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f4J T'Ga* in the 'vBnt the Mcrt:gagors fail to pay whrn iue aa;y taxes, Ile*s, 1uj~nents, ur ~ssessm n r+„ o-r tali :o
<br />m31ri~J.n S-1surarre as her^ainbefore provided, or fal] to pay rents, fee or rhargas urler the lento., v3' ar;y ,lease,
<br />permit" license, on pni~.vlege; or Mortgagee is re[piired to'~. incur expenses Ynr abstract fees, attorney fees, costs,
<br />expenses, andbther charges In connection, with Litigation, Mortgagee may make such payment or provide snot insurance,
<br />or toter such obligation, and `he amounts paid therefor shall become a part of the indebtednes: secu.~ed P.?retry due
<br />-and payable immediately, and-shall bear interest from the date oP payment at the same rate as provided icr default
<br />in the note.
<br />(5} That Sn the event any awards are made to the Plorcgagors or their successors in interest for taking or damaglrg
<br />by the exercise o: eminent domain the whole or any part oP the mortgaged premises or any easement therein, the said
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to collect, receive, and receipt
<br />therefor and to apply the same Sn payment of arty Indebtedness, matured or unmatured, secured by this mortgage.
<br />(dy That in the event Mortgagors default in the paymont of said prlncioai sum, or oP any installment thereof, or
<br />o. arp~ interest thereon, at the time when t'ne same shall be due, or with respect to any covenant or condition nere-
<br />o', then, at the option of Mortgagee, the entire indebtedness se~~red hereby shall forthwith become due and payable,
<br />s*-gall bear interest at the default rate described in said noto, and the Mortgagee msy immediately foreclose this
<br />mortgage or pursue arty other available legal remedy.
<br />{7} That Sn the [vent action is brought to foreclose thts mort~=sqe, the Mortgagee shall be er.tltled to 1rr~ned±ate
<br />possession of the mortgaged premises, and the court may appoint a receiver to take possession ct said premises, with
<br />the usual powers cf receivers 1n like cases.
<br />(H} That failure or delay of Mortgagee to exer~lse any oS its rights or privileges ahail not be censtn[ed as a
<br />waiver thereof; t1?at arty act of Mortgagee waiving any specific default of Mortgagors shall rbt be construed as a
<br />waiver of any futcre defaults; that in case of default Sn the payment of arry amortization installments ar interest.
<br />or Sn case oI payment by Mortgagee of arty lien „ udgmen[. tax, lnsurcmce, cost or expense, or rents, fees er charges,
<br />sold Mortgagee shall have the privilege, without declaring the whole Sr,Cebtedness due and b:zyable, to foreclose bn
<br />account pf such sl;ecific default for such sums as are in default and such foreclosure proceedings may be had and
<br />the land described herein may be sc-ld, suDJect r,o the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a lien far any unpaid balance.
<br />r9} That the Mortgagee may extend and defer the maturity of and renew and reamortlze said lndebtedress, release
<br />isro[n liability any party 11aUle thereon, and release Prom the lien hereof porU ons of the property covered hereby,
<br />without, affecting the priority hereof or the llablliry of Mortgagors or any other party for the payment of said
<br />L~debtedness, all such extensions, deferments, renewal:, and reamortieatlons to be secured hereby.
<br />(:~0) Tran::fer of Security, It is agreed between the parties hereto, their heirs, legal represertetives and assigns,
<br />tt:at the integrity and responsibility of the Mortgagors cpnstitutes a par[ of the consideration for the note secured
<br />1:freny, and that to the event the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />~.,,^tKag€e ,,-°y at Sts cptibn d dare the entire indebtedness lmmedistely dye and payable and may proceed in ~~le-en-
<br />fc~rCement of Sts rlghis as oncsny other de3fault in the terms of the note and mor tgage.
<br />nisrber~ a~pasr1~isu~ine;nfetai:tva~._Lr~rtvuter geiiee~,~accar~ingf;os~ttcor*_ex>~)tr~ed ~ 'n the sirqudar or blur{
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