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<br />(aj 1`nat in trio event any awards are made to the Mortgagors or the'_r success.~,rs Sn 1rterest far rakl.lg or damaging
<br />by trio exercise cf em±nert domain the whale or anv part ¢f the mortgaged premises or arty easemenr, therein, ttte said
<br />awards are hereby ass tgned tc the M¢rto gee; the Mortgagee is hereby autt:ori~rd to .:oS1.'^t, receive, and receipt
<br />therefor and to acply the same in payment of any indebtedness, matured ar ~:;,matured, sec„red by thin mortgage.
<br />(7) That 1r. the ovens Mortgagors default in the payment of saki principal sam, ¢r of ang installment thereof, or
<br />of any interest thereon, aL the time when the same shale be due, ar with resper_t tc sry covenant or condlti.an here-
<br />of, then, at the option oS-Portgagee, the entire indebtedness secured hereby shall torthsvi rh Dec¢me due and payable,
<br />shall bear interest at tiro default rate described in said note, and the Mortgagee may Srenediately foreclose ttais
<br />mortgage or pursue a~LV other aval2able 2ega1 remedv._,
<br />('<) 1'nst Sn the event aCti¢n .S-hrbiight t0 i¢reCl¢S8 thin-mortgag@-. the M r as e snaiS b8 -rt tied '¢ +r^ne3lata
<br />pc„session o: the mortgaged premises. ancithe court may appoint a receiver to u ... „ess-essicn of :._id premis..s, with
<br />the asua2 powers of receivers in like casas.-
<br />(8) T2Sat fafiure or delay of Mortgagee to exarcise any of its rights cr privileges shad not De ccnstrued as a
<br />waiver thereof; that any gut cf Mortgagee-waiving any saeclfic default ¢.* M¢rtgegcrs shall n¢t be construed as a
<br />:~+vor ci any f+'t'**~~ aeianlts: that Sn ease of default Sa the payment ¢f any amartizatlon installments or interest,
<br />ar In case of payment by Mortgagee ¢f ar~,= lien, ,judgment, tax, insurance. cost ^r expenso, ¢r yenta, tees or charges,
<br />said P:ortgagee shall have the privilege, without declaring the whole indebtedness due anG payable, to ..*areciose-on
<br />account of such specific default for such sums as are in default arEd such tcrecl¢sure proceedirus may be had and
<br />the land described heroic, nay be sold, suhteet to the unpaid indobtedness .*:eroDy secured, and th±s mortgage shall
<br />continue as a lien for any unpaid balance.
<br />_~SOI That the Martgagoa may extond and defor Che maturicy of and renew and reamartine -aid Indebtedness, release
<br />ran liability any party liable thereon, and reloase fr¢m the lien hereai portions of the pr¢per ty covered hereby,
<br />'~ wt thou* of ter_t ing r_.he priority ?!=^eef ¢r > 112D'_11ty of M "tgagcrs ~~ a:y oti~er party roc the Gayment of said
<br />f.ndehtednaS3, ali SnCI: exCenSiCP.S, defeimerts, renewals, an6r°am¢^L.i ZatlCn; LC De sec;:red hereby.
<br />(11) Transfer of Security. It Ss agreed CeCneen the parties-heroto, their heirs, legal roGreser.catlves and assigns,
<br />that theiatogrity and rzspons1D111ty a_ the Mortgagors constltutzs a part cf tho cansider•aticn .*or the note secured
<br />t;ereby, and that In the evert the Mortgagors sham sell, transfer, cr convey tfle property described herein, the
<br />M¢rtgagzp may at its.optlon declare the entire indettedress Im.:,ediateiy d±.e and gayablz and may proceed in the en-
<br />fercement of-its rights as on ari ¢ther default '_r. the terms of :hz note and mortgage.
<br />(12) Assignment o<" Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and c¢nvey to Mortgagee all
<br />mats. r¢yalties, bonuses, and delay moneys that may :rem time ±e LiFe became due and payablo under any ¢1I, gas.
<br />ar-other mineral loaso ¢f nosy kind acw existing cr that may hereafter come in'_c existence, covering the aD¢ve land
<br />or any part theract. Ali such S'iIm3.SC received Dy M.artgagee shall be app'_ies to the ird=btedness secured kerahy;-or
<br />said M¢r:,gagoe may at its ccti¢n tc;rn over and dcilver to trio Mortgagors or their successors In interest, agyer all
<br />¢f sUCI'i sacs without pre,)u~~ice-tc ar~y ci Mortgagee ES *'igin[.s t' _e and ^eakn .utnre suss, gad without pre3 udfoe.
<br />t¢ any ¢f Sts ether rights under this mortgage. The transfer-?ud~conveyance hereunder to-Martgagee of said rents,
<br />royalties, bonuses, and delay moneys shah DB construed to be a provisl¢n-for the payment-cr reductfcn e° the-mart-
<br />gaga debt, suD~ectto the Mortgagees option as horelnbeiore i.rnvided, 'ndepondent of trio mortgage lien en ssid real
<br />estate. ilpcn payment Sr, tu31 0*_ the .^;ortgage debt ud the reiease e' this mortgage of record, this conveyanes shah
<br />became Inoperative aril at r.¢ further force and effect.
<br />(Words cra 9rirases herein, irrZ:::.irt re a~ttft7'u?~?~~ert -- s,>als - -~ur,..q>r~:ce as ~.. tF..e sirzgylar ar ti7v:al
<br />r,~ztbers as~3~as ^wzsetclire, fe^5;!ira, or ;,ercier gerl3er, accor3irg~t_ :•te r- x'..; '{
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<br />STY_TS cis ~-~F~IS %'n'S l~.~- ~ ~ ~iNf~
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<br />~?n .his~day of FPbtu3 ~ ,,.~.. .S~? bei,_ me, _ ..._*ary .,,,;SC _,. -.,, .or maid Jaunty and
<br />state, personally eppearod Samos D. Riley and Sharon 3. Riley, husband 2nd wife,
<br />to me kn¢wntcbo the persons named Sr: an; ,sho asec::ted too _*~reg.~:^.e :.._»....~„ °^.".a._:;;:;:s~e!ged Lhat they eXeout°3
<br />t,Y~_sarae as their vo1~a^.t~y :=~_ ~..d dezd. - yy ,,yf,,~ ,r
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