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<br />� . � �.39 � . . _ .
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<br />� s�-� 76. � 05396 _ � .;
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<br /> q � . . ( (; ) That Sn the event an, av,srds are m�+de Lo t.he Miortgagors or Lhelr sucr, essnrs ir. lntere., t fcr ?akinF or dum�;�lny, �
<br /> Uy the exerclae of eminenc dcmaln Lhe �vhole or any part of the nort{;a�;ec1 premises m• any e��r.e�aeiiC Lhereln , Che :;ald �� �-
<br /> � awnrds are hereby nssignetl to the rlortgaF;ee ; the MortF,�B�e is her•eby iiuWiorized to col '. ecc , receive , and recelpt �' � �
<br /> �. therefor eud to apply Che saioe ln paymant of atiy lndebtecLiess , nstured or unmaLured , secw�eA b;; [hls mortFaF�e . .
<br /> �� ( 7 ) That !n the event Mcrtgn�,ors defuult !n the paymenc of seltl prinr, lpul sum , or of az�y insta] Iment thereoi , or �� � .
<br /> . ��1 oi aqy lnceresC � r,hereon , ac the tlme when the swne shall be eiue , or wlth respect to any covenan6 or cend ! Clon here-
<br /> � j��', � o [ , then , at ehe optlon ot Nortgagee , Lhe entl[•e Sndebtedness secured hereb.y shall forGh��vlth br, c.nme due and p�y�iGle , �
<br /> � shall bear lnterest at the rnte of ten percent per annum , end W�e Mortgngee m�y immediutely torer, lose this ¢r,rtgage e � � �
<br /> or pursue any other xvnlluble legal remeAy . � � � � -
<br /> � � � ( 8 ) Thac in the event action is broughc to foreclose thls mortgdge , the MortEagee shall be enC1 [ led to lmniediate . . � . . � �
<br /> - j�' � possession ot� the mortgaged premises , andthe court may appofnt n rer,eiver co cak.e posse,slon oI srild premises , wlth �,; � �
<br /> . ;i the usual po�eers ot receivers ln 11Ae cases . . ;� � � �
<br /> �
<br /> �� ' ( �J ) That L� llure or delay of MortP¢Eee to exerclse any of ! ts rlghts or prSvllege5 sh311 ❑OC bB construed a; a .
<br /> � �( walver thereof ; that ariy act of Mortcagee walving any specStic default of Mortqagors shall not be construeA as a �. � � � �
<br /> � � �� v�ulver ot any future detaulcs ; thac in case ot detault in the payment ot any :unortlz¢tlon installments or Snterest , .
<br /> . �. 1�� or In case of paymenc � by liortgugee of aqy 11en , � udgment , tar. , Insurznce , cost or expense , or rerts , fees or chirges , � � �
<br /> . �! sald MortP,BBee shall have che privilege , v+ltheut derinring the whole Sndebtedness due and payaDle , to foreclose on � . � �
<br /> account of such specSfSc default fa• suclt sums as are ln deteult and such foreclasure proceetlings may be hnd snd � �
<br /> the land describod herein m3y be sold , suU� ect Ce the unpald lndebtedness hereby secured , and Ct� ls mort�age shal] �� � .
<br /> contlnue as a llen for any unpaid bslance . � � - - �
<br /> , �:� ( 10 ) Th3t the MortEaEee may extend and defer the mscurlty of and renew ar.d reamortlze sald Sndebtetlr.ess , releflse ( , . - � �
<br /> trom licbility any party liable t2�ereon , nnd rele�se from cLe ! Sen hereot portlais o!' the proP�rty cuvered hereby , � �: , - �
<br /> � v+? chout affecting t�e prlorlcy hereot o:� the 11flbS11LS' of Mortga�ors or� eny ocher psrty for Che piymenc of saitl � � �
<br /> j�j indebte;Uiess , a11 such extensions , dete.*mencs , renewals , and reamortlzatlons [o be secured hereby .
<br /> . -�� ( 11 ) Transfer of Security . It Ss ngreed beCxeen che purtles here [o , chelr helrs , legal representatives flnd ssslgns , . � � � �
<br /> I�� that Che lntegrSty and respons±blllty of the Mortgagors conscltutes ❑ parG of the conslderatlon for che nate secured �
<br /> hereby , as�d that in the event the Mortgagors shall sell , transter , or convey the property descrlbea hereSn , the �
<br /> Mortgagee may at Sts optlon declare the entSre indebtedness lmmeAintely due and payab !e � and r.;ay proceed ln the en- ' .
<br /> torcement of 1ts rlghts as on any other default Sn the terms ot the note nntl moregage . � �
<br /> � , '��' ( ( 12) AssiPnment of P[roceeds of' Hineral Lease . Mortgagors hereby transfer , set over ; and convey to Hortgeu,ee all �
<br /> � ��_. � rents , royalties , bonuses , and delay moneys thac may fron time co tlme become due and payable under any oi1 , gas , �
<br /> or cther m±neral lea,e of any 'r. lnd noN existing ar th�t may tiereatcer come into exlstence , coverlr.g the above lazid
<br /> � or nny part thereof . All such sums so recel��ed by ;5orc�age^ shal ! be applled to the lndebcedness secur•ed hereUy ; or ;�
<br /> '� � p; � sald Mortgagee may at Sts opclon turn over and dellver to the :^.ortgaEol's or thelr succe;sors !n Snteresc , any or a11 � �
<br /> %� . ;' of such sums wlchout pre� udlce to �ny ot N.ortgagee � s rl�hts to taY.e and rec2ln tuture sums , und wSthout preJudlce ;; � . � � �
<br /> � to any of its other rSghts under CAis ir.e.�tR-'r?e . 7he transCer and r,onv�yaince hereunder to Mortgagee of said rents , � I
<br /> j� ;oyalties , bonuses , ar.d delay moneys sha11 be cer.strued to be a prevision for the payment or reductlon ot the morc- ; �
<br /> ; gage debt , subJectco che 11ortqagee � s opGlon es hereinbefore prov±ded , SnAependent o: the mortgege lien on said reel �
<br /> r� esta[e . UPon paymenc 1n full of the mort�r�ge debt antl the release of Chls mortFage ot record , thls conveyance shall �{ �
<br /> �- � �.i ( become Inoperative and ot no turther force and etfect . . � ' �
<br /> A
<br /> � � ( (Vords and yhrases herein , includinp tF,e ackna.� ledgrr.ent hereoJ , shalt be cor.strued as in the singular or � lurai �' �
<br /> nw,6ers ard as r.ascuttir.e , jer.inine , or r.euter gerder , according to the context . )
<br /> � C / (\ � G/_^� Schroeder Corn and Cattle Company , a
<br /> ., ;; �a�w ( SEAL ) Nahracka Cnr�nrarinn ( SEAL ) .
<br /> � Fred D . Schroeder � ����
<br /> � � sem. l B ; sen[. )
<br /> � Fred P esi ent �
<br /> � ( 54aL1 ATTEST : � � - - � ( s�AL )
<br /> Fr . .4D ��eiti,. tary -
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<br /> . ( S4hL ) I.SEAL� f . Cn ( SEAL ) .
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<br /> a , On this � t day of ! �rf , ,, . p . , 1sCL, beIore me;: a tiot � ?ublic Sn antl sald County nr.d � �
<br /> ` Stnte , Gersonally appeared Fred D . Schroeder . single . � i �
<br /> ` 8l�MLIIORAIIY• ��fM�E�. � ,
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<br /> � �, JAMIIMYlD. If?Y ,
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<br /> t (� � to me knovm tobe tY�e persons named Sn and �•+ho execuced the fore3oing lnstrument , anC acknuv+ledged that th^y execuced � ;
<br /> {: � [he sane as the:r valicitary scc ana deeti . ! ':
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