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<br />8~- €~ Q ~ I.19
<br />6. If he faits to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, sL
<br />its option, may pay or perform the same, and all expenditures se made shall be added to the principal sum
<br />owing on the above note, shall be scoured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagpr shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, oz• improvement made at
<br />the idvx'~gagor'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 shall bear interest at the rate provided for in the prin-
<br />oipai 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 Mottgagee. 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 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 Mortgagee
<br />shall Gave power to appoint any agent or agents-it map desire for the p .rpose of retrting the same and co~-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all 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 />g< He will cantinuously maintain hazard insurance, of such type or types and ~..,ounrs 9.s 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 thereWfore been made under (¢) of luzragraph 2 }rereaf, kill pay
<br />promptly cvhen due any premiums therefor. Upon default thereof, ~lortgagec• may pay the same. Ali
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Eortgagee an~have attaC~ted;,xl,jq:loss~ payable clauses in favor of and in form
<br />acceptable to the Mortgagee. Ia ave~lf o~lc~~oi•tgaga~ tivill give immediate notice by mail to the Mort-
<br />gagee, who znay make proof of litss }f go~ti~T~!~ortgagor, and each insurancQ company con-
<br />cerned is hereby authorized and rlireeted to m:tkd'pai•ment'for such l.zss r?irectl~• to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the instrance proceeds, nr any part thereof.
<br />may be applied by the Mortgagee at its option either to the reduction aI the indebtedness lzereb}' secured
<br />or to the restoration or z•epair of the property damaged. In event of foreclasare +.f this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebterlnr•ss secured hereby, all
<br />right, Title and interest of the 3tortgagor in and to any insurance policies then ,n Corte shall pass to the
<br />purchaser or grantee.
<br />10. As additional and c•ullateral security for the payment of the nate cleat r?x•d, :u,d all sums to become
<br />due under this mortgage, the Aiortgagar hereby assigns to the liiortgagee all lease bonuses, profits, re~•e-
<br />nues, royalties, nights, u,zi: ether F~nents accruing ko the Mortgagor under azz~• and ell +zil and gas leases
<br />new, or during the life at this mortgage, executed an said premises, with the r,t!hi to nit n•e and receipt
<br />for the same and apph them to said indebtedness as well before as alter tleiaalt in the ~u.zditions of this
<br />mortgage, and the 'iiortgagee may dematzd, sue for and recover any such },ztytnezzts when ,foe and l;ap-
<br />able, but sl?ail not be rerluiz•etl so to do. This assignment is to terminate anei brxame nufl and vain epee
<br />release o£ this mortgage.
<br />11. He shall not commit or permit :vaster and shall maintain the property irz as grxxi cantittion as at
<br />present, reasonable wear and fear excepted. Ltpatr azu• i'ailm-e to so ma;ntaru, jlortgagti-r~, at ,ts oliuon,
<br />nzay cause reasonable maintenance work to ]re twrfarmed at the cast of 1tilorigagor. .fizzy amounts ?laid
<br />therefor by Mortgxg~ shall bear interest at the rate provided for izr the ?rr~tsc,pa3 uxle6tednrss, shall
<br />thereupon became a ?>art of the inrlebteilness secured by this instrument, ratably and on a panty with all
<br />other indebtedne.~ secured hereby, and shall be payable thirty (:f0) days after demand.
<br />3?. if the premises, ar any part thereof, be condemtzed under the lwtrer of eminrut daztrain, or
<br />acquired for a pub?ic use, tae ,ianrages awarded, tl=•e proceeds Ter the taking af, nr• the consideration far
<br />such acquisition, to the extent ai the full amount of Lhe reemaining mrpaid indehtc•riness secured by this
<br />mortgage, ur hereby assigned io the Mortgagee, and shall be paid forthwith to s:;d Aortgagee, to he
<br />applied on account of the last maturing installrtrertts of such inciebtedzzesi.
<br />Is', If the 'dortgagar fails to rua,:e any pe3trrents when due, ar to confar•zn to and comply Kith any
<br />of the conditions or agreements contained in this mortgage, or° the Hates which it secures, thin the
<br />entire pritncipal sutrr and accrued interest shall at once become duo azrd payable, at the +aeetion of the
<br />1Nortgagae; and this n7artgage may thereupan be foreclosed immediately for the ~vhuie of the indebted-
<br />ness $ereby seetrred, including the cost of extending the abstract of title f;•u,zz the date at thi- mort-
<br />gage to the time of commencing such suit, a reasrnable attorney's fee, and any .,ums paid by t?zr: Veterans
<br />Administration on acc;iunt of the guaranty or insurance of the inclebtedn.ss7 : ecurc~d hereby, a!1 of which
<br />ahRlt be included In the decree of faxaelosure.
<br />19, If the indebtcgtness secured hereby ire guaranterad or insured under 'Title 38, trniteti States Cor?c,
<br />suc3r Title and Ixegulatioas 3.csued thereunder and in effect on the mate hcarecrf ;hall govezu, the rig_ ills, duties
<br />anfi tiabiiities of the parties hereto, arzd any provisions of this ur other insteumauts r•xoeuted in c onnecti„n
<br />a^ith said ibtedness whielt are ineousistent with said '1'itlr nr ttegulatiots are hrrtiby :ut,euur~t to
<br />rr,nform thereto.
<br />Tito covenants herein ecrnta;nod shall bind, and the br_•nefits and advantages shall inure ta, the
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