|
(q) ?hat Sn the event the Mortgagors fail to pay when due any taxes, liens, judgments, or assessments, or fail to
<br />maintain insurance as hereinbefore provldEC, or tail to pay rents, tees, or charges under the terms of aRY leasa,
<br />permit, license, or privilege: or Mortgagee is required to incur expenses tot abstract tees, attorney fees, tests,
<br />expenses, antl other charges !n connection with li tlgation, Mortgagee may make such payment or provide such insurance,
<br />or incur such obligation. sad the amounts paid therefor shall-Deeome a part of the indebtedness secured hereby due
<br />and FayaDlelmmeolately, and shall Dear interest from the date of payment at [he same rate as.provided-for default.
<br />Sn the note.. ._
<br />(5) That 1n the event any awards are made to the Mortgagors or their successors in interest for taking or damaging:
<br />by Lhe ezerc LSe of eminen*_ domal r. the whole or any .part of Lhe mortgaged premises or ar>Jr easement therein, the said
<br />awartls are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to collect, receive, an6 receipt
<br />therefor and to apply the same in gayment of arty indebtedness, matured or unmatured, secured Dy this mortgage. -
<br />(y) That in the event Mortgagors Cetault in the payment or said principal sum, or of arty installment thereof, or
<br />'of arly Interest thereon, at the time when the same shall be due, or with respect to arty ewenant 'or conditLOn her~-
<br />of, then, at the option of Mortgagee, the entire irde6 redness secured Dereby shall forthwith become due and papable; _
<br />shall bear Interest at the default rate described In said note, and the Mortgagee may immediately toreclose'thls -
<br />mottgage or pursue aqy other available legal remecpr.
<br />(?j That in the event action is brought tp foreclose this mortgage, the Mortgagee shall be entlt led-to.inmiedlate-
<br />possession oT the mortgaged premises, and the rcurt may appol nt a receiver to take possessi prof said premises, with
<br />the usual powers pt receivers In like cases. "
<br />([?) That Isllure or delay of Mortgagee to exerase any of its rights or privileges shall not 6e construetl as a
<br />waiver thereoT; that 4ny act of Mortgagee waiving any spec if is default of Mortgagors shall not be construed as a
<br />waiver of arty future defaults; that Sn case of tlefault 'in the payment of any amortlzati on installments or interest,
<br />or in case of pyymant by Mortgagee of any lien, ~udK-mant, taz, insurance, cost or expense, cr-rents, tats ur charges;
<br />sold Mortgegee shall nave the privilege, without declaring the whole indeb tedness due and payable, to foreclose on
<br />account of such specific default ter such sums ns are in default and such foreclosure proceedings may De had and
<br />the Land described herein may De sold, subJeCt to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a lien for any unpaid balance.
<br />(E+) ?hat the Mortgagee may extend and defer the meturlty of end r=new and resmortlze sold SndeDtedness, release
<br />from flab iii ty arty party liable thereon, and release from the lien hereof portions et the property covered hereby,
<br />witDOUt affecting the pr SOrl ty hereof or the 11aDillty of Mortgagors pr any other party far the payment of sold
<br />SrdeD tedness, all such extensions, determents, renewals. ^_nd reamortizetl nos to De secured hereby.
<br />(]0) Transfer cI Security. IC Ls agreed between the p^rt]es hereto, their heirs, legal representstlves and ass Lgns,
<br />that the integrity and respons ib it lty ct the Mortgagors constl tutas e part p1 the conslderaci on for the rota secured
<br />hereby, and that in the event the Mortgagors shalt sell, transt?r, or convey the property dascr Sped hate Sa, the
<br />Mortgagee may at its option declare the entire IndeD tedness immediate iy foe and payable anC may proceed-ln the en-
<br />forcement oI its rights as on arty other tlefeu't to the terms pf the note antl mortgage.
<br />(N"ords aru3. '~hmses herein, Inc (vdti ne the ac knoa~Ce¢~aent %~ereoi sha Le cons tr¢e.i ¢s ir, .he sirp•,:Wr nr plural
<br />nvxhers ate as +nasculine, feminsne, or nesster [?erde ¢ccord ink $o t cnntezc.l
<br />Char~esf, E-cD~eLarm
<br />Lin a e arm
<br />Sh:AL )
<br />- ;~~F.A1.7
<br />s'7ATe oe ,-
<br />''~ie ~ .,
<br />CCJNTY OF' '~/ l ~'~'
<br />~~
<br />~~Ai,)
<br />1"1
<br />qn this ~tlay at ! ,..,,., 19..~G. be tore me, ~: 'Ja [:=ry 1'Ub LLc 1u +:n^ Car ;'11~! ~nunty 'ir~~
<br />~..,.,. .,.,_ ................so...,,, ~ Charles E. DeLarm and Linda S. DeLarm, husband and wife,
<br />tc me known SD De ti:e psradns n,mJetl 'n and who ?x ecul:ed fife feragu!ng lnslrur.!?rt, an-^. ?!ckr:.Uwla~>d :,hat they ?xecu ted
<br />the same as the it 'voluntary ':cc and deed. --~-~ _
<br />~ ~ ~ -~ ~ ~
<br />My commSSSlon exp 1:'es~ !~~~dMM1Y ~ ` `~. '•' ~~~.:~~1- ^'~-~ -
<br />pMMRA,L BYIWl'K ~ .,mac r e~ )j~ .I ;y"J U
<br />wy~g,w1r11411Y !Typo r aid gF `~~yM1atur ~ -~t
<br />Me tsry 1iuD 11c ;n 'tnd "or' u.a1tl ~'U~.uity and ;itaLe
<br />: m
<br />m
<br />~ I i ~ ~
<br />~ t ~
<br />~ J
<br />~ I 1~- ~ O i
<br />~ ~ ~ s
<br />C
<br />I~ ~ ~ F
<br />c ,~ a:
<br /> a it I ~~, ~= j;
<br />I
<br />
<br />' ?
<br />N 4 ~ i i
<br />
<br />E
<br />. ~ ~ ~'
<br />, -_ ~
<br />~ '
<br />J :-
<br />
|