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<br /> � . . ( d ) Tha� in tne nven6 my' swnrda srn mado eo tho nortp,agors nr thclr sucaessorn in lutern.^. [ for tuking oh damngtnB �� y
<br />! � by the .s%aPC18C+ bt� � erolnBtlt d0tAn1A th0 wllol2 � tic ruiy pnrt�� oC LhB � mbPtRB�;CA ' DPQtA1SB9 tlY BTIy � ��lRpmCllt ChBtB111 , che � saltl 1�
<br />�; . awerde ePe DCt'Bby. . ass1gt10d ; t0 6lte � MOPtgtiqntf ; �� thR MOCtgnfteB 1 � heruby au�horlxed to col � er. t , recelvo , � . nnd recolpt �
<br /> therieftlr end to apply t1�e snmu !n UWmCnt of any indobteMess , mature� or ' unmutured , socm � � by thin mortgaRe . ; ,
<br /> _ ( 7 ) 'Mfat in theruvenC Mortgagors default ln Che payment ot sa1Q PrinclpAl �um , or at auy lnstallment thereot , or �� ; ,
<br />� of utw lntereaC thoi�eoq , at the tlme . ivhan the seme nhall be due , or wlth respect to at�v covennnt or condltlon here- +i il
<br /> i} of , then', at Lne ' oDtlon ot MortSagee , the entire indebGednesa securcd herebY shnil `forthwlch Decome due nnd puyable ,
<br />� shall bear lnterpst at the ratn ot ten percant por annum , wttl the Mortgagee mqy lmmedtete �y forenloae th15 mortgage ( � , � , ir ' , e
<br /> or quraue eny othor nvnliehle Segal remeqy . • : F k
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<br />� ( 8 ) 11iat irI GhB event actlon in brought to fnrecloae thls mortBage , the Mortgngee shall be entltled to immedlat¢ i � a � E
<br />� Possesaion of ' the morCgaged premises , andthe aourt m�v appoint e receiver to talce ponsossion of snld premises , wich ( ; + � � "' � },�?
<br /> the usual Dowers of receSvere ' in llke ; casea . �1 t r � � �
<br />� 4
<br /> ( g ) That faliure or Celhy. of Martgagoe Ca execcise any of ita rights or priviloges shall not be conatrued us a i � '` � r , � � 3.'9r
<br /> Waiver thereof ; that sqy , not of MorCgagee wnlying eny , specific AotaulL of Mnrtqagure ahall not be co�igtrued as a � �r ti +: � ���{
<br /> walver . 6t sqy tut�re ' detaultg : ttlaC ln c�se ai default in ahe naynsnt ot any,, emortlzation lnstalimencs br intereyt �� k
<br /> S ot in casn of payment Dy H6rtgagae .of an,y llen , � udp�nenc , tnx ; insurance , cose or expense , or rencs , teea or chsrges : �, ` < < , �
<br />� , ; SaiC Mortgegce shall have the yrlW.lege , without declaring Che whole inAebtednpss due unQ D�VnDle , to toreClose on , � ,. � � " ; i1�
<br /> r aocount' ot such :specific tlefaulc tor such ' sums as are !n -0efault and .such foreclosure yroceedings may be had nnA .. { i. ; ;� I �+ �qY
<br /> fi : the land descrlbed herein may be so11 , subJect to the unDald Sndebtedness ; hereby secured , and this martgage shall : ��t ';" � t,�
<br /> cotttinue as a lien for any unpald hnlnnce . �I � 'w � �� p �,
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<br /> 110) That the Mortgagee may exLend and defer the matur7ty ot ead renew and resmorflze sald lndebLedness , rele�e ii � � { ) ,1 :,
<br />� � . tram : labillty srly party ] Sable thereon , nnd release from �he - 11en hereof yortlons ot -the prqDprtY covered hereDy , �1 f� : , �� ,
<br />�, wl �houc affecting the Driority hereof or the lie� ility at , Moi•tgagors or nqy other party Sor the payment of said . E� ; ,��
<br /> tndebteMess , uli such extenslons , determenCs , . renewals , end . reamurtlz¢W ons to be secured hereby . �� �,' � � �
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<br /> 2; , ( 11 ) Trenster of' Security . 2t is ngreed between 6he partles hereto ; their helrs , legal representatives and assigns , �� r,, ` � ; F 5 u k�
<br /> C , thaC the lnt'egrity` ana resDonslbllity of the Hortgagors constitutes n pnrt of the conslderatlon tor the note secured ' ; 1 '
<br />� hereby ; and that ln the : event the ; hortgagors shull ^ ell; transfer , or convey Che proDerty described herein , the + �, ;. ,. � s�? S
<br /> Hartgagee may at 'lts optlom . declare the entire indebtedness immediately 4ue and payable and may proceod !n the en- � a, � ail.
<br /> y , ' ° ' Lorcement af lts r1�Cs ns . on artY other default � n the ` terms ot the note and mor [gagei ' _ 1� �, r ' r ;h,
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<br /> ( 12 ) Asslgnment o ! Proceeds of Mlneral Lease . MorCgagors hereby transfer , set over , and convey to Mortgagee ail �} , , y2<,;
<br /> f� � rents , royaltles , ` bonuses ;, and delay moneys that may Srom tlme ta tfine become due and payable under atiy oil , gas , c p` + a r1,���v.
<br /> r or uther . mineral lease of any kind now existing or that may hereafter- come 7nto existence , cavering the above land ': �� ,4 y . , 7 ��
<br /> or any ; part theceof . All such sums so recelved :bY Mortgagee shall he upplied to the indebtednes& secureQ hereby ; or E y
<br />�.� ` ' sald Hortgagee may at lts option twn over and Aeliver to the Nortgngors or : their successors . ln interest: aqy or ell ak �+, + � � r�
<br /> oi sucfi sums wlthout. pre,ludfce ta aqy ot Mortgagee � s rights ta LNce and retaln future sums , and withoutJpre� udloe � i �' i �'�
<br />�j ; } to aqy ut its ' other rights under this ' mortgdge . The transfer` and conveysnce hereunder to Mortgagee of ;saiQ rents , ;. �� 5 � 5 �4��rna
<br /> ', royaltYe9 , Donuses, and tlelay mon=ys sha1T lle construed to he a• provision for the payment . or reductlon at the mort- �i j' 1 � �� r�
<br /> 7 pj gage debt , nub� eatto : the Mortgagee � s optlon as herelnGefore provided , Sndependent ot the mortgage lien. an snld mal : ,p , z ; v r�� # �;�p �.
<br /> Yt estate . . Upon payment in fuli of the mort�age tlebt nnd Lhe release of thls mortgage - of record „ this conveyance shall ; �! ( � Na�x,�
<br />�� 4; . " become irioperative:' and • of no furaher ,force and' 'effect . „ �; ( � t r ��
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<br />�� (� ( Nords and bhrases herein, including' tha acknow ! ¢dgaent hereof , shall be construed ns in the ' singular or ¢ 2ural ' i ' � ,„u "��c � i
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<br />� � �� COUNTY' OF ' TJ2� �� uta��h 11 ; 19�8 � . . . . . .. . . . i� •�; �
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<br /> � �S ' On thls �G day of _�Ar � � . A . D . , 18 7� , before me , a Notary Public in and for seld Cwnty and �� i t , � +.
<br />� wt seace , personally aypearea Wilbur L . Spiehs and Carol J . Spiehs , hueband and wife , E r ,
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<br /> t a �. to me known toGe .�. the person� � named ln and who executed the Soregoing � lnstrument , . and acicio�ledged thaL � they executed �1 ?
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