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a: J T,ha* i , the ~:~ant dray at; at d 7 a_ a madr t.o t'*d'~ Mt,."tgag~o-s ~br ~it~i uri r err, 1n nt~~.~^e~. t c .,ski ~'4 or dama3=n,~
<br />b.r he ex.,. r, g,,,w o amine:yt dcmai.i t:._ whcl.- car ~ ay p~~ 4 c~.. the mr. ,..gam....;] larer;i>es or ... ,r e.aeren~ ~tho.. e1n., the s fl
<br />a,9a,,:^us. ;ere ia~~e~reby ass.l~nad to tfiae a5ortgag~7 tDe Mortir'.gee ns 3I1~'e~Dy aui.~hbria!ued to r;r7,,a1.~1~et, receive, and receipt
<br />il~ierefGnr and ~'ra'.apply the s~~me iri paymaant bf ~anyr l,idegbte~ness. matured: c~ uN.m~at~,:ar1r+. sec~n~are~d by this tuur•tgage.,
<br />(`7j 'That in ttie~, event 'MOrGVagors default in tksi=, jaayrnent of sold prindf„pal supra, ryr of ~sny instr_ilmian!G t~herert*. ar
<br />o` arty interest thereon, 9t `w a CSme when the so-so Shall"tie due,or witri respectto any covenant or condition riera-
<br />o^, then, at the option of Yartgagee, the entire 'ndebtedness secured hereby shall £orthwi'h become due and payable,
<br />shall Dear interest at the default rate described in said rote, and the Mortgagee may 2mmediately 'oreclose tYSis
<br />mortgage or pursue any other available Iegal remedy.
<br />(3) that in the event action is brought to foreclose this mortgage, the Mortgagee shall be entitled to immediate
<br />possession of the mortgaged premises, and the court may appoint a receiver to take possession of Bald premises, with
<br />the usual powers of receivers in like cases.
<br />walverhthereof7~t;iat any act of Mortgagee waivi g a,->y spe ific default of iMpPyileges shall not be construed as a
<br />gagors shall not be construed as a
<br />waiver of any future defaults; that in case of d?fauit in the payment of any amcrtizaticn installments or interest,
<br />or 1n ease of payment Dy Mortgagee of aru` lien „ udgment, tax, insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, wlthout declaring the whole indebte~..ness due and payable, to Lcrealose on
<br />account of such specific default for such sums as are in Cefault and such foreclosure proceedings may be had and
<br />tY:e land described herein may De sold, subJect to the unpaid IndeDtedr.ess hereby secured, and this 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 said indebtedness, release
<br />:from liability any party liable thereon, and release from the lien hereof portions of the property covered hereby,
<br />wlthout affecting the priority hereof or the liability of Mortgagors or any ocher party for the payment of said
<br />indebtedness, all such extensions, deferments, renewals, and reamortizatlons to be secured hereby.
<br />(51) Treonsfer of Sec.rrity. £t is agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />ti?aG the integrity and re sponsib111ty of the Mortgagors constStutes a part of the consideration for the note secrsed
<br />hereby, and that in the event the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />Mortgagee may at its option declare the entire indebtedness immediately tlue and payable and may proceed in the en-
<br />forcement of its rights as on aqy other default in the terms of the note and mortgage.
<br />(12) Assignment o" Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgagee all
<br />rents, royalties, bonuses, and delay moneys that may from time to Lime become due and payable under any oil, gas,
<br />or other mineral lease of arty 31nd now existing or that may hereafter come into existence, covering the above land
<br />or any part thereof. All such :rums so received by Mortgagee shall be applied to the SndeDtedness secured hereby; or
<br />Bald Mortgagee may at it_- optlnn turn over and deliver to the Mortgagors or their successors in interest., any or all
<br />of such sums wlthr'ut pre,;udlce to any of Martgageers rights to take and retain future sums, and wlthout pre~udlce
<br />tc aqy of Sts ether rights under this mortgage. The transfer and conveyance hereunder to Mortgagee of said rents,
<br />royalties, bonuses,. and delay moneys shall be construed to be a provision Ion the payment or reduction of the morC-
<br />3age dept, suD,iect to the Martgageers option as hereinDefore provided, indenendert of the mortgage lien on said real
<br />estate. Upon payment ir. full o° the mortgage debr. and the release of this mortgage of record, this conveyance shall
<br />become inoperative and of no norther force and effect.
<br />(S.'ords and ghrasas herein, inr.tuding the acknarl~ledgmen* hereof, shall be construed as ir. the singular or gluml
<br />ra.atbers-and ns masculine, feminine, or neuter gender, according to he context.) y/ ,~ _
<br />(SEAL) /~~= ~ (SEAL)
<br />Gertrude N. Bauer
<br />(SEAL)
<br />(SEAL)
<br />(SEAL)
<br />(SEAL)
<br />_ (SEAL) -(SEAL) -
<br />/ ~
<br />37ATE OF ~~~~~'~~-'` -~
<br />"'S e ss.
<br />Ci ft~iTY OF ~"'~' ~~ i~-
<br />~ tt:is R~ 1"itay ~r ! .,._` _.rr._"~:'fl.-'~ ._ 19~~bef,2re mn. a Nntary ~z .~ -,r-_ "., ~_3 _-,,,~n•y Ord -
<br />st:zr.e, personal~v rppeared Gertrude N. Bauer also known as Gertrude Bauerj, unmarried,
<br />tt me known tube t:re persons n«med 1n and wllc executed the foregoing instrument, and acknowledged that they executed - '
<br />the same as their ~:oluntr~,ry aca. and deed. ~ -
<br />6ENfM1 N6EAR1'^$Nt€tlN~fpr '~ '~ ~' -- '~ t -
<br />HJ' cammisslen expl:~ts _.~ _sq~yggi,~p.2$YpAL~: c.`~,,~'(`Yl (~il',~' ~L~` t.~tti ~... ,
<br />NeNhComm.CaP914aNhiQ.ti~ --7'x,~ .2rL 'lye
<br />tryrN o /(~t'~a~e undt~ s ~ a<,..e!
<br />Norary Public in and far said County anti state
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