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<br />79- p~6'7~4
<br />4.
<br />additional advances, or in the event the Mortgagor should sell, either outright, by land
<br />contract, by lease purchase agreements, or otherwise, or title thereto should otherwise
<br />be;'~ame vested in persons other than the Mortgagor; then the whole indeb#edness hereby
<br />secured shall thereupon or at any time thereafter, at the option of the Association, become
<br />immediately due and collectible without further notice and this i•lortgage may then be fore-
<br />ctosati to recover the same, with interest therean, at !1 °a and all reasonable costs
<br />and gxpenses of suit, including abstracting or title search fees. Acceptance by Mortgagee
<br />oT-azn? ar mare installment ;,ayments on tie lndetrtedness secured hereby subsequent to any
<br />sale or change in ownership or possession of said real estate, or any part thereof, as
<br />alaave provided, as to which mortgagee has not granted its written consent, shall not
<br />ca.^,stffute a waiver at l~#cirtgagee's option to accelerate the whole indebtedness hereby
<br />secured, which option may 6e exercised by l~Sortgagee at any time. Na delay or ornmission of
<br />•for#gaoee tt> exercise any rioht ar option accruing upon any default shall impair any such
<br />right or optian, or` shat! be construed to b2 a waiver o= any such default, or an acquiescence
<br />therein; and every option and remedy given ey this Mortgage to the kbrtgagee may be exercised
<br />~r:~r+ time to time as often as may be deemed expedient to Mortgagee.
<br />Pravided further that in the event of de#autt in the performance of any a# the terms
<br />4~d ronditions of this A#ertgage, the Nate secured by this Mortgage, or any other hates far
<br />additional advances, an the part of the klortgagor, the Association shall be entitled to the
<br />=mediate possession of the premises above described, together with all the rent, revenues
<br />and ink, including any land contract pay^~ents due the h'grtgac~or or any other incomes of
<br />any types whatsaever, #o be derived there#rom, and said Association may, in its discretion,
<br />sa tie.rents sa far as. it deems necessary for the purpose of '7a*cing repairs upan the
<br />premises, and for the payments of insurance premiums, taxes and assessments upon-said
<br />oremises, and far necessary expenses incurred in renting said premises and collecting rents
<br />.Here#r~, and to apply on said Hate and notes and agreements for future advances, until
<br />±ra indebtedness secured is fully paid; but said Association shall in no case be Fable for
<br />*.13e failure to procure tenants, to called rents, or to prosecute actions to recover
<br />}=-vssessirxa of safe premises_
<br />Exaouted this t~thday of t~cTober 1979 .
<br />~ s d? .s~,.-~.~
<br />r ia. Wolfe
<br />cs.
<br />dit Wol
<br />. ~i. r
<br />A r i~3r 9+~3F.3~sKA l
<br />ss.
<br />~~„TY ~F HALL )
<br />Ur tf±i s 1 btipay oaf Octabar , l'3 79, before me, a No#ary "r°':.;b t i c i n and for sa i d
<br />~aucat^y, perso.~ally sake ?tam abo+re named EARL D_ W#3LFE AhID J1H3lTN A. W~LfE husband and wife
<br />Aim i.YLE A. E15liER, unmarried To me well known to be the indentfcal perstxrs whose names
<br />are a{t i xeil to the above ~ksrtgatse as grantors and are severe l l y aditnad! edged the
<br />~sa3d instr~ent and the exesu#i on tt~reaf, to hefi#roeir voluntary eat and deed.
<br />Wlsi~~5 mY ±tanil .and flatardal i~eai, the day and year }asf abava writ#en.
<br />Notary ?4~filis
<br />"r 14 3'j .
<br />-zi55is-~.a~ires tar t#~a ~G`~ day afi t1 Lc>.s.,
<br />~~~lanr~~~I~
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