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<br />4. That should he-fail:. to pay 'any sum'or keep-any covenant provided for ih this
<br />Mortgage, then the Mortgagee, at its option, may pay or perform the same, and all
<br />expenditures so made shd-ll be added to the prineipal sum owing on the above note, shall
<br />be secured hereby, and sha13`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 tennis and conditions of this {4artgage 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 {~rtgagee'shaTl have
<br />power to appoint any agent or agents it'may desire for the purpose of repairing said
<br />premises aad of rentingthe same and collecting the rents, revenues and income, and it
<br />may pay out of said incomes all expenses of'repairng said premi es and necessary
<br />camrnissians 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 />6. That he-will keep the.:isrprovements now existing or hereafter erected on the
<br />mortgaged>property, insured as may be required from 'ti me to time.. by ±he Mortgagee,
<br />against loss by fire and-other hazards, casualties and contingencies in such amounts
<br />and'far such periods as may be required by the Mortgagee and wi11 pay promptly,;when due,
<br />any premiums on such insurance provision for payment of which has not been made.°herein
<br />before. A l 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 causes in favor of and in form acceptable Lo the Mortgagee, in-event of
<br />loss Mortgagor will giveimmediate notice by mait'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 loss 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 file Mortgagee at its option either to the reduction
<br />of the indebtedness hereby ,secured ar to the restoration or repair of the property
<br />damaged. 'In event of foreclosure of this mortgage or other: transfer of isle 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 or 'grantee:.
<br />7. That as additional and collateral security for the payment of the note described,
<br />and all sues to become .due under this mortgage, the tiartgagor 4~ereby assigns to<the
<br />Mortgagee ail profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and alt ail 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 conditions of this mortgage, and the Mortgagee may demand, sue for and
<br />• recover any. such payments when due and payable, but shad not be required so to do.
<br />Thfs assignarent is to terminate"and become nu11 and void upon release of this mortgage.
<br />8. That the .Mortgagor will;keep the bui3dings 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 unlawfu3 purpose.
<br />9. That if the premises, or any part thereof, be condemned under the. power of
<br />eminent domain, or acquired far a public use, ..the damages awarded,; the proceeds for the
<br />taking of, or the cansideration 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 />safd Mortgagee to be app3ied by, the latter cin account of the next maturing installment
<br />of such indebtedness
<br />:The covenants,lrerein contained shall bind, and the benefits and advantages shall
<br />insure to, the respective heirs, executors, administrators, successors and assigns of
<br />the parties hereto. Whenever used, the singular number shal3 include the plural, tfie
<br />plural the singular, and the use of any gender sha31 be applicable to all genders,
<br />The foregoing conditions, alai and singular, being performed accardina to their
<br />natural and legal iar~ort, this conveyance shall he void and sar"d ,premises released at the
<br />expense of the Mortgagor; otherwise to be and remain in f~il..force and effect.
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