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(4) Thal in the evet;t the Mortgagors Sall to pay when due any taxes, lien:, ~uGCments, or assessments, cr fail to
<br />main fain insurance as here inbefore provided, or fall to pay rents, fees, or charges under the terms o_* any lease,
<br />permit, license, or privilege; or Mortgagee is required to incur expenses for abstract fees, attorney Tees, costs,
<br />expenses, and other charges in connection with 1l tigatloa, Mortgagee may make such payment or Provide such insurance,
<br />or incur ouch obli gatl or„ and the amounts paid therefor shall become a part of the Sn debtedness secured hereby due
<br />and payable Immediately, and shall bear interest from the date o1 payment at the same rate as provl ded for default
<br />in the note.
<br />(5) That Sn the event any awards are made Lo the Mertgagors or their successors in interest for tak Sag or damaging
<br />by the exercise of eminent domain Lhe whole or -r.,7 Gart of the mortgaged premises or aqy easement therein, the said
<br />awards are hereby assigned to the M,artgagee; the. Martgagee is hereby authorized to collect, receive, and receipt
<br />therefor and to apply the same Sn payment o` ar,y Indebtedness, matured or unmatured, secured Dy this mortgage.
<br />(6) That In the event Mortgagors default in the Payment of said prlncip al sum, ar of any Snstallmeat thereof, or
<br />'of arty interest thereon, at the time when the s~^e shall be doe, or wi±h respect to any covenant ar randltion here-
<br />of, then, at Lhe option of Mortgagee, the entire L+.det;tedneas secureG hereby shall forthwith become due and payable,
<br />shall bear interest at the default rate described Sr. Bald note, and the Mortgagee may immediate LY foraciose this
<br />mortgage or pursue any other available legal remedy.
<br />(^) That in the event action. 1s DrouKht to foreclose this mortgage, the Mortgagee shall be entitled to imJnedlate
<br />passessian o2 the mortgaged premises, ar,G the court may appoint a ,eaelver to cake possession of said premises, with
<br />Lhe usual hewers of receivers ir, like cases.
<br />(8) That failure or delay of Martgagee [a exercise any of :ts rights or nrivlleges shall not De construed as 3
<br />waiver thereof; that arty act of Mortgagee wslvlnr any specific default of Mertgagors shall not be construed as a
<br />waiver of any furor? defaults; that in case o; Gefault 1:: 1.he Payment of ar;; amcrt±zatlon Shstallme.^.ts or Interest,
<br />or lr, case of FayRnent Dy Mortgagee o2 arly ;.Sen., ~udgmen t., tax, insurance,cost cr exi;ens?, or rents, tees or charges,
<br />said Mortgagee shall have the privilege, withcu*_ declaring the whole S AeDtedness due and paysb le, to foreclase or.
<br />aceo uit of such spec121c default for such sums as are to d fault and such foreclosure proceedings may be had and
<br />the land described h=rein may De sold, subject to the unpaid S: debteG.^.ess hereby secured, and this mortgage shall
<br />continue as a lien fir arty unpaid balance.
<br />(g} That the Mortgagee may extend ar.C defer the maturity o2 anG ^> r: anG reamortize said indebtedness, release
<br />from liability any party liable *_hereon, and release fram the lien hereaf portions of the Froperty covered hereby,
<br />without affectsrg the priority hereo2 or the 11abi1Sty o2 Montgagors or cry other party Pon t?;e payment of saitl
<br />indebtedness, all such extensions, deSe^ents, renewals, a_,~ reamortizations to be s=_cured hereby.
<br />(J C) Transfer o'_' Security. It is a¢reed between the Parties hereto, their heirs, legal representatives and assiigis,
<br />that the integrity and responsibility of the Mortgagors acnstltutes a part of the aonsld?ration for the note secured
<br />hereby, and that Sn the event the Mertgagors shall sell, Lr chafer, cr convey the property described herein, the
<br />Mer*.gagee may at Sts apti as decl se Lhe entire ;..^.deD redress immediately due and payable and may proceed in the en-
<br />forcement. ct Sts rights ac on aqy othpper default in the terms cf t.*.e note and mortgage.
<br />{lyp*ds an,^.'. phrases he_rein,f`~ir~e,ni}r~neuter~~rd2~~c±ordirg'$csy~t~net[%oGS'h;ted as .., the sin.~ular or gturat
<br />numbers aid as mascu tone, _
<br />1
<br />(SEALI /"""'-~-c'~!,. ~`~ ry--z..._--. (SEAL)
<br />;, ..-, Ka~+e~. Doane
<br />,SEAL) ! 1l k~ i r },-~°~ '~ ~ ` `°'~'; (SEAL)
<br />fat ryn J. Doane
<br />(SEAL)
<br />(SEALI
<br />f (SEAL) (SEAL)
<br />STATE ~c /;'t~`~.llt'~-~-'~
<br />~~ ~ sS.
<br />'!.=~i,
<br /><'~n,4iTY CP -1 - ,
<br />TiJ ~~ ~~~ /~3,
<br />3: this -~ day of ~~~f / „_„ 19! 1. D2'o__ ...-. ,..,. sry ^_*bl is !n isd :cr ss1^ rc,:r ty ar!d
<br />f~ Kaye I. Doane and Cathryn J. Doane, husband and wife,
<br />St=-_e, per€c.na'ly apPe_.__
<br />Lc m_ X~awntaDe L e Parsons naed Sn a... w*t >xe,^;;t=~J t... _tre8-t-1^.. 1..__.4.._.... ~*!rsr_k.^.o;;:?n5~or .*at they exe~~u*e"
<br />tT;e sa,+ne 3'. the _. vpilln-.any _t_ _.._ _.._...
<br />T*,y ca~.^.issicn expires
<br />9FIUt ttTH1-ton • t~lt~
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