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<br />(, (E) Ths~t In the e~r,ant any swards ~^e made to the Mcrtgegor;a of t2 I^ i r r °s in inlet si to tdYilg or damaging
<br />by'. the etce c'L,e of',eminetrt domain the frnose or any pat t t}u ^tortg~g d p at;ises or any e e~ .t th4r_1n,' the ~ald
<br />avrards ale rieraDy assigned tr, the crtgage,.: the Mortg2g'ae ) hereby au„h~?rized to cdi?e.'t., .eceive,~and receipt
<br />I therefor and. to applythe same in payment'.,of any 1,ndeDtPdd^'ss{,'mstured ;~r anmat°;Ired'~, securedDy this.mrJr,tgage, ~.
<br />j {7)That in the event Mortgagors defau:lt~;in the pllyment U;"~,,.,gs.id. pririripale su{rs; br'cI any lnstallment~th0rebf;.or
<br />of at~y itttarest the~t`e on, at the time when "the same shah tie ~'ue, or wl eh respect to any covenant or condition here-
<br />~=t, hen, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due and payable,
<br />shall Dear interest at the default rate described in said note, and the Mortgagee may immediately foreclose this
<br />'. mortgage or pursue any other available legal remedy.
<br />fe) That 1n the event action Ss brought to foreclose this mortgage, the N,ortgagee shall be entitled to immediate
<br />possession of the mortgaged premises, and the court may appoint a receiver Lo take possession of said premises, with
<br />the usual powers of receivers Sn like cases.
<br />{y) That failure or de12y of Mortgagee to exercise any of Sts rights or privileges shall not be consented as a
<br />waiver thereof that any act. of Mortgagee waiving any speclric detsult of Mortgagors shall not be construed as a
<br />waiver cf any future defaults; that in case of default Sn the payment of any amorti2atlon lnstailments or interest,
<br />or in case of payment by Mortgagee of any 11en,Judgment,tax, insurance, cost cr expense, or rents, Sees or charges,
<br />Bald Mortgagee ehall have the pr_vilege, without declaring the whole Indebtedness due and payable, to foreclose on
<br />account of such specific default fur such sums as are in default and such tcreclosura proceedings may be had and
<br />the land described herein may be scld, subJect, to the unpaid SaCebtedness hereby secured, antl this mortgage shall
<br />continue as a lien for any unpaid Daiance.
<br />{1C) That the Mortgagee may extend and defer t.*.e maturity of and renew and reamortlze Bald 1,^,debtedness, °slease
<br />from Ilabiilty any party liable thereon, and release from the lien hereof porno.^s of the property covered hereby,
<br />without affecting the priority hereit or the liability of Mortgagors or any other party fbr the payment of Bald
<br />indebtedness, all such extensions, determents, renewsls, and reamortizations to De secured hereby.
<br />(11) Transfer of Security. It. is agreed between the psrtles hereto, their heirs, legal representaLlves and assigns,
<br />that the Sntegrlcy and resparsiblllty of the Mortgagdrs censtltur,es a part of the consldaratlon for the note secured
<br />hereby, and that In the event the Mortgagors shall sell, transfer, ar convey the property described herein, the
<br />Mortgagee may dt Sts option declare the entire 2rdebtedness immediately due and payable and may proceed in the en-
<br />"orcemenT, of its rights as un arty other de..*ault ir. the term: of the note and mortgage.
<br />(12) Assignment of Proceeds of Mineral Cease. MDrtgagors hereby transfer, set ever, and convey to Mortgagee all
<br />rents, rnya.lttes, bomtsns, and delay moneys that mey h~Dm time ~o time become due and payable under any cll, gas,
<br />r~r other mineral lease of any' kind r.ow existing or that may hereafter come Snto existence, covedt:g the above land
<br />ur aqy part thereat. All such sums.so received by Mortgagee shall De appll.ed to the indebtedness secured hereby; or
<br />:said Mortgagee mny aL Sts option tarn ever and Seliver to the Mortgagors or LI;aSr successors in interest, ar~.v cr all
<br />nt such sums without pre~udlce to any ;~-; Mortgagees rights to rake and retain future sums, a-tG without pre~udlce
<br />'o arty of Sts other rights under this mcrtgage. The transfer and cbnveyane;e hereunder Ce Mortgagee of ssid rants,
<br />royalties, bonuses, and delay moneys shall be construed to be a provision for the payment cr reduction of the mart-
<br />E;age debt., suDyectto the Mortgagees option as hereinbefore provided, independent of the m~rtgsge lien on sxin *~-=1
<br />estate. Ct~u[t itaynlent Sn full of tt:e mcrtgage debt acrd the release of this mortgage of tererd, this conveyance ..."..li
<br />become Snoperatlve and of no further force and effect.
<br />Words and phrases F.e-,!i..a, i e:wiirg i=s ackncwtedgaent hereof, shalt tre coast*ued as itt The sinFudar or bt::~at
<br />ras~bers end as ssese•u:°e•, -.nin.=. or +:euter gender, accor¢i.rg to t~h=e~c~jU`+~text/~~ ~^l` '" -
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