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<br />(0 That In the even t any alvarl." '�rf� 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. or the mortgaged premises or any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee 1,, 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 mortgage.
<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 some shall be due, or with respect to any covenant or condition here-
<br />of, then, at the option or Mortgagee, the entire Indebtedness secured hereby shall forthwith become due and payable,
<br />,shall bear Interest at the default rate described In said note, and the 'Mortgagee may Immediately foreclose this
<br />mortgage 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 or the mortgaged premises, and the court may appoint a receiver to take possession of said premises^ with
<br />the usual powers or receivers In like cases.
<br />(9) That failure or delay of Mortgagee to exercise any of its rights or privileges shall not be construed as a
<br />waiver thereof; that any act of Mortgagee waiving any specific default. t of Mortgagors shall not be construed as a
<br />waiver or any future defaults; that In case of default In the payment "r any amortization Installments or Interest,
<br />or In case or payment by Mortgagee )f any lien, judgment, tax, lnsura,;2e, cost or expense, or rents, fees or charges,
<br />.qal(l Mortgagee shall have the privilege, without declaring the whole I.ndebtedness due and payable, to foreclose on
<br />account of such specific default for such cams as are In default ;Inl 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 lien for any unpaid balance.
<br />(10) That the Mortgagee may ,-,.xten,-' and defer the matUrlty of and renew and reamortize said. Indebtedness, release
<br />from liability -any party liable thereon, and release from the lien hereof portions or the property covered hereby,
<br />without affecting the priority hereon or the liability of Mortgagors or any other party for the payment of said
<br />Inlebtedness, all such extensions, deferments• renewals, and reamortlzatlOnS to tie secured hereby,
<br />(11) Transfer of Security. '-t is :' 4reed between the parties hereto, their heirs, legal representatives and assigns,
<br />that the integrity and rpsponslbllty of the Mcrtgagors constitutes a part of the consideration for the note secured
<br />hereby, and that In the event 1.p t!ortgagorn shall sell, transfer, or convey the property described herein, the
<br />Mrtgagee may at its option leciatre the entire Indebtedness Immediately due and payable and may proceed In the en-
<br />forcement of Its rights as on any ether default In the terms of the note and mortgage.
<br />("I Assignment of Proceeds (;f Mineral I.-ease. Mortv,,agorr hereby transfer, set over, and convey to Mortgagee all
<br />rents, royalties, bonuses, and delay moneys that may - fro-. � 17:,, tc time become due a!:d payable under any oil, gas,
<br />or other mineral lease of any Kind now exlr�tlng �)r 1:!Ia" tv ';ore�.fter come into exist., ce, covering the above land
<br />or any part thereof. All such sums,o received !�y
<br />. , �! troll be 'ipplled to the I:L2ebtedness secured hereby; or
<br />:�ald Mortgagee may at its option t,.,rn over and deljvcr Ine Mortgagors or their successors In Interest, arty or all
<br />of such sums without preludIce to any of Mort,?arer rights t-,, take and retain future sums, and without prejudice
<br />to any of its other righi-, under this r.crtragi,. The tr-'-nsfer �,tnd _,onveyance hereundcr to Mortgagee of said rents,
<br />royalties, bonuses, and delay moneys shall be :struel Ur be a provision, for the payment or reduction of the mort-
<br />irage' debt, subject to the Mortgagee ^s opLl(n as hereinborere jvlded, independent of the mortgage lien on said reel
<br />estate. Upon payment In full of the mortgage lebt and The relertse of ',till mortgage of record, this conveyance shall
<br />become inoperative and of no further f,'irrp ar effect.
<br />(Words and P--asea he-ein, inciwiink -4,2 -hall ':r construed as in the ss;RuLa' or flu-al
<br />r."Mbe-s ar-; as as:u1int,, fp.nininr . o, -,, utc,' �,rnd. , i, ontcxr .
<br />F"-'! �FFAL,
<br />F a i-n D. tat
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<br />Elaine V Matejka
<br />A:, AL:
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<br />nr tni:; 4:26 f Vut.. 1% %ii" f,)r :,al"' .tnnty 'in:.,
<br />MtqOU.k4_and Elaine L. Mate , hus and and wife,
<br />L. Clip
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