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<br />4. That should he fail to pay any sum or keep any covenant provided for in this
<br />Mortgage, then the Mortgagee, at its option, may pay or perform the same, and all
<br />expenditures so made shall be audea to the principal sum owing on the above note, shall
<br />be secured hereby, and shalt, sear interest at the rate set forth in the said note, until
<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 suers 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 />may pay out of said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting
<br />rentals therefrom; the balance remaining, if any, to be applied toward the dischar (le of
<br />•..ti'l lndr t.).tt)r in io�te inc.•.,
<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 />y and for such periods as may be required by the Mortgagee and will
<br />Z pay promptly, when due,
<br />any premiums on such insurance provision for payment of which has not been made herein-
<br />CL before. All insurance shall be carried in companies approved by the Mortgagee and the
<br />us policies and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />loss ►•?ortgagor will give immediate notice by mail to the mortgagee, who may make proof
<br />Z 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 '�Iortgagor and the Mortgagee jointly, and the insurance proceeds, or
<br />Q any part thereof, may 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
<br />0 daTraged. In event of foreclosure of this mortgage or other transfer of title to the
<br />r sort ^aced prCCerty 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 snail
<br />O ;ass to the purchaser or grantee.
<br />7. That as additional and collateral security for the payment of the note described,
<br />and all su ^s to become due under this mortgage, the Mortgagor hereby assigns to the
<br />Mortgagee ail profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises, with the right to
<br />receive and receipt for the saute and apply them to said indebtedness as well as 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 riot be required so to do.
<br />T ^.is assignrrent is to terminate and become null and void upon release of this mortgage.
<br />3. That the Mortgagor will keep the buildings upon said premises in Good repair,
<br />and neither commit nor permit waste upon said land, nor suffer the said premises to be
<br />used for any unlawful purpose.
<br />9. That if the premises, or any part thereof, be condemned under the power of
<br />eTinent domain, or acquired for a public use, the damages awarded, the proceeds for the
<br />taking of, or the consideration for such acquisition, to the extent of the full amount
<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 cote —ants hc�rrsin
<br />insure to, the respective
<br />contained shall bind, and the
<br />heirs,
<br />benefits and advantages s►aall
<br />executors, administrators, successors and issigns of
<br />the lorries hereto, Whenever used, the singular number shall include
<br />sl;,ral the sin tilar, and
<br />the use of any (,*ender shall be
<br />the plural, the
<br />applicable to ail genders.
<br />The f rr r;inr rrrt it.ion,.
<br />'r 'real and ��,,al import,,
<br />all and singular °, beinq
<br />rhi
<br />performed dccordinq to their
<br />"� " °'' '` +f `fir =' {•i ;r ;r
<br />r)nvNydn(;(i ;hall f.tn void
<br />�rrrwi�,rt to era :end remain in
<br />and Said premises released at !_e)r_.
<br />f ll f rce and
<br />U � fft!Gt,
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