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(U) That in the event any awards are made to the Mortgagors or their successors -in interest for taking or damaging <br />by the exercise of eminent domain the whole or any part of the mortgaged premises or any easement thereln,.the said <br />awards are hereby assigned -to the Mortgagee: the Mortgagee is hereby authorized to collect', receive, and receipt <br />-therefor and to apply the same in payment of any indebtedness, matured or- ur?matured,.secured by this mortgage. <br />(7) •That in the event Mortgagors default in the payment of said principal sum, or of any installment thereof, or <br />of any interest thereon, at the time when the same shall be due, or wI th respect to any covenant or- condition here- <br />of, then,, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due and payable,. <br />shall bear interest at the rate of ten percent per annum, and the Mortgagee may immediately foreclose this mortgage <br />or pursue any other available legal remedy. <br />(p) That in the event action is brought to foreclose this mortgage, the Mortgagee shall be entitled to immediate <br />possession of the mortgaged premises, and the court may appoint a receiver to take possession of,sald premises, with <br />the usual powers of receivers in like cases. <br />(9) That•fallure or delay of Mortgagee to exercise any of its rights or privileges shall not be construed as a <br />waiver thereof: that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a <br />walver of any future defaults; "that in case of default in the payment of any amortization Installments or interest, <br />or in case of payment by Mortgagee of any llen,.judgment,tax, insurance, cost or expense, or rents, fees or charges, <br />said Mortgagee shall have the privilege, without declaring the whole indebtedness due.and payable, to foreclose on - <br />account of such specific••default for such sums as are in default and such foreclosure proceedings may be Irad and <br />the land described' here in may be sold, subject 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 reamortize said indebtedness, release <br />from liability any .party liable thereon, and release from the lien hereof portions of the property covered hereby, <br />without affecting the priority hereof or the liability of Mortgagors or any other party for the payment of said <br />Indebtedness, all such extensions, deferments, renewals, and reamortizations to be secured hereby. <br />(11� Transfer of Security. It is agreed between the parties hereto, their heirs, legal representatives and assigns, <br />that the integrity and responsibility of the Mortgagors constitutes a part of the consideration for the note secured <br />hereby, and that in the event the t•fortgagors shall sell, transfer, or, convey the property described herein, the <br />Mortgagee may at its option declare the entire indebtedness immediately' due and payable and may proceed in the en-• <br />forcemeat of its rights as on any other default in the terms of the note and mortgage. <br />(12) Assignment of Proceeds of Mineral Lease. Mortgagors hereby transfer, set over, and convey to Mortgagee all <br />rents, royalties, bonuses, and delay moneys that may from time to time become due and payable under any oil., gas, <br />or other mineral lease of any kind now existing or that may hereafter come into existence, covering the above land <br />or any part thereof. All such sums so received by Mortgagee shall be 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, any or all <br />of such sums without prejudice to any of Mortgageels rights to take and retain future sums, and without prejudice <br />to any of Its other rights under this mortgage. The transfer and conveyance hereunder to Mortgagee of said rents, <br />royalties, bonuses,, and delay moneys shall be construed to be a provision for the payment or reduction of the mort- <br />gage debt, subjectto the Mortgagee's option as hereinbefore provided, independent of the mortgage lien on said real <br />estate. Upon payment in full of the mortgage debt and the release of this mortgage of record, this conveyance shall <br />become inoperative and of no further force and effect. <br />(Words and Phrases herein, including the acknowledgment hereof, shall be construed as in the singular or plural <br />ntu.bers and as sasculine, feninine, or neuter gender, according to the context.) <br />() i% <br />� <br />SEAL ��' " - (SEAL) <br />Ervin M. Hostetler( <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />STATE OFQf i,LS �a DONALD K. WADELL <br />:enersl tiotory-Stdo of Nebr. <br />a <br />SS. My Cw lMISSi Expires <br />COUNTY OF Iia MWch 11.1978 <br />7'11On this y day of Fe 6/ el A.D., 19 ? r, before me, a Notary Public in and for said County and <br />State, personally appeared Ervin M. Hostetler (also known as Ervin Hostetler), single, <br />'to me known to be the persons named in and who executed the foregoing instrument, and acknowledged that they executed <br />the same as•thelr.voluntary•act and deed.- <br />IV <br />eed: <br />IV commission expires Aj d,-c/I <br />11 <br />1 <br />��� h� A&� <br />aria/d <br />(Type.or print name under signature), <br />Notary Public in and for said County and State <br />u <br />I� <br />17` <br />b <br />Y <br />� <br />C <br />ro <br />l <br />r_ <br />m ro <br />L.LI <br />CD <br />� <br />Y <br />•D N <br />C ro ro <br />b <br />ro L <br />CD <br />~ <br />u <br />0 <br />r)c. <br />F- ro o z <br />., O ,• <br />CI O <br />Iv <br />N ro <br />U_.. 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