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Cal I'61"I M Of Ali. in event of any cisfaulf'harein by Mortgagors Mortgagee may. at 'the, ape ise of Mortgagors: �/eeuesa�abatraet of_t;tle nr r oetinustieafhenaf for'said oretni- end- _Chargtt and_. add, to the mort a •debt the Solt of such abstract or -- - _ •- - ttgst- iI h jis wifb- a'�iris� upon such fxpensi�i thi h;ghi'sf tigat- sap rca a — — - than of ifii default rate provided is then mats secured hereby. y, AWwA&IM OMqqM tip fI1OSTiAiEE. It is �cprassly understood end agreed that if the insurance •above provided for. is ` . not prornptly s%ded. emif the taxes, or special assessments ,assessed against said property shalt become delinquent, Mortgagee (whether i ' f o1wing to declare the whole mortgage due and collectible or not). may ("but need not) effect the insurance above provided for, and need "- net, but may'and is hereby, authorized to pay said taxes and special assessments (irregularities in the levy or assessment of said taxes bean momotyr wa'rvedl.-and -all such payments -with wemt-than)on at the highest legal rate`applieable to a natural person (or. if "the Mort ' gsgor is a corpoat'on, then at the default rate provided it.- the note secured here*) from time of payment shall be a lien against said 7. ACCUMTION Of MATURITY AHM MWE V11111 IIf: And it is agreed that if default shalt be made in the payment of said note. _ or -any pert pf the interest thueon. or any` other advance or obligation which may be secured hereby or,any agreed protective disbursement, " insor3Me repairs, or if Mortgagors shall suffer or commit waste on or to sold security, or if there ` i such as togas. spwo.at assessments. and chaps be a failure to comply with any and every condition of this tnortgage, then. at the option of the Mortgagee. said note end the whole 4 . of "the irrdAiedness- secured by this mortgage:" including all payments-for taxes.. assessments or Wurance premiums. shall become due and ' shall become collectible at once by foredosure or otherwise after such default or failures and without notice of broken conditions- and at any time offer the commencement of an action in foreclosure: or durinq the period of redemption, the court having jurisdiction of the use shall, at the request of the Mortgagee appoint a .receiver to toke immediate possession of said property. and of the rants and profits accruing• therefrom, and to rent or cultivate the same as he may deem best for the interest of all parties concerned, and shall be liAte - to account to said Mortgagors onitt for `the net profits. -after application of rants, issues and profits upon the costs and expenses of the receivership arid foreclosure and the 'indobtednsss: charges and expenses hereby. secured and herein mentioned. And ,;t is hereby - `agreed. !hd•efter any default in the payment of either principal or interest such sums in default secured by this mortgage shall' draw in- _ 1 serest at the highest legal rate applicable to a natural person; or if the Mortgcgor is a corporation than at the default rate' provided in " 8. DOINITIOt1'OF TEnUS. Unless otherwise expressly. stated, the word "Mortgagors'. as used herein, includes successors in interest ♦% ` . ' •' of'such "Mortgagors'; the word Mortgdgee ". as used herein, unless otherwise expressly stated inciudes the successors in interest' of such ; "Mortgages ., All words referring to "Mortgagors' or "Mortgagee" shall be construed to be of the appropriate gender and nurnber. j according to the context.. THs construction shall include the acknowledgment hereof. 9. The "address, of the MertIglae is 508 Main Street, Sac City, Iowa 50583 i (Street and Number) (City) estate) (Zip Code) (see has sentence of section 447.9 Code of lows.) 10. ADDITIONAL FROVISiOVIL The following additional provisions are hereby incorporated herein: ilrats�tOdMpte or doe states If desired)'?. The pr :rcipa) obligation herein, the one promissory note above referred to is payable : Lu U an September 1. 1990,end £ 200:00 on firs-t day nf each GLcceeding tdonth. IN WITNESS WHEREOiF/ "said Mortgagors have hereunto fi et their hands th day and year first above written, orge el none umm IMRASKA, M n /KIN print STATE OF HAIL COUNTY. ss: 1"'"' :� On s�p On this day of August , A. D. 19--Z---. before me, the undersigned. a Notary e� M- Public in and for the State of Iowa, personally appeared_ Hummel and Donna Hummel, cede �. , . ; husband and wife, to me known to be the identical persons named in and who executed the foregoing instrument, and acknowledged that ecuted the same as their voluntary act and deed. JON A. fIEALU GENERAL N Mali.. � •'l�Co.� Note Public in and for said County and State STATE OF NKA so,ty a no fa contemplated with the lips of this mrortaate form. �� eCONSI LI ARONS. If thin ica c"110afra • feet farm frannaodiae (eeer lee loan). cenlfer the obtsabilify ei s ekbe the maturity date w a in "WRME"wk a matter of pablic rater/ by isiarifes to thb nlMfeete. See two Load Tiffs baemineflas Stesdards. tnsMum 10.4 and M, �. a o a ~ °' e9i • �a �. v. O - 8 v � aG - - r• - i a m Q 00 '