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(8) That in the event aqy awards are made co the Mortgagors or their successors in Interest for taking or damaging
<br />by Lhe exercise of eminent domain the whole or arU' part of the mortgaged premises or any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to co'tlect, receive, and receipt
<br />therefor and to apply the same in payment of-any indebtedness, matured or unmatured, secured by this mortgage.
<br />(7} That in the event Mortgagors default in the payment of said principal sum, or of any installment thereof, or
<br />of an,7r interest thereon, at Lhe time when Lhe same shall be due, or wl th respect. to ag7r covenant or condition here-
<br />of, the¢, at the option of Mortggagee, Lhe ant+.re Sndehtedness secured hereby shall "~+rthwlth become due and payable,
<br />~I shall Dear SnteresC at the defsnlt rate described !n said note, and the Mortgagee may immediately foreclose this
<br />' mortgage or pursue any other svailable legal remedy.
<br />(@) That Sn the event action Ss Drought to foreclose this mortgage, the Mortgagee shall De entitled to immediate
<br />possession of the mortgaged premises, and Lhe court may appoint a receiver co take possession of said premises, with
<br />the usual powers of receivers In like cases.
<br />(g). )'hat faflureor delay of Mortgagee Lo exercise any of its rights or privileges shall not be construed_as a
<br />waiver thereof; thst ar>,y a^t of Mortgagee waiving aqy specific Aefault of Mortgagors shall not be-ebsCrued as a
<br />waiver of any future defaults; that in ease oS default in the payment of any amortization inspallmen*s. or interest,
<br />or in case of payment by Mortgagee of an;, lien, judgment, tax, insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, wLrhout dec lar lag the whole indebtedness due and payable, to foreclose on
<br />account of such specific flefault for such sums as are in default and such foreclosure proceedings may be had and
<br />the land described herein may be sold, sublect Lo the urpsid SndeDLedness hereby secured, and this mortgage shall
<br />continue as a lien for arty unpaid balance.
<br />(10) That Ghe Mortgagee may extend and defer the maturity of and renew and reamortize saSd~lndebtedness, release
<br />from Iiabili ty any party liable thereon, and release from the it en hereof portions of the property covered hereby,
<br />'without affecting Lhe pr±ority hereof or *_he 11aDllity of Mortgagors or arty other parry for the payment of said
<br />SadeDt~edness, all such extensions, deferments, renewals. and reamarti; ations to he secured hereby.
<br />(11) Transfer of Securl ty. It is agreed between the parties hereto, their belts, legal representatives and assigns,
<br />that the integrity and responsibility of the Mori gagers c, nst±tu ces a part ci the consideration for Erie note secured
<br />hereby, and that in the event the Mortgagors shall-sell, tr a-s.f~r, er ^onvey the property described herein, the
<br />Mortgages may at its option declare the entire Indebtedness S:rtmediately sue and payable and may proceed In the en-
<br />forcement of Lts rights as on aqy other default Snthe tetras o.* the ncte and mcrtgag?.
<br />(12) Assignment of Proceeds of Mineral Lease. Mortgagors hereby transfer, set ever, and ^onvey to Mortgagee all
<br />rents, royalties, bonuses, and delay moneys that may : `*, :tee C i-~e bec0~ie due and payable unde.^ any o11, gas,
<br />or other mineral lease of any kind now existing cr - 'r:,ay herea'Ler ;soma Sntc exlsterre, covering the above land
<br />or any part thereof. All such sums .so received Dy Mo~Lgagee sisal: be applied Ec ~.ne indebtedness secured hereby; or
<br />saiC Mortgagee may at its optior, fur.*. over and del riser to *.?~e u ^tgagors c she!r successors 1n interest, aqy or all
<br />of such sums without prewdice to a.y of Mortgagee's rights and retsln `afore sums, and without preiadice
<br />to aqy of its other rights under this mortgage. TDe •r Kusi ~.^ and rP n'•'eyance herrunuer to Mortgagee of said rents,
<br />royalties, Donnses, and daisy moneys shall De c L. ~2d ^o'r; s i-^r Ehe payment or reduction of Lhe mort-
<br />gage debt, suD,7eCt tc the Mortgagee+s optl on as hereSrbe.*creLp ^:•?deg'. Sndeperdent ^* Lhe mortgage lien on said real
<br />estate. upon payment Sn tali of the mcr Lgage detrt and the release ~~f this mortgage of record, this conveyance shall
<br />become inoperative and of ro further force and effect.
<br />;,vt,+rd.^ and bhrases herein, tint lvd ink t;.e ac knovledQae r„ .~,e +~~', siatl be cons'+ued as in the singular or plural
<br />9 6,Ad ~63 tasCUline, fete tin {rpE, or n21tB" ge rd8~, aCCO ~~;ro-i ,... .?*: `.EXt.i
<br />E ~°, ~. ~ t,,~,;t y~'7 _ / f~ ~ Hunni P tt Ly"}~ a Neb~a~ca Corporation
<br />4` A~/'</'~` <r .a:, x. ~e,: c: r+c• ~er s'scni.) ~, _f.~ L r77?'' (SEAL)
<br />,.~..(.'~ ~.=Lucille Hunnicutt,_Secretary Gerald D. Hunnicu t, President
<br />_,,
<br />c - .~- = (SEAL. -(SEAL)
<br />., a - ~ ~.. szAL: :seat)
<br />- •Ft... _ _- ___-- -.SEA6, _ :SEAL)
<br />STATE OF _,!;~~~~'~°r' ~ FORM 2781 (Rev. 12-7 T)
<br />~r~/k~ ss.
<br />COUNfif OF
<br />y^!
<br />On this day of ~s*-<- A.D., 19-~, Defers me, a Notary Public in and for said County and
<br />State, personally appeared Gerald D. Hunnicutt Lo me personally known Lo be the identical person
<br />who executed the forego Sng instrument, who being by me duly sworn did say that he is President
<br />of said oorporaLion; Lhat said instrument was signed and sealed in behalf cf said corporation, and acknowledged
<br />said instrument to De the tree and voluntary act and deed of said corporation Dy it volun Eerily/executed.
<br />My coawlssion expires ~~ ,_fi=?~-- ~`-~~=::act<-~~~~~f'' T~zcZtL_~-=
<br />J. ~B (Type or pr inf name unde* signature)
<br />~MCam~E+RM~a('uit0.1NOtary Public Sn and for sold County an6 Stale
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