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r 85-- , 000717 past and future obligations of the foregoing entities to Mortgagee arising from any past, present or future sale or sales of crude oil by Mortgagee to Mortgagor or to any of the Affiliates, together with interest thereon. Mortgagor acknowledges and agrees that other mortgages, deeds of trust, and security interests in and on other real and personal property in other states and counties have been granted to secure the above described indebtedness. Each and all of said mortgages, deeds of trust, and security agreements shall constitute security for the entire indebtedness without allocation. Section 3. Rights Upon Default. If the entire unpaid principal of and the interest on the indebtedness secured hereby shall have become due and payable, whether on demand or at any stated dates of maturity thereof or prior thereto, and shall not have been paid, Mortgagee shall have the following rights and powers: a. To sell, to the extent permitted by law, the Mortgaged Property or any part thereof, at one or more sales, as an entirety or in parcels, as it may elect, at such place or places and otherwise in such manner and upon such notice as may be required by law, or, in the absence of any such requirement, as Mortgagee may deem appropriate, and to make conveyance to the purchaser or purchasers; or b. To proceed by a suit or suits, in equity or at law, whether for the specific performance of any covenant or agreement herein contained, or in aid of the execution of any power herein granted, or for any foreclosure or the sale of the Mortgaged Property or any part thereof, under the judgment or decree of any court of competent jurisdic- tion, or for the appointment of a receiver or receivers of the Mortgagor as to the Mortgaged Property, or for the enforcement of any other appropriate legal or equitable remedy. Mortgagee may conduct any number of sales from time to time. The power of sale shall not be exhausted by any one or more such sales as to any part of the Mortgaged Property not theretofore lawfully sold, but shall continue unimpaired until all of the - 4 -