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<br />4. That should he fail 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 all
<br />expenditures so made shall be added to the'principai 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 />taeard 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'condtions of this 14ortgage or the said note, all
<br />ttle`rents, revenues and-income t~ be derived from the mortgaged; premises durinq.,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 out of-said incomes all expenses of repairing said:-premises and necPSSary
<br />: commissions aid expenses 'incurred in renting and managing he same: and of"col}ecting
<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 erec ed on the
<br />mortgaged property, insured as may be required from time 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 be required'by the Mortgagee and will pay promptly,'when due,
<br />any premiums on"such insurance provision for payment of which has hot been made°herein-
<br />before. All insurance shall be c>;irried-in companies approved by the'Mortgagee and the
<br />policies `and renewals thereof shall be held by the'Mortganee and have attached thereto
<br />.doss payable clauses in favdr of and in form accep able to the Mortgagee. In event of"
<br />:loss Mortgagor stiill give immediate notice by mail to the tortgagee, who may_make propf
<br />of"loss 'f not made promptly by Mortgagor, and each'nsurance 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 he insurance proceeds;, or
<br />any,part thereof, may be applied by the tortgagee at its option either to. the reduction
<br />of` he 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 ti le 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 asadditional and collateral security for-the payment of the note described,
<br />and all sums to become due under this mortgage,-the Mortgagor'fiereby assigns to the
<br />Mortgagee all profits, revenues., royalties, rights and benefiis'accruing fo the
<br />Mortgagor under any and `:all oil and gas leases on said-premises, with the right-to
<br />receive and receipt for`the same ana_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, butshall:not be required so o do.
<br />This assignment is to terminate and become hull 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 uffer the said premises to be --
<br />used forany unlawful ;purpose:....
<br />9. That if the premises, or any. part.`thereof,"be condemned under the power of
<br />eminent dgmain, or acquired fora public use, Lhe damages awarded, the proceedsrfor tha
<br />taking of,-or the consideration for such acquisition, to the extent of the full amount
<br />of indebtedness upon his 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 />said Mortgagee to be applied by the latter pn 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 respective heirs`, executors,;administratprs, 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 appiicable,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 />expense of the Mortgagor; otherwise to be and remain in full force and. effect.
<br />
<br />SL.
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