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<br />(A.} That Sn Ch.e. event the Mortgagors fail "cy pay when due an,y taxes, liens, ,1udc~tents, ar as:.ess:rents, or fail to
<br />maln;ta~ln insurafrce as~ta;erelnbefore provided, or fail tas pay rents, fees, ar charges under the terms of any lease, -
<br />garmiC~', 1)censs„ ur privilege; nr Mortgagee 1s required to incur expenses for abstract Yaes, attorney tees, coats, i
<br />e;tgett9es,tufdother~Cliarges in connectlor. with 1ltigatiozh, Mortgagee may make such payment or provide ich insurance, ' `.
<br />or incur such obligation, and the amounts paid therefor shall become a part oY the indebtedness secured hereby duo
<br />and payable Snuned±ate7,y, and shall bear interest from the date of payment at tDe same rate as provided for default €
<br />in the note. - ~ ! ~'
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<br />(Sj That in the event aqy awards are made to the Mortgagors or theft suceessors to Interest for taking or damaging i '`:
<br />by the exercise of eminent domain the whole or arty part of the mortgaged premises or arty essement therein, tiro said ~ -..
<br />awards are hereby assigned to the Mortgagee; tha Mortgagee Ss hereby authorized to collect, receive, and receipt - •-
<br />therefor and to a}:ply the same in payment of e3r{y indebtedness, matured or unmaturad, secured by this mortgage. ~
<br />{8) That Sn the event Mortgagors default In the payment of Bald principal sum, or of any installment thereof, or
<br />of arty interese thereon, at the time vRten the syme shall be due, or with respect to aryy covenant or condition her>- i
<br />of, then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due snd payable, ~ -.
<br />shall bear interest at the default rate described in said note, and the Mortgagee may immediately foreclose Chis
<br />mortgage or pursue any other available legal remegy.
<br />{?) That in the event action is b: ought t.c foreclose this mortgage, the Mortgagee shall be entitled to ittm:ediate ~
<br />possession of the mortgaged premises, and the court may appoint a receiver to take possession of ssid premises,w!th ~
<br />the nsusl powers cf receivers in l±ke cases.
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<br />('4) That failure or delay cf Mortgagee t.o exercise any of its rights or privileges shall nut be construed as a j _
<br />waiver thereof; that any act of hlorigagee waiving any specific default of Mortgagors shall not be construed as a f -:
<br />waiver of at~y future dafaults; that Sn case of 3ziault In the payment of atiy amortl:.ation installments or interest, }
<br />or in case of payment by Mortgsgee of ary lieu, ?udgmant,tax, Insurance,cost or expense, or rents, foes or charges, ~
<br />said Mortgagee shall have the privllege, without declaring the whole indebtedness due and payaL•le, to foreclose on
<br />account of such specific defa~.tlt for such sums cis are Sn dofault ant such foreclosure proceedings may be had and -
<br />ttie land describes herein may De sold, suD~ect to the unpaid indebtedness hereby secured, and this tno.^tgage shall
<br />continue ors a lien for any unpaid balance. € ___
<br />(a) That the Mortgagee may extend and defer tha msturity of and renew and reamortiza said Indebtedness, release
<br />from liability any party liable therenn, and release from the lien hereof portions of the property covered hereby,
<br />without affecting Ct1e priority hereof or the 11sb111cy o7 Mortgagors or any other party Ior the pay lent of said
<br />indebtedness, a?: such extensions, deter!nents, .renewals, and reamorClzatloas t0 De Secured hereby. ~
<br />(; o) Transfer of u'-.aurity. It is ag:.•eed between the Farttes hereto, their heirs, legal representatives and assYgns, ~ ~_
<br />t1.at the integrity and resgonslD111~y et the Mortgagors ~•onstitutes a part of the consideration for Ghe rate Secured
<br />hereby, and that 'n the event the Mortgagors shall sell, transfer, or convey the ^roperty described herein, the
<br />Martga~ee may at its option declare the antlre indebtedness immediately due and payable and mS,y proceed in Eire etr-
<br />fc~rcement of Sts rights r~ an 3r1Y other default to the !arms of the note and mortgage.
<br />(.Jo7~ds and ghrase.~ hareirt,_ the{ue"_.p thz actmou.Ie3~xent hereof shat! be construed as in the! singular qr gtura; ~
<br />rt°,at ors and as ~eas~utsne, Je~tnsna, br neuter ge.de according ~o the context.}
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