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<br />(aj' That 1n r,D~ <aant aRY a,,,:s d.l ,^e m34a to ;Yie Mort~,agors ar aaa(lr suc',;P s r .: 1 l r ,t f x alr:tig or drum,;gl nK
<br />try tIl'e exercise 'af _m~!ient doE+7a9n the wtsoSe or 'any pr#r!L of ryn mortgaged prem_~ .. cr «r~ easem _,lt [herein, th_ ,kola
<br />j axards are hereby asslg:;ed to the Mor Lgagee; *.he Mortgagee Is hereby authorized to rnllect, receive, rand receipt
<br />- therefor aid to apply the same in payment of any indebtedness, msturetl ar unmatured, secured Dy this mortgage.
<br />I (T) That in tae event Mortgagors default In the payment of said principal sum, or of any installment thereof, or
<br />of any-interest thereon, et tae GSme when the same shall be due, or with respect to any covenant or condltlar, here-
<br />ot, then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith became due and payable,
<br />shall Dear interest at the default rate described in said note, and the Mortgagee may immediately foreclose this
<br />irbrL$age or pursue aglr other available legal reme[jy.
<br />(31 -Teat Sn tae e4aat action Ss Drought to tareclose Ghis mortgage, the Mortgagee shall De entitled to immediate
<br />po§sessloa of tDa mortgaged premises, and the court may appoint a receiver to cake possession of sa1C premises, wi to
<br />the t3sUffi powers oS receivers in like eases.
<br />!9) ?'hat failure or delay o2 Mortgagee to exercise any of Sts rights or privileges shall ^oc be construed as a
<br />waiver taereat; tea*. any act of Mortgages waiving any spedilc default of Mortgagors shall not be construed as a
<br />waiver of an'r future-4etaults; that to case of default Sn tae payment of any a^tortizatlon installments or interest,
<br />or In case of pryyment by Mortl,~gee of any 'Son, lodgment, tax, insurance, cost or expense, or rents, fees or charges,
<br />sai6 Mortgagee shall Dave the privilege, wi thouL declaring the whole Sndebtednass due and payable, to foreclose on
<br />account of such speeitia default for such sums as are Sn default and such foreclosure proceedings may be had and
<br />the lead described herein may Ce so2C, su0,lect to the unpaid Indebtedness hereby secured, and this mortgage shall
<br />continue as a lien For any unpaid balance.
<br />(10) That the Mortgagee may extend and defer the maturity of and renew and reamortl2e said indebtedness, release
<br />from (lability any party liable thereon, and role 3se from the lien hereof portions of the property covered hereby,
<br />wl taaut affecting the priority hereof or the liability of Mortgagors or al>.y other party for the payment of sold
<br />indebtedness, all such extensions, deferments, renewals, and reamortizations co be secured hereby.
<br />(111 Transfer of Securt ty. Tt is agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />that *..he integrity and respond Dility of the Mortgagors constitutes a part oI the consideration for the note secured
<br />hereby, and that in the event the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />!1Drtgsgee may at Sts option declare the entire indebtedness immediately due and payable and may proceed In the en-
<br />forcement of its rights ns nn any other default 1n the terms of Lhe note and mortgage.
<br />(12) ASSlgilment of Yraceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgagee all
<br />rants, royalties, bonuses, and delay moneys that may from time to time became due and payable under any otl, gas,
<br />nr ether mineral lease of any kind nnw existing or that, may hereafter coma into existence, covering tae above IanC
<br />or ary par*. chereoF. All such sums so received by Martgagec shall De applied to the indebtedness secured hereby; or
<br />said Mortgagee may at Its option turn over and deliver to the Mortgagors or their successors in interest, aqv or fill
<br />of such sums without prejudice to any of Mortgagee+s rights to take and retain future sums, and without pre,7udire
<br />to srv of Its ntner nighrg .,nor r,;SS :^ ^tgage. T,.*,e cans.*er =-ild conveyance hereund<_r ra rtgsg•,e o.* sold rents,
<br />royalties,.bonuses, and delay moneys shall be construed to be a provision Por Lhe payment or reduction of the mort-
<br />gage debt, subJect to Ghe Morcgagea ~s eptlar, as here inbefare yraviQed, indeyendent aP the mortgage lien on said real
<br />estate. Upon psym2nt in full cf the mortgage debt and the release of this mortgage of record, Ch1s conveyance shall
<br />became lnoperat7ve and of no turtaer force and effect.
<br />(Yords aavZ phrases he+ein, including :he acknorv6edgment hereof, sh~El be construed us in the sinqudar or p{uraC
<br />nuabars and-as mzscu:ine, ,`ea*.rt:.e, or neuter aerc'.er, accord inq-to the context.,'
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<br />(SEAL1 ~/t,t~vt ~I' Gnu./"/(SFAI.1
<br />Robert_,E. ~ngel
<br />(seALI ~,~t peloris B. E`el '' L)
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<br />(SEAL)
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<br />.- -, =v..- .- -F,=.~F''~(`- - ~' ~''~SY.P~ ~s'll~.ka[san as I]atntis-Fswell,.
<br />to ma kro~rtt to be ..ire r*'rsbns named :n :s1;3 :etc rxecutcd the foregoing tnstrtlment, end aeknawiedt',aci that they rxerut+~.i
<br />Lh0 S231L9e' a.G thMtr '.,^.iltilLaf'y 9a' ut:.; dtleu.
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