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<br /> - : t�iy �the exereise2ofVenlne i � domat�n he NholoLorLpe Hortgagors cr che±r successors !n Snterest for t2king or demaging � � �
<br /> � ..[1y yert of th. mortgegetl premises or any easement therein , :he eaitl �
<br /> � � awaz•ds are hereby esslgned Lo Shs Hortg2qee; tY,e Mortgagee - ls hNretiy authorized Lo collect , receive , znd re�eipt �
<br /> � �� th?refor and to zpply the saJae Sr payment � oT any SnCeb[eMess , natured or mvr,aCured , secured by this rt:ortgage . �
<br /> � !;. � ( 7) That� in Che .even�� Mortgagors tlefault !n the payment ot � s3ld princlpal suc, , � pr of� 2ny Sr.scallment thereof , or
<br /> ' ���. of ��.ryy lnterest thereon , at �. tha time v+hen the seme � shali be �Que , or xith respect to . any covenant or condltlon � here- �
<br /> �� � i � oi, �� then ,: at: the optien o1 �-Mortgeree , Che entlre� llt4?bCBdR?5S securetl hereby. sh�ll forthwlth become due an� payable
<br /> - . �+ shall bear .- Snteresc at the detault rate described . ln sa14 note , and Cho . Hort�agee � may immetliately foreclose this �
<br /> r' - � - �� � mortgage or pursue . any � other -avallable � legal remeQy . . � . � , � . � . . . . . . . .
<br /> � . ` ,� { 6 ) TTtat:�ln -the eveni� actlon Ss brou3ht� to 3oreclose th75 � mortgage ; the � riortgagee shall De�. entltled � to � lm.medlate � V
<br /> � �{ - posse�sion of. the mortg�ad _ P�emises , � 2nd the court may appoint � a � recelver to [a�:e posses�lon of : salQ �DraTSses ,� wlth �, ,;
<br /> ' � the usaal p�wers of reeeivers�� Sn like cases .� . � � � � � � � ' � � � . � ,
<br /> . ,3 {�gj. That .tallur= � cr . delay �of Mortgagee � to exerclse any of Sts rights or � pr3vileges . shall not � De . construed �as a
<br /> . '� walver tbereot ;. th3t arly acG of MorLgagea �. walving�. a[:y spec3tic default � o: Hortgagors �shall not be : construed � as a � '
<br /> �c � x•aiver. oi : eny future defaults; that ia . cese of detauit Sn the payment. � ot � any ar.rorC12at1on. Installmancs or. interest
<br /> t i � S� �:�� or �ln case of � PBYR�eat � DY . Nortgagee of � en;�� 1len , �udgr.;ant,� tax, insuranee , cose or expense , � or rencs , . tees or � r.harges , � �
<br /> � � . ; � � sald NorCgegee shall have�� the prl��ilege , . witheut . decl�ing the w�hole Indebtedness due end psyable ,� to - fareclose on
<br /> •� .� accnuat of :sucn . sp?c1lSc �delaulc Sor - such scros as are � Sn deSault� and such Ioreclosure � proceedSngs may � pe had - and
<br /> _ ° � �the ?antl � deserlbea hereln �n�y.. be so1G , sublect to the unpald Sndebte�ness nereDy secured , and Ch1s mort3age .. sha?1
<br /> � �� - � � � contlnue � as a 21en � ior aziy ur.paid bel2nce . . � . � � -
<br /> ! � � ; . {10) � �",'hat L1e � Nortgagee r�ay extentl and defer . t¢e naturity of and renew and rear.;ortiz? . safd ]ndebtedaese , release ��
<br /> � . Srom i1ebS11ty any party. . 11zble . thzreon �, :nd � release iro:� the llen . hereof Fortlons of the � property covered hereby , �
<br /> � � wlthou[ . affecr, Ing �[he - prlerity� hereof or thz liabSllty ot ,�o:tgagors o: aay other party for . the payment of said � �
<br /> ir.Ce�tedness ,�� all � such extenslons , defer,�.=nts , renewals , and re��ortS :aticns [0 6e securetl : hereby . . . �
<br /> '` � � � �{ 11 ) � T;ensier. af Security. It � 1s e�eed b?tr:een [he partSes �hereto , Che1r helrs , legal representatives anA 2ss1g1s ,
<br /> that tha 1^tegrity end respor.siL111ty of tYe Hertgsgors constitutes a perr of the conslderatlon for the note ^ecured � �
<br /> � ereDy , and .that 1n Lh> event the Mor:gzgcrs _.^.ell sell , transfer, or convey the proPerty descrlbed �hereln ,� the � ., �
<br /> : Mortg°gee , msy at ; ts eF2±on� d2clsre the enti^� lndebtedness i.^.mediately due anA pay�le and may proceea � ln [he en- � .
<br /> . � Sorce*znt of 1 � � ri „hts as or. 2:Iy Oth2!' . d?:8ult 1❑ LbB ter�ns o1 the note and mortgage . .
<br /> � � ( 12 ) t,ssi��m, ent. ef p:cceeCs of 1",Sneral� LeYse Yortgagors h=reby trsnster , set over ,� snd r_onvey to Hortgagee � all i ,
<br /> ' � . re.^.ts , � royaltie., , . bcnuses , 2nC Qelep money� �h� t r.ay trem c ±;e to tlne beccr? due ar.a pay�?e untler e.�y oil , :pas , �
<br /> or cthzr :�±nerel la�se of eny f:nd now ex?st�ne o t�at mzy herzeicer ro^:�e Into er.Sstence , :overing the above� land � �
<br /> } cr r.y pert tLe e t . �ll �cc h surs r � � �c�+ b, 07• e3gB2 Stic?? �e �pplied to che !naebteciness secured hereby; or I
<br /> _ � said N.orcgegee m �y sC SCs c;�: ton turn �over �!�' ' � . . z . o [he Herr,gagors a: � [Ye_r successcrs 7n Snterest , e.:, c.-_ all ; I'
<br /> ' � ^I such si:r,s wlchaut preludlce LO �} � ! Y.�r ��3yeP � 5� I'.g.r2� LO Ld$2 ead reta;n _uture Sll"IS , 3i1d ivithout pre?uQ1ce � ;
<br /> , } to =ay .of . i�s n:her rightc . un^_er a1 � ,o. tgage . ?n= trznsf=_.^ a^.d conveyance h=recnGer co Hortgagee of saltl rents , ! � �
<br /> ., � :cy�il len Dor�uses , � nrA � ?el3y neneps shail be cn:struea to �e a prcvlsian _Tor ehe puyr,ent or reductlon ef th.e mort- ! ���: � �
<br /> �� �.3e aabt �uDJectto the tiort�a�ee � s o*, CSon a. � terelnbefere prcvlded , ;nCepen^_ent c! [he mor[gege- lien on sald real �
<br /> � estste . L'p�n ;. ay;�ent Sn f�i21 ��f t?�e �nr.-c".uBe dett . �tl t:ie rel=2se ot thls mor±F,age � of record , thts :onveyance �shall � -
<br /> � heco^z ±nc,^era[!ve ar.d et no 'urt.^.e. f.,rce ar,d effect .
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