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<br />(6) That in the.event any awards are made to the Mortgagors or their successors 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 lnstallment'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 immediately foreclose this mortgage
<br />or pursue any other available 'legal remedy.
<br />(©) That in the event action•is brought'to foreclose this mortgage, the,Mortgagee shall be entitled to Immediate`
<br />possession of the mortgaged premises, and the court may appoint a receiver 'to take possession of said premises, with
<br />the usual powers of recelvers'in like cases.
<br />(9) 'That failure or delay of Mortgagee to exercise any of Its rights orfprivileges'shall not be construed as a
<br />waiver thereof;.that any act'of Mortgagee vialving any specific default of; Mortgagors -shall not be*construed as a
<br />waiver 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 suchforeclosure proceedings may be had and
<br />the land described herein maybe 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 maturity of and renew and reamortize said indebtedness, release
<br />from liability any party liable thereon, and release from the lien'hereofiportlons'of the property covered hereby,
<br />.i'+ithout 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 reamortizatlons to be secured hereby.
<br />(11) Transfer of -Security. It is agreed between the parties -hereto, their heirs,,.le'gal 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 '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 Jand
<br />or any part thereof. All such.sums so received by Mortgagee shall be applied to thel Indebtedness secured hereby; or
<br />said Mortgagee may at its option turn over and deliver to the Mortgagors or their successors in interest, any or all
<br />of such sums without prejudice to any of Mortgagee's 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 Mortgagee is option as hereinbefore provided, independent of the mortgage llen`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 />(ldords and phrases herein, including the ac knowledgr.,ent hereof, shall be: construed :as in the singular or plural
<br />numbers and as rasculine, fe-inine, or neuter gender, according to the conte
<br />(SEAL) (SEAL)'
<br />y axter
<br />(SEAL) �1S1Q-1 (SEAL):
<br />Sallie 0. Baxter
<br />(SEAL) (SEAL)
<br />(SEAL) (SEAL)
<br />STATE OF /y26 Pa S �� DONALD K. WADELL
<br />Genersf not" -Ste" of Nebr. :
<br />/� ss. my comnitskmExam!
<br />COUNTY OF n a ` (Mato 11,1975
<br />On this 2 2 day of �q 9 U S T A.D., 19 7S, before me, a Notary Public In and for said County and
<br />State, personally appeared �C. Daryl Baxtar_ and Sallie 0 Baxtar (also known as Sal l i P Bnxtari
<br />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 />'IV commission expires /�/ahc/ // //��f A
<br />(Type or print name under signature)
<br />Notary Public in and for said County and State
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