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<br />7, Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either toa reduction of theindebtednessf<ecured
<br />hereby or to repllir and restore the pJ\.perty so damaged,
<br />
<br />8. Pl!l'formance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortg&j!or
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien here~t MortgagOr
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee forthe above pUrposes, and any sww.roexpellded
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject t.o the iienilereof. Mortgage!.'
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder,
<br />
<br />9, Defanlt; AssIgnment of Rents. Time is of the essence hereof, and uponMOrtgagor'f< defallltln anycovelll!ni; .
<br />or agreement oftbis Mortgage, including covenants to pay when due the sums see~d by thisMortgage.theMo~ ilhaII'
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage ,tobe:immedilitely due;and ','
<br />payable and may commence fo~clo-sure of tbis Mortgage by judiciai p:toceedhijf5; and~ pWv.ideil-!unber, tti6t'~;ium
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to theJldeqUlicyo~thf,
<br />security, enter upon and take possession of the Property and collectthe rents, issues. and profits therefrom.and.apPlY thelD
<br />fust to the cost of collection and operation of the Property and then upon the indebtednesssecured,bythis~;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the Payment oftbe;iDd\!~
<br />secured hereby,
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without th!! expressw:rittell'cori:
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage to be illlJlledliltely dlle
<br />and payable.
<br />
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances' to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promisSOry notes
<br />stating that said' notes are secured hereby, At no time shall the principal amount. of the- ' indebtedneSs seeureoWthls
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed tbeorigin&l Note,
<br />
<br />12. Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exer~ising any right or rom. "'; 'JlIi not be a wai. ct thereof.
<br />
<br />
<br />(h) All remedies provided herein are distinct and cumulative to any other right afforded by law or equitY.
<br />and may be exercised concurrently, independently or successively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and several,
<br />
<br />(e) The headings of the paragrapbs of this Mortgage are for convenience only and shall not be used to inter.
<br />pret or define the provisions hereof,
<br />
<br />13, Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge thIS Mortgage and
<br />shall execute and deliver a satisfactOlY release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed tbis Mortgage on the~ day of Sept. . ~}\l:~;":,>;,.,;,_
<br />('=,,"!. !n" ..,.--',- ,/~1.:~~~;.~j~.p;.,..,
<br />---., l'1Jittn~ II II...... '- ,LiPf:/J./' <".c. "~ ~..
<br />(r;ugene M~,) Sln -). /---' ~'?"~r~~;t,.~:? 1~1:
<br />:.'"")-gAA'",~ k" ( '<ill zit.-'~"/". ~*JftCc!: ~~
<br />(Shar:un~; ss~SSink) '-- ~~. ~c~~~~~~;;i;~~~!
<br />
<br />Stale of Nebraska,
<br />
<br />Hall
<br />
<br />On this
<br />
<br />75th
<br />
<br />day of Sp.ptp.m hp. r
<br />
<br />, 1984-, before me, the undersigned, a Notary Public
<br />
<br />, .~
<br />duly commissioned and quali~:~ for said county, personally came F.llgp.np. M F.RR ink "nil Sh" r()n ~,._,l::}
<br />
<br />f) Z. Essink ' , to me known to be the .;,~' ~':'
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof \~ \
<br />'-:5 "".
<br />"' '''-'
<br />~,S\'
<br />(Wagoner County) in said county, the , '2:~, ~
<br />
<br />to be
<br />
<br />their
<br />
<br />voluntary act and deed.
<br />Tulsa, Oklahoma
<br />
<br />Witness my hand and notarial seal at
<br />date aforesaid.
<br />
<br />~,
<br />
<br />My Commission expires:
<br />
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<br />~'Nolary Public
<br />
<br />
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<br />
<br />4-29-86
<br />
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