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<br />. ti.
<br />$~=~Q27:0.1
<br />4.: That should he fair to pay any sum'dr keep-any covenant provided "or- in tills
<br />Mdrtgage, then the tAartgagee at its pption; may pay or perform the seams, ahd-all'
<br />exaenditures so made shall be-added to the'principai suer owing,on the abdve note, sha1T
<br />be secured hereby, and shall bear interest.at the rate set forth in `the said ndte, until
<br />paid.
<br />S. That he hereby assigns, _ransfers grad sets over to the Mortgagee, to be applied
<br />t0waard the payr~nt of`the note and aTl sums secured hereby in case of a default in the
<br />perfo rnaante of .any of the Lerms and tandi dns of this t~lortgage'or the said note, all
<br />the rents, revenues and incoaaae to belderf-v~d from 'the raaortgaged premises'during such
<br />time as the mortgage indebtedness shall remain unpaid; and-the llertgagee shall have
<br />power to appfliht any agent ar agents it may desrr for the purpose of'reoairing.said
<br />premises and of renting the same and coileeting the rents, revenues and income, and it
<br />may pay aui of said i~tames all expenses of repairing said ;premises and netPSSary
<br />caT~missians and expenses incurred in renting-and i?3anaging:the sai>~ znd of collecting
<br />rentals therUfrom; thebalance remaining, if any, td be applied toward the di°sc7iarge of
<br />said mortgage irdebteflness.
<br />b. That he wi;T keep the improvements now exis~ingar hereafter ;rested en the
<br />mortgaged property, insured as may be required frnan time to tia~ by the !Mortgagee
<br />against loss by fire and ath?r hazards, casualties and tontingericies in such ;mounts
<br />and for such periods as irray be required by the :+iortgagee and will pay promptly, ,ahem due,
<br />any premiums on such insurance provision for payment of which has not been made herein-
<br />be'ore. All insurance shall t+e carried in ~or-nani,es approved by the P'ortgayee and the
<br />po]'iC7e5 and renewals therecaf shall be held by the t#~ortga<iee and have attached theretc
<br />Loss payable clauses in favor of and in forr; acceptable to"the'Mortgacee. Tn went of
<br />Toss ?9ortgagor wo]7 giYe immediate notice l?y ~a*1 `to the3~ortgagee, who -way make proof
<br />of Toss if mat made promptly by "lortgagor, and each insurance company concerned is
<br />hereby authorised and directed to basks paltn~,nC for such 1.055 dtrectly.to trio tMOrtca,ee
<br />instead of to the !~ortgagor and :the `4or±:ogee jointly, and the insurance proceeds, or
<br />any part. thereof, may ba anpl'ied by the 'roa-Lgagee at its option either to the reG;;ctior,
<br />of the indebtedness hereby secared or to tht restoration or repair of the property
<br />damaged. In evert of foreC]ost,re of this „;tirtgage or ocher 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 =once wall
<br />pass ±o the purchaser or grantee..
<br />1. That as additional and collateral secur:.y for the payment of the note described,
<br />and all surass to become due under this ~rtgae, the Flortganar hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and a]1 aiT and gas ;eases on said ;remises, with the right to
<br />receive and receipt for the same and apply theca to said indebtedness as well as after
<br />default in the conditions of this martgac~ , and the Mortgagee may remand, sue :for and
<br />recover any such payments «hen due and payable, but shall rzot be required so to`do.
<br />Tic assignment is tc terminate and become null and vcid upon release of this mortgage.
<br />$. That the iortgagor will keep tine buildings .,pan said premises in goad repair,
<br />and neither tosmit nor aer,nit waste upon said Tar.d, nor suffer the said prenaisesto be
<br />used far any unlawful purpose.
<br />9. That if the premises, or any part thereof, be condemned under the oowver of
<br />eminent domain, or acquired fur a public use, the damages awarded, the proceeds for the
<br />taking of, or the consideration for such acquisition, fo the extent or" the YuiT ar,~unt
<br />of indebtedness upon this-mortgage and the nose which is given to secure remaining unpaid,
<br />are hereby assigned Dy tine Mortgagor to the ~!ortgagee, acid sha]] be paid fcrthwith to
<br />said Mortgagee to be applied by the latter an account of the next maturing ir,stai]ment
<br />of such indeatedness
<br />The covenants herein contained staalT wind, and the benefits and advantaces shall
<br />insure ta, the respective !weirs, executors, ad-winistra tors, successors and assigns of
<br />the parties hereto. i:henever used, the singular number shall include the plural; the
<br />plural Lhe sinyular, and the use of any sender snall'be applicable'LO all genders,
<br />The foregoing conditions, a7T and sineu]ar, being ;~erfiarmed atcaa-dinq to their
<br />natural and Tegal import, this conveyance s!ai1 be void and said premises reledsed•at the
<br />expense of the Portgagor; otherwise to he and reseals in fall forte and 2f'ec:.
<br />2
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