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<br />
<br />7. Mortgagor hereby assigns to the Mortgagee as additional and collateral security all profits, revenues, royalties, rights and
<br />benefits accruing to the Mortgagor under any and all present or future oil and gas leases on said premises with the right to receive
<br />and apply them at its option to said indebtedness. This assignment shall terminate and become null and void upon release of this
<br />mortgage.
<br />S, If the indllbtedness secured hereby is now or hereafter in whole or in part further secured by chattel mortgages, pledges, contracts
<br />of guaranty,assignments of leases, or other securities, Mortgagee may at its option exhaust anyone or more of said securit' ~l; and .the
<br />security hereunder, either concurrently or independently, and in such order as it may determine. No delay by Mortgagee in exercisinlt
<br />any right or remedy hereunder, or otherwise afforded by law, shalloperateas a waiver the~of or Ilrecludethe exercise thereofdurillgthe
<br />continuilDceof any default hereunder. . No cbange in the oWl\ership of said premises shall release, reduce or otherwise affect any personal
<br />liability or the lien hereby created. ... .. ..... ... _ 0,., ..... .... . . .c...
<br />9'0 Without affecting the liability of any person, including Mortgagor, (other than any person eitpresslyreleased,inwriting)f~rJlay:
<br />ment of snyindebtedness secured. hereby.or. for pe.. rforman.ce of any obligation contain,e.d herein, andw.i.t.h...out..a. ff..e. c.t.ing t. he rig. h.ts.......o. f. ....M.., ~. r~.
<br />gagee with respect to any security not expressly released in writing, Mortgagee may, at any time and from till1e to time, eitherbt!fo~
<br />, or after the maturity of said note, and without notice or consent: (a) release any person liable for paymento~ all or a:nypartoft~e
<br />indebtedness or for performance of any obligation; (b) make any agreement extending the time or otherwise altering the, tetms of paynlent
<br />of all or any part of the indebtedness, or modifying or waiving any obligation, or subordinating, modi(yingor otherwise dealing with the
<br />lien or charge hereof; (c) exercise or refrain from exercising or waive any right Mortgagee may have; (d) accept additional securityof.any
<br />kind; and (e) release or otherwise deal with any property, real or personal, securing the indebtedness, includi,ng all or any part of the
<br />Ilrpperty lDortgaged hereby.
<br />lO..Thmmortgage may be foreclosed with all legal or equitable rights, permitted under the laws of the, State of Nebraska not
<br />eXPressly provided for herein inuring to the benefit of the Mortgagee.
<br />,1. When the foregoing' coveriantsand agreements have been performed, this mortgage shall be void and shall be released at the
<br />expense of Mortgagor; otherwise to remain in full force and effect.
<br />
<br />
<br />IN WITNJo;SS WHEREOF, the Mortgagor has hereunto executed this instrument this 7th day of
<br />
<br />January
<br />
<br />,1988.
<br />
<br />/7 _ /
<br />..mmk02~,Je,..m,'::!......A~....'m..'..n'....mm'mnn_n..
<br />
<br />(~~,qY-.m~L"___I"h..m'm'n,_,..
<br />---
<br />Randolph K. Knox
<br />
<br />Connie J. Knox
<br />
<br />.--___..n____nuh..nnn_____..___...nn_hh...U.._..nn..._._"""--"""""""_"'_hh_"'_,,,
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