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<br />4. That should he fail to pay any sum or keep any covenant provided far in this
<br />Mortgage, then the t4ortgagee, 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 note.,. until"
<br />paid.
<br />5, That he hereby assigns, transfers and sets over to the P4ortgagee, to be apalied
<br />tos•+ard the payment of the. note and all sums secured hereby in case of a default iri the
<br />performance of any of the terms and conditions ar this t~!ortgace or the said nbte, all
<br />the rents, revenues and income to be derived from the mortgaged premises during such
<br />time as the mortgage indebtedness shall remain unpaid; and the P•lartgagee shall have
<br />power 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 attd income, and it
<br />may pay out of said incomes alt expenses of repairing said premises. and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting
<br />rentals therefrom; the balance remair,ina, if any, to be apa7ied toward the discharge of
<br />said mortgage indebtedness.
<br />6. That"he sail? keep the improvements noo-r existing or-hereafter erected on the
<br />mortgaged property, insured as may be required tram tir^~e to time by the tlcrtoagee
<br />against loss by fire and other hazards, casualties and contingencies in such ambunts
<br />.and for such periods as may be required by the itortgagee and will pay oromptly, when due,
<br />any premiums on such insurance provision for payment of whic:`i has riot been ~:~ade herein-
<br />before. All insurance shall be carried in companies approved by the Mortgagee and the
<br />palicies and renewals thereat hall_ be Weld by the Martgaree and have attached thereto
<br />loss payable clauses in favor of and in form acceptable. to the '•'ortcagee. In event of
<br />doss Mortgagor :vill give immediate notic° by mail to the Mortgagee, who may make-praof
<br />of loss if not made promptly. by P4ortgaobr, and'each insurance. compamr concerned is
<br />hereby authorized and directed to make payment-for such loss direc~ly to the Martcagee
<br />instead of to the hlor°gagor and the Martnagee jgintly, and the insurance proceeds,' or
<br />any part thereof, may be applied by the ?•lortgzcee at its option either to the reductian
<br />of the indebtedness hereby secured or to the restoration or repair of the proaerty
<br />damaged. In event of fbreclasure of this martgace or other transfew of title to the
<br />mgrtgaged property in extinguishment of the indebtedness secured hereby, ail right,
<br />title and interest of-the Mortgagor in and to any insurance policies then in .force shall'
<br />pass to the. purchase rar-gratttee:
<br />7. That as additional and collateral security for the payment of the hate'described,
<br />and all sums to become due under this mortgage, the 1'ortgagar• hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />P4ortgagcr under any and 'all oil and gas teases on said premises, •rrith 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 flortgagee may demand, ue for and
<br />recover any such payments':ehen due and payab e, but shal`I not be required so to do.
<br />This assigniaent is to terminate and become null an d. void upon release of this mortgage.
<br />8. That the ortgagor will keep the buildings upon said premises in good-repair,
<br />,and neithem commit nor permit waste upon said lard, nor suffer the said premises is be
<br />:.used forpny unlawful purpose. -
<br />9. That if the premises, or any part thereof, be condemned under the po:•rer of
<br />eminent domain, or acquired for a public use, the damages awarded, the :proceeds for the
<br />taking of; or the consideration for such acquisition, o the extent of the full amount
<br />of indebtedness upon this mortgage and the rote which is given to secure remaining unpaid;
<br />are hereby assigtted by the Mortgagor to the Mortgagee; and shall be'paitl forthwith to-
<br />said Ptortgagee to 6e applied by the latter on account df the next maturing installment
<br />of such indebtedness
<br />The covenants herein contained shall bind, and the benefits and advantages-shalt:
<br />insure_ta, .the respective heirs, executors, administrators, successors and assigns os
<br />the parties hereto. Whenever Used, the singular number shall include the plural, the
<br />plural the singular, and the use of any Wender shall be applicable tp a17 genders..
<br />The foregoing conditions, all. and singular, being performed according tq their
<br />natural and legal import, tots conveyance shall be void and said premises released at the
<br />expense of the Portgagor; otherwise to be and remain in full force and effect.
<br />2
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