HomeMy WebLinkAbout1868
- +
.r.
r
i
fj.
E
4
1 ~
and of this Mortgage governing-the manner, notice, and f
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 rights 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 Mortg agee may
demand, sue for and recover any such payments, but shall
not be required so to do.
~f
f
18. That without affecting the liability of any ~
other person liable for the payment of any obligation ~
therein mentior..ed, 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
all 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, Ir
release or reconvey, or. cause to be release or reconveyed ;p
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 j
secured hereby, it may enforce the sale thereof or other- y
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 right to declare 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
_ C
- f
8
(iK J1~ P~F~~
BtfuK •
-