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<br />tit ) ±gia,t i r2 - ha oyel't ~J award., a '4a• i P 2 ->7: -. - - If`M' - ~ =.'~
<br />try exe -, S Jf ~t,.~. ~ 1-. #t' _,^ ~ -. --- °^ P 1 -^ f ~ 1 ^ iYk ~!W ,2d~_fw
<br />a~erd., ate h eby assigned rr ne Mor,3w~ee, * e rxgee ~ i-:r r . erne ar .pt.
<br />therefor avid t., a^yp~y Lhe 53F:.. _n. „3jMF2T:G ~, anJ •.+-t'++-..e,~.a. ..,... .-r3,. v,. ~. ~~ .p„mat _.. ed, .,e,~. _.. .,j _*..,. 'G tgar„B,
<br />('l) That in Lhe elenL MOTtr,3¢Gr5 default 1» flea ~gy-fit C' 33?d J~':IIr, i Lr L^i '~il71. ]iE' '~: 'LJ' =vSta"S:ent "iiG~P.rp44,', ~7r ~p
<br />Of ally interest ti.Pr eon. 8t till tine whoa Lhe Same Shall be dL'e, ,r with reS^ye^t anY r:GYEn~t J2'-:Ondir_ion her?- .
<br />af, then, 3t the option of Y,ortgagee, the entire '^deb redness sPny ed h-^=by shaiirf~rthwijh became due 3'ld payable,
<br />email bees interest at the default rate described .n sold acts. 3nu Phe Mc:'tgagee' may -m~ediately fareclbse this
<br />mortgage as pursue any other available legal remec~. -
<br />(8) Thar Sn the event action 1^ brnught *_o fnreclrse this .mortgage, the Mortgagee ,.*;all be entitled to :~.:'~11ate -
<br />pessession of the martgageG premise-s, old the court may appoint = -eceiv<_r ..~ t:~ke ;,assessiar, of said pre:nlses, with
<br />the usual powers of receivers in like cases. ` -
<br />4
<br />(g) That failur^ or delay of Mortgagee to exercise any of its rights or privileges shelf nos be construed as a
<br />waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be corstruued as a
<br />walrer of any future defaults; that 1n case of default ir. the paymer any a.Eartizaticn installments ar interest, j .
<br />or ir: case of oayment by N.artgagee of any lien,~udgment,tax, inaL arse.cost or expense, or rents, ..*ees or charges,
<br />said Mortgagee shall have the privilege, without declaring tie whe'_e Sndebtedaess due and paye_bie, to fareciose on
<br />aoeount of such specific defaulr_ for such ^ums as are in default ~-rd such fore^;csur? proceedings may b2 had and1
<br />the Land described heroic: may be sold, subJect tc the unpaid iadabt?dness !;ereby sec,s?d, and this mortgage shall
<br />continue as alien for any unpaid balance.
<br />116? That the Mortgagee may extend and defer the maturity of anal r?new and ?'ea.:.ortl?e said Sadebtedness, release
<br />nom liab (iffy any party liable thereon., and release Irnm the _ien hereof oo, bons of the proper±y covered hereby,
<br />without affecting the priority hereof or the liability of M:;rtbnanrs cr all;a ocher party for the payment a_ said
<br />indebtedness, all such extens±ens, dererments, renewals, and reamertizaticns to be s?cured hereby.
<br />{11) Transfer of Security. It is agreed between the parties-hereto, their heirs, legal representatives and assigns,
<br />that the integrity and responsibility of the Mertgagors coast itu tea a part cf the eons ideration for Lhe note secured
<br />hereby, and that in the event the Mertgagors snail sel'_, transfer, or Canvey the property descr abed herein, the
<br />Mortgagee may at its option declare the Pntire Sndebtedress i.~mred'_ate:~ due and payable and may proceed Ln the en-
<br />forcement of its rights as or, aqy other default Sn the terms of the note and mortgage.
<br />(12) Assignment o_* Proceeds ci Mineral Leas=. Mortgagors hereby transfer, set ever, and convey to ricrtgagee all
<br />rents, royalties, bonuses, and delay moneys that may from time tc time become due anC payable under any oil, gas,
<br />or other mineral lease of any kind now existing or that may hereafter came into eristence, covering the above land
<br />or any part thereof. All such sums .so received by Mortgage= shall be applied to the indebtedness secured hereby; or
<br />said Mortgagee may at its option turn over and deliver to the Mortgagors or tY,eir successors in. interest, any or aI1
<br />of such sums without prejudice to any of Martgagee~s rights to take and cocain _*uture sums, and without preludice
<br />to any of its other rights under this mortgage. ?'he transfer and conveyance hereunder to Mortgagee of said rents,
<br />rbyalties, bonuses,. and delay moneys shall be construed to be n rrovisicn for the payment or reduction of the mort-
<br />g"~;~ debt. sub,;ect to tY.e Mortgagee+s option as :*.e.^einbef.sre ^-'ovided. ir!dPpendeat of the mortar?e 11en cn said real
<br />estate. upon payment in full of the mortgage debr, and the release of this mortgage of record, this conveyance shall
<br />become ircperative and of ro further force and 2ffecL.
<br />(Fords and phrases herein, including she ackrzo.~le3gment hereo c,';at? .5e roes±rued as irz ;he sirzgular o+ ¢lurai
<br />n>aebers 2nd as masculine, femininx, ~7r Hours r, gender, accordtirg the caniext.
<br />j ( .. ~*~~.~-'C-'.__ t (SEAL)
<br />~Ye'~'>'+-~ -r -~'~ i {sFaL) ~ //~r~• Duane ~ Rieflin
<br />Aae~n
<br />J !' F-'-~( - i i° r'Yf~ ~~~Lt? ~-x-~"v;-(SEAL) ~~ ~-a;.d._ ~~~~ ! ~`t_''--ti Vii,^~ {SEAL)
<br />~~s M. ~i-e~in Ta3a I~-,_~ie~L3n
<br />STATE OF ~\/-~.CS1PH•~i: --i
<br />?J'
<br />COllMTY OF r``~ L
<br />!SEAL; (SEALt
<br />~ScAL)
<br />as"EAL--
<br />~ t'r,is / ~+ay t_ C^ ~C-,-t~L?= i{ ..._.. 1?~ ! , .,°rre ^;e. ..... ?,:6'_ic ... ~:d ..,. ..a1G ;;^untg and
<br />Mate, personally appeared Duane C. Rieflin and Vada M Rieflin husband and wife and
<br />Wayne C. Rieflin and Doris M. Rieflin, husband and wife,
<br />to me known tube the persons named in and who executed the foregoing Srs Ur ument, and ackrcwledged that they executed ~ -
<br />the same as their vol -
<br />~I~~~1
<br />~~K~- .,° ,, g.t! i
<br />> t~__
<br />t1v commission expires MLL ~ 1Mr 3. 1! `-- `~'''fa"'.ty "1 /ice -1~.:`{~:)
<br />(Type w print name under signature)
<br />Notary Public Sn and for said County and State
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