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<br /> ( 8 ) That in the event any awards are made to the Mortgagors or thelr successors in interest tor taking or demaging Gj � �
<br /> . by the exerclse of eminent domaln the whole or ar�y part o2 che mortgaged premises or ar�y easement cherein , the saiQ � ' � �
<br /> awards are hereby ass3gned Lo the MorCgagee ; the Mortgagee is hereby authorized to collect , receive , and recelpt f�
<br /> . therefor and co apply the same 1n payment ot any inGebtedness , matureA or unmatured , secured by this mort¢age . - ' � �
<br /> t ( 7) �� TYiat in the event �Hortgagors Qefault 1n Lhe payment of said prSnclDal sum , or of any inscallment thereoi , or �� � 4�
<br /> q � of aqy Snterest theneon , at Lhe tlme when the seme shall be Que , or with respecL to aqy covenant or condiclon here- �$ � .
<br /> ; of, then , at the option of Mortgagee , the entire SnQebteAness secureQ hereby shall forthwith become due and pqyable , i; f ;�
<br /> � shall bear Snterest at the default � rate descr1beQ in ssid note , anA the Mortgagee may Smmedlate�y foreclose Lhls je
<br /> � . . mortgege or pursue any otber available legal remeQy . �
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<br /> ( 8) That in the event action Ss brought to foreclose this mortgage , the Mortgagee shall be entltled ta immediate �$
<br /> .3 Dossesslon of the mortgaged Dremises , and the court may appoint a recelver to take possession of sa1C Premises , with ;7
<br /> the usuel Dowers ot receivers in 11ke cases . � � ' �
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<br /> �� Y B g nY of iLs rights or privileges shall not De conscrued as a 4f
<br /> ( 9 ) That failure or dela of Morc a ee to exercise a +'
<br /> walver Lhereaf � chat ar�y act of Mortgagee waivSng any specifSc default of Mortgagors shall not Ue construed as a
<br /> waiver of any iuture tlefaults ; that Sn case of default Sn the payment of any amortizaLlon installments or interest R'
<br /> or in case of pqyment Dy Mortgagee of any lien , �udgment , tax , insurance , cost or exDense , or rents , fees or charges t� �
<br /> sai�d Mortgagee shall have tbe privllege , without Qeclaring the whole indebtedness due and DaYBble , to foreclose on ,�
<br /> account of such sDeciflc default tor such sums as are in default and such foreclosure proceeGings may be had and �:.
<br /> �� � the land descrlbed hereln may Oe so1C , subJect to the unpaid Sndebtedness hereby secured . and this mortgage shall [i � �
<br /> ;� continue as a lien for any unpaid balance . '._
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<br /> ! 10) That the Mortgagee may extend and tlefer the maCurity ot and renew and reamortlze sald Sndebtedness , release � :
<br /> ti i'rom 11aDS11ty any party liable thereon , and release from the 11en hereof Dortions of Lhe yroperty covered hereby .� -
<br /> � � without affecting the prlority hereof or the llability ot Mortgagors or any other party tor the DaYment ot said §. � .
<br /> � lndebtedness , all such extensions , Ceferments , renewals , and reamorClzatlons to De secured hereby . �
<br /> S ( 11 ) Transfer of Security . It is agreed Decween che parties �hereto , their heirs , legal representatives and asslgns , ��
<br /> that the Sntegrity anQ respons1D111ty of the Mortgagors constltutes a part of the consLderatlon Sor the note secUred �i
<br /> .i � hereby , anG that in the event the Mortgagors shall sell , t.^ansfer , or convey Lhe proDerty descrl0ed hereln , the ;; �
<br /> ; � Mortgagee may at Sts oPtlon declare the entlre Indebtedness Smmedlately due and payable nnd may proceed in the en- !: � �
<br /> � � forcement of its rlghts as on aryy other default Sn the terms of the note and mortgage . �� 3� � r-�
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<br /> i ( 12) Assignment oS Proceeds of Mlneral Lease . Mortgagors hereby transSer , set over , anG convey to Hortgagee all pi j �
<br /> rents , royalties , bonuses , and Gelay moneys that may from tlme to time become due and DaYable under any oil , gas
<br /> ] or other mineral lease of any kind now existing or that may hereafGer come Snta exlstence , covering the above lantl i;
<br /> �; or aqy part thereot . All such sums .so received by Mortgagee shall te applied to the Sndebtedness secured hereby : or �q _
<br /> said Hortgagee mqy at its optlon turn over and deliver to che htortgagors or their successors Sn interest , ar�y or all s� �
<br /> � s�$ � of such sums without preJudice to aqy of Mortgagee � s rights to take and retaln fvture sums , anti wlthout Dre� udice � `
<br /> #� to aqy ot Scs other rlghts under this mortgage . The transter and conveyance hereunder to Mortgagee oS said rents , jf
<br /> �y royalties , bonuses , anG delay moneys shall be construed to De a provislon for Lhe payment or reQuctlon of the mort- f� % ��
<br /> .j �+ gege debt , sub� ect to the Mortgagee � s oDtion as hereinbefore provided . Lndependent of the mortgage 11en on said real tr ��
<br /> �� estate . Upon paymenC in Iull of Lhe morCgage debt and the release of this morcgage of record, thls conveyance shall �' . 4,,;
<br /> `. become Snoperative and of no further force and elfect . 4� � '
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<br /> ( Aords and. qhrases herein, inclvding tF.e acknowZedgment hereaf , shall be construed as in the singuiar o+ qlural !�
<br /> anmDers and as mascuZine , feminine , or neuter gendeT , according to the corztext . ) /'� �� . ' ` r � ��
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<br /> � STATE OF �iv-J..//L.n,�-�-2-' �f � �
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<br /> � CIX7NTY oF '-� C�� Y; ,F. �
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<br /> � � this !�.2LLQay of �u , A . D . , 19 �� , before me , a Notary PuDllc in anQ Sor sald County anG ��'. . �
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<br /> ; t State , personaliy apyearea• James R . Turek and Imo¢ene M . Turek , husband and wife . �
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<br /> ���:� to me known to be the Persons named In anti who executed the foregoing instrument , and acknoKletlgeG thac they execucetl t� � � � -
<br /> �jj� the same es their voluntary 8cc ana aeea . if
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<br /> �. , � . ��4�,OA��. �1�y'� Notary Pu� lic Sn and for sa1Q CountY anQ State �f �. . .
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