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<br />~: ~ ~) 'i`~at in the rver[t. ary awards a.v made o the Mo~ tgagora c theL rccw o a : r r _ra.;t r trr-'ig rr darnagirg '
<br />D- tb,e exerelsEa e, eminent domain -he w.,,,le o. n.y p-^r't of theTmartgsg - -a.,e. - -, drPm_ "t - . a ~ , the Said -
<br />-~ a~wardls are herahy assigned to *_Yie Mortgagee; the Mcrtga,gee is hereby itDO[.z49j *o r 1_,'. .ecei~._, aad receipt -
<br />t.Ae,efrar and to sy:giy the same in. payment cf any indebtedness, matureG c. .prumaY,u:.wxG, s ^-urf?d~by this mortgage.
<br />i.,~ i. i -
<br />{7) ?'hat In the'eaent Mortgagors default Sn the payment nt soft prirclpal s;rm, cr cf any Sastallmart tl:ereoF, or -
<br />t ~ 4` arty interest thereon, at the time when Lhe sa^~? snail be due, or with respect to any cov=Want or ^enditlor, here- f -,
<br />! o', then, at the o~~tlon of Mortgagee, the antire indebtedness secured hereby snail forthwith become duo and payable, •
<br />~ ~ si:all "Dear interest at the default rate describad in said note, and t1:e Mortgagee may immediately ft~eclcse this z
<br />mortgage or pursue any other a-ra.ilable legal remegy.
<br />{9) That in the event action is brought to foreclose Lh15 mortgage, the Y,c.tgagee snail be entitled to immediate
<br />possession of t12e mcrtgaged pralaises, and the court may appoint a receiver to take possession ct said premises, with 3 '
<br />a the usual Dowers cf receivers Sn like csses. _
<br />(~) That failure or delay of Mortgagee to exercise any of Its rights cr privileges shall not be construed as a
<br />waiver thereof; that any act of Mortgagee waivlag any specl_*ic default of Mortgagors shall not De construed as a ( -
<br />-~ wave: of any future defaults; that in case of default in the payment o.* any amortization installments or interest, 1 ,_
<br />or 'n case of payment by Mortgagee of arty lien,3udgment, tax, insurance, cost or expense, or rents, tees or charges, i
<br />said Mortgagee shall have the privilege, without declaring the whole SndeDtedress due and psyaDle, to fcreclose on p
<br />aceeunt of such specific default for such sums as are in default and such foreclosure proceedings may De had and
<br />~~` the land described herein may be sold, suD,7ect to the unpaid SadeDtedness hereby secured, and this mortgage shall ~ -
<br />!,~ ecntinue ss a lter: for any unpaid balance. I -
<br />1 f -.
<br />(10) That the Mortgagee may extend and defer the maturity cf and renew and reamortize said 1r,deb Ledness, ^ei~ase ttti `
<br />j `from liability arty party liable thereon, and release from the Lien hereof portions of the property covered hereby,
<br />- without affecting the priority hereof or the liability cP Mortgagors or a[ty other party for the payment of said
<br />;~ indebtedness, all such extensions, deferments, renewals, and reamortizations to be secured hereby.
<br />:. {~i) Transfer of Security. It is agreed between the parties~heretn, their hairs, legal representatives and assigns, ~ '-~ -
<br />that Lhe integrity and resPOnsibillty of the Mortgagors constitutes a part of the consideration for the note ^ectt;ed I -
<br />Hereby, and that in the event the Mortgagors sk:all sell, transfer, or convey the property described herela, the i ,;
<br />Mortgagee may at Sts option declare the entire indebtedness immediately due and gayable and may proceed in the er.- ~ ~;
<br />?c^cemeat of Sts rights as on any other default in the terms of the note and mortgage. ~ -_
<br />i
<br />7 ~ {;2) Assignment o` Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgage ail i
<br />trots, royslties, bcnuses, and delay moneys Lhat may from time to time become due and gayable under any c ~ s -
<br />" ~ or other mineral lease of any kind now existing or that may hereafter come into existence, severing the above land ~ i+
<br />or any Fart therect. All such sums.so received Dy Mcrtgagee shall be applied to the Indebtedness secured hereby; or -
<br />-~ said Mortgagee may at its option turn over and deliver Lo the Mortgagors or their successors In interest, arty or all ~ -
<br />"+ c` such sums without prejudice to arty of Mortgagees rights to take az:d retala future sums, and without pre,)udlce S ."_+
<br />tc any OI its other rights under this mortgage. The transfer and conveyance hereunder to Mortgagee of said renLS, ~ _
<br />__ rcyaities, bonuses, and delay moneys snail be construed to be a provision for the payment or reduction of the mort- _ _ '_
<br />gage debt, sub~eet to the Mortgagee is option as hereinbefore provided, independent of the mortgage lien on said real '_
<br />estate. upon payment in full of the mortgage debt and the release of this mortgage of record, this conveyance shall _ -
<br />become Inoperative and of no further force and ettect.
<br />-- (cords and ¢hrase; herein, ix::luding the acknowledgment hereof, shalt be construed as in the singular or Murat - -
<br />' ntnnbers and 4s masculine, feminine, or neuter gender, according to the coniext.) ~ F -
<br />l,~
<br />/J /r r+~G~
<br />I (REAL} `-=^~~~ C {SEAL) r
<br />` F - ~~'///~//7 Clo F, Roth / ,
<br />' (sEAL) U'/~ Lc. ~. '~ Ot (s6AL)
<br />{
<br />- ;'~ (SEAL) (SEAL) -
<br />i
<br />(SEAL) {SEAL) ~
<br />ss.
<br />_: ~ ik: this ~~ day cf_~(~~~~''V .,.., ....before me, a Notary PuDlie in and for Bald County and -
<br />-St'{t?, persbhalLy lppeared t:loy E. Roth and Ora E. Rot~hus~and and wl€e. -
<br />j~
<br />! -
<br />:~ tc me known tc De tie persons named In and who executed the Ioregoing instrumenc, and acknowledged that. they executed
<br />;.t tL: ssme as theft ~olurtery ac•. and deed.
<br />( ~tM11Ma!'MgsAMd[wlrt 1 , 1
<br />Hy c;mmission erpS'°es _.. -- '1
<br />1 i ,Betr}nr.4 ~J' ~~/f
<br />,., j ~~~i~~~~~ (Type or p nt na nder signature)
<br />:-! Notary Public in and for said County and State ~
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