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<br />tg) Thac in the event any awards are made to the !xr r_gagar ~n -:` Luc ;eta rfl _ me _st fcr ati ng ^.amaging ,
<br />DY the exercise o_* eminent domain. the whDie or anY par`- a ='. ga3°`' "` - ~ i ,s;,- --t ~3. re - aiC
<br />awards are hereby assigned to the Mortgagee: the Mortgagee ~.. he any -LtD.,. _2 _,. -.a .a,_ _.r„ ,. - e.. _i;t -
<br />therefor and to apply the same in payment cf any indebte~..ness, matured ar u.'~ature», secured~by~*1:is r,ortxa¢e_
<br />(7) 14iat in the event Mortgagors default in the payment of said Principal sus,, or ,f any installment therso.*, ^,~
<br />of agir interest thereDr.. st the time when the sane shall be due, ar with respect to any covenant ar fond=*.SOr: here-
<br />cf, then, at the option of rfor*.gagee, the entire indebtedness secured Dereby shall forthwith became due atd payable,
<br />shall bear interest at the default rate described in said note, and the Mortgagee may +mmediately _fe-=close *_his -
<br />mortgage or pursue ar~y other available legal remec$..
<br />possession fat tthe emortgaged A emises~a~nd the courtl m?y appoi~„a~ceiver Her.agke e;zossession ~f'tj ti>~led `QT `:JQ ed,p t~
<br />the usual Pavers of receiversrin like cases. a
<br />(g) That failure or delay of Mortgagee to exercise any of its rights er p^b+ileges shall not De construed as a
<br />waiver thereof; that aqy act of Mortgagee waiving any speciric default of Mortgagors shall not be constrned as a
<br />waiver of aSIY future defaults; that in case of default in the payment cf any amortization Snstzilmerts or in*_erest.
<br />or in case of payment by Mortgagee of aRY without de~c lar ing therwholeyindebt 3nes dues and payable, „o y.o roc ese won
<br />said Mortgagee shall have the privilege,
<br />account of such specific default for such sums as are Sn default and such foreclosure proceedings may he had and
<br />the land described herein may be sold, subJ act to the unpaid indebtedness Y,ereDy securetl, and this mortgage sha'_i
<br />continue as a lien for anY unPaSd balance"
<br />(SO) That trio Mortgagee may extend and defer the maturity of and renew and reamortize said i.^,debtedness, rsiease
<br />from liab111 ty any party liable thereon, and release from the 11 en hereof pcrtions of the ;cr e he ya rered ri~rcbJ .
<br />wlthovt affecting the priority hereof or tDe 11 ability of Mortgagors or aqy other party F Yment of said
<br />indebtedness, all such extensions. deferments, renewals, and reamortlzaticns co De secured hereby.
<br />i
<br />(11) Transfar of Security. It Ss agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />that the integrity and responslDillty of the Mortgagors constttu tea a part of the coasideratian for the note ~eaured
<br />hereby, and that In the event the Mortgagors shall sell, transfer, or convey the property described herein, t:,e
<br />Mortgagee may at its option declare the entire indebtedness immediately due and payable and may proceed ir. the er.-
<br />iorcement of its rights as on any other default in the terms of the note and mortgage.
<br />(i2) Assignment of Proceeds of Mineral Lease. Mortgagors hereby *,ransfer, set over, ar"d convey to Martgagee all
<br />rents, royalties, bonuses, and delay moneys that may from time to time become due and payab ie under any .^,i., gas,
<br />or other mineral lease of cilY kind now existing or that may borax,*tzr come into existent?, covering the above :and
<br />or aqy part thereof. All such sums .so received by Mortgagee shall be applied to the indebtedness secured hereby: ar
<br />said Mortgagee may at its option turn over and deliver to the mortgagors ar their successors is inter est, any or ali
<br />of such sums without pre~udlce Lo any of Mortgagee's rights to cake and retain future sums, and without pre,',udiae
<br />to any of its other rights ander this mortgage. The transfer and conveyance hereunder to Mortgagee of said rents,
<br />.royalties, bonuses, and delay moneys shall be construed to De a provision for the payment or reduction of CDe mort-
<br />gage debt, subJ act LO the Martgagee+s option as hereinbefore Fra+'ided, independent of the mortgage lien on said real
<br />estate. Upon payment Sn full of the mortgage debt and the release of this mortgage of record, this conveyance shall
<br />become lnoperatlve and of no .'vrther farce and effect.
<br />!Wends and yhrases herein, including the acknowledgment hzroo*, shat', 5e construed as in-*ha singular ar 4tural
<br />nu6ers and as masculine, feminine, or neuter gender, according to #he_corziezt.i - ,
<br />j b~. ._ i ~ _ ._
<br />- - -_.
<br />{SEAL) ~' ~'r~~~.° - ~_ ~-!_ <<..- - "~(S~4L'~
<br />- ~_ _ ~ e C; Rieflin
<br />(SEAL) -~ `- ~-~. C>~~; ~:-!' .~ ' ~ c_ ~"~,~~'..- ~ ,SEAL)
<br />~ ~; D~rYS ~ ~ief lin
<br />~~-
<br />_~sEaL) - ) , ~' !~_~ ;sans)
<br />_ flame Rieflin
<br />(SEAL ) `~, d i' ~~t j ~ ~ -l ~ yy ._t. ~•- a'EA1 ,
<br />Vada ~f. Rieflin
<br />STATE OF ~ ~" V% r~~ c:.?
<br />SS.
<br />COUNTY OF
<br />i
<br />Ots this ~ ~ day of - - A.D., 19-. bePOre me. s No tart °uDlic Sn and for said ec~say =..-
<br />State, persanally appeared Wayne C Rieflin and Doris M Rieflin husband and vitae and
<br />Duane Rieflin and Vada M Rieflin husband an_d wife
<br />to me known to be the p ~ the foregoing fns t: ument, and ackrewledged that .*.hey execu t.ed
<br />the same as their volu t '~~~
<br />ky commission expires - ~~, i `t i r_ r r~_
<br />(Type or print name under signat ure7 ~;
<br />Notary Public Sn and for said County and State . -
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