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<br />fi, If he fails to pay ar.}; sum or keep say 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 />ovving on the above note, shall be secured hereby, and shalt bear interest until paid at the rate provided
<br />far in the priaeipa! indebtedness.
<br />7. Upon request of the Mortgagee. Mortgagor shall execute and deliver a supplemental note or notes
<br />far the sum or sums advanced by Mortgagee for Ute alteration, mgdernlzatiou, or imptrovement made at
<br />the Mortgagor's request; or far maintenance of said premises, or far taxes or assessments against the
<br />same, and fvr any other purpose elsewhere authorised hereunder. Said note or notes shallro~e secured
<br />hereby vn 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 fqr such period as may
<br />be agreed upon b}• the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />nr sums so advarced shall he due and payable thirty {30) d9ys after demand by the Mortgagee. In no
<br />event shall the maiurit}• extend beyond the ultimate maturity of the note first described above.
<br />3. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the ~:~te and all earns secured hereby incase of a default in the performance of any of the terms and condi-
<br />tions of this mortgage yr the said Hate, 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 anti managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to he applied t.award the discharge of said mortgage indebtedness.
<br />p. lie will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />mats from time to time rcr,u=. re, on the imprvvemeats now or hereafter on said premises and except when
<br />payment for ail such premiums has theretofore been made under (rt) of paragraph 2 hereof, will pay
<br />pramptlp when due an}- pre=miums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shalt lte carries+# in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached t}tereto Icsss payable clauses in favor of and is form
<br />acceptable to the iiortgag«~. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gage, who may ,rake prcxrl• of less if Hat made promptly by Mortgagor, and each insurance company con-
<br />a=rnecl is hereby author+zed and directed to make payment for such lass directly to the itlortgagee instead
<br />of to the 3turtgagor and the lturtgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be app!icYl by the A9ot•tgagee stit its option either to the reduction of the indebtedness hereby secured
<br />or fo the mstarativn or repair of the.property damaged. In event of farec!osw•e of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indc=btedness secured hereby, all
<br />right, title and interest of the ?Mortgagor in and in any insurance policies then in force shall pass to the
<br />pu e chaser ;.r ga snts~.
<br />I0. ds add#tiana! xnd c ullateral security for the l:ayment of the note described, and all sums to become
<br />dap under this mortgage, th«- Mortgagor hereby assigns to the Mortgagee all tease bonuses, ptxtfits, reve-
<br />rtues, royalties, rights, an?.I cTther benefits accruing to the Mortgagor under any and all oil and gas lessee
<br />now, ur during the hfe of this mortgage, executE~s} on said premises, :with the right to receive and receipt
<br />for the same and apply them c<; said indebtedness us :: el! before as after default in the conditions of this
<br />mortgage, carxl the 11ur-tgaget= may demand, sue for and r«~c-over any such payments when due and pay-
<br />r.t;lc, Isut shall real he ; eyuired su to do. This assignment is to terminate and lsecome null and void upon
<br />release of this mortgage.
<br />Il. He shall not commit ..r pet•mit :waste; and shalt maintain the property in as good condition as at
<br />present, rea.~sgnable :Near and tear excz:pted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may came r-e~.tnat}':+, mainterance week to be performed at the cost of Mortgagor. Any amounts paid
<br />t}serefur Lx ldurtgai;ee shall beae• interest at the rate provided fur in the principal indebtedness, shall
<br />tharoapon became a kart of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other itedebtedns:ss scK~ured 1;ereby, and shall be I~syable thirty (30) days after demand.
<br />L. if the premises, ur xrty pat•t thereof, be condemned under the prnver of eminent dgmain, or
<br />acquired for a pu}rlit. use, the damages awarded, the pracs°eris for the taking uf, ur the crrnsideratign far
<br />suet acquisition, to the c=xtent of the full amount of the remaining unpairi indebtedness secured by this
<br />mortgage, ar beech}• assigned to the Mortgagee, and shall 6e paid forthwith to said Martgags;e, to be
<br />app}issl on account of the last maturing instatlments of such indebtedness.
<br />#Ft. If the A4vrtga}Lar falls to make any payments when due, ar to conform to and comply with any
<br />of tltc conditions or agree•ma~nts cort#aine<} in this mortgage, ur the notes cshich it secdres, then the
<br />entire principal sum and aura«xl interest shall at unca became due and pa}°abl+~, at the election of Lhe
<br />Mortgagee; cad this rnortgage may thereupon be foreclosed immediately for. the whole sxf the indebted-
<br />ns~rs hs:retsy set~ured, irtehrdittg the cost of extending the abstract of title from the +iate of this mart-
<br />gage td ttte time of commencing such suit, a reasonable attorney`s fee, anc! any sums paid by the ~'eterana
<br />Admsnistratign an account of the guaranty yr insurance of the indebtedness :accred her+•by, all of which
<br />shall lee includes! in the decree of foreclosure.
<br />I~, if the ittdebt+~t~ftteaa esrcutesi hereby be guarant~d ar insured under Tit1F 3f3, united States f`.rxlc.
<br />sir T1tIc! aaad Ilt+gu}atitrns issued thereunder and itt effect ran the date hereof shall govern the rights, slutiea
<br />and liatiiiti saf the parties het•otu, acrd any provisions of this or vttrer instruments executed in cgnnectign
<br />with axid iru#pbttdnaax wh~h err incgaraiatent- with said 't`itle ur Itegu}ations ~ hartby amended tq
<br />cx nfoxsn theretq.
<br />Ths strsznfs herein contained s}Itall bind, am# the benefits and advantages shall inure to. the
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