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(6) That in the event any awards are made`to•.the mortgagor s•or thelr•successors, In interest for "taking or damaging
<br />by the exercise. Of eminent domain -.the. whole or 'any -,part of the mortgaged premises,or'ariy :easfinent therein, the'said
<br />awards -are hereby assigned."to the mortgagee;':;the. .Mdrtgag'e is•hereby authorized to-col'_ect, receive, and receipt
<br />-therefor and to,apply the same in payment.of any, indebtede, s, matured or unmatured, secured by,this mortgage. .
<br />i
<br />1'(7) That -in the event Mortgagors default In the payment of said principal sum, or of any installment thereof, or
<br />of any interest thereon, at the time when the same shall be due, or with respect to, any covenant or condition here-
<br />of, then, at the option of Mortgagee, the entire indebtedness secured hereby, shall forthwith become due and payable,
<br />shall bear interest at the rate of ten percent per annum, and the Mortgagee may lm medlately'forbclose this mortgage
<br />or pursue any other available legal remedy.
<br />(6) That in the event action Is brought to foreclose this mortgage, the Mortgagee shall be entitled to Immediate'
<br />possession of the mortgaged.premises, andthe court may appoint a recelver.to take possession of said. pre, mises, :vith
<br />the usual powers of receivers in like cases. '
<br />(9) That failure or delay of Mortgagee to exercise any of Its rights or privileges shall not be construed as a
<br />waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be -construed at a
<br />walver of any future defaults; that in case of default In the payment of any amortization installments or interest,
<br />or in case 'of payment by Mortgagee of any lien, judgment, tax, insurance, cost, or expense, or.rents, fees or charges,
<br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due and payable, to foreclose 'on
<br />account of such specific default for such sums as are in default and such foreclosure proceedings may b.e had and
<br />the land described herein may be sold, subject to the unpaid Indebtedness hereby secured, and this mortgage shall
<br />contlnue.as a lien for any unpaid balance.
<br />(10) That the Mortgagee may extend and defer the maturity .of and renew and reamortlze said indebtedness, release
<br />from liability any party liable thereon, and release from the lien hereof'portions of the property covered hereby,
<br />without affecting the priority hereof or the liability of Mortgagors or any other party for the payment of said _
<br />Indebtedness, all such extensions, deferments,.renewals, and reamortizations to be secured hereby.
<br />(11) Transfer of Security.'It is agreed between the parties -hereto, their heirs, legal representatives and assigns,
<br />that the lnt�egrlty and responsibility of the Mortgagors constitutes a part of the consideration for the note secured
<br />hereby,. and that in the event the Mortgagors shall sell, transfer, -or convey the property described herein, the
<br />Mortgagee may at its option declare the entire indebtedness Immediately due and payable and may proceed In the en-
<br />-forcement of its rights as on any other default in the terms of the note and mortgage.
<br />(12).Assignment of Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgagee all
<br />rents, royalties „bonuses, and delay.moneys that may from ;time to time become due and payable under any oil, gas.,
<br />or other mineral lease of any kind now existing or that may hereafter come into existence, covering the above land
<br />or any part thereof. All such sums so received -by Mortgagee shall be applied to the indebtedness secured,hereby; or
<br />said Mortgagee may at its option turn over and deliver to the t•lortgagors or their successors in Interest',, any or all
<br />of such sums without prejudice to any of Mortgageels rights to take and retain.future'sums, and without prejudice
<br />to any of its other rights under this mortgage. The transfer and conveyance hereunder -to Mortgagee of.said rents,
<br />royalties, bonuses,, and delay moneys shall be construed to be a provision for the payment or reduction.of the mort-
<br />gage debt, subjeetto the Mortgagee's option as hereinbefore provided, Independent of the mortgage lien. on said real,
<br />estate. Upon payment in full of the mortgage 'debt and the release of this.mortgage of record, this conveyance shall
<br />become inoperative and of no further force and effect.
<br />(Words and phrases herein, including the.acknowledgnent hereof, shall be construed as in the singular or plural•
<br />nuibers and as masculine, feminine, or neuter gender, -according to the context.)
<br />(SEAL)
<br />(SEAL)
<br />Fe n Jantzi
<br />(SEAL) (SEAL).
<br />(SEAL) (SEAL)
<br />(SEAL) .
<br />( SEAL)
<br />STATE OF /U �Gr ? S d DONALD K. WADCLL'
<br />6"Wel Matm-steh of Nebr.
<br />ss. My Cnrttmhsioe Expires
<br />COUNTY OF n a March 11, 1978
<br />sr
<br />On this day of �� f"i A.D., 19-2-57, before me, a Notary Public in and for said County and.
<br />,
<br />State, personally- appeared Fprn Jantzi (also known as Fern L Jantzi) , Sn,le
<br />to me knovm to be the persons named in and who executed the foregoing instrument, and acknowledged that they executed',
<br />the same as their voluntary act and deed.
<br />IV commission expires
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<br />(Type or print name under signature)
<br />Notary Public in and for said County and State
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