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Z. 3lortgagor hereby assigns two +he Mortgagee as additional and crrhateral ;ef~nty atl prafite, revenues. xoyaltiea, r,ghta and
<br />benefits accnaing to the Mozkgagnr under any and all present or Stature cal and gas leases nn said pr_mises with the right to receive
<br />an.'t apply tktem at its option to acid ]ndebtelne~a. Thin a~i~nm~n> sisal] te~.ina~ and nail and void upon rel~ar~ of *~s
<br />mortgage.
<br />$. If t@tie indebtedrtese secured heretry is now or hereafter in whop ar in part further secured l~.rlr ehattet mortga~,s« pledges. contra„~ta
<br />of guaranty, a~ignmenfs of lessee- or ether securities, Mortgagee easy ax its option exhaust any one or mare of said secuzitiea and the
<br />security hereunder, either coaaenrrently or independently, and in such order sa ii may determine. No delay by Mortgagee is eserclsin~
<br />any right or remedy hereunder, or otherwise a$orded by law, shall operate as a waiver thereof or preclude the exercise thereof during the
<br />continuance of any default hereunder. No change in the ownership of said premises shat] release, reduce or otherwise affect any penonat
<br />tiabihtq or the lien hereby created.
<br />8. Without a$ecting the liaba7ity of any person, including Aortgagor, (other than any person expressly released in writing) for psy-
<br />rnent of any indebtedness seeuaed hereby or for performance of any obligation contained herein, and without a$ectfng the rights of Mort-
<br />gagee with respect to any security not expressly released in writing, Mortgagee may, at any time and from time to time, either osiers
<br />~ of after the maturity of said note, and without notice or consent: (a) release any person liable for payment of aL or any part of the
<br />,~ indebtedness or for performance of any obligation; (h) make any agreement extending the time or otherwise altering the terms of payment
<br />at alI or any part of tke indebtedness, or modifying or waiving any obligation, ar suhordinating, modifying or otherwise dealing with the
<br />`+~ lien or ch
<br />~ ergs hereof; (c) exercise or refiair, frrm excraising or waive any ri¢ht Mortgagee may have; (d} accept additional security of any
<br />~ kind; and (e) release or otherwise deal with any property, real or personal, seeurng the indebtedness, including all or any pair cf t, e
<br />~ property mortgaged hereby.
<br />10. This mortgage may be foreclosed with all legal or equitable rights, permitted under the laws of the State of Nebraska not
<br />~ exprersly provided for herein inuring to the benefit of the Mortgagee.
<br />~ il. When the foregoing covenants and agreements have been performed, this mortgage shall be void and shall be released at the
<br />ezpetase of Mortgagor; otherwise to remain in full force and effect.
<br />Additional covenants in rider Hereto attached and forming a part hereof.
<br />IN WITNESS WHEREOF, the Mortgagor has hereunto executed
<br />' Y ' J ~.... .Y.~ _....._ ................_.......
<br />Tdm "Bfi" ter - - --.-.-•--
<br />T & E CATTLE COMPANY, a Nebraska Corporation
<br />~"
<br />To Baxter, Pre'si eat
<br />t STATE OF NEBRASKA,
<br />this instrument this 9th day ~ Apri 1 . 18 79
<br />_ ..
<br />i lr
<br />.i,.xTll~L...6'.~._CORP ,.,.-.~._Ke~ra ska.. GsrpQra t o n _.
<br />,~~/~
<br />Tom eater, rest eat
<br />as.:
<br />COUNTY OF NALL
<br />• On +_kaA~t day of Apri 1 , A. n. }g 79 , 6eJore r..,e, ~~Lf~~~ s J~ ~ /~/~'~`
<br />a daiary Publtc in and for said County, peraonaly came Tom Baxter and Elizabeth Baxter, husband and
<br />tai fe
<br />personally to me Isirotore to be flee identicxrd person S wheRr, n;sme S are a,~sed tta the aIx~e and foregoing inetrutnen# as
<br />Mortgagor S ,and theyatknowledged the said instrument and the execution thereof tc ba thei r
<br />r soturitary ad and deed, for the purposes therein expressed.
<br />• In iCatimony whereof, 1 have hereunto set my Rand and ayaxed my notarial seal at r y°~ho f~~ ~'61'
<br />on the day and date last abuse written.
<br />. L ~~~~
<br />~ ~-ritrlssl ~tYetb _
<br />~attz; ~ Osa. ~ HMO Notary Public
<br />My commission rea
<br />t STATE O~ NEBRASKA )
<br />) ss.
<br />COUNTY Of HALL )
<br />- fln this ~~day of April, 1979, before me, a Notary Public in and for said County,
<br />p ersonatly came Tom Baxter, President of T ~: E CATTLE COMPANY, a Nebraska corporation,
<br />and President of L%TTLE B'S GORP., a Nebraska Gorporation, to me known to be the identical
<br />person whoS+Q name is affixed to the above and foregoing instrualent and the aforesaid officer
<br />• of said c~rorations, and acknotrledged the said instrument and execution thereof to be the
<br />r voluntary t#cts and deeds of said T $ E CATTLE COMIPANY and LITTLE 8'S CORP. and his volun-
<br />tart' ~t ~~-deed as such officer thereof, for the purposes therein expressed, and that the
<br />q carpora_fie seals o1r said carp~orations ors thereto affixed by their authority (or that said
<br />ctarporaiions hive nu s€al).
<br />%n 1•est#t~iny 4~r~tf, I hays t~r~!nta het my haf?d and affixes f np}aria] ~pa1 at
<br />i 6re I~lar>d, tieerask~, on Ilse dsstt t3fld da#:e 1 tae >xritten,
<br />-;~ Caf~igsifsn
<br />
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