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<br /> ( 0 ) That in the event any awards are made to the Mortgagors or their successors in interest for taking or damaging .
<br /> %" by theexercise of eminent domain the whole or fury part or the mortgaged premises or any easement therein . the aeld
<br /> I •
<br /> ( ' aWarda are hereby assigned to the Mortgagee '• the Mortgagee Is hereby authorized to collect , receive , and . receipt ; s
<br /> i` . therefor and lo apply the same in payment of any indebtedness , matured or unmatured , secured by this mortgage ,
<br /> aIt the That In the event Mortgagors default 1n payment of saidprincipalsum , or of any installment thereof , or
<br /> { . of any interect " thereon , at . the time '. when ' the name shall be due , or with respect to any covenant or condition here- i�
<br /> r 6 of , then , at the option of Mortgagee , 'the entire Indebtedness secured hereby shall forthwith become due and payable ,
<br /> r 5) Obeli bear interest at the . rate of .ten percent per annum , and the Mortgagee may immediately foreclose this mortgage li
<br /> 0 r or purauo any other available legal remedy . if
<br /> i)
<br /> til ( A ) That In the event action is brought to foreclose this mortgage , the Mortgagee shall be entitled to immediate }S
<br /> possession of the mortgaged premises , and the court may appoint a receiver to take possession of said premises , with e
<br /> q+ i the usual powers of receivers In like cases . : • p1
<br /> •t ( 9 ) That failure or delay of Mortgagee to exercise any of Its rights or privileges shall not be construed as a I. •
<br /> IFz , 1 waiver ' :thereor ; . thatany act cf. Mortgagee waivingany specific default of Mortgagors shall' not be construed as a
<br /> fr( waiver. .of any :future "defaults ;: that. hi cane of default. in the payment of any amortization installments or interest , }l
<br /> - por In case of payment byMcrtgagee of any. lien , judgment , . tax , Insurance , cost or expense .+expense . or or rents , tees or charges , :
<br /> !I said. Mortgagee shall have the privilege , without declaring the whole Indebtedness due and payable , to foreclose on
<br /> ( i1 account of such - specificdefault tor such SUMS as are In default and such foreclosure proceedinga may be had and .I .
<br /> , ;i the land described herein may be Nola , subject to the unpaid indebtedness hereby secured ,, and this mortgage shall ,
<br /> ;) continue as u lien for any unpaid balance . ! I ,
<br /> s rfS ( 10) That the mortgagee may extend and defer the maturity of and renew and reamortize said indebtedness , release i! . :
<br /> • : . from liability any party liable thereon , and release from the lien hereof portions of the property covered hereby , 12 without affecting the priority hereof or the liability of Mortgagors or any other party for the payment of nald
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<br /> ti ' indebtedness , ' . allsuch extensions . deferments , renewals , and reamortizations to be secured hereby.
<br /> toil
<br /> 4' . ( 11 ) Transfer of Security . ' It is agreed between the parties hereto , their heirs, legal representatives and assigns , II .
<br /> r : that the . .lutIegrlty ' and responsib111ty of the Mortgagors constitutes a part of the consideration for the note secured .
<br /> 4."-I . r(. hereby ; and that 1n the event the Mortgagors shall sell , transfer , or convey the property . described herein , ' the : `
<br /> !� Mortgagee may at its Option declare the entire indebtedness immediately. due and . payable and may proceed in the en i
<br /> " forcement of. its rights as on any other default In the terms of the note and mortgage . - di
<br /> 1. t e1
<br /> r• !i . ( 12 ) Assignment of Proceeds of. mineral Lease . Mortgagors hereby transftr , set over . and convey to Mortgagee all
<br /> rents , royalties , ' bonuses . and delay moneys that nay from time to time become due and payable under any oil , gas , il
<br /> ee ( or other mineral lease of any kind now - existing' or that may hereafter come , into existence , covering the ' above land ! )
<br /> s' or any: part thereof . All 'such suns Co . received by Mortgagee shall be applied to the indebtedness secured hereby ; or •
<br /> • II
<br /> said . Mortgagee " may: at its option turn over and deliver to the Mortgagors or their ' succe successors in interest , any or all '
<br /> of such sums without prejudice to any ofMortgageers rights to take and retain future sums , and without prejudice :.
<br /> 4 .
<br /> a', :1 . ' to any of its other rights' under this mortgage . . The transfer and conveyance hereunder to Mortgagee of said rents , : i ; ' '
<br /> ii 4 (i royalties , bonuses , : and delay moneys shall be construed to be a provision for the payment or reduction of the mart- . - II . :
<br /> ry !} gage debt , subject to the Mortgagee ' s option as hereinbefore provided . Independent of the mortgage lien on said real . +
<br /> r i . _: esbstate . iUponron payment tnInofull ll of the thermo'tgagerdebbtfand the release of this mortgage of record , this conveyance snall . U
<br /> tz h 4 1s
<br /> �( :. ( Cords and ,phrases herein, . including he ackncotedgnent hereof , ' shall be construed as . in the singular or gturat-
<br /> mubers and as rascuiine, feninine , or neuter gander , according to the context . ) i
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<br /> I4 / ludodNaOeaaN ( SEAL ) rt reiYt/ It K ( IMC r t' z ' ' ( SEAL ) 'j
<br /> la • ` tnanaa.tw ..wl.areee erwae AL/ � • )Da 1 J . Wagoner 1'
<br /> an elnaYHh darery , e�i as,",
<br /> � ,r�"r-rf Z/ ( nee )
<br /> rt ( SEAL ) . : 1f>//.-F�f�� �'fiarien . WaUUnet ( •
<br /> } tDLar- '� sM � Nr*1* •
<br /> t ' ) . 1A1s:alNlballa ► ( SEAL ) ' ( SEAL ) i '
<br /> L:ae=t;�dlai', .,atrscJ f . .
<br /> II - osnmca ( SEAL ) ( SEAL ) IS,
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<br /> STATE OF Nebraska _ 4.1 .S•ceilVICRORL[10 •
<br /> ss4C1::::::::
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<br /> , 5 COUNT? of Buffalo
<br /> 27 dayJanuar 76 `.'
<br /> On thisaf Y , A . D . , . 9 _ . before re , a Notary Fubiic In and for cald County and 4
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<br /> + State , personally appeared
<br /> S
<br /> Daniel . J . Wagoner and Marlene S . Wagoner ( also known as Marlene Wagoner ) , husband and
<br /> wife ,
<br /> rj to me known to be the persons named in and who executed the foregoing instrument , and acknowledged that they executed the sane sane as their voluntary act and deed. /e .
<br /> S' TWILA Q. STROUD C " " 1- r
<br /> 4 '; { , ry ce, Y M !l 'ch 15 1977 Jf f t, i
<br /> I Lr i 1 ! J -r
<br /> My Commission Expires
<br /> Italia b . e Or
<br /> March 15 1977 . ( Type or print name under signature /
<br /> i 1 N. \Notary Public In and for said County and State '
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