|
r
<br />(8) That 1n the event oily awards are made to the Mortgagors or their successors Sn interest for taking or damaging
<br />by the exert SSe of eminent domain the whole or a0.y part of the mortgaged premises or any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee Ss hereby authorized to collect, receive, and receipt
<br />therefor and to apply the same In DaYment of any indebtedness, matured or unmatured, secured by this mortgage.
<br />(7) That in the event Mortgagors default 1n the payment of Said principal sum, or of any installment thereof, or
<br />of aqy interest thereon, at the time when Lhe same shall be due, or with respect to any covenant or con6ltlon here-
<br />of, then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due and payable,
<br />shall bear interest at Lhe default rate described Sn said note, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue any other available legal remedy.
<br />(8) That in.the event action is brought to foreclose this mortgage, Lhe Mortgagee shall be entitled to immediate
<br />possession of the mortgaged premises, and the court may appoint a receiver to cake possession of said premises, with
<br />the usual powers of receivers In like cases.
<br />(9) That failure or delay of Mortgagee to ezercise any of its rights or DrSVlleges shall not be construed as a
<br />waiver thereof; that aqy act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a
<br />waiver of any future defaults; that Sn case of default Sn the payment of any amortSzattcn Sns tallmerts or interest,
<br />or in case of p~Ymenc Dy Mortgagee of aqy lien, Judgmen t, tax, insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due and payable, to foreclose on
<br />account of such specs..*ic default for such sums as are in default and such foreclosure proceedings may be had and
<br />the land described herein may be sold, sublect to the unpaid indebtedness Hereby secured, and this mortgage shall
<br />continue as a lien for any unpaid balance.
<br />,(16) That the Mortgagee may extend and defer the maturity of and renew and re amortize said Indebtedness, release
<br />from 1f ability any party liable thereon, and release ;ran the lien hereof portions of the property covered hereby,
<br />without affecting the priori ty hereof or the liability of Mortgagors or arty ocher party for the payment of said
<br />Lndebtedness, ail such extensions. deferments, renewals, and reamortizacians to 6e secured hereby.
<br />n+i 'transfer of Securl tv. I*_ fs agreed between the pa.^ties hereto, their heirs, legal repr=sentatives and assigns,
<br />that the integrity and respons ..y T~ se~~-=-~===rtta-fr "° °°'° "°° "'°"
<br />hereby, and that tr, the event the Mortgagnrs shall soli, transfer, cr convey the property described herein, the
<br />Mortgagee may at Sts option declare Lhe entire Sndebtedress immediately due and payable and may proceed 1n the en-
<br />forcement of its rtghts as ar. aqy other default in the terms of the ro to and mortgage.
<br />(12) Assl gnment of Proceeds of Mineral Lease. Mortgagors botchy trsnsfer, set aver, ar:d convey co Mortgagee all
<br />rents, royalties, bonuses, and delay ;Honeys that may ~rcm time to time become due and payable under any oil, gas,
<br />or other mineral lease of any kind now existing ar that may hereafter come into existence, ^overing the above land
<br />Or acyy part thereof. All such sums .se received by Mortgage? shall be applied to Cho indebtedness secured hereby; or
<br />said Mortgagee may at !ts epticn turn ever and deliver to the Mortgacors ar their successors Sr. interest, any or all
<br />of sncr, sums without pre,)udlce to any of Mortgagee ~s rights t take and retstn future sums, and without preJudice
<br />tc any of Sts otrier rights under this mortgage. The transfer Jand conveyance hereunder to Mortgagee o_* said rents,
<br />royalties, bonuses, and delay moneys shall De construed to De a ~ravisian fcr the payment or reduction of the mort-
<br />gage debt, subJ ect to the Mortgagees option as hereinbefare ^rev!Ced, lnCepenCert of the mortgage lien on said real
<br />estate. upon DaYment 1n full of the mortgage debt and the re?ease r,r this mortgage a.* record, this conveyance shall
<br />become inoperative and of no further force aad effect.
<br />(Wards an3 phrases herein, tin~lvdinu he ac knowledguen; pe*ro*, ~^.c ? y~-_crs:-ued as in :rte singular or gtural
<br />nvaCers and as anscutine, feminine, or neuter gender, ac^ord inq-t. 'h,= rc-:ext.,
<br />/" //~~ , ' t. ;.~~ /`
<br />;SEAL) ~-~''~;:~i^ .'Y~ s--'~~ ~LCc.::z. "~-~^~`S St,AL)
<br />- Lavern o>_tasz s~
<br />~,~ ~ ` --5- f .a
<br />_ ~;,?t-`'-2 Y:_rG.~i~:~k~.j SEAL)
<br />(SEAL} ._~: __ ~ `~-` -_
<br />assn ,ay o aszews
<br />',SEAL;
<br />S~..,AL )
<br />,~~'Ai.; (SEAL}
<br />STATE OE
<br />ss.
<br />Ct7UNTY OF
<br />on th i., day of A.C., i6-1-1. ='-..,re ^e, sr.'e _ar/ ?~~D l?c in snd for Baia County zuid
<br />i
<br />scare, personally appeare~, La ern H. Woitaszewski (also known as H. Lavern Woitaszewski.) and
<br />Karen Kay Woitaszewski, husband and wife,
<br /> to me known Lo De the persons named i^ anU who executed the ..*oregui rg Snstrtlme!it, and acknowledged that they oxeeuted
<br />the same as their voluntary act ac!d deed. ~\ :~
<br />_ ~ ~ i ~ jJ
<br />cwnmission expires ~Mlb~~lb ~ ~ ~ l
<br />sAMAM1 ~O~K a: bu ,,~ , -~j'. ~ ~~/ri~- C
<br />~bIM1e~~{4{~ c yFa ~r p. t v(ame de is :~na rite l
<br />i
<br />tie Lary PllDlic in and for said County and State ~ ;
<br /> I ~ ~ ~ ~ ~: a f ~' I e"'c
<br />
<br />z ~
<br />~
<br />
<br />
<br />
<br />,
<br />~
<br />
<br />
<br />~ 1. ~ ~
<br />
<br />m ~;
<br />
<br />
<br />ewe,
<br />t I~ ~ ~~ ~° I
<br />
<br />f ~'
<br />~ ~ - H ~ ~, I
<br />~.
<br />~~
<br />~ ~ - ` r .~ i
<br /> .~
<br />a
<br /> o ~ ~o ~_ ~ I J ~~ ~
<br /> _ ~
<br />~ f
<br />I
<br /> i s ~ ! 3= i
<br /> ~ ~ ~ ~ + ~ ~ t
<br />
<br />
<br /> " ( '
<br />
|