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<br />6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the stun or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity with and as fulty as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (30} days after demand by the Mortgagee. In no
<br />event shall Lhe maturity extend beyond the ultimate maturity of the note first described above.
<br />S. He hereby assigns, transfers and sets ovet• to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mot=gages
<br />shall have power to appoint any agent or ager_te it may desire for the purpose of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />experses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such tgpe or types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under {a) of paragraph 2 hereof, will pay
<br />promptly when due stn- premiums therefor. Upon default thereof, 14lortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the .llottgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto Inss payable clauses (n favor of and in form
<br />acceptable to the iFiortgagce. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of lass if not made promptly by Mortgagor, sort each insurance company con-
<br />ecrned is hereby authorized and directed to make payment for such loss directly to 'the Mortgagee instead
<br />of to the Dortgagor and the Mortgagee jointly, and the insurance proceeds, ur any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. In event of fw•eclosure of this mortgage, or other
<br />transfer of title to the ^uu•tgxged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the ltfortgagor in and to any insutattce policies ther. in force shat: pass to the
<br />purchaser or grantee.
<br />10. As additional anti collates <il security for the payment of the note descrtbed, and all st:ms to lwcomc
<br />due under thismertgage,~i~e hlorigagorherebyassigns io 'the iiorigatee a17 lease !-onuses, profits, rete-
<br />nues, royalties, rights, and other benefits aceraing to the Mortgagor under any and atl oil and gas 'eases
<br />now, or during the life ul'this mortgage, executed unsaid premises, with the rip;ht to receive and receipt
<br />for the same and apply them to said indebtedness as well boforc as after default in the conditions of this
<br />mortgage, and the Mot-tgagee may demand, sue for and recover nny such payments tt~hen due and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and bec•ume null and void upmt
<br />release of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the properh' in us gaud condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, xt its option,
<br />may cause t•ensonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall brat interest at the rate provided 1'or in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this insttvntent, ratably and u^ a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. if the premises, or any part thereof, be condemned under the puwor of cmiuont domain, ctr
<br />acquired for a public use, the damages awarded, the proceeds fur the taleing ut, or the consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments uC such imdebtedness.
<br />13. If the ;<iurigagor fails to make any payments when due, ur to c•unfo~•m to and comply with any
<br />of the emtditinns or agreements contained iu this mortgage, or the notes tt4iich it secures, then khe
<br />entire principal sum and accrued interest shall at once heroine clue and px)'ttbtc, at the election oi' Llte
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately far the ~t~holc of thtt indebted-
<br />ness hereby secured, including the cost of extending the abstract of title 1•rum the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and nny scans paid by the Vetrrans
<br />Administration on account of the guaranty or insurance of the indehtednese ncrured botchy, all ut which
<br />shall be included in the decree of foreatosure.
<br />19. If the indebtedness secured hereby be guarnnteed nr insured undee Title ;K, iJnited States Code,
<br />such Title and Regulations issued thereundet• and in elfect on the date hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this or other instruments executed in connection
<br />with said. indebtedness which are inconsistent with said Title or Regulations ar•e hereby :unend~=ei to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benettts and advantages shall inure to, the
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