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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 />expendi ures so made shall be added to the principal sum awing on the abpve note, shall
<br />be secured hereby, and shalt bear interest at the rate set forth in the said note, unti`T
<br />• Raid.
<br />5. That-he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />toward the payment of the note and ail sums secured hereby in case of a default in the-
<br />performance of any of the terms and conditions of this t~lortyaae or the said note, a11'
<br />the rents., revehues and income to be derived from the mortgayed'premi'ses during such;
<br />tine as the-mortgage indetatedness shall remain unpaid; and the htortga'gee shall"have..
<br />pawer'to appoint ahy ayent or agents it may desire fdr the purpdse 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 incon~s aTl expenses of repairing said premises and necessary
<br />comunissipns ahd expenses incurred n'renting and managing the same and of collecting
<br />rentals-`therefrom; the balance remaining, if any,. to be applied toward the discharge of
<br />sold mortgage indebtedness.
<br />o-That he will keep the improvements now existing ar hereafter erected on the
<br />mortgaged property, insured as may be required from time to time by the`htortgagee
<br />against loss by fire`and ether hazards, casualties and contingencies in such amounts `
<br />and €ar such periods as may be required by the Mdrtgagee and will pay promptly;_when-due,
<br />any premiums bn such insurance provision for payment of which has not been made herein-
<br />before. All ihsurance-shall be carried in companies approved by the Mortgagee and the
<br />policies and renewals thereof shall be held by the P~lartgagee andhaveattached whereto
<br />loss payable clauses-in favor of and in form acceptable Lo the t+lortgagee; In event of
<br />loss Mortgagor will give immediate notice by mail to the ftortgayee, who-may make proof
<br />of toss if not made promptly by Mortgagor, and each insurance company concerned is
<br />-hereby authorized ard_drec ed to make payment for'such oss directly to the Mortgagee
<br />ihstead of to the Mortgagor and the Mortgagee jarntty, and the insurance;proceeds, or
<br />any part thereof, may be app led by the hl~rtgagee at its option either to the reduction
<br />of the indebtedness hereby. secured ar to the restcrati'on pr repair of the property
<br />damaged, to event of'forechsvre of this;mortgage'or other transfer of title to the
<br />mortgaged property in extinguishment of the indebtedness secured `hereby, ail right,
<br />title and interest of the Mortgagor in and to any insurance polcies,then in force shall
<br />pass to he purchaser'or grantee.
<br />7. That as additional and collateral security far the payment of-the note described;
<br />gad all sums to become due under this mortgage, Lne Mortgagor hereby assigns to the
<br />Mortgagee alI prafits,,revenues, roya ties, rights and benefits accruing>ta the
<br />Mortgagor under any and all oil and yas leases an said premises, with the right to
<br />receive and receipt for the same ahd apply them to said indebtedness as, well as after
<br />default in the conditions of'this mortgage,. and the',iortgagee may demand; sue for and
<br />-recover any such payments when. due and payab]e, but shalt'not be required so to; do,-
<br />This assignment is tb terminate and became null and uoid upon release of-.this mortgaye:
<br />8._ That the Mortgagor will keep:: the buildings upon said premises in yoad 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 />4. That if the premises, or any-part thereof, be condemned under the power-of
<br />eminent docain, ar acquired for a public use., the damages awarded, the proceeds for the
<br />taking of, or the consideration far-such acguisitip~, to the extent of the full amount ;
<br />rdebtedness uaon this mortgage and the no e which is giroen to ecure remaining unpaid,
<br />are hereby assigned by.the Mortgayor to the Mortgagee, and shall be paid-forthwith to "
<br />said tortgagee to he applied by the latter on account of the next-maturing installment_
<br />of such indebtedness
<br />The covenants herein contained sha7T bind, and the benefi s-and advantages shall
<br />insure tn, the respective heirs, executors; adminis rotors, successors and assigns of
<br />tha parties hereto. t~henever used, the singular number shall include the plural, the
<br />plural the singu}ar, and the; use of any gender sha l be applicable to all genders.
<br />ire foregoing conditions,-all and singular, being performed according to their
<br />ratura? and ]egad import, this-conveyance shall be void and, said premises released at the
<br />[ expense of the .~rartgagvr, atherrise to be and remain in full force and efr'ect.
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