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<br /> v. 1 _. . .
<br /> That, in the event any awards are made to the Mortgagor a th lr ucces cr ' In interest for taking or damaging
<br /> ( clpart of the mortgaged premisesorany easement therein , the said
<br /> by the a exercise of eminent domain the whole or any Mortgagee is herebygauhorL,ed to collect , receive , and receipt
<br /> awards are hereby assigned to the Mortgagee : the Mortg ge
<br /> therefor and to apply the same In payment of any Indebtedness , matured or nematured , secured by this mortgage . i
<br /> : u
<br /> 'r,{1 ( 7 ) That In the event Mortgagors default In the payment of said principal sum , or of any Installment thereof , or i1
<br />%' ; � of any Interest thereon , at the time when the same shall be due , or with respect to any covenant or condition here- e
<br /> ' ) ,. of , gran , at the option of Mortgagee , the entire Indebtednesssecureduuredhienaby ee meal immediately become
<br /> toreclosedue
<br /> chis payable ,o
<br /> Jr, shall bear Interest at the rate or ten percent per a num , g g Y f
<br /> e i
<br /> T.
<br /> ti1; 1 : or pursue any other available legal remedy . b
<br /> Kc. ( 8 ) g Mortgagee shall be entitled to Immediate I',
<br /> tut That in the event action is brought to foreclose this mortgage , the MortB R
<br /> W possession of the mortgaged premises , and the court may appoint a receiver to take possession of said premises , with
<br /> n•'. �+ the usualpowers of receivers In like cases .
<br /> kd
<br /> r.
<br /> R : ; ( U ) That failure or delay of Mortgagee to exorcise any of its rights or privileges shall not be construed as a
<br /> „�, I . Waiver thereof ; that any act of Mortgagee waiving. any specific default of Mortgagors shall not be construed as a
<br /> waiver of any future defaults : that in case of default In the payment of any amortization Installments or Interest ,
<br /> i.
<br /> "" _ f . or in case of payment by Mortgagee of any lien , judgment , tax • insurance , cost or expense , or rents , fees or charges , b
<br /> " said Mortgagee shall have the privilege , without declaring the whole Indebtedness due end payable , to foreclose on iI
<br /> I - ` account of such. speclflc default for such sums as are in default and such foreclosure proceedings may be had and
<br /> 14 . ' r the land described herein may be sold , subject to the unpaid indebtedness hereby secured , and this mortgage shall
<br /> xc' i 11
<br /> e f� continue as a lien for any unpaid balance . �..
<br /> r1 ( 10 ) That the Mortgagee may extend and defer the maturity of and renew and reamortize said Indebtedness , release e
<br /> y !. l( from liability any party liable thereon , and release from the lieu hereof portions of the property covered hereby ,
<br />: Lir without affecting the priority hereof or the liability of Mortgagors or any ocher party for the payment of said !,
<br /> C ' indebtedness , all such extensions , deferments , renewals , and reea^.orttzattons to he secured hereby . I
<br />':' f
<br /> ( 11 ) Transfer of Security . It 1s agreed between the parties hereto . their heirs , logal representatives and assigns ,
<br />`X' ' V. that the Integrity and responsibility of the Mortgagors constitutes a part of the consideration for the note secured
<br /> , .- {� . hereby , and that
<br /> In
<br /> the
<br /> option dee1arn�r thegentire shall
<br /> lndebtednessr^r� di vie lv r ]ie audthe
<br /> pmfablpesnd may Proceeddescribed s in the en�
<br /> Mortgagee may tlg fore event of Its rights as on any other default In the terms of the note and mortgage .
<br /> tle
<br /> a ,- � set over , and convey to Mortgagee all j.
<br /> i- • . ( 12 ) assignment of Proceeds of Mineral Lease . Mortgagors hereby transfer , , ,
<br /> � . rents . royalties , bonuses , ani delay moneys that may from time to time become due and payable under any oil , gas , i
<br /> or other mineral lease of r=ny kind nov, ex Ssting or that may hereafter come into existence , covering the above land
<br /> qc • or any part thereof . All Such sums so received by Mortgagee shall be applied to the indebtedness secured hereby ; or e
<br /> �• ! , said Mortgagee may at Its option turn over and deliver to the Mortgagors or their successors in interest , any or all n
<br />✓ .
<br /> or such sums Without prejudice to any of Mortgagee ' s rlgncs to take and retain future sums , te .d t ofrt s prejudice
<br /> - e . to any of Its ether rights under this c gage . Thetransfer and conveyance hereunder to Mortgagee ;
<br /> t • royalties , bonuses , and delay moneys shall ht construed to to a provision for the payment or reduction of the mort- �,
<br /> gage debt , subjectto the Mortgagee es option as herelnbefore provided , independent of the mortgage lien on said real
<br /> ti t estate . Upon payment In full of the mortgage debt and the release of this mortgage of record , this conveyance shall a
<br /> S become Inoperative and of ne further force and effect . ,
<br /> 1$ 41 . ( Words and phrases herein , including the ackn lcdetent hereof , shall be construed as in the singular or plural )i
<br /> V g�
<br /> a e
<br /> Wbers and as nasculine , ;eatnene . or neuter fender , accordtr.6 to the context . )
<br /> ��j)
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<br /> `,�'--2� .-,.t i 1. u G rieVA -• ( SEAL )
<br /> „ 1 ( SEAL ) .�
<br /> H1Hksonci
<br /> CA
<br /> ( SEAL ) i'c�l';iF.liCv" r - . '-K-l-- -•- •�^-' ( SEAL )
<br /> Florence L . Hinkson
<br /> ' '`t ( SEAL )SEAL )
<br /> l' ( SEAL )
<br /> .b , t ( SEAL )
<br /> 1i STATE OF
<br /> 4R , 70t q
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<br /> y �e zoom Oi 46
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<br /> f On this day' of � - `^�""" � %� • L' . . 1 ;;/4 . before me , 2 uctary F'ub ' te Sn tntd for sold Country and
<br /> did b
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<br /> Ibi L'. State , personally appeared 1 s • a • • a • a ' • a • • • . • • • 1 . 1 • . • a
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<br /> '! wtme known tobP, t?ettpersons named In and who executed the foregoinnstrument , andacknowledged that they executed
<br /> the sulCP t Edr'31r volal .untary t and deed . n
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<br /> a I) f' . �3 ` Ga<..Oaf type or print name under signature ) ,
<br /> a• . tE ivr - � �e '. Notary Public In and Ior said county and State i
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