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<br />B That in the 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 1s 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, ar of any Installment thereof, or
<br />of, then, Interest the at the time thenentireaIndebtednessdsecured with
<br />herebvsshalltforthwithcovenant
<br />becomerdue condition
<br />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 />(e) That In the event. action Is brought to foreclose this mortgage, the Mortgagee shall be entitled to immediate
<br />Possession of the mortgaged premises, and the court may appoint a receiver to take possession of said premises, with
<br />the usual powers of 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 of Mortgagors shall not be construed as a
<br />waiver of tiny future defaults; that in case of default In the payment of any amortization Installments or interest,
<br />Mortgagee of ywithout declaring the Insurance, leIdebtedness due and or payable, to foreclose eon
<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 lien for any unpaid balance,
<br />(10) That the Mortgagee may extend and defer the maturity of and renew and reamortlze said indebtedness, release
<br />from llability 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 reamortizattons to be secured hereby.
<br />Securltv. It Is agreed be Parties their i legal aint a consideration note secured Transfer
<br />e inegrtyand responslbllltyof the Mortgagrconstitutes a part of the sg
<br />hereby, and that In the event: the Mortgagors shall sell, transfer, or convey the Property descrlbeC herein, the
<br />Mortgagee may at its option de. ^.lare 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 />11w) 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 sny kind now existing or that may heree -fter come into existence, co",•eri. ^.g the ah +e ,an
<br />or any part. thereof. All such sums.so received by Mortgagee shall be applied to the Indebtedness secured :ereby: c
<br />said Mortgagee may at its option turn over and deliver to the Mortgagors or their successors In 'nterert,.,ny or all
<br />of such suns without preiudice to any of Mortgagee,:, rights to take and retain future suns, s d w1 thorntt pre,,u "ice
<br />t any •s other right ender this mortgage. T ransfer and conveyance her ^under to Mortgagee of aid rPnt_s,
<br />t es bonuses, and ,e. -.y moneys shall be con-,t to be a provision for the payment or reduction of the mort-
<br />age dent b,)ert to the c tgageeis option as `,erelnbefore provided, Independent of the mortgage lien on said re
<br />-Late -'n payment In full cf the mortgage debt and the release of this mortgage of record, this conveyance shall
<br />be..,me inoperative and of nc .further force and effect.
<br />wo xs r �� +aces hec.ir irci t w tr; ac know led p, nt hereof,
<br />shall be construed as in the singular or :mural
<br />a.. ;is as�uline, ."eninir , or *.nester pen.'1er, arc ding
<br />to th -^ co text.)
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<br />Sandra R. Buhr
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