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_e - ct +n the ave ny x. rds are -ode .o t5e H,^tgaaors r -a^cess.rs 'a _'::erstst fr.r tag?~,g ~a~~ ,3
<br />r~ zze. ciss of ?n _ _ z1a the wTrclz or 'v'-r- cf the_. ~<_ged ar e.-lse-lrsr+a,'>l `=v~°-nc ":_ _.u, the said
<br />axa^Cs arz'h?raby assigned tc the Mbrtgagee; the'MOrtgagee is h_rebY =uther.z=d a cell>_et, rzeeive. anG raeesDt
<br />:,srzfor as^_ to zvpi_r the sa~z +n P2Ymeat o5 any _n~ebt_d.-tass, ,,,,._v er _..,...-~,.. zcred ,, this rortgage.
<br />' ;7j 'Shat Sn the went Y.artgagors datault Sn the payment of ._id y_Fnciy s..^,, or of anY-_..st_.1...,.nt Thereof, or
<br />- i ahY' Snt~'?s± tazrzdn, at t:`,e Lim=_ :s::en the sac.,=_ ~ ,a21 b ^ue. -^^ :+S th r?spect to anY ewenaatt. or ecndlt+e::.:iare-
<br />t* 'hen. at the Dorf cn of ^!o^CgzKae, tYe +re in?=bte3ae.^,s Szn~ e* har-b"J shaij forth~r+_th Geedaa C:;e -ard ~aya6-e.
<br />.' } stall bear inter?st at the default rite described Sn said note, aid the Mortgagee may Sasnedlate7y oreelosethis ~ -
<br />f mortgage or pursuz nay ot2ter avaS table legal reme~";.
<br />f ;9j That 1n tha went ar_tlor. Ss brought r_b foreclose this mortgaga, the Mortgagez shall be entitled to Sm,s!edi zte
<br />pbSSESSlOn of t,^^.~ mortgaged premlDF,S, 2nd the DC=1rt ^^ay appolet a recaiver LG tz;ce pOS3?ssicn 6f Said Pr8;9i5?S, w1LIi" '
<br />- L'ta usual powers ~f receivers In like cases. -
<br />j
<br />E (9j .That failure br delay of Mdrtgagzs to execcis? any sf its ^lghts or Privileges snail not be construed as a
<br />{ waSver ther zof; [hat &'ty act of Mortgagee waivin¢ any specific de_*ault of Mortgagors shall avt be construed as'.a ~.
<br />w'aiv?r bf an! fur--;re defaults; that ca ,e of default in the Paynent cf any amortl~atidr. Srstallcents or interest, j._
<br />{ or Sn case of pay:aznt by Mortgagez ot^any lien, Judgment, tax, insuranc°. east or exp=rsa, or rents, _`ees or ^hargea, ! -
<br />,% j said Mortgagee sh ail have the Friuli?ge, vrithow, declaring the whole `_ndeb tzdnass due and payable, to foreclose on
<br />adCOUnt or sacs sped fir, :derauit for such mms as are i^ defetat and such serer. insure prrceedings may De had and
<br />-' ~ *_ha Sand dascr ibe". sore Sr. may be sold, subJ act ru the uneald indeb LZdness hereby secured, and this mortgage -shs11 -
<br />ountinuz a., a lies for ant tntpaid balance. -
<br />(Sr,! That rho Mortgagee may extend and d=: ar the maturity of and renew end reamortize sold SndahteCrass, release-
<br />f-cr 112b Silty any na_^ty liable her nn, and ran east tram rn? lien hareof torsi c-ts ~f thz t_rep?rty cbvered hereby, ( .. -
<br />w+thout of *ee slag t;te pr:on ty For ~ or the liability of Mnr tgagors ,r er.Y Diner Far ty Scr the payment of said g ,;
<br />~. ~ebtedness, all such exterslons, de. a:-nests, r=_newals, and rzamertizations to Cz seci!rzd hereby. E
<br />;1i} Transfer of security. It Ss agreed batmen the narttes-"rare co, :heir hei.^s, legal repres=rtaCly=s and assigns, ~ --~~
<br />t,*,at ;.he integri t;: sod rzsponsibility of [he hforrgagors censtl `-rtes a part of th? tens SderatS O,^..*or the rbte szcur ed
<br />heraby, and that !r, the =vent tha Mortgagors shail~sell, trans ter, r,r convey the property descrined herein, the
<br />crLg=_gse ma,~ z :ts option declare the entire indebtadr.?ss im+nenSSte ly d.t2 nd Payab'e and may proceed Sn the en- i
<br />.crezment r __ ri guts as un anY ocher d?fault In the terns cf the ro to - *tdr*,gage. E
<br />y ~ (i2} Assignment of ?roceads of Mineral Laas?. Mortgagors hereby Transfer, set ever, and convey to Mortgagee a1i i >
<br />y rest,^', royal**.ies, boanses, and delay moneys *,itat ;nay :Tom CSma to tiro beco.^!? d.:= a.^.C paYap le udder anY oil, gas,
<br />- or other mineral ~_ezs? o.` any kind nova existing cr thar, may hzraa!'ta,^~come ;Tao ~existenre, covering the above land
<br />_ nr any part cherect. All such, s;tms.so roc?Sued by ~'ortgag?e :hall be. applied ~~ the !ndzbtedness secured h?raby; or
<br />id Mortgagze may at its optier, tarn over snd de Sin?r to the C'cr tgsgers ^~r t!:elr sn.^.cessors Sn interest, any or all -
<br />' o` such sums without pr?Juu!ue to 2ny o1' Mortgage? a rl ghts co ta!e snd ;~t-a1n ruturz sums, and without proJudl ce ( -
<br />`: ,.; any of its otnor rights undar this mortgage. The Tans ter and corveyance *.eraunder So Mortgagee eI sail rents, i
<br />t rcYait izs, banuse.:, ar.G 9'Say moneys shall be ^.onstn:zd to b r rcrvSSion _~ the nayment or reduction cf the mort-
<br />~. i ga_ge dabs, subJect to the `iortgage2+s option as ,'.?reinbetnra ~,rov id?~1, ind_pendent ^' the mortgage lien or, said real '
<br />estate. Upon payment in ,,^uli of the mortgag? debt and t.._ release of tnisac:,~rtgage of record, this conveyance shall j -
<br />bee-em= SnoF?rative and c' ao `urther force and effect.
<br />(>ords aroi ~2rases Fe re i. rz, tin,~l.~ing :he ac brow ZedPmo rz F.o re,;,=, sha Cl Le cons trued as Cn the sirtQ Ular or ;j tarot
<br />~ rcvaGe,-s and as nasculin<_, emirzti no, or nv_uSer e ~E-T, ac=ord i-g Lo she tor.?.e r;.;
<br />" ~; Phi ip D. ry
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<br />: ~ SEALI ~ (ISEAL)
<br />- ~ ne owry - - -
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<br />n, r.*,is :x my .. - .... ... ,~ •: ~ - ,., ,. , o... ..~ u.o ., . :n':. ..... '
<br />,.roe, nernonally appaar„~' Ph~Iip D. Lowry and Maxine I. Lowry, husband and wife,
<br />tt ma known t~~be t_. pars ous *,-.e _:, ~inP :oho ,.__._ r .:" "c--- ., 's~~u~, -,ia'.an ~:~l v;"E, .,!ac ,.~ .era tad
<br />[Ya ama .a the!r .., Eon r,:. ri :.. ..u ..?ea.
<br />6fgfRA1 NRLARY-StateA MMdN ,~ 1 h '
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