HomeMy WebLinkAbout0636 ~o long aF all or ~ny part cf the indebt-dnesa secLred hereby is un~sid~ and
an~v rea~onable expense 3ncurred by it in so dcin~ rhall ~ecome part of the ind~bted-
nesa secured~ hereby~ and shall become imr:ediate~y due and payable and shall bear
interest at the rate provided herein far matured obligatione, ha~ever, it i~ expz~essl,y
understoad and agreed that the hcLder of auch indebtednesf~ is under no obli~ation
to do so, except at its oFm election, and failut~e nn the part of ~uch holder to
take sny action hereunder shall not ccnstitute a Waiver of further ~reaches of such
covenanta; it is fl~.rther rcvenanted and agreed by the said Mortgagpr that he r~ill
net mine or cause, author3.ze or permit any mining of ghosphate, limerock, limestona,
cl~yi sand, oi~, petroleum or azYy other miner~l on the lands secured by this martgage
With~out the pricr r~rritt,en cunsent of the Mortgagee and any violation of this covenant
shall give the said Mortgagee the option to declare a default on sai.d mortga~e snd
aecelerate the princi~al ~~lance due cn the Note herPby secured, to~~ether with any
cther ri~hts in case of default as ot~herKi~e provided in this instrument.
~~~K 1~z