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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'ahy easement ther.eln, 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;mbrtgage.
<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 covenant' or condition here-
<br />of, then,,at the option of Mortgagee, the entire indebtedness secured hereby shall fortti°ilth 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 availabie?legal remedy. + .
<br />(8) That in the event action is brought ,to foreclose this mortgage, the Mortgagee shall be entitled'to,lmmediate'
<br />possession of the mortgaged premises, and the court may appoint a receiver:.to take possession of said premises, .,ilth
<br />the usual powers of receivers In like cases.
<br />(9) That failure or delay o:f Mortgagee to .exercise any:of Its rights or !;privlleges'shall not be construed as a
<br />waiver thereof; that any act; of Mortgagee waiving any specific default of:itortgagors shall not be,coristrued 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 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 defhult for such sums as are ln.default and such foreclosure proceedings maybe 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 maturity of and renew and reamortize said indebtedness, release
<br />from liability any party liable thereon, and release from.the lien hereof portionsof•-the property.covered hereby,
<br />without affecting the priorillty hereof or the liability of hiortgagors or any other party for the pdyment of said
<br />Indebtedness, all such extensions, deferments, renewals, and reamortizations to be secured hereby.
<br />(11) Transfer of Security. It is agreed between thd.parties•hereto, their heirs,'legal representatives' and assigns,
<br />that the int-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 ori 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 tho.t may from time to time become due and payable under any.oll, gas,
<br />or other mineral lease'of any kind now existing or that may hereafter come ''into.existence, coveringthe.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',Mortgagors or their successors in interest, any or all
<br />of such sums without prejudice to any of Mortgageets 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 Mortgageeof said rents,
<br />royalties, bonuses,, and delay moneys shall be construed to be'a provislofi for the payment or 'reduction .of the mort-
<br />r gage debt, subjeetto the i•tortgageels 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 acknowledgment;"hereof, sFA� ll be:construed'as in the singular or.plural
<br />numbers and as -asculine, feninine, or neuter gender, according to "h� context.) ,
<br />' (SEAL) (SEAL)
<br />Zola H. GrimmInger
<br />(SEAL) (SEAL)
<br />'.
<br />(SEAL)
<br />(SEAL
<br />(SEAL) (SEAL)
<br />STATE OF Be G ha S '�a DONALD K. WADELL
<br />Ce»�mlMaR
<br />. atY•Stete of NeDt.
<br />�a (�
<br />ss. guy; Commhsbn Expires; "
<br />COUNTY OF M�tCb I1� 2978 ;
<br />On this day of 9 el 57 A.D., 19 '_-,:before me a Notary Public in and for said County and
<br />.'State, personally appeared "Iola H. Grimminger (also Anown as Sola 'Grimminger) , a single
<br />woman,
<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 thelr'voluntary act and deed.
<br />My commission expires
<br />'0e4a/a!:.t
<br />(Type or print name under signature)
<br />Notary Nblic, In and for said County .and State
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