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<br />4. TF~at shculd he fail *_o pay any sum ar deep any covenant provided for in this
<br />Mortgage, Lhen the taertgagee, a*. its option, may pay or perform the same, and all
<br />expenditures so made shall be added to she ;principal sum owing on the above n0te,snall
<br />be secured hereoy, and shall bear interest at the rate set forth in the said note, uhtil
<br />paid.
<br />5. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />to;vard tt~e payr~nt of the note and all sums secured hereby in case of a default in the
<br />performance of any of the terns and candiLons of this Mortgaoe ow the said note'; alri
<br />the rents, revenues and incav~e to be derived from the: mortgaged premises during such
<br />time as the mortgage indebtedness shalt remain unpaid; and 'the tortgagee shall have
<br />po+ver 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 nay out of said incomes alr expenses of repairing said premises and necPSSary
<br />corranissions 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 />o". That he ~:vi71 keep tha improvements now existing or hereafter erected nn the
<br />mortgaged praper~y, insured as ...may be required frbm time tc time by the Mortgagee
<br />.against lass by"fire and other hazards, casualties and contingencies in-such amouhts
<br />and for sueh periods as 'may be required by the Mortgagee and will'pay promptly, when due,
<br />any premiums on such insurance provision for payment of which has not been: made herein-
<br />before. 'All insuran;e`shail be carried in companies`-apprgved by the Mortgagee and the
<br />policies and renewals thereof'shall be'heid Gy the fAc~rtgaree and have attached theretc
<br />less payable clauses in savor of and in form acceptable to the Mortgagee. In event of
<br />loss Mortgagor will give immediate hatice by atoll to the Mortgagee, who may make proof
<br />of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authori2ed and-directed'to make: payr~nt for 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 5e applied by ttte hlartgagee at-its option either to the reduction
<br />of Lhe indebtedness hereby secured or to the restoration or repair of the property
<br />damaged. 'In event of foreclosure of this mortgage or other transfer of title to-the
<br />mortgaged property in'extingui,shmenf`of the indebtedness secured hereby, all right,
<br />title and ineerest of the Mortgagor in and to any insurance policies then ~n force shall
<br />pass tc the purchaser or grantee.
<br />7. That as additional and collateral secar-ity for the payment of the note described,
<br />and all sums to Gecome due under this mortgage. ttie Mortgagor hereby assigns to the
<br />Mortgagee all profits, revenues. royalties, rights and benefits accruing'io the
<br />Mortgagor under any and all oil and gas Teases on said premises, with the `right to
<br />reteive an d_ receipt far the same and apply Lhem to said indebtedness as well as after
<br />default in the conditions of this rx,rtgage, and the i~tartgagee may demand,.ssie for ar,d
<br />recover any such payments when due and payable, but shall hot be required so tc do.
<br />This assignment is to terminate and became null and void upon release of this mortgage.
<br />S. That the Mortgagor will keep Lhe buildings upon said premises in good repair,
<br />and neither commit nor pe nnit waste upon said land, nor suffer the said premises to be
<br />used for any unlawful purpose.
<br />g. That if the premises, er ary part thereof, be condemned under tr'e paver of
<br />eminent domain, or acquired fora public use, the damages aiaarded, the proceeds for the
<br />taking of, or the consideration for such acquisition, to the extent of the`fu31 amount
<br />of indebtedness upon this mortgage and the »ate which is given to_secure remaining unpaid,
<br />are hereby assigned by the Mortgagor to the Mortgagee, and shall be, paid forthwith to
<br />said Mortgagee to be applied by the latter oh account of the next maturing instalim~ent
<br />of such indebtedness
<br />The covenanLS herein contained shall bind, and Lhe benefits and-advantages s;;all
<br />insure ta, the respective heirs, executors, administrators, successors and assigns :,f
<br />the par*_ies hereto. Nhenever used, the singular nu.~S~er shall zncTUde the `plural, the
<br />plural Lhe singular, and Lhe use of ary gender shall be applicable ,to all genders.
<br />The fa regaing cendi*_ions, all and singular, owing ;,erfar;~d according Lo their
<br />natural and legal impart, this conveyance shall be void and said premises released at tha
<br />L expense of the Mortgagor; ntherwis~ to be and remain in fu?1 `orce and effect.
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