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<br />(lr; 5626
<br />additions: advances, or in the event the is~ortgagor should sell, either eutrignt, by land
<br />contract, by lease purchase agreements, or otherwise, or ttie thereto should orher::isc-
<br />become vested in persons other than the Mortgagor; then the whole indebtedness hereby
<br />secured shalt thereupon or at any time thereafter, at the^_.pticn of the Association, become
<br />immediately due and coViectible without further notice and this ;',ortgaga may then be fore-
<br />closed to recover the-same, with interest therein, at 13 m and a!1 ,easonable ce=ts
<br />and expenses of suit, including abstracting or title search ~~ecs. .,cceptance by "dortgagee
<br />of one or more insta(Iment payments on the indebtedness secured 'Hereby subsequent to any
<br />sale or change in ownership cr possession of said real estate, or arry part thereof, as
<br />above provided, as to which mortgagee has not granted its written consent, shall net
<br />constitute a waiver of Mortyagee's option to accelerate the whole indebtedness hereby
<br />secured, which option may be exercised by M1~ortgagee :a any tune. No delay or ommission cf
<br />2-0crtgagee to exercise .any right or option accruing upon any default shall impair any such
<br />rignt or option, or shall be construed to be a waiver of any such default, or an acquiescence
<br />therein; and every option ar,d ramedy given by this "riortgage ro the ;^rrtgagee may be exercised
<br />•from time to lime as often as may be deemed expedient to Martcagee.
<br />Provida_d further that in the event of default in the performance cf any of the terms
<br />and conditions of this idortgage, the Mote secured by `:his iortaage, or any other notes for
<br />additional advances, on the part of the S~Ortgagor, the Association shall be entitled to the
<br />immediate possession of the premises above d~ ~ ~trd, ~ - ~-- ,v~th ail the rent, .evenues
<br />and incc?me, includiny any land con'to-act payment<f•r;ue .i°t~aJrV~artr}agar ur any other iv~ccmes of
<br />3nY typE~ whatsoever, to be derived theretroni, erg= ;air1 A,,~ociation m:=~N, in ._ discretion,
<br />use t'he rents so .far as it deems necessany for tha purnc,;ae cf riakiny repairs upon `h a_
<br />prErnai=sy~s, and for the payments rr„~f insuran~:'.e pran?lams, lr~a;,;rs and as[se°~;=,merts ap<;r. :aid
<br />iremises, ahd for necessary expenye~; in+_tnrre~d in re;ntinc said prem6s±=.~:~ and col Iacrirna rents
<br />~r~irer,e:~t'ram., and to apply on said n~~~;>t¢,: and arootes and our"_e~m;ants far tuti.are advani,.s?s ~.intiE
<br />~n,h~i i~ndeb'tedne s secured i~s fuI Igo maid; ~:n.uf sadt'i Assuc,iatlon ,=.;baf! ire no case hea iiarbl? for
<br />the failure to procure tenants, fio collect rents, or to prosecute action=_ ,~ recover
<br />possession of said premises.
<br />~xeouted this 7X~ day of
<br />ifiaiT'i_ uF' rJL~ii2it"~i~~ l
<br />ss:
<br />~CLSdiY OF HAIi. )
<br />On this_~~ _day of October ,1980, before me, n ;Jotary ['ublic in and icr~did
<br />~cunty, personally came the above named DELBERT D. THEASMEYER AND LOIS A. THEASM1IEYER; AND
<br />MICHAEL L. NEUBFRT AND-BRENDA J. NEU~IjTe ~.vell known to be tha inderrfical persvrs whose name s
<br />are- affixed to t to above i~lo rtgage as gran for s_ and _ are cover= 1 i y acknov. l r; d-_~ad th~z
<br />said instrutnQnt and the exocution thereof, to ha' their voluntary acr aHd deed.
<br />.7WI1NE5S my hand°and iJo facial SPaI, the day and y,=.,;r I~.., ~bc~vc wri rten.
<br />N~i1lN0 AdY~sarearpew~q. ~ / (Jt~
<br />_~ ~6T~€A, NEN R~u"~2FR~ --~v-~- ~ C~~~ _
<br />,:.
<br />„_ ~ ~
<br />'M ~grnrnission ax ir'e``~on she r,
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