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<br />4. That should he fail to pay any sew or keen any covenant provided for in this
<br />Art±gage, then Lhe Pfiortgagee, at its option, may pay or perform the same, and ail
<br />exile+sdturFS so made shall be added to the principal sum owing on the above note, shall
<br />!se se~<:ured hereby, an'd shall bear interest at the rate set forth in the said note, until
<br />paid.,
<br />S9 `that he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />tsma~^d the payment of the note and all sums secured hereby in case of a default in the
<br />perfesrmance of any of the terms and conditions of this Mortgage or the said note, 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 Mortgagee shall have
<br />potaeaR 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 and income, and it
<br />may pay out of said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of caiiecting
<br />rentals therefrom; the balance remaining, if any, to be applied toward the discharge of
<br />said mortgage indebtedness..
<br />6. That he will keep the improvements now existing or hereafter erected on the
<br />mortgaged property, insured as may be required from time to time by the P+[ortgagee
<br />again;s loss by Fire and other hazards, casualties 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 not been made herein-
<br />before. Aril insurance shall be carried in companies approved by the Mortgagee and the
<br />pa}ides and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />lass payable clauses in favor of and in form acceptable Lo the Mortgagee. In event of
<br />lots P~rjrtnag4r will give i'diate notice by mail to the P•tortgag2e; who_may make proof
<br />ofaloss if no made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the MMortgagor and the Mortgagee jointly, and the insurance proceeds, or
<br />any part thereof, rray be applied by the Mortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or t.o the restoration or repair of the property
<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 fnterest 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 co3lateral security for the pay~r~ent of the note described,
<br />and. all sums to beeorne due under this mortgage, the tortgagor hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and. all oil arsd gas leases on said premises, with Lhe right to
<br />receive and receipt for the same anal apply them to said indebtedness as well as after
<br />default in the conditions of this mortgage, and the Mortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be required so to do.
<br />This assignment is to terminate and become null and void upon release of this mortgage.
<br />8. That the Mortgagor will keep the huildings upon said premises in good repair,
<br />3hd neither commit nor permit resets upon said land, nor suffer the said premises to be
<br />used for easy unlawful purpose.
<br />9. That if the premises, or any part thereof, be condemned under the power of
<br />eminent domain, or acquired for a publie use, the damages awarded, the proceeds for ~`se
<br />taking af, or the consideration for such acquisition, to the extent of the full amount
<br />of indebtedness. upon this mortgage and the note which is given to secure remaining unpaid,
<br />are hereby assigned by the Mortgagor to the Mortgagee, and shalt be paid forthwith to
<br />said Pdor*_gayee to be applied by the latter on account of the next maturing installment
<br />of such indebtedness
<br />'fie c3venants herein contained shall bind, and the benefits and advantages shall
<br />insure t0, thQ respettive 31L+iY'sy e24eGUtorS, ad[^ini5tratot5, Sh1tCe5SOrs and d5S1gnS of
<br />the parties h8ret3. Whenever used, the singular number shratl include the- plural, the
<br />plural the singular, anti the use of any gender shall be applicable to ail genders.
<br />The farecsaing corsditions,.al1 and singular, being performed aecording to their
<br />nata:rzl and legal import, this: conveyance shall be void and said premises releas€d at the
<br />exgeose o€ the.Mor4tagor; otherwise to be arsd remain in full force and effect..
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