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<br />,. ~_ - - e- ; ,~ s ...: -~ ~ - -~° >,: `ts` gagers cr tie'_r --,rc Tr-~ - rt f .r- *_~,[, g ar -.aj~. ~
<br />~ 'b+~th~ eF... c tee aY emiaert domain +ha wnol any~+; rt of the mortgaged p- _~±i a. any - r t tryerei -,rte ,.~_d
<br />"arCi'.i f^»e` ~?.?~°bi aa51`~T.?i '. C. tnz' i'Gr°.F~'3~F ~I':c .frt?y3gRP I iier a~;r a.] ka i ZC- r'~.1 ~?C and ^PC95 ~^e t.
<br />therarnr a*,~: to apply the sane in pay;^ect e_ a<y '-ndeDtes?ness, mature" o~ ,r_rat....~, ~_,.,<.~_ ry t+; mc.t3-sE.
<br />(^; That Ln the avert Mortgagors dE.*e~=lt +^ the p3ya;en5 of said principal ;>i, ;r at ~:y 1^sca?1:?an'. r*.aren_r, er
<br />Hof 3.'y inta?•est thereon, at ttre time vtnen the same shah De due, nr wi±.h resg>ect tv az>3 covenant cr condition 'rere-
<br />i ^'~ teen at th°_ opt°a}: r,_* Martgag~=, t?te entire SndeDteeinass secured DereDY shah * rthwit:_ became due ar,d payable,
<br />shall Dear interest at the detau~t rate dasarlDed in sold ante. and the Martgtffgee~,:ay t:~ediate~ foreclose this
<br />-,°ertgase spur He-a,y-other ava3:.aDle legal remedy. -
<br />(~). Twat in-the event aatiGn is brought to for=close this mortgage, the Mnrtgagee stall be er_titi.ed Lo irmtzediate
<br />' possQSSian-oY the mortgaged premises. and the court may appoint a resolver to take passessicn cf said premises, with
<br />the usual powers cS receivers in like cases. ..
<br />(9} That. failure ar delay aY Mortgagee to exercise any of Sts r1gY,ts or Privileges shall not Ds construed as a
<br />waiver thereof; that aryy eet eY Mortgagee waiving ary ~pecltlc deYault of Mortgagors shall not De construed es a
<br />waiver of &hy future defaults: that in case of default in the payment of any amortlza.tian Lnstallments or interest,
<br />ar in ease or payment Dy Mortgagee cf ar~y 11en,,;udgment, tax, lnsurance,cost cr expFnse, or rents, fens or charges,
<br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due and payable, to foreclose on
<br />account e? sus?! specific default ter such sums as art in default and such foreclosure proceedings may De had and
<br />the laid described tterelr. may be sold, suD,}ect tc the unpaid indebtedness hereby securest, and this mortgage snail
<br />~ntinue as a lien far aqy unpaid Valance.
<br />(10) T:rat the Mortgagee may extend and defer the maturity of and renew and rean;ortize said +ndebtedness,-release
<br /><-from iiahility any pasty liable *.hereon, and release from the lien hereof portions of Che property covered hereby,
<br />wltneut affeeting t??e priority ??erenf ar the 1faDil.tty of Mortgagors or any other party for the payment of said
<br />Indebtedness. 311 such extensions, deferments, renewals, and reamortlzations to be secured Deratay.
<br />that Lhenintegrityeandlrespons1D11~yeofbtheeHOrtgagorstconstitutes ahparr,of trio conslderationnfotlche oteasecu~rad
<br />Dereby, and that in the event the Mortgagors shall sell, transfer, ar convey the property described herein, the
<br />Mortgagee may at its option declare the Entire indebtedness Lmmediateiy due and payable and may prncaed in the en'
<br />Yarcemene aT Sts rights as an arty other default in the terms oY the pate and mortgage.
<br />(i4} AssSgnmert oT Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, anal convey to Mortgagee all
<br />rents, royalties, bonuses, and delay moneys that may Yrom time to time become c'.ue and RaYaDIe under any oil, gas,
<br />ar other mineral lease of ar+y kind nnw existing or that may hereaTter come into existence, covering the above land
<br />or any part thereof. All such sums .so rece.tved by Mortgagee snail De aDplled to tDe SndeDtedness secured hereby; ar
<br />said Mortgagee may at its option turn over and deliver to the ?mortgagors or their successors in interest, a,~ror all
<br />of such sums witnout nreSudiee to arty of Mortgagse~s rights to take and retain future sums, and Rithout pre~udiee
<br />to any of its other rights under this mortgage. The transfer and conveyance hereunder to Mortgagee of said rents,
<br />royalties, Danuses, and delay moneys shal'_ be ranstrued to De a prevision tar Cho paymenC or reduction nY tY.a mart-
<br />g~...ge debt, sub,}ect to the "tortgagee ks option as hereinbefora provided, tndapendent of the mortgage lien an said real
<br />oe<^. °tga~c ,.,.~ .e. _..~a v, ....is mart~age ,.~ .~...,, , ,,,.x~ ..~:. cya.rvc a,.~,
<br />become lroperative and<u.~~na furChermforce and~eftect.
<br />(1'en?s an:1 p7nrasss herein, including the ac knowtedgraent hereof, shad Ire construed as do the singular cr ¢tura:
<br />rsaahers anti r+s.~sculine, feminine; ar r+~uter gender, according to the tn7ttexL,J _ '
<br />sEAL~ .n Donal to .ten _ (S€AL}
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<br />(SEAL} - 8. Marie StOlteTt a (5£AL}
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<br />l~darie Stoltenbertt, husband and wipe
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<br />t to me knawr:to be Che persons nart~ed Sn and whG executed the foregoing instrument and askrav.ledged Chat t?fey gxecuted ~ ,~
<br />t the same aS their vaiuntgry ac G and deed, i
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