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<br />$I- t)t~4787
<br />4. that should he fail to pay any sum or keep any covenant provided for in this
<br />t~rtgage, then the Mortgagee, at its option, may pay or perform the same, and all
<br />ex(aenditures so made strati be-added to the principal sum 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 />tovtard the payment of the note and ail 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 sueh
<br />time as the mortgage indebtedness shall remain unpaid; and the t~rtgagee 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 inco.°me, and it
<br />may pay out of said incomes all expenses of repairing said premises and necPSSary
<br />commissions and expenses incurred in renting and managing 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 wi11 keep the improvements maw existing or hereafter erected an the
<br />mortgaged property, insured as may bd required from time to time by the Mortgagee
<br />against loss 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 premium on such insurance provision for payment of which has not been made herein-
<br />hefore. All insurance shall be carried in companies approved by the Mortgagee and the
<br />policies and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />incc ppyahlr+ Cla„s~s in faynr or and in farm acceptable to the Mortgagee. In event of
<br />loss tiortgag4r will yive immediate notice by mail to the Mortgagee, why may make proof
<br />of loss if not made promptly by Mortgagor, and each insurance company concerned is
<br />hereby authorized and directed to mate payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or
<br />any part thereof, rmay be applied by the l3crtgau3ee at its option either to the r•eductian
<br />of the indebtedness hereby secured or to the restoration or repair of the property
<br />damar}ed. In event of fcreclasure of this mortgage ar other transfer of tilts to the
<br />mortyaged property in extinguishment of the indebtedness secured hereby: all right,
<br />title and interest of the Mortgagor in and to any insurance policies the r, in farce shall
<br />pass to the purchaser or grantee.
<br />7. That as additional and collateral security far the payment of the note described.
<br />and all s to becomes dry under this rmortgage. the t~rtgagor hereby assigns to the
<br />rigae all profits, r2vents, royalties, rights and b~tsefits accr~tin€1 to the
<br />Mortgagor under any and ail ail and gas leases on said premises, with the right to
<br />reC~iv~ and receipt for the samte and apply *s,e~rm to said indebtedness as well as after
<br />default ir. the candjtiohs of this tt~rtgage; •and the M~rtg~~e y demand, sue for and
<br />recav~r any such paytr~nts whets due and payable, but shall not be required sa=_o do.
<br />#ii ~ls #~?s,~SNlE r34. 35 t1, 6-~#£Ae FMS ~L£$ uxe*3 ~Lu~~l~ ~5is, xax ~1 ~u_~ u~+~ie~ :4_s_--... ter. :...s -~-- _
<br />8. That the Mortgagor wilt keep the buildings upon said premises in goad repair,
<br />and neither commit nor permit waste upon said land, nor suffer the said premises to be
<br />used for any unlawful purpose.
<br />9. That if the premises. or any part thereof. be condetmed under the power of
<br />eminent domsairs, ar acquired fora public use, the daxuges awarded, the proceeds for the
<br />taking af, or the consideration for such acquisition. to the extent of the full amawrt
<br />of indebtedness upon this mtortgage and the note which is given to secure remaining unpaid.
<br />are hereby assigned by the tortgagor to the Mortgagee, and shall be paid forthwith to
<br />xaid Mortgagee to bre applied by Lhe latter on account of the next maturing installmtttnt
<br />of sueh indebtedness
<br />The covenants herein contained shall bind. and the benefits and advantages shall
<br />insure to, the respective hairs, executors, administrators, successors and assigns of
<br />fife partses hereto. wrtetseSiGr useta, ~Re singular rtter short ins:lu~le ~n$ plural, the
<br />plural ttae singular, and the use of any genr shell b€ applicable to all genders.
<br />Tate fvregving Conditions, all an,i singular, being porfa-~ed according to Ltteir
<br />natural and legal iasisort, this conveyance shall bit void and said premises released at the
<br />expanse of the Fittrtga~tr; otherwise to be and remain in full farce and effe4t.
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