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(a) ;hat In the event the Mortgagors tall co pay vfien dua any taxes, 1!ens, Judynen ca, or assessments, or tail to
<br />maintain insurance as herelnDefore provided, or fail to pay rents, fees, or charges under the terns of any lease, ~ '
<br />permit, license, or prl vllege; or Mortgagee is required to incur expenses for abstract tees, attorney tees, costs,
<br />expenses, and other charges in connection wl th li tlgatlon, Mortgagee may make such payment or provide such Insurance.
<br />or incur such obllgatlon, and the amoants paid therefor shall become a pare of the indebtedness secured Hereby due
<br />and payable immediate.Ly, and shall bear Interest from the date of payment at the same rate as provided for detau It
<br />,. in the note,
<br />(5) That Sn the event arty a~.vards are made to the Mertgagurs or their successors lb interest for Caking or damaging
<br />by the exerrlse et emSnent domain the whole or azty part of the mortgaged premises or a7pr easement Chereln, the Bald
<br />awards are hereby assigned to the Mortgagee; the Mortgagee is h=_reby authorized to collect, receive, and receipt
<br />therefor and to apply the same in payment of any lntlebcedness, matured or unmatured, secured Uy thSS mortgage.
<br />(6) That Sn the event Mortgagors default in the payment of said pr Lncipal sum, or of aqy Installment thereof, o.^
<br />'of aqy interest thereon, at the time when the same shall be due, or with rospeet to any covenant or condition here-
<br />of, then, at the option of Mor*_gagee, the entire Sndeb tedneas secured hereby shall forthwith become due and payable,
<br />shall bear interest at the default rate described 1n said note, and the Mortgagee may lmmedi ately foreclose this
<br />mortgage or pursue arty other avallxbie legal remedy.
<br />(7) That in the event action is bromht to foreclose th SS mortgage, the Mortgagee shall be entitled to immediate
<br />possession of the mortgaged premises, and the court nay appoint a receiver to take Possession of said premises, with
<br />the usual powers of receivers in like cases.
<br />(8) That fsilure or delay of Mortgagee to °xercisa any of Its rights or Privileges shall no*_ be construed as a
<br />waiver thereo t; that any act of Mortgagee waiving say specific default at Mortgagors shall not be construed as a
<br />waiver of arty tut;d•e defaults: that In case of tlefault In the payment of any amortl zati on Installments or interest,
<br />or In case of payment Dy Mortgagee of ,n lien„ judgment. tax, Insurance, cost or expense, or rents, tees or charges,
<br />said Mortgagee shall have Che prix liege, without decl nr lag the whole Indebtedness due and payable, to foreclose on
<br />account of such spec itt r, default tar such sums as are Sn Qefault and such foreclosure proceedings may be had and
<br />the land described herein may b° sold, subJ ect to the urpald SndeD redness hereby secured, antl this mar*.gage shall
<br />continue as a lien for any unpaid Dalarce.
<br />(9) That the Mortgagee may extend and defer the maturity of nrd r?new and reamor Clze said SndeDtedress, release
<br />from ISab lilty any party liable thereon, and release from the lien hereof portions of the property covered hereby,
<br />without affer. flag the pribrity hereof or Lhe 11ab111 ty of Mor tgagors or any other party far the payment of Bald
<br />indebtedness, all such extensions, deferments, renewals, antl reamortizat ions to Ue secured hereby.
<br />{7.0) T-*ansfer of Security. It Ls agreed between the parties hereto, the!r heirs, legal representatives and assigns,
<br />that the Sntegr ity and responsibility o_* the Mortgagors constitutes a part of the consideration for the note secured
<br />hereby, and that Sn the event the Mortgagors shall sell, transfer, or convey Che property described herein, the
<br />Mortgagee may at Sts ep flan declare the entLre Indebtedness immediately due and payable and may proceed In the en-
<br />torcement oP its rights as on arty other default In the terms of the not -sad mortgage.
<br />(Words and phrases herein, ir,.c CudinP the ac krzaw ted~ment hereof sha E- bz cons'*+ied as in thz s{rg ular or yissm L
<br />numbers and as masculine, fem zn tine, r rzeuter geru3e accordsnl+ Fo e sea*_ext.)
<br />(SEAL?
<br />Ke~n/n2th.,/C4.3Ttiomp§6n J
<br />(SEAL) ~~jt~~trQ'L-~c~). .U~>h~/JIJ m~~rX~•nL)
<br />'^~~ Kathryn L. Thafnpson
<br />(SELL ! ( SEAL
<br />(SEAL? (SEAL)
<br />STATF, OF ~?_ 8 ray ~ w
<br />1 S.
<br />COUNTY OF~-- Gp ~~
<br />On tills _,~_day oT ~~~~r• A.q., SPI2..[_. Detore me, a Notary public !n and for said County' and
<br />State, personally appeared Kenneth C. Thomason (also known as Ken C. Thompson) and Kathryn L.
<br />Co me known to be the persons named In :md who executed the foregcing LusLrurnent, and acknow ledgad that they executed
<br />the same as their voLn7Cary act [znd deed. '
<br />My commis slon expSres "L=_.Lua~ ~ f~1.~'7 ,
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