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<br />That In the event any awards are made to the Mortgagors or their Successors In Inter t or taking or damaging
<br />by the exercise o f eminent domain the whole or W part of the mortgaged premises or any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is 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 />(?) That In the event Mortgagors default In the payment of. said principal sum, or or any Installment thereor, or
<br />of any interest thereon, at the time when the same shall be due, 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,
<br />shall bear Interest at the default rate described In sald note, and the Mortgagee may Immediately foreclose this
<br />mortgage or pursue any other available legal remedy.
<br />(p) 1hat1n the event action Is brought to foreclose this mortgage, the mortgagee shall be entitled to Immediate
<br />powession of the mortgaged premises, andtbe court may appoint a receiver to take possession of said premises, with
<br />tbe,uxual 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 d
<br />walver tivereor: that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a
<br />waiver of -M future defaults: that In case or default In the payment of any amortization Installments or Interest,
<br />or In case of payment by Mortgagee of any lien, judgment, tax, Insurance, cost or expense, or rents, fees or charges.
<br />said Mortgagee shall have the privilege, without declaring the Whole indebtedness due and payable, to foreclose on
<br />account of such specific default for such sums as are In default !,,nd such foreclosure proceedings may be had and
<br />Ute land described herein may be sold, subject to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a !len for any unpaid balance.
<br />(1:J ghat the Mortgage* may extend and defer the maturity of and renew and reamortize said indebtedness, release
<br />from liability any party liable thereon, end release from the lien hereof portions or the property covered hereby,
<br />without affecting the priority nereof car the liability of Mortgagors ir any other party for the payment of said
<br />Indebtedness, all such extensions, derellneTftS, renewals, and reamortIzatlons to be Secured hereby.
<br />I
<br />,:i) Transfer of Security. it is >greed between the parties hereto, their heirs, legal representatives and
<br />assigns,
<br />that the Integrity and respons'llhility of the mortgagors constitutes u part of the consideration for the note secured
<br />hereby, and that IT' the event.. ire Mortgagors :?hall sell, Transfer, or ^onvey the property described herein, the
<br />.'artgagee may at its option the entire intlebtedness, Immediately lue and payable itnd may proceed In the en-
<br />rom.ement or I's rlgtts as c.-n any .trier default In the terms of the note and mortgage.
<br />(12) Assignment !,-- r-raceeds :!r Mineral i.ease. Mortgagors hereby transfer, :;et over, and convey to Mortgagee all
<br />rents. roNaltles, bonuses, ird delay moneys that May from time to time become due and payable raider any oil, gas.
<br />above .ir other miner%l ieale. c— itny kln! Tirlm existing �,r that may tIereafter ome lntc �lxlotence, oovering the bov, land
<br />or °My part Thereof. Al'. siich ��umr.,o recel,.,Fd zny Mo-rtgngee !!hallt 'orl i,,�;�I!e! to the Inlebtedness ;soured hereby: or
<br />said Mortgagee may at Its option Turn ever and deliver to the Mort r,,rrhelr riessors It. interest. anyor all
<br />of S,Jch sums Altho"It prejudice *10 any ,-, mortgalreo's rIght:; 1 I%K. , ill", rpl_aln futurr, sims. Uid without prejudice
<br />to any rs 1, other rlgh! der *Us morla.age. �
<br />,he rrfinnfir -onveyince herein,. o 1^orragiee of !,,alO rents,
<br />rkv4lrles, bonuses. and �e',Ay mo,,L;Y ;ha be oonstruel t:. , IIt!. -i provislon fr)T' the 1p,-yment or duclion Pf the mort-
<br />gage t!ebt, s",;bje.n,to c.;ptlilln :is !-,erelobpfc;rf, :!"e;!. adependert r�r Ie mortgage lien on Said real
<br />estate,. *,,Pon 'payrent Irl N11 Of the 7r,rtgawe debt and th-'� —le—e
<br />his mi�r!;,�age of record, this conveyance shall
<br />become lnc�ppr�tttve an! f,irrlh,.r f1crt*P %ni effect.
<br />Wr
<br />I
<br />� -Js ar4! P!-_,sp, te,ei�, �*, 1,_14n" e C',
<br />nun N •r5 170 as _3 C 1, L in, ! v"t i n i n,' , 11 , !. , I "C!'. 7 , I try ,
<br />Lautenschlager Farms, Inc.. a Nebraska
<br />Cal=,r&t nn (SEAL)
<br />�F. A I Attest: 'SEAL)
<br />,rg4ta age resident IN c 3 Ruth Mhry Lautftscblager, Secvttary,
<br />; 'r A'- * ____ _;SEAT.)
<br />'-, A:,
<br />STATF OF Nebraska FORM 2781 (ev. 12 -72)
<br />".ay"Ty QF Hall
<br />On It 13 -LA—day A.1U., before me. i !4,ta:71 !r; a:;d for saki county and
<br />state. ��ly appeared Harold Lautenschlager _ to me ;ier:7onally Known to tie !,he identical person
<br />mtexecu"o the "going Instrument. who IMInR by PRO Illy ,.Worn C114 ray that ,,, IS--President
<br />A�mdd,cerperatl
<br />a OR4 that saki InstrisOnt was An"i "ealed In behalf of ialJ corporation. end ac�owledged
<br />Mid Inarmopt to 1%..the free and voluntary act and lee.l. of said orporatl^n W, It volimitarlly exemitel.
<br />T pe or proni na" der igrtatmei
<br />41 14
<br />N1ry Ribllc- to and r(,.r fall; County =and SI_v,e
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