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<br />. _ _ 82._..{~C13'7'73
<br />4. That should he fail`te pay any sum or keep any covenant provided for in this
<br />Mortgage, then the t°ortgagee, at its option,-may pay or perform the. same, and all
<br />expenditures so made shall be added Lo the principal sum owing on the above note, shall
<br />be secured hereby, and sha]1 bear interest at the rate set 'forth`in the said note, until
<br />paid.
<br />5. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />to;vard the payment of the note-and al sums secured hereby in case of a default-in the
<br />perfnrnar.ce of any of the terms and conditions of this tortgage or the said note, aia
<br />the rents, revenues and income to be derived from the mortgaged pramiszs during uch
<br />tirr~z as the mortgage indebtedness shall remain unpaid; and -the Mortgagee 'shall have
<br />power to appoint any agent-or agents it may desire for the purpose of rzpairing' 'aid
<br />premises and of renting the-sane and<coliecting the :rents;,revenues and income,-ahd'it
<br />may pay out of said incomes al 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, if any, to 6e applied toward tfte discharge of
<br />said nwrtgage indebtedness.
<br />6. That he will Keep the-improvements now existing or hereafter erected on he
<br />mortgaged property, irk ured as may be reQured from time to time: by the`Martgagee
<br />against: loss by firz and other hazards, casual ti es ,and contingencies in :such amounts
<br />and for such 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 nod been made herein-
<br />-. before. All insurance shalt be carried in companies approved by he Mortgagee and *_he
<br />policies and reaewais thereof"sha17`be he7d!by the Mortgagee and havz attached thereto
<br />loss payable clauses in favor of and in fiorm acceptable to the Mortgagee.' In event of
<br />loss Mortgagor will give immediate notice by mail to the'Mortgagee, w++o may make proof
<br />of loss :f'not made promptly oy Mortgagor, and each insurance company concerned'is
<br />hereby authorized and: directesi- to make payment for such loss directly to "the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, ahd the i~isurance`proceeds, pr
<br />any part thereof, maybe applied by the t+sortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair of the prppzrty
<br />damaged. In event of foreclosure of this mortgage or other transfer of title 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 force shall
<br />pass to the purchaser or grantee.
<br />7. That as additional and colla eral seeur~ity for the payment of the note described,
<br />and all sums to-became due .under this' mortgage, the;tAOrtgagor hereby assigns to the
<br />Mortgagee alt profits, revenues, royalties, rights,.and:benefits accruing '; to-the
<br />Mortgagor under`any,and all oil ahd-gas leases on said premises, with the right to
<br />receive and receipt far the same arid`apply'them to'-said indebtedness as we 17 as after
<br />default in the oondi,tions of this mortgage; and the lortgagee maydemand, sue for and
<br />recover any such payments when due and payable, but she U `not be required so to do.
<br />This assignment is to terminate and become null and void upon release ofithis mortgage.
<br />8. That the Mortgagor will keep the buildings upon soil premises in goo6 repair,
<br />and neither conmit nor permit waste upon said land, nor suffer the said premises to be
<br />used for any unlawful purpose.
<br />9. That it the premises, or any part thereof, be condemned under the power of
<br />eminent domain, or ac4uired fora public use, the dar~ages awarded, the proceeds for the
<br />taking of, or the ccnsideration for such acquisition, to the extent of fhe full amount
<br />of indebtedness upon this mortgage and the note which is givzn to secure-remaining unpaid,
<br />are hereby assigned by the t~brtgagor to the Mortgagee, and shaJ'l 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 herein contained shat; bind, anal the benefits and advan~ages shall
<br />insure to, the respective heirs, executors, adminis[rators, successors and assigns of
<br />the parties hereto. Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall be applicable tc all genders.
<br />The foregoing conditions, all and singular, tieing performed according tc their
<br />_ natural and lfgal import, this conveyance shall bz vnid and said premises rel~e>ed at the
<br />f expense of the tfArtgagor; otherwise to be and rerrair, in full farcz ar.ci effect.
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