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<br />&. 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 />awing 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, Portgagor shall execute and deliver a supplemental note or notes
<br />for the slim 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 6e 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 />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 acid 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 />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 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 have power to appoint any agent or 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 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 />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, cn the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (¢) of paragraph `L hereof, will pay
<br />protq{,~en-dtie,&A~, premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />' ad+tieii ~ ¢j~ipanies approved by the Mortgagee and the policies and renewa-s thereof
<br />msu>'afT~F:~rl
<br />shat{ be ~1~ and have attached thereto loss payable clauses in favor of and in form
<br />"`.
<br />acceptable - event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make pt•oof of"Co§s if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the :4ortgagor and the Aortgagee jointly, and the insurance proceeds, or any part thereof,
<br />tray be applied by the Mottgagee 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 foreclosure of this mortgage, or other
<br />transfer of title to the mot•tgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee-
<br />10- As additi, ^^1 and collateral security for the payment cif the note described, nod ail sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royal±ies, rights, and other benefits accruing to the Mortgagor under any and ail oil and gas leases
<br />now-, or during the life of this mortgage, executed on said premises, n-ith the right [o receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Dlot•tgagee may demand, sue for and recover any such payments when due and pay-
<br />able, bui shall not be requited so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. He shall not commit nr permit waste; and shall maintain the pr~,tterty ir, as gcrod condition as at
<br />gresent, reasonable wear anti tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonabic, maintenance work to bE performed at the cast of Mortgagor. arty amounts paid
<br />therefor by Mortgagee shall beat• interest at the rate provided for itt the principal indebtedness, shall
<br />thereupvn become a part of the indebtedness secured by this instrument, ratably and on a parity ++-ith all
<br />other indebtedness secured hereby, and shall be payable thirty (80) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the puever of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds fair the ±akirg tif, or the €t:nsi;leration for
<br />such acquisition, to the extent of the foil amount of the remaining unpaid indebtedness s~~t weed by this
<br />mortgage, nr hereby assigned to the Mortgagee, and shall be paid forthwith to ,aid Mortgagee, to be
<br />kpplied on account of the last niatur;ng installments of such indebtedness.
<br />13. if the biot•[gagor fails to make any payments when due, or to conform to anti comply +vith any
<br />of the conditions or agreement<c contained itt this mortgage, or the note, ,+hich it secures, then the
<br />Entire principal sung and accreted interest shall at Duce become due and payable, at the elettiun of the
<br />'~tartgagee; and this mortgage may thereupon be foreclosed immediately for the .+•hule of the indabted-
<br />tacas hesetiy° securcYl, including the cost of extending the abstract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and an> sums paid b~ the b'eterans
<br />Administration on account of tI1E guaranty or insuranet~ u€ the indebtednt~::s aectired hereby, all of ~+•hich
<br />shaili be included in the decree ctf foreclosure.
<br />1~1. If tltE itxlebtedness $ecuretl hereby be guarantt~ed ut• insured under Tifle SS, 1Fnited States Cade,
<br />at~h Ticle and R4g41$tions issued thereunder and in c>ffect on the date hereof shall gorcru the rights, duties
<br />sari liabilities cl'the patties hereto, and any provisions rf this +:,r r,thcr instratntents otr.,u:x=el in runncx•tintt
<br />with said indebtedness which are inconsistent with said 1`itie or Regulations a?~e hereby amended to
<br />conform thereto.
<br />The cov?snants herein contained shall bind, and the tsenefiis and advantages .hail Ilinre ti:, th.•
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