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<br />(6) ?hat in the event any awards are made to the Mortgagors or their successors in interest fcr taking or demaging
<br />by the exercise of eminent domain Che whole or any part of Lhe mortgaged premises w any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee la hereby authorized to coltecL, receive, and receipt
<br />therefor and Co apply Lhe same in payment of eny indebtedness, matured or unr~a tared, secured Dy this mortgage.
<br />(7) ?hat Sr. the event MCrLgagers defauiU in the payment of said principal sum, er of any installment thereof, or
<br />of arty lr. forest thereon, at the time when the some shall De due, or with respect co any covenant cr condition here-
<br />of, then, at the option of Mortgagee, the entire Sndebtetlress secured hereby shall forthwith become due and payable,
<br />shall bear interest at the default rate described in said note, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue any other available legal remedy. -~
<br />{6) Triat in the ?vent action Ss brought to foreclose this mortgage, the Mortgagee shall De entitled to immediate
<br />possession of the mortgaged premises, and the court may appoint e receiver to take possession of ssld premises, with
<br />the usual powers oI receivers in like caws.
<br />(3) That Tsilure or delay of Mertgagee to exercise arty of its rights or privileges shall rot De construed as a
<br />waiver thereof; Lhat at~y act of Mortgagee waiving any specific default of Mortgagors shall nct be construed as a
<br />waiver of at~y Suture defaults; Lhat in case of default in the payment of any amortization installments or interest,
<br />or in case of payment Dy Mortgagee of any 'len, ~udgmen t, tax, lnsuraare, cost or expense, or rents, fees or charges„
<br />said Mortgagee shall have the pr ivliege, without declaring Lhe whole indeD tedness due and payable, to foreclose on
<br />accDUnt of such spec Sfic default for such sums as are 3n default and such foreclosure proceedings may be had and
<br />the lard described herein may be sold, subiect to the unFald indebtedness hereby secured, and this mortgage shall
<br />continue as a lien for anl' unpaid balance.
<br />(10) That the Mortgagee may extend and defer the maturity of and renew and reamortize Bald SndeD tedness, release
<br />-from liability atp• party liable thereon, and release from the lien hereof portions of the property covered hereby,
<br />without affecting the priority hereof or the liability of Mortgagors or ary other party for Lhe payment of said
<br />1 edeDtedness, all such extensions, deferments, renewals. and reamorcizat!ons to be secured hereby.
<br />(1?) Transfer of Security. It is agreed between the parties hereto, th21r heirs, legal representatives and assigns,
<br />that the integrity and respons1D111cp of the Mortgagors const itu *.es a part ^f the consideration for the Note secured
<br />^ereDy, and that ir. the event the riertgagors shell se13, transfer, cr ronvey t!ie property described herein, the
<br />Mortgagee may at Sts option declare Lhe entire indebtedness immediatel;; due and payable and may proceed Sn the en-
<br />forcement cf its rights as or. any other default ±n Che terms oT the note and mortgage.
<br />{i2) Assi Amer.*_ o? Proceeds of Mineral Lease. Mer tgagors hereby trsnsTer, set over, and convey to Mortgagee all
<br />Mys,tla„ ., ann nglay m~~ev-~ gnat s?sy cram rime to time become due and payable under any oil, aas,
<br />cr other nine a lease Vcl any kind now existing e+ LhaL may hereof ter come Into existence, covering the above lend
<br />nr aqy part thereof. All such sums.so received by Mortgagee shall De eppiied to t..*,e indebtedness secured hereby: or
<br />said Murtgagee may at its option turn over and deliver to Lhe Mortgagors er their successors in interest, a1Ly or all
<br />,r such su-s wlthcuL prejudice to ary oT Mertgagee ~s rights [o take and retain future sums, and without pre~udlce
<br />,.c. a+~v o.* its other rights under this mortgage. Tk;e tr are ter ant ^_enveyaace hereunder to Mortgagee of ssld rents,
<br />rcyaities, bonuses, and delay moneys shah be construed to De a provision for trio payment Dr reduction of the mert-
<br />¢age debt, s~b;ect*.c Lhe Mortgagees optior. as herein^efere provided, independent oT the r,.artgage lien cn said real
<br />esta*_e, llpr payment Sr. full of the mortgage debt and the release of this mortgage of record, this conveyance shall
<br />Dec^me Yncperatlve 3'Id of no further force and effect.
<br />lYo.ds a+~ ~jk+¢svs he+eCr.. i*t~: ivd ing ,he cc know ie3gme rt he+ec=, cra t? be tors:*`uz3 -_s ir, the sing u'.a+ or ¢'.ur¢t
<br />+tla¢^e+s ~_;.:.s mascuii~.e, `Peirine, or nzute+ gender, ~_~c+.'. i:.~ co the c:>':text.;
<br />Commercial National Bank and Trust
<br />5~.~ ) tympany of Grand Island, Trustee in {SEAL)
<br />- the Matter of the Trust Estate of
<br />(SEAL) AJ.lce xieSlana nneceas))ea ((J~ (SEAL)
<br />(SEAL ) By ~ 0.~- V,tee Lxcq . t~
<br />1
<br />( S«. a• 1 ( SEAL )
<br />STATE CF ~ ~ ) .
<br />_ }ss.
<br />COUNTY OF `~ :=_~~~~ )
<br />=! .
<br />{?n this ; +''day `,~%~''=.` 1979, A.D., before me a Notary Public in and for
<br />said County and State perso~lly appeared Richard Rabe Vice President 6 Trust
<br />~$i„or of the Commercial National Bank and Trust Company
<br />of Grand Island, to me known to be the person who executed the foregoing instrument on
<br />behalf of the Commercial National Bank and Trust Company of Grand Island, Trustee in
<br />the ttatier of the Trust Estate of Alice L. Riesland, deceased, by authority therein set
<br />forth, and acknowledged the execution of said instrument to be the voluntary act and
<br />deed of said trustee by it voluntarily executed. ~
<br />Barbara 1. Bydale~;„
<br />~~6lIR-~rtMrp (Type or print name under dignature)
<br />_ ~~ Notary Public in and for said County and State
<br />M~-4~Mif~1M~
<br />My commission expires
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