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7. Mortgagor hereby assigns to the Mortgagee as additional and collateral security ai! profits, revenues, royaltiee, rights and
<br />benefits accruing to-the Mortgagor under say and all present or future oil and gas lessee on said premises with the right to receive
<br />and apply them at its option to said indebtedness. This assignment shall terminate and become null and void upon release of this
<br />mortgage.
<br />8. If the indebtedness secured hereby is now or hereafter in whole or in part further secured by chattel mortgagee, pledgee, contracts
<br />of guaranty, assignments of lessee, or other securities, Mortgagee may et its option exhaust any one or more of said securities and the
<br />security hereunder, either concurreatiy or indepeadentiy, and in such order as it may determine. No delay by Mortgagee in eaercleing
<br />any tight cr remedy hereunder, or otherwise a$orded by law, shall operate as a waiver thereof or preclude tF.x exercise thereat during the
<br />continuance of any default hereunder. No change in the ownership of said premises shall release, *eduee or otherwise affect any personal
<br />eysti;t~, az tl!e >_;es! booby erected.
<br />9. Without affecting the liability of any person, including Mortgagor, (other than any person expressly released in writing) far pay-
<br />meat of say indebtedness secured hereby or for performance of any obligation contained herein, and without s$ecting the rights of Mort-
<br />»`~ gages with respect to any security not expressly released in writing, Mortgagee may, at any time and from time to time, either before
<br />''~ or after the maturity of said note, and without notice or consent: (a) release any person liable for payment of ati or say. part of the
<br />,„~ indebtedness or for performance of say obligs*aor.; {b) make any agreement extending the time ar othezwire altering the terms of payment
<br />of sA or ,vny part of the indebtedness, or modifying or waivirq any obhgation, or subordinating, modifying or otherwise dealing with the
<br />~ lien ar charge hereof; {c) exerdse or refrain from exercising or waive any right Mortgagee may have; id) accept additional security of any
<br />~, kind; and (e) release or otherwise deal with any property, real or personal, securing the indebtedness, iaduding all or any part of the
<br />drraperty mortgaged hereby.
<br />10. Ibis mortgage may be foreclosed with ai3 !spas or equitable rights, permitted under the laws of the State of Arebraska not
<br />eapzessly prai~aded for herein inuring to the benefit of the Mortgagee.
<br />11. R%hen the foregoing covenants and agreements have been pertarmed, this mortgage shall be void and shall be released at the
<br />expense of Mortgagor; otherwise to remain in fuU force and effect.
<br />Additional covenants in rider hereto attached and forming a part hereof.
<br />I;d FFITNESB WHEftEL1F, the ll2ortgsgor has hereunto executed this iastrument this ~ 2th dap of March . 19 79
<br />~~y ~ r z
<br />e H. S
<br />.-...... ... - ------ - --~---------.__._e..._...___..~~-_--__._....-- -- 'J ~ -- - --~-- - V -- ._. _ -- --.--------~---
<br />ean Ann Spiehs
<br />STATL OR NEBRASKA,
<br />aa.:
<br />COUNTY OF HALL
<br />On this day of March , A. D. 18 79 ,before me,
<br />a Notary Public in and far said Ccrart7f, p€rso:~a21y carne Ronald H. Spiehs and Jean Ann Spiehs,
<br />husband and wife
<br />personalty to me known fo be the identical person S whose name 5 are alfcxed to the above and foregoing inatrutnenl as
<br />Mortgagor S, nndthey aeknowtedged the said instrument and the e~eerdion thereof to tee
<br />voluntary act and deed, for the purposes therein ezpressed.
<br />In tratimony whereof, 1 have hereunto aed my hand and affixed my at
<br />on the dog and date lost above written.
<br />~ Nfl'~~
<br />wf~tf~tN&idddd, Jr.
<br />- ~i , Eyp, flog. f 7, I9gl _
<br />Notary P
<br />My commission erpiree
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