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hy')theexerclse~ntveminent .,omain ilia wholetorran Mor~tga~fr~herro ~ir sucsessnrs in interest for taking or damaging-
<br />y p gaged Framises or aqy easemart Uhereln. t..*,e said-
<br />sv:ards are hereby assigned to the Mortgagae: the Mortgagee Ss hereby authorized to collect, receive, and receipt
<br />therefor and to apply the same !r, payment ofany indebtedness, matured or unmatured, secured by this mortgage-.
<br />(~) TY,at ir: the event Mortgagors default in the payment of said principal Sum, br of any installment thereof, or
<br />of aqv Sntarest thereon, at Clio time wGen the soma shall be due, ~or wl th respect to aey covenant or cohditlon here-.
<br />nf, than. at the option of Mortgagee. the entire indebtedness sacured heraby shall forthwith become due and payable,
<br />shall Gear Sn terest at the default rate described in said note, and Vie Mortgagee may immediately foraelose this
<br />mortgage or pursue any other available legal remedy. -~
<br />f8j 111at in the event action is brought to icreclose this mortgage, the Mortgagee shall ba antitied tc immediate
<br />possession b* the mortgaged premises, and the court may sppoint a receiver to cake possession of safd premises, with
<br />the usual powers cf receivers in like cases, - -
<br />!n) That fallura or delay of Mart ragea to exercise any oT its rights dr privileges shall not be construed as a
<br />waiver thereof; that any set c,* M __ e waiving any specific default of Mortgagors shall nat. be construed as a
<br />weivar of any futr:re defaults; thatr Sn~nasa oI default in the payment of any amortization installments or lnterest,-
<br />or in case of payment by "tartgagee o' arty lien „judgment, tax, insurance, cost nr expense, or rents, fees cr charges,
<br />sold N,ortgagae shall have the privilege, cn thout declar Sng the whole indebtedness due and payable, to foreclose an
<br />account of such s;ecific default for such sums as are in default and such foreclosure proceedings may Ge had and
<br />the land describes herein may Ua 5old, subJect to the snpald ladebtedness hereby secL•red, and LGls mortgage wail
<br />continue ss a lien fem. > unpaid b2!a_~ce. -
<br />(iC) That the Mortgagee may extend and dolor the msturity of and renew antl reamortize said indebtedness,.release
<br />from liabill ty- any party 11 able therecr., and release .tram the 11 en hereof bortlons of the property covered hereby,
<br />without affecting the pricri ty hereof er the liability cf Mcrtgagors nr any ocher party for .the paymen*. of said
<br />indebtedness, all such extenslcns, ;'.e.*ermer.ts, renev:als, and reamortizations to be secured hareby.
<br />(11) Transfer of Aecurity. ?t is agreed De tween the parries-here tc, their heirs, legal representatives and assigns,
<br />t..*,at the integrity and re sporsibi Lty of the Mortgdgors conatltutes s part cf the cons ideratt on for the note secured
<br />hereby, sod that :r. the =vent the Mortgagors snail sell, transfor, or convey the property d?scribed herein, the
<br />Mm'tgag2e may st Sts dptlan declare the entire indebtedness lmmediate!y due and payable and may proceed In the er.-
<br />=c-~=rea,~ .,~ _:.~ _ ., ., as ~.,, ~ of*.er Cefa,.it ir: ,.*,e to ms .. .,he nc... _.^.d ....,. tgaa
<br />(12) As5l gnment o PrnceeCS cf ?tinera'_ Least. Mortgagors hereby transfer, set over and convey to Mortgagea all
<br />rents, royalties, `bonuses, and delay moneys that may ..*rnm time rc tlma become due and payable under any a11, gas,
<br />or other mineral lease o_` :L~y kind now existing or that may hereafter come iota ?alst?rte, covering the above la.'id
<br />or arty part thereof. A!1 such sums,sn rota lved Dy Mortgagee :.Gall Da ~ the indeDtedn?ss s?cured hereby; or
<br />said Mortgagee may at i s option turn aver and daliver tb the Mere gagorsiorfthe:r siccassars in irterast, atq•or a11.
<br />of such sums wi thcnt pre~uci re to ;= f Mortgagaa ~s rights t take and retain tucur? gums, a C •nithaut preJudice
<br />o any of its other rights under !;his wortgage. Tte transfer and onm~eyance t;zreimder !.o Hn^tgagee o?' said rents,
<br />rc~Bltias, bonusas, and d?lay moneys wall L? construed r^ De ^'. isio.^. the p:ymaat ar reduction of the mort-
<br />gage debt, subdect :a the "'.artgage2 ~ eptlbn as here!nbefore p o•+id?^_. indapendent :he mortgage lien an said real
<br />estate. Upon payment in full c` the mortgage debt and the .___..~_ of this -_rtgage ~. .enord, this conveyance shall
<br />become inooerat lve and of no !', ...,._..' fnr~e and aft?et.
<br />!XCrds and 3hrase= rtereir., ir.,~i^.:c.irp the ac:ennw Ze=fee,;- be -.eo~, ,~iuii i:: con S-~' c~ u: the wing+:.iar a+ ¢turaZ
<br />ry.,bers and. as naecu Zing, ,-e&ir,irk. o. +._4~. - ._. -. .c _.,. _i ..: cF,•r r. .:>>.:.
<br />Robert J. Allan, Sr.
<br />,SUALI ~~- c ~~fmr (SEAL)
<br />Helen E. lan
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<br />Of: this ~'~~~d_ry oP _,~o t~G". ,:.F. Sa?O, b~' _ r -:~_ ., ... .. :~1 ..~rn_> :r:d ,
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<br />state, nersot:al!.~ :l-peare,l_Robert J. Allan, Sr. also known as Robert J. Allan) and Helen E. _
<br />Allan, husband and
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<br />td me known tc ne ±-^e Pers~rs. ~•med .: c:: vet: x; ~... i; .... ....
<br />tha su;ie as Chair :,ol~.m t=pry net and deed.
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