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<br />made to ~.he i1orLp;agor:i ::,r the~r s'twcesr.or5-: 1:1 Intere,'Jt for tJiK:Ing or clamag1ng
<br />.,'.;hc;lE_' !)r ~-"'1.v ,;:;a.rt, f!f r.h(! mDr-t'2::1~Pd [;!.pm1sf?s n!" 3.ny e~3ement thereIn. the said
<br />3.war(_1s :lre !10:'t~by -?sslgned t.o t.he- ~crtgalO;ee: tt:e Mortgagfle 1:.:; herf!bi aur.rwrlzed to collect, reC61ve, an-d jf}CelPt
<br />~hf>r'efo!" and to :J.pply the sar:p3 in payment. or rmy Indebt9cIness, matu:r-ed or unmatured, secured ty this mortgage.
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<br />(7) Th,'!t In the event Mortgagors jet-snIt In the payment of saId prlnclpal sum, or of any installment thereot, or
<br /><)f 11.;'03' Interest thereon, :it the tlme when the .same shall be due, or w1th respect to ar-.y covenant or condition here-
<br />of, Ulen, 'it the option !)f Mortgagef', the E'nt,lre ~.~debtedness secured hereby shall forthwIth become due and payable,
<br />shall bear interest at the default rate- described in saId nate-, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue any otl'le-r available legal remedy.
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<br />(51 ThaL in the ~vent~ actlon 1s tlrou~J1t to foreclose this mortgage. the Mortgagee shall be entItled to lromedlatE!
<br />possl'.'sslon or tIle- :-nortgage(1 prem!ses. and the c(jurt may aPPQint. a receiver to tE.ke possesSion or ssld premIses, With
<br />the ~ls:ual powers or' rece!vers 1n l1kl} '~~seB.
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<br />(G) de-lay or Mortgagee to exerclse any of its rights or privileges shall not be construed_-as a
<br />waiver ~ny :let of r-1c,rtgagee wRlvlnp.; any spee~f1~ ~1era.ult of Mortgagors shall not be construed:-as a
<br />walver ~eraults: thEl.t In ~~a:'::.e of 1.efault in t.he pllYlTiBnt of any amortizatlon tnstallments or'lnte-rest,.
<br />or- in case r.'aym-ent. 'by MGrtgrl~ee of riny :Uen, judgment. tax, Insurance, cost cr expense, or :-ents, tees or-charges-~
<br />sald !.icrtgage-e E:tIa.ll [laVe the Dr! vllege) 1'"1 thout. ',lee 13.r Lng the whole tndebt-edne9s due and payable. to foreclose' o-n
<br />account (Jr ;::uCh specif1c defaulr, for .suetl 2um3 ~3 are tn default :l.nd such foreclosure proceedIngs may be had and
<br />t.he l.and des.cr-lbed herein soLi, subject t.G the lmpaid !ndebtedness nereby secured, .and thIs mortgage _'shall
<br />~::cntlm:e ciS'. ~ lien fer i':.f'N ;)a}i1nce,
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<br />8.m1 defer trHO! maturity of and renew a.nd reamortlze_ sa1:ct indebtedness-. -releas~
<br /><i,nfj release from the lien hereof portions Of- the property covered'hereby-,
<br />the It-1.bll ley of !'!orrgagors Dr any other party for the payment'- ot- -S-8:1d
<br />~enewal.s. and reamort!zat tons to be secured hereby ~
<br />
<br />~he parties l1er8!:o, Lhel-,;' HeIrs, legal y-epre.sentatlves _a.q,d 8l3S1gn~rJ'
<br />Mortgagors constitutes a part ot the consideration for the' not-e- seeur:ad-'
<br />SI1Cl.ll sell, transfer. or convey the property-'-descrlbed -he:reln:1" th~
<br />1~119bte-dness lrnmecHately due and payable and may proceed' -1n--the:,'-en~'
<br />in the terms of the note and mortgage.
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<br />herl?by transfer--. set over. and CQ'nvey to' M.or-tg-ag_ee"- all,
<br />t1me ..--., t. -'TIe be-corle due and payable- under. anY 'o~1"~_ gti$";:-
<br />h,:,r; -t:~-t,;: ~ome into Co":'..lStence, coverlng"tpB ,above-"UlIld.
<br />tHe: ar:-lled i:c- ;~i1t? lndebtedness se-eured:,tier:-ebt; ._,:op:
<br />~)');t::-;agG1. s or :..helr successors --lU'-lntereSti;','any,Q:'(' 3i1:~';
<br />I~~ !'tgtl.l..'; take a.nd. retain future sums. --t4'1:d-_w-lthOUt-,--p~JtldJc_Eh
<br />The ~,ral1.3fer ,"ind conveyance hereunder to M'O-rtgagee '-of__sanl. _!,en'ts".~
<br />-const:-'Jed to be Ei. prov1s1on for tIH! payment or, reduction or_--th.~___mo-r,t,i'~'J,'
<br />'J':; Ile-relnbefore provided, independent or the mortgag-e:'llen--ou-,:sald--realo_
<br />ceot ["rid ttle- ~€'.1ea.3e of thls mortgage or record_.- this 'conveyanc€',-Sna!l
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<br />____E.!.~_.~~~Il__OJ...s-".n_.~sLg;g~.~_I.. Olsen. wife and husband.
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<br />~;ot,ary !llbl1s in and tor said County arid
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<br />KATHlEENA M, BAAER
<br />My Comm. ~ July ~, 19115
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