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<br />4. That should he-fail to-pay any sum or keep any covenant provided for in this
<br />Mortgage, then"the tortgagee, at its option,"may pay or perform the same, and all
<br />expenditures so made shall be added to the principal sum or~ing on the above.-note, shall-
<br />be 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,Mortgagee; to be applied
<br />toward-the payment of the-note-and-all sums secured Hereby-in case of a default in the
<br />performance of any of the terms and conditions of this t4ort9age-or-the said note,"all
<br />-the rents, revenues and income- to be derived from the"mortgaged premises during such
<br />s time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have -.
<br />-power to appoint any agent dr agents it inay desire for-the purpose of repairing'said
<br />premises and of renting the same and collecting-the _rents;'revenues ahd income; and it°
<br />may pay out of said incomes all-expenses of repairing--said premises arid-necPSSary
<br />commisfiions-and expenses incurred in'rend ng and.managirig the`same and'of collecting
<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: Mortgagee
<br />.,against loss by fire and other hazards, casualties and contingencies:in sucFi amounts
<br />-and for such periods as. may be;requi-red: by the Mortgagee and will pay_promptly, when due,
<br />-any-premiums on-such insurance-pr-ovi-s ion for-payment-of-which--has not-:been-made-here-i-n- - ,--
<br />before.- All insurance":shall 6e carried in companies approved by-the Mortgagee and the.-
<br />y 9 _ hed thereto
<br />PossCpayab-le claus~essinhfavor ofaandbenhfodrm aceeetable-toethenMortva eetacIn-event of -
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<br />.loss-Mortgagor iJiTl give immediate notice by mail. to-the-Mortgagee; who may: make proof
<br />of loss if not made promp ly by_Mortgagor, and-each i-nsurance-cbmpany concerned is
<br />hereby authorized and directed to make payment for such loss: directly td the Mortgagee
<br />instead of to-the Mortgagor and -the. Mortgagee 'jointly ,-=and the insurance proceeds, or
<br />-;.any part-thereof, may .tie applied by ..the Mortgagee at":its bption'either to the reduction
<br />of the indebtedness hereby'secured on to .the restoration.or repair:of the property
<br />damaged:. In event of foi~eclosure.of this mortgage or--other transfer of title to the
<br />mortgaged property in extinguishment of_the indebtedness secured:here6y, all-night, _,
<br />title and interest'of the hlortoa9or in and to any insrrance policies-then in-force shall
<br />pass to the purchaser or gra nee.
<br />7. That as additional and collateral security for the payment of the note_descrihed,
<br />and ail _s-ums to become due under this mortgage, the Mortgagor hereby assigns to the
<br />Portgagee all profits', revenues, royalties, righCs and benefits accruing to the
<br />Mortgagor-..-under-any and all oil and gas leases on said premises., wi±h the right to
<br />receive-and reee-pi fnr the same.-and--apply them to said indebtedness=as-well- as-after-
<br />default'.in the conditions of this mortgage; and the`P1ortgagee may demand, sue-far and
<br />recover any such payments when"due-and payable, but"shall' not be .required so to dot
<br />This assignment is- to_terminate end become nuU and void upon release of_this mortgage.
<br />8. Tfiat the Mortgagor will keep the buildings upon said premises in good repair, - -
<br />ahd neither comni.t nor permit waste-upon-said land; nor suffer the said premises to be'
<br />used for any tin lawful Purpose. -'
<br />9. That if the .premises, or any part thereof, be condemned under the power of
<br />eminent-domain; or acquired for a public use,'the damages awarded, the proceeds'--for the
<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 shall he-paid forthwith fo
<br />said Mortgagee to-be applied by'the latter on account of the next maturing installment-
<br />of such<,indebtedness
<br />The-covenants her-tin contairiud sliail :;ind, and the~b'enPfiGS and advantages 5!"gall
<br />insure to;=the r25psctive hei-cs, executors, admini-s-t-ru-tors, su~eessoa-s and assigns of
<br />the parties hereto. Whenever used, the singular number shall include the plural, the
<br />plural the. singular,-and the use .of any lender shall-6e appiicatile to all genders.
<br />The foregoing conditions, ail and singular,.-:.being performed-accordino to their
<br />natural and legal import;- this `conveyance shalt be void-and said prernises+releascd at the
<br />expense of the ,Mortgagor; ptherwise to be and,remain in full force and effect.
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