HomeMy WebLinkAbout1839 + a~i•
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and of this Mortgage governing the manner, notice, and
conditions of a foreclosure sale of said land shal apply
to such sale of said stock by Trustee. -
15. That acceptance by Mortgagee of any sum in
payment, or part payment, of any indebtedness secured
hereby, after the same is due or after a default shall not
constitute a waiver of the right to require prompt payment
when due of all other sums so secured, nor shall such
acceptance cure or waive any remaining default or -
prejudice any of the r-fights of Beneficiary under_ this
_ Mortgage.
16. That any award of damages in connection with
any condemnation for public use of or injury to said
property or any part hereof is hereby assigned and shall
be paid to Mortgagee which may apply or release such
moneys received by it in the same manner and with the same
effect as above provided for disposition of proceeds of
fire or other insurance.
_ 17. That Mortgagor hereby assigns .and transfers
to Mortgagee all damages, royalties and rentals and
revenues of every kind, nature and description whatsoever +
that Mortgagor,may be entitled to receive from any person,
company or corporation owning or having or hereafter
acquiring a right to -the .oil, gas or mineral rights in
said property or any part thereof, with the right in
_ Mortgagee to receive and receipt therefor and apply and
release such moneys receved by it in the same manner and
with the same effect as above provided for disposition of
proceeds of fire or other insurance; and Mortgagee may
demand,-sue for and recover any such payments, but shall "
not be required so to do.
18. That without affecting-the liability of any
other person liable for the payment of any obligation
therein mentioned, and without affecting-the lien or
charge of this Mortgage upon any property not then or
theretofore released as security, for the full amount of
a?1 unpaid obligations, Mortgagee may from time to time, -
and without notice: release any person so liable, extend
the maturity or alter any of the terms (including interest
rates) of any such obligation, or grant other indulgences,
release or_reconvey, or cause to be release-or reconveyed
at any time at Mortg agee's option any parcel or portion or
all of the real property described herein, take or release
any other or additional. security for any obligation herein
mentioned and/or make composition or other arrangements
- with debtors in relation thereto. If Mortgagee at any
time holds any additional security for any obligations
secured hereby, it may enforce the sale thereof or other-
wise realize upon the same at its option, either before or
" concurrently therewith or after a-sale is made hereunder.
19. Mortgagee will have the rfight to decl_a_re the _
- - - -
principal balance and accrued interest of the Note
immediately due and payable if any of the real property
subject to any of the mortgages or deeds of trust securing
8
aooK 317 PEE 1836
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