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83.-r0~494~
<br />`.~.. {.{) 7$aC Sn the event the !!orLgegors fall .n pay fifes due a[tv taxes. dens, ,;udgmer;ts, or assessments, or fall to
<br />) saintain insnranee es herelnDetore provided, or "ail to pay rents. fees, yr charges under the t?Erns of any lease,
<br />pet7n3t, iiaeltae, or prlviltg~e; or Mortgagee is required Lo incur expanses tar aDStraet tees, attorney fees; costs,
<br />y ~ expanses, and other cgargea iR caanectian with 1ltigation, Mortgagee may make such payment or provide such insuranl:e,
<br />Ea' intril' such obllgaLioa, and the 9fltaancs pa1G therefor shall-became a part of the indebtedness sectired hereby due
<br />bad paysbie SaiAlediately, and she}1 bear interest .fray tie Gate o.* payment at the same rate as provided for default
<br />} i:i the ndte~
<br />~~ ~ ~
<br />1 {5) 711at~lathe event any awards ere made to the Mortgagors ar their successors In interest for taking or damaging
<br />by the exercise of eminent domain 'he wtsole or ary part of the mortgaged promises or a[!Yy easement therein, the said
<br />-: ~ awards a8'B heratiy assigned to the Mortgagee; the tior*.gagee is hereby authorized co collect, receive, and reeelpt
<br />i ~ therefaT~ etid to apply the same in payment of arty indebtedness, matured or urlmacured, secured Dy this mortgage.
<br />-~ {Bj That in the event Mortgagors default in the payment of sa1G prineSpa2 sum, or of env SastallmenL thereof, or
<br />-af aby-interest-6hereon, at the time whey. the same shall De due, or with ;expect to any covenant or condition here-
<br />,, ~ of, than, at the-option of 1~rtgagee, the entire indebtedness secured hereby shall forthwith became due and payable,
<br />8ha11 bear interest at rile default rate described Sn saki note, and the Mortgagee m~v immediately foreclose ails
<br />?. i mbPtgage ar pursue at4Y other available legal remedy.
<br />{~k 171st in the event action is brought Co toreclaso Lhis mortgage, the Mortgagee shall be entitled co Smaediate
<br />~'' ~ pasaeasion of the mortgaged-premises, and the Dourt may appoint a receiver Lo take possession of snid premises,wSth
<br />,+ i the usual powers of rereivers to like cases.
<br />,j f8] That failure or delay of Mortgages to exercise any of its rights cr privileges shall nor. be construed as a
<br />waiivsi thereof; that attyr act of Mortgagee waiving any spacltic default o1 Mortgagors shall not bs construed as a
<br />waiver of say future defaults; that In case o1 default ir. the payment oI any amortization installments or interest,
<br />or in oase of payment by Mortgages of arty lien, ludgmant,tax, insurance, cost or expense, or rents, fees or charges,
<br />,, } said Mortgagee shall have the prlviloge, without declaring the whole indebtedness due and p~vable, to foreclose on
<br />i aacount of such speaific default Ior such sums as are in default and such foreclosure proceedings may De had and
<br />;' ~ the land described herein may be solo, suOJect to the unpaid SndeDtedness hereby secured, end this mortgage shall
<br />coalLinus as a lien for a[ty unpaid Daiance.
<br />~s(
<br />t p) That ilia Mortgagee may extend and deter the maturity of and renew and reamortl2e said Indebtedness, release
<br />from liability any party liable cherean, and release from the lien hereof portions of the property covered hereby
<br />without atTsctltig the priaM ty hereof or the liability of Mortgagors or any other party far the payment of said
<br />tbdebtedneas, all such extensions, deferments, renewals, and reamortlzations to De secured hereby.
<br />~~i - {1.0) 7raaafer of Secarity. IL ls_agrsed Cetween the parties hereto, their hairs, legal reprensbtatlves and 9aslga5,
<br />that the lategrity sad responaibil ty of the Mortgagors constitutes a part o1 the conslderatlon for the note secured
<br />hsregy, and CImL in the-event she Mortgagors shall sell, transfer, or convey the property described herein, the
<br />' 1 pprLg6gee may at its opGlon deaiare the entire indebtedness immediately due aaM payable and may prooeed Sn the eA-
<br />'9 1 f t 1n fhw Tartu P ^T
<br />' ~ a11-ieercent of its rights as an a,~y; ati:er de.aul., sot tD_ n__e and mortgage.
<br />? {Y s awd }lhrases /~rein, iryrycc11rd.inp the aeknofutei~ment hereof shall he construed as in the sinQutar or plarai
<br />rs arld as wmscuL.ine, fesindtte, br ntutef ga+da xcordtinq ~o the contert.l
<br />_ _ /'
<br />,, 1 - - _ ,J ~ _ ~ f?
<br />1 ;SEAL)+.,~ ~•-`,-._-..<._-_ /~.~/~ _.~-%`"...~~SEAL)
<br />~ Dennis M. Sea
<br />iSEAL) '"t` - +ir lstsAi+)
<br />,_ Joyce L. Senff
<br />{SEAL] ~SSA~)
<br />`~
<br />t~ T
<br />-_T iSEAL1 (SEAL)
<br />f^ fjz gS,
<br />~ ciru~rr o€ .-,,:~-~,,..~..r t
<br />t;fl thi~day of ~,~, ~,•~ •+.r A.;.. .d.~,.: Da'e-r~~ ;~~, ~ th~ta€-y 111D11e in a?i; ?cr +aid txunty and
<br />`) Dattni.e M. Setif T' and Joyce L. Senff, husband eitd wife,
<br />r gt~~, psEs<„ri~i'-y „ns -- - -_ _ _
<br />;! ~
<br />~~ ~~ to me Rltorm to Da the !n a[1d who executed t.n*: foregoing Inst..^t>m ut~a'pd ack,~awl~ad shat they executed
<br />;F the 9a1a9 9a their value - dee'u. rf, r ~,~,~: ~' ~.:.Jri.`~'.'~'1~~p`.~
<br />I
<br />i ~ {gr aci&alan expires ~ -- t'•` r°, - ~ '= ~A~' `l ~s "-1~-
<br />+[ ;i ~ lType or print. nsew d r siy •t ur~l
<br />~ f ~ Notary "uDlic Sn :old for ;laid ;;aunty end State
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