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<br /> �, ( 8 ) That in the event aqy awards are made to the Mortgagors or their successors Sn Snterest for taking or demaginB i ! �� .
<br /> E by the exerclse of eminent Gomaln the whole or e,n,y pa.rt of the mortgaged premises or aqy easement therein , the said
<br /> , 1 awaras are hereDy assigned to the Mortgagee ; the Mortgagee 1s hereby authorized to collect , receive , and receipt I'
<br /> ��� a thereSor and to apply the sama Sn payment of any � intlebtedness , matured or unmatured , secureG by this mortqa�[e . � =. •
<br /> i� ;;
<br /> ' ( 7) That Sn the event Mortgagors default Sn the payment ot sa1Q Drinclpal sum , or of any installment thereoi , or ;�
<br /> of a�y Snterest thereon , at the time wl:en the same shall be due , or with resyect to any covenant or conCitlon here- 1�
<br /> of , then , at the opcion of Mortgagee , tha entire indebtedness secured hereby shall torthwith become due and payable, !;
<br /> , . [ shall Deat� interest at the deSault rate described in said note , anG the Mortgagee may immediate�y foreclose this + �
<br /> tmortgage or Dursue any other available legal remeQy .
<br /> . � ���
<br /> ° '1 ( B ) That in the event action Ss brovght Lo ioreclose this mortgage , the Mortgagee shall be encltled to SmmeQSate '� . . � � �!
<br /> j possesslon oi the mortgaged premises , andthe court may appoint a receiver to take possession of sald premises , with � � �
<br /> - 1 Che usuel powers of receivers Sn llke cases . �'
<br /> t?
<br /> ; I ( 9 ) That fallure or delsy of Mortgagee to exerclse any oi lts righCs or privlleges shall not be construed as a j� � �
<br /> 1 waiver thereof • that any act of Mortgagee waiving any speclflc default of Hortgagors� shali not be construed as a
<br /> f( walver ot future defaults ; thac in case af default Sn the j?
<br /> aRY DaYment oi any amortizatlon lnstailments or interest ,
<br /> � � �� or Sn case of payment by Mortgagee of aqy lien , � uagment , Lax , lnsurance , cost or expense , or rents , tees or charges , f� �
<br /> ssSG T1ort5agee shall have the privilege , wlthout declaring the whole lndebtedness due and payable , to toreclose on {j
<br /> � account of such speciflc default for such sums as are in default antl such foreclosure proceedings may be had and 7�
<br /> ! �� the land descrlbed herein may be sold , sub,7ect to the unpald indebtetlness hereby secured , and thls mortgage shall t, -
<br /> conLlnue as a lien tor any unpaid balance . ;�
<br /> � °`
<br /> 1 ( SC ) That the Mortgagee may extentl and defer the maturity of and renew and reamortl2e said 1n�ebteCness , release i;`
<br /> , ,� imm 11aD111ty atly party llable thereon , and release from the 11en hereof portlons oI the yroperty covered hereby �, � � �
<br /> '� wlthout aftecting the prlorlty hereof or the liabllity of Mortgagors or any other party for the payment of said (< . �
<br /> Sndebtedness , all such extenslons , deSerments , renewals , and reamortlzatlons to be secureQ hereby . ��
<br /> ,;
<br /> : �! ( 11 ) TTansfer of Security . It Ss agreed between the Dar'CSes �hereto , thefr helrs , legal representatives anA assi�ts �. .
<br /> � f! Lhat the Sntegrity anQ resDonsibility ot the Mortgagors constitutes a part of the conslderation for the note secureG �
<br /> ; t� hereby , and that in Lhe event the Hortgagors shall sell , transfer , or convey the property descrlDed herein , the i . �
<br /> Nortgagee may at Sts optlon declare che entire indeDteGness Smmedlately due and payable anG may proceed In the en � �, ' ' � �%
<br /> �: ?� forcement of 1ts riEShts as on aqy other default in the terms ot the note antl morcgage . � ; . . .
<br /> 4 s� ( 12 ) ASsl�unent Of PrOceedS of Mineral Leese . HOrtgagOrs hereby CCanSfer , Set Over , anQ cOnVey CO Mottgagee 811 �( ,
<br /> k� rents , royalties , bonuses , and delay moneys Uhat mny Irom tSme to cime become Gue antl payable under any oil , gas , � . . ��
<br /> �i or other mineral lease of any klnd now existing or that may hereafter come into existence , covering the above land ,3 . � � "
<br /> �� or any part thereof . All such sums .so recelved by Mortgage? shall be spplied to the SnGebtedness secureU hereDy : or � �
<br /> �� sald Martgagee may at Sts opLlon turn over and dellver to the Mortgagors or their successors in Snterest . aqy or all !i � � �
<br /> }� 01 such sums without pre� udice Co any ot Mortgagee � s rights to take anC retaln future sums , anQ wltriout Dre�udlce �i
<br /> i to aqy of Sts other rlghts under this mortgage . The transfer and conveyance hereunAer to Mortgagee ot sald rents , "� � �
<br /> ;� royalties , bonuses , and delay moneys sriall be construeA to be a provlslon for the yayment or reduction ot the mort- �� . �
<br /> r gage debt , sub� ectto the Mortgagee � s optlon as herelnbefore provided , SndeDendent of the mortgage llen on said real �!
<br /> � � estate . Upon payment Sn full ot the mortgage debt antl the release of this mortgage of recortl , thls conveyance shall ' fl �^
<br /> become Snoperative antl of no furcher force and efiecc . '
<br /> ; � � ��
<br /> (Words and qhrases herein , including the acknowledgmen.t hereof , sha ZL be con.strued as in the singular or � Lura1 �+ � ��;
<br /> �( nvnbers and as masculine , feminine , or neuter gender , according to the corztext . ) ;� � t ��
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<br /> + �� _. c }�� � . . .
<br /> (SEAL ) I .� t v
<br /> ; �� Dennis L � H ta e ( 5�� � }� . ���
<br /> 4 it ( sea1, ) � Barbar J . Huxtable � S�L ) !� G ;;
<br /> i �
<br /> � �� (SEAL ) ( SEAL ) �� . 3.["'rie
<br /> ! � !�
<br /> .� � 1 ( SEAL ) :.�,
<br /> ( SEAL ) ��
<br /> � � �%� !
<br /> STATE OF � " � � ��`i-���� f,
<br /> ss . �i
<br /> � � �( COUNTY OF �•S� L / >i . . . -
<br /> ; � �j
<br /> ,
<br /> i On Chis �� �/da of ���"��'/! i�' �i - (d
<br /> i � Y , p . D. , 19 _ , before me , a Notary PUDllc Sn and for salA County and
<br /> 1'
<br /> �j � � �.', � . . .
<br /> 3tace , personally appearea T)pnnia T Ni.x abl and B ^ h ^ - 7 H x -- ble ( a � o known as �
<br /> � �� �
<br /> � � Barbara Huxtable ) . husband and wife . ;' � ;
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<br /> 4 ''
<br /> � 1 '
<br /> 1 Lo me icnown to be the Persons named Sn and who executed the foregoing Snstrument , andacknowledged that they executed
<br /> � the same as thelr voluntary act and deed .
<br /> ! � NANCY J. EL ` 1_
<br /> � -f � My �° �S�°Er�Yx�io T� - 9� � " /f, ���%...,,..,- � / �--�'� �.�'�� � f�. .�l� ' I � . � � .
<br /> . 1 � . ' / /L� � .., rr� ✓� �CciT�' E � '� - . . .
<br /> MARCH 8, 7979 lType or print Mbme untler signature 7 � ,
<br /> :+ , � Notrary Pub11c Sn and for said County and State �
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