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<br />(q) That 1r. the event ttea Mortgagors fail to pay Nnen titre any C:axes, dens, ,)udgrer!ts, cr a~se:ess;r[er.tr,, or tail tc
<br />mai,-[tain. insurance as heralnbeSiare provided, er f.:ll to pair rents, Sees, or charges under the terms +'Y any ieasa,
<br />permit, license, cr privilege; or Mortgagee is required to incur expenses for abstract Lees, attorney fees, costs,
<br />expenses, anduther charges in ccnnert!on with litigation, Mortgagee may make such payment or provide such insurance,
<br />or Sneer such onl]~tion, and the amounts paid tllerefor shall become a part o7 the indebtedness secured IIereby due
<br />ar.d payable immediately, and shall bear interest from the date of payment at the same rate as provided for default
<br />in the note. ~~~
<br />(S) That Sr[ the event cry awards ar•e made to the Mortgagnrs or their successors in later est for taking or damaging
<br />by the exercise of eminent domain the whale or any part of the mortgaged premises or a[ty easement therein, the said
<br />awards are hereby assigned Lo the Mortgagee; Lha Mortgagee is hereby authorized to collect, receive, and receipt
<br />there: or and to apply the same 1n payment of any ]rdebtedness, matured or unmatured, secured by this mortgage.
<br />(~) That in the event Mortgagors default in the payment of said principal sum, or of arty installment thereof, er
<br />'of a.~y Snterest thereon, at fire time wirer. the same shall be des, or with respect to any covenant. or condition here-
<br />of, then, at the op~a on oI Martgagee, the entire Sndebtedness secured hereby shall forthwith become due and pay-ahle,
<br />shall bear Snterest at the default rate described in said note, and Lhe Mortgagee m~v inm[ediately foreclose this
<br />mortgage or pursue any other available legal remedy.
<br />(^) Tha± in the event action is brought to foreclose this mortgage, the Mortga@;ee shall be entitled co 1[nmediaLe
<br />possession of the mortgaged praml ses, and the court msy appo4 nt a race lver• Lo take posses:-Sor. cf said cremtsas, with
<br />Lha usual Bowers o' receivers In like casts,
<br />(8} Trial failure or de Lay of Mortgagee to exec+•1se say M Its rights or privileges shall not be eorstrued as a
<br />Waiver thereof; that arty act of Mortgagee waiv]rg any >Per,itis doSault of Mortgagors shall net, be construed as a
<br />waiver of any future defaults; that in case of default in the pey[rent of auiv amortizatloh installments or !merest,
<br />or Sn case of payment by Mortgagee ct aqy lien, Judgment, tux, Snsurance,cosr, ox• expense, or rents. Pees or. r_harges,
<br />said Mortgagee sh8i.1 nave the prSvl:.ege, wlthdct declaring the whole Sndabtadnass due and payable, to Sere lose on
<br />ac-count of such spaciiic default far such sums as are !n daiault ar!d such ioraclosu?•e Proceedings msy be t+ar} end
<br />the land described herein racy Ce sold, subJert, to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue es a lien fair any unpaid belanca.
<br />(P) T1iat the Mortgagee may axtand ar[d defer the maturity of and renew and reamorti•re slid Sndebtedness, release
<br />fr~n 118bility 8ny party klabla cheraoc[, [rnd release ;; the 11 en hereof portions ni the property c;overad hereby,
<br />without aftectin>* tY:e priority hereof pr Lha Lip-tbll:rr of Mortgagors or any other party for the payment of said
<br />Srdahtedness, sll uch axtensluns, pie.^ermeras, renewals-, *:nd reamortizatinns to b+= ?.<zeured hereby.
<br />(;:)) Transfer of g•^curity. IL 1s agreed between the parties hereto, Chair heirs, legal representatives ar[d assigns,
<br />that the integrity and responsihllit.y of the Mortgagors constitutes a part of the corsideratlon for the Hate saciued
<br />hereby, and that is the event the h?ortn'agors shall ::ell, transfer, or convey the property described herein, Che
<br />Mestgagaa may at is option daclarc- the entire Sndebtedness Smmadlately due and payable and may Proceed in the en-
<br />te•ceinant of Sts r^'.ghts as or. any ether de?fault Sn tt!e terms of the note and mortgage.
<br />fbvrd~s arxi pArase;y herein, irµ-{vdtng the. ackn~.+.ed rerzt hareo` shall br const~•us~3 a,.c in the sir~v.ia~r pr plural
<br />m~-°nbe:TS and as aascutine, fezznxae, ~* ner~ta* gA~r~?e~, accerds~ng ~o th+- car+axt.1
<br />/. a ,.~ .
<br />,SF.~L} ~~~~1r rG.I,~L!,llr.a% -„-(s~L)
<br />Ron~.d G Pittman
<br />(SEAL } i 1 L3',tt-.p.-..v l ~ ~ t.•vG~-+--e~.-r~.~ SfiAL }
<br />Marian K. Pittman
<br />
<br />~j ~~ ~~ 5; .
<br />st ite, parser-ally +ppe~re i R©nald G. Pittt~n ar=d i~tarian K. Pittman iius~sand and ~iie,
<br />[~
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<br />tt;t nsit~e as their =altLnta:y a.. sr:-t ._eel.
<br />MS o;,mmtssion exp1~ e ~'~~ -~ ~'- ~----- • ~' 7/',. ~ ~ ~,. __ __.. _._~
<br />1~6M11101AM-lwlbMdit type o, Li~< „am„ ~=.o»~ s+,lnA<~,P+
<br />CAI~I~iWNAf Not~ery 1°ub11r to :,n+: f+:o• :eaitl aunty rand otalee
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