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~ That in the event any awards are made to tkte
<br />awards arerhereby a si a eddto ache MorthageeQrthe Mpartaofrthermortir yucca r^s in interest for taking or damaging ( '
<br />any gaged premisos or any easement therein, the said
<br />gn g Mortgagee Ss hereby authorised 'a toile*,C, receive, and receipt (
<br />therefor and to apply the Same in payment dt any Srdebtedhess, matured ar once a~turmd, spcure'd Dy phis moa^tgap;g,
<br />d
<br />t7j That 1n the event Mortgagors default in the payment of said principal sum, or of any Snstallment thereof, or ~ )
<br />of any interest thereon, at the time when the same shall be due, or with respect to any covenant or condition here- ~ ?.;
<br />cf, then, at the cptien of Mortgagee, the entire indebtedness secured hereby shall forthwSth become due and payable, f ;._ -~
<br />shall bear interc.;t at the default rate described Sn said note, and the Mortgagee rosy immediately foreclose Lhis
<br />mortgage or pursue aqy other svallaDle legal remedy. ,
<br />(6) That in the event action is Drought to foreclose this mortgage, the Mortgagee shall De entitled to Stmnedlate
<br />possession of the mortgaged pramfses, and the court may appoint a receiver to take possession of sold premises, with
<br />the usual powers of receivers In like cases^
<br />(9) That tail¢r~ or delay of Mortgagee to exercise any of its rights~or privileges shall not De construed as a
<br />waiver thereof; !bat any act of Mortgagee waiving any specific default of Mortgagors shall nut be construed as a
<br />waiver of ar>,y future defaults; that Sn case of default In the payment of any amortlzatlon installments br Snterast,
<br />or Sn case of payment Dy Mortgagee of any SSen,JudgmenG,L'ax, insurance, cost cr expense, or ren*_s, fees cr charges,
<br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due acct payable, to foreclose vn
<br />account of such specific default Yoe such sums as are in Setault and such foreclosure proceedings may De had and
<br />the land described herein may De sold, sub,7ecL to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a lien for any unpaid balance.
<br />(16) That Lhe Mortgagee may extent and defer the maturity of and renew and reamortize said 1ndeD~edness, release
<br />` from liability ary party 11a61e thereon, and release from the lien hereof portions of the property covered Dereby,
<br />without affecting the prlcrity hereof or the liability of Mortgagors or aqy other party for the payment of said
<br />ladebtedness, all such extensions, deferments, renewals, and reamorCSzations to De secureu hereby.
<br />(11) Transfer of Security. It is agreed between She parties hereto, their heirs, legal representatives and assigns,
<br />that the integrit;,• and resporsibSllty of the Mortgagors constitutes a part of the consideration for the note secured
<br />hereby, and that in the event the Mcrtgagors shall sell, transfer, or convey the property described herein, Lhe
<br />Mortgagee may at its option declare the entire SrdeDtedness immediately due and payable and may proceed Sn Che en-
<br />forcement of its rights as on arty other default in the terms of Lhe note and mortgage.
<br />(12) Assignment cf Proceeds of Minersl hesse. Mortgagors hereby transfer, set over, and convey to Moe*-~agee all
<br />rants, royalties, oonuses, an~i dei;q• moneys i.ha'. rnny from tine to time Decumn uud nuu pay able under retry oi:, gas,
<br />or ocher mineral lease of any kind now existing or that may hereafter come into existence, covering the above land
<br />or any part Chere~_if. All such sums.so received by Mortgagee shall be applied to the indebtedness secured hereby^ or
<br />said Mortgagee ma;: at its option turn over and deliver to the Mortgagors or their successors in interest, ary ar all
<br />of such sums wi ttr:ut preJudice to any of Mortgageo ~s rights to take and retain future sums, and wl thouG pre,Judice
<br />to arly of Sts oth•tr rights uni!er trSS mortgage. The transfer and conveyance hereunder to Mortgagee of said rents,
<br />r~~yaltles, bomtse::, and delay moneys shall De construed to be a provision for the payment or reduction of the mort-
<br />g~:ge debt, sub~act to the Mvrtgageers option as herelnDefore provided, independent at the mortgage ilen on said real
<br />estate. Fipon payment in foil et the mart3age debt anti the release of this mortgage of record, this conveyance shall
<br />b~'come inoperatSvr and of no further force and effect.
<br />?~vrds an3 ;ahrnsfs ha,rain„ {.;e?~~!int Lka acknu.,tedgeer,t Afreot, shaft be cvrstrue3 as in fire singutar or Murat
<br />n°~harg and as ua :._uttin?, fiemini-ne-, n+• >Geut~+' gea3e*, urcor3 ing to t~* c~ntex~t~f, ,/
<br />- -(SEAL) ~~~'r/ ^'U~~~L~~ (SEAL]
<br />ea ~) ; ~'aul M. Rauert
<br />-.-_-~-t....~_ (sx AL) '~'' ;''', r ,~'~- ~~ (SEAL )
<br />Cerro 11 J. Rauert
<br />(SEAL)
<br />(SEAL)
<br />- (SEAL) (SEAL)
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<br />S"ATE' GF ~,,n t- /~ ',•~_.C'
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<br />~. Lhls.,,~:„~;'_.~,.da1 .., - - - ---- ,,.,... lii~; Def..rr: .,: a F3otarJ PuU.,- ,,~. azrd fc: _ai`u ii:unty and
<br />,sl ate, per canal ly appearr'F,~• Paul M~_Raueri~i_alsu known .as Paul Aauert~ asd Gsrrs3l.1 J. kauert,
<br />_, husband and ~.tf.~.~___.__T____._.__.~.
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