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<br />~~- Ull~'75~
<br />4, That should he fail to pay any sum or keep any covenant provided far in this
<br />t~rigage, then Lhe Mortgagee, at its option, may pay or perform the same, and all
<br />expenditures so made shall be added to the principal Sena Owing 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 Mortgage or the said note, ail
<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 />power Co 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 collecting
<br />rentals the!^efram; the balance remaining, if any, to be applied toward the discharge of
<br />said mortgage indebtedness.
<br />5. '(hat 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 {ass by fire and other hazards, casualties and contingencies in such amounts
<br />and far such periods as may be required by the Mortgagee and will pay promptly, when due.
<br />any premiu+hs an such insurance provision for payment of which has not been made hercin-
<br />hnfnro_ 911 insw,ranr4 sna11 be carried in companies approved by the Mortgagee and the
<br />policies and renewals thereof shalt be held by the Mortgagee and have attached thereto
<br />loss payable clauses in favor of and in form atceptable to the Mortgagee. In event of
<br />loss Mortgagor will give iaa~di$te notice by mail to the Mortgagee, who ruy make proof
<br />of toss if not made promptly by t~tortgagor, and each insurance company conserved is
<br />hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee ,iaintiy, and the insurance proceeds, or
<br />any part thereof, may be applied by the t~rtgagee at its option either to the reduction
<br />of the indebtedness hereby secured or Lo the restoration ar repair of the property
<br />damaged. In event of faretlosure of this mortgage or other transfer of title to the
<br />mortgaged property in extinguishment of the indebtedness secured hereby, all right,
<br />title and interest of the Mortgagor in and to any insurance policies then in force shall
<br />pass to the purchaser or grantee.
<br />That as additional and }ollgtmral security for the payment of the note described,
<br />and all sums to become due under this mortgage, the Mortgagor hereby assigns Lo the
<br />~±rtgags+a all profits, revenues, royalties, rights and benefits accruing to the
<br />~artgagor l~td$r any and all oil and gas leases on said premises, with the right to
<br />resel4e anr~ rgcelpt f^r the s$ and apply tFie?~ to 4314 ifldebtednsss 4;! ejel as ait~r
<br />s~~au`e :.. .,~_~. _.~_ ~,,.,,~ .~ ~, tg~~, -., ,. -,...~ ..~ `--a-a--^ EFem~?.,: -- a._.
<br />_ #~ t,r re~~:a.~~,t ~1F~ ~t eha11 zf4 ~ ir~v# ~~ ~f, 3~:
<br />re%v~~ 9iry SY4i~ ~i~"~.` ;.~~- c~,e~' ~3.a `F~.y-3v -.: -``,ra.. ~--. ~- ~~ r~
<br />this assignment is to terminate and become null 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 commit nor permit caste upon said land, nor suffer the said premises to be
<br />used far any unlawful purpose.
<br />9. That if the premises, ar 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 eansideration far 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 />ar+t hereby assigned by the 14ortgagar to the Mortgagee, and shall be paid far€hwith to
<br />solo Mortgagee to be applied by thra latter on account of the next maturing installment
<br />of such indebtedness
<br />me corenan ~.`.s riereln ~~1=t~in2i3 3na[i [7tn$i anQ the [3eile rl y5 and d#iYaiit~~G3 ]i`iiii
<br />insure ia, the respective heirsg executers, administtatars, succes;o:°s and assigns +3f
<br />the parties hereto, Whenever used, the singular number shall include the plural, the
<br />p3urai the singular, and the use of any gender sh$11 be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their
<br />natural and legal import. this carrveyance shall be void and said premises released at the
<br />sxp~-nse of the Mortgagor, otherwise to be and remain in full force and effect.
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