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<br /> , ) ( 0 ) That In the event any awards aro made to the Mortgagors or their successors In Interest for taking or damaging
<br /> fq1 by the exercise of eminent domain the whole . or any part of the . mortgaged premises orany easement therein , the said
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<br /> f awards are her•eby, aaslgned to the Mortgagee ( - the Mortgagee Is hereby authorized to collect , receive , and receipt.
<br /> 11 therefor and toapply the same In payment ot. any indebtedness , matured or =matured , secured by thin mortgage ,
<br /> e !,c ( 7 ) That In the... event . Mortgagors - default In the payment of solid principal sum , or of any installment thereof , or )
<br /> ' ` •I of any ;Interest thereon , at , the time when the some shall be due , or with respect to any covenant or condition here-
<br /> s‘ of , then at the : optlon : of Mortgagee , the, entire Indebtedness secured hereby shall forthwith become due and payable ,
<br /> s , , shall bear Interest at the rate of ten percent per annum , and the Mortgagee may Immediately foreclose this mortgage
<br /> p4 :':, , ` • or :purSue any - other available legal remedy , , '
<br /> 11/.2. 0, it ( 6 ) That in the event action is brought to foreclose this mortgage , the Mortgagee shall be entitled . to immediate
<br /> WI ' po session of tbe : mortgaged premises; and the .court may appoint a . receiver to take possession of said premises , with I
<br /> the usual powers of receivers in like ' cases ,
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<br /> 9. 2 ( 0 ) That
<br /> that any act delay
<br /> of Mortgagee
<br /> Mortgagee waivin g exercise ny any
<br /> specific deof Its fault - of hts or Mortgagors shall not be coes shall not be nstrued as a t -
<br /> laiver : of any •i•uture defaults ; that in can of, ' default : In the payment of any amortization installments or Interest ,
<br /> ' or In case ofpayment by Mortgagee of any lien , judgment , tax , Insurance , cost or expense , or rents , fees or charges , 1 •
<br /> ii.g 4 1 said t1ortgagee shall have the privilege , without declaring , the whole lndebtednesa due and payable , to foreclose . on
<br /> }� } • account of such - specific : default for such sums . as are - in defaultandsuch foreclosure proceedings- maybe had. and . I ,
<br /> the land described herein may be sold , subject to the unpaid indebtedness hereby secured , and this mortgage shall I
<br /> k• ) ;( continue as a lien for any unpaid balance . 1
<br /> , , 4 ( 10) That the Mortgageemayextend and defer the maturity of and renew and , reamortlze said indebtedness , release 1
<br /> from liability any party liflie thereon , and release from the lien hereof portions of the property covered hereby , I
<br /> • irt,' without affecting thepriority. hereof or the liability of Mortgagors or any ether party for the payment of said ) -
<br /> n . ' : Indebtedness , allsuch . extensions , deferments , renewals , and - reamortlzations to be secured hereby . -
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<br /> ( 11 ) Transfer of Security . It is agreed between the parties hereto , their heirs , legal representativesandassigns,
<br /> fff that the - 1ntiegrity and responsibility of the Mortgagors constitutes a part of the consideration for the note secured f
<br /> `y�y ` I hereby , : and - that . in the event thee.Mortgagors shall sell , transfer , or convey the property described herein , the )f
<br /> !. t Mortgagee may at Its option declare the entire indebtedness immediately clue and payable and may proceed In the ene I`z . j . forcement of its rights as on any other default In the . terms , of the note and mortgage ,
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<br /> 2;i: 11 ( V ) Assignment of Proceeds of - Mineral. -Lease . . Mortgagors herebytransfer , set over , and convey toMortgageeall 1 -
<br /> 1*, , rents , royalties , bonuses , and delay moneys that may from time to time become due and payable under any oil , gas , ,i
<br /> r1 or other mineral lease of : any kind now existing or that may hereafter come into-- exiatence , : covering the :. aboveland
<br /> 47/2;'.' , or any part thereof . All such sums so received by Mortgagee shallbeappliedto - theindebtedness secured hereby ; or
<br /> 4 5•s11I said Mortgagee may at its option turn over and deliver to the Mortgagors or their successors in Interest , any or all i
<br /> a 1 t of - such- sums -.without prejudice toanyof Mortgagee ' s rights to take and retain future sums , and without' prejudice: }
<br /> 'i , )f , to any of its . .other- rights under this mortgage : The transfer and conveyance hereunder to. Mortgagee of said . rents ;. .
<br /> 'n l) royalties bonuses , and delay moneys shall be : construed _ to be a provision for the . payment , or reduction of the mort- ,)
<br /> )e gage debt , subject to the Mortgagee ' s option as hereinbefore provided , independent ofthe mortgage lien on said real -
<br /> estate . Upon payment In full of the mortgage debt and the release of this mortgage of record , this conveyance shalt •
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<br /> } become Inoperative ' and of no further force and effect , tj
<br /> ▪ "P 1' ( fiords and phrases herein , including the acknowledgment hereof, shall be construed as in the singular or plural 4
<br /> I: numbers and as masculine , feainine , or neuter gender, according , yo the context . ) I
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<br /> sir. "Diie J . Wagoner/aE;( SEAL ) y I
<br /> ) a 59Jw ( SEAL ) 11
<br /> : . ' MarledP . wagoner 1
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<br /> '14122, ,11 STATE OF Nebraska
<br /> }.. ss . - A .
<br /> fttync t; comfy OF Buffalo
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<br /> 0n this 27 day of January , . A . D . , 1376 , before - me , a Notary Public in and for said County and 9
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<br /> , . State , personally appeared : • ) .
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<br /> { Daniel J . Wagoner and Marlene S . Wagoner ( also known as Marlene Wagoner ) , husband and
<br /> a . i} wife , _ .
<br /> /• i• {' to me known lobe the persons named 1n and who executed theforegoinginstrument , and acknowledged that they executed .z
<br /> + 1 , . the same °.as their voluntary act and deed . -- 7 - .
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<br /> f° TWILA Q BTROl10 � � �!� ��-'�'--
<br /> ttl .` :ycom �� M- ch 15 1977 -- A-: ( GZ ; / ./.)7: nr_ i • . '
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<br /> My Commission Expires hype or rent name under signature
<br /> March 15, 1977 I - p e"
<br /> r _ •*'r - _ _ -. - - Notary Public in and for said County and state : I
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