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<br />4. That should he fai l to pay any sum or keep any covenant O2 `4V `
<br />Mortgage, then the 'Mortgagee, at its option, may provided for in this
<br />expenditures so made shall be added to the � y pay or perform the same, and all
<br />be secured hereby, and shall bear interest at� the prate uset wforthninh the bsaid nnote, suntil
<br />Paid.
<br />5. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />toward the payment of" the note and all suips secured hereby in case of a default in the
<br />performance of any of the terms and conditions of this Mortgage or the said note, all
<br />the rents, revenues and income to be derived from the mortgaged premises during such
<br />time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have
<br />Power to appoint any agent or agents it may desire for the purpose of repairing said
<br />premises and of renting the same and collecting the rents, revenues and income, and it
<br />y
<br />ma pay out of said incomes all expenses of repairing said
<br />commissions and expenses incurred in renting and managing the esamesanddofecollecting
<br />rentals therefrom; the balance remaining, if any, to be applied toward the discharge of
<br />said mortgage indebtedness.
<br />6. That he will keep the improvements now existing or hereafter erected on the
<br />mortgaged property, insured as may be required from time to time by the Mortgagee
<br />against loss by fire and other hazards, casualties and contingencies in such amounts
<br />and for such periods as may be required by the Mortgagee and will pay promptly, when due,
<br />any premiums on such insurance provision for payment of which has not been made herein -
<br />before. All insurance shall be carried in companies approved by the Policies and renewals thereof shall be held by the Mortgagee and haveMattached thereto
<br />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof
<br />Of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, g 9 ,l y, and the insurance proceeds, or
<br />any part thereof, Tay be applied by the Mortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair of the property Z
<br />damaged. In event of foreclosure of this mortgage or other transfer of title to the
<br />mortgaged property in extinguishment of the indebtedness secured hereby, all right,
<br />title and interest of the Mortgagor in and to any insurance policies then in force shall rT
<br />Pass to the purchaser or grantee.
<br />7. That as additional and collateral se ?
<br />and all sums to become due under this mortgage, the tortgagoraherebyoassignsoto thecribed C
<br />Mortgagee all profits, revenues, royalties, riqhts and benefits accruing to the n`
<br />Mortgagor under any and all oil and gas leases on said
<br />premises,
<br />receive and receipt for the same and apply them to said indebtedness hashwellgas after '
<br />default in the conditions of this mortgage, and the Mortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be required so to do.
<br />This assignment is to terminate and become null and void upon release of this mortgage.
<br />8. That the Mortgagor will keep the buildings upon said remises i
<br />and neither commit nor - permit waste upon said land, nor suffer the said n good repair,
<br />used for any unlawful purpose. premises to be r
<br />That if the �
<br />9• premises, or any part thereof, be condemned under the power of
<br />eminent domain, or acquired for a public use, the damages awarded the
<br />procees for
<br />taking of, or the consideration for such acquisition, to the extent of the full amounts
<br />of indebtedness upon this mortgage and the note which is given to secure remaining unpaid,
<br />are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to
<br />said Mortgagee to be applied by the latter on account of the next maturing installment
<br />of such indebtedness
<br />The covenants herein contained shall bind, and the benefits and advantages shall
<br />insure to, the respective heirs, executors, administrators, successors and assigns of
<br />the parties hereto. Whenever used, the singular number shill include the plural, the
<br />Plural the singular, and the use of any slender shall be applicable to ail genders.
<br />The foregoing conditions, all and singular, being performed according to their
<br />natural and legal impart, this conveyance shall be void and said premises released at the
<br />expense of the Mortgagor; otherwise to be and remain in full force and effect.
<br />7
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