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<br /> Y � . . ( B ) 'Ph�t, � 1n Lhe evenC� sn, n�� erCs ire made eo Lhe MorG6 gors or lnc ll sicr. ess�;rs 1n lnteresc fo^ tak. !ng ar Avvna�ln,v, f . .
<br /> � by the exercise ot eminenc domaln � the whole or •vp' U�'-'[. u: che ro� tv,i�;ed prr.R,lses or ary e�s�^�� ,iC shereln , the ssfd �
<br /> � xwar•ds ac•e hereby ussSqned r.o clie Mor �gagee ; !he tfortF.ig�e is hereby :�uthorlv.ed tn callecc , receive , xnd [�r. ceipt . �
<br /> . , therefor �uitl to ap,l;; th� same 1n paymr.nt of 2ttY ! rdebteclne::s , mature^ cr uneatured , ser,ured G;; t�Lls mort✓sNe , � .
<br /> '� ; 7 � Thet !n the event MCrtg:igors defeiulC ! n Chu payr.enL of sal [f princlp�ll sum , w.� ef anp lnsl.allment thereof , Ur � � � . �
<br /> � of ur�y SnCerest tl�ereon , e6 tihe cSRe when the snme ,hail be rLie , or cr16h respecc to any covenanc or cend ? ticn Iwre- � �
<br /> � ot , then , at [he opt,lon of Ilorc�.s;;ee , r.he entSre lnde�tedness secureA hereby stmil forthwlth Gece.m,e Gue and puyable , � ; � .
<br /> � shall Dear lnt2re�C at the rute of ten percent pe[� wmum , ruid !he h:ortP,�6te mey lmmedl [icely [ereclose !liis riortgnge � �
<br /> . or {:�rsue any other avallable legal remeQy . � - . .
<br /> , � ( 8 ) .Thst !n the event �ctien Ss � hrougltt cn IVC^LIOSf Ch1s n�i[•CF,86e , the Morcg¢Kee ,halt be entltle� to ! mriedlute . � � �
<br /> possesslon ot Che mort�oged prenlses , and tLe court may appolnt n recefver to take �.�ossesslon of sald premtse3 , xKlth . � � � .
<br /> the usual powers ef recelvers !n llke ca,es . - � � -
<br /> ( 8) That lallure or delay of MortRa6ee co exercise fmy � of lts i• SBhcs er yrSvileges sha11 noc be conscrued as z � � � � � �
<br /> 'nniver thereof ; that � e�y act qt NorCgagee '++a1 �� 1nF �i�iy s;:e::1t1c Cetault of HorLgagors cha? 1 not be construed a�; a � � - �
<br /> na,ver oi wiy :uture defaulcs : U�at- :r. r,ase of def+iult Sn the p•r.yment ot any amortizatlun Snstall�entc . or lncerese , � . � .
<br /> ' ' or in ca,e ot payment Ly Mort�sp,ee o! any ilen , Judgm=nt , tax , lnsurance , cust o^ exU°��se , or r?nts , fzes or chsrges , � � � � �
<br /> ' � ; sald Mortgsgee stinll huva che privSlege , without declerinq the tsitole Sndehtedness Aue and payrsble , to torec ?o,� on � � � . . � . � �
<br /> account of such specific defauic for �uch sucns as are ln detault . end such fereclosure proceedSnp,s may be had �ind . � , �
<br /> the land �esci• iCed herein m!sy be se1C , �ub� er, t ce t.he w;pnid indebtedness hereby secured , ar,d chls nortqage sh<+. 1 � � � - � . �
<br /> � , continue as a 11en for �iy unpald bal:�ice . � I ��: � � � � .
<br /> ( 10) That � the Mortgagee m?�y excend and defer C!�e mnturlt;� ot and renew ar. A re�mortize sald Indebtedness , relense � � � � �
<br /> , froei 11ab1115y any party ? laLle LLereon , .i[�d release trcn the 1 ! en hereof port ! ons of � the Droperty covered hereby , � �� , . �
<br /> �elthout atfecting � the Gi•Sorlty i:eruoS o:• the llab111t;; of h;crtgngors ur ar.y other part.y tcr che payment of sald � . � �
<br /> � ( ln�iebtedness , all such escenslor.s . de:ereer,cs , renen:ls , and rran�ort± �et ± ons to 6e ,ecured hereUy . � �
<br /> ; 11 ) ;t�anster of Secu^Sty . IC Ss �;,rcen bet��veen ct? P�'tles �hereco . !he ;r hrSrs , leF,81 representatives unA a,sSgr:s , � ���., .
<br /> { chst the int`egrity �.�d respensih111ty of the Mert:,ugers conac ± tuces a pert of the cor,slderatSon tor the note secured � , . . � . �
<br /> � hereby , srid Cliat Sn ttie zvent. che !:artgago:•s si:�t11 seli , tr��sYer , r,r convep• ttie p:opercy described hereln , the . �
<br /> ;Iortgegee mey at Sts optlon declere ct,e entlre l:�debtedness 1-:metli �cely Cue and FayaUle and nsy praceetl Li the ea- . � - . � . �
<br /> � forces:ent of 1 !.s righcs as or, aqy . othar defeulc !n the terms of the ne!e anC mortqa,v,e . � :; . � � � �
<br /> � ,i � { 12) Asslgnment of 'rroceeds of �1[rie;a! Leas^ . Mort;sgors tiereby transfe: , set over , a�id comey co Nortgagee a! 1 i �, � � � � � . - �
<br /> :ents , royalU es , boruses , and dela, mcneys thst :^ay fron tlee te tin� beco��e due ard payable under 2ny o11 , gas , � ; � � . � _
<br /> � o: other minernl � lease of a�y kiud n��w ex ! sc1nE u; tCat ney he*�eafter ce;�e into exlstence , covering the a0ove land � ,, . �
<br /> cr aAY parG chereei . f,21 s �ch :>w s ;e recelveA b� ^?�r[gaqee st:a11 be applled co the Sntlebced.oess securzd hereby ; or . � . �
<br /> " � � sald Hortsagee may st 1ts op!� lon Curn over s:id de ?!ver co [,he F�ortg:�gors or cheir succzssors Sn interest , eny or a1 : � ; � � �
<br /> � of SL'CIl sums n�lthcut pre,lndice to s::y c [ N.00C�3gBf � 3 rich�s ta t�Re und re.ein future SllrtIS , 3iiQ wlthout preJudlce � � . � , �
<br /> to any of � lts octter r.;h[s urider t!;Ss n��:tgahe . . 7he transfer e�id ccnveyanc� hereimder co Mcrcgagee ot s�ld rents , � .
<br /> roysltles , Oenuses , er;d dei :y :�cney }�a� ? Uc censcraecl to Oe 2 previ ;ien for the pay�ent or reductSon ef che morc- j � � �
<br /> x :�e Uebc , sub� ect to [he ;;�rcgac,ee � s opCloa 2; l�ere ±nDetora p.^evld?d , SnCepenQent of [he morcga3e !Sen on sald . rnel � :; . � . . ,
<br /> est�te . Upon Dayment Sn tull o` the �:,eit,..sge Ce�C :�id the :alesse of thSs r�orcgage of recqr�+ , [h! s conveyance shall � � � � .
<br /> become � lnoperative r.�ad � of no further ferce ar.d etfect . � ��, � .
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<br /> � � (G'or3s ard phreses h.eresn , ir.cla:i.ir.p tr.e ackRa� :ed�r.ent F.ereer, ;?.ali Ce cor.strved as in the singular or plursl � � � . � � � � .
<br /> n:cM16ers as3 as ra,cultine , fensr,tir.r , or r.ester ce.ier , acccrdir.q Lo t 'r,z cOn [est . ) , � � � � � �
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<br /> �/j' �,// � Dianne /M':JQuandt � La/u) ra R . Bpoersen �
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<br /> ' Albert C . Quandt 41111iam L . Boersen ����j '
<br /> y: � . ( ��AL ) ( SEAL1 � �.,: .,' . � � .
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<br /> r� , �� S;ATE 0'i �`'�QG/-as �f'a OONALD K WADELL 1 � �
<br /> Cmere� Notary.5tnte ol tVe�r. � . � � : .
<br /> T ' ` � ., HJ lI �y Aterrh �11�19 8�res �
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<br /> scar.e , ver�onal :; st%;:e:ree Dianne M . Quandt (also known as Dianne Quandt) and Albert C . �
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<br /> y Quandt , wife and husband , �
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