|
4.
<br />a ci r~ a u>r~l d ~,dv
<br />' ~ arl cis ,~r t ~ i : ra e v* Yt t rrir ~~.s t I ri r o I rtl , [ i , I 7 .'~ ,i, r .~r: t . y I ~rl 0~3
<br />~itss 4~:.f i,ay-Ias<t3t. pro"-h r.;~: <:rnlrc.t.r.r.::nC.., ~. .,Ytis:. v.€ r,,, r,rr" it I @,,; I ,i,rt i::u Fi ,u~'j .II c~r'.,rl ,.
<br />i;cccrr~ vest;d in persons other' than the (-iv:-*gagar; :t,c;r, i!._ .r!,.;it~ indr_-oi~,,;r,F,~_~ ,~~-•
<br />secured st:ai! i~hereupon er at any tires thereafter, at tie op`:ion o~ the A;=eciat'nn, become
<br />imrrredia'rely due and col lectibie withou' further notice ar.d t„ _ !=mortgage ;nay then be fnre-
<br />Ciosed '!u rc.cever tha same, with interest thf::reen, at 12Z ~ `'z .:r,d :,i i reasonable costs
<br />and expo-rases of suit, inc{uding abstraciiri3 or title search ... v. Accepiante by Mortgagee
<br />of one ar more installment payments on the indebted;ess secured hereby subsequent tc an•,~
<br />sale- or change in os:nership ur pessesson of said real estate, or any ~arf thereof, -.;
<br />>bova provided, as to which mortgagee h;; not granted its •..rti*en consent, shall nor!•'
<br />constitul'e a waiver of ;~br'tg-ogee's option ~ta accolerat=~ the wh,ie in~±ebtedr~ss hereby
<br />secured, which option may be exercised by i~lertgagee at any time, vo delay or cmrni;sion of
<br />~;.~ri~gayae tc exercise any right or option accruing upan any default shall impair any such
<br />right ur option, or shat! be construed to be. a waiver of any such default, or ar,:~cquiescence
<br />t,tlcire i n; and every opt ion anc? ramedy qi ve:n by this ~,rtgacte to ; hn t~rtq,~:?ee ¢:ay be exercised
<br />tram 1im3 to time as often as ma•,~ be deemed expedient to biortgagee.
<br />Provided further that in the event ct default in tt;e performance of any of the farms
<br />acrd conditions of this "or-tgage, the 'dote secured by this iAertgaga, or any o'r?per notes for
<br />additicna( ndvanr_os, on tha p.::rr of the :",iortq~gor-, the Asso_iation shad be entitled tc the
<br />im{;iediate pcssassion of the prt:misas abo•ia desr_ribed, 'together with oli the r~~nf, revenues
<br />=:nd income, including any land contract payment=_ dua ttro I~br;gagcr cr any other incomes of
<br />ariy t1pe whatsoever, tc ba derived ther'afrorn, <snd said Assn; iation rnay, in its discretion,
<br />use the rents so far as it deems necessary for the purpose of rn,°r;<,inn, repairs upon the
<br />premises, and ',c~r the payments of insurance ~?ramiums, t~~xes and assessments upon said
<br />pr-ernise~>, and i_r ~~ecassary expenses ir;currcid in reint;ng said premises and coliec+inq „rats
<br />theratrom, ar•d .o apply on said note and notes anci agreements i, future adv:,nces, u^-~ii
<br />t~,e indabtednas~ secured is fully paid; but said Association shall in no case b~~ li~~h!P for
<br />the failure to procure tenan'i::>, to col!;ct rents ;.,r to pre.ecutr~ ._ctiars *« rec~?ver
<br />j~ossessicn of said premises.
<br />c:-~~:cutad this 6th day of December __-, i 979 .
<br />a i e e !' ,~%y(/'.i r~}/!~Er est. .''f~/ayer~
<br />Patricia E. Wissel Robert ~., Wissel
<br />
<br />C'OUi~iTt' ~~ iiAt.L
<br />(lpi ±hi hth i~~- .r. De ~mb° '° - _ _ -
<br />r
<br />WI .;,gun i-, -prr- ,a! ~,~ -3 r ~~ c= e lA,drOr ~uyv ~ red's ~`~~r ,~ Ti#AY~n~ w, fe arru< nusifarrct
<br />and~P~~~ATR~ I A E P1 i SSEL 8 ROBERT L ~ rn~ we I I l.now r!> b> i t t r radon r a, p4rson s whose nante~
<br />are' ~° fix d~' c~i a~c.v~ h,.r,gage ~aJ grantors a,.d are seer, I iy adknowieaged 'iha
<br />said instrura;nt and ti':e Cx•cution thereof, t:~ be ±heir voluntar'V act and deed.
<br />'r11 TIVcSS niy hand and tvotarial Sea!, ;~he day -:!rd ..r 4a~;t ab~we ~xri ;ten.
<br />'~ ' ~G" `•
<br />?rtltUf"~ F'Ub I i c-:
<br />tiiy c"i ill:.. ~=r: i'x~, "c'~ .,~ ~~IE,'.~-- r~. tJ iV ~.)i .~it-r _..--.-..._~~~_..._, !~t~~''~•
<br />n~E~~~~~~~~~
<br />
|