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4. That should he fail to pay ariy sum or keep any covenant provided for in this
<br />Mortgage, then the Mortgagee, at its option, may pay or perform the same, and alt
<br />expenditures so made shall be added to the principal sum or•~ing on the above note, shall
<br />be secured hereby, and shat} 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 ahy of the terms and conditions of this fortgage or the said-note, all
<br />the rents, revenues and income to be derived fir•cin the mortgayed premises during-such
<br />time as, the mortgage indebtedness-shall rerirain unpaid; and the Mortgagee 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 and income,-and it
<br />may,pay out of said incomes all- expenses of repairing said premises and necessary
<br />commissions and expenses-incurred ih renting and managing the same and of collecting
<br />rentals therefrom; the balance remai-Wing, if any, to be app!?ed toward fhe 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 sontingencies in-such amounts,
<br />-and for sucki periods as may be required,by-the Mortgagee and will-tiay promptly; when due,
<br />any .premiums on such insurance provision for payment of o-+hich has not been made herein-
<br />- before. -All insurance shall be carried in companies approved by the tortgagee acid-the
<br />poll-cies_and -rener•+als -thereof shall. be held 6_y the_hlortganee and have- attached--Thereto _-
<br />-loss-payable clauses in favor of -and in-form acceptable to the tortgagee. In-event of
<br />loss Portgagor riill give immediate-notice by mail to the Mortgagee, viho may make proof
<br />of loss if-not made, promptly-by Mortgagor-,..and-each insurance company concerned is _.
<br />hereby authorized and directed to make payi~znt for such-loss directly to the tlortyacee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance. proceeds, or
<br />ahy part thereof, may be applied by the t•?ortyayee at-its option either to-the reduction
<br />of the indebtedness hereby secured or to-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, a11. right,
<br />Title and interest of the Mortgagor in and to any insw-ance policies then in' force shall
<br />-pass to the pur;:iraser or grantee.,-
<br />- J. That as. additional and collateral-security for--the payment of -the note descrit,ad,
<br />and all sums to become due under this mortgage, the Mortgagor herehy assigns to the
<br />Mortgagee all profits, revenues,,royalties, rights ,and behefits accruing to the
<br />tgorLyagor under an`/ and all oil at~tl gas-leases on said premis'es,'-With the rigrit_to
<br />reCaive-gird-receipt for the same and apply them to said indebtedness as-veil as after
<br />default--in.-the-conditions-of this mortgage, and the Mortgagee.may demand, sue for and
<br />recover ahy such pa~r~oehts when due and payable;'but shall-not be required.so to do.
<br />-- -< -
<br />This assignment is to terminate and become hull and void upon release of this mortgage: -
<br />8. That the Mortgagor will keep the buildings upon said premises in good repair,
<br />and neither corrunit nor permit waste upon said land, no; suffer the said premises to be
<br />used for any unlavrful purpose.
<br />9. That if the premises, or any part thereof, be condemned-under the power of
<br />eminent domain; or acquired fora putllic use, Ehe damages awarded,-the proceeds far the
<br />taking of, or the consideration for such acquisition, to the extent of the full ariruunt
<br />of indebtedness upon this mortgage and the note Which is_yiven to secure remaining-unpaid,
<br />are hereby assigned by the Mortgagor to -the h1ortgagee, and shall be paid forthwith to
<br />said Mortgagee to be applied by the latter on account of the next maturing installment
<br />of such indebtedness
<br />Thy covenants harem cpntained shall hint!,-anil the boned-ts and advantages s-hall
<br />insure-to; the respective heirs, executors ,.administrators; successors and assigns of
<br />Cho parties hereto. IJtienever-used, the singular number shall include. the plural; the
<br />plural the singular, and tfie use of any gen~3er shall be applicable to alT°genders.-
<br />-.The fpregoirig eonilitions, all--and sinyular,;being,perfornkd accordirh to their
<br />naEural and legal impart;-'this cohvaya~rca shall be void and said premises-``released at the
<br />L expense- of the Mortgagor ; othenrsa to tie 'and r•erriain in full force and effect.
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