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<br />A. That should he fail to pay any sum or keep any covenanT. provided for iri this
<br />Mortgage, then the Mortgagee, at its option, may pay or perform the same, and all
<br />expenditures so made shall be added to the principal sum owing on the above note, shall
<br />6e secured hereby, and shall bear interest at the rate set forth in the said Hate, 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 />performance of any of the terms and conditions of this ?~?ortgage or the said note, a':l
<br />the. rents, revenues and income to be deri~.~ed from the mortcaged premises during such
<br />time as the mortgage indebtedness shall remain unpaid; and the t~lortga~ee sna11 have
<br />power to appoint any anent or agents it may desire for the purpase of repairing said
<br />premises and df renting the same and collecting the rents, revenues and income, and it
<br />may pay out of said income=. all expenses of repairing said premises and necFSSary
<br />commissions and expenses incurred in renting and managing the same. and of collecting
<br />rentals therefrom; the balance remainine, if any, to be applied toward the discharge of
<br />said mortgage indebtedness.
<br />6. That he ~:+ill keep the improvements no~.•r existing or hereafter erected on the
<br />mortgaged property, insured as may be required from time to time by the tortgagee
<br />against toss'by fire and otter hazards, casualties and contingencies in such amounts
<br />and for such periods as may be required by the Mortgagee and wilt pay pre~ptly, when due,
<br />any premiums on such insurance provisicn for payment of which has ndt been. made".Herein- `
<br />before. A11 insurance shall be carried in companies approved by the Mortgagee and the
<br />policies and renearals thereof shall be held by the Mortgagee and have attached thereto
<br />loss payable clauses. in favor of and in formacceptable to the Mortgagee. In event of
<br />loss hior±gagor will give immediate notice by mail to the Flprtgagee, who mpy make proof
<br />of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby auihorized and directed to make payment for such loss directly t~ the Mortgagee
<br />instead of to the itortcagor ar.d the '°~ortaa9ee jointly, and the insurance ^roceeds, or
<br />any part thereof, may be applied by the 1ertg3gee at its optipn either to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair of the property
<br />damaged. In'event ~f foreclosure of this mortgage or other transfer of"±itle to t!`~
<br />mortgaged property in extinguishment of the indebtedness secured hereby, all right,
<br />title and interest of the "lortgagor in and to any insurance poYicies then in force shal";
<br />pass to the purchaser cr grantee.
<br />7. That as additional and'coilateral security far the payment of tfie note described,
<br />and all sums to beco~.,e due under this mortgage, the tlgr• gacor hereby assigns.to the
<br />Mortgagee-all profits, revenues, royalties, rights and benefits accruing to the
<br />Mprtgagor under any and all oil and gas leases on said premises, wi h the right to
<br />receive and receipt for the same and apply them to said'. indebtedness as well as after •
<br />default in the conditions of this mortgage, and the Alortgagee may demand, sue for and
<br />recover any such payr^ents when due and payable,_but shall not be required-so to do.
<br />This assiohment is to terminate and become null and void upon release of this mortgage.
<br />8. That the ?-tortgagor will keep the buildings upon said premisPS in good repair,`
<br />and neither commit nor permit waste-upon said Tand, nor sgffer the said premises to be -
<br />used for any, unlawful purpose.-
<br />9. Than if the premises, or any part thereof, be condemned under the poivar of
<br />eminent dorrtain, or acquired for a public use, the damages aararded, the proceeds for thee.
<br />taking of, or the donsideration for such acquisition, to the extent of the fvll amount'
<br />of indebtedness upon this mortgage and the note which is given to secure remaining unpaid,
<br />are hereby assigned by the Mortgzgor to-the 1ortgagee, and shall be paid forth+ith 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 shall bind.. and tfie benefits and advantaces shall.
<br />insure to, the respective heirs, executors., administra ors, successors and assigns of
<br />the parties hereto. :dhenever used, the singular number shall include the plural, the.
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their
<br />natural and legal import, this conveyance shall be void and said premises released at the
<br />expense of the Plortganor; otherwise to be and remmainrn full force and effect.
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