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covenant., !US, at its opt.i<'Jtl, take such actioDA1S 1t de6lU MCClas-.ry li) pr-e(ffl}'VC,
l!aint.a1n ..n<1 cue for the pI"l!:>>ll1.a.~, Nxl lS&irl holder of 3Uch in.1ebt.&..1o.a. 16 her-ebJ
given full l'iF;hta of 1~'Nu8 and egreu to Uitl p"~.hu lJeclU'lng th18 lON\ in ord6r
to pNl15orve, u.int.aln and care [01" such pr'e.b~u tor 60 long 10 all or I1\Y part of
U.6 lndebt.ednes6 secured hereby h u~1d, and &JlY reu.on&bh e.xpen.. lncurred by
1 t 1;\ 80 tioing ~hall beCOllHt part of t.illi indebt.e(iMss Mcured, hereby, Bnd 8ha11
becoeae iN~1.at.ly du@ a.nd pa,yublc and !lha.ll leu lnt.ertlftl at ti.e l"9.t.fl provided
tocrt'ltn for fU\ll.l1"e.l obl1t'atJons, howvtlr, it. 15 oxt-1r681Jl,y underate.):! &l.nd agreed that
the holdtlt' <;If .\,loh indehu,1nesn 1s under no obl1,;ation to 80 do, except at it-s own
election, and faHura on the part of 6Uch holdl!lr t<o take ar..;j ac tion hOI>l!under 8hnll
riot con9tilute ... w.iv~r of turU:er bNachc!5 of such covenant.."; it i6 further
covenanted ani all1;1'.ed hy the sa!d IIOrt..gaeor that he "ill not !tine or CRli6-6, aut.horize
or per1'\1t An,)' m1ninr: of pt.(Hiphale, 1 L-"erock , 111'leII tono, cla..v, 5300, 011, petrole\.lJlS
or !lny oUier rtioor.l on the llllYts secured by tlll:l l')Ort~are ...,-i t.bout tile prior vri t.t.en
consent of the l-:ort[&,r:c6 Ii.'1.:1 an)" violation of thil! ccy~mMt !\hall give U!O sald
~ort.i'aV(!1:l t.ht;; cpt.ion to t1('Jclare a default on sQ..tJ 1!lortgl\;C and lI.cc"loraLt' tile
prindpl.\l balance due on th~ ~ioUoJ hereb:.. 8ecured, to;eU.er .dth an)' OtlH"l' ri~:,ht.t5 in
ell!J!) of .1e[nult as ottwr\li/),=-, prov1.d.rd in t.:iln inGt..""U.i~mt.