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<br />(4} That in the event the Mortgagors fail to pay when due arty taxes, 21ens, ]udgmehts,. or. assessments; rrr--fail-ta
<br />maintain insurancE as hereinbefore provided, or fall to pay rents, fees,. ar Charges under-She terms nI airy lease,
<br />peimit, license, or privilege; or Mortgagee is required to incur-Expenses far-acstiact fees, attorr,Ey: fees, costs, '
<br />expenses, and other charges is connecLicn-with 11 t1gaLioa, Mortgagee may make sunh payment or provide such insurance,
<br />ar incur such obligation, and the amounts paid therefor shall become a pert of the indebtedness secured hereby: dire--
<br />ard payable Srmtedla4Eiy, and shall Dear interest-from~~the date oY payment at- the same ra.cE as provided for-defsnlt.~
<br />lr. the note. -
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<br />(5j That in the event aqy awards are made to the Mortgagors ar their successors Sr. +_nterest for taking cr aamagiag ~ '
<br />o/ the-exercise of eminent domain the-whole ar any part of the mortgaged Srr=raises cr shy easement kherein, the. salQ. ,
<br />awards are hereby assigned to the Mortgage=;- the Mortgagee is hereby authorize4 to collect, rer_e3ve-,_ aad.rei:elpt ~ ~;
<br />t`:ereYOr and to apply tDe same in payment of any indebtedness, matured nr unmatured, secured Dy Chas-mortgage-. '
<br />(%ii That in the event Mortgagors default in Che payment of Said principal sum, or of aryy ins*.allment 'T~ereof , .. nr
<br />'of acyy interest thereon, at the time when the same shall he d•,re, or witY. raspecC to ar{y coveaank. or candltian here-
<br />of, then,.at Uhe~option of Mortgagee, the entire 1ndeDtednzss secured ?rEreDy shall forthwith become. dueahd~-payable,.
<br />shall Dear- knteresC at the default ^ate described 1n said na4e, and the Mortgagee may immediately foreclose ttils
<br />mortgage or pursue aqy other available legal remegy. ~ i
<br />^_21at in the event action Ss brow co foreclose this mo.t a e, the Mortga ee shall be entitled to-. limne3latE
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<br />possession of the mortgaged premises, cad the caurC may appoint e receiver to take possession of-said promises-,with fi- ~(
<br />the usual powers of receivers in like casts. - - iI
<br />O') That _*ai lure ar delay of Mortgagee to exercisE any of !ts rights o? privileges shsli not De construed as. a- ?~-
<br />waiver thereof; that any act of Mortgagee waiving anY specific default of Mortgagors shall oat De-construed as a ! '.-.
<br />waiver of aryy future defaults; Chat Sn ease of default .i r. ChE payment oI any amortization installments ar interest.. 'y '~.
<br />cr in case of payment by Mortgagee of aqy lien. lodgment, tax, insurance, cost or expsrse, or rents, Saes cr chargES,
<br />sold Mortgagee shall have *_he Fr±vllegE, withou*_ declarSrg Che whole indebtedness ::ua and payable, to fo.*eclbse on j
<br />account of such specific default for such sums as are in default and such foreclosure Droceedings may De tied ahd '
<br />tT:e land described herein} may he sold, subl act to [.he u;ipaid indehtedness hereby secured, and this mortgage shsli i `:'
<br />continue as a lien far ar>,v unpaid balance. - ~ ';
<br />[rim-~raD lilt. .."rt gageE may ---tend and defer the C:raturity -f and renew and reamartize said indectadness, rEiease '
<br />y ar>;{ party liable thereon, and ^e~easa Tram the lien hereof portions of CP.e property covered hereby,
<br />wi (hoot affecting the priority h=real a the liab11/ty of ;!ar tgagors ~r cry nti!er party for the pavmenL df said
<br />indebtedness, all such extensions, determents, renewals, and rEamcrtlaat±ons to be seauretl hereby.
<br />(?~) Transfer of S~cu.^ity. IC is agreed between the earClas heraCn, (`loin ;:airs, 1?gal representatives aed assigns,
<br />that the integrityand resoorsibllity of the Mortgsgors constitutes s par: of the aoasiderati on for Che ante sec*ured
<br />hereby, and that _n the ecer,t the Mortgagors shall sell, trsnsfer, ar ~cnvev the property described herein, the t
<br />Mc: tgagee may at I;s option declare the art ire 1rdeDtednesa Smmedlately due and payable arA. may proceed in .the En-
<br />fc^cEment of its rights as on any other default ir, the (arms of t...: ..aCe std mortgage.
<br />(k'ords and ,ahrase; here in,_ titt._tu:.inP the ac hnrn~iedg znt 7:e>ee' s?w is _~- cc^. rruex as in the _~ Mulcr cr 9Cu:m?
<br />*su~aters aru3 as aas:r~Esne, e*.i>cin.e, br muter Ferrier, s_orr?*r~' to *kr .:~..-r~...
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