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<br />ad dit 10lla I advances ,or I n the event the Mortgagor shou I d se I I, ei ther ouklght,byla~d
<br />contract, by lease purchase agreements , orotherw i se, or title thereto shoulcJ~th(,jrwFse
<br />lJj')colll8 vestedi~personsother than the. Mortgagor; then the whole indebtednessher(,jby..
<br />sei:~redShalltnere~pon or at any time thereafter, at theoptionotYl~Ass09iat.iOI);b
<br />Irlline~iatelydue qnd collectible without fur.ther notl ceandt teiaMortgagemaytn~n.bE!.
<br />closecitbSecover. the same, with Interest thereon, at all.,sngt~<% andallre",son(11bl~.c
<br />a'Q'd<e'!pehsesof. suit,.. including abstracting or tltle.seatchfees.AcceptancebY'f*)n
<br />otoneormoreirrsta Ilmentpayments . on. the indebtedness secur<9dher<9by . sUbsequElf\~.to'
<br />sale.orch~ngetnownershi porpossess i on of said real estate, or anypart.tJier<38 ... .....
<br />abOveprovidea, as to which mortgagee has not. granted its written consent, s~atl[iot...>)
<br />constituteawa I verof Mortgagee's opti on to acce lerate thewhol e Indebte<lnesshe:r~qy,.'
<br />sectjred, which option may be exercised by Mortgagee. at anytime; Node'ay or?inm,issiPl1ofc
<br />.Mori'gageeto.exercise any rl ght or option accrui ng upon any defau ItsnaILimPi3i.rany!O,uc:h
<br />right or optlon,or shall be construed to be awa I verof any suchdetaylt;oran acqui:els
<br />therein; and every opti on and remedy given by th i s Mortgage to the Mor:tgagee.may be exerci
<br />fromtiml'lto time as often as may be deemed expedient to Mortgagee.
<br />provi ded further that I n the event of defau I l' I n theperformanceofanyotthet~l"ll1s
<br />and condit ions of th i s Mortgage, the Note secured by. th; sMortgage, or any other notes}or
<br />additional advances, on the part of the Mortgagor, the Association shall be entitlecJ to:t.l\e
<br />immediate possess ion of the premises above descrl bed, together with a /I the rent; re\!eJ:fu~s.
<br />and income, including any land contract payments due the Mortgagor or anyotherlncQmest~f
<br />any type whatsoever, to be derived therefrom, and said Association may, in itsdlscrei;.ion
<br />use the rents so far as it deems necessa ry for the purpose of mak I ng Tepa Irs upOllthe.
<br />premises, and tor the payments of Insurance p reml ums, taxes and assessments upon ",aTd
<br />premises, and for necessary expenses incurred in renting said premlsesandcollectlf)g rents.
<br />therefrom, and to apply on said note and notes and agreements for futureadvances,un'til
<br />. the indebt!3dness secured Is fully paid; but said Association shall in no case be I iabletor
<br />the failure to procure tenants, tocol lect rents, or to prosecute actions to recover
<br />possession of said premises.
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<br />EXecuted th I s
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<br />6th day of
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<br />ss:
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<br />On th.is 6th day of October ,19 8;J before me, a Notary Publ ic In and for said
<br />County, personally came the above named -JOHN PREISENDORF, JR.
<br />to me we I I known to be the i nclent I ca.1 person . whose name
<br />is . atHxecl to the above Mortgage as grantor_and ~severa Ily acknowTedged the -
<br />said Instrument and the executi on thereof, to be his vol untary act and deed.
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<br />WITNESS my hand .and Notarial Seal, the day and year last above written.
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<br />Jf.t--- ~.~~\
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<br />5~ , 19B?
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