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<br /> . � ; � ( U1 . '���ai � � in �hz evenc :ny aw..rds are maae to the Mortgagors or their successors in lnterest for taking or damaging � .�:.�
<br /> �� � by, Ltie erciC :Sc vi .S: n.l^ 8 �.3iC . OS' ":f . i. ^L . Ci - � "'^: �Lty%.:.guu yiv���13�3 v. u;�;y C.^..�v-viiL t;,arein , L77e 8ai:i S ,
<br /> . � awards are hereby asslgned to � the � Mortgagee ; r,he Mertgag>e Ys � hereby authariznd � to collect , reeelve , and receipt
<br /> therefor and to apply the snme in payment of any Sn3ebtedness , matured or ucunatured , secured by thls � mortgage . � � ,
<br /> f �! ( '7 � That Sn � the event �MortgagOrs default Sn � the �payment � of sald . principal sum , or oT any Snstallment thereoP �, or
<br /> 9 oi aqy. Snterest . thereon , �� at the� tlme when the � same shall be due , � or. �with respect � to any covenant or condition her?-
<br /> of , then , aL the option oi Mortg�.gee , the� ent !re Indebtedness secured 'nereby shall iorthwlth become due and payable ,. ,
<br /> .� �� sha11 � �. Dear Snterest at. the delault rate describetl Sn .sa1d note , and the MortAaSee may immedlately iorer, lose thls
<br /> ` �mortgage or pursue any Ather . available �:legai remeQy . . . � � . � . � . .
<br /> I ; . � . . . . . . . . � . � . . . � . . � . .
<br /> a ( 8�1 � � 'I'n8t Sn �the event actlon � ls brou�ht to ior�cloae thls mortgage� , �the Mortgagee shall . be entltled � to � immedlste .
<br /> � possession of the mortgc�ged premises , and the court may � appolnt. a. receiver to. take � .possession of sa.id preml�ses , � � with�
<br /> � � the � usual ,powers �of' recelvers �� in like cases. � . � � � . . � . � � � �
<br /> " ( 9 ) Triat fai�lure or delsy oZ � Mortgagee to exerclse any � of � lts rights or privileges sha11 not . be� cort� trued as � a� � -
<br /> >- �� walver � . thereot ,. Cho.t any� act oS�� Mortgagee waiving any�� speclfic . ciefault oi MortBagors shall not be ��construed as a
<br /> �' � . � waiver� � of a.qy . .Tuture tlefaults �. that in . case oi , default � in the paymant of � any amortization lnstallments or � l.nterest , � � ;�
<br /> i ^ � � �� M foPOPP nP n.nv � 71P_ n . tiirlvmPnt. t.qx InciirAnrP , Cnat nr Px�anca � �nr ranro foae .� ..r�. :.,..�,c .�-
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<br />� �> � . � �� . . sald : Mortgagee�sh311 . have the privilege , � wlthout deciaring Che . whole. . IndebteAness due and . payable , Ga . *areclose: on � � `'
<br /> � � aeco�r:*� �o* �ch �Feclfi� default fo,- �� such sums &a a[�e In deisuit and such foreclosure . �proceedings may be had a.nd � � ��. �
<br /> � the land descrlbed hereln may � be sold , suh3ect to the � unpald lndebtedness hereby secured , and this mortgage shall
<br /> ` � Gontlm< e � as a � 1�1Fn £ar ar�y unnaitl halanre , �
<br /> . . . ( 10 ) � Triat� ��Lhe �. Mortgagee may extend and defer the maeurity of and renew and reamortize sald Sndebtedness , release ��
<br /> �' �Prom liability� � any party liable � thereon , and release . from . the lien hereof portions oP the proparty covered �hereby , � . .
<br /> ; wik.hout affecting the priority hereof or the 2labillty ot Mortgagors � or any other party Sor the �payment of � sai�d �
<br /> indebtedness , al.l such extensions , deSennents , repewals , and reamortlzations to De secured hereby . � . � �
<br /> ( ii ) �. Transfer .of Security _ � it Ss agreed� beCweeu trie prirties hereco , tYieir heirs , . legal reFresentaZlves and assigns , � .
<br />� ^ e� � Li73C UhB . 1:1C(`gS'12� 2ri� .^9oponslb! 11 !Y Of �!12 � MOZ'C$BgOtS C0:25t1tLCP� A �n,art nf hra n�ngj .ic.�yrf0^. 2C.^ CI'18 ^Ct8 �eCL'.^BQ
<br /> ' ; � hereby , and that Sn the event the Mortgagors shall sell , transfer , or convey the property � descrlbetl herein , the � � �. � ,� � � - ..�
<br /> ` � � Mp�r.�agee m�v .ar, � t_s optton declare the entire indebtedness Smmediatel.y due and oayable and ma,y proceed Sn the en - �
<br /> � � � forcement oP its rights as on ar�y other default Sn the terms of Che note antl mortgage . . � . � � ' �
<br /> ( 12 ) nGslgnment � of Yroceeds oS Mineral Lease . Mortgagors hereby transfer , set over , and r.onvey to Mortgagee all p
<br /> j � rents , royalties , bonuses , . and delay moneys that may from tlme to time become due and payaDle under any � oll , � gas , 1 ; . �
<br /> or. other �mineral lease of any � kind now existing or that may hereafter come Snto ex ! stence , covering the above land �
<br /> or any part . thereof . � Ai1 such sums . so recelved by Mortgagee shall he applied to Lhe indebtadness secured hereb, ; .er � F
<br /> sald. Mortgagee may ut Sts option turn over and deliver to the Mortgagors or � thelr successora in lnterest . anyor all p �
<br /> . � oS such sums without pre� udice to any of Mortgagee � s rights to take nnd recaln future sums , and wlthout pre,7udice . � '
<br /> � to � any oS SCs other rights � under thls mortgage . The transfer and conveyance hereunder to Mortgagee of said rents , �
<br /> i � . royalUles �, bonuses , and delay . moneys shsll Ue construed to be a provision Tui• the payment or reductiori oS the mort- �
<br />� � � a�e debt , sub,7ectto r,he Mortea¢ee � s option as hereinbefore provided , independent of the mortgage 11en on said real ; � ��
<br /> estate , Upon payment Sn Su11 of the mortgage � debt and the release of this mortgage oi record , this conveyance shall
<br /> � become inoperative and of . na further force and effect . � � � �
<br /> . ( Words and �phrases herei�n, including the acknawledgment hereef , shaGl be constrv.ed ¢s in the stingular or qlural
<br /> . ; � n.wnbers ¢rd as �ma�sculine , femin {ne , or �neuter eender , according to th,e context . ) . � �
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<br /> ' "i STATE OF NPbh a � �t'a DONA(,p K WADEt�
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<br /> ii On this a-2 h dday of �� , A . D . , 19 � , D� fore me , a Notary Public Sn and Sor said County and
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<br /> " ��� � r.n me known to be the Persons named Sn and who executed the foregoing instrument , and acknowledged that they executed � �
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<br /> � � the same as their voluntary act and tleed . �
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