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<br />~_ r € a€~y e:;~nt :rw,s:~~d fvr in this
<br />rte. ~ *F trtga, at =ts opt; ~s, coy ~:ay or yerform the sa,^.,e, and all
<br />ex:tii*5 >o ~ ==a21 be add tri ehe print'ipai sum ~rirg o~€ the abov? note, shah
<br />~~ted t~ereiry, and shah bear irtgrest at the rate set fflrth in the said note, until
<br />paid.
<br />5, Tnat he hereby assigns, transfers and sets over to the Mortgagee, to be applied
<br />lard he pays~ent of the note and ail sutsss secured hereby in case of a default in the
<br />perforr°.anc2 of any of the terms and conditions of this ~'lortgage 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 />purer 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 />c+ay pa3 out of said incomes all expenses of repairing said premises and necPSSary
<br />caan+issians 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. 7haL he will keep the improvements now existing or hereafter erected on the
<br />r~rtgaged property, insured as may be required from time to time by the Mortgagee
<br />against toss by fire and other hazards, casualties and contingencies in such amounts
<br />and for such periods as may he 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 />hefos^e. etl incriranfP shall be carried in como_anies approved by the Mortgagee and the
<br />policies and renewals thereof shall be held by the P~rtganee and have attached thereto
<br />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />las; P@ortgagar will give immediate notice by mail to thQ tdartgagee, who 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 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, may be applied by the 'Mortgagee 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, 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 collateral security for the payment of the Hate described,
<br />and all sums to becarr~ due under this mortgage, the ttartgagor hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises, with the right to
<br />=~.s_
<br />F'e~€}i Ivc and reSSc /e~i pt for the sd!1!E dnd a{1{Jly =-??M~i3 €U sES id ~Idc~tcuf~a~ a5 null *is :, .:r
<br />iT ill ~n~4 [*i lT t[,1,L~? inES ~i1~ ~-EJ~ -e [~>av SIB .Y - -
<br />~t-{~~it frl to 4. cant, ~en¢ .r. k•..w ..m _ _~ ~,x'~z.. ~ ~a~nA3 ~~ ~~r d~tif~
<br />k ~_3•,
<br />recci~?r a~ey such- payi`it5 ~~'i~t`, ~:,.'~ v':3d F.-aj,'' ':: , but 's~}~3 nvt !mss r~ s2t`~t! S~+ Lri f~~
<br />This assignment is to terminate and become null and void upon release of this mortgaye.
<br />8. Thai the Mortgagor will keep the buildings upon said Premises in good repair,
<br />dnd 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 condemned under the power of
<br />eminent domain, or acquired fora public use, the damages awarded, the proceeds for the
<br />taking af, ow the consideration far such acquisition, to the extent of the full aunt
<br />of indebtedness upon this mortgage dnd the no Le which is given to secure remaining unpaid,
<br />are hereby assigr-ed by the Mortgagor to the Fiortgagee, and shall be paid forthwith co
<br />said Mortgagee to be applied by the latter an account of the next maturing installment
<br />of such indebtedness
<br />The covenants herein contained shall hind, ar~d the €re~+>`fits ar,d advant~.s sha='-=
<br />insure ta, the rasp~+ctive hairs, executors, adrinistratsirs, ssxcess~*rs and dsss of
<br />the parties hereto, t~henever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall bra applicatrle to all genders,
<br />The foregoing conditions, ail and singular, being performed a[carding to their
<br />natural dnd legal impart, this conveyance shall be void and said premises released at tisa
<br />expense of the lEbrtgagor; otherwise to be and remain in full farce and effect,
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