|
80- t)tf"%3~2 ~.
<br />additiona( advances, or ir, the event 'he tAor'~agor sh:ul^. sal,, y;tf•.gr outright by land
<br />cantract, by lease purchasy agreements, or ctherw;se, or tit{y ;herytc should otherxise
<br />become vested in persons other #han the ?~rtgac~>r; ~'••en .rho whole inde0 twines; hereby
<br />secured shall thereupon ar at any tirra thereafter, at rhy ap±{on of the Association, become
<br />immediately due and corlectfble without further notice and this faortgage may then be fore-
<br />closed to recover the same, with irate rest the roan, at 14 3l4 ~ and all reasona6te costs
<br />and expenses of soft, including abstracting ar title :.earth fees. Acct-p lance by Mortgagee
<br />of one or more installment payments on the indebtedness ser_ured Hereby subsequent fin any
<br />sate ar ehange in ownership or possession, of said real es to#e, or any part thereof, as
<br />above provided, as to which mortgagee has not granted its written ccnsent, shall not
<br />constitute a waiver of Mortgagee's option. to accelerate the whole indebtedness hereby
<br />secured, which option may be exercised by Mortgagee at any time. .Jo delay cr ommission of
<br />t>~rtgagee to exercise any right or option accruing upon any default shalt impair any~such
<br />right or option, or shall be construed to be a waiver of any such default, or an acquies`ence
<br />therein; and every option and remedy given by this PRcrtgage to the nbrtgagee~ may be exercised
<br />from time to time as often as may be deemeC expedient to !~t/r-tgagee.
<br />Provided further that in the eveni of default ir, the performance of any of the terms
<br />antl conditions of this t.-IOrtgage, the `dote secured by tSis '•tortgage, or amf other notes for
<br />additional advances, on the part o' the 'AOrigagor, the Association shalt be entitled to the
<br />immediate possession of the premises above described, tcrether with all the rent, revenues
<br />and income, including any land Contract Daye;ynts due the ?~brtgaopr ar any rather irco:~s ^'
<br />any type whatscever, to be derived t^ery+rom, anC said .~sociation may, in its discretion,
<br />use the rents se far as it deems necessary iar the pun;;ose of ma'r.inq repairs upon the
<br />premises, and for the payments of insurance premiums, taxes and assessments upon said
<br />premises, and for necessary expenses incurre;, in renting said premises and co{Iwcling ran#s
<br />therefrom, and to apply or. said note and note=_, .and .x;re,ements fcr future advances, until
<br />the indabtadness secured is fully paid; b,:r self! Association shall in no case be liable for
<br />fhe failure to prxure tenants, to col~cc'. ,lira ts, or .o prosecute .ctions to recover
<br />possession of said premi=_es.
<br />E%eouted this 23ri _Cay of December .980
<br />~ ~
<br />~~
<br />a a i eon,
<br />Y. ~-~~-z-~j
<br />'-° - Delores A. ~~reen
<br />? ss:
<br />:Gti1V TY Ol HALL )
<br />Cn this- 23rd day of December ,1980, before sie, , ~;o±ary rud)ic ir, ar,d for ;aid
<br />O~aunty, personally came the~bcve named HAROLD ~"REEN.J.R. AND ^ELO!%ES A. GREEtJ~husband and
<br />wife to me well known to to the inde~i*icel persons whose names
<br />are affixed to the above Mortgage as grantors and they _;ever,lly adknowlwdged the
<br />said instrument and the execution thereof, Co ve their _ ~-c,!unnary acf _;nd deed.
<br />S4 iidc°i -ry h- .d a d 'de' rial tie,,~l, the J-y an r; -, pc, v F- ~ i rt-fn-~
<br />.~~~
<br />~MMI~i 1 ~ ,I~
<br />_ - ~D R .__
<br />- ~dVta r.; r- { iC
<br />fl` ~^ >
<br />tdge commission expires o. tr.e da~
<br />
|