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<br />i 3. -The Mortgagor will pay all taxes-which may be levied upon the Mgrtgages's
<br />~ interest in said zeal.-estate and improvements,-and which may-be levied upon-this mortgage
<br />y nr theta debt secured hereby (but only to the extent that such is not prohibited by law-and
<br />only to the exte;at that such will not make: this. loan usurious).. but excluding.any-incoaae
<br />-tax, State: or Federal, imposed on Mortgagee,. and trill fire the official receipt showing
<br />such payment with the Mortgagee, -Upon violation of this undertaking,-or if the Mortgagor
<br />is'prohibitea by any law now or hereafter existing from paying the-Whole or any portion of
<br />the-aforesaid taxes, or upon the rendering of aiey court decree prohibiting 'the-payment by
<br />.the Mortgagor or any. such taxes, ar if such law ar decree provides- that any amount so paid by.
<br />the Mortgagor shall be cre8ited c+n the mortgage debt, the Mortgagee shall have the right to
<br />-give ninety hays` written notice- to the owner of the mortgaged premises, requiring the
<br />payment'-af the mortgages debt. If such notice be given, the said debt shall 'become-.due,
<br />payable and collectible at the expiration of said ninety days.
<br />4. That should he fail to pay any sum or keep-any covenant provided for im this
<br />Mortgage, then the Mortgagee, at its option,. may pay or perform the same, and all eacpenditures
<br />so made shall be added to the principal sum awing on the above note; shall be secured hereby;;
<br />and stall bear interest at the rate set forth in the said note, until paid.
<br />_ 5. That 2~ hereby assigns, transfers a~ sets over to the Mortgagee, to he-agpli:ed
<br />to~erd the payment of-the note and all sums secured. hereby in case of a default-in the
<br />performance of any of the teams and cozulitians of this Mortgage or the said-note, all the
<br />rents, revenues and income to be derived from the a~rtgaged premises during such time as
<br />the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have power to appoint
<br />any agent or agents it may desire for the purpose of repairing said premises and of renting
<br />the same and collecting the rents, revenues and income, and it may pay osat of said incomes
<br />all expenses of repairing said premises and necessary commissions and expenses incurred in
<br />renti~ and managing the same and of collecting rentals therefrom; the balance remaining, if
<br />any, to be applied toward the discharge of said mortgage indebtedness.
<br />6. That he will keep the improvoments now existing or hereafter erected on the
<br />mortgaged property, Snouted as-may be required from time to time by-the Mortgagee against
<br />loss by fire grad other haaards: casualties and contingencies in such amounts and for such
<br />periods as may be required by the Mortgagee and will pay promptly, when due, any premiums
<br />an such insurance provision far payment of which has-not been made hereinbefore. All
<br />3naurance shall be carried in companies approved by the Mortgagee and the policies and
<br />renewals thereof shall be held by-the Mortgagee and have attached thereto loss payable
<br />clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor
<br />-will: give mediate notice by mail to the Mortgagee, who may make proof of logs if not
<br />made promptly. by Mortgagor, and each insurance company concerned is hereby authorised and
<br />directed to make payment far such loss directly to the Mortgagee Snstead of to the Mortgagor
<br />and the Mortgagee jointly, and ..the insurance proce€cls, or any part thereof, may be applied
<br />lay the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or tc the restarption ar repair of the property damaged. In event of foreclosure of this
<br />m<srtgmmge or other transfer of title to the mortgaged.property in extinguishment of the
<br />indebtedness aeawced hereby, all right, title and interest of the Mortgagor in and to-any
<br />insurance policies then in farce shall pass to the purchaser or grantee.
<br />7, '14Mt a9 additional and collateral security for the payment of the note deacribec
<br />and all: suwaa to,beaa0e due under this mortgage, the Mortgagor hereby assigns to the Mortgagee
<br />alE,pxofitar revenues, royalties, rights acxi benefits accruing to the Mortgagor under any
<br />and:ali..oil azxl gas leases on said premises, with the right to receive and receipt for the
<br />sat[ssaa~-apply them to said indebtedness as well as after default in the conditions of this
<br />,mnrtgasle, atui the Mortgagee may de~aand, sue far and recover any such payments when due grad
<br />p(cyabc7e,- but shall. not lie required so to do. This assiganaent is to terminate grad beceme null
<br />and void upon release of this mortgage.
<br />° "'tat the ik+.rtq+ager will knflu the building upon said premises in good repair,
<br />aad n~tther #t-nor permit waste upon said land, nor suffer the sa ixl praniaes to be used
<br />fs:r air. unlawful. puspcase.
<br />9. That if the prescisea, or aay part thereof, be condemned under th~_ drawer of
<br />ew Rent daw-ia, in acgutrecl for a public use, the. daeages awarded, the proceeds r'or rhea
<br />iakizcg of , ~ ~,ba caiasSd+eratitaa fur soh acquisition, to the extent of the full amount
<br />of indebted3tesa z tbia mtart+gag« ara3 this motto rahich is given to, secure. remaining .unpaid,
<br />arc hereby aasi~axel by the Mcxctgagcr ca tare tA~artgctgee. and shall be paid forthwith to said
<br />Nurtgague t,o he ap~rli«d by floe latter as aci~cxucat of the nsx} maturing.. Snstailment oaf such
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