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$4--- ~C1.2504
<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 pet•fot•m 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 prnvided
<br />for in the prineipalindebtedness.
<br />Z. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum 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 fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental note or notes shalt 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 />ot• sums so adcancecl shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the ma±ueity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />` the note and all sums secured hereby incase of a default in the performance of any of the terms and condi-
<br />tions o4 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 Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the tents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in tenting 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 type or types and amounts as Mortgagee
<br />may fi•om 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 Z hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable r•Iauses in favor of and in form
<br />acceptable to the i4Tortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con,
<br />corned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the bortgagor and the ?viortgagee ;ointly, and the insurance proceeds, or any part thereof,
<br />may 1 __ _~. _ ~ its option eithc!• to the reduction of the indebtedness hereby secured
<br />ur tote ot'a,~ion~ or acpair of the property damaged. In event of foreclostu~e of this mortgage, or other
<br />trans r ~!o!the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, tt e ana m erect of the Mortgagor in and to any insurance policies then in t~n~ce shall pass to the
<br />purchaser rm grantee.
<br />1G. As additional and collateral security Lor the payment of tltca cote described; and atll sam_c to 6eemm~
<br />due under this mortgage, cite blot tgagor hereby assigns to the biorl:gagec all lease. bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed unsaid premises, with the right to receive and receipt
<br />for the same and appl}~ them to said indebtedness as well befat•e as after default in the conditions of this
<br />mortgage, and the _l~turtgagee may demand, sue for amd recover any such payments when due and pay-
<br />able, but shall not be required so to r]o. This assignment is to terminate and become null and coil upon
<br />release oi' this mortgage.
<br />11. He shall not commit ur lx emit waste; and shall maintain the propert}~ in us good condition as :d.
<br />present, rexsmtable wear and tear excepted. Upon any failure to so nutiutaiu, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost nl' Mortgagor. Any amounts paid
<br />therefor b}• Mortgagee shat! bear interest at Lhe t•ute provided for iu t.hc principal indebtedness, shill
<br />thereupon itecome a part uI the indebtedness secured by this insh•ument, ratabl,v and un a parit}' ++ ifh all
<br />ather indebtedne,~s secured hereby, and shall be payable thirty (,iU) days after demand.
<br />1'2, If the premises, or any part thereof, 1>e condemned under the pu+ror of r•miueui duniain, ur
<br />neyuired for a public use, the damages awarded, the proceeds for the takurg rd•, ru• tho cnnsid+•rattoa fur
<br />such atcquisition, to the extent of the full amount of the rtanaiuing unpaid indebtedui-ss sr~cured by thts
<br />mortgage, or hereby assigned to i.he Mortgagee, and sleall be paid furUnvith to said itortgageo, to hr,
<br />applied on uccuuut ref the last maturing installments of such indebtedness.
<br />18. If the Mortgagor fails to make any pacumnts when due. or iv roolur!u to su:d cnnipi;~ ;+,th sup
<br />of the couclitiatu ur agreenteata contained in this mortgage, or the notes +~hirh it secon•s, :L,-n t}t„
<br />entire principal sum and accrued interest shall aL Duce become-dae ;aid pxyabh~, at th+• ~•Ir•rtiou ~ei• th+~
<br />Mortgagee; and l.his mcrtgagm may thereupon be fornclosed imnwdiately tm• the. +chule ,~i the inde~ted-
<br />ness hereby secured, including the cost of extending Lhe abstract of title fl•um dto date of this aturt-
<br />gage to Lhe time uC commencing such suit, a reasonable attm•uey's fee, and au}' sums paid by dte A'cter+ans
<br />Administration ou account of khe guaranty ur iusurana• of the indebtedness :c+~ur+-rl hr•r.•bv, ail ra +~ bleb
<br />shall be included in the decree of foreclosure.
<br />12 If the indebtedness secured hereby be guaranteed ur insured under 'Pitle aH, ] toiled 4ts+tes Cnde,
<br />such Title and Regulatians issuad thereunder and in effect un the date hererof wall govern the rights, dutirs
<br />and liabilities of the parties heroto, and any provision., of this ur utter=r insh~umeuts exocuterl in connection
<br />With xfid indebtedness which are inconsistent with said 'Title ur Yegulntk>ns arc hereby :uuunded to
<br />crmform thereto.
<br />The covenants het•cin contained shall bind, and the benefits and advantages shall inure to, thr
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