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<br />(g} That in the event any awards ere made to the Mortgagors or their successors In Interest for taking or damaging
<br />6y the exert is3 of eminent domain the whole or arty part of the mortgaged premises or arty easement therein, the said
<br />awards are hereby assigned to the Mortgagee; tine Mortgagee is hereby authorized to collect, receive, and receipt
<br />therefor and to apply the same Sn payment of any indebtedness, matured or nnmetured, secured Dy this mortgage.
<br />--~7}-, That in the event Mortgagors default in the payment of said principal sum, or of any installment thereof, er
<br />of aqy interest thereon, at the time when the sameshall be due, or with respect to any covenant or cdn_i __nn here-
<br />of,-then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due and Dayable,
<br />shall- bear- interest at ifie default rate described in said note, and the Mortgagee may immediately foreclose this
<br />morCgage ar parsec arty other available legal remedy. -
<br />( -(-g} That -in--Cho event action Is brought to foreclose this mortgage, the- Mortgagee shall be entitled to Smtmedl eta
<br />r -passessicn of-the mortgaged premisES; and the court may appoint s receiver to take pcss<ssian of said Premises, with
<br />II! the usual Dowers of receivers Sn Iike cases.
<br />i. ~9} -That-SS11u ~e-or -delay of Mortgagee to exercise any of its rights or privl loges shall not be construed aS a
<br />f waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a
<br />waiver of saty future defaults; that in ease-of detault in the-payment of say amortization insr,$1lments or interest,
<br />.or '.n case di Dayment by Mortgagee of any.iien, Judgment, tax, insurance, cost or expense, or rents, fees ar charges,
<br />- said.MOrtgagee shall have the privilege, wl thout declaring the whole indebtedness due and payable, to foreclose on
<br />account of such specific default for such sums as are In default and such foreclosure proceedings may be had and
<br />v the land described herein may be sold, aubJect to the unpaid SndeDtedness hereby-secured, and this mortgage shall
<br />continue as a lien for any unpaid balance.
<br />(t14} That Che Mortgagee may extend and defer Lhe maturity of and renew and reamortize ^ald'indebtedness, release
<br />. from liability any Darty liable thereon, and release from the lien hereof portl one of the property covered hereby,
<br />without affecting the priority hereof or the itabSiity of !Mortgagors or any other party for the payment o2 said
<br />'~. indebtedness, ell such extensions, deferments, renewals, and reamortlzatlon~ to be secured hereby.
<br />{ii) Transfer oZ Security. It is agreed between the parties Hereto, their heirs, legal representatives and assig[s,
<br />'. that the integrity and responsibility of the Mortgagors comet?tutee a par*. of the consideration for the note secured
<br />'.. hereby, and that ir. the event the Mortgagors shall-sell, transfer, or convey the oroperty tlescrSbed herein, the
<br />'. Mortgagee xwy at 1*s option declare the entire indebtedness Smunediately due and payable and may proceed in the en-
<br />forcemeat of Sts rights as on aqy other default in the terms of the ^ote and mortgage. _
<br />{12} Assignment of ^: oceeds oZ Mineral Lease. Mortgagors hereby *_ransfer, set aver, attd ^onvey to Mortgagee all
<br />teats, royalties, bonuses, and delay moneys that may from tame to time become due and payable under any oil, gas,
<br />or other miaeral lease of any kind now exls~ing or that may Hereafter come into existence, covering the above land
<br />or arty part thereof. A21 such sums"so received by Mortgagee shah he applied 'c the indebtedness secured hereby; or
<br />said Mortgagee may at its option turn over and deliver to r_he Mortgagors or their successors in interest, arty or all
<br />of such sums without preJudics to any of Mortgagee ~s rights to cake and retain future sums, and without preJudlce
<br />to aqy cf its other rights cinder this mortgage. The transfer and conveyance her=_under to Mortgagee of said rents,
<br />royalties, bonuses, and delay moneys shall be comet: aed to be a Provision _*or the payment or reduction oZ the-mort-
<br />gage debt, sub toot to the Mortgagee ~s option as herelnbetcre provided, Srdependent et the mortgage lien on said real
<br />estate. Upon payment in full of the mortgage debt and t*,= release of this mortgage o2 record, t?Ifs conveyance snail
<br />become imperative and of no further force and effect.
<br />(Aords and yhrases herein, inc lvding tte ac knon.•ZPdp++xeni he reo;"", shaft b corn Trued as in the singular pr ~Zurai
<br />rzusbers artd as +¢asculine, feaintine, or neuter ;ender, ac_or2ing to tine coniexi.-
<br />;SEAL) Y (SEAL}
<br />_ 1j Eldon Rluthe
<br />( SEAL) ~4`Zc'c~' ~ Y.1_c_-Llr~ {SEAL )
<br />Dor s ut 1~ e
<br />(sEaL} {seaLi
<br />iSEALi (SEAL)
<br />$mATF QF /• ebIXSLC
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<br />GIXINTY OF rT R ~` 11
<br />Dn this _~day Dt ~ ~~ ~ H..,.. _21i.{_, bet^re ~_ _ "to Cary ?ublic Sn and for said County and
<br />State, personally appeared Eldon Kluthe and Doris Kluthe husband and wife
<br />( Co me known to be the persons named in and who executed ti:e forageiag Instnrment, and acknowledged that they executed
<br />f! Lhe samme as c.helr voluntary act sad deed. ~! .y ~ ~~~ ~d
<br />~{~ ~ nY commission expires ~ b r u4~~ ~ ~ /~~Y ~w~/, ~/- f~r~,rlrz_
<br />~ f s w~ /°!,c </ mare ~n
<br />. t ¢~r~ ( YP flr Prin4 d sign~tu. 1
<br />~ _ Notary Flbl c in and Ybr said county aztd State
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