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<br />(6) 771st Sn the event any av;ards are made co the Mortgagors or their successors Sn Srterzst for taking or damaging
<br />by the exercise of eminent tlo:naln the whole or any part of the mortgaged premises dr aqy easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee Ss hereby authorizeC to rollecc, receive, and receipt
<br />therefor and W apply the same Sn payment of caw SndeCtedtless, mat.lred or unmatured, secured Cy this mortgage.
<br />{7) That Sn the event Mortgagors default Sn the payment cf said principal snm, or df any installment thereof, or
<br />of a[yy !merest thereon, at the time when the same shall be dua, or with respect to any covenant or condition here-
<br />of, then, at the option of Mortgagee, the entire indebtednzss secured hereby shall for[hwith become due and payable,
<br />shall baer interest at the default rate described In said rote, and the Mortgagee may irurediately foreclose this
<br />mortgage or purses at>,y other nvallaCle legal remedy.
<br />(6) 7T.at Sn the =vent action is brought to foreclose this mortgage, the Mortgagee shall be zntitled tc immedi ace
<br />Dossesslan of the mortgaged premises, and the court nay appoint a receiver to take posszss ion of Bald premises, with
<br />,.~ usua_ pew?__*s et receivers In like cases.
<br />{cJ) That failure or delay of Mortgagee to exercSSe any of its rights br Privileges shall rot be construed as a
<br />waiver thereof; that. any act of Mortgagee vtaiving any speclflt default. of M:ortgegors shall net be cons creed as a
<br />waiver of aq}r future defaults: that 'n case of default in the payment of any a~~orLlzatlen !ns t.a'_ h:epts or interest,
<br />Sa case of paymznc Cy Mortgagee of any lien, tudgment, tax, ipsurance, cost er expense. c reps, fees or charges,
<br />ssSC Mortgagee shall T,avz Lhe privilege, without declaring t.`.e whole indebtednzss due and pay aCle, tc torec lose on
<br />accour.L Cf Sn^h speclf SC dPf 3lllt for SllCh 'llmS a5 are Sn de faint and 5lleh fOreC 1CS11re p cee.'.SUgs maV Cc' had dpd
<br />Lre land desrribed hotel.^^. msy Ce ,old, suC,l ect to the app:... Sndebsadness hereby secu.^ad~.~ar:d ,..._s mortg'ge shall
<br />continue as a lien for any unpaid `Dalanez.
<br />{10) '"hat the Nor Lgagee may extend sad defer the maturity cf and renew a rzamerti°e s_!d !adeCtedrzss, release
<br />Prom liatrill ty ary party 1SaCle thereon, and release from the Tier, hereoff~portlops o_ the p+-cperty covered hereby,
<br />without of fectirg the priority hereof or Lhe 11 ab!lity of Mnrtgaa~rs cr an• o[hzr par Ly for t*,e payment of sa_d
<br />indebtedness, all sec.*. ex Ceps!eps, dzferments. .^=_ne:eals. ant reamcrt:,.a*_.^^.= cc be secured be.^eby.
<br />(~~) --Transfer of Sec1:r' It is agreed Catwear. t?iz part) es hzretc, thzi_ ^e1rs, Segal rzpreser.tatlves and assigns.
<br />that the Spt.zgrity ihd rzsoopsiCil't't f the Nerceage^s !* tss '__ t*.e :. a.^sideratien far t.*.e note secured
<br />hereCy, and that the ever.:. 'i:e M,or~gagers s.*.e-i, se'_v t~E~.~.*e..M1t+~ ~inv,~. the ^reFerty described herein. the
<br />Nartgagee may at is p Ser. declare t.*.e _at!r _ndeCto -_ impz~iatz ~y and ^ayaCle and may proceed _n thz en-
<br />.ercer:ent -' it_ -!ghts Yas on sty .,*_her ~_fau_., __. the ._..., of the ...,te u_....,~rtgagz=.
<br />;L` Assfg^Ren*_- ef =roceeds e !pzral asz. tgsgers hereby transf=r, set ev=r, and co^vey to Mortgagee alI
<br /><^ts ^uses, zvs ay _-e t_ Cz ,- due °.n~ payaCie under any oil, gas,
<br />o c i~w _ _ _ _~e^ ir'~t ar!stepce. =rira thz above lard
<br />u :.ny pa-tlltherzcf. A ~- u h sL, s c v b - San ~ h :+- .. -F i :..".e indeCtEd.^,z~s seoure~! hereCyt or
<br />sa!d Mortgagee may ar a~ o~.!or. t.. ~ae_ ._. -_eSi~e ,. .he !?o. [ga3ars ..e!r successors Sr, SmeresL, aqy or all
<br />_'~,ch s+t with:. ^rejudi ce to Met ~aagze !grit !sic= _ d 'a'r. ',.:[u- sums, and With^ut ^re~udice
<br />to a1y cf its oti:eu[^i5'1 r'~ ..`:e - ~r ~, ~. per it ~ _r [c McrLg-agzz of sale ronLS.
<br />ro-v-lt:es, Cenusas, ~ __,, r.,..e}~ ~* _ e ~.s~ t^a F3. -lent or reCart!ar= of the mert-
<br />gage dEbt, s+_J;zc theLL ^tgag - tie ~as ..*.z^ery-~D=• _ _dzd. _ - dent _ c'1e ^_rtgage 11 zr. cn said rzal
<br />estate, Upo payazr.t f:,__ _- ;ga 3 v .: ___e~- ,_ ,..___ .,.... tga3e`o, ___.,. th!s coaveyanca shall
<br />Czcose .neperatlve rd^... nc. _,_..x_ _.r_~ _...~z:__ct.
<br />r gy._~ - q.rs- ;o ?i^ - -.§z ac zea• -r ae _-_- '- -- -.. x_ _.. .,, to si .s .ia- e- rj.l~n:
<br />_._ t J_s.C~a~a J ~..G. ~7i ` V 0~~~ ,SEA' 1
<br />~/., i, Arthur Ate, McDowel 1
<br />Arliss J. McDowell
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<br />'~ ,._.=s~~_ Ju1S, 1479 „._.. _._>. _e_-_.- ... - .,._ - ___~_ ....».- - =--_ r~unc :rd
<br />_ .,e,.~,na.__ ~ .„a_,- Arthur A. HcDowell and Arliss J, McDowell, hushand and wzfe,
<br />-h - - - ~ - - - - - - - ;nl wed _..at .hey exe~::c ed
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