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(e) That in Lhe event any awards are mace to the Mortgagrrs or their su~^czsscrs 1~ ±nterest for .a4;ng or damaging
<br />by Lhe exercise of eminent domain Lhe whole or any par*. of the mortgaged ^.rer.:!ses o anY °-zse^ent t;erei:r, the saifl
<br />awards are hereby assigned tb the Mortgagee; the Mortgagee is hereby n-uthori ed ^.~ col'e,~t rer.2l ve, and receipt
<br />therefor and to apply the same in payment of any indebtedness, matured or ~~lnmac~a^a•j, secured Eby this mortgage.
<br />'r} That in the event Mortgagors default in the payment of said Drircipai s or ct any installment. thereo*, or
<br />of aqy SnteresL thereon, at the time when the same shall be due, or with respect to any rovanant or cendltion here-
<br />of, then, at the oDtlon of Mortgagee, the entire indebtedness secured hereby shall terLhwith become Ar:e aad payable,
<br />shall bear interest at the default rate described Sn said note, and the Mortgages may Srr,lediatel,}r foreclose this
<br />rrrortgage or pursue any other available legal remedy.
<br />(8) That in the event action 1s brought to foreclose this mor tgsge, the Mortgagee shall be entitled to !mmadiate
<br />pcssesslon of the mortgaged premises, and the court may appoint a rose leer to take possession of said premises, with
<br />the usual powers of receivers !n like cases.
<br />{P) That failure or delay of Mortgagee to exercise any of tcs rights or ~~riv[leges shall not Ue construed as a
<br />waiver thereof; that aqy act of Mortgagee waiving any speclilc default of Mortgagors shall not be construed ss. a
<br />waiver cf any future defaults; that In case of d=..*ault i;. the. payment of any amartizatlan lnsral lmer.ts or lnferest,
<br />or In rase of payment by Mo.^tgag=e of :u:y '_Sen, ~udgmer,t, tax, insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have Lhe privilege, vrichout declaring the whole indebtedness due and payable, to tcreclose on
<br />account of such specific default for such sums as are to default and such forc~c lesnr? proceedings may be trod aad
<br />the land described heroin may be sold, subject to the unpaid Indebtedness hereby secured, and this mcrcgage shall
<br />ecntinue as s lien ter any unpa!d balance.
<br />(10i That the Mortgagee may extend and defer the maturity of and rer;aw and reamartize said Sadebtedness, release
<br />From liability arty party 'fable thereon, and release from the lien h?reoi' portions of the property covered hereby,
<br />without affecting Lhe priority hereof or the liability of Mortgagors or any other party for the payment of said
<br />indebtedness, all such extensions, deferments, renewals, and rrart;orti ^.attnn^ to be secures hereby.
<br />(11) Transfer of Security. It is agreed between the parties hereto, their heirs, legal representatives and asaigns,
<br />that the Sntegrity and responsibi llty of the Mortgagors ~enst!tuc~s apart of *.he conslderatlon for the note secured
<br />hereby, and that in the event. the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />Mortgagee may at Sts option declare the entire lndebtec?n?ss Immediately due and payable and may proceed in the en-
<br />forcement of Sts rights as on any other default Sn the terms oC the note and mbrtcsg?.
<br />(i:'.) Assignment of Proceeds oi' Mineral Lease. Mortgagors hereby transfer, set c,ver, and convey tr.. Mortgagee all
<br />rents, rnyaicles, bonuses, and delay moneys that may from fl;^? tc time becor;e due ::r.^. paysCle under any nil, gas,
<br />or other mineral lease of any kind now existing cr t.hett may hereafter come into existe,^.c{', rovering the above lazed
<br />or stt}~ part thereof. A_1 sur.h sums .so received by Mortgagee shall b? applied tc the indr'bCadness secured hereby; or
<br />Bald Mortgagee may aP its option turn over and deliver to the Mortgagors or t-heir successor-s Su interest, s:w or all
<br />of such sums without prejudice Lo any nt Morcgagearr rights tq take and rennin fuLU•~ sums, and without pre,Judlce
<br />to ar>,y of its ether rights under figs mortgage. The tr_nster and cr,~r;ve-yau~~e herr~un•:.•:- *n Mortgagee oP sold rents,
<br />royal Ckes, Donu:,es. wad delay moneys shall be construed to De a pr^vtsi ~n t r the 1•rtrtyment cr rodactian of the mort-
<br />gage debt suntacr_r~, rho Mcrtgagae~ riot: ::ereinbef - --
<br />,tiag2 it or, 5rsid real
<br />estate, upon pavmenr _;; full cf theCmcrtgagendebc and the°Prc iPase et this m v t,zage ~of ra..erd,~this~cor.oey once shall
<br />become inoperat!ve area e,' no ft.rt.?ter torr,e and effect.
<br />(Words aru3 phrases herei*r, irt;: uv:iir,„' '.he scknm,.itedg Rer! he rea ~. ~ha1i _*±i,-_' ~_. _.. *h~ __.;su:ar ~ yt~:a,
<br />ntxtbers an.3 as mach-aline, ±eminir~, e- nca?vr gerl3er, a~^orti i:.~ to the-.:e*. r. _i r~,~, ,-.- -_-
<br />% `, .__
<br />(SQL) ~ ~/ /f~.,~.-~-. ~' t ~..~
<br />'~`Zi `` ~ ~ , ,~~l~t n e
<br />tiAL' G..:.G aattor>` l,~c.~ ~-' SEAL)
<br />Eleanor. Ruge~~
<br />--- (SEAL' _~...._~.. - _.._.:'S'e:AL?
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<br />State, personaiiv a,^pa.+red Aielvin H. huge and Fleanc~r ri. Ru~~~(lashand and wife,
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