<br />81----t)(134"7~
<br />6. If he fails to pay any sum ar keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and at} expenditures so made shall be added to the principal sum
<br />owing on the shave 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 or sums advanced by Mortgagee far the 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 on a parity-with and as fully ss if the advance evidenced thereby lucre 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 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 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 noteand a}i sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />tians of this mortgage or the said note, all the rents, revenues and income to be derived from the xriort-
<br />gsged premises during such time as the mortgage indebtedness shall remain unpaid; and the bortgagee
<br />_u •._.._ __o_„~ a...-..-..:_~ ..-....,.~.....• .....,......ta it mar daaira fnr thn m,rrn.a of rnnkinn the a~mn and rnl_
<br />Feeling the rents, revenues and income, and it may pay out of said incomes a}i necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to ice applied toward the discharge of said tortgage indebtedness.
<br />9. Ffe tviti continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />tray from time to time reaelire, on the improvements now or hereafter on said premises and except when
<br />• payment for ail such premiums has theretofore been made under (a) of paragraph 2 hereof, viii pay
<br />promptlp when due any= premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved Fly the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto foss 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, who may make ]travf cf }ass if not made promptly }xy Mortgagor, and each insurance company eon-
<br />cerned is hereby authorized and dire. ted to make payment far such loss dirr~etty to the Mortgagee instead
<br />of to the ~lortgagarui`~the bl3rtgagee jointly, and the insurance pnxerds. or any part thet•eof,
<br />may be applied by the 11'(ortgagee at its option either to the reduction of the indebtedness hereby secured
<br />ar to the restoration or,tei~ir of the property damaged. }n event of foreclosure cC this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, ail
<br />riglst, title and interest of the Mortgagor in and to any insurance paBeiea then in foeee shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security fot• the payment of the note described, and ail sums to become
<br />due under this mortgage, tlu Mortgagor hereby assigns to the biortgagr~r~ ail least bonus}'s, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and ail oil and gas [eases
<br />note, or daring the life ot• this mrrtgage, rxts:uteri on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well lxsfore as after iletault itt the conditions of this
<br />mortgage, and the biartgagee may demand, sue far and recover any such payments lrhen due and pay-
<br />able, but shall Hat be required so to do. This assigxtmeut is to terminate and become Holt and void upon
<br />release of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasaetable wear and tear excepted. Upon any failure to sa maintain, Mortgagee, at its option,
<br />may cause reasa:tabu maintenance work to be performed at the cast of Mortgagor. Any amounts paid
<br />therefor by Martgage•e shall liar interest at the rate provided for in the principal indebtedness, snail
<br />thereupon bE~came a part of the indebtedness secured by this instrument, raGtbly and on a parity with ail
<br />other indebtedness secured hereby, and shall be payable thirty {30) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the potvrr of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, or the consic}oration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness soured by this
<br />xnartgage, or hereity assigned to the Mortgagee, and snail be paid forthwith tcx said Mortgagee, to 6e
<br />applied on acwunt of !hr tact maturing installments of such indebtedness.
<br />13. If the Mortgagor fails to make any payments when due, or to conform to and comply tt•ith any
<br />of the conditions or agreements contained in this mortgage, or the notes eahich it secures, then the
<br />entire principal sum and accrued interest shall at once become due anct payable, at khe election of the
<br />Aortgagee; and this mortgage may thereupon be fo~•~closed ittintetiiately for the whale of the indebted-
<br />- ttea8 hereby st~ured, inclut~ing the coat of extending the abstract of title felon Lhe <}ate of this mort-
<br />gagestathe time of camntetmingsuch suit, a reasonable attorney's fe~c:, and any sums paid by cite ~`eterans
<br />Admiaiatration an account of the guaranty or insurance of the indebtedness secured hereby, al! of trhieh
<br />shall be included in the decra*e of foreclosure.
<br />lA. If the indebtedness secured hereby be guaranteed ar insun~cl under Title 3t3, t.%xtited Status f ode,
<br />surh'i't~tlo and IiegulRtians issued t}tereunder-and in effect nn t}ie date hereof shall govern the rights, duties
<br />and )i~iiiities of the partiee hereto,-and any pravisians of this or ot}ier instruments executed in cannrctian
<br />with aAid uui~Le[lti4gtet whicFi are. incaitsatent with said Title or Ftegulations tier, herekty amended to
<br />cet~ortn thereto:
<br />fine ctrverrxatlta het~ut coniairted snail bind,. and the taeneflts and advantages shah inure ta, the
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