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<br />1 {=1 That Sa the event arty awards are mate to the M1Jrtga,yyrs ar Lhe s,.cc scars in inrar s r r ta,ki
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<br />) „v tha ez?rcise a' eminent domain the Koala or atly parr. at the mortgaged premises ar ary eaaemm.. *bex eiar Lh~ 1~ -
<br /> aiwII•CS are hereby assigned ca the mortgagee; the Mortgagee is hereby authorized to collect, ^eceive, sad receipt' -
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<br />tnerafor and to apply the same In payment of anl" Srt4eDtednesa, matured or u[uGawred, seDtII•ed by this martgaga, _
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<br />(T} T:'la4 SR tba =vent Y!ortgagors default Sn the r
<br />payment of said principal sum, or of any SnstaiISent. there.W_, ar.
<br /> o: any SnLeresC tDareaa, 3t LDe time when the same shalt be due, or with respect to any Covenant or condltiSOe Yiere-~ ;
<br />) aT, then. at the optian of 1ortgagee, 4he eat2re ITMeDtedness secured Stereby shall forthwith-become due ahd payable ,~
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<br />• shall bear Interest at the default -rate described in said aotp, and the MoKgagee may S®ediateiy fureCSAae tDig
<br />mnrtga~ ar pursue any other available legal remegy.
<br />° {e} Tbat iR the ovent action Ss Drought to foreclose this mortgage, the Mortgagee shall be encitleQ Lo SmWeS41$La
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<br />. possession at the mortgaged premises, and the canrt may appoint a receiver to taKe passession-of-saidpremSS¢3, with ~,
<br />j i tDe usuei Dowers of rece2vers 2n like cases. -
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<br />~ {9} TDat Tail.u•e or de2a of Marc a ee to exercise any of 1*s rI¢ is or
<br />y g g ,k privileges shall noG be construed as a ,51
<br />- waiver thereof; tnaC aqy act of Mortgagee walv2ng any spaclTic default oI Mortgagbrs sDall not'be construed as a
<br />~ waiver of any Tutu•e dafaults; that in case nt default in the payment of aqy amortizationinstallment3 9r' IatErest
<br /> or in casa of payment Dy N.orcgagee of aRy 'ion, +udgment, 4aa, iasuraaae, cost or-expense, or rents, .fees or. *fa^ges
<br /> sa2d Hortgagea shall have Lhe privl loge, without declaring the whole indebtedness Qne sari payaDlE~ to f9replo5e un
<br />1 account of such specs>'ic default for such sums as are in default and such foreclosure praeeeding8 may be 3fad and
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<br />the land described herein may be sold, suDJ ec4 to the unpaid indebtedness hereby: secured;. and.th2§ mor$gage's~a11 -
<br />, ~ - ccmtinue as a lien _ror any unpaid balance. - - ..
<br />! (14) That the Mortgagee may extend and deter the maturl4y of and renew and reamortSZe said.indebtedne3s, ae7eese
<br />t ~ from 11ab 1114y ati• party liable Chereon, and release Irom the ilen hereof portions of the property, couereA--hereby
<br />l c w: thout affecting the priorfty Der eat ar the liability of Mortgagors or aqv other party -for the payment of-said _
<br /> iraebtadness, all such extensions, defemencs, r?newa7s, and reamartizations to be secured hereDy.~- -- E '.~ -
<br />'~ (11) Transfer of .Secvrl ty.. It Ss a~eetl between :ha.partf es ~nereto, their heirs, legal represeatatlves .and-a3siglg t
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<br />I LhaL the integr2ty and responsibi l2ty oC Lhe Martgagors ^anstitutea a part of the cottsIderation far the note seain`ed )
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<br /> hereby, and that In the evert the `tortgagors shail'se11, traaster, or convey the property described herein, the
<br />` Mortgagee may ac 'ts option dee2are the entire intlebtedress ltmoedtately. due and payable and nay procee6-Yn .tile ~
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<br />~ fcrceme.^.t of 1.s rights as on any other default 1n the terms of Lhe note and mortgage. '
<br />s {12} Assignment of Proceeds ~_* Mineral Lease. Mortgagors hereby transfer, sec over, and convey to HDrtgagee 11 ~ ;~
<br /> rrnts, royalties, bonuses, and delay moneys tDat nay ..*rom time to time become due arttl Datable under anp o11, gas,
<br />i or ocher ninerai :eese of any Y.'_nd m;w ?xtstlrg or that msy h?raaTter come Into existence, covering the above land
<br />'., I or arty part therect. Ali such sums so received by Mertgagea shall De applied tc the indeb*_edness secured-hereby: or
<br />S S sell Mortgagee may at t*_s optloa ttl_*-n over and deliver r_e the Mertgagars~, er their successors in ~. lnteres0. a~or'ali
<br /> o= such sums witnaa ^reJudire to any oL Mortgagea's rl ghts ~to take andretatn tutu.°e sums, land without pre~ndlce $~
<br /> tc any of its other rights under thts mortgage. Tne transfer anG'~~conveyDnca hereunder co Mortgagee-at said rents,
<br />" j royalties, Donuser, and relay moneys shall o? ro-strued to De a provl sibs Tor the payment or reduction of the otort- §
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<br /># gege debt, subiect co the Mortgagee ,s option as harelabetore nrovlded, independent of the mortgage lienon said real = •
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<br />I estate. Upon payment In full of the mortgage debt and the release ct this mortgage oI record, this conveyance shall i '(~
<br />~ become inoperative and o.* no Turther Torre and affect. -
<br /> (:'orris an3 phrases Here ir., tine Eutiiv tine ac knowiecym?rzt ne reoj, s:.alt 60 _oas t-rued as tin the sir~ular ar giurai
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<br />i maxbers and as +xn;-cul ire, faminine, u+ n+uter gender, accurd ing to the context.; ~ -
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<br />_LLCfeZO `~ EpL)
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<br />~~ard C. Moellei
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<br /> Rosie M. Moeller
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<br />;,per, of Nebraska
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<br />CC;INTY Oe ~i ci.~C,
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<br />Cr LDis c~ua3 oI _%~:..e~ru..; ~ .,..... .9 ~~ bef~•^_ .~_. tie Cary i'ub 1!. ;n 'er.C .... _.ai,r ;'JUnty and
<br />state, personally appeared Leonard C. Moeller and Rosie M. 1M~oell~,er,/h~u~band and wife
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<br />';` i tc me knoNn co be the persons named to 3n--: w!ro axa~r;ted the tsregoing Instrument, and acknowledged !hat they execuc-erl
<br />~: ~ L,^.e same as thef^ +eluntary e~'. vi;: dead.
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<br />M~pww,llpM~al+10.1ae7 Natar1' 1~tb:t1. 11 and for Bald 'cuntY sntl _°°~ ,_
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