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fi. 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 sum er sums advanced by Mortgagee for the alteration, modernization, or imprcvement 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 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 3ortgagee. 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 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 r-ecessary 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 amomrts as Mortgagee
<br />may- from time to time remtire, on the improvements nosy or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 !tereof, 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 beheld by the 1liortgagee and have attached thereto loss payable clauses in faros of and ir. form
<br />aceeptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, wito may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorised and directed to make payment for such loss directly to the lortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof.
<br />tnay be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby scH~ured
<br />or to the restoration or repair of the pi•opert}~ damaged- In event of foreclosure of this mortgage. ur other
<br />Cransfet• of title to the mortgaged property in extinguishment of the indebtedness secm•eci hereby, all
<br />right, title and interest of the Diortgagor in and to any insw-ance policies then in force shall pass to the
<br />purchaser ar grantee.
<br />10. As adrh lions! and eullateral security fer the pacment-uf the note described, a:ul a!! ems u• lr~come
<br />due under this mortgage, the bim•tgagor hereby assigns to the Mm•tgagee all lease bonuses, profits. rrre-
<br />nues, royalties, rights, and other benefits accruing iu the liortgagor under an} and ail ail and gas leases
<br />non=, or during the life cf this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apph' them to said indebtedness as well before as zfter default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any sucL payments when c:ue and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null and chid upon
<br />release of this mortgage.
<br />11. He shall not commit ur permit x~aste; and shall maintain the property in as good condition as at
<br />present, reasonable wear an<} tear excepted. Upon an}- failure to so maintain, Mortgagee at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a (tart of the indebtedness secured by this instrument, ratably auci on a parity n ith all
<br />other indebtedness secured hereby, and shall be payable thirty (301 days after demand.
<br />12. If the Premises, m• any part thereof, be condemned uttrier the power of eminent domain, or
<br />acquired for a public use, Lhe damages awarded, the proceeds tor• the taking oC, ur the consideration [or
<br />such acquisitiat, tv the extent of the full amount ut the remaining unpaid inctebto<Ivtess cured by this
<br />mortgage, or hereby n~ . g~~d to the Mortgagee, and shall be paid forthteith to said Mortgagee, to he
<br />applied on account of the last maturing ittstallrnents of such indebtedness.
<br />l3. If rho A1m•tgagor fails to make any payments when due, ot• to conform to and comply with any
<br />of the conditions or agreements contained iu this mortgage, m• the notes which it secures, then the
<br />entire principal smn and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the ~whule of the indebted-
<br />ness horeby secured, including the cost of extending the abstract of title from the date of this mot•t-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration ott account of the guaranty or insurance of the indebtedness secured hereby, all of tchieh
<br />shall be included in the decree of foreclosure.
<br />14. t; the indebtedness secured hereby be guaranteed or insurcKl under Title S8, Linited Gates Code-
<br />such Title and Regulations issued thereunder and in effect on the date heretF shall govm-n the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this or other instruments executed in cmmectiou
<br />with said indebtedness which are inconsistent with said Title or [Zeguhttions at•e hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the bereftts and advantages shall inure to, the
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