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<br />Dy_-the ?x?..^^Sae e'^.18i:.L d;Y.R3iL +y>„r __ ..+ _ 3_ -
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<br />31e92'a are S$ aDy' as3 fined hP fiT B-e? ~ ~~ "`r' 3 - - v^ ._'. _
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<br />tDerefr+r aa~ .> 3p~ly t1i¢ _ ..a v-~y7tey. -~ ....J _..~..-._~°.__... ...7 -. ~.-~ .. - -., ~ -J ,..._ ,-.Z
<br />'A) That in LhP event 2Sartga3Grs de ryt, - .z .t rE}r-a... - t.. - r.. - -1 a ~.e .r ? .
<br />DF arky int$reSt LD'CreOn, ai L.he rise whe^ ~' 3~ „1^al - -..° w- -. ^J r . 7 ~~t - h _ i
<br />of then. at `he hpt`Gn ' ;4o Sagee. :.De e....ro sD:._d,a e. r~ i ~w• .~ma r.e r^ -sv_D_e,
<br />83tai1 oast StiteresL aL^tre default :at> desert Ded !n ssi_ .... >r., _._ .._r',n Be zy ,.->e•?i3 ~lY -~T`eo eo=_. this
<br />sdrtg~ ar pursue atilt o-Der available legal reedy.
<br />;8} That in the avast acclbn ;s brbughL 'e fore.lese tnt B~ z_z -a e t i ~ -? ~.c -
<br />DOSS?sSlnn GF ZDe wartgaged pr'aHt15aS, arld irx ~DSt -ay 3pr~__,.~ _ ...._ __ .,_ _~ ~ ..~.n..i ~.. .._ ,.._. y, 2m..:_S, F.1 th •
<br />the usual powers 3t receivers 1n like cases.
<br />{S} That failure or delay of MGrtgagee to exert is2 any o.* !ts rig*t. ~-r lieges =:':311 nOt re cb.*:stra?C as a .
<br />waiver thereo:'; that arty act e.* Mcr*_gaBee waiving sny specific C?:-: :. ~or "" ~«zagbrs shall not be conSLr•.ed ss a
<br />waiver of anY futu^e defaults: tnat Sn case df default !n th? payment~o.' ary a= t~zetion^. its tail?eats Gr inter?st,
<br />or in ease of DaYment by Mortgagee bF ary lien. ludgtrent, tax.::.;urance. "GSt br~expe?±se. or rents. *ees sr char3es.
<br />said Mortgagee shall have *.*.e privilege, wlthrut declar.r.3 the whcl? .nd?bt?Cness due and payable, to f.rec lase on
<br />acebvnt oL such specific default tar such sums as ara ir,Cetauit = such ' ^?rlasure prose?dings may D? ad arC
<br />Lhe land described herein maY De sbi suGl art to the r,pa.,. inC_.........c.. .*.?^'=by .,.. _. ?~±, :..^.d this n.-.r _ _ s.,_--
<br />continue as a lien for any unpaid Dalarce.
<br />~io) Thac the ribrtgagee map extend and deter the ~aturity of anC r?re:a and r?arcri/ze sa+d in4?Dtedness, release -
<br />.r~+m 11 ab 121 vy any party liable thereon^„ ann_ r?lease from t*.e :San her~r„ ;ertions of Lhe property covereC hereby,
<br />without of fectfng the priori tY hereof o.^ the ilaDili*_y of nortgago^s br 3ry other gar ty for *he payment s, sa1C
<br />LndebLedness, all such extensions, defernents, renewals. ?sd r_?mcrr.i nations to 6e s?^ur?C ^_^?by.
<br />(11) Transfer of Securl ty. It is agreeC De L:veen the parties hereto, their heirs, legal rapt?sentat: :•?s sari assigns,
<br />that the Sntegri ty sari respohsSDillty of tre Mnrr_gagers ccrstito *_es a part of *,De cnnsiCeratior, for the rate s?cure.^.
<br />hereby'. and chat Sn the avast the Hertgagors shall sell, transfer, cr convey the -:top?rty descri De' herein, the
<br />Mortgagee may at its option declare the entire :ndeDtedress immediate'_y due and pay eDl? sari ma_y proceed in t.*.e en- '
<br />forcement oL 1*.s rights as or. arty other default 1.^^, the terms of the note ?~^,d mortgage.
<br />(12) Assignment of ProceeCS of Mineral Lease. Mortgagors hereby transfer, set Dver, and ~o.^.vey 'c rortgaRee all ,
<br />rants, royalties, bonuses, and delay moneys ~*st nay from t±m? to time Dacome due and payable ~~r.Cer say ^: 3as,
<br />br other mineral lease of any kind new existing ar that may Hares*ter rbme .ato exister ~<, c :?r L,3 =he abnv= LsnC.
<br />Gr any part thereof. Ali such sums.so received Dy ^icrigagee =11a11 be app l.lod t^, the indebtedness se":r?d hereby: tr
<br />said Mortgagee may at its optlGr, turn over std deSS:er tr, the ;artgagors or their successors Sh !rteresi, a:yy or al:
<br />.' Such su.s ~°Sthou*_ ,,.,olunlo¢ r __ nrcga?ee,s rtg}its ro cake and retain future sums. anC without pr?d udl^e
<br />to any of its other r!ghts under ~thls mortgage. ?h? *_rabsfer and oomeyarce hereunder to Mortgagee said rents.
<br />royalties, bonuses, and delay moneys shall 1;e ^.orstrued to be a provis±cr. for th=_ baymenL or red~crier.~ cf the mGrt-
<br />gage debt, subJ act to Lhe Mortgagee+s option ss nereinbefcr? provided, Ind?pendent ut the mortgage L'en ca sa1C tea:
<br />estate. Upon payment ir, full of the mortgage debt and the rP'-ease bf this mortgage of rernr:!, this oon~reyalce shat: -
<br />become Snoperative -anC of no farther IGrce and effect.
<br />(Morris anti flh~ases herein, ira::v?ir.~ ':e ac kna.~iedgmen! ice*<o,`. shall be cons.**ued a.> in the si ny•.iar ~ ,...tai
<br />nun6ers and as mscuiine, `eairi re. _ neu!e+ ~ r..v ,i.~~.*dinlr .,,, the ro+!!ext.
<br />,~ryy/f J
<br />;SEAL' F".°°[~ ~ /1 _..~'j~[ ~" ~ ~ ~SFAL,
<br />- "' `- F7pndid ,R. -SAle~6 .
<br />;.SEALi -~~-,sCi t ~ -;-1'.~~'~ ':. iSEAL)
<br />Beulak ~7i. Spiehs
<br />_____ _.....,.,.. iSEAL) .
<br />EAL:
<br />SEFL;
<br />STATE OF '" ~'.~_ ' ,~-~° `{1
<br />¢ ss.
<br />:OUN'I'Y OP' ~-- - Ji
<br />~! this ~... -day Gf =~'~/~ n_a /':"'t- a. D., 19-.=• D?fGre me, :notary i'ub 11c Sn and f... saiC County snd j
<br />state, personally appeared IIonald R Spiehs and Beulah G Spiehs. husband a-id wife
<br />to me known to be the Persa~~nd who executed the fo!•egolnB~,-i ar_knowledged that they exeruted
<br />the same as their voluntar an d.
<br />,ty commission expires
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