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80-. uvSU~i~
<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 an the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />?. 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 ary 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 shall bear interest at the rate provided for in the prin-
<br />eipai indebtedness and shall be payable in approximately equal month!; 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 sha31 be due and payable thirty (30) days after demand by the Mortgagee. in no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />S. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the pay~rnent 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 Mortgagee
<br />shalt have power to appoint any agent err agents 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 al! necessary commissions and
<br />expenses 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 rnaintair. hazard insurance, of ~ tch type ar types and amounts as Mortgagee
<br />may from time to time reciuire, on the improvements now or hereafter on said premises and except when
<br />pa}-recent for all such premiums has theretofore been made tinder (a) of paragraph 2 hereof, wil! pay
<br />prompily- when due any premiums therefor. upon default thereof, Mortgagee may pay the same. dll
<br />insurance shall be carried in companies approved by the lortgagee and the policies and renewals thereof
<br />shall be 6eid by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the tiiortgagee. In event of loss Dortgagor will glee immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made prnmptly by .lortgagor. and ,each insurance campaey con-
<br />cerned is hereby autitarizetl and directed to make payment for such ' -; directly' to ?he Mortgagee instead
<br />of to the Mortgagor and the lortgagee iointly, and the insur: , •-ocee~s, ur env part thereof.
<br />may be applied by the Mortgagee at its option either to the reduction of ,uiebtrdness hereby secured
<br />or to the restoration or repair of the property damaged. In event of fe~ „tree of this mortgage, or other
<br />transfer of title to the morCgaged property in extinguishment of the rtdebtednoss .ecured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then ir. forc•e shxli },acs to the
<br />purchaser or grantee.
<br />i0. As additional and <v!lateral security for the pa5'ment c.t the note descr:bed, .,nd ni! sums ! o become
<br />due under this mortgage, the Mortgagor Hereby .usigns to the Slortgagre all !ease bonuses, pratits, reve-
<br />nues, royalties, tights, : nd other trenefits accruing to t}te 3ior±t;agar under any and all oil and gas teases
<br />paw, ot• during the life „f this mortgage, executed on said premises, frith the a~ight to rev,•iee and receipt
<br />for the same and apph them to said indebtr-dness as «•el! beto.'e as after default in the conditions of this
<br />mortgage, and ±he Jii,rtgzgee ma}• demand. sue for and rea3ver any ouch pad rn,•uts ~rhrn due: and pay-
<br />able, but shalt not bc• rtv{aired sa to der. This assignment is to termiaatQ acrd i>caome clot! attd void upon
<br />trlease of this mortgage.
<br />ti. Fie shall pat tsammit ce permit waste; and sha8 matnta.n the property in <us good curxiition as at
<br />present, reas+rnabie gear aatd tear excepted. Lyon app failure to sv m__a;ntaita, ~ic;rtgag:•e, at its option,
<br />may cause reasanab<< maintettaace work to be performed at ti!e cost ot" Mortgagor. :env amounts paid
<br />therefor by Mortgagee slrali ir~ar interest at the rate provided for it: the pr;ncrpai indebtedness, shall
<br />thrt•eunon i»:rome a luu•t of the indebtedness secured by this instrument, raiahly' and vn a parity «ith all
<br />outer rode°atcdness` serurc~ri h,>rr~t~• _,;trl shall bz: ~cab!e tlvrty 13t3) days aftf. r ,it~mand.
<br />14. if the premises, r>r cloy },a; t thereof. be condemned trader the pu;+e¢~ ~,f eminent dornain. nr
<br />acquired far a 1>ubiic tr c--, the ~:at~tages aw<ucied, the proce~•ds for the taking <~t, ~,r tt:e tonsirieratiun for
<br />such acquisitiara, to the extent of the full amount of the rernaruing unl-~sei uuirbu~c;ness secw~Yti by this
<br />mortgage, ter hereby assigned to the linrtgagee, and shall tx. yard ttirthrocrth to said 'Mortgagee, to he
<br />applied on account ut the fast maturing Installments c,l' such indebtedness.
<br />I3. If the Mortgagor fails to n~,ke any payments «'hesi due. oe to ro:;fof m to and rornlr?s' frith r;ny
<br />of the conditions cr agreements contained in this mortgage, ~;r the n+,tcs ,•. }IU•h i? srcttres, then the
<br />entire principal Burn and accrued interest shall at artce tx~con~ due and payabl~•, at t}t«• electnn, .d the
<br />~larigag~; and this mortgage map t}rereupo*r tae foreclosed immediatei, for ther rvholc ,~i the ineiebted-
<br />nats hereby secured, itac}uding the evert of ~~st~-ttdtng the abstrait ,,:' title ;rum t}x• date of thrs mart-
<br />gage to tip time of caaunencing such suit, a reasonable attorney's f~> and an~~ .,ants },aul Iz~. flee t'e•terans
<br />Administration on account of the guaranty <'~r irtsuranfire,• oC the inileht.<=dn,~..a :,-, ur,-., h,~r~-6~~. ,Ill ,~t cchieh
<br />shall be included in the cletre€ of far~lasure,
<br />14. If the indebtedness seeuret,I hereby be kniaraut.t-,~d or it.,ua e;i vntier Title ;ri. l_'vstied titn{,-, ('„rie.
<br />such Titleand Iisgu,iations issued thereunder and in erlect orr titt~ ,late hc-reoi'sl-utll go.~een the rigY,ts, duttws
<br />and 1'i~ilities a# the ~rties httreta, and atry pravtsiurs, r;f thts e,r other tustrume~uts e:~ecated to soruu•chon
<br />with said intlebt~lness which are ine•.>nsist~=nt :vith said Title err (,e>tulati„ns ar•e he.ehy anlertdrd to
<br />conform thereto.
<br />The eoctenants lrereui contamc~i shall hind, and tE1r- fce•netdtK rend racivantagzas shai! rsult,~ t.,, the
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