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<br /> (3) That in the vent nay awards are made to tnB Mortgagors or their sue~BSSCrs Se interest for taking nr dzmaging
<br /> by the exercise o[ eminent domz!n thB whole or aqy part of thB mortgaged pr em_isas or ar{y Basement therein, ChB said
<br /> awards are nereDy assigned to the Mortgagee; the Mortgagee is hereby autY,crize3 to collect, receive, and receipt _
<br /> crier?for and to apply the same 1n payment of any indebteMess, matured or unmztured, secured Dy this mortgage.
<br />'. ;^) That !n the event Mortgagors default in the payment of Bald prinefpal sum, or of any installment thereof
<br />or ! %-
<br /> ,
<br />i of aqy interest thereon, ac the timB when the same shall be due, or with respect to aqy covenant or ccndlticn hare- ~
<br />
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<br />of, then, at Lhe option of Mortgagee, the entire SndeCtedness secured hereby shall forUhwLth become due and payable 1
<br />.
<br />
<br />( ,
<br />stall bear interest at Lhe default rate described Sn said note, and the Mortgagee may inooediateJy toreclosB thts
<br /> ~
<br />mcrtgagB or pursue aqy other available legal remelt.
<br />~-
<br />- (3) Ttat 1n the event action is brought to foreclose this mortgage, the Mortgagee shall De entiCled Lo Immediate ~ (
<br />~
<br />_- possession of the mortgaged prom LSes, and the court may appoint a receiver to take possession of said premises, with S 3~
<br /> the usual powers of receivers le like cases. i
<br />
<br />~~
<br />(9) That _*ai iure or delay of Mortgsgee to exercise any of its rights or privl loges ahsll not 6e construed as a [
<br />i ~~
<br /> wsiver thereof; [hat any act of 14o^tgagee waiving any spat if lc default of Mortgagors shall not De construed as a {
<br /> wsiver oL any tutcre defaults: that in cese of default in ChB payment of any amortization installments or SnteresG,
<br />- iii
<br /> or Sn-Case cf naynent by Mortgagee of aryy lien„judgment, tax, insurance, cost or expense, or rents, fees Or Charges,
<br />ee shall have cne privilege
<br />wi thou*
<br />said Mort
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<br />declarin
<br />the :vhole lntlebcedness du
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<br />oreclose on
<br />_ ~ arceunt of such sped Llc default tar such sums as are Sr. default and such foreclosure-proceedings may be had and j.; -
<br /> i ine land described herein may DB srld, subJBCt to the unpaid indebtedness nereDy secured, and this mortgage snail -
<br /> - 3 continue as a 11 en Lor any anpaid hslance.
<br />S
<br /> (10) That Lhe Mor:gagee may est Pn,i 2nd de. er r,he matu.^Sty o.T and renaw and reamortlzB sold SndeDtedness, release
<br />'
<br /> ' from liab'li ty an;: party liable therrer., 3rd release from the lien hereof portions of the property covered hBreDy,
<br /> without attec tinE the priority heron. nr Lhe S1aD 111 ty oL Mortgagors or any other party for the payment of sold
<br /> i:.deDtedness, all such ertens±nns, dcfe-nents, renewals, and reamortizatlons to De secured hereby.
<br />~
<br />~ ~ ~ (-.+_; Transfer of Secu.^t ry. rt is agr?ed De tw?en Lhe pa~ties Hereto, their heirs. legal repro<_eotatSves an^_ _
<br />~r~ _
<br /> that the into it and r
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<br />gr y ponsib 1 o to Mortgagors ^.onst itu[es apart of the consideration for Lhe note secured [
<br />
<br />-
<br /> hereby, and that Sn the event th Ne tgagcrs shail'seil, transfer, or r_onvey the property described herein, the ~
<br /> Mc *tgagee nay at 'ts opt en c.eclare Lhe entire SadeD~edness immediately due and payable and may proceed in the en-
<br />
<br />- Pr rcement of its rtght~ es on any o..her default !n the terms sf the note and mortgage.
<br />i ~
<br />-
<br /> - I (c2) Assignment c' Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgagee all j
<br /> i rents, royal tiles, bonuses, and delay moneys that may from time to time become tlue and payable under any oil, gas,
<br /> _, $ or other mineral '_ease of any klntl nnw existing or „hat may Hereafter come irate existence, covering the above land
<br /> or aqy part therec P. All such sums .so received Cy Mortgagee shall De rsnpli ed to the 1ndeD tetlness secured hereby; or
<br /> - ? said Mortgagee may at its not SOr. n;rn ever and dell; Br tv the Mortgagors or their successors L^ interest, aryy or ali )
<br /> o: such sums wi thr.ut -+reJu.ice to any cf Mcrtga,^,ee r', rights to takesnd retain future sums, and wl thouc preJudlee
<br /> - ~ tc any of Sts other r?Ehts under this ^!ortga_ve. mho tnmsf er tad rave;/ax= .;Bre~!nder to Mortgagee oS said rents.
<br /> ' rcyzltles, bamser, and CB1ay ,Honeys shat be •'Cns Lrccd to be, cr~~: sicr r ine ^ayment or reduction of the mort- !
<br /> i gagB debt, subJ act tv the Mortgagee: opticn as herelnbetere cvldaC. :^;; :;code^.t (a^ the mortgage lien on said real
<br />~ 1
<br /> estste. Upon payment ir. [1ll1 of LnB ^:: rtgagB debt and tha n 'ease of flit s
<br />mnri gege rat record, this conveyance shall
<br /> become 1nePera[SVe and o. nc ~,~_~,, .. .._. •.~ rind ef:'ect.
<br /> (hbr2s an..Y yh°cses na !+f. - she : ,.4no~~recgr .- - f-gee . ~-s i. [he singulav or glurol
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<br />nunbe>s ovd as nusculr. ,e, '-aron., , o' - - ~..-_ a ..,
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<br />6 Er_~, it>.vo ~~ :~I/~'~(~,CA/ti (SEAL,; 1
<br /> Clarence Cornelius zF
<br />W n CorneliV
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<br /> Dia e K Cor eli
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<br />~: rhls ~s5 ;~:y Le ae.-1 ,. ~.. _ 4%. .-..re -. ~ - _s. _. _. .. r:~,l ~,'ar nC,i ...~.
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<br />yr,Le. Pereonnliy rppcar~'._Wagne Cornelius and Janna R. Cornelius,_husband and wife; and _
<br />Wesley Cornelius and Diane K. Cornelius, husband and wife; and Clarence Cornelius,
<br />_ widower, __ _
<br />Lc me known t.n ,.~ F .,r . ,~~ ..' .~ r , r ... .~:r., ,.. . r .:: ~, .. =d ,,,:y <. ._....
<br />tt:a same uc Utelr ic': ~. •~~rc .rc .~ ..,. .~ ..
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