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<br />8 001311
<br />ft3t That in the event any s,v2rd, ire made to the M0 tnag rs Jr their successors in interest for taking or dameq ❑
<br />1 by the exarOise of eminent domain thO�rvhOle or any part. of the mortgaged premises or any easement therein, the k'
<br />awards are
<br />hereby assigned eo the Mortgagee; the Mortgagee is hereby authorized o cellec.t, receive, and receipt
<br />III i
<br />thereoo, antl tb apply lure time Ira payment or any, SndeDtedness, matured or unmat:ure secured by this mortgage,
<br />(?) That 1n the event Mortgagors default In the payment of sar,'. principal sum, or of any Installment therecf, or
<br />Of RAY nrraerehe OptionnofaMOrcgagee, the when entire same
<br />IndebtednessdsecuredvhereDysshallto any covenant or condition b6re, re
<br />shall bear Interest at the default rate described in said note, and lure Mortgagee may immediately Foreclose thl
<br />aortgage Or pursue any other
<br />available legal remedy,
<br />That ir. the event action is brought to foreclose this mort
<br />possession Of the mortgaged premises, and the court may appoint a receiver the Mortgagee shall, to to l be entitled to Immediate i if
<br />e
<br />the aural powers of receivers in like rases, k 9ossessior. or sail premises, ✓l h
<br />,91 That .failure or delay of Mortgagee to exercise any or Its rights or privileges shall not' be construed
<br />waiver thereof: -UY rural any act of Mortgagee waiving any specific Default of Mortgagors :hall n t be construed as
<br />wake =' o; any .inure defaults; hat In case of default In the payment o.*
<br />III
<br />case of p Y.�ent by Mortgagee of arly lien, udY amrrtlzaticn installments or irtere t
<br />said to TRagt hall 21av? the prly J gmenc, tax, 1 ce, cost Or expense. Or rents, Pees or charge
<br />liege, without declaring the -c Indebtedness lue and payable, co PereclJSe
<br />nt u 1 '' ciflc aefauil. Cur such sums at „
<br />!he a. 1 s Ibed herein may be sold. subject ,0 the In isiw' ..E suJ f rc ^^oceed c
<br />a _.en :'or any unpaid balance. P" ne ,eray .ec.:red, and hi- O ,, i ge
<br />t •he Mortgagee may extend and defer the maturity o!' and renew and reamortSZe ;aid .ndebtedress, ,re
<br />;r T b�llr' a*:y Party lable thereon, and release from the lien herec
<br />ec og the .. d' portiof :s of t v.
<br />„� .,•wines , ,, 'r-tY hereof or ;.ur '!ability of `!o tgager: r any other ar•e for tie covered hereby,
<br />such .,rten ions, defenne!its, ,e P �y for the .ayment of said
<br />~ n ?wal. re m, r atlors to be secured hereby.
<br />vl' ^e y between 1ortgagp,rt ?t hereto, s iTn felrs, legal representatives and assign-,
<br />e r
<br />.e ^ ?n,,. d rn t in hr. vent the Mortgagors ^!l s or _o Ir t,_ r,. .:f the ccnsideratlon for the note ?,;r,e,
<br />r E . at r . n lane the er.tlr ^cbt + . m,t +rt `i Jn�e�dt� S'ab!e rod described herein, the
<br />.ght as on '-'fly other default :r, rre ,cults th? n,,:.. and mortgage.
<br />y proceed r e et
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<br />the
<br />g ge.
<br />`alltle F ,.eels r rat Lease o taakir, ^ti t h e s?
<br />9 ^rue arj 'Piny Honey: ;hat mt and convey to Mort�,agO -e all
<br />�Sr, r' a any k'nd .nw exI;t'n ri .e t . e e payable
<br />L', ,ar� erecr. Al .r•lc , '. t under any oil., gas,
<br />nceP t s.•.o c c �d by x +,[ n, e, r•cvering Che ve
<br />.�.. m Y at t .:,; t' t I urn n r �.c' e � 1 ... - ^ r - p ., ebtedness secured ne an
<br />y h um!" wo her Pht d'uf'f 11 O Y art rk e ^ r e ,s ors In Interest e' ar
<br />b n tri ie :.ry Y m *,.a P h yr a her r and v,ithout P e ud1,_
<br />r t hal e o f r 9urtgagr ,i. s l i ear.
<br />ar to r i rt rvr . t 1 'if; he r r he gent redo rl n f the
<br />ort-
<br />n Payment Ir u.'. f r ge d r r:1 en .n' ;e T t.aage
<br />... r .uJ „e ^at1 :•P and of !O her ., r r *. V;agP . re C[, �_, r P
<br />r. >r.d •ft ?c *,. this
<br />. ..cr,.ey n e ,hal:
<br />1?o eft R. Rauert
<br />Nina J. Rauert
<br />�Kohcrt. R. Rauert and Nina J Rat el L husband and wife,
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