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<br /> 81--~iU3"~~-5
<br /> (4) That in the event the Mortgagors fail to pay when due aciy taxes, liens, ,judgments, or assessments, or Iail to
<br />° maintain Insurance as hereinbetore provided,. or fail to pay rents, fees, or charges under the terms of any lease, _
<br />3 permit, license, or privilege; or Mortgagee Ls re9uired to incur expenses for aDStract fees, attorney fees, costs,
<br />~~ `-
<br />`F - expenses,-andother charges in connection with litigation, Mortgagee may make such payment or provide such insurance',
<br />orYncur such oDIigation, and the amounts paid therefor shall became a part of the indebtedness secured hereby due {
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<br /> and-payable-.Snitnedlately, and shall bear-Interest from the date of payment at the name rate as provided for default ,
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<br />Sa the-note. k
<br />- (5) That in the event any awards are made to the Mortgagors or their successors In Interest for taking or damaging- -~
<br /> by-the exercise of eminent-domain the Whole or-any part of the mortgaged premises or aqy easement therein, the said
<br /> awards-are hereby-assigned to the-Mortgagee; the Mortgagee is hereby authorized ~o collect, reeeive,.ant! receipt ~
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<br />-therefor and to apply the same in payment of any indebtedness, matured ar unmatured, secured by this mortgage.
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<br />-,f~ (8) -That In the event Mortgagors default in Lhe payment of said principal sum, ar at any installment-thereof,-_or -- -
<br />_ 'of a.qy interest thereon, at the time when the same shall be due, or with respect to any covenant areondition here-
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<br />shall Dear interest at the default rate described in said note, and the Mortgagee may immediately foreclose this _
<br />' mortgage 6r pursue env other available legal remedy. - -
<br />_} (7i That in the event action is brought to foreclose this mortgage, the Mortgagee shall be-entitled-to Immediate
<br /> possession of the mortgaged premises, and the court may appoint a receiver to take possession of said-premises, with
<br />_ the usual powers of receivers in like cases. ~ -
<br />' - (8) That failure or delay cf Mortgagee to exercise any a7 its r1gY,ts or privileges shall not be construed as.a
<br /> waiver ChereoY; that aqy act of Mortgagee waivln8 any specific default of Mortgagors shall not be construed. as a
<br /> waiver of aqy future defaults; that Sn case of default Sn the payment cf any amortization installments or interest,
<br />_
<br />_ _- ,,r-'n--cvse of p~^y;srt Dy M~rrg~eo or a;y 11<n, J~~dg.: Pn`_, rax +ns,rranc?, cnsr. nr experse; ar rents. tees or_ci7araes,
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<br />said Mortgagee shell have the prlviiege, without declaring the whole Indebtedness due and payable, to foreclose on
<br /> account of such specific default for such sums as are in default and °uch foreclosure proceedings may be had-and
<br />' the land described herein may be sold, subJect to the unpaid Indebtedness hereby secured,- and this mortgage shall
<br />- - continue as a lien for any unpaid balance. -
<br /> (9) That the Mortgagee may extend and defer the maturity of and renew and reamortlze said indebtedness, release s
<br /> from liability any party liable thereon, and release from Lhe 11 en hereof portions of the property covered hereby, ~
<br /> without affecting the priority hereof or the liability a7 Mortgagors er any ether party for the payment of said
<br />
<br />indebtedness, all such extensions, deferments, renewals, and reamortizat fans to be secured hereby. .
<br /> (].O) Transfer of Security. Zt is agreed between the parties Hereto, their heirs, legal representatives and assigns,
<br />~ that the integrity and responsibility of the Mortgagors const'tu'_es a part of the consideration for the note secured
<br /> hereby, and-that. In the event Lhe Mortgagors shall sell, transfer, ar convey the property described herein, the ~ ;
<br /> Mortgagee may at Its option declare the entire Indebtedness immediately due and payable and may proceed 1n the en-
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<br />forcement of its rights as on arty other default In the terms of the note and mortgage.
<br /> fI/ords and phrases herein, irycludinQ the acS.rzavted~gent fereo,*", shah 5e construe3 cs it the singular or glum l
<br />nuwbers and as masculine, fea~nnine, br neuter gentle accardsng to the con±ext.)
<br /> ~`~ ~ ~~
<br /> (SEAL)
<br />(S£AL)
<br />Harland L. Layher
<br />_ (S':AL) - (SEAL}
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<br /> (SEAL) (SEAL)
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<br />STATE 9F ~~ sr) ~ '~ ~ ~
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<br />- COUNTY OF ~ ' -'~-'
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<br />On Lhis~day of ,.t. ~-- , A.D., 1 ~~,. before ne, ~-,atary ?ub11c ,n and *or said Cauaty and ~ ,
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