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<br /> 1j` ( 8 ) That in the event aqy awards are made to the Mortgagors or their suCcessors ln lnterest for taking or damaging ' �
<br /> , I� by the exerclse oi eminenc domain the whole or any part of the mortgaged premSses or aryy easemenc cherein , the said �
<br /> ; awards are hereby � asslgned to � the Mortgagee : the Mortgagee is hereby authorized to col2ect , receive , and receipt
<br /> ' 777 therefor and to apDly the same 1n payment of any lndebtedness , macured or unmacured , secured by this mortgage . ��
<br /> i III� „
<br /> � ( 7) � Thac .in the evenc Mortgagors default 1n the D�ent of said principal sum , ar of any inscaliment thereof , or { �
<br /> of aqy interest thereon , at the time when the same �shall be due , or wltn respect to any covenant or condition here "
<br /> � � oS, then , at the optlon of Mortgagee , the entire lndebtedness secured hereby shall torthwith become due and paysble , �{ �
<br /> j shall bear intareat at the Aefault rate described �in sa1A note , and the Hortgagee may immediate�y foreclose this �
<br /> !� � - mortgags � or pursue aqy other aval2able legal remeQy . i�
<br /> I
<br /> ; . ( 8 ) That in the � event actian Ss brought to foreciose this mortgage , the Morcgagee shall be entltled to immediate ��
<br /> " Dosaession of the �mortgaged Oremises , andthe court may appoinc a re�eiver to taKe possesslon of said Dremises , with ��
<br /> �-� the �usuat powers of receivers 1n ilke cases . �f �
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<br /> � . ( 9 ) � That Iailure or delay ot Mortgagee to exercise any of Sts rlghts or privileges shall not be construed as a t �
<br /> �� waiver thereof : that any act of P;ortgagee waSvinK �Y ^Peciflc de2ault of Mortgagors , shall not De construed as a If �
<br /> waiver af a[Ly futvre defaults ; that in case of default 2n the payment of any amortizatlon SnstallmenGs or interest , 1) �
<br /> ` � or Sn case of payment by Mortgagee oI sqy lien „7udgment , tax , lnsurance , cost or expense , or rencs , fees or charges , (i
<br /> sald Mortgagee shall have the prlvilege , without declaring the whole lndebLedness due and payable , to toreclose on ?�
<br /> � � account of such speclfic default tor such sums as are Sn default and such foreclosure Droceedings may be ha6 ana �
<br /> . Lhe lanQ Qescribed hereSn may De sold , suD,7ect Lo the unpaid indebtedness here0y secured , and this mortgsge shall !j �
<br /> � � � continue as a lSen for any unpaitl balnnce . . ;F -�
<br /> �;
<br /> (10) That the Hortgagee may extend and defer trie maturlty of and renew and reamortlze sald Sndebtedness , release f�
<br /> ; ftrom 1tsb2llty any par[y 11atle thereon . and release fram che lten hereof portions of the DroDerty covered hereDy , � �
<br /> , � 't without affecting the priority he:eof or the liabillLy o: Mortgagors or any other party for the payment ot sald �; �,
<br /> � SnQebtedness , all such extenslons , deferments , :enewals , and reamortlzatlons to be secured hereby . 'i
<br /> i �
<br /> � � ( SS ) Transfer of Securlty . It Ss agreed �etween che partles �hereto , thelr helrs , legal representatives and asslgis t� .
<br /> ' that Lhe Sntegrity and responslbllity of Lhe Morcvagors constitutes a parT, of che consideratlon for the note secured '� �
<br /> j ti hereby , and that Sn the event the Mor[gagors shail seil , transfer , or convey the property descrlbed hereln , the �� �
<br /> j Mortgagee may nt its oDtlon declare the entire Sndebtedness Immedlately due and payable rind may proceed in the en-
<br /> �! forcement of its rights as on aqy other defaulc Sn the terms of Lhe note and mortgage . '
<br /> a ��
<br /> t � � ( 12) Assignment o2 ProceeGs of MLneral Lease . MortgaBors hereDy transfer , set over , and convey to Mortgagee all � � � �
<br /> . 1 rents , royalties , bonuses , and Gelay moneys that may from time to tlme become due and payaDle under any oll , gas , :
<br /> ,.'; or other mineral lease of any kintl now existing or that may hereafter come Snto exlstence , covering Lhe above land �,
<br /> . � �f or aqy part thereof . All such sums . so received by Mortgagee shall be applled to the Sndebtedness secured hereby : or �� ��
<br /> , � said Hortgagee may at its opLlon turn over snd dellver to Lhe Mortgagors or their successors Sn Snterest , any or all ,,A !
<br /> of such sums wlthout pre� udice to any of Mortgagee � s rights to take and retaln future sums , and wlthout Dre�uGice
<br /> to any of Sts other rlghts untler thls mortR3ge . The Lransfer and conveyance hereunder to Mortgagee of sald rents , �� ?
<br /> �.�3 � royaltles , Donuses , anQ delay moneys sha11 be consLrued to be a provlslon for the pxyment or reductlon of the mort- `'
<br /> ' gage debt , sub� ect to Lhe Mortgagee � s optlon as herelnDefore provlded , 1nAependent of the mortgage lien on sald real �� �
<br /> � i estate . Upon payment in full of the mortgage deDt and trie release oi thls mortgage of record , Lhis conveyanCe shflll i� � 1}
<br /> Decome inoperative untl of no further torce and eftect . �, - 5 ��
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<br /> i � (�Vards and qh>ases herein , inclvdir.g the acknowZedgment hereof , shal2 be construed as in the sinqular or y6ural � . �
<br /> 't nvmbers and as arascuiirte , feminine , or rzeuter gender , accord {r.g to the context . ) � � ,n '� . � "
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<br /> �� STATE OF�'� C ��� �� Q- I� �
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<br /> �� COUNTY OF �2_ �� i? ; x.;a.
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<br /> �day of _ �y�� � , A . D . . 1 �3 ��Defore me , a Notary Public ln anQ for sald County anQ if , �4 �
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<br /> i scate , personally aPDearea Louis R . Eneel �nd Jovice N . Enf�el _ husband and wife . 'I ; �; ,
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<br /> . � � to me known Lo be Urie persons namea Sn and who executed LriA for=going inst^iment , and xcknowledged Lhat they executed '� : . . � . ` ;
<br /> ��i , � � the same as thelr voluntary act an1 deed . .� - �
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<br /> NANCY WEITZEL q `�, / .,( > ;
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<br /> �,; MARCH8, T979 ( Type or nt name unCer signaturel ;� � � � , y 4
<br /> �;, � � . Notary Pi:bllc Sn anti for sa1Q County antl State � i � � �,
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