|
01086.5
<br />(6) That In ehe 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, �e6elVe, and receipt
<br />therefor and to,apply �.he same In payment of. any Indebtedness, matured . or unmatured, secured by thl�'mortgaFe.
<br />(7) That In the, event Mortgagors default In,the payment of said principal sum, or of �ny Installment thereof,'or
<br />of any Interest.'thereon, at the time when t ' lie same shall be due, or with respect to any covenant or.condit-lon 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 />(8) That In :the event action is brought to foreclose this mortgage, the Mortgagee shall be entitled to Immediate
<br />possession of the mortgaged premises, andtbe court may appoint a receiver to take possession of said premises,'wIth.
<br />the usual powers of recelvbrs In like cases.
<br />(9) That fullure or delay of Mortgagee to dxercise 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 Mortgagor�s 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 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 be 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 11pn 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 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 sai;d
<br />Indebtedness, all such extensions,' deferments, renewals, and reamortlzations to be secured hereby.
<br />.(il) Transfer of Security. It Is agreed between the parties -hereto, their heirs, legal representatives and assign%
<br />�that the Ine-egrity and responsibility of the Mortgagors constitutes a part ofthe consideration for the note secure
<br />hereby, and -that In the event the Mortgagors shall sell, transfer, or convey the property describeO 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 abov; 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, anyor all
<br />of such sums without prejudice to any of Mortgageeis 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 t i o be a provision for the payment or reduction of the mort-
<br />gage debt, subj ect to the Mortgagee f 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 achnowledgnent hereo construed;as i the singular or Plural
<br />ns.nbers and as '-,,.ascwline, feninine, or neuter gender, accords to t e &on ext.)
<br />(SEAL) IV--ee(SEAL)
<br />am s b ger
<br />I/ 4� I)
<br />(SEAL) V/21*1
<br />8.1�;'Lrley J. Oliver
<br />(SEAL) -(SEAL)
<br />(SEAL) (SEAI,)
<br />STATE OF— 1hh DONALD K. WADEL ' L
<br />ss. QWWW "etwy-stft Of Kebt.
<br />COUNTY OF. 171,711 My
<br />-1h
<br />on this —1,2- day of Ile A.D., 19=, before me, a Notary Public In and for said County and
<br />State, personally appeared James H. Oliver (also known as James Harlan'Oliver) and
<br />Shirley J.*Oliver, 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 />My commission e xp1res
<br />V)
<br />ca
<br />C:
<br />rim
<br />P
<br />C) I �Ivi
<br />7h 4-
<br />0
<br />U_ E
<br />0
<br />r4
<br />Z: E-
<br />E -4
<br />r,
<br />0
<br />0
<br />0
<br />Cd
<br />0
<br />0
<br />cl)
<br />—4
<br />co
<br />Cd
<br />W
<br />E
<br />=3
<br />.0
<br />U3
<br />p.2
<br />'&//';� Awe
<br />/,/,) /7 d /V 4- IV."A'
<br />(Type or print name under signature)
<br />Notary Public In and for said County and State
<br />co
<br />0
<br />0
<br />0
<br />0 CTJ
<br />0
<br />0
<br />>
<br />Cd,
<br />-1 10
<br />W
<br />be
<br />C0
<br />W
<br />0
<br />Cd
<br />r4
<br />rd
<br />W
<br />1�
<br />0
<br />CV 0
<br />ba CJ
<br />Q,
<br />'COD
<br />0
<br />4�
<br />Ti
<br />o
<br />U
<br />Q)
<br />C)
<br />C.9
<br />0
<br /><
<br />CD
<br />F-
<br />C>
<br />0
<br />0
<br />Z
<br />C0
<br />0
<br />W
<br />E
<br />ba
<br />F- 0
<br />W
<br />_1
<br /><
<br />V)
<br />ca
<br />C:
<br />rim
<br />P
<br />C) I �Ivi
<br />7h 4-
<br />0
<br />U_ E
<br />0
<br />r4
<br />Z: E-
<br />E -4
<br />r,
<br />0
<br />0
<br />0
<br />Cd
<br />0
<br />0
<br />cl)
<br />—4
<br />co
<br />Cd
<br />W
<br />E
<br />=3
<br />.0
<br />U3
<br />p.2
<br />'&//';� Awe
<br />/,/,) /7 d /V 4- IV."A'
<br />(Type or print name under signature)
<br />Notary Public In and for said County and State
<br />co
<br />0
<br />0
<br />0
<br />0 CTJ
<br />0
<br />0
<br />>
<br />Cd,
<br />-1 10
<br />W
<br />be
<br />C0
<br />W
<br />0
<br />Cd
<br />r4
<br />rd
<br />W
<br />1�
<br />0
<br />CV 0
<br />ba CJ
<br />Q,
<br />'COD
<br />0
<br />4�
<br />Ti
<br />o
<br />U
<br />Q)
<br />
|