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(f,) That In the event any awards are m5zde to the Mor~bgaoirthermorrSr~ s~ceessors In Sn rest: irr talc av, or dhea~a~ld
<br />by the exercise of eminent. dcrosln the w.:o1e or arty p g g'. Uremises or ar easement there!r,, <
<br />awards are hereby assigned t,o the Mortgagee; the Mortgagee is hereby authorized cv col'_ect, re rely„ and receipt
<br />therefor and co spp ly the same 1n UgYment of any !ndebtedne ss, matured or uru~aw rad, secured b, this mer tgage.
<br />(?) That Sn the event Mortgagors default in the payment of said principal slim, dr of any trs tallr..~ent ttarev7, ar
<br />of a,~v to tarest thereon., st the time when the same shall be due, or with respect to ahy covenant condStl o.^.*.er2-
<br />of, thoh, at the option vI Mortgagee, the entire indebtedness secured hereby shsll forthwith Deedme~due end payable,
<br />shall- bear in LeresL st the default rate described in said note, and the Mortgagee may Smmedlatey foreclose this
<br />mortgage or pursue any other available legal remedy.
<br />(8) Tkat in the event action Is brought tv foreclose U;Ss mortgage, the Mcrtgagec shall De entitled to 1rm=_diate
<br />possession of the mortgaged premises, and the :;ourt ray appoint a receiver Lo take possession cI se1C premises, with
<br />the usual powers of rer.e hers in like cases.
<br />(g) That failure yr del sy of Mortgagee Lo exer r. ise any o.* 1LS r'ghts or prly lieges shall nut be construed as a
<br />wsSver thereof; that aqy sot of Mortgagee waiving any ..^:peeifls default of Mortgagors shall net De cons trued as a
<br />waiver of any future defaults; that in case of default in the payment of any amortl zatlon Installments or interest,
<br />~r in case of payment Dy Mortgagee of any lien „judgment, tax, lnsuranr,e. cost cr expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due anA payable, to torer,lvse on
<br />account of such specs tie default for such sums as are in defau lL and such foreclosure proceedlnPS may be had and
<br />the land described herein may be sold, sub,j ect to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a 1!en for any unpaid b2lance.
<br />(SO) Thst the Mortgagee may extend and defer the maturity v.* and renew and reamorti?,e said indebtedness, release
<br />from liability aryy party liable thereon, and release from the lien hereof portions of the property covered hereby,
<br />without affecting the priority hereof or the li ability of Mortgagors or arty other party for the payment of said
<br />indebtedness, all such extenslvns, defer menu, renewals, and reamortlzat Sons to be secured hereby.
<br />(SS) Transfer of Security. It Ss agreed between the parties here te, their heirs, legal representatives and assigns,
<br />that the integrity and responslbi li ty of the Mortgsgors constitutes a part M the ccnsidera ti on for the note secured
<br />hereby, and thst Sr: the event the Mortgagors shall soli, transfer, er convey the property described herein, the
<br />Mortgagee may at Sts optior. declare the Pntire indebtedness immediately due snd payable and may proceed In the en-
<br />forcement of its rlgh*s as on a.1y other default Sn the terms of the note and mor*.gage.
<br />{12) Assignment of Proceeds e7 Mineral Lease. Mortgagors hereby transfer, set ever, and convey to Mortgagee all
<br />rents, royalties, bonuses, and delay moneys •het may from time to tame become due and payable under any oil, gas,
<br />or other mineral lease of any kind now existing or that may hereafter come Into existence, covering the above lard
<br />or ar>.y prst thereof. Ail such sums.so received by Mortgagee shall he apUlied to the indebtedness secured hereby: or
<br />said `?-^tg~ee nay at its ^^tSC.^. t;;r.^, eva_ 3^.d del i,rer to the Morrgaeers or their successors is Lnter?sL, an>•er sll
<br />o_* snob sums vri them pre,j udice to ~^y of Mor tgagee ~s rights to take sn3 retain future sums, ?,.d without prejudive
<br />to a~;,y of its other rights under this mortgage. The transfer and conveyance nerew~der to Mortgsgee of said rents,
<br />royalties, bonuses, and delay moneys shall be cons t: sod to De a provision for ehe payment or reduction-of the mort-
<br />gage debt, scbJect to the Mortgagee rs up tivn as herelnbefcre Urovlded, Sndepen dent of the mortgage lien on sa!d real
<br />estate. 1)Fea payment in fuL: of the mortgage debt asd the .release o1 this nertgage of record, this conveyance shall
<br />became inoperative and of no further force and effect.
<br />fircr3s and phrases herein, inc LVd i:.g flee ac An:o•.v!e3gae>.t he ran `. .shalt be cons true3 as in tF.e stingu?ar or ¢lurat
<br />nzmcbers and as masculi::e, ;`c-mirine, or water gen3er, accord ir. to the ten text.i ,~t1~~^,-~-
<br />Jeri~j Dibbern
<br />;SEAS / {SEAL)
<br />Verna F, Dibbern
<br />(SEAL` (SEAL)
<br />{Sc A_1 {SEAL)
<br />).A^_ JF
<br />C9E?din" ~: /T /i ~ L~
<br />~; th Ss ~t-dav ,ur ~(iJ N r .t 13 ~, before me, a Notary Pub'_Sc :^ and for said County and
<br />state, persoral'y =:-eared Jerry R. Dibbern and Verna F. Dibbern, husband and wife, ! '
<br />to ne k_>,ovn D2 :?: _D. ~ ~ " . 'y _. ~xec.:•e^ .,,>~ -'g?ir:a '°~'^'T-"t, .rdackr,ew:edged that they executed
<br />the sis~e a. ~Fe.: ~a:.t://j~+~- _..r- _°~.. ~~ ~ ~,~
<br />.y ~ammis~ien ex`~1i== /viflYvl/t ~~ lr/!S ~ ~~1.~~~/1~~.( I~/yGLL1
<br />i~ltiMp-blw~ti~M~Y 'rc, _ 'cF•~ ,t na~_L~u~Ufq~a~.>;
<br />~~~~ r r 1 ~ _.,. .: 55! i D:Lr,ty Nnd ....'.'?
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