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008917
<br />(6) That in the event any awards are made to the Mortgagors or their succe's'sors in interest for taking or damaging
<br />by the exercise of eminent domain the whole or any part of the mortgaged premises or any easement therein;' the said
<br />awards are hereby assigned to :the mortgagee;'the Mortgagee is hereby authorized to collect, receive, -and receipt
<br />therefor and to apply the same'in payment of any indebtedness, matured or unmatured, secured by this mortgage.
<br />(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 covenantor condition here-
<br />of, then, at the option of Mortgagee, .the entire indebtedness secured herebyl.shall forthwith become ,due and. payable,
<br />shall bear interest at the rate of ten percent.per annum, and the Mortgagee may immediately foreclose this.mortgage
<br />or pursue any other•avallable legal remedy.
<br />(8) That in the event action is brought to .foreclose this mortgage, the Mortgagee'sha11 be entitled to immediate
<br />possession of the mortgaged premises, andthe court -nay appoint a receiver•to'take•possesslon of sald'premises, With
<br />the usual pourers 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:1.1ortgagors shall not be construed as 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 for 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 suchjforeclosure proceedings may had and
<br />the land described; herein°may ,be sold, subject to the unpaid indebtedness hereby secured; and this 'mortgage shall
<br />continue as a lien for any unpaid balance.
<br />(10) That the Mortgagee may extend and defer:the maturltyof and renew anC reamortize said indebtedness, release
<br />from liability dny;party-liable thereon,.and release from the 11en-hereof p'ortlons of the property covered hereby,
<br />without affecting ;the priority hereof or the liability of Mortgagors or.a'ny 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 integrity 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 ih the terms of the note andlmortgage.
<br />(12) Assignment of Proceeds of Mineral Lease.. Mortgagors hereby transfer:,iset over, and convey to Mortgagee all
<br />rent$, 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'lndebtedness secured hereby; or
<br />said Mortgagee may at its option turn over and -deliver to the 1•fortgagors or;their.successors in interest, any or al
<br />of such sums without prejudice to any of Mortgagee is 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, subject to the Mortgageers 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 />(Wo) -ds and 'phrases herein, including the ac knowledgr.,ent hereof, shall be. construed as in the.singular, or plural
<br />numbers and as rasculine, feminine, or neuter gender, according tote context.)
<br />(SEAL) " SEAL)
<br />�,•^1�nn B. Schimmer.
<br />(SEAL)�I P Y(/lL(iNtivrce�%� (SEAL) -
<br />Helen E. Schimmer
<br />(SEAL) (SEAL)
<br />(SEAL) j
<br />(SEAL) -
<br />STATE OF /C/FG� is /f -o?
<br />DONALD K. WADELL*
<br />ss. Qeftmlmy "Dryf� of Nebt.
<br />COUNTY OF—�a// res I
<br />March 11,1978
<br />On this day of U s 4,S7- ,!A.D., 19 71 , before me a Notary Public in and for said..County and
<br />State, personally appeared" Glenn B Shimmer and Helen E Schimmer, husband and wife
<br />to me known 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 />fly commission expires Ag'-'/ // If7£f
<br />aria/o' ade !/
<br />(Type or pr,fnt name under signature)
<br />Notary Public 1n and for said County and State
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