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r <br />__ _ _ <br />(6~ That in the event ary awards are made to Lhe Mortgagors or Lhelr successors in interest for taking or damaglrg <br />-~ by he exercise of eminent domain the whole or ary part of the mortgaged premises or ary easement therein, the said <br />awards are hereby assigned to 'he Mortgagee; the Mortgagee is he..^eby author Szed to col'_ect, receive, and rose Spt I <br />therefor and to apply the same in payment of arty indebtedness, metered or unmatured, secured by this mortgsge. <br />_ ~ (7'r That in the event Mortgagors default 1n the paymen*, of said principal sum, or of any installment thereof, or <br />-.,~ of ary interest thereon, at the time when the same shall be due, or with respect :^ aty,- covenant or condition here- -i, <br />of, Lhen, at the option of Mortgagee, the entire indebtedness secured hereby shall Scrthwith become due and payable, <br />shall bear interest at the default rate described in said note, antl the Mortgagee may ,mmedlateiy Yorec lose this ~ <br />.. mortgage or pursue ary other available legal remedy. i <br />(8) THSt in the event action Ss Crought to foreclose this mortgage, tfie Mortgagee shall be entitled *,~e immediate <br />possession of the mortgaged premises, and the court nay appoint a receiver to take possession of said premises, wl th ~~. <br />Lhe usual powers of receivers in like cases. <br />(g} That (allure or delay of Mortgagee *_o exercise any of its rights or privileges shall Hoc be construed as a '~ <br />waiver Gherzof; the*_. at1v act of Mortgag=e waiving anvv sreciflc default of Mor Cgagors shall rot be construed as a <br />_- ~ waiver of aryy future defaults; Lhat Sn case of default in Lhe payment of any amortization instal invents or interest, <br />or Sn case of gayment Dy Mortgagee -~f sry 11 er., judgment, Lax, insurance, cost ar exgense, or rents, fees or charges, <br />said Mortgagee shall have the privilege, without declsrirg Lhe whole SndeDLedress Sue and payable, to foreclose on <br />1 account of such specific default for such sums ss are lr. default and sup.*, foreclosure proceedings may be had and '. <br />Lhe Isnd dsscrlbed herein may be se_d, suD'ect *~ the t ,`ld Snde*tei.^.ess ?Serrby secured. and this mortgage shall <br />continue as a tier: for art unpaid balance. <br />(iu} That the Mortgagee may extend and defer the msturi ty of and renew and reamsriize Bald Indebtedness, r?lease <br />- from liablli Ly sr~• party liable therear.. and reizasz ;rar, the lien hereof portlo.^.s of the property covered h?reby, <br />wi thcut of (acting the priority hereof c the 1labili Ly ^_* Mor tgagcrs ar ary ether party for Lhe pa}nnent of said ~. <br />SndeDtetlness, all _uch ex L.ensi ens, deferments, renewals, and reamortizaLlons to be secured hereby. <br />?d3} Transfer of Securl ty. it is agreed be tweea t*.e par t:es Hereto, Lhe;r heirs, legal reprasentstives and assigns, <br />*_hat Lhe inLey. ity and respcaslDSlity of the YFartga_gc~rs constitutes a part cf t?te consider atlan for the note secured <br />hereby, and Lhat 1^. the 'tae !lcrtgsgars shall sell, transfer, er convey the property Casr_ribed herein, the <br />SWrtg~gea may st 1'_s aptlon,~daclsra t::e en *_Sre Sridebtadrass i:-mcediately due and pay able and may pro^,eed in the fit- <br />fnra•c~*t of its ,g*ts 3s o =.J` tither de `su_*_ in the L<*~ms of thz note and me aage <br />(1~7 A~s1g<ae- =^-- er- ~~' UV sors hereby transfer, se -t ~ sd c^rvay to Mortgagee all <br />en_«, .oya__,ea, Dc a ~ n vs y av m time to ;,ime became ~e r~syaDle antler ~*,y o11, gas, <br />'r ether 2lnaral `_assr :i •srv VkiMd ...w zxSS...t~ ;^ ..si. may herealt.er corm 'nLa a sL_,.ce, ..^avering the above land <br />ti spy part thereof. A11 sL:St suas.sc received {y `?-rtgagea shall be applied to the SrdeDtzdness szctsed hereDY: or <br />y said `4ortgsgae may at Iti option cy^ ever 3^^,d ~'llvar is the Mortgagors or t121r successors In ?Merest, arty or all <br />ai S'.i._ S1:fiS wlTha l:i ^^P'I;:~l i.2 L" .~.i'e '- ".~='-~.3.~22 ~_. r: p'T`.i3 LJ C9.S2 YI:c net 3iPC 7'111:2 sRas. .YTi~ -+Tit GUt -^EjuQiCa '. <br />a av ar Its ct. ar ruts lnder~~tHis Bert gag=. The t.ransfar and aonveyancz hereunder to Mortgagee of said rents, <br />rod-sltizs, Dtaiuses, sq~d delay mnrta~s shall b2 canst~;ed t• be a nroclsion Ior t e :ayme.^.t or reduction of the mort- <br />~_ debt, subjzct to the M.'3't~'3gea ~s opt iar. ss enrol^.l:e7are ,^r.>vided, SnC.ependent o' th? mortgsge 11 en an said real '~.. <br />a: La*..a. i~M symert in fail cl the r.~.riga.~_ debt. and the release el tH1s mcrtgag=. a.* record, this conveyance shall <br />3 Lecos~t laa*terative 3oC .,` no fiv-Lher farce 3ud 2f*act, ~I~ <br />~ fi€r.=s ari. 9l rases rxrei*., ir:::3i ~ :ca nc7caw.•'.=_'xxerr .z->o_*, s :arst~ve3 ¢_ ir, :kz sinqu'.nr or Turn: <br />+ami`~rs n*~ as x~mylife, z+cinine, o- -><::;.ar gen3z~, ac^o-dies In ' ~ izzt.; ~.. <br />. j ;SSAL} u a {SEALI ~~'. <br />;;.EAL` L ~ df ~~ ~ :-C-r - (SEAL} <br />y' Y ~7u y u a ~ <br />1 (SEAT-t ;SEAL} <br />~p ~~AL} (SEAL? <br />~~ r <br />1 "u.d'TY - ~ ~ <br />? :.s~da3 of `-~,^d'"~*`~L~ >._.. 13 ~~>pe_*c.= ne. s ,ai~~y ~:~'_I: !r. sec f=- sa1~ ~~unty sr.,i. <br />°t.sLf, per~ally =.~~~° Z~rnald t.. ~hnda and .Iur~v M. 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