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<br />(9) That in the event any awa^ds 3*e made to the Mortgagors or Uhe it successors in interest for taking or damaging ~ -,
<br />by the exercise of eminent domain the whole or any part of the mortgaged preml sea or any easement therein, the said
<br />awe^ds are hereby assigned to Lhe Mortgagee; the Mortgage? is hereby authorized to collect, receive, and receipt
<br />~ tY,erefor and to apply the same in payment of any indebtedness, matured or unmatured, secured by *.his mortgage. S ;~
<br />i ( `:
<br />('7) TDat ir. the event Fortgagors default in the payment of said principal sum, or of any installment thereof, or t
<br />o: arty interest thereon, at the time when the same shall 6e due, or with respect. Lo any covenant or condition Here- ~ ~.,!
<br />j of, then, at the option of Mortgagee, the entire SndeDtedness secured hereby shall forthwith become due and payable, ~ -
<br />shall Dear Sn terast at the default rate described in said note, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue a.+>vy other oval Table legal remedy. - c
<br />(8) That in the event. action is brought Lo for?close Lhis mortgage, the Mortgagee shall be entitled to Immediate ~ ;~:- --
<br />possession of the mortgaged premises, ar:d the court may appoint a rece lver to Lake possessl on of said premises, wl th
<br />the usual power- of receivers in like cases.
<br />(9) Slat failure or delay of Mortgagee to exercise any of its rights or pr Svlleges shall not he construed as a # :~.
<br />waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a t -
<br />waiver of any future detau!LS: that In case of default Sn the payment of any amortlzar,lon instal imoncs ar interest, i :I
<br />o: in case of payment by Mortgap_,ee of aqy lien „7 udgment, tax, insurance, cost or expense, or rents, fees or charges, ~ ;~ -
<br />sald Mortgagee shall have the privilege, wl shout declaring Lhe whole Indebtedness due and payable, to foreclose on
<br />account of such specific default for such sums as are 1n default and such foreclosure proceedings may b^- had and i ~ -
<br />the land GescrlDed herein may be sold, suD,l ect t.o the unpaid indebtedness Hereby secured, and this mortgage shall k! .
<br />contlitue as a lien for auy unpaid balance, r -
<br />.(SO) That the Morcgagee may extend antl tlefer the maturity of and renew and reamortize said Indebtedness, release ~ j
<br />7rom liability any party liable thereon, and release from the lien hereof portions of the Property covered hereby;
<br />without affecting the priority hereof br Lhe 11ab111 Cy of Mortgagors or any other party for the payment of said
<br />S ndebtedness, all such extensions, deferments, renewals, anA reamorGizatlons rv be secured hereby. S[[
<br />(11) Transfer of Securl ty. Tt is agreed between the parties-hereto, their heirs, legal representatives and assigns, ~ { -
<br />that. the integrity and respanslbtlit,y of the Mortgagors ~onstlto tea a part of the considerat Lon for the note secured -
<br />hereDy, and that in the event tt:e Mortgagors shall sell, transfer, ar r_onvey the property described herein, the i
<br />Mortgagee may at its option declare the entire Sndabredness immediately duo a,d p~,•aDie r.^,., may proceed '^ r*= _^ F
<br />forcement of its rights as on sqy other Gefault In the terms of the note and mortgage. w. S „•
<br />(12) Assignment oP Proceeds of Mineral Lease. Mortgagors hereby trans ter, set over, and oorvey to Mortgagee all ( :,
<br />rents, royalties. bonuses, ant Gelay moneys that. may from time to Clme become due and payable under any oil, gas, I ,.
<br />or ocher mineral lasso of any kind now exis4ing or that may hereafter came into exlstenr.e, covering the above land i ;:•,,
<br />or aqy pnrG th roc := ~:ch su c_co rpra tveA nv wnrtaa¢ee shall be applied tv the indeD redness secured hereby; or } ;
<br />said Martgaeeecma}let It ~.-aptionmturn over and deliver to the Mart_.gagors or their surcessers Sn inr r-;r, any nr ail ~ -
<br />of such sums wich~ut -re,•udice to arty of Mortgagee ~s rights to take and retain future sums, and with--u• nre,i udlce
<br />Go any of its other r7gh!-s under Chls mortgage, The transfer and conveyance hereunder to Mortgagee of :ua d rents,
<br />rnyaities, Denuses, and delay moneys shall De construed to be n provision far the payment or reduction et [he mort- ~ ,-
<br />gage debt, subJect to the Marrgsgee~s option as here lrbetore prpvlded, independent of the mortgage lien on s~a G real ( ;:
<br />estate, Upon payment 7n `uil of the mortgage debt and the release of Ghis mortgage of record, Lhis conveyance shall ~ -~ '
<br />become Sneperative and o' no further foree and effect.
<br />(wo+3s attd ,¢+ase> herein, including the achra~ledgment hereof, shalt be co-cat+ued as in the siaqutar or 4iura! ~ _
<br />ma6ers anti as masculine, feetiniiz, or neuter pen,3er, accordir>g to the contct•.) ~ ' -
<br />) ,
<br />;SEAL) _ (SEAL) ~ -
<br />er(~•y .. Di born
<br />_ (SEAL) -:..i..-t..t.~..~ ~..+F~-c.d(-err:.. .~ (SEAL) I ~~
<br />Verna F. Dibbern
<br />-(SEAL) (SEAL) ~ -
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<br />', ~: ibis day of ~.S.3LSi.~._.~__~___, •,._., :. a..ttj, ..."ere .. n M tn;ry >vb#l,~ in and ._.. sold ~eunty ana i =
<br />~, Strce, persot:ally rpyearrd_ Jerry R. Dibbern and Verna F. Dibbern, husband and wife, z
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<br />tt me known to be t_.. ^:°uns n~:mzd 1n r~:r-d wh~~ ~~xr currd the Po.^egn ing isrs[ruree~u[, and aekr.ewiedged chat they executed
<br />th3 soma as their ~oi~.m te. ry ac' and de•z,.+_ ~_
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