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<br />Ft ;hat n h8 e' at an-".-.r r- V-; r~-.e ', ~., ~~ ~,.,~U5951 ~,...
<br />~ 4 _ yaw .rd> are ate de ro hw 1"dr., ,ago 5 ~r tnbl irrF.s aT r t t r{ f~- E"r~ w nr daunaKinq
<br />.he axe. _.!_~ of eminen .. dome in Fh?. wncle r 1c`sy part o ti,le rlortg gad p art r lC a] r e^~,Et the {,Se rte std
<br />-~ if~iwards are hereby'asks i.gned ta. the ~MOrtgaKee: tha.. MnrN:gagee is'HuereDy a.uthnrl~ c- tr °. it.)r ru roc v ~~. ~3nd .e„eipt
<br />*.Derefor slid to apply the same Snpaymeat of any 1ndAbtedness, matured er unmatured, sr= i _^ by 'rl ~mortgace.
<br />' ~ ~ ?7) That Sn the evert Mortgagors default Sn tha payment of said principal slm, or of any Snstallmer,t thereof, or
<br />of arty interest thereon, at the tfpe ~'~enen*~ire&indebtednessdsecur?dwherebysshalir*or hwith becomerduenandinayaDle,
<br />i nf, t..~n, at the option of Mortgsg?,
<br />I!{ shall bear interesi at tkae default rate described in said note, and the Mortgagea_ may lmmed lately foreclose this
<br />mortgage or pursue cry other svailable legal remegy.
<br />.~ ~ E8) That In the event action l.s brought to foreclose Chls mortgage, the Mor*_gagee shall be entitled to Immediate
<br />J possession of the mortgaged premises, and the court may appoint a race Suer to take possession of said premises, with
<br />:;, ~ the areal Fowers of receivers Sn 31ke eases.
<br />TDat fal lure or delay of Mortgagee to exercise any of SLS rights or pr1v11eges shall not be construed as a
<br />waiver therent; thsf, any set ti Mortgagee waiving any sneciflc default of Mortgagors shall not be construed as a
<br />waiver of any future defaults; Chat Sn case of default in the ewment of any amortization ±nstalLments or lrterest,
<br />- !. ~~ or in case of payment by Mortgagee of arty 11 en, judgment, Lax, insurance, cost or expense, or rents, lees or charges,
<br />1 ~ said Mortgagee shall have the privileP,e, without declaring She whole indebtedness due and payaD.le, to fcroclnse on
<br />account of such specSfic default for such sums as are in de tsulG and such foreclosure proceedings may be had and
<br />the land QescriDed herein msy be sold, sub,)ect to the unpaid indebtedness hereby secured, and this mortgage shall
<br />-, ~ c((ont inue as a 11 en for .sny unpaid balance,
<br />"~ ~ trmn lfiab 111 ty Maryy p~tym SsD le e.her cvE,rand releaser from the Lienrhereof nportidns raf ethe propertyCe overetl hereby
<br />- ~ wl tttout of feet ln3 the priority hereof ar Lhe ltsbillty' of Mortgagors or any other party for the payment ^f sa1Q
<br />indebtedness, sl; surtt extensions, deferments, renewals, and reamortizatlbns to be secured hereby.
<br />-' (11) Transfer of Security. a !s air,. eed be [Neer. the partle^, hereto, their heirs, legal representatives and assigns,
<br />~ t.haG the integrity and .*esponsibtllty of tha Mert gagers const!tutes a part cf the cons lQeraGion for the note secured
<br />hereby, and that S^ the vivant the Mortgagors shall sell, trans icr, or convey Lhe property descrtbetl herein, the
<br />- ~ Mo.^tgagee play a[ 1[s op*_-Son Sec hire the entire indebtedness immediately due and payable snd msy broceed In Lhe en-
<br />fnrcemen*. ~zf !`.~ rights '•.- -.~ '+RV 'ether de fault In the Germs of the Hate and mortgage.
<br />i
<br />- ~ (1.'.i ASSS~ument. c' Proceeds ct Mineral Lease. Mortgagors hereby trans ter, set ~~,ver, :+nd comet' to Mortgagee all
<br />rents, royaitlPS. bon. P Ind deist' monave ilia m v r^m -ma to tme become due ~.^d psyaDle under any ail. Kos,
<br />~ or ;[her m;nerai '. t.--.- . _.ny kind ^ew exl ;ng 31 erect e o.e t~ °x1 r•terse, severing Ghe above land
<br />~ ~rr aqy p°irt theren* A1- vch ~ s .o eel-ei ~ - aRa -h3 br -~=1te.-- -. _hF 1ndeD te.lness src-ured hereDY: ar
<br />said Mortgagee may at t ~ t m - ]rn m er .m.'. t to !~ .ha N~rt aK ors or -. relr successors in interest, anyror sli
<br />~t UCti "'Ei .vi[ht: -t' .1 .L 1 } ~ ~ r.za'. F. lkh-- .'ue 9fid 'et t„t .ULL're 3n:115, ann w1tDOVL preil]dicP
<br />ro any :Cho -ht - ..,,is rtv-. Ke ^ r'tr _P t. .rn e} anc~~ Lereunder to Mortgagee of said rents.
<br />f _--{_t 1 nonuser .rd +e_oG ^~oMevs ~haL ae ^~r,~t. Le,. b ct - i. n ~n~ the payment or redact Ian of the mort-
<br />' gage CeDt sun.! ec t. t.h_ M.^ wsg e -_ ,,ctioa is her<<-inbe^ e ,. e :~.. „en.ient ,, ~' the mortgage lien w•n .aid tit
<br />~' ~ estate. !P;an ,.aymant .r. c,.* ,.!,e mortgage debt and the .~._s-t' _.r .his nurtgage of retard, this coC:veys[ice steal;
<br />~ 1 become inoPerat ive and .S no u Lher t rte and P fee
<br />~. ~ ;Fords an4 tr.-a.?= n,.ex trz.-.- ~,E i--~^ -e •w~i] -«_ ions C-ued as in tF.e sinquia+ cr pl;ar¢t
<br />'~. { n+~oe+s srt~, 3~ aas:..:rr., . 'oa.r.ir, _ .. .. .. ., .. .,: ~. - unsex[. J ~~
<br />.~, i __H !SEAL)
<br />'il ~~ _ Larry D._ artridge
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<br />--- , u";. ~ - oro'thy Par idge
<br />~EAL ,oEAL}
<br />iv AL• -: SEA1.1
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<br />3i 'h1A~L.SCQday '°i~~+?~~r ,. ... ,.tom, ..._ ... .._csi'y ~vb'1~ .. ..:± _ .t:] _~-E .C:' .ni
<br />p~ ._, Larry D. Partridge and Dorothy Partridge, husband-and tai#e, -
<br />to me known to b.+ 'ha ;--<~rsens named in ar ~'t r., executed !ha toregSSng !nstr•.lmeat-, s•?d schrrnc l_dr;ed ilrtt t. _, .,xa: ;c ~rrt
<br />Ll:a [:nano 3;: rhel:~ '.. illb t']r}' ,..~. aIDi :.,. ed.
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