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vent any awards are made to the Mortgagors or their successors in interest for taking or damaging
<br />eminent domain the whole or any part of the mortgaged premises or any easement therein, the said
<br />assigned- to the !fir e; the Mortgagee is hereby authorized to collect, receive, and receipt
<br />ply I ft same in p4iment, of any" indebtedness, matured or unmptured, secured by this mortgage.
<br />Ntnt mo tmaimra default ln.the',navment:: "of said ":nrincinal sum - or, anv.:installment thereof- :'nr
<br />apnax., nwV a.y,.
<br />PW4,..iRR Va�44 3i3a.C1 3WIi6 Y31� j!l A. A ;cats, ni VlWUV.uv V;N! -ilia YNV ..,nlviY iuuvv VVV„v +v..vuv w,u::l,°ywvaw, Vv iv, vv1vna vl,
<br />aaoolult of such specllle: default : for such sums as are In default and such foreclosure proceedings may be had and
<br />'described
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<br />the land herein may be sold, subject to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a lion for any unpaid balance,
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<br />(Jo) That the Mortgagee may extend and defer the. `maturity of and renew and reamortize saiu ,.idebtedness, release
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<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 said
<br />Indebtedness, all such extensions, deferments, renewals, and reamortlzattops to be secured hereby,
<br />(ii) 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 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 came into existence, covering the 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 my 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 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 />debt, subject to the Mortgagee is option as hereinbefore provided, independent of the mortgage lien on said real
<br />esta ea te. t payment in full of the mortgage debt and the release of this mortgage of record, this conveyance shall
<br />IlLnoperative and of no further force and effect.
<br />-44 phrases herein, including the acknowledgment hereof, shall be construed as in the singular or ylural
<br />i' ti{s masculine, feminine, or neuter gender, according to the context.)
<br />.,, ,r Binfield Corporation, a
<br />SPAL) p
<br />(SEAL) Corporation (SEAL)
<br />�
<br />1SEAL) By I (SEAL)
<br />e , Chairthan ot Board Kent A. Binfield, President
<br />,
<br />(SEAL) (SEAL)
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<br />(SEAL) (SEAL)
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<br />893AW OF MRUKA FORM 2781 (Rev. 12-12)
<br />/j �/f SS.
<br />X17 OF
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<br />on this_.dA41W of , A.U., 19 84, before me, a Notary Public In acrd for said County and
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<br />state. Personally appeared Kent A. Binfield to me personally known to be the identical person
<br />wpc eaecuted t1w foregoing instrument, who being by me duly sworn did say that he is President
<br />of said corporation; that said instrument was signed and sealed in behalf of said corporation, and acknowl
<br />said inatrumost to be the tree and voluntary act and deed of said corporation by It voluntarily executed.
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<br />1 <araMwr -9Nw1<
<br />?W "mission expires
<br />)Type or pr Tnt no unoo signturel
<br />Notary Public In and for said County and State
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