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<br />8I •--i) (113 `? h
<br />6. 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 herehy, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />?. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />ter the sum or sums advanced by Mnt-tgagee for the alteration, moderni?2tion, or irnprovemsnt 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 />herehy on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplements} note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shat} be payable in approximately equal monthly pay~rrents for srtch 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 she}} be due and 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 aII 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, z°evenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness steal} remain unpaid; and the Mortgagee
<br />steal} 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, on the improvements now or }tereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, brill pay
<br />promptly when due any premiums therefor. Upon default thereof, \Sortgagee may pay tl-ie same. All
<br />insurance sh~lI be carried in companies approved by the _1ortgagee and the policies and renewals thereof
<br />shall be held by the 1imtgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />°~gee, who may make pr•ouf of loss if not made oromptly by 4ortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to mai<e payment for such loss directly to the Mortgagee instead
<br />of to the Mortgagor and the ~iot•tgagee jointly, an°I the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the ut<}ebtedness hereby secured
<br />or to the restoration ur repair of the ;iruperty damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the ntur•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 shell pass to the
<br />purchaser or grantee.
<br />10. As ad<}}tional and collateral. security foe the payment of the note d_scribed, atr+}all sums to become
<br />due under this mortgage, the 14lortgagur hereby assigns to the llurtgagee all lease bonuses, prrotits, reve-
<br />nues, royalties, rights, and other benefits accruing to the tilortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, execute€I vn said premises, 1~•ith the right to receive and receipt
<br />for the same and apple them to said indebtedness as wefl before v after default in the conditions of this
<br />mortgage, and the Jlurtgagee may demand, sue for and recover any such payments when due and pay-
<br />a5le, but shall nut be realcirert io to do. 'Chis assignment is to terminate and become rntll and void upon
<br />release of this mortgage.
<br />2I. He shall not commit ur pe;t•mit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasvnabie maintenance work to be perfrir•rned at the cost of Mortgagor. Any amounts paid
<br />therefor by-Mortgagee shell bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, stably and ou a parity with all
<br />other indebtedness secured hot•ehy, and shall be payable thirty (30) days after demand.
<br />l2. If the premises, or any part thez•eof, be condemned under the pu~z•er of eminent domain, or
<br />acquired for a public use. the damages awarded, the proceeds for the taking of, ur t}te consideration for
<br />such acquisition, to the extent of the lull amount of the remaining unpaid indebtedness seen?~ed by this
<br />mortgage, or hereby a~ signed to the 3iortgagae, and shall be paid forthiz ith to s;zid ~Yortgagez, to be
<br />applied on account. of the last maturing i?zsta}Invents of such indebtedness.
<br />13. If the ~Iartgetgur fails to make any payments when dae, or to conform to and comply e+ith ary
<br />of the conditions or aagreemenfs cuntaioed in this mortgage, or the Hates :+-hich it secuees, then the
<br />entire principal sutn and accru<d interest shall at once become due and payable, at the election of the
<br />:4turtgagee; and this naoetgage mac• thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby sect:red, ioc}ezdiug the cu;6 of extending the abstract of title froau the date of this murt-
<br />gaee to the time of cummenriug.;uch suit, a r•_~Ezsu?rabic ;tttot•?tey's fee, and any sum, paid by the ~'c terans
<br />Administration on ateuunt of ±he guaranty or insurance of the indebtedness secured hers=by, ail of ~chich
<br />shall be included u? the decree of foreclosure.
<br />24. Ef tfre indebt~ztiness secured hereby Ix' guaranteed en• insured under Title 38, United States ('ode,
<br />s?rch'$itle sled Itegu}atiorts issuc+d thereunder attd in ellect o?t the lisle heiaof shat} gov~eru the rights, duties
<br />and liabilities of t}x parties hereto, and any prati-isiotts of this or other instruments executed in cunnt~tiort
<br />with said indebtedness which :n•e inconsistent with said 'title ar hegutations are hereby amended to
<br />conform thereto.
<br />They cavermtttx herein eantaintdl shall bind, and the benefits anti advantages shat} inure tt,,, the
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