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~~. ~~ibi~~ik wi~~~~u~~~i~ ~~ ~~Il~i,~~ r~~~~~ ~~~~~~~ ~bm~alar ~~n~~~.~r~, ~~.~~ ~u~~~wya~r~~~ i~or~~~ nl,T~ifi~~u.~hr~it ~~~~,m~i~~~.~~ ~~~,u~a~~r ~i~a~ t~111s
<br />*':'~!`. -;+~u' ~'~'* ~* .%G'-,~. =,:6fi .`sas as ~~s`~~G *~m 53za, ssY{1 a`s3
<br />~~!'^*~ ~~ ~~+=E" ~~" *~ ~~ ~r>_es~; ~ ~etf .-~ ~~¢ a~ve 'ate, shall
<br />~qt ~T, s~ st€aa year i~+.te~!5'- ai *..^e -a~~ set for'h ir, use said nrtte, ;mtil
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<br />~, Thafi ~er•_*~* assis, trans°ers and sets Darer to the Mortgagee, to be applied
<br />t€~erd ;~ ~ayt of th? note and all sums secured heretsy in rase of a default in the
<br />;erfo3nce of any of *.he terms and conditions of this tortgage or the said note, all
<br />the ren*_s, ,-evens and income to be derived from the mortgaged premises during such
<br />time as ~e saortgage indo'.kedness shall remain unpaid; and the t4ortgagee shall have
<br />yr~2r to appoint any anent o-r 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 />aray pay out of said incomes all expenses of repairing said premises and necPSSary
<br />cissions 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 />5. 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 such amounts
<br />and for such periods as may be 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 />before. 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 />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of
<br />]oss Mortgagor wilt give immediate notice by mail to thQ t4ortgagee, 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 toss 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 t4ortgagee 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 />7. That as additional and collateral security for the payment of the note described,
<br />and all sums to become due under this mortgage, the t4ortgagor hereby assigns to the
<br />Mortgagee all profits, revenues, royalties, rights and benefits accruing to the
<br />t4ortgagor under any and alt oil and gas leases on said premises, with the right to
<br />receive and receipt for the same and apply them to said indebtedness as well as after
<br />default in the conditions of this mortgage, and the Mortgagee may demand, sue for and
<br />recover any such payments when due and payable, but shall not be required so to do.
<br />This assignment is to terminate and become null and void upon release of this mortgage.
<br />8, That the i~~ortgagor will keep the buildings upon said premises in good 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 condemned under the power of
<br />eminent domain, or acquired fora public use, the damages awarded, the proceeds for the
<br />taking of, 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 t4ortgagee, and shall be paid forthwith to
<br />said t~rtgagee to be applied by the latter on account of the next maturing installment
<br />of such indebtedness
<br />The covenants herein contained shall bind, and the benefits and advantages shall
<br />insure ta, the respective heirs, executors, administrators, successors 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 gender shall be applicable to all genders.
<br />ine foregoing conditions, all and singular, being performed according to their
<br />:~at~,-ral and legal ir~rort, this conveyance shall be vGid and said premises released at the
<br />expense of the Mbrtgagor; otherwise to be and remain in full forte and effect.
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