|
<br />{6) That In the event any awards az"e made to the Mortgagors er their sucr,essers ;n in*,erest for !%:k, ing or damaging
<br />by the exercise of eminent domain the whoia or any Part. oP the mnrt.gaged premf ses m' arp• easem±:,t L'ierein. the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to collet c, r2relve, ar,d receipt ~
<br />therefor and tc apply the same in payment of arF/ indebtedness, matured or unmatured, secured Dy tnis mortgage. ~
<br />^! That Sn the event Mortgagors default in the payment o Bald principal sure, or of a<ny inst.ailment therect, or i
<br />of ~aqy interest. t!Sereor„ at the time when Lhe same shall bei due, or wl to respect t^ any covenant or co!rditlon here- ~
<br />cf, Cher., st, the option of Mortgagee, the ant Sre indebtedness secured hereby shall forthwith become due and payable,
<br />shall bear Interest at the default rate described 1n said note, and the Mortgagee may immediately Corer. lose this 1
<br />mortgsge or Pursue any other available legal reme^y. {
<br />(~) That Sn the event action is brought to tor2clese this mortgage, the Mortgagee shall De 2ntltled to Immediate t
<br />possession of Lire mortgaged premises, and the court nay appoint s receiver to take P~ss2ssicn of Bald premises, with t
<br />the usual Powers of rec2lvers in 11ke cases. 1
<br />(P} Thar, Si•.:r? or sy of Mortgagee to ea- cis' _ry - t ~1 be construed as a k
<br />waiver thereof' thst any act of Mortgagee waiving u:y specific default~of Mortgagors shall net be construed as a
<br />waiver of ':m: future defaults; thsc in case df default in t?Se F,aJ'mer,t of sry amore izatior. ±ns tsllmeats or interest,
<br />in case of Paym=..^.t Dy 1?or tgagez of a;tv lien, ~~.:dgment, tax, ?Hsu.^1::~e, cost er esPense, or rents, fees or charges,
<br />Bald Mortgag?e shall have t!Se pr±vilege, wlt.hout. declaring th? wh^i? SndPbtednec_s due and payabl=, Co fereclos2 on
<br />account of such specific d2fauic for such sums as are !^ defaul+. and such Lorec idsure proceedings msy be had and
<br />LC2 isnd described her2lr. may be sel:, sable,^t :., the ::nP::Sd indeD redress ,*,ereby secured, and triis mortgage shall
<br />^onSinue ass L2r: for r~:y uaPaid D.°-iat:ce. j
<br />{1:" -:^-at the uortgage2 may extend antl defer the ^;aturl ty of and renew and ^eamorti ze sa'd Srd?btedness, releese
<br />'.rcT .ity arty party iisble i.her2en, and release "rom the 112n hereof I ^lions of the property co•.•ered hereby,
<br />w?thou t~af fec:irg the priority nereet ~?~ th? 1?abllity n ^tgagors .~r a.ny other Harty for tr,2 payment of said
<br />. ^deDt edness, all such extensions. .._.e:r.eas, renehsls. _,... reamort. ^.atiera to b? secured hereby.
<br />~++ wafer of S?curl cy. it is agreed De uveer. iha parties DerM o, the!r heirs, 1?gal repres?rtat l'~~es and assigns, ~
<br />'hat. '?e ~^.tegrity and r25pers1Di 11 ty of Mcri gsgors constitutes ~ vrt ^*Lhe consideration for the Holz secured
<br />-eD,, n t. - ire er. t .tgagcrs en-•: se t ~.n er r -om'2y tha p-eperty described her eSn, the !
<br />g e v * --F ' c t-.? enure ..~d2Dtedna s mmzd a z+y dua srd Payable and r:ay proceed !n the en ~ -
<br />e... _ ..._ .ah n} Her de faJlt 1 ~' Lern.. Jf ~:,_ ~C nd m0 Lg ~
<br />.i ignm?rt ~' - zc e ~ r ai :,e°s~. ~ - ~ secs her?Dy t ^ .e ,ec nv r-~ orvey to ^icrtgagee all
<br />re :epa, t.?s, D~:~ ea s.- de a} mar.eys tha .. _* ti-c, to D_con -u ,j r_y Die under anY oil. gas,
<br />o t ~ nines: '2a e ~ Wny i d ^w eY n., hat - y n2 eaft ire in .~ ex .er oaring the above ward
<br />.~ cart thereof. ~" sncn am _ o r ce ~ e b :boo Shal_ 6 a_ ad c -h. n ~- eaness secured nereoy: dr
<br />_s~ W r 3a¢ r' ti st its opt+en : c :d de-1 rp rha rt-,,-y g-rs .r 27- rc..s.,ors in interest, any or all ,
<br />u h "u w.tr. ;,reiudic y T tgag e ght t.. *ak and re .in .rt -e suns, and without prof udlce I
<br />- ~ ,. .-~r._: his u:j r n- --tame. .n. r..[rs*e, sn.. c. n ~.: t .- e,tr r to Morlgagoe of ssid rents, i
<br />rc}- t.ies, ~enzsas _:d i~y n~.:_J_ sY.a__ oe cons _ o be a pr 1 '.^ t.. - yment c* red::cticn et the more- )
<br />:.z -D e ~ the - ~~ g ?~5 ~1 - as he b ore .v d? - e;, n t nt g-g°_ lien on said real
<br />e t ~ -~YZr n_ .i c t 5 ~, -etc and t .l a_.2 e. ~.5... ~- _g_ n. ire..,,. d, .,nit rem eyance shall 4 _
<br />ca..c..~ ...cF2.-,~.'e a..,. ,.. ..~ .~. _..a. fen.2 _nd e:.f_.t. :
<br />-d W- a - n e ~ a- z-a z.. - r ,:.,?:: ~. : , ..._ sin~u?ate c> glilrat
<br />^..OS: _. ..a :~ ,a ::2,:1 ..2. PT. ... ~ c:.. _" .. ..... ~f. - ~._ .J':'t 1'
<br />J ~ ~ +
<br />__..1 {55AL/ 1
<br />~~--77Richard C. Spiehs €
<br />Dia R. Spiehs t
<br />i~AL1
<br />cA1.1 ;SEAL)
<br />~, /~ '
<br />~,r,! ..
<br />r,
<br />_.a-e ~_ __ _ _, _ Richard C. Spiehs (also known as Richard Chazles Spiehs) and
<br />Diane R. Spiehs (also known as Diane Rae Spiehs), husband and wife,
<br />_ _~ ".
<br />-_..: -. ...nw.. ,..- _. ... ,--.. _ .. .. _ ... _ _ .5 .. _ .. _ ... .. ~ _ _~? _ ._ ate.... _
<br />-. ~ .~
<br />
<br />T
<br />o j
<br />
<br />~ _.__.__ _
<br />
<br />_ ~ -
<br />~ , i
<br />
<br />
<br />1 ;
<br />'I
<br />i
<br />~ ~
<br />1
<br />w ?
<br />
<br />~
<br />~
<br />
<br />'~ U i~ ~
<br />~
<br />1° ~ ~
<br />~ U
<br />I 1 m ~ i
<br />° '
<br />~ '~ m i ! ! - - ..
<br />1 ~ - ~
<br />j
<br />
<br />
<br />~ ~
<br />~ c~
<br />'
<br />c
<br />~ ~ ^C
<br />m s ~ i
<br />~ ~.°Y 1 4
<br />~ ~ _
<br />~ I ~ ,
<br />3 i I
<br />3 ~
<br />~ ~ ,~ poi ~ ! =
<br />~.
<br />_ _
<br />LL ~ L- pp,,
<br />"~ lC E
<br />°~ E Y .-, ,.
<br />1
<br />m _
<br />
<br />.o ~
<br />_
<br />
<br />~
<br />_
<br />_ -
<br />_
<br />y
<br />? ~ ~ ~
<br />U ~
<br />~t
<br />I _
<br />+~^_'- ~
<br />U ~ ~ --
<br />
<br />,~y
<br />c
<br />r\
<br />y~ i
<br />`,
<br />t~ ~ ~
<br />~ ~:
<br /> l
<br />•
<br />t ,; ;
<br />j~-
<br /> . ~,~
<br /> F
<br />'
<br />!
<br /> ~,
<br />:~ ~ , i
<br />i
<br />
|