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<br />~~" B ~f}I'"t 33
<br />4. That should he fail:-to pay any sum or keep any covenant provided far ii? this::
<br />Mortcrage, then the Mortgagee, at its option9 may pay or perform the same., and all
<br />expenditures so made shall be added to the Rrincipai sum ovaing on the above note, >hall
<br />be secured hereby, and sha i 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 app',ied
<br />toward the pay~~~eow of the Hate and till sums secured'. hereby in case of a default in the
<br />perfora?ance of oily of the terms and conditions of this :9artgaae or the. staid note, till:
<br />the'r-eras, revenues and income to be derived from the mortgaged premises during such
<br />time as the mortgage indebtedness shall ren?ain unpaid; and the Mortgagee shall have
<br />poser to-appoint'anv agent gr agents it may desire for the purpose of repairing;sad-
<br />premises.~nd 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 neces ary
<br />cgmmissions and expenses incurred in renting and managing; the time arsd of cgiieCting
<br />rentals therefrom; the. balance remaining, if any, to be appiied`towardsthe discharge of
<br />said mortgage indeb edness,
<br />6. That he will keep the improvements now existing ar hereafter erected an the
<br />mortgaged property, insured as may be required from `time to *_ime by the Mortgagee
<br />against loss by fire and other-hazards,. casualties and contingencies in; such amounts
<br />and'for sack 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. Ali insurance shall be carried in companies: approved by the 1lertgagee and the
<br />policies and renewals thereof shail'be held by the Mortgagee and have attached thereto
<br />lass payable clauses in favor of and in form-acceptable.tg the Mortgagee.. In event of
<br />lass hsorLgagar s~eill give immediate notice by mail to the Mortgagee, who may make proof
<br />of less if not made promptly py Mortgaoar•, 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 t9orLcagor-and the Mortgagee jointiy, and>the,insurance ;proceeds, or
<br />any part thereof, may be applied by the t'brLgagee at its >ription either to th reduction
<br />of Lhe indebtedness hereby secured or to the:restoration or repair of the property
<br />darraged. In event of foreclosure of this mortgage pr other transfer of title to the
<br />mortgaged properly in extinguishment of the indebtedness secured Mereby, all right,
<br />title and interest of the Mortgagor in and to any insurance policies then in .force shall
<br />pass tq the purchaser qr grantee..
<br />T. That as additionai and collateral`security for -the-payment of the note-described,
<br />and alisums to become due under this mortgage, the llartgagor hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />tdnrtaaggr,tinder any and:a7l till and gas Teases ,on said premises,>with the right to
<br />receive and receipt foc the same and apply them to said indebtedness-as wei7'as after:
<br />default in the conditions of thzs mortgages and the P~lortgagee may demand, sue`for and
<br />recover any such payments whendue and: payable, but shall nqt be requiredso to do.
<br />This assignment is to terminate and become nail and void upon release-of this mortgage..
<br />S. Thai the Mortgagor will keep .the buildings upon said premises in good repair,
<br />and neither commit nor permit waste upon said land, nqr suffer the said premises to be'
<br />.:used for any unlawful purpgse.
<br />4. ,That if the premises, ar any, part thereof, be candermed under. the power of
<br />eminent domain, or acquired for a public use, the damages awarded, the proceeds far f,:he
<br />Cakino af, 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 un~7aid,
<br />zre t?ereby assigned by the Mortgagc+r tg the t'brtgagee, and shall" be paid forthwith tq
<br />said '~ortgagee 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 advarvtages shall
<br />insure to, the respective heirs, exec+rtors, administrators, successors and assigns of
<br />the parties hereto. Whenever. used, the singular number shall include the plural, the
<br />plural the Singular, and the use. of any: gender shai°1 be applicable to a11'-genders,
<br />?he foregainq conditions, till and singular, being performed aCCardina tq their
<br />natural anti +egai import, this conveyance sF?ai be void and said premises,reieased at the
<br />expense of *_ne tk>rtgaaor;,otherxise to 'be and remain in fall force and effect.
<br />2
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