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<br />t'E} lT9~r 4,n the want aray awsrd.ra.e rdasda to 're MnrL;gayror r * e r 1..t rr nrrre t' f ikt..;3 it i tn'~.~p,l:;g
<br />hY ~rs~e exercise of eai~?rent domai r. the whole n. aryy past .,. ..h^ mn_rtgag_C - _. _~_ - .. } -r=« ..ere+~, r, ;aid
<br />awards are hereby assign?^_ to the Mortgagee; the Mortgagee is hereby authorized Teo ^r,ll~,-t, r-cc~ive, 'and r ceipt
<br />Chet•ef~~ and tb apply tka same in payment of anY !ndebtednass, maturPn_ cr urHmatured, secu^eC ^; this mortgage,
<br />(7) ?hat in Lhe event Mortgagors default 'n the payment of said principal snm, or rf any installment thereof, or
<br />of at>3 Sntere5t thereon, at the time when Lhe same shall be due, Dr wl th respect to arty ccvenant or condition here-
<br />I of, then, at the DPC_on Df Mortgagee, the entire 1ndeDtedness speared hereby shall .*or*.hwl rh become Cue and payable,
<br />Mall Dear interest at the default rate SescriDed !h sa1C note, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue any Dtdter available legal remedy.
<br />(&1 ;Rtat in Che event action is DrpugDt 'o foreclose th}s mortgage, the .yortgagee mall De entiLletl ro Smmad!ate
<br />possession of Lhe mortgaged premises. and the covet may appoint a rece lver to take possession of said premisas, with
<br />the usual powers of receivers in ISke cases.
<br />(g) That failure or delay of Mortgagee co exercise any of Sts rights or priv!leges shall not De crnstrued as s
<br />waiver thereof: that shy srt nt Mortgagee waivtng any sped tic default of Mortgagors shall not be construed as a
<br />waiver of any future Cefaults: tha*_ in case of default in Che payment of any amorrization installments or tntarest,
<br />or Tn case of payment Dy Mortgagee of any lien, ludgmen c, tax, insurance, cost or expense, or rents, fees or charges,
<br />sa1C-Mortgagee skali have the privl lege, wi tT,out deo lar leg the whole indebtedness due and payable, Lo foreclose bn
<br />account of such speslfic defaffiC for such sums as are in default and such foreclosure proceedings may be had and
<br />the land dasnriDeC herein may be sold, subiect to the unpaid 1ndeDtedness hereby secured, and ChSS mortgage shall
<br />continue as a lien for any unpaid balanae.
<br />$SC1 That the Mortgagee may extend antl defer the maturity of and renaw and reamortize Bald .Sndebtedaess, release
<br />rom liabl ll ry si>,y party itable thereon, and release !'rem the lien hereof porLLons of the prbpertV covered hereby,
<br />without affecting Che prlDrity hereof or Lhe 11sbSllty of Mortgagors or sqy other party for the ysyment e", said
<br />indebtedness, s11 such axle nsions, Ceferments. renewals, and reamortlzations to De secured hereby.
<br />(117 Transfer of Security. It is agreed between^, *.ha parties-herat.o, their heirs, legal representattves and assigns,
<br />that the Integrity and responsib:Ilty of th? Mortggagors constltu tea a pArt nt the cons tderation far tha note secured
<br />hereby, and that lb tke evert the Mortgagors shall sell, transfer. ~~r ^on: ey the ^roParty dasrrlDad herein, the
<br />Mortgagee may at tts option aer]Are the entire 1ndeDtedncss lmmedlately_ua and payable and may ptroceed in Lhe en-
<br />torr, event. of St; r3ghcs as r.•n ':ny other def.^.ult to the terms of Lhe note anC mortgage.
<br />(St) ASST gnment of Proceeds ;` Mineral l::~sse. Mori zagors hereby trans Car, sat over, attd rorvay Ta Plortgs_aee all.
<br />rents, rnvs2tles, Donttsas, and daisy moheyz: that. may !r"m ~: +.me to time Raceme dun r~nC C~aYSble under -:.ny e11, gas,
<br />ar iaher mirerat leasa of :=ny kind new ~xtst :n4 ~.,' 'hat may hereafter rame into exlstance, c~*vering the above Land
<br />or aqy part thereet. All such sums .so recatved ;:• :~*.gagee ::hall be npPliad tc the ±:u1eDLedhess semu•ed hereDY; or
<br />sa1C Mortgage? may st ite option rttrn over anC ~7e!iver t.o Lke Mortgagors or their successors iu interest., aqy or all
<br />of such sums without. pre,',adice Lo any of MorLgagee•= rt gt7ts to take and retnln future sums, and wltnouC. preSudire
<br />tc any ut its other ~15hts ~:.tnder ~ s mortwsae. ^.^-ns''e^ sad <~onveysnce here+.;nder t? Mortgagee oP saiC rents,
<br />raValCtaS, UQIIll3eS, and delay moneys ;Dili t.C ""P.SL^L'eit r; De ° '01510.^. 'n1' LnP payment Or r'ednC*.lon Cf the taOl'C-
<br />gsge deb*_, subQ ecL to tha Plor t.r,avee,s +ptten ~ •::e*e l;tbet^.re ,rov ided, IndependenC of the rorCgsge llan on said ^eal
<br />estate. Upon payment Sn tt:ll ofthe mortgage debt And the r^t.ease cf LhSs mortgags of record, thi" conveyance shall
<br />becaae lneper~°_tive snQ of r¢c further fCrce .>nd ~~f.*?ct•
<br />r wnr;is anc phFases he*ein, inc i+~i irc' the ac k*?ou;:e.~¢mant :e reor, ;hail ^c nons:*'tae?. :s i-. tha sin2u!a+ rr blurs!
<br />rsubf!r,- aru3 as masculirse. `astnime, nr neu te- ,'P ear. ._: a-d i.:q To r,r cwaexi.; ~
<br />• Ernest R..,~hlman, Jr.
<br />Alvera Ohlman
<br />.si.a:.~ _ ;9F1L1
<br />sraft::3t= L~
<br />!Tt thir: -~£~ny =~53'.i..'t',t%~r€a.11_____ .., ., .~,t.~.. ,_. ,^ar ,,.r, t ..,, .:} ,,._.. . .. .... ... ..... ..~u„t;i .,,_.
<br />-=.t9.r_t•, ,,eryuo ctl ly ,~i: i:c.;re:; ..-_ €rnesc R~E~ti,.fl~•.JY-. __~3,~sci 3EA~a_..TkTa.~,._.E,_ri1~E.C. R. CL~tl~n} 3rtd -----
<br />Alvera ~hlmsn, husband sad wife_,___ _~
<br />t.o me known t= _~~ *!tr? w Bd ', h• ..: og;e:ng tnst:^t^;enC, '.rlar_k^ilM iedged 'lA, .. rx(-., ..
<br />tha same as t?=a1=' eol~ t:U F}
<br />:v ,yttap:lx.lt~n •~zCt:,. __.... ~ ~~~ ~).~rt !~,~ r ice,/. .-u=i•~`.':~-
<br />i ty~, rr int ,uxw ..naer : i ~,~,~,.....
<br />.;ntsry 44tDilr stn cud a'cr _•=1-t ,:panty u: '. ; ..
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