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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 />~ <br />~? <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 _ <br />' -- <br />- .. <br /> <br />+ <br />~~ .1- <br />k7. t. t - ~J <br />I p. M Ht ~; ~' <br />' f_ _ <br />y d <br />= I <br />~ MtQSa~M~1~/0.f0! t, t r} . ubl: i n 1 t'r .. . , i <br />,_ <br /> <br /> J f <br />~ <br />I <br />r <br />i <br />~ ~ i _ <br />~N <br />.'i ''a !!Si ~ <br /> O I <br />d i <br /> <br />I <br />I { -I't'.~ <br />~ <br />= '1 <br />_. 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