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<br />4. Tha* should he ;ail .to pay 'any sum or keep any `covenant provided far in 2nis
<br />~lortga3e, then the f4ortgagee, at its option; may pay or perform the same,, and all
<br />r expenditures so made sha11 be added to the principal sum :owing on'the above note, sha11
<br />{ be =_ecured 'Hereby, and shall 'bear interest at the rate set forth in the said note, until
<br />paid.
<br />5. That he hereby assghs, transfers and sets aver to the 'Mortgagee, to be applied
<br />tps+ard the paylhent of-the 'note and all sums secured hereby in case pf ~ default in the
<br />'performance of ,any of 'the-.terms and-conditions of this Mortgage or the said note, a?i
<br />the rents, re•~enues and income to be derived r`rom he mortgaged premises daring sugh
<br />ticse as the nortgage-indebtedness sha11'req~ain unpaid;. and the tilortga9ee shall have
<br />poever to appoirsL any agent or agents it may desire for the purpose of repairiri~ said
<br />premises and of renting the same and collecting the rents; revenues and income, and it
<br />may oay out of said incomes all expenses of repairing said premises and necPSSary
<br />commissions and expenses incurred in renting and managing the same and of collecting
<br />.rentals therefrom; the balance remaining, i'f any, to be°applied toward the discharge of
<br />said mortgageeindeb2edness.
<br />6. That he will keel the improvements:now existing pr hereafter erected on"the
<br />momtgaged pr~perty,,:nsured as may pe required from time to time by the Mortgagee
<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 Ptortgagee:.and will' pay promptly, when due,
<br />any premiums'on such insurance provision far payment of which has not been made herein-
<br />before.:: All insurance shall be carried in companiesapproved 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 fever of and in farm acceptable'to the Mortgagee: In event of
<br />loss Mortgagor will give irunediate notice by mail to the 1'lortgagee, who may crake proof
<br />of loss if not made prompt y by lortgagar, and each insurance company concerned is
<br />hereby authorized and directed to make payment car such-loss directly to; the Mortgagee
<br />instead of tv the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or
<br />.:any part thereof, may be applied by the Mortgagee at its option either tc the reduction
<br />of the indebtedness hereby secured ar to the restoration or repair of tFie property
<br />daatratfed In event of foreclosure of this mortgage.or other transfer of ti`.le a the
<br />mortgaged property in extinguishment of the indebtedness secured hereby, all right,
<br />title and interest of the Mortgagor in and to any ";nsurance 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 morL9ay.:, the Mortgagor hereby assigns to the
<br />hbrtgagee alt profits, revenues, royalties,-rights and benefits'accrunq to the
<br />Moaltgagor under any-and all bil and gas leases on said premises, with the right:. to
<br />receive and receipt for the same and apply them to said indebtedness as will as after..
<br />default in the=conditions of-this rtx3rtgage, and the riortgagee may demand, sue ..:for and
<br />recover any such payments when due and payable, but shall not pe required so to da,
<br />:This assignment is to'terminate and becomx null and void upor: release pf this-mortgage:.
<br />8.' That the Mortgagor will keep the truildings upon sa?d premises in good repair,
<br />and neither commit nor permit waste upon said lan6, nor suffer the said premises to be
<br />used for any unlawful ,purpose.
<br />9. That if the premises, or any part thecae€, be condemned: under the powet of
<br />eminent dorrain, 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 amousit
<br />of indebtedness upon this mortgage and the note which is given tc secure remaining unpaid,
<br />are hereby assigned. by tne:d^brtgagar to the Mortgagee, and shall be paid forthwith to
<br />said Pbrtgagee to be applied by the latter-on account of he next maturing nstallr:~ent
<br />of such indebtedness
<br />The covenants her-ein eontained;shall'bind, and the benefits and advantages shall
<br />• insure to, the respective heirs, executers, administrators, succzssors and assigns of
<br />the parties.hereto. tJheneve;^ used, Che singular nu~rber shall include the plural, the....
<br />plural *_ne singular, and the use of:ary gender shall be applicable to all genders.
<br />The foregoing conditions., all and singular, being peefarmed aceordina to their
<br />nature? ar,d legal iuipprt, *.his conveyance shall de void and said premises released at the
<br />expanse of t!3e 14grtgagar; othi'rwise 'LO be and remain ?n full force and effect.
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