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<br />` 4, 'that should he fail to pay any sum or keep any eovenant 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 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 />toward 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 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 ont of said incomes all expenses of repairing said premises and necPSSary
<br />cozr¢nissions 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 discharge of
<br />said mortgage indebtedness.
<br />5. That he will keep the improvements now existing or hereafter erected on the
<br />mortgaged property, insured a=~ may be required from tip to time by the Mortgagee
<br />against loss by fire and other hazards, casualties and contingencies in such amounts
<br />and far such periods as may 6e required by the Mortgagee and will pay promptly, When due,
<br />any premiums on such insurance provision far 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 />lass payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />lass 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 toss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or
<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 foreclosure of this mortgage or other transfer of title to the
<br />mortgaged property in extinguishment of the indebtedness secured hereby, a71 right,
<br />title and interest of the Mortgagor in and to any insurance policies then in r'orce shall
<br />pass to the purchaser or grantee.
<br />7. That as additional and collateral security far the payment of the note described,
<br />and all sums to become due under this mortgage, the tortgagor '~ereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefit accruing to the
<br />Mortgagor under any and all oi3 and gas leases on said premises .ith the right to
<br />receive and receipt for the same and apply them to said indebtedress as well as after
<br />default in the conditions of this mortgage, and the t~iortgagee may demand, sue for and
<br />recover any scch payments when due and payable; but shall not be required so to do.
<br />This assignment is to terminate and become nu31 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 commit nor permit waste upon said land, nor suffer the said premises to be
<br />used far any unlaxful pur;:ose.
<br />9. That if the premises, ar arty part thereof, be condemned under the power of
<br />eminent domain, or acquired fora 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 flats mortgage and the note which is given to shcure 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 ]otter on account of the next maturing instal3ment
<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 partie, heret~s. W#-ereever used., the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their
<br />natural and legal import, this. conveyance shall be void and said premises released at the
<br />exper~,e of the Mortgagor; otherwise to be and remain in full force and effect.
<br />Y,
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