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<br /> ( . 8 ) That In the event any awards are made to the Mortgagors or their sucee:;-sari•:: in lntnreetfor taking or dtuneging
<br /> by the exercise of eminent domain the . whole or any part or the mortgaged premises or any easement therein , the ;, al (i
<br /> 4awards
<br /> are hereby assigned Co the Mortgagee ; the Mortgagee Ss hereby author1ted to collect , receive , end receipt
<br />� � . therefor and to applythe same In. payment of. . any Indebtedness , matured or uumatured , secured by this mortgage . r'
<br /> � � x' ( 7:) That in the event Mortgagors default .An the payment or said principal sum , or of any Inatellment thereof, or �,
<br /> e d} of anyinterest thereon , at the time when the same shall be due , or with respect to any covenant or condition here -
<br /> r or , then, at the Option or HOTLgopee , the entire Indebtedness secured hereby shall forthwith become due and payable , i;
<br />� 1 I shall bear Interest at. the rate or ten percent per annum , and the Mortgagee may Immediately foreclose this mortgage `
<br /> or pursue: any ether available legal remedy . , fi
<br /> f ) 44't'
<br /> ( fi That in the event . actlon Is . erought to .foreclose this mortgage , the Mortgagee shall be entitled to Immediate .
<br />:!-
<br /> < 3j, possession of the : mottgaged premises ; and the court mayappoint a receiver to take possession of fluid premises ; with
<br /> fie ft the usual powers of receivers in- like cases . tt
<br /> ' L
<br /> S ( e ) : That failure Or - delay of Mortgagee to exercise any of its rightu or privileges shall not he construed as n.
<br /> waiver thereof ; that any act , Or Mortgagee : . waiving ' any specific default of Mortgagors shall not be construed as aeee .
<br /> 0 waiver or any tuture . defaults ; that - 1n case of default in . the payment or any amortization installments or Interest ; ;
<br /> ee d( or In case or payment by -: Mortgagee ofany ; ilon , ,ludgment ,. tax , insurance , cost or expense , or rents , fees or charges., is
<br /> e said Mortgagee shall . have she privilege , without deo /tering the whole Indebtedness due and payable , . to foreclose on • . t
<br />}
<br /> account of such specific default for such . sums as are in default and such foreclosure proceedings may be had . and
<br /> the land described , herein may be sold , Subject to the unpaid Indebtedness hereby secured . and this mortgage shall. e
<br /> (i continue as c lien for any unpaid balance . e
<br /> 4,
<br /> li7` 9H- tram( 10 ) That the Mortgagee may extend - and " defer thematurityof and renew and reamortlze said Indebtedness , release
<br /> r, ( tram _liability any party lieble thereon , nd release from the ilea hereon portions of the property covered hereby , ' '' i • . . - , : . . , : ei -
<br /> r. without affecting .the priority hereof or the liability of Mortgagors or any other party for the payment . of said . .(
<br /> I
<br /> nes
<br /> indebteds , all such extensions , deP, e lents , renewals , and. reamOrtlzations , to be secured hereby . ;'r
<br /> I - ' :: 9. . : ::: : ::. .99. -, : 9 :
<br /> e ( i.1 n'ansrer. or . Security . It is agreed between the parties nereto _ . tneir heirs , legal representatives and assigns , f;
<br /> that the Integrity and responsibility of the Mcrtgagors constitutes a part of the consideration ror the note Secured `
<br /> . feisty , and . that Sr. he event the Mortgagors shall sell trancrer , or convey the property described herein , the E`
<br /> t
<br /> e
<br /> noetgagee msy at its option declare the entire indebtedness immediately due and payable end may proceed in the en
<br /> ( forcement of Its rights as on any other default In the terms of the note tine mortgage . ,
<br /> ( 12 ) Asslgnment. aS Proceeds or Mineral Lease. . Mortgagors hereby transfer , sec over , and convey to mortgagee all
<br /> Yk f } . rents . royalties , bonuses , and delay moneys that may from time to time become due and payableunderany oil , gas ,or other mineral lease or any kind now existing or that may hereafter come into existence , covering tie above land
<br /> t or any part thereof. All such sums so received by Mortgagee shall be applied to the Indebtedness secured hereby ; ori e'
<br /> ` .said . Mortgagee may _at its option tarn over and deliver to the Mortgagors or their successors in interest . any' or :ail '
<br /> �; of . such sums without prejudice to any or Mortgagee ' s rights to take and retain future came , and without prejudice
<br /> +eeeeee- to any of its other rights under this mortgage . The transfer and conveyance hereunder to Mortgagee or sand rents ;
<br /> s b royalties , bonuses ; and delay moneys shall be construed to be a provision for the payment br reduction of the noir- -
<br /> i
<br />{ ; gage debt , subjectto the Mortgagee- Is option as hereinbefore provided , Independent of the mortgage 11en on Said real e
<br /> estate . Upon payment in full Of the mortgage debt and the release cf this mentgage of record . this conveyance shall i,
<br /> become Inoperative andor eo further force and effect .
<br /> { i d -
<br /> ( Words anphra es ,herein, including the acknowteageent hereof , shalt be construed as in the singular or ;' lurut } is
<br /> numbers and asmasculine , feminine , or neuter gender , according to tcontext . ) i"
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<br /> ( SEAL ) /tet / � 1 - 4! -G�� ff ( SEAL )
<br /> E / , Paul M . Rauert
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<br /> ( SEAL ) 1 �-G� .4 ..-4 C- /:.�� i .,- L t ^ ^ � . ; Sax`
<br /> :yCarroll S . Rauert L ) },
<br /> ( SEAL ). _ ( SEA', ) . .
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<br /> s _ ( SEAL ) ( SEAL )
<br /> 4.
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<br /> STATS OF DONALD K WAD£lL
<br /> / via" Ao1Yf ed 9b6r.
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<br />��r cit Tz OF Ha/1Sil �
<br /> Mork 11. Ann 1:
<br /> 74
<br /> .. .1:::::: ..:s ; on this 19 ,. _' Of -Tap Uai^ ). eee
<br /> ,, , p le ...ese . before me , a Notary Public In and ren said county and t
<br /> rt }
<br /> State , personally appeared Paul N . Rau - r .. - , . 0Ln - . . - _ . . _ . - -
<br /> 1-z husband and wife ,
<br /> tto me known to be the persons named In and who executed the foregoing Instrument , andacknowledged that they executed !i
<br /> the same as their voluntary act and deed . .
<br /> 7/ ed
<br /> ' ror^: Issler, expires _- n%�l•<<j // /97h7 '%7Y� ` /t� /4 --
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<br /> Notary Public in anU cr sale County and ' tate ji{
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