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<br /> �� ( B ) That Sn the event sny awards are mnde co the MortRagors or thrl � �ucr �� � lc ; nr, e :��, t f ..1rtnR. or Cru�iaging �
<br /> by the exerclse of eminent domaln the whole or aryy part of the morrgi, eC premf � vr�, ��r� _r.y - �r� �� [ �,erPin , the snld '
<br /> awards �re hereDy asslgned to the Mortgagee ; the Mortgagee is hereb� �suthor . ,.ed ro col ? F�• c . . F_ ce1 F , s;rd .^ucelpt
<br /> � ttxerefor and to apply the same Sn payment o: any lndebteMess , matureA or un�atured , : � ��,;red b• t � , '
<br /> i r h . .• mor^.gnge . :
<br /> { 7) That Sn the event � Mortgagors deiault Sn the payment of said princlpal sum , or cf say ir.sr, allment. thereof , or �
<br /> of any interesL thereon , at the time when the same stzall be Gue , or wlth re ,pect co any covennnt nr condlLlon here- � . � �
<br />� � of , then , at the optlon ot Mortgagae , the entire Sneebtedness sr,cured hereUy shull fo^thwlth become due and payaDle , �
<br /> . shall � Oear Snterest at the dafault rate Cescribed Sn said note , and the Mortgagee may lmmedlately foreclose Lhis
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<br /> . mortgage or pursve eny other avallable legal remeqy . j .
<br />� ( 8 ) That. ln Lhe event actlon ls broughC to foreclose this mortgage , the Mortgagee sha11 be entitled t� immedlate t � �
<br /> . yossesslon of Lhe mortgaged premises , and the .court may appoinc a recelver to take possession of :;�ld premises , wlth j ;
<br /> the usual powers of recelvers 1 ❑ 11ke cases . f
<br /> ( 9j That fallure or delay of Mortgagee to exerclse any of its rlghts or prlvileges , shall nor. Ae construed as a ± ! .�
<br />. walver thereof • that e.r�y act of Mortgagee walving any speclSSc default of Mortp,agors shall not be constrvetl as a �
<br />. . � walveP of any future detaults ; that 1a case oi deSault Sn the payment of any amortlzatlon Snsf.allments or S �terect , �
<br /> oD Sn case of payment by Hortgagee of sny lien „7udp,�nent , tax , Snsurance , cost or expense , or r=nts , fees or charges ,
<br /> � sa2tl Mortgagee shall have the privilege , wlthout declaring the whole Sndebtedness due flnC payable , to foreclose on � ;`J', . �
<br /> aCcount of such� specific default for such ^ums fls are in detault r�nd such foreclosure p:oceedings may be haC anQ
<br /> � the land Aescribed hereln may be solA , subJect to Lhe unp�iid lndebteaness hereDy secured , and thls morLgage sriall
<br /> � contlnue as a llen tor any unpaid bnlance . � �
<br /> �� � ( 10) That Lhe Mortgagee may extend ann tleSer the maturicy of and renew antl renmortlze said Sndebtedness , release � � : �
<br /> lrom 22atr121ty er:y perGy 1fa01e Lhereon , 3nd re2ease from che lien hereof por- Clons of the property covereG hereby ,
<br /> without affecting the prlorlty hereof or the llaDility ot Mortgagors or any other party for Lhe DaYment of sald
<br /> � �� inQebteGness , all such extenslons , Ueferments , T•enewals , and reamort3zatlon> to De secured hereDy . �
<br /> !� (11 ) Transfer of Securlty . It 2s agreed between the partle.^, �hereto , r,heir helrs , legal representatives and asslgns . � � . � �
<br /> that Uhe Sntegrity and respons1 �111ty ef the MorcgaPors constSr,tir.es n parr. of rhe considerstion for the note secureQ � �
<br /> t� hereby , ancl that 1n the event the Mortgagors shall sell , transfer , or convey Lhe property Aescribed hereln , the
<br /> �k� Mortgagee may at Sts optlon declare the entlre Sndentedness :mmecSlately due and payable and may �roceea Sn the en- � � �
<br /> � iorcement oS its rights as on cxqV oChe^ de 'ault Sn the t.erms ot the note and mortga3e . �� � . ,
<br /> �� ( 12 ) Assignment ot Proceeds of Mlneral Lease . Mortgsgors hereby transSer , set over , an�1 convey to MorLgagee all � �
<br /> � rents , roysltles , bonuses , and tlelay moneys that mcsy ;rom time to tine become tlue anQ payaDle under any oll , gas , ' � � � �
<br /> or other mineral lease oS any Klnd now existSng o: that m.sy hereaiter come Into zxistenr, e , covering the above land
<br /> or aqy part thereof . AI1 such sums . so rece2vel by Mer' gagen shall be npplleA to the Satlebtedness secured hereDy - or
<br /> said Mortgagee may at its option t�irn over and aellver Lo the Mo;tP,ABors or cheir successors in Sntez�est , ar�yor � ell �
<br /> ; ot such suns without pre� udlce Lo any of Morcgnkee � a rtqhts to rak2 xnd reta _ n future sums , und witriout pre� udice � ,. . � �
<br /> j to any of its other rights �mder Ch1s mort3age , The trrinsfe^ nnti conveyance hereun:ier to Mortgagee of sa14 rents , "
<br /> � roysltles , bonuses , and delay money, sha11 be construed to Oe a pro�� lslen [or the psyment or reGuction ot the mort- � . �
<br /> gage debt , sub� ect to the Mortgaqee � s optlon as herelnbefore provldea , Independent of tt�e mortgage lien on sald real ' �
<br /> estate . Upon payment Sn filll O; thC mortgagp tlBbt and the �elease of thls mOI'LgsgC of t2coi'tl , this COnv2y8nCB Sh911 vi
<br /> become !noperative and of no further force an❑ eS�=ct . .�
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<br /> �i ( Wosds and qhrases hereia, inc lwiirtq � he acknowle;lpmer. f hereof , <iya12 be cor.strued as i� the singu2ar or 4ltcral '' � �
<br /> 1 � . nwbers and as masculine , femirz4ne , or ncute- ,perrde- , accovdir.q tp the r_ ontext . ) �$ ; �
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<br />. � ( SEAL ) � . ,' . . .
<br /> � �L�/f.c�i.. (� � �t >.a-F - ( SEAL ) �� . .
<br /> �y�{ , __�,_�_ �� / Ql r�12SE ,�
<br /> ( SEAL ) �� /.� �. . �Y.� i _e ,:. _ ( SEAL ) 'i . �
<br /> ,, Betty J . Tdiese ;�
<br /> ( SEAL ) ( SEAL) 'r: . � .
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<br /> ( SEAL ) ( 3EAL ) ''
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<br /> � - STATE OF .�� b/'�� � � � �� �
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<br /> � couNx� oF !�ir // '
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<br /> On thls ��5�'day ot �v � �'i�i� �ri , p _ p . , zg Y� befo_^e me , n Nocar,� Pub11c in and tor sald County anG
<br /> ; scate , personally appearefl Glen E . Wiese and Bettv J . Wiese husband and wife
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<br />� r to me known tebe the persons named Sn ar.d ivtio exec�,� ted t.he foregoing : nstn�ment , and ar.knov;leCgetl that they executeQ
<br /> � �� the same as thefr voluntary act and deeQ . � �
<br /> MANCYJ. WElr2EL
<br /> , OENERAL NOTARY� N J i
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<br /> MAHCH 6. 1979 `�' ` `xr'� r / �'`r._ <_ �
<br /> lType or pr i ni na unoer s Ignatu�e ) .
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