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- j -~~" *r a3z - ~ 1 - -.-~ _: tzrest fur taking or Gamaging
<br />r - <e ~ - .~~ y - ~z^~or~any zasement therein, thz =aid
<br />r _ -y R - . r. ag '_ Y.lr,.gagaz 2- °-.y -~~ha, ~zsd to coilzc L, reczTve, and receipt
<br />.,x _...4 a.:,. .. ,.,.,r , i_ w^a. _ _.. ,-fa..:t .. ~r ?rdeSte?n_ss, ,:_tur=d ar urzatared, secured by ChSs mortr3ag?.
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<br />~r ~°SS;at in the went ~-'t3a3ars ?efau*. ;r. rte payment of said pr.tncipal sum, or of &-,y installment thereof, cr i
<br />' ;` interest .serex_ st tae time M=en the sass=_ shall De d•.ie, ar with respect to ary,~ covenant ar condT tior. here-
<br />=f, .^~n ?t >,rie ~=ption --f .:~r tgag?~, the entire ~^debte~,ness s?cured hereby <_hall forLDwith become due and payable,
<br />i ehal'_ Dear interest at tae dsZault rate descri Dzd !n sold noU_-, and the Mortgagee may 3msed1ately foreclose this
<br />rortgage ar p<~•s=:e any cther ava3laDle leg_1 remery.
<br />I 'ni that in the event acticr is Draugat tc foreclose this mortgage, the Martgngee shall be entitled to Smmedl ate j
<br />;~osszssion of the mDrtgeged premises, and the coart may appoint a receiver co cake possession of said premises, wl th [
<br />-he usual Dowers of receivers Sr, 12ke cases.
<br />I -8} Taat failure or delay of Mortgagee to exercise any o2 its rights or privileges shall not be construed as s
<br />! :•.alver Uhereaf; ;.bat any act cf Mortgagee waivia3 any specific default of Mortgagors sha1Z not Oe construed as a
<br />vetiver of any future defaults: [hat In case oZ •`eZault Sn the payment of any ausortizatlcn installments or Srcerest,-.
<br />cr Sn case of payment Dy Mortgagee of any lien, Judgment, tax, atlsurance, cost or expense, or rents, fees or caarges,
<br />said Mortgagee shal.i have the privilege, without declaring the whole indebtedness due and payable, to foreclose on 4
<br />account of Bach specif=y. default for such sums as are in default and such foreclosure proceedings may De had and
<br />the land descr lDed here to may De sold, suDJ ect to the unpalG indebtedness hereby secured, and Lhis mortgage shall ~
<br />continue as a lien for any unpaid balance.
<br />(10) That the Mortgagee may extend and defer the maturity of and renew and reamortize Bald Indebtedness, release ',
<br />from 11aDility ary party liable thereon, and release from the 11 en hereof portions of the property covered hereby, '.
<br />wl thout affecting tae prf orl ty hereof or the liability of Mortgagors or any other party ..*or the payment of said
<br />indebtedness, all such extensions, determents, renewals, and .^eamortizations to be secured hereby. I,
<br />(11) Transfer of Securl ty. IL is agreed between the parties hereto, their heirs, legal representatives and asslgna,
<br />that the integriti sod respons1b111ty of She Mortgagors constitutes a part of Ghe consideration for tae note secured
<br />hereby, sod that 1r1 the event. the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />Mortgagee may at tts option declare the entire Indebtedness lmmedlately due and payaDlz and mqy proceed in the en-
<br />forcement oY 1*s rights as on arty ether default Sn the terms of Lhe note and mortgage. -
<br />(12) Assignment cY Proceeds of Mineral Lease. Mortgagors hereby transfer, set dyer, and Canvey Co tatrtgagea al3
<br />rents, royalties, bonuses, and delay moneys that may from time to time become due and payable amity- arty e%21,
<br />ar other mineral lease et any kind now existing or that may hereafter come into existaace, caverln¢ tDe above 1a~t
<br />cr aqy part thereof. All such sums.so received Dy Mortgagee sha12 De applied w the fndebtednass sa`cured harebyT ar
<br />said Mortgagee may at !ts option turn over sod de~.lver to the Mortgagors or their successors in Interest, afAy or alt
<br />o' such sums wl th out preJudl ce to any of Mortgagees rights to take and retain future sums, and witiiorit pprefudlos
<br />Lo aqy of Sts other rights under this mortgage. T7re transfer and cenveyanee ..*,areunder td Mortgagee of acrid yenta,
<br />royalties, bonuses, and delay moneys shall De de.•u;trued to De a provlsl an for the payment ar react}qy Cr.t~ fit'
<br />gage debt, suDJect to the Mortgagees optlor. as Dereinbefore provltled, Yndependent of the martgege ilea ail said t'6t2
<br />e:Mate. Upon payment Sn fail cf the mortgage aeGC and the release oY this mortgage of record, this ronveyance abaft
<br />become inoperative and of no furtaer force and effect.
<br />{YO.ds and ~hraSES here ;n, ircl~ding tF.e ackRaatedgcert hereof, sha22 Qe construed as in tA:e siagatar o* ~dwvt
<br />r.~m5ers and as :w ra Iine, feminine, or »aute> gertt?ar, affording to the context.?
<br />- (SaAL) ~ `:~` ~'G'L.j ~':Sflf fL~Y~`aCL - ~i.r
<br />~~.~' GT E~ l ~` ~ rY U ~5't
<br />~~`l ~.~' Beverly ,1 Tlw~ute
<br />(SEAL) `f ~~ „9;ficALB
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<br />Sr-ATE; OF _. `i~~_ -
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<br />Oi, tnls,t"~$d4s cf - .,,:,;~~~~,, _.~- 1.^.. T6-=.=. t.Yare ea, a µ~!carg !~xb/i~! .~ ~.'. " ss<:i `r,~i„r ;~
<br />st ace, personally al peand_TGarry D. 1'haatas and Beverly J. Thamms, btfebEfld a~ ~rifr,
<br />tc me known co be t~' Per:-,^rr nursed ~^ .~~_ n::~_ ~rx,'c :tc~ sne f:crag:: ln3 t:rstr~secc. s::+1 a4 k;:uwis:.tita.: :hs; tE.nf axs:~av4
<br />t1.a same a Che1r vc:. u!;t:. r, -~ :u:;; .+.:,ear
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