|
by the eeercise of eminent d'.. ~ __ - ~ _ ~ e_' .... g .. - _ _ ,g. g ,,I
<br />E63 That in the event arty awards are made to Lhe Mortgagors or their successors In merest Ior Lakin or dame Sn
<br />omain the whole or arty part of the mortgaged premises or arty easement Chereln, the Bald
<br />awards are Aereby assigned-to the Mortgagee; Lhe Mortgagee is hereby authorized to collect, receive, and receipt
<br />CAereior and to. apply-the same in payment of-arty indebtedness, matured or unmatured, secured by CAis mortgage.
<br />i7) That in the-event Mortgagors default Sn tAe payment cf said prlnclAal sum, pr of any installment thereof, ar
<br />of sRY interest Cheraon, at the time when the same shall be due, or with respect Lo arty oevenant pr candltlon here-
<br />of, Lhen, at the aption of Y.ortgagee, CAe entire indebtedness secured harpby shall forLAwlth becpme due and payable,
<br />shall bear-interest at the default rate described Sn said note, and the Mortgagee may immediately foreclose Chls
<br />mortgage or pursue arty other available legal ramedv,
<br />(8} --That in the event actlan 3s Draught to foreclose this mortgage, Lhe Mortgagee shall be entitled to immediate ''
<br />peasessian of the mortgaged premises, and the court may appoint a receiver tp take passessian of-said-premises, wl th
<br />the usual powers of race'_vers Sn like cases.
<br />(9)- 1T.at Failure or delay ai Mortgagee to exercise a>ly of Sts rights ar privileges shall not be construed as a
<br />waiver thereof` that arty act oS Mortgagee waiving arty specific default of Mortgagors shall not. be construed-as a ''
<br />waiver of rtyy future defaults; :hat. ir. case e1 default Ia the aavmeni of any amnrLlzatian installments pr interest,
<br />07' ]n vase of pa}went 3y 'iartgsgta eT any lien, lug ~mant, tax, Insurance, cost or exaease, nr rents, fear or Charges.
<br />said »ortgagae shall Nava the privilege, without declaring the whele indebtedness due and f4Yable, to foreclose on '
<br />accovat of sucA specific default for such sums as are Sn de Iault. and snch foreclosure praceadings may De had and '
<br />the land 3esarSbad Aereia ray be sv'_d, sublecL to Lhe unpaid Sadabtedness hereby secured, and Lhis mortgage shall
<br />cantinue as a lien far cry unpaid balance.
<br />i
<br />(101 TAat Li:e Mortgagea may extard and defer Lhe maturity at and resew and reamarti~e said Srdebtadnass, release
<br />Lien i]aD133 ty aqy psr~Ly liable *haraan, and release from the Tian hereof partians of the property cavered Aereby, ~
<br />wltitnut affecting tAe priari Ly heraaf pr the 1l ability oT Mortgagers ar any other party for `_Aa payment of said
<br />]ndeDtedness, a31 s.rcII axtensians, dafar^nants, renewals. and rear~,rtSZaLiars to be secured hereby. ~
<br />(p Transfer of Security. St is awed Daiwean the parties hereto, ihair heirs, legal ragresertaLives and assigns,
<br />that the SaLagrlty and rYSpansibSiity rf the ;~^tga3^ss canst!tutas s part of the consideration Ior the note secured '~
<br />AenaLy, cad that in the event the Mnr*_gsgars sASil sell, tra".sIar, ^* :anvey the property described Aereln, the
<br />M~•L;s^agae may ai its optloa declare Lie entire Indebtedness Smmediatell; due antl Pay?Dle and may Prpceed in the an-
<br />fercaaanL of Sts rights as on arty other default In Lhe terms of tAe Hate and mortgage.
<br />(.1=.' AssSgnmeat of Frovaads of :21^.erai ;case. Mar tr_.~rs *:=r=by transfer, sat ev>r sr:d cenvzy to Mortgagee all
<br />'r~^tS, _^pyaltlaS. ba.^:lga5, °-ri~ ~°"sy .:A« } a ^m ! -C !'iE ~^,: C'7!e C~a a^.d payajli2 unj 2r any Oll. gaS.
<br />tar nther mlaarai iea32 of any find ^aw ax~ *>~ ^.: 'say h-. e .er ~o;:e Snta ex]stanc~. oaYarlag fire above land ~i
<br />nr aqv part tltamof. All suaA sats.sa raa..iti_.d titi i!~,,..,age= >Aa:,_ be applied to _he Irtlebtadness secured hereby; ar
<br />saifl Hort~-agz2 may at dts aptian ~.ut over sn,1. oa l'_re^ so Lhe yp^tg:.gars yr tha]r successors Sn inta^est, aryy or all
<br />of sacA suss w±thaut pr~l udlce t s^y ;f gartcagea ~:: rig:avs c. Large sr;3 rets!n future sums, and wi thaut prelFdSce
<br />.:a ~ ai its-ti:-liar ra3a,:s tinder r ~-- xt~^.-ga~~€. TAe tr:.ris i~ 3n nti eti ante ne es-uer to Mortgagea of said rears,
<br />rtyaitias, Danasas, and jalay mira\ *:ai a east: aft. tr, Da i-a3~ n fir the aymanC ar reductlan rf the mart-
<br />~ga debt, sublact La .ha MortHS~a ptl a as ,,*.er¢ianaf:ra ~Ided. „e,endant of CAa mortgage 1'.aa as said real j
<br />estate. 17pan pa}seellt In foil of t,^a nr~r*. grs4-e Batt aid *,hr rz?ease o7 .leis m-v tgage a,* ranrd, this cc`svayanee sAail
<br />bacotea Snapa;~at]ve ~tl of as r•,:r,*ar _...~e anti a**e.-_L. i
<br />i
<br />d~js ax.: !,brssrs lie-Gis, in: Car: i^ .,. uri't~=:e3{~sen: ~^-a_=. :*.c:? - osi*cad ~ in s?ae sin~uiar ar 4iurc:
<br />nssaers ~ as msr~?inc. ,'eaizix, -. .<, _.._ rY^z:.n^, s._ar3{^~ _a ice _anrexc.;
<br />II 'j .,. ,,+~ . ,.
<br />3tk ;.his "~~y .f - -'J.~~~Ak,~`~i,~~
<br />SLata• i+ersanail}~
<br />-~+~' 3,i Norman N./~S,/telL~ -~
<br />apt , ~"~ `~;Zt.?-~.~. ~~ ?2Q / "J L -J~ ~
<br />Fii Tey ~-S~T~- E SEaLI
<br />i:,zi } (STiALI
<br />_~._.. .9~~ *aft.r :x, _ yt.a^y ?uD'_I_ --, sn3 _.._ said ±lilaty and
<br />H, Stelk, husband and wife,
<br />Lc See ~~ to Da rile l~rsaas nod !t: and wht~ ^Zar-e:-e~C tLa I.-r2tit.S e '_nst_-°a+ye7t, ~l s~'tn alr3gtd :hat they exacutay
<br />L3w1 same as 'their v~aluatsry cot and dead, ~ n
<br />_,tc _ sir .
<br />!y rowecissi~ axpSr as ,..~~,~~~~ ~,~,-ll:f t,t'~~yY.. ~ 1'~G-rifG~%'~
<br />I~MIAM+L i1~1/[ __-~ ~t~L 3~ 7~~3~-~
<br />,,.tar} naL 11^ Sn and for saT,d ~x~n* an^_ State
<br />g ~ # ! i i
<br /> J
<br /> O t i~ ~ 9
<br />2 ~ i ~ t '~
<br />`
<br /> -
<br />,
<br /> ~
<br /> -A
<br />~ I S' ~ 4~ ~ ~
<br />kQ+r~`Z - ~ a I s. a ~~ 1~` ~ ~-.
<br /> q t ~
<br />~
<br /> ~ ~
<br />~ .
<br />~ ~v S I „, i
<br />
<br /> ; i ~ ~
<br />'
<br />J
<br />
<br />a ~
<br />~
<br />~
<br />' i .,' I :.
<br /> p~
<br />a. <
<br />~ ~ ~ ~
<br />2 j ~ t
<br /> Y•
<br />1
<br />.
<br />_
<br />..
<br />.
<br />. _
<br />F
<br /> ... _._.._
<br />..
<br />_.
<br />.
<br />. -..-
<br />. _ .. ._._...... _ __ _._ _,
<br />
|