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<br />(e) T[iat in the event any awards are trade to LDe Mortgagors or their successors in Interest for taking Dr demagiag ~-;
<br />by the exercise oP eminent domain the whole or any part of the mortgaged premises or any easement thereon, the said. 4 - -
<br />awards are hereby asslgne3 to the Mortgagee; the Mortgagee is hereby authorized Co collect, reeelve, and receipt
<br />t_.srefor 3zttl to apply the same Yn payment D1 any indebtedness, matured or unmaturad, secured by this mortgage. - -
<br />(?) That in the avant Mortgagors default Sn the payment of sold Drlnciyal sum, or of any installment thereof,-~
<br />oP any Interest thereon, at the time when the same shall De due, or with respect to any covenant dreoaditlon-here 1
<br />ot, then, at the option of Mortgagee, the entire Indebtedness secured hereby shall forthwith become due-and p~yebLe f.
<br />sP.all. bear interest at are default rate described in sold note, and the Mortgagee may imtaediateiy-foreeibse-this z k
<br />mortgage or pursue any other available legal reme$ . - -
<br />(9} That Sn the event action is 6roughc to toreclose this mortgage, the Mortgagee shall be entitled tD immedlate~: i .
<br />possession of the mortgaged premises, and the court may appoint a receiver to take possession of Bald premises, wft11" -
<br />the usual powers of receivers in like cases. ~ '
<br />(9} That Zai lure or Uelay of Mortgagee to exercise any of its rights or privileges shall not be coasCnusdas a
<br />waiver thereof; that any net of Mortgagee waiving any specific default of Mortgagors shall not-be canatrued as a-
<br />welver o.* any future defaults; that Sn case of default In the payment of any amortlzatlon installments---or interest; ~;~,
<br />or Sn case o. payment Dy Mortgagee of any 11 en, judgment, tax, Insurance, cost or expense, or rents, fees=:or;ehaTges, -
<br />said Mortgagee shall have the privilege, wl thout declaring the whole SndeDtedness due and DBYaDle,- td foreglosa on
<br />account of such sped tic tletault Ior such sums as are In default and such foreclosure proeeedings may De=Dad anti
<br />the Iand described herein may be sold, suDj act to the unpaid indebtedness hereby secured, s¢d this mortgage"shall.
<br />ecntinue as a lien for any unpaid balance. ~ Ii ~~
<br />(10J That the Mortgagee may extend antl tlefer the maturity of and renew and reamortl2e said Mdebtedness, releasB--
<br />t[tom llab111 ty atty party liable thereon, and release from the lien hereof portions of the property coverad.hetEby,.
<br />i4!theut affecting the priori ty hereof or the 11 ability of Mortgagors or any ocher party tot the payment of said
<br />indebtedness, all such extensions, determents, renewals, antl reamortizaGlons to De secured hereby. _~_
<br />{;i) Transfer of Securi Ly. It Ls agreed betv;een the parties ~Dereco, their heirs, legal representatives and asslgils, ? -.
<br />trst the intagrlty and responslDil Lty of the Mortgagors Constitutes a yart of the conslderatlon for LDe IlDte secured- 11SISiS -
<br />hereby, and that in the event the Mortgagors shed a-ell, transfer, or convey Che property described herein, the
<br />Mcrtgagee may at ;ts option declare the entire Sntlebtedness Smmetllately tlue and payable and may proceed 1n Che en-
<br />tcrcement oY its rights as on aryl other default ;n the terms of the note and mortgage.
<br />(12) Assignment o: Proceeds of Mineral Lease. Mortgagors hereby transfer, sat over, and convey Lo Mortgagee all ~ ;~~
<br />rents, royalties, bonuses, and delay moneys that may from time co time become due and payable under any oil, gas, _
<br />or other mineral lease oZ any kind now existing ar that may rierea7ter come into exlsteace, covering the above land ~ ;;
<br />or any part therec7. All such sums.so received Dy Mortgagee shall be applied to ChelndeD~edness secured hereby: or ! -_
<br />sold Mortgagee may at !ts option turn over and deliver to the Mortgagors ar their successors Sn Interest, any Dr all
<br />oY such sums wl trnit pre!udlce to any of Mortgagee's rights to take and retain future sums, and without preludlce ~ ;;
<br />ti any ai its other rights under this mortgage. The transfer and roaveyance hereuntler to Mortgagee nt said rents, -
<br />rr}aloes, bonuses, and delay moneys shall be construed to De a provision Lor the payment or reduction of the mort- j --
<br />gage debt, subj act to the iortgagee ~s option as here inbetore providetl, independent of the mortgage Slen on Bald real
<br />estate. 'dpon payment in tu11 e.* the mortgage debt. and the rei?ass oI this mortgage of record, this conveyance shall
<br />become inepera Live and of no further force and effect.
<br />(e'ords anti ~jhTasss herein, tirzc iud ins aF.e ne knowiedgne nt ;freo*, shall be tons trued ns in the singular or tilural (
<br />numbers and ns na:.cu isne, ;imirtine, or neuter Sender, according ts, t.., context.)
<br />i
<br />(SEAL) ~-~.-aZ~--~ '~ - iSEAL) ~ -
<br />~ ~fa nett, JS'. I
<br />,SERI.) ~~=L-CCr ~~ (SEAL}
<br />Irene E. inert
<br />(aeon
<br />SEAL)
<br />__~// ~ y ~"~" (S'ZAL} (TEAL}
<br />STRTE' UF'~i~#~-'~v
<br />'J~
<br />CC~INTY OF ~ -
<br />On this daY of L ~ ~~~ +~Il.. 19iG~', Detare iae, ., No tart PuOSSC Sn and for ~xid County :.rid
<br />stirs, personally ippeared// Maio J. Rauert, Jr. (also known as 'Nix Rauert, Jr.) and Irene E.
<br />Rauert (also known as Irene Rauert), husband and wife
<br />to me known to be the pars oils named in and who ax~mitetl the foregoing ;nstrumaut,=tnd acknowledged the[ they t~xecuted
<br />the came as their ioluntnry +:r. r, and tleed. --~
<br />M,Y ccmmisslon expl°es _-,"N1MO~Y t-al ru i ~ -~~yi > >,~-
<br />MIItl111MAi~{,~ tcvp9 t „~ ~ ~ i~liu " i
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