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<br />(a) That in the event any aware; are made to the ortwagors or their successors 1n interest for taking or damaging
<br />by the exercise of eminent domain the whole or any part. u- mortgaged premises or any easement thereon, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is hereby authorl :led to collect, receive, and receipt
<br />therefor and to apply the same in payment of any lndebtednass, 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 same shall be ,Iue, or with respect to any covenant or condition here-
<br />of, then, at the option of Mortgagee, the entire Indebtedness secured hereby shall forthwith become due and payable, ,s
<br />♦ shall bear Interest at the default rate described in said note, and the Mortgagee may Immediately foreclose tills
<br />{ mortgage or pursue any other available legal remedy.
<br />' (9) That in the event action Is brought to foreclose this mortgage, the Mortgagee shall be entitled to Smmedlate
<br />possession of the mortgaged premises, and the court may appoint !a recelver to take possession of said premises, with r,
<br />the usual powers of recetvers In like cases.
<br />(9) That failure or delay of Mortgagee to exercise any of Its right_; or privileges shall nor, be construed as a
<br />waiver thereof; that. any let of Mortgagee waiving any ::peclfic. default of Mortgagors shall not be construed as a
<br />waiver of any future defaults; that In case of default Irl the payment of any amortlratlon Installments or Interest,
<br />or in case of payment by Mortgagee of any lien, judgment, tax, !n urance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, without declaring the .,ih!le Indebtedness due and payable, to foreclose on
<br />account of such spec,lflc default for such sums as are In default. snd such foreclosure ,root ed!ngs may be had and
<br />the land described herein may be sold, subject to the unpaid In;?ebtedness hereby secured, and this mortgage shta l
<br />continue as a llen for any unpaid balance.
<br />'SDj That the Mortgagee may extend and defer the maturity of and renew and reamort.lse Braid Indebtedness, release
<br />from. )lability any party liable thereon, and release from the lien hereof port!(,ns 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 ,uch extensions, deferments, renewals, and reamort.Izat!ons to he secured hereby.
<br />1) l.ansfer of Security. it. is agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />that the Integrity and respon ibility of the llortgagars .:onstltutes a part r. *.he consideration for the rote secured
<br />?:ere ^y, and that in the event. the Mortgagors shall sell, transfer, or convey the ,roperty described herein, the
<br />Mortgagee =:ay -at tn option ^lare the entire Indebtedness immediately due and pay -able snd mr:y proceed In the en-
<br />_,.rcement or Its rlahts as r... _ny other default in the terms of the rote and mortgage.
<br />('L) Aozlgnment . ceen f Alripral Lease. Mortgagors hereby transfer et 7ver, and .onvey t.r, Mortgagee all
<br />rents, rcy._ t es bcnuros and delay moneys that may from tune to °.lme be ,,)!re "ue an -: y:ble under any oil, gas,
<br />. er,^.er 1 lease ny kind now existing or ,t 7:3y hereafter come ,tc - :• :Istence, ccvering the above land
<br />'or =nay - rt' hereof. All�.�.;ch sums.so recelved by .-hall ,:e p,;:?. .ndettein_ss :secured hereby' or
<br />Mor•t.gagee may =.t. its option turn over and del. -.. hl ^ ?crr. - _F,o.s �,.. ce.�ors in Interest, anyor� all
<br />of c:a : >ums Oilthout pre,iudlce to my of Mortgagees rights t, t,_k� -.nd r_, 1-: t,.i., ;re o,im,�,, -snd without prejudice
<br />to any !ts lather r!gh. .•ld -r rhis mortgage. The 1.r,uin1P: :ml ,.,.e,_n L.: : :.. :cr t^ •urtgagee of Bald rents,
<br />royalties, Bonuses, 'u,.d - ,y m:)neyn ,hall be construe_1 t. be : I'r sb;n ... _t._ I •,ment or reductlon of the mort-
<br />gage ?b .:b,; to th. ,rtca : >ee=, "Pt lun as here 1nbef, _ :r.'. r'. cn:l the mortgage 11 en cn asid .real
<br />estate. Ip r, ; ay^ent :n full ;if t,ne Mortgage debt :and t.h=, .. 1_ L..z f tali ,..,e of record, this conveyance shall
<br />bec! =,, =noperetive a „d of T1, fur!.ha^ force -.nd effect.
<br />x. a. rr 'ha acknola.:d?m.nt 1. zon ;f ru_d 1.3 ±n the - .znguiar _. piu at
<br />Jerome J. Houdek
<br />EAL Z6-
<br />l sic A. Houdek
<br />Rudy F. Benes
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