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008870
<br />11. The. Mortgagee may-collect•a:"late.charge":not to exceed -four
<br />cents ('..04) for'each dollar ($1.00) -of each total monthly payment more
<br />than fifteen (15) days in arrears to cover the:extra,expense:involved
<br />in handling delinquent accounts.
<br />12. If the?,Mortgagor shall.sell`, convey q -r alienate said prop-
<br />erty, or any part thereof, or any interest therein,:or shall b6�Ai
<br />vested of.its title, or any interest therein, in;any-:manner or way,.
<br />whether voluntarily or involuntarily;,without written consent`of'Mort=
<br />gagee being. first had and obtained, Mortgagee shall have the.right, at.
<br />its option, to declare any indebtedness or obligations secured hereby,.
<br />irrespective of the maturity date' specified in any note or other',instru
<br />ment evidencing -the same, immediately due and payable without notice,
<br />and said debt shall thereupon become'absolute:� if the ownership'of -the
<br />property becomes;,vested in a person other than Mortgagor, the Mortgagee
<br />may, without notice to the Mortgagor, deal with'such'successor or -.suc-
<br />cessors in interest with reference to this Mor-tgage,and the debt hereby
<br />secured as with the Mortgagor, and may forebear.-i'to sueor may extend`
<br />time for the payment of the debt"hereby securedwithout discharging, or
<br />in any way, affecting the liability of the .orignal'Mortgagor hereunder
<br />or upon the .debt secured.
<br />13. Mortgagee shall'be•subrogated to all of the rights, privileges,.
<br />priorities', and equities of any lienholder whosq:lien may have been dis
<br />charged from the `. proceeds .of• the loan or by. any ifunds hereafter paid or.
<br />furnished by Mortgagee.
<br />14. All payments made under the provisions of.this Mortgage_or
<br />the note.or other instruments.hereby secured,.which'may be construed,.as
<br />interest, shall not, in the aggregate over the''term thereof,, exceed the
<br />rate.that may now be lawfully contracted for in`,writing,
<br />15. Failure of Mortgagee from time to timd;or at'any time.to.ex-
<br />ercise any of its rights hereunder shall not constitute a waiver of the
<br />right to exercise the same at a later.or other'time.,
<br />I�
<br />16. Appraisement waived. j
<br />17. Invalidation of'any one portion of this instrument by.a judg-
<br />ment or, court order shall in.no wise affect any;other°provisions,�.which
<br />shall remain in full force -and effect:
<br />18. In this instrument, the singular and the plural include each
<br />other and :the masculine., feminine and neuter include ;each other`; 'and
<br />:this instrument shall be binding upon the undersigned;; its heirs, per
<br />sonal representatives, successors and assigns.,
<br />IN WITNESS WHEREOF, the.Mortgagor.has caused 'these presents to be
<br />:signed by its Vice -President and its corporate'. seal' to; be hereunto. af-
<br />° f ixed the day::, and year- first
<br />above written.
<br />(SEAL) C -W ENTERP,.RISES INC.
<br />i
<br />C - 'i
<br />AT'TES`T' By:
<br />Vice P_r 6-8 ident
<br />f•
<br />'STATE' OF Missouri )
<br />COUNTY OF St. Louis ) SS
<br />On 'this lst day ' of August , 1975 ; 'before me, the
<br />undersigned,. a, notary public; in and for said County, -,personally came
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