IaI That in the event the Mortgagors tali to pay when due aqy taxes, liens, Judgments, ar assessments, or fail-ta " ~-
<br />malntaln insurance as tterelltDefore provided, or fail to pay rents, tees, or charges under the Corms of aqy lease; ~ -
<br />.
<br />permit, license, or pr1 Vi}age; or Mortgagee is required to incur e%pedsee for abstract fees, attorney fees, costs, ~
<br />expenses, and other charges Ln connection with litigation, Mortgagee may make such payment or provide sucD insurance ~ {'--
<br />,
<br />or Incur such oDli~tion, and the amounts paid therefor shall Deeome a Hart of the indebtedness secured-IIerabp-due ~ {~.
<br />and psyaDle imaediate.ty, antl shall bear interest from the date of payment at the same-rate as-provided for default -
<br />in the note. -~
<br />
<br />(5) 'that Sn the event any awards are matle to the Hcrtgagars er their successors Sn interest for.taking oc damaging ~ _`
<br />by the exercise oT eminent domain the whole or aqy part of the mor*_gaged premisec or any easement.thereln; Lhe said j
<br />
<br />awards are hereby assigned to the Mortgagee: the Mortgagee is Hereby authorized to collect, receive, and receipt i
<br />{--~
<br />- -
<br />therefor antl +.o apply the same In payment oL a.r~{ indebtedness, matured or unnatured, secured by this mortgage: ( i
<br />~
<br />(o') That Sn Che event Mortgagors default in thz payment of said principal sum, or of atly Installment thereof, or j
<br />~
<br />of ady interest thereon, at the time when the same shall be due, or with respect Lo any covenant or condi GSOn here- i
<br />ot, then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwi Lh become due and payable, I--(
<br />shall bear interest at the default rate described Sn said note, and the Mortgagee may Immedlateiy foreclose thls-
<br />mortgage or pursue a[ly other noel laD'_e legal remegy.
<br />~~
<br />_
<br />(') Tnat Sn the event action is brbught to foreelase this mortgage, the Mortgagee shall De ant Stied to immediate ~ I~
<br />possession of the mortgaged premises, and the court may appoint a receiver to take possession oI said premises, witR .
<br />-
<br />the usual powers ct receivers in line cases. ~
<br />~}
<br />s
<br />
<br />{91 That Iailure or delay of Mortgagee to exert Ise any of Sts rights or privileges shall ^at be construed as a i
<br />, j::
<br />waiver thereof: that aqy act o1 Mortgagee waiving 'any sDecitic tlefault of Mortgagors shall not be construed as a
<br />waiver of qtly future defaults: that In case of default in the payment of any amortization installments or interest,
<br />or in case of payment 6y Mortgagee of aqy lien, judgment, tax, insurance, cost cr expense, dr rents. Yeas or charges, +.si
<br />said Mortgagee snail have the privilege, wi*_hcut declaring the whole indebtedness due and payable, to torzclose on Bpi
<br />account of _vch specific default rot such sums s are in default end such foreclosure proceedings may be had and
<br />the land described herein may be sold, :;ubJ art Co ..he unpaid irdahtedpess hereby secured, and tnis mortgage shall k'. ~~
<br />continue es a lien Cyr any unpaid balance. { ,
<br />(Oj That the Mortgagee may extend and defer Cho matersty o_* and rzree: and r=amortize said Sndeb Ledness, release ~
<br />from Iiabillty any party liaole thereon, and release from the lien Hereof portions of the Property covered hereby,
<br />without affecting the priority herzof or the ll aDil sty of Mortgagors or any ocher party Ior the payment of said
<br />Sndebtedress, all such extensions, de fertents, renewals, and reambrtlzaclons to be serured herebv.
<br />- [
<br />I,
<br />(`Gj TTsnsfer of ~ecuri ty. IL 1s ag_*eed between the part4es !;ereto, Chair heirs, legal representatlvas and assigns, (
<br />ti:at the integrity and responsib 111 ty of the Mortgagors constitutes e part of the conslderatl on for the Holz secured I
<br />hereby, and that to the event the Mortgagors shall sell, trsnster, or convey the property describetl herein, the
<br />N,ortgagee may at Sts option declare the entire Indebtedness immediately due and nayabie and may ?roceed Sn the en-
<br />tcrcement of its rights as on any other default in the terms eL the note and mortgage.
<br />nF'ords and yhrase:: here ir., zqc twit ac 'F,z ac Dnwaed¢nent he reef, shat: ba cons t*ued as tin the stinqular er plural
<br />~
<br />usbers nn3 as mas ^•i Rne, jemsni*k, cr raster perrde
<br />, act ord irzq so/ t.".v context.;
<br />
<br />Gerald F. Krolikows
<br />ki
<br />~
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<br />Joyc C. Kro 1 owsTcl _
<br />'
<br />-. (SEAL) ;SEAL) ~
<br />.~i'.Ai.. ~___._~r.._ _ ... ..... :
<br />_'~~ .,.~
<br />g9'A '~ 4. - 4 __.
<br />COUNTY OF - ~ ~~
<br />~~
<br />.e:/ 1.
<br /><.•
<br />On this "7 day ~i r ~ ~'Gf i/c~.. '~ .:.~.;..- .-,•.. ~.-., ~, „ ,-. .. ..... -.._
<br />state, personally -~.ppeared Gerald F. Krolikowski and Joyce C. Krolikowski, husband and wife,
<br />tc ma '.new,. rp br, t.~e •. e. ..:,..ei -. ..... s, .t.:. ... -- Lh, c.:... ,!,.., _,..~;; ~ : ~. !r;.; .., I-- ~ _ -...~ .
<br />the lama es their ~oluutary ~+~ sm.l 7e.~d. _
<br /> 14 commission exDi ~eM M11R~QiiYrww _ ~ ll '.~~ 1 e _
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