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<br />4. That should he fail to pay any sum or keep any coven n~ provided for in this
<br />.Mortgage, theq the Mortgagee, at its option,, may pay or perform the same,. and a71
<br />expenditures so made shall be-added to the;principaT sum owing'on Lhe above note, shall
<br />be secured hereby, and shall bear interest at the rate sef forth in the 'said note, un*il
<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 />per#armance of any of the terms and conditions of this Mortgage or the said note, al}
<br />the rents, .revenues and income to be derived from the mortgaged premises during such
<br />time as he mortgage indebtedness-shall remain unpaid;-and the ttlortgagee'shalT nave
<br />power to appoint any agent or agents it rrsay desire far Lhe purpose of rewiring saiG
<br />premises and of renting, the same and collecting thee:rents; revenues and income; and it
<br />may-,pay out of said incomes all expenses of repairing said premises and necPSSary
<br />commissions and expenses 'incurred in renting and: managing the sane 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 impravements now existing ©r hereafter erected on the
<br />mortgaged property, insured'as may be required from- ime to time by the 'Mortgagee
<br />against loss by fire and other hazards, casualties and 'contingencies in such amounts
<br />artd for such 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, Ail insurance shall`be carried in companies approved by, the Mortgagee and `the
<br />policies and renewalsthereof"shall be held by the Mortgagee and have attached thereto
<br />loss payab a clauses in favor of and in form accep able to the Mortgagee.; In event of
<br />loss Mortgagor wit] give immediate notfce by .mail to'thQ;t7ortgagee, 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 far such loss directly to-~the Mortgagee
<br />instead of to the'Mortgegor aad the Mortgagee jointly, and-the insuranee proeeeds, or
<br />any part thereof, racy be; applied by ttse Mortgagee at`i soption ei her to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair:cf 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, all right,
<br />title and interest of the Mortgagor in and to any insurance policies then in force'shali
<br />pass to the purchaser or. grantee.
<br />7. That as additional and'collatera3 securii.y for the payment of the note-described,
<br />and all sums to become .due under this mortgage.., the-I9artgagor hereby assigns La the
<br />Mortgagee ail profits, revenues, royalties, rights and benefits accruing to the-
<br />Mortgagor under :any and: ail oil and gas leases on said premises,: with the right to
<br />receive and receipt for .the same and apply them to said ndebtedness as well as after
<br />default in :the conditions of'this mortgage, and the: Mortgagee may demand, sue far and
<br />recover any such•payments'when due and payable, but shall not be required so to do.
<br />This assignaeent is to terminate and become null and void upon- release of this'mortgage.
<br />8. That the:MOrtgagor will keep the buildings upon said premises in goad repair,
<br />and neither commit nor permit waste upon said and, nor suffer the said premises to; be
<br />used for .any. unlawfu3.:purpose...
<br />9. Tfisat if the premises, or any part thereof,. be condemned under the power of
<br />eminent domain, or acquired fora p=,~tc use, the damages awarded, 'the proceeds for the
<br />taking af, ar 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 unpaid,
<br />are hereby assigned by the Mortgagor to the Mortgagee, anG sha11 be paid forthwith to
<br />said Mortgagee to be applied by the letter on .account of the next maturing installment
<br />of such indebtedness
<br />The covenants herein ,contained shall bind, and the benefits and advantages shall
<br />.insure to, the respettive_heirs,-executors, 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 shall be applicable to all,genders.
<br />The foregoing conditions, all and singular, being performed according to their
<br />nawral and legal is~ort, ttsisconveyance shall be va:d and-said premises released at thN
<br />expensr of the Martgagor;'otherwise to be and femain in full force and effect.
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