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(uj -':hat 'n the ^vent 34V awards are maze Lo the t- Ic"1gagors or tl)elf' SUCOeSSUrs in interest for taxing or damaging
<br />by the exercise of eminent domain the whole or any part of the mortgaged premises or any easement therein, the said i €€
<br />awerds are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to rollect, receive, and receipt i
<br />�- therefor end to apply the same In payment of any indebtedness, matured or unmatured, secured by this mortgagee
<br />(7) That in the event Mortgagors default In the - payment or said principal sum, or of any Installment thereof, or t{
<br />of aiiy 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, fI
<br />'�- -shall bear interest at the default rate described In said note, and the Mortgagee nay Immediately foreclose this
<br />� mortgage -or pursue any other available legal remedy. i
<br />+� (a)" 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 />0 waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed . as a -
<br />walver ' of any future defaults: that Incase of 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, i
<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 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 />IQ) That the Mortgagee may extend and defter the maturity of and renew and reamortlze said indebtedness,` release
<br />tram liability 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 reamortlzations to be secured hereby. _ i
<br />(11) Transfer of Security. It is agreed between the parties hcrcto, their *.Aire, legal representatives and assigns,
<br />that the- 1 "'3rity and recponslbility of the i"ertgagors constitutes apart of the consideration for the note secured i
<br />hereby, arid that in the event the Mortgagors shall sell, transfer, or convey theprcper *_y described herein, the i
<br />Mortgagee may at Its option declare the entire indebtedness immediately due and payable and may proceed In the. en-
<br />forcement of its rights as on any other default in Elie terms of the note and mortgage. - [
<br />(12) 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 spy kind now existing or that may hereafter come into existence, covering the above land
<br />or any par, thereof. All such sums,so received by Mortgagee shall be applied to the Indebtedness secured hereby; or
<br />said Mortgagee may at its option turn over and deliver to the Mortgagors or their successors in interest, anyor all
<br />of such sums without prejudice to any of Mortgageets rights to take and retain future sums,- and without prejudice
<br />to arty of Its other rights under this mortgage. The transfer and conveyance hereunder to Mortgagee of said rents, -I
<br />royalties, bonuses, and delay -oneys shall be construed to be a provision for the payment or reduction oI the most- I
<br />gage debt, subject to the Mort_gages's aptioa as hereinbefore provided, independent of the mortgage lien on said real .(
<br />estate. upon payment In full of the mortgage debt and the release of this mortgage of record, this conveyance shall !
<br />become inoperative and of no further force and effect. j(
<br />Ovores and - phrases herein -, including the ackna�tedgment hereof, shall be construed as i:: the singular or plural ;
<br />Et=bers and as masculine, `eainine, or neuter gender, according to the CConttext.)
<br />{SEAL ) / i'.,� '� ✓ %,// "`„'f/71.!!✓.Z�/ (SRAL) )
<br />Hugo Harders 1
<br />(SEAL; f ��" o/td� ,/CIS- l��iSt� (SEAL) 1
<br />Clara A. Harders
<br />(SEAL) (SEAL)
<br />(SEAL) (SEAL)
<br />t
<br />Comm OF — !
<br />On this /- day of - A;�--CC H , A.D., ip�, before ne, a totary fi'blic in and for said County and
<br />State, personally appeared Hugo Harders ana Clara A. Harders (also know,l as Clara Harders)^
<br />husband and wife,
<br />to me known tc•be the persons named in and wflo executed the - -egoing instr :;meat, and acknowledged that they executed
<br />the see ,an :.heir voluntary ace and deed,
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<br />!y c.n::usi scion e+!p lees
<br />tType nr print —der signat ra ) -
<br />Notary Nblie. In and ror said County and State
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