|
<br />79--? 007151
<br />4.
<br />additional advances, or in the event the Mortc;.3rior should sell, either outright, by land
<br />contract, by lease purchase agreements, ar oitrerwir,c:, ar title tPrereto should e~therwise
<br />become vested in persans other than the i~lorigayar; ti~en the whole indebtedness hereby
<br />secured shall thereupan ar at any time thereafter, at the option of the Association, b©come
<br />immediately due and collectible without further notice and this b'brtgage may then be tore-
<br />efosed to recover the same, with interesf therac>n, a+. 12~ $ and ail reasonable costs
<br />and .expenses of suit, includ'+ng absira:aing or title search fees. Acceptance by ,,"~lortyagee
<br />of one ar mare installment payments on the indebtedness secured hereby subsequent to any
<br />sale or change in ownership or possession of -said real estate, or any part thereof, as
<br />a:ave ~rtivided, as to which marTgagee has not ~~ranted its written consent, shall net
<br />cansti#ate a waiver of "iortgagee's option to accelerate the whole indebtedness hereby
<br />secured, which nption may be exercised by ~anrtgagae at any time. No delay or ammission of
<br />,'--mortgagee to exercise any right or option accruing open any default shat! impair any such
<br />right ar aptian, ar shall be canstrued to be a waive:- of any such default, or an acquiescence
<br />therein; and every nptian and remedy given by this '-i;rtga3e to the tlr,rtgagea may be exercised
<br />#rom time to time as often as may be deemed expedient to ~t.rtgagee.
<br />Provided further that in the event of defaul# in tr,e perfarmanec of any of the terms
<br />and eonditdons of this Alartgage, the ,ia#e secured by this +4artgage, or any other notes for
<br />addit;anai advances, on the part of the "~larfg•~3gar, t!.e Association seal! be entifiled to the
<br />i~x-•d'aate passession of fihe premises above describes, together with all the rent, revenues
<br />artd i>stbme, including any land contrast paymen's due the ",rartcagor ar any other incomes of
<br />anY type whatsoever, to be derived rf;ar=from, ar:d lad Association may, in i#s diseretinn,
<br />use the ren#s so far as it deems necessary for cha pr:rpose of making repairs upon the
<br />premises, ar~d fns the payments of insurance prx~.rium,s, ia~:es and assessments upon said
<br />3iu± #~r .....,.... ~.. Fem. ?~_,.. ,.~:. ,.. _., .;, .:-.-.-;y .,...-.~~ pr ~..•, -,..., ..';d--Cl ;°c4'f'i'1 :€::t3 --
<br />~.,~...~~, g _
<br />#t~ere#rom, and to apply onIsaid note and notes, an: agreements tar future advances, until
<br />#~ iodshtedness secured is fully paid; but s,rid A.-;>~~::;at;on shai9 in na a3se be liab}e tar
<br />tta #aidure #a prncura tenants, to callert reef>, e:r to prasecute actions to recover
<br />possession a# said premises.
<br />i=xecutetl #his 3t3th day f Octnber ; _a79 ,~
<br />nv a
<br />3'
<br />~r a yarn "-
<br />? ss:
<br />this 311th day of f?ctoiaer ,1879 , be#are rr~, a tdotary r'ub I i c i n .and #ar sal d
<br />;..!3E#t1#ys pers~sad iy C34~e tf~ a~ ve *:a~ed ~ l:. S}'1~~1r-~72~ ~~ 'l_IX~ ~. ~}'IQ~><ltl ~, 1?'_lS~s3[!~t and
<br />y~#$ tc~ s~ gal! nnawn to he tAe indznticai parsons wh4~se r~ame~
<br />~r,e afi#i~d t~ fihe abava for#gage as gfan#or sand are severai3y adknawledged the
<br />said i~#suxeen# anti the executicm tfiteereo#, to be#heir voluntary act and deed.
<br />
|