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<br />82--t) 13774
<br />4. That should he fail to pay any sum or keep any, covenant provided forein this
<br />Mortgage, *_hen the tortgagee, at its option, may pay or perform the same; and all
<br />`expendi*_ures so made shall be added o the pr;ncipal sum owing on the above note, shall
<br />be secured hereby, and shall bear interest at the ra e set forth in the said note, cntil
<br />paid.
<br />5. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />toe;ard the payment of the note'and all sums secured hereby in case of a default ih the
<br />perfcr;~ance of .any of the terms and condi ions of this tlortge9e;or the said note; all
<br />the rents, revenues and incomz to be .derived from the mortgaged premises' during ,such
<br />dime as the mortgage indab"edness shall remain unpaid; and-the Mortgagee shall have '
<br />power_ta appoint any agent Ur agents it may desire for the-purpose of repairing aid
<br />premises and of renting the same and collecting the-rents;. revenues and income, and it
<br />may pay ouL of-said ncou~s all expenses of repairing said-premises and'necPSSary
<br />commissicns and expenses incurred"in`renting and managing the same. and of collectrnq
<br />rehtals therefrom; the. balance remaining, if any, 'to be applied toward thz discharge of
<br />said r::ortgage indeb edness.
<br />o. `Flat he will keep the improvements haw existing nr°hereafter erected on the,
<br />mortgaged property, insured as may be reyuired from time d time by the Mortgagee
<br />against loss by fire and other hazards, casualties and contingencies in such amounts
<br />and for such periods'a~ may be-required by'the Mortyagee and will pay promp )y, when due,
<br />any premiums on'such insurance provision for payment of which has not been node herein-
<br />befare. All insurance shall be carried in companies approved by the Mortgagee and tyre
<br />policies and renewals hereof shall be held by the t+ortgacree and have attached thereto
<br />lnss payable clauses in favor of and in form acceptable Lo he Mortgayee. in event of
<br />.lass Mortgagor will give immediate notice by_mail-to the Mortgagee; who`may make 'proof
<br />of lass if not-anode promptly by ;M~rtgagor, and each insurance company concerned is
<br />hereby authorized and directed to make payment for .such-loss directly 4o<the Mortgagee
<br />instead:of to the Mortgagor and the Mortgagee jointly, and'the insurance proceeds., ar
<br />any part. thereof, may be applied by the Mortgagee'at its option either to the-reduction
<br />of the indebtedness hereby secured or to the restoration or repafr of therproperty
<br />damaged. to.event of foreclosure of his mprtgage pr other transfer of title to the
<br />mortgaged'property in extinguishment of the indebtedness secured hereby, ,all right „
<br />title and interest of he Mortgagor`ih and to any insurance policies then"in t'or•ce cshail
<br />class to, the purchaseror grantee.
<br />L That as additional and collateral security for the payment of the note described,
<br />and ail sums-to become due under this-mortgage, the t4ortgagcr hereby assigns to the
<br />Mortgagee all prbfits, revenues, royalties, riyhts and benefits accruing 'to the
<br />Mortgagor under any and all oil and gas leases on said premises, with the right to
<br />.receive and receipt for'the same and apply hem to aid indebtedness as well as after
<br />default in the conditions of this martgage,,and the dortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be<reyuired'so to do.
<br />This assignment is to terminate and_hecome null and>void upon release of this mortgage.
<br />S. That the i~fortga.gor will keep-the buildings upon said premises in good repair,
<br />and neither commit par,permit waste-:upon said land, nor suffer the said premises to be
<br />used for- any unlawful ,purpose.
<br />9. That if the premises, or any part thereof, be condemned under the power of
<br />eminent domain, or acquired fora ~u61ic use,'the darcages awarded,: the proceeds'for'the
<br />taking of, or the consideration for such acquisition, iro the extent of the foil amount
<br />of indebtedness upon this mortgage and the ante which is given to secure remaining ur,patid,
<br />are hereby assignad ~y the Mortgagor'to the-Mortgagee, and hall be pair. forthwith to
<br />said Mortgagee to be applied by the latter on account of the next maturino installmier,t
<br />of such indebtedness J
<br />The covenants herein contained shall bind, and the benefits and advant~ices-shall
<br />insure to, the respective Heirs, executors, administrators, successors ono assigns rf
<br />the parties hereto. i:her,ever used, the singular numbershall ibclude'the ,^.lura the
<br />plural the singular, and the use of any ,ender shall be applicable-to all genders.
<br />The fcreacing conditions, all and singular, being per€ormed-accardina to their
<br />natural and legal i;port, this conveyance shall be void and.:said"premises releasea at the
<br />exrensa of the htort,agcr; c'then.~isz to be and remain in full force. and e~fect.
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