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<br />4. That should he fail to pay any sum or keep any covehant provided for in this
<br />Mortgage, then the fortgagee, at its option, may pay or perform the same ,;and all
<br />expenditures so made shalt 6e added o the principa) sum owing om the above note; shall
<br />be. secured hereby, and shall bear interest at the rate set forth'n 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 sums secured hereby in case of a default in the
<br />performance of any of the terms and conditions of this Flortgade 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 shali'reman unpaid; and Lhe Mortgaggee-shall !lave
<br />power to>appaint 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 ovt of said incomes all expenses of repairi'n9 said premises and necPSSary
<br />commissions and 'expenses incurred in renting and managing the same and of collecting
<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 erected on the
<br />mortgaged property, insured as may be required from time to time'by the Mortgaoee
<br />against loss by fire-and other hazards, casualties and contingencies in such amounts
<br />and for such periods as may be required by the Mor gagee and will day promptly, when due,
<br />any premiums on `such insurance provision far paymeht of 'which-has not been made heren-
<br />before. All insurance shall be carried in companies approved by the Mortgagee and the
<br />policies and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />loss payable clauses in'favor of and in form acceptable to the Mortgagee. In-event of
<br />loss Mortgagor will give immediate notice by mail to the Mortgagee, who-may make proof
<br />of loss i'f not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authorized and directed to maKe paymen`or such loss directly to the Mortgagee
<br />instead of'to the Mortgagor and the Mortgagee jointly, and .the insurance proceeds, or
<br />any part thereof,: may be applied by the P•lortgagee at its option either to the reduc ior,
<br />of the indebtedness hereby secured or to the-restoration or repair of the property
<br />damaged. In event of 'foreclosure of this morfgage or other transfer of ti le to the
<br />rtortgaged property in ex inguishment 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 as additional and collateral security for the payment of the note described,
<br />and all sums to become due under this mortgage, the Mortgagor herebyassigns to 'the
<br />Mortgagee all profits ,revenues,. royalties, rights and benefits accruing ap the
<br />Mortgagor under any and ::all oil and gas leases on said premises, wish the right to
<br />receive anal receipt for the same and apply them to staid indebtedness as well as after
<br />default in the conditions of this mortgage, and the Fortgagee may: demand, sue for and
<br />recover any such payrrwnts when due and payable; but shall not be required so to do.
<br />This assignment is to terminate and become nuT and void upon release of this mortgage.-
<br />8. That the mortgagor will keep the bui3dings upon said premises in good repair,
<br />and neither commit nor permit waste upon said land, nor suffer the said promises 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 domain, ar acquired fora public use, the damages awarded,,the proeeeds for the
<br />taking of, or the consideration far such acquisition, 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 tc *_he 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 here-in contained shall bind, and the benefits and advantages shall
<br />insure to, the respective-heirs ,'executors, administrators, successors and :assigns of''
<br />the parties hereto. lJhenever used, the singular number shall include the p oral, the
<br />plural the singular, and the use of any gender snail be applicable to all genders.
<br />The foregoing ccnditions, all and .singular, being perfiarmed according to their
<br />natural and legal impart, this conveyance shall be void and said premises released at the
<br />expense of the t'brtgagor; otherwise to be and remain ,in full foree and effect.
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