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<br />4. That should he fait 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 alt
<br />expenditures So made shalt be added. to the principal sum owing on the above Hate, shall
<br />be secured hereby, and shall bear interest at the rate set forth in the said note, until
<br />paid.
<br />S. That he iroereby assigns, transfers and sets aver to the Mortgagee, to be applied
<br />toward Lhe payment of the note and alt sums secured hereby in case of a default in the
<br />performance of any of the terms and conditions of this t•1ortgage or the said Hate, ail
<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 t~fartgagee 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 />ca>rsnissions and expenses incurred in renting and r,•,anaging 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 will keep the improvements now existing or hereafter erected on the
<br />mortgaged property, insured as may be required from titre to time by the Mortgagee
<br />against lass by fire and other hazards, casualties and contingencies in such amounts
<br />and far such periods as may be required by the Mortgagee and will pay promptly, when due,
<br />any premiums on such insurance prouision for payment of which has Hat been made herein-
<br />before. Ali 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 />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />lass t~rtgagar will give idiate notice by mail to the Mortgagee, who may make pronf
<br />of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />trereby authorised and directed to make payment for such lass directly to the Mortgagee
<br />instead of to the t~ortgagar and the Mortgagee jointly, and the insurance proceeds, ar
<br />any part thereof, may be applied by the ?•lortgagee 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 farecios~re 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
<br />pass to the purchaser ar grantee.
<br />7. That as additional and collateral security for the payment of the note described,
<br />and ail sums to become due under this mortgage, the Mortgagor hereby assigns to the
<br />Nbrtgagee all 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 far the same and apply them to said indebtedness as well as after
<br />default in the eonditians of this rxtrtgage, aad the Mortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be required sa to da.
<br />This assignment is to terminate and became null and void upon release of this mortgage.
<br />8. That the Mortgagor will keep the buildings upon said premises in good repair,
<br />and neither catsrrcit nor permit waste upon said land, nor suffer the said premises to be
<br />used far any unlawful purpose. -
<br />9. That if the premises, ar any part thereof, be condemned under the power of
<br />eminent domain, ar acquired fora public use, the damages awarded, the proceeds for the
<br />taking af, or the consideration for such acquisition,. to the extent of the fu31 amount
<br />of indebtedness upon this mortgage and the note which is given to secure remaining unpaid,
<br />are hereby assigned by the hkrrtgagar to the Mortgagee, and shall be paid forthwith to
<br />said Mortgagee to be applied by the tatter on account of the next maturing installrre nt
<br />of such indebtedness.
<br />'the covenants herein contained shall bind., anal the benefits and advantages shall
<br />insure Lo, the respective heirs, executors, administrators, successors and assigns of
<br />the parties hereto. ldhenever used., the singular number shalt include the plural, the
<br />plural the Singular, anu tine iis$ of a'rey ajendcr Shall bL' applirahie to all genders.
<br />The 'aregoing conditions, a4T and singular, being performed according to their
<br />natural and legal im~rort, this canveyanc2 shall be void and said premises released at the
<br />er~erse cf the Mortgagor; otherwise to be and remain in full force and effect..
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