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<br />. i (q) that fn the event the Mortgagors Sail to pay when due any taxes, liens, ,udgme[Its, or assessments
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<br />maintain insurance as herefnDefvre provided, ar fa11 to pay rents, fees, yr charges under the terms ai any Lease
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<br />permit, license, or privilege; or Mortgagee is required to incur expenses far abstract fees, a: ;orney
<br />fees, costs
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<br />expenses, and ocher charges in connection with litigation, Mortgagee mzry maka such payment or prof Sde such insurance
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<br />; or incur such. obligation, and the amo.itits paid therefor shall become a-part of-the indebtedness secured hereby Qua
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<br />]d payable immediately, and shall Dear interest from the date o7 pay went at -tDe same rate as provided fordef8ult N:
<br /> in the note. FF"
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<br />{{{i (5) Thet in the event any awards are made to Lhe Mortgagors or-their successors Sn interest Sor taking oT damaging 1
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<br />(' by rile exercise a' emin_nt domain the whole or shy part of the mortgaged premises ar any easement therein the, said ~ ',
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<br />( awards sro hereby assigned to the Mortgagee; the Mortgagee-is hereby authorized 'o collect, receive-, and. redafpr _
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<br /> therefor and to apply the same in payment of any indebtedness, matured or unmatured, secured by this mortgage.` - y
<br /> (d) That ir. the event Pior*.gagors default In the payment of said principal sum., or of any insCallmenC thereof, or
<br />. wf any interest thereon, at the time when the same shall De due, or with respect to aqv covenant or condition here 1 i
<br /> of, then, at the option of Mortgagee, the entire `ndebtedness secvred hereby shall torihwl th become duo and pe
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<br />shall bear interest at the default rata described in said rote, and the Mortgagee may immediately foreclose this
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<br />t mortgage or pursue tiny other available legal remedy.
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<br />(7) That !r. the ?vent action is Drought to Poreclose this mortgage, the Mortgagee shall be entitled to immediate ~ -'
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<br />- possession of the mortgaged premises, and the court nsy appoint a receiver to take possession of said-premises, with t -
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<br />- f the usual nvwers of receivers in 11ke cases. ,
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<br />{8) ThaC tai lure or delay of Mortgagee to exercise ally at its rights or privl locos sha11 nct be construed as a )
<br />i._ ~ .v elver thereof; that any act of Mortgagee waiving any specific default o_* Mortgagors sha11 not De construed as a -
<br />( waiver of ally futl:re defaults; that in cos? of Cetault Sa the Pa}rsnent of atiy amartlzation installments or interest, -
<br />.._ j or in case of payr:ent by Mortgagee of aqv lien, .'udgmant, tax, insurance, cost or expense, °r rents, tees cr charges, -
<br /> sald Mortgagee shall have the privilege. wlthdut deplat•ing the whole indebtedness due 2nd payabla, to foreclose on
<br /> account of such specific def au7. t. Por such sums :LS are In default and such foreclosure proceedings may ba had and i -
<br /> the land described herein may be sa Sd, suD,7 cot to the lalpaid indebtedness hereby secured, and this mortgage shall 3
<br />( ~ cunt laue as a lies Svr ant unpaid Dalarce. _
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<br />- ~ (9) That the Mortgagee nay extend and defer the maturS Cy of sod renew and reamartlze said indebtedness, release
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<br />Sable thereon, and release irr the lien hereof portions of the property covered hereby,
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<br /> without fltfe-±Ulg
<br />ile priority hereof or the Liability of *'crtgagors or anv ocher party for the payment of said t
<br />_ '; ;- ~ indebtednass. all scc[; extend ohs, determents, ra;lewnls, and reamdrLlzstions to be secured hereby. 1}
<br />' (~-0) Transfer of ,ecurl ty. Zt is agreed Detwe ea .he parties !:ere tv, their heirs, legal representatives a^d assigns, ? -
<br />j that the Snteq:'1ty and respons1b 111 ty of the Mortgagors sonstltutes a par*_ of the conslderatfon for the Hate secured .
<br />- r hereby, ahd *_hat to the evert the Mortgagors s;:a11 sell, trsns.*e.^, or convey the propert« described here£n, Che ~
<br />" j Mortgagee may at Sts option declare the entire indebtedness immediately due and payable and may proceed in the en- (
<br /> Pot'cement of ifs rights as an any other default in the terms of the Note and mortgage.
<br />- {~/ords and phrases herein, i,yc lvu'iaFy the ar, knou!tedgrent he Teoji shall be corn ['rued as irz the singular ar glur¢Z
<br /> n•.aCers and as a~uscu Zing, famxx one, br neuter gend_=r, ¢ccvrd ang ,.o ,the canzext.; } -'
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<br />v'r this-r~t11 day ef__~<~~" "" ,.. .f~Ut~? ;,. ma, ~ ~,o t:irY rutrl.r _n =1hd " said-:.e!:[}' 3.d - - -
<br />slate, personally ~ppe•ie~~d Verdeen L. Hennings and Judy A. Hennings, husband and wife, -
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<br />~: 1 CC me xrbwil to tre L'IC~` j%e 1'SOtlfl 111I11Hd '.n :ll!~ 'k;;^ ?x' CSC F..w :...e fUI'0gO1ng ~U9LrUPienL..t*id 3Cknawledgei7 CTIaL they exe~'1,;ta'd _
<br />Ci.a came es Choir voluntary pct aaU deed. ,~
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