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RI ~ ~Ei~?938
<br />8. 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 shad bear interest until paid at the rate provided
<br />for in the priatcipat indebtedness.
<br />?. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or aot~
<br />for the cuss ar soma advanced by Mortgagee for tae alteration, modernization, or improvement made at
<br />the Mortgagors request; ar for maintenance of said premises, or for taxes ar aa4_gcma~nig against the
<br />sastte, artd far-arty other purp~e elsewhere sutharized hereunder: Said note ar Hates shall be secured
<br />hereby oa a parity with and as fully as if tae advance evidenced thereby were included in the Hots fleet
<br />described above. Said supplemental note or Hosea shall bear interest at the rate provided far in the prin-
<br />ci}sal indebtedness and shall be payable in appmximately equal monthly payments for such period as may
<br />~ agreed upon by the itlortgagee sad Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />ar aunts sa advanced wall be due and payable thirty (30) days after demand by the Mortgagee. In na
<br />event shall the maturit}> extend beyond the ultimate maturity of the note first described above.
<br />$. Ile hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note aad all soma secured hereby in case of a default in tae performance of any of the terms sad condi-
<br />' tiotzs of this mortgage ar the acid note, all the rents, reveatzea 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 as}-agent or agents it mar desire far the purpose of renting the same and col-
<br />lecting the rents, revenues and income, and it :nay 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 env, tc be applied tolvard the discharge of said mortgage indebtedness.
<br />9. IIe u-il3 eontinuausly maintain hazard insurance, of such Lype or t}•pes and amounts as :4Tartgsgee
<br />may from time to time rca~uire. on the improvements now or hereafter an said premises and except when
<br />parmeut for all such premiums has theretofore been made under frx) of paragraph 2 hereof, wsl! pay
<br />promptly when due any pretniuase eherefor. Upon default thereof, 3lartgagee may pay tae same. All
<br />insurance shall be carr#ed in cottspanies approved by the ~2origagee and the policies and renewals thereof
<br />:Batt tie held be ±he Mortgagee aad have a~acheti thereto Inns payable riauses in ;aver of and in form
<br />acceptable to tae ~Sartgagee. In evens of lass biortgagar .will give tmmetliate notice by :nail to the Mort-
<br />gagee, u•ha znay snake praaf of teas If not made promptly by :llartgagor, and each Insurance company con-
<br />cerned is hereby auiharized and rlireetetl to make payment for such loss rhei>t'€l~ to the Mortgagee instead
<br />of to €he '>tortgagor anri the ~iaetgaftee faintly, and the insurance k~r<.,ceeris, err any part thereof,
<br />z±zay be spelled b}° the Mortgagee at i~ aptian either to tree re~rluctian cif the ir,c#cbtedness hereby secured
<br />:~r to the za>staratian ,ar repair t;f the property damaged. lzt r=vent of foreck;surc• of this mortgage, or other
<br />trazzsfer e,f title to the mortgaged properly in extinguishment of the :ndekrtrriness secured hereby, all
<br />right, title and interest of the ~Iortgagar ;n xnd t+? arty insurance policies [her: in force snail pass to the
<br />lrut-chaser ar grasztee-
<br />lir. As additional <zt,d sc,llateral security far tae laa~'mPrt of the nr,Le ri,.3:-rik;eci.:snd all sums to become
<br />due under this mortgage. the Mortgagor hereby assigns to the itartgagc~ ti Ic>as-= i;antzses, profits, reve-
<br />nuea, rayattiea, rights, .znd «ther benefits areruirg to the 3lortgagar under any and alI oil and gas ?eases
<br />now'. ar during Ltae life of *.his mortgage, executed an said pt~mises, u-itlt the right to reetiE:e and receipt
<br />for tae same and appl} them tc said indebtedness as well before as after c':ttault in tlir conditions of this
<br />mortgage, and the l2azKgagee may desnaad, sue far ana rover any such payments sc-hen slue and pay-
<br />abie, but shall rot be requtrc>rl so to da. This assignment is r_o terminate ard Exi,:ame null and void upon
<br />release of this mortgage.
<br />21. He shall rat eammrt r,r permit traste; and saa13 maintain the prapertE• in as gvcxi condition as at
<br />present, reasonable u-ear and tear excepted. t'pon any failure to sa maintain. Mortgagee, at its option,
<br />may cause reaaonabi-~ rzainteratnce work Lrx be performed at the cost of Jlortgagar. Aa}' amaunta paid
<br />*kazvi~r !~;- ~„rtg¢k~ opal! lacer irteresi at the rate f,rvvided for in the principal irdebtedness, snail
<br />tiereupon kxreome a tears of the indebtedness secured by this instrument, ratauly and c;n a parity with all
<br />other iadebiedneas secured hereby, and shall be payable thirty (3tt) days after demand.
<br />l!2. if the premises, ar ang part taereof, be condemned under the lxi~s er <~f r-mineszt domain, ar
<br />acquired far a public use. the ciamag~ awarded. the prrx~eris for the t:tlting af, yr the consideration Tor
<br />such aegviaitian, to the extent of the full a±*_aunt a: t^e remaining unpai;i indet;,tednei3s secured by tail
<br />martgege, or tiereby assiga~d to the 3tartgag~e, and ahalir_xi paid fot-thu-ith zo .~a:d iiortgagee. to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If tae .'.taz-igagar fails to snake env pae-^;€ nta when due. r,•r to canfarm to and comply with any
<br />of tl~s cotuiitions ar agreesnenta contained in ti:~ ,^;artgage. „r ih< ucrtes °.si:rch it secures,. then the
<br />entire principal sum and accrued interest s,hali at ~~nce became due anti lravabic--. at the c>lectian of tae
<br />~lart~; aad thin ,martgaye shay thereupon ~ fareelrz~t# isnsrtc~lliately ear tli€> ~ hale of fhe indebted-
<br />neat hereby secured, i,icluding the cast of extending tI'ce alxtract rxf title frr_.m the elate of this mart-
<br />gag,e Its the ileac of ca€rtznetzrirsg such suit. a reasanatsle attorney`s fee, and am ,earns paid 6y the i'eterans
<br />~igiration an aeeouni c:f the guaranty ar izasuranee of the rrdebtr>aress sc~urrd hf:rebt~. ate of welch
<br />sou tae iaelnded in site decree of fosvseioeusre.
<br />1~. If tlse i;td~. seeur~ heraty he guaranteed err instarec# under ?`itte ,3'#. 1lnited States Cade.
<br />s#-Titles and Itlationa issuers tt±ertttnder anri in effect an the date hereof shall govern the rights, duties
<br />I#abf#itiee of slay pelt#es hercYri, and any pr $visians of this ar other instruments executed in canneeiian
<br />~' > i ~ " _ ~m#tlels are imaasiatent Nita said Tine r;r Regulations xrv hereby ;itstendeci to
<br />`~ tltecre~.
<br />Tl 'ersxttti! min cemtairtecl shall triad, and the benefits and azivantagea shall inure to, tht=
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