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<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 <br />