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<br />82~t1U2679
<br />4. That should he fail to pay any sum or keep ahy covenant provided for ih this
<br />Mortgage, then the i~tortgagee, at its opt ion, may pay or perform the Same, andall
<br />expenditures so made shall be added to the principal sum owing on the above note, shall
<br />be Secured hereby, and shall bear interest at the rate =5 et 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 suers secured heri>by in case of a default in *_he
<br />performance of any of the terms and conditions of this Mortgage 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 unpaii• and the t~iortgagee-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 ouf of said incomes all expenses of repairing, said premises and necPSsary
<br />comnissians and expenses incurred in renting ar~d r'.anagina the Sarre and of collecting
<br />rentals therefrom; the balance remaining, if any, to Ge applied toward the 'discharge of
<br />said mortgage indebtedness.
<br />5. That he will keep the improve men±s now existing or hereafter erecteC on the
<br />mortgaged property, insured as may be required from time to time by the '4crtg3gee
<br />against loss by fire and other hazards, casualties and contingencies in such amounts
<br />and for such periods as may be required ~y the ["ortGagee and will pay promptly, when due,
<br />any premiums on such insurance provision for payment cf which has not been made herein-
<br />before. All insurance si:all be carried in companies approved by the Mortgagee and the
<br />policies and renewals thereof steal] be i:eld by the Mortganee and f~ave attached theretc
<br />loss payable clauses in favor of and in four, acceptable to the Mortgagee. ?n event of
<br />loss Mortgagor will give immediate notice by :nail to the [4ortgagee, who may make proof
<br />of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authorized and directed *_o make pa.rment for such loss directly to the Mortgagee
<br />tnstend of to the "lortgagor and the riortga9ee jointly, and the insurance proceeds, or
<br />any partthereof, may be applied by the A'ortga4ee at its option either to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair of the property
<br />damaged. In Brent of foreclosure of this raw rtgage or other transfer of title to the
<br />mortgaged property in extinguishment of the indebtedness secured hereby, al? right,
<br />title and interest of [he Mortgagor in and to any insurance policies then in force shai1
<br />pass to the purchaser ar grantee.
<br />7, That as additional and collateral security for the payR>Pnt of the note described,
<br />and a}1 sums to become due under this morteaae, the [tur;;gagor hereby assigns to the
<br />Mortgagee ail profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas teases on said premises, with the right *_a
<br />rMefve and recript for the same and apply Lhem to said indebtedness as well as after
<br />default in the conditions of this mortgage, and Lhe FZOrtgaoee may demand, sue far and
<br />rtcover any such payments rri~en due and payable, but shall not he required sc to do.
<br />Th1s assignaent is to terminate and become null and void upon release of this mortgage.
<br />9. That the Mortgagor will keep the buildings upon said premises in goad repair,
<br />and neithtr commit nor permit waste upon said land, nor suffer the said premises to be
<br />used for any unlarful purpose.
<br />9. That if the premises. or any part thereof, be corrder.~ed under the poser of
<br />erinent domain, or acquired fora public use, the damages awarded, the proceeds for the
<br />taking of, or the Consideration for such acquisition, to the extent of the full a;nount
<br />of indebtedness upon this mortgage and *_he Hate which is given to secure remaining unpaid,
<br />ar! hereby assigned by the Mortgagor to the ^brtgagee, artd shalt 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 advantages >ha11
<br />ie-sort to, the respective heirs, executors, administrators, uccossors and assigns cf
<br />the parties hereto. whenever used, the singular number shall include the plural, the
<br />plural tt~! singu}ar. and the useaf any gender shall be app;icable to .all genders.
<br />The foregoing aonxiitions, a}l and singular, being ,~erfertned according to their
<br />1tsLUra} and logo}i~ort, this ~nveyariCe shall be void and said premises released at the
<br />ea~BetlSe- of the Mortgagor; otherwise to be and remain it foil fCr~e and effect.
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