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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 principal sum owing on. the above no e, shall
<br />be secured hereby, and ;hal,l bear interest at the rate set forth in the."said note, until
<br />paid. .. .;:~_
<br />S. 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 no e, all
<br />the rents, revenues and income to be derived fromthe'mortgaged premises during such-
<br />time as the mortgage fnoebtedness shah remain;unpaid;.and the i~tortgagee shall have
<br />power to appoint any agent or agents it may desire for the purpose ofrepairing-said
<br />premises and of renting the same and'collectng the rents,-revenues and income; and it'
<br />may pay out of said incomes all expenses-of repairing said"premises and necessary
<br />commissions and expenses incurred in renting and-managing he same and of collecting
<br />rentals..therefrom; the. balance remaining, if any, to be applied; toward the di'scnarge of
<br />said mortgage indebtedness.
<br />6. That he will keep the improvements now existing or'hereafter erected 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 contngeneies in-such amounts
<br />and for such periods as'may be requred'by the`Mortgagee and will pay promptly',,when due,
<br />any premiums on such insurance: provision for payment of which has not been made'fierein-'
<br />before. All insurance shall be carried in'companies,approved by'the Mortgagee and the
<br />policies and renewals thereof'sha1T be head by the Mortgagee and have attached`thereto-
<br />loss payable clauses in 'favor of and in-form accep able to the Mortgagee. In event of`
<br />loss Mortgagor will give immediate notice by mail to the i-0ortgagee, who may make proof
<br />of'loss if rtot made promptly by Mortgagor, .and each insurance company concerned"is
<br />hereby authorized and directed to make. payment for such loss directly to he Mortgagee
<br />instead of to the. Mortgagor: and the Mortgageejointly, and, the insurance proceeds, or'
<br />a:ny part thereof, may be applied by the Mortgagee at its option ether_to the-reduction
<br />of'the ndebtedness.hereby secured or to fhe restoration or repair of the property
<br />:damaged. In event of foreclosure of this mortgage or other 'transfer of title Lo, the
<br />mortgaged property in extingui hment of the indebtedness secured hereby,. all right,
<br />title and interest of he Mortgagor'in and to any,insurance'policiesthen in force shall}
<br />:pass to' he purchaser or grantee.
<br />]. That as`additionaT and collateral secur:°_y far the payment of-the note .described,
<br />Nand all sums to become°due under this-:mortgage, the`14ortgagor hereby assigns to he
<br />Mortgagee:-ail profits, revenues, roya `ties,, rights and benefits accruing, to the
<br />Mortgagor undew`any and'all oil'and gas ceases on:-said;premises,.with the right to
<br />reteive and receipt for'the same and apply-them to said indebtedness as well as after
<br />defautt in the conditions of this mortgage, and i:he'Mortgagee may demand ,'sue-:for and
<br />recover any such payments when due and payable, but shall not be required'so to`do.
<br />-This assignment'is to terminate and become null and void upon release of tfii ,mortgage,
<br />8. That the Mortgagor Kiil 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 for any unlawful purpose,
<br />9. That if the premises, or any part hereof,'be condemned .under .the power. of
<br />eminent domain, or acquired for a public use, the damages awarded, the ,proceeds for the
<br />taking af, or the consider tin!? for s';,~h acquisitiori,,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 />said Mortgagee 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 advararages shall
<br />insure to, the respective 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 perforrned according to their
<br />natural and legal import,. this conveyance shall be void and'said premises released at the
<br />E expense of the Mortgagor; atheraaise to be and remain in fu}l force and effect.
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