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<br /> ( B ) Tl�ut ln the aven6 any nn�ards are made 6o tlie MorCgugors or th� l � successm�s tn lr.terr.s? f� . V u.; ur �{ .un ��; 1 � , ;
<br /> by the exerolse o! eminenc domaln Che whole or a�i parc of the moi CP {e,�d Prem1 ses or �iri, ��-a.•c�•i .. � [ i hcr � ! u �I� ��� 1d . � .
<br /> � awflrds are Yiei•eby xsslgned to the MortPngee ; theyl1ortp.,agee ls Lereby :iuchorized co colle �• c , . e�'e ! ve , ,�•� .i ' e - ,' fl'L j . .
<br /> there[or and to apply the stime in paymenc uf �uiy indebtetlness , muwred or munacured , secured by thls morca,-�c;e . � . . �
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<br /> - ( 7 ) That in the event Mortgagors default !n the p�yment. of sald Principal sum , or of nuy SnsrillmenL �� ht [ Pof , or .
<br /> ���� of any lnterest thereon , flG the CSme when the same shall be due , or vdCh respect to any cov�nFnc �r ccndi �� l �u uer� 4 ,�,
<br /> �.,: of , then , at LhC optlon ot Mort�agee , the entSre indeGtedness secured hereb,y st:x11 Iorth++lth beco :�e duc a�id 1ay�i� le , . . . .
<br /> shall bear lnterest at the rate of ten Dercent Per nnnum , ruid the Morcgagee may immedluculy forerlose �ti1 � ��tvac,^ i
<br /> f ;� or pursue any other avallable legal remedy . ; - �
<br /> ( � ( 81 That Sn the .event actlon Ss brnup,ht to foreclose this mortF.BBe , the Mortgagee sha11 Ue entitle� to Siro� disce i '
<br /> � possesslon ot the mortgageA premises , nnd the court may aPpolnt a recelver to take posaesslon of aald premise.� , .+1 [h 1 1
<br /> �i tho usuai pawers of recelvers ln 11Me cases . � '- �� � �
<br /> II, �
<br /> ( �J1 �ChaD tal3ure or delay o1 Mortg¢gee to exercise any of Sts rlghts or prlvllegec �ha11 nut be cons �rued �s i
<br /> ;! waiver thereof ; that any act of Mortgagee walvinp any specllic de![+ult of Mortgagore shall not Ue constc•ued ;s v , � �
<br /> � wsYeeP� oi any future detaul[s ; thaL ln case ot aetault Sn the payment of any amortla.ation 1nst,ullments or S ;;terest � ,, �
<br /> or In case of payment by Mortgagee of nny lien , Jud�r,ent , tar. , insurance , cost or expense , or reres , Sees or c!;arge., �
<br /> saia Hortgagee s1�a11 h2ve the prlvllege , without declaring the whole indebtedness due und Payable , to tcreclose on . � .
<br /> necount of such specltic detault for such sums as are in defr�ult and such foreclosure ProceedSnqc may be had nnd . �
<br /> �' the land descrioed hereln may 6e sold , sub,lect ta the unplld lndebteAness hereby secured , r.nd thls mai•t,e,age �ti�ill � ��. � _ . .
<br /> ;; contlnue as a lien tor uny unpald Dultuice . � i . � .
<br /> ( 10) That the Moctgagee may er.tend und defer the maturSty o1' and rene++ anA reemortlze sc,! d Sndebtudr.ess , rel �ese � '� . � .
<br /> from Llablllty any ➢�'ty llable thereon , and releose from the 11en hereof portions of the property covered hereby , � ; �_
<br /> wlthout alfecting the prlorlty hereot or che liability oi Mortgagors or any other purty for che payment of sald � �
<br /> lndebtedness , all such extenslons , deferments , renewals , nnd reamortlzacions Co be secured hereby . -
<br /> ( 11 ) Pransfer oI Securicy . IC Ss agreed between che parcies hereco , thelr tieirs , 1ega1 repc•esentatSves and assip,n � i ' � :
<br /> ,�, � chat the Snti2grlty ancl respons1b111ty of the Mortgagors constStutes a part ot the conslderation r'or the note ser.ure4 .
<br /> hereby , and tnat in the event the Mortgagors shall sell , cranster , or convey the prop?rty descr! bed hereln , tLe
<br /> Mortgagee maY ac lts optlon declare ehe entlre intlebtedness lmmedlately due and payeble nnd may pr•oceed in che en- . .
<br /> � forcement of Sts rlghts as on any other detault ln Lhe cerms ot the noce and mortgage . �I �.�.
<br /> ( 12) As3lgnment ot Proceeas of Mlneral Leuse . !1o^tgagora hereby trnnster , set over , and convey to MorLgng=e 311 i �: I . � .
<br /> rents , royalties , bonuses , and delay moneys that nay from cime co time become Aue and pnya�le under nny oll , gas , � �, � � �
<br /> or other mineral lease of xny klnd now existing or thnt m3y hereatcer come Inco exlstence , covering che ¢bove lnnd
<br /> or cqy pnrt thereof . All such sums so received by Mortgagee shall be ap;: li< � tc 4he lndebtedness securzd hereby ; o: ( - � .
<br /> � ' sald Hortgagee may at lcs optlon turn over and dellver to the Morcg3gors or thelr successors !n lnterest , a�,� or all �
<br /> , ; ot such sums wlthout pre�udlce to any of MortP�iBee � s rights to tHke and retaln future sums , und wlthout preJud!ce � ,;
<br /> ' to any of Ics othe� rlghta under thls mortKage . The cransfer �ntl conveya:nce t�ereunAer co 11ortgagr.e of sald rents , , . . .
<br /> royaltles , bonuses , and delny moneys shall he construed to �e a provSslon tor [he payment or reducticn et the mo.*c- � : .
<br /> I: � gage debt , subJect Co the Mortgagee � s optlon as herelr,before ProvSded , 1ndeL'endent of the mortgage llen on said recl ( : � .
<br /> estate . Upon payment in full of the mortgage debt anA the releuse of thls mortgege of record , this conveya�ce shall
<br /> �,� � become inoperative and ot no further torce and effect . � ' �
<br /> ( Yords ard yhrases herein , inclvding th.e acknowlzdgment hereoj , shall be cor.str d a: in. the si�ngular or qlva [
<br /> ;� f n�aa6ers and as nasculine , femtir.tine , o+ neuter gerder , accordir.g t the7contezt . )
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<br /> ( SEAL1 / ./ , ( ScAL ) . � . �
<br /> , Jack . Hadenfeldt
<br /> ( SEAL ) � SEALI � i .
<br /> : Karen K . Hadenfeldt � ,
<br /> t ( SEAL ) ; °F.AL ) .
<br /> 3 ( SE6i � � { , ,�.5°RL ) f ' . � . . �_ .
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<br /> i STATE OF DONIILO K, WADELL � ,
<br /> ` QpM�) Ile4ry��lh M Ne6r. �
<br /> ` , �al/ ,y . � �h ConMohabn E,cqres ?
<br /> t cot,^�•['r ot' Wrch 11. 1978 ,
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<br /> On thls 3 9 day ot �'�Uh l� , ;, . ➢ . . !9 � . betore ne , n Kotary Publl .^, 1n aud I'or �nSd Oounty �.r..^. ,• : � '
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<br /> � , Jack L . Hadenfeldt and Karen K. Hadenfeldt , husband and wife . �
<br /> � , � � State , Derso�al_y ap�eared . - :
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<br /> �� ���.�� S to me known tobe the persons nrimed Sn and ',sho er.ecuced the toregolrig tnstrumenc , and ackno��+•tedged thnt �t:ey execu � ed ', �.� �
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<br /> ; .� ( Clie same as thelr voluntery act und deed . � ��
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<br /> r�dtC�i // i978 � �L✓��G �� lU�l��i ;
<br /> � My commission expires . .
<br /> aha�d �`. G(/a v'e l/. � .
<br /> - � T7ype r pr nt name under ; ig �ature � � ,
<br /> : � .. . . . . . . . . .. . . . . . . I;ot2ry Ivblic Sn �nd for sald Co�nt; n . . '.::cc � � .
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