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(8) That in the event any awarCs are made co the Mortgagors or their successors Sn interest for caking or damaging
<br />6y the exercise of eminent domain the whale or any part of the mortgaged premises or arty easement tnereln, the maid
<br />} awarfls ere hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to ecliect, receive, and receipt
<br />I therefor ahd to apply the same in payment of any Lndebtedness, matured or unmatured, secured by this mortgzge.
<br />i
<br />(7) 2`nat !n Lhe event Mortgagors default in the payment of said principal sum, or of any installment thereof, or
<br />': of 8AY intesesL thereon, at Lhe t_me when the same shall be due, or with respect to any covenant or r_ondltion trere-
<br />~ ot, then, at 'he option of Mortgagee, the ant Lre Indebtedness secured .hereby shall fortawith become due and payable,
<br />shall bear interest at the default rate described in said note, and the Mortgagee may Stmnediately foreclose Lh1s
<br />~ mDrtgage or pursue a[LY other available legal remedy.
<br />i
<br />+a;) That In the event action Ss brought. to foreclose this mortgage, the Mortgagee shall De anti tied t¢ immediate
<br />possassioa of the mortgaged premises, end Lhe court may appe in a receiver to take possession of said premises, wl th
<br />the usual Fowers of ..^ecaivers in like cases.
<br />(o) T1%at failure or delay of Mortgagee to exerc lee arty of Its rights ¢r privileges shall not be construeC as a
<br />' waiver thereof; that any act ni Mortgagee vraicing any specific default of Mortgagors shall not be construed as a
<br />~' waiver of any future defaults; that in case c; default Sn Lhe payment of any amort SZatlon installments or interest,
<br />' or in case of Fayment by Mortgagee ¢f arty 11 en, judgment, tax, insurance, cost or expense, or rents, fees or charges,
<br />' ssid Mortgagee shall have the Frivliege, wi thcut dec Lartng the whole indebtedness due and payable, to foreclose on
<br />account of such specific default i¢r such sums as are Sn default and such foreclosure proceedings may De had s.nd
<br />the lend descr IDed harem may De s¢'_1, subject co the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a 11 en fOT any unpaid balance.
<br />{;.p) That the Mortgagee may extend and defer the mate: ity ¢f znd renew and reamortize said Srdebtedness, release
<br />irnm lia6iii ty arty party liable thereon, and relearn from the lien hereof porri¢ns of the property covered hereby,
<br />wi Lhout affecting the pri¢ri ty hereof or the liability of Mortgagors or any or_her party tnr the payment of said
<br />indebtedness, all. such extensions, de.*erments. ran ewals. and reamortizations to De secured hereby.
<br />;11} Transfer of Seeuri ty. it Ss agreed between the party es hereto, their heirs, 1eg21 representatives and assigi[s,
<br />that the 2nLegrl Ly and resFOnsib1112y of tae Mortgagors ccnstlcutee a part _; the consideration for the note secured
<br />hereby, and that ir, the evert the Mortgagors shall sail, transfer, ¢r convey the Rroperty deserlDed herein, 4he
<br />Mortgagee may at its option declare the entire indebtedness immediately due and pavaDle and may proreed Sn the en-
<br />fcrcemnn[ or- its rights 3s en any ¢cher default i.. Lhe terms of the note and mortgage.
<br />(221 AssignmenT. ¢f Proceeds ^f Mineral :.?ase. rtgagcrs*.=reby transfer, sec over, and convey to Mortgagee ell
<br />rents., rnyaltles, berusns, srd dnley mcreys the[ ^ay prom time *_c time Deccme due ar,d payable under any oil, gas,
<br />or other mineral lea^,e of a[>y kind now existing ¢ 'het may hereefcBr came Into existence, covering the aDO'.e lend
<br />nr a.2v ,.art 4herecf. A11 such sorts .so received Dy Mortgagee shall be spelled to the ±ndeb redness secured hereby: or
<br />said MnrLg_gee may ar, its npt!¢n tm^n aver and Qel leer *o the Mortgagors or their s.ccessors Sa interest, arty or all
<br />of ., :ch sums witn¢ut eiudtce ? MGrt2fiAee~ -: grits tc take and ree.sln future sums, and wi titoui prej~idice
<br />c any ¢I its other rights under ythis mortgage.- The t-'ansfnr and ~=envey.s[;c? hereunder co Mortgagee of said renLS,
<br />royalties, bonuses, and delay moneys shall De c~^,-stnseC 'o be rrovision ter the payment or rodeo*_ion of the mort-
<br />gage debt, sub; nrt* the ^ortgagee rs nDtion as he.^einbafc.^e ^~r:;'+!ded, lndependenc ,,+ the mortgage lien on Bald reel
<br />estate. "^,.an payr..e.^.t fui. o.* the mortgage debt and t„. rslarv:e of this mortgage ct record, this c¢rveyance shall
<br />become .noperatSve and of n., fur*.her ..roe 3.d effect.
<br />r ors
<br />(For3s a-i,: ghras~s :oral^., irc t+.;:ir,~ ~Ce ac k:.mi~:e~~aert h.: r_,_-. s,a.i tie _ r-ue3 c.s in .ire sir.~uiar or ~7urcb
<br />r.!s¢bers anc as mas_uiinr~, ~aai.nina, e- ^.eu'e- ,- a.~ ___~-2i :y ..~ the -,,..tax?.:
<br />.SEA. , [~G`LLG-Ly.t g$~~~TSEAI.I
<br />' Marvin .L. Ta
<br />~~A: ~ e~ ~_~ ,_ _ (senvt
<br />- JoAnn L. gge
<br />. _..n... E SEAL }
<br />. __.... ;SEAL )
<br />..ter i`:'- _,.~, ~'...~~~
<br />,';T ~~3~s._~ -lay _ ~.~~ 1' ~'~~C.. ._.. ..> ~ .,_f.._ _ ....._-7 .,..._.. ... _.... ... _atd _~un ty an..
<br />state, persotialiy ap,^.eared` Marvin L. Tagge and JoAnr. L Tagge, husband avid ife.
<br />e.., .° hT1¢MR1 t' De the :''='S:*P.°- .~.1°~.1 .: -, i a:-: ?Y ,.. -. .,. -'~~i':.^.ri .. ~_. `t T^.?..C. .._l:.ISrlnh'e:Had t..ar ^EV ~xr: C.i .,,.
<br />the sar„a .,_ t`:ai.^ ..l~mtarv .:c' _._ ~ee~.
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