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<br />8I--t)027~;~.
<br />6. If he fails to pay any sum or keep any covenant provided fee 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 ifi the principal indebtedness.
<br />t! 7. Upoa request of the Mortgagee, Mortgagor shalt execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for°fhe 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 be secured
<br />hereby an a parity with and as fully as if the advance evidenced thereby were included in the torte-first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for i~jtfte prim=
<br />cipxl indebtedness and shall be payable in approximately equal monthly payments for seen period as may
<br />be agreed upon by the >Vortgagee 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 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 incase 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 mor•t-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; sad 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, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been ..<tade under (a) of paragraph ~ hereaf, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may par' the same. All
<br />insurance shall be carried in companies approved by the Martgagee and the policies and renewals thereof
<br />shall be held by the 1Kmtgagee 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 />gagee, tvho may make proof of loss if not made prcmptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss direct(;- to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance praceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or ho the restoratian ur repair of the property damaged. in event of foreciasure of thi= mortgage, or other
<br />transfer of title to the. martgaged 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. r>s additional and collaterat security fur the payment of the noto described, and all sums to become
<br />due under this mortgage, the Mortgagor het•eby assigns to the Mortgagee ail lease bonuses, profits, reve-
<br />nues, royalties, rights,_and other benefits accruing to the Mvrtgagor under any and all ail and gas leases
<br />now, or during the life of this mortgage, executed on said premises, n°ith the right to receive and receipt
<br />fm• the same aml appl>• them to said indebtedness as well before as after default in the conditions of this
<br />mcu•tgage, and the Martgag+~ may demand, sue foe and recover any such payments when due and pay-
<br />able, but sitall not be required so to -io. This assignment is to terminate euad become !soil attd void upon
<br />release of this rnartgage,
<br />tl. He shall not commit or permit waste; and shall maintain the property in as good cond;'tson as at
<br />present, reasonable near and tear excepted. Upon any failure to su maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performeel ai 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 txcume a part of the indebtedness secured by this instrument, ratably- and on a parity with all
<br />other indebtedness sc~cur€d hereby-, and shall be payable thirty (30) days after demand.
<br />12. If the premises, ar any part thereof, lte condemned under the power of eminent domain, or
<br />accluir€~l for a public use, the damages awarded, the praieeds far the taking of, or the consideration for
<br />such acquisition, to the extent of the fait amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on aceirunt of the last maturing installments of sorb indebtedness.
<br />t:i. If the Mortgagaa• faits to make arty payments when due, or to conform to and comply with any
<br />of the conditions or age€r~ments contained in this mortgage, or the notes nlaicia it secures, thou the
<br />entire principal sum and acct•ued htterest shall at once become-due and payable, xt the election cf the
<br />Ialurtgagee: and this rnartgage easy thereulx~n be foreclosed irnntediately for the whole of the indebted-
<br />n€asa hereby scK.ur~,d, utciudittg the cost of extending the abstract at title ftYrtn fire date of this mort-
<br />gage to the time of conrmenciug such suit, a reasonable attorney's fee, and any sums raid by the Veterans
<br />Adminiatratiuo art xctot:nt of the guaranty at• insurance of the indebtedness secured hereby, a[{ of which
<br />shall lx; itaciuded in the d€~ree of foreciasure.
<br />1~l, If the indt'btedneas secured hereby be guarantc~ecl err insured under'fitle 38, United Mates Code,
<br />such Title and Regulations issutxi thereunder artd in effect aft the date ltsereuf shall govern the rights, duties
<br />stud liabilities of fhe parties hereto, and any provisions of this or ether instruments exc•c:uted in conneet.ian
<br />with said ittdebtedttesa w!tich are incctttsistent with said Title ar Regulations are hereby :attended to
<br />canfarnt tlxeresto.
<br />Tbe covctrratttn herein cgrttairted shall hind, and the l~ntiit.•s and advantages shall inure to, the
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