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<br />5} That int_heaventanyawardsaremadetothePllortgagorsorihairsuccassorsininters:stfortakingordamagingbythe
<br />exercise of eminent domain the whale or any part of the mortgaged premises or any easement thereto, the said awards
<br />are hereby assigned to the M ortgagee;the Mortgagee is hereby authorized to catieci, receive, and receipt therefor and to
<br />apply the same in payment of any indebtedness, matured ar unmatured, secured by taxis mortgage.
<br />{&) That in the event liftortgagors default in ihe payment of said prineipai sum, or of any installment thereof, ar of any
<br />i€iterest thereon, at the xime Wihen the same she{- be due, or with respect to any covenant ar condition hereof, then,at the
<br />Qntion of Morts~a9se, the entire indebtedness secured hereby sha)f forihwixh become due and payable, she{- bear interest
<br />a# af:e sate of nine.percent per annum, and-ihe Mortgages may immediately farectose this mortgage or pursusany other
<br />avai{able-legal remedy.
<br />{7} That in the event action is brouoht to foreclose this mortgage. the Mortgagee she-1 be entitled to immediate
<br />possession of the morigage~ premises, and the court may appoinx a receiver to take possession of said premises, with
<br />the usua{ powers of receivers in like cases.
<br />{$1 Thai fa7ure ar delay of Mortgagee to exercise any of ixs €ights or privi{ages shat{ not be construed-as a waiver
<br />thereof• that any act of Mortgagee waiving any specific d~fauFt of Mortgagors she-- not be construed as a vuaiver of any
<br />fufura defaults; that {n case a# default in the payment of any amortization instatiments ar interest, grin case ofpaymetrt
<br />#y ~,9art:#agae of any lien: judgment, tax, insurance, costar expense, ar rents, fees or charges, said Mortgagee she-l have
<br />ihu-pri~ilsgs, vasthtsuf det:laritx#} the whole indebtedness doe and payable, to forecFose on account of suefr sped#ic
<br />default for such sums as are in default and such foreclosure proceedings may be had and the land described herein may
<br />w ,.;rld, ~b~.., to the unpaid indebtedness h~:evy~e::ursd. and t.`.is m:, :gags she-- continue as a -:en far-any ixnpeid
<br />batarice.
<br />{9# That the Mortgages may extend. and defer the maturity of and renew and reamortsze sait- indebtedness, release
<br />from lialaili*y arty party liable t-xereon, and release from the lien herea# portions of the property covored hereby, without
<br />affecting xhe priority hereof ar the liability of Mortgagors ar any other party for the payment o€ said indebtedness, all
<br />such extensions, deferments, renewals, anr; reamortizatians €a be secured hereby.
<br />{t 0) Transfer of Security. tt is agreed between the parties hereto, thcsdr heirs, legal representatives and assigns, that ihe
<br />integrity and responsibility of the Mortgagors constitutes a part of ihe cansideratian for the note secured hereby, and
<br />tftat in the event the Mortgagors shai6 sett, transfer, or convty the property described herein, the llflortgages may at its
<br />option declare the entire indebtedness immediately due and payable and may proceed in the enforcement of ifs rights as
<br />or. any ofhar default in the tarrns of ihe note and mortgage.
<br />{Wordsand phrases herein, including the acknowledgtttent f+prsof, shad be construed as in the singular or plural numbers
<br />and as masculine, feminine, or neuter gender, according to the context-}
<br />i
<br />X~ • ~ ~~~y ``1 '.
<br />{SEAi.} (iat"y J~~ ` °-' {SEA!_)
<br />_ o
<br />{ScAI}~`X_F ~i,;~-~2 - ~.~€t'~~~~..flZ:(f.~".~ {SEAL1
<br />Linda Sue Johnson
<br />STATE QF _~ +-~`~°
<br />ss.
<br />CDiJNTY 4f f~u J=am _ 4
<br />r,
<br />9n this _ ~*~ day of _ ~i~z-+=~f'• •'~"~ '~' , A. D., 79 ~~', before me, a Notary Fubhc in and for said County and
<br />State,persana-tyappeared 6a~Johnson and Linda Sue Johnson ~-
<br />} to me known to bs the persons named in and svho executed the forsgodng instrument, and acknowledged tfsat 4hey
<br />axecut8d Sha,,,,~,m~...~_~-=~-=~t and deed.
<br />C 3uaii~ E Foal r;s:Y ~clal'.c - - I"%
<br />My eomission Expir=~~ _~~,..~ - _ :~•._~=-`-'"~'- ~~__L L~-tt.~
<br />Gcesntg C f _y.4 ~ -,
<br />f Ccrban ~~'" _ ~~ '3r'ye ii:~
<br />Notary public in and for said County and State
<br />-~YGs„m,{a:i ~ fz~rP~ CcL 1.1332 ~ tt
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