|
<br />~~.--- aft?:~~ ;~~ ~. ~.
<br />- !~) lhat In tie ouch( the Mar..~agors fait to ;,'sy ~'teT; '~~e a;,y tazeu, - _;t_>'r:u„ -~ e^:,~., .;r fall r
<br />~aln*.aln Insurance as hereinbefore provided, or - +-. '-^ pay re.*,ts, fees, a -;.a -~ _rye,= i~-e r,-, ~1' any y,se~,
<br />- pefait, lice.*.se, or privilege; or Hort~gee is ~ufred to incur =_xpense., .c. _bs ,.vet :zz-, x,tv.~:-i fees, costs,
<br />expensea, amd other charges ir, ec~rmzeL ltr, wi L, 1l tigaLi :,, Mortgagee may ;.wk - ~rh ;a•,~;fznt er provide such Insurance,
<br />~~ cr incur such obiigati~, and the amounts paid therefor snail re^D~e a pa t?;z .nette;inesa sFF+rred nere~9 due
<br />:t and payable imspeGiateiy, and shall Dear interest *rr~m ~e date of payment xt w e sa,~ ::te as pr~+...~" 'or dzfavlt.
<br />' !~ in the note.
<br />_( (5} 14tat in the Brent any awards are madz to the Mortgagors or their successors In Interest for takia3 or damaging
<br />-- by the exercise of eminent domain *.he whole or arty pert of the mortgaged premises or any zasemeht therein, the hold
<br />~~j awards are hereby assigned to the Mortgagee: the Mortgagee is hereby autitnrl2ed to rrllec*_, receive, and reezipt
<br />~'.; therefor and Lo apply the same in payment of any indebtedness, ^atured or urratared, se^ure6 Dy this mortgage.
<br />`~ (B) That in the event Mortgagors default Sn the payment e.* maid principal su.^., o any .nstalL:.art -:hereof, c
<br />ji 'ot any interest thereon, at the time when the same shall be d,~e, or nlth respect to sriy covenant or ~^onditlon here-
<br />of, then, at the option of Mortgagee, the entire indebtedness secured hereby shall forthwith become due and payable,
<br />- ~!~ shall bear interest at the default rate described 1n said note, anG ±he Mortgagee ;nay incnedlately foreclose this
<br />ij j mortgage or pursue arty other available legal remeQj.
<br />(7) That in the event action Ss brought to foreclose this mortgage, the Mon*.gagee shall be entitled Lo immediate
<br />possession of the mortgaged premises, and the court may appoint a receivor tc *_ake possessinn cf sold premises, with
<br />j` Cho usual powers of receivers in like cases.
<br />FtF {8) That failure or delay of Mortgagee to exercise any of 'ts rights or privileges shall not be construed as a
<br />:,J waiver thereof; that any act of Mortgagee waiving any specific default of Mortgagors shall not be construed as a
<br />`~ waiver of only future defaults; that In case of default in the payment of any amortization Snstali.ments or interest,
<br />!!~ or in case of payment by Mortgagee of ar>,y lien, judgment,tax, insurance, cost or expense, or rents, fees or charges,
<br />_ ., said Mortgagee shall have the privilege, without declaring the whole SndeDtedness due and payable, to foreclose on
<br />(~ account of such specific default ..nor scch sums as are in default and such foreclDSUre 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 alien for any unpaid balance.
<br />t
<br />!;~ (9j That the Mortgagee may extend and defer the maturity of and renew and reamortlze said indebtedness, release
<br />'~! from liability any party liable thereon, and release from the lien hereof portions of the property covered hereby,
<br />}~i without 3ffecting the priority hereof or the liability of Mortgagors or any other party for the payment of sold
<br />`^ indebtedness, all such extensions, deferments, renewals, and reamortizatlons to be secured hereby.
<br />) (1.4) Transfer of Security. IC Ss agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />t{ that the integrity and responslbillty of the Mortgagors constitutes a part of the consideration for the pate secured
<br />y!i hereby, and that in the event the Mortgagors shall sell, transfer, or convey the Dropzrty described herein, the
<br />ill Mortgagee may at its option declare the entire indebtedness lmmedlatelY due and payable and may proceed in the en-
<br />r+„ forcement of its rights as on any other default in the terms of the note and mortgage.
<br />L ~ (Words and phrases herein, i.ycludinpp the actm.owledgwent F.ereof, shall 5e construed as irz the singular or 4lssral
<br />!(i nusbers and as masesstsne, je+sxnine, i5r neuter gende~ according to the context.)
<br />/~ ZGa.
<br />(SEAL) "~''7 4'/7~L { "7'('"I+"~ ~ "Y~` (SEAL)
<br />/( egp~y A. Hopk 4 s
<br />,SEAL) ~~r;~-~~ ~ l'121I~ (SEAL}
<br />Gale R. opkins
<br />STATE DF
<br />(SEALi (SEAL)
<br />(SEAL) {SEAL]
<br />~ ~ /` } ss.
<br />COUNTY OF..~,~~ J p/
<br />4n LhiS~1~.._day -- -~ ....,.. i92=, ''..'ef_._.. ..._. = n_~.~y ..._i._ ... ,_.._ .~. ~~._ ~~W^*y =nd
<br />state, personally appeared Gregory A. Hopkins and Gale R. Hopkins, husband and wife,
<br />to me known Lo be the persons named Sn and who executed the :`oregoing instrument, and acknowledged that they executed
<br />the same as their volunt~ayrly act antl deed. ~~J ~~// '
<br />My commission expires./ ~ ~2~ C,~~~'}"<lL~sti~ j ,
<br />M~ ~~~ ~ .Tj r>tiiV 1 L T, el~B,~ t!S'
<br />(Type or pr lnt name der signature!
<br />wq~,y,y~liMA4~fM Notary ?ublic In and for said County and State
<br />
<br />o ~
<br />f+
<br />Lp'
<br />Z
<br />w
<br />0
<br />L
<br />.~
<br />~-
<br />A
<br />-t
<br />.3
<br />'.r.
<br />~
<br />~ ~
<br />I
<br />Y
<br />C
<br /> q
<br />6{ b
<br />W
<br />~, L ~
<br />C 4 L
<br />9
<br /> g:
<br /> o=
<br />$ „
<br />~ ~
<br />C-
<br />_
<br />.
<br />
<br /> t
<br />l:
<br />t
<br /> m
<br />e~
<br />% b
<br />' y
<br />~ y
<br />
<br />w "
<br /> ~
<br />G
<br /> ti
<br />N
<br />~ O
<br />~
<br />
<br />
<br />
<br /> Y
<br /> u
<br /> o
<br /> ~ ~ '
<br />H '
<br />
<br /> r??
<br />
<br />[~
<br />j
<br />b
<br />b
<br />z
<br />O
<br />4.
<br />L,
<br />N
<br />4.
<br />a
<br />y
<br />9
<br />6~
<br />5
<br />{
<br />
|