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<br />r 4. That should he fail to pay any sum or keep any covenant provided for in this
<br />Nlartgage, then the tortgagee, at its option, may pay or perform the same, and all
<br />experEditiares so made shall be added to the principal sum owing on the above note, shall
<br />. be secured hereby, and shall bear 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 />tasvard the payment of the note and all sums secured hereby in case of a default in the
<br />performance of any of the terms and conditions of this t9ortgage or the said note, all
<br />the runts, revenues and incoa~ to be derived from the mortgaged premises during such
<br />time as the mortgage indebtedness shall remain unpaid; and the tortgagee 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 naa^~ging the same and of collecting
<br />rentals therefrom; the balance remaining, if any, to be applied toward the discharge of
<br />said mortgage indebtedness.
<br />6. That he wail keep the improvements nova 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 t•4ortgagee and will pay promptly, trhen 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 Mortgagee and the
<br />policies and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />toss payable clauses in favor of and in fyrm acceptable to the Mortgagee. In event of
<br />loss i~scrtgagor :Pill give immediate notice by mail to the tortgagee, 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 tortgagor and the Ptortaagee jointly, and the insurance proceeds, or
<br />any part thereo°, 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 />damaged. In event of fareclasure of this mortgage or other transfer of title to the
<br />mortgaged property in extinguishment of +he indebtedness secured hereby, all right,
<br />title and interest of the Mortgagor in and to any insurance policies then in force shall
<br />pass to the purchaser or grantee.
<br />7. That as additional and collateral security for the payment of the note described,
<br />and all sums to become due under this mortgage, the tortgagor hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and alt oil and. gas leases an said premises, with the right to
<br />receive and receipt for the same anal apply them to said indebtedness as we11 as after
<br />default in ttte conditions of this mortgage, and the 1~lortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be required so to do.
<br />This assignrtrent is to terminate and becand null and void upon release of this mortcage.
<br />8. 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 far env unlawful purpose.
<br />9. That if the premises, or any part thereof, be condemned under the power cf
<br />eminent. domain, or acquired fora public use, the damages awarded, the proceeds for the
<br />taking of, or the consideration for such aequisitian, to the extent of the full amount
<br />of indebtedness upon this mortgage and the note which is given to secure rema#ning unpaid,
<br />are. hereby assigned by the Mortgagor to the Mortgagee, and sha17 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 sha71 bind, and the benefits and advantages shall
<br />. insure to, the respective heirs, executors, administrators, successors and assicrns of
<br />the Aartie5 herwto, t~het}eyrar ~ICayf 4.yn c~innul'u m~a rh311 l .r., ti,, t,.-..i a.,.
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<br />plural the. singular, and. the use of any gender shall be applicable to all genders.
<br />'the fox•egoing conditions, all and singu}ar, being performed according to their
<br />naturgl and legal import, thfs conveyance shall be void and said premises released at the
<br />e,pense of the-Mortgagor; otherwsise to be and remain. in full force and effect.
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