|
-,_~, •"j Taat in the event aay awards are made *.o the Mortgagors or their successors !a interest for taking or demagi'tg -
<br />By the exercise-of-eminent domain the- whole or-any part of the-mortgaged .premises er ary easement tbereia,.th~ said
<br />i i- awards are hereby assigned io the Mortgagee; the Mortgagee is hereby authori2ed *c collect, receive,- and receipt -
<br />thers_*or and to apply the same ir. payment of any Indebtedness, caatured. ar v=unatured, saeur ed by this mortgage. -
<br />i (7j Thatln-the =vent Mortgagors default In the--payment of said prlnaipal sum; or of- ~ay installment Lher eoP, o
<br />` t of an;{ interest thereon, at the time when the ssme. shall De due, or with respect to any caveaaht or condition.here
<br />at, Lhen, at 'he option of Mortgagee, the entire SndeD tedness s~etsad. hereby shall forthwltn become due-and.payaDle, _
<br />shall bear Snterest at the default rate described ir, saki note, and the'Mortgagee may immediately foreclose 'this c -
<br />~~f-- mortgage or pursue aci;f other avallabie legal remeQy.
<br />a.
<br />(Sj ?'hat LI the =vent action Is Draught to foreclose tD1s mortgage, the Mortgagee shall be cuff Clad Uo immediate-
<br />- - .possession of the mortgagetl premises, and the ncurt may appoint a receiver to take possession of said premises,-with -
<br />the usual Powers of ,receivers in like-cases.
<br />i !'
<br />!(gj That failureor delay ofMortgagee to exercise any a; Sts rights or privlleges shall not be consti:uedasa
<br />--- waiver hereof; chat anyact bf Mortgagee waiving any specific default of Mortgagors shall not be const{veC-ad a
<br />waiver Df any Suture defaults;-that in case of defaclt in the payment of any amorLl2ation installments or~lnterest,
<br />m.' Incase-bf F$Yment by Mortgagee of any lien„judgment, tax, insurance, cast or expense, cr rents, ieesor charges;
<br />_~- Bald -Mortgagee shall have the privilege, without declaring the whole lndettedness due and payable,-to-Yoreclose-on
<br />account of sac?: specific default for. such sums as are-in-default and such `oreclosers--proceedings. may be ,hsd--and
<br />;;~ tha lantl described nereln may De sold, suD,7 act to the unpal.d indebtedness hereby secured, and this mortgage sha11 ~ ~ -
<br />'- cenUirue as a lies for-any unpaid balw~ce. i:1 -
<br />'~ (10) That the Mortgagee may extend and defer the maturity of and renew antl ramcr*, 12e said indebtedness, release S-~
<br />from 11aDill ty any. party liable thereon, and release from the lien hereof pcrtidns of Lhe prpperty covered -hereby i t, '
<br />wl thout atfecting the priort ty hereof or the 1-lab 111 ty of. Mortgagors or any otherparty for-the payment :ofsald ~ -
<br />indebtedness, all such extensions, deferments, renewals, and reamortl2ations to be secured hereby. - - ~s
<br />- :. ~-. Ci1j Transfer of Securl Cy, It Is agreed De Cween the parties hereto, their heirs, legal representatives and :assigns, ! sS -
<br />that theintegrlty and re spcrs1D11l ty of the Mortgagors nonstito tesa part of ±he consideration for the. Hate ssaured j
<br />i
<br />hereby, and that tr. the event the Mortgagors shall-spil, transfer, or convey the prgperty described hersin, the ! w
<br />_ Mortgagee may at ;ts option declare the encl:e indebtedness Smmedlacely due antl paysDle and may proceed Sn _the•en ( __,
<br />fa^cement of -its rights a.. an ars• other detauti- ill t;;^.e terms-ot the iihte and mortgage: - -
<br />- (12) assignment of Proceeds oP Mineral Leese, Hcrtgagors hereby trznsfer-,-set over, antl convey to-Mortgagee:all ji ~ -
<br />rents, royal ties, Doavsas, and delay moneys Shat may trcm time co -t Sme become due and payaDleunder any oil, gas,
<br />or other mineral leas? Of eay Kind ^cw existing or that may hereafter come Into existence, .Covering the aDOVa -land- a -.-
<br />or any part therect. All such sums so race Sued Dy Mortgagee shall beyapplied to Lhe Sndeotadness secured-heceby;.or-. ~ -
<br />said Mortgagee mag at Its option turn ovzr and del S'.•er to the Mortgagors or their successors in Snterest, any br all + - -
<br />f such su.•ns without preJudlce to any Df Mortgageets rights to tyke '~. and-ietaln future sums, and without preJudice- J -'~
<br />to any of its other rights ender this mortgage. T.te transfar snd conveyance hereunder tb Mortgagee ai sold rents; { ;; '
<br />royalties, bar sex, snd delay moneys shall-oe construed to be s provl stbn far the payment or raduc lion of the mort- i -
<br />gage daft, subiect ca the Nortgagee~s option as ;arelnDetore provided; independent of Chz mortgage lien. an said real j
<br />_? estate. i~iaa payment in foil of Che eortgage deb[. and the release of 'this mortgage at record,-this conveyance shall 1
<br />_3 De.ama inaparatlvz and ai nc further farce cad effect, y -
<br />(nords and phraszs :eT€ir., ti.^>c l=.+1irp the ac'sncn~le;dgm.?nt hereof ;raE2 to =ers Crr:r,t a:; a. *l;e sin?ular or plssml ~ ~r
<br />-.' ~ n«xGers ar3 es r„:scudire. fen*ntin€, ar sealer e:~e+. acrord.tirgr to tn€ cn_`n;t=x.,:,.~ j„3...-sue? i ~:.
<br /> (SEALI ~ ~ `T~ FL ~(SEAL1
<br /> %+ymond Aµ Quandt
<br />~~
<br />~
<br /> ;SE,SL) %yr, ` ( 7r
<br />-~ /;'• ~
<br />_ .SEALS
<br /> ~~--~ ~ far - ~ Quandt - -
<br />
<br /> -~:= Ar G 4 r~teger
<br />
<br /> .` Evely~l J. Y:riie~vr
<br />,r yL - del ras,ca
<br />r/~y~°~
<br />
<br />„fly -
<br />U' CYlis,~_ i:iy of ~ ~ . .,. _ , .. L*~y' .... .. ..... ... .... ..... i.l^ ~-.rd
<br />f, , ,
<br />5t Ste, pers•?nally +ppeare~~*3Y81StIIS1._Ii..__C)>.at);l* an i,L,~sr,.4~ A,,~,~uandt i'~ knr~wn .i~ (-:aro7 e
<br />~nn 0_y_.~
<br />hush~nd and wi,~,e' A]-1lZ n C. SZt?~Z~--'nd 1=velvn 7 Krueeer ~L~~nd any-r.if~. ....._ ._.__...__,~..,._
<br />I - .._ - -- --- _ ___.
<br />~_ ~ tr, m_ knawl7 GO De IRe {'er. ;, 0113 .~..r ed .. <.,t. a,, .{. t.!'. t .,IS: ~.: •'l'... n-ttt,-c'I.1 x. tl, [N.e, tl ,.. t I l n,...l:'-'1
<br />tt:~4 ::ame n., tfrdlr r~luntxr^:~ ~__.. _L. ., _..I_.
<br />.. s'
<br />~ My c t,mi,slen exp+.,~r:. _._ . _...._~. - 6fr#~IL ii~RTriI~sANAgt~4 - ~ r i
<br />-~AR~NM1 d 61~AikK ~'~' ,c+ . r 1 4 ~ pti ~ ! M ~ f" _
<br />r
<br />j ~~~~~~ kLa F „1 ro ~,J~r~s ~n.i ._,
<br />++l'!t'y i,,Uiir It t~l- t.yl1 t^.nnty :: °~tnte
<br />~I N
<br />l m
<br />W t4R ~ }, tt v `_
<br />4 E
<br />~ i~ ~ ~ A, ~
<br />..- 4 if
<br />ty.
<br />
|