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<br />' . �- 76. Q05396 _ _ _ _
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<br />� � ( G ) 7'hn� Sn ttie ecenb any ewurde are �auda 6o t.he Mortga�;ors or thel ic� e c •s ln In[cie � t for u3 or ds,n�E . np,
<br /> � by the exercise ot eminenc donaln Lhe whole m� ar� V��'C �: Ch�� murtga�,eA p. �mlae, o� .:iu e ::,e :i: ut Chereln , the . a ?d
<br /> . awerds are hereby esslgned tn tl�e Mortg:igee ; the Murtga6ee is he!•ebp auchori ::ed Uo co ll e�• t , rer. � ive , and recelPt � .
<br /> � [herefor az�d to +ipply the srnte Sn payment of any Sr.tlebtedriess , niatureA or w�r�atured , secur�ed Uy tl� 1s r.ior�tg:i�;e . : .
<br /> ( 7 ) Thst ln the evenc Mortgscors defeult Li Wie paynienc of snld princ ] pn! sum , m� n; 2:iY Snsc31'.men[ chereof , or ��;
<br /> � of any Snterest Chereai , u� [he tline when the seme sh�ll be due , or �vi [h respect te any covensrit or conClCieu ?:��re-
<br /> '' of , Lhen , nc [he epU on ot Mcrcg�gee , ihe ent. lre 1nde0tedness � secured hereby sha11 forth�r:Sth h?come duc uid {iayn6 :e , � � .
<br /> � !; shall bear Inceres[ � at U�e r�te of ten percent per annum , anC the Mortgagee mxy lmmedl �itely fcreclese clils r,��r•t��� e % �
<br /> or pursue uny other svxllable legal remetly . � . ��' . �
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<br /> � ( 6 ) ?I�at ln the event xccion ! s brou6ht to toreclose thls morLP,�Be , Lhe Mertga�ee shull Ge e� ticled to lmsiedli e � . �
<br /> ' �j possesslon ot the mort�aged premises , a�id the court m3y appolnt a recelver to take pessesslon of sald prer�lses , � 1 !h '�.j . . .
<br /> � the usual Fmsers ot recet��ers in like cases . . . �
<br /> � i; ( 9) 'Phat faiiuce or Celay of ttortgasee to exerr. ise xny ot ! ts rights or prlvlleges shall not be CC`IlSlCll�d a, a , � � �
<br /> � �! � walver thereof ; tt�at fl�ty act oi Mortgsgee vrelv: ng any speciflc defaulL ot Mortgagors shall not be entistrued as n .
<br /> - ' ;�: walver of any :uture defaulcs ; thac Sn case of defnult 1n the payment ot any amortlzatlon lnstallments or Snte:est , �!�'. . � . � �
<br /> '�, ar Sn case o!' paym2nt Dy Mortgacee of any 11en „tutlgicent , tax, Insurnnce , co�t or exPense , ar reiits , fees or chs[�qes , ;' . . �
<br /> ' �,' � ssld ttortgegee sha11 have the prlv± lege , �sSthcut declaring the whole SndeUtedness due � auG pnyahle , to toreclose on - . �
<br /> .. account of such specltic aefuult for such ^ums as ure in default �nd such fo�eclosure proceedinqs may he liud �a.^. ,
<br /> � the !nnd descrlbed hereln may be sold , suh� ect to che unF31d lndebtedness hereby secured , anS Ch ± s mortgsge shall . � � � .
<br /> contlnue ns a 11en for 2ny unpald bulance . -. � . �
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<br /> ( 10) 'fhat the Mortgagee may e>:tend and de:er Che maturlty ot and rene�+v xnd reamortlse sald lndebtedness , releese � . . . .
<br /> {�� from llabilSty sny party 1lable Cl:erecn , aad release frcm Che lien hereof portlons of the properCy cavered llereby , � ��, � .
<br /> � •xithout affecting the prlurlty hereof or the ! Sabillty o! "!ortga3ors ur� any other party fur !he paynient ot sald ; . , �
<br /> Sntlebtedness , n11 such extenslons , determents , renewals , and reanorWzations to be secur2d hereby . i ; . . .
<br /> n� � � ( 11 ) � Transfer of � SecurlCy . IC Ss aqreed between the pa;tles �hereto , [helr heirs , legal representatives and as;i��s , ' :, . � . .
<br /> chst Lhe Sntegrlty and responsibili:y of the nartgagors conscStutes u part ef Lhe conslderation for the note see�red , � .
<br /> � herehy , and that lr tt;e evenC the Mortgngors sh+:ll sell , Lrmisfer , or cmive, the preF�t'cy descrlbed her2ln , the � �
<br /> Mortgegee may a! 1 [s option declare the entlre Sr,debcedness lmmetllately due and payable' ar,d �nay proceed : n the en- �.
<br /> � farcement of Sts rSghts as� on =n,y ocher default Sn the cerns ot tne noce and morcgage . .
<br /> �r . ��'. ( 12 ) Asslgn.men[ of Froceeds of Mineral Let:se . Mortgagors t:ereby trr�nster , sec over, and convey to Hortgagee all 's ; . � . � .�
<br /> rents , royalties , bonuses , and aelay moneys th:t ney trom tlre Co ti!r.e become due and payable under an�• oil , gas , :
<br /> or other mineral leese of �ny klnd :io•�e exlscing or !hat may hereafter come into exSstence , covering thc above lund
<br /> � � � or any psrC thereof . All such sums so recelved by Horte;aSe? :hall De applictl to the Sndebtedness secured hereby ; or � . .
<br /> ��{ i sald Mortgagee may at lts option wrn over and deliver to che htortq3gors or their successors ln Snteresc , any or sll . .
<br /> : e [ such sums n�lthout preJudlce to ary of Mert�agee � s i•lghts to Cake and retaln future sums , a.�d withouc pre�udlce �
<br /> to ¢ny of its other riahts imder t1�3s mer[.s;.e . The t:•ansfer and ee[n�Gyance he:eunder to I;ort,c,agee ot sntd i•ents , . .
<br /> rop3lties , benuses , and d2'ey mcneys sha11 Ue censtrued to be a prcvlslcn :o!� Uie payc;eut or reductfon of the mort.- �
<br /> ' gnge debt , suDJectto Lhe No.^tFagee � s opclen as he:eln6efo^a Provided , llidepen�ent of che rsorcge�e lien on suld rezi � . � �
<br /> '� estate . Upon payarent Sn tul? ef the mortgage deDt and the release of Chls nurcgaqe ot record , this conveyance sha11 � .
<br /> � beccme Snoperative and ot no further force and efiect . '� ' . � . �
<br /> � eor3s and F+nses herein , includin ! F.e acknowled rent hereo shal [ be cor.strued as irt tF,e sir.puIar or {� [urai �
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<br /> ' '{�. r.�exbzrs ard as mascalin2 , fe^ir. tirz , o' neuter ger,der , ¢ccordir.g to the contex: . J . �
<br /> ' q (((��� Schroeder Corn and Cattle Company , a
<br /> ' : C J l�t � � c ( SEAL ) Nahra �ka Cnrnnrahinn ( S�L ) �
<br /> � Fred D . Schroeder � � p � A � `
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<br /> ' Fred r � esident �
<br /> ' ; srA� ) ATTEST : � � '._ . � . tar � ��'nL ) f`
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<br /> � � STATE OF , V � ���tn4 ��'/ � " " FORM 2181 ( Rev . 12-72) � '.
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<br /> %�� COUNTY OF n 4 /` �� � ���� �
<br /> € � Os�oMlm� t�M
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<br /> ' Se.�sncb�r , A . D . , 59 �. �efore me , a Hotary t�c�X ��. d�� sald County and
<br /> � c� ; ' On thSs %o rJ� dqy of '� �
<br /> St3te , personally appeared Fred �S . SchtoedeL , tu me prc•sonally kna�+.n [o be Lhe Stlenticnl RQI'�on � �
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<br /> H�ho executed [he fore6oing lnstrument , who being by me duly sworn did sny that he Ss President I �_ �
<br /> :- ! � oI ssld corporation : thst said Snstrwnent Has sSgned and sealed 1n behslt ot sald corporatlon , nnd ucknowledged I
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<br /> � sald Snstrument to Ue the free ana voluntary act and deed of sald cerporatlon by St voluntorll;; executed . .
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