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<br />(a% That in the event the Mortgagor:: fa 1 to ., f wtuer, ~e ~:, _T _~ -ptia-n-. ~;r - er*. r_r 1 0
<br />main talc Snsurauce as hereLaGefore ;, -v Gie~~'r a1. ,, ~ - -. - av a re -.. -. ^f;. -W ~ea~s -
<br />permit, license. or privilege; or MortgisgF~w is -e.talred ~ i..-.-.:' _zg...sa,s .- ..-c_ _ees, atto:sey e.., e-0s„s..
<br />expenses, and other charges LZ connection wSth litigation, Mortu,Zgee may -axe ypay-eat or y. ovide such insurance,
<br />or Sno'.u~ such obiigatlort, and the amounts paid therefor shah *ueco~ae a rar c:"*De indebtedness secured hereby due
<br />and ,*,'ayaDle Susrediacely, and shall Gear Interest frr~ the dare of paym:,i*. at the sa,~ :ate as ^rovided .'c* eF + t
<br />_ d aLl
<br />in the note.
<br />{~) That in the event any awards are made to the Mcrtgagors o^ their successors is Snterest for taxing or damaging
<br />by the exercise of eminent domain the whole or any part of the mortgage? promises or any easement thereon, the said
<br />awards are hereby assigned tb t*,a N4rtgagee; the Mortgagee 's h~reG; -.:thori2ed to collect, receive, and receipt
<br />therefor and to apgly *.he same in payment of arty '_ntleb*.edness, ^atured or :u'iaat,lred, secured Gy this mot±gage.
<br />(B} That in the event Mortgagors default Sn She payment of s~ d prfnMCa2 sum, cr of any inst311ment *herecf, cr
<br />of any interest thereon, at the time when the same shall De due, ar with respect ro any covenant er ccnditicn here-
<br />of, then, at the option of Mortgagee, the entire indebtedness sec;v^ed hereby shall forthwith become due anQ payable,
<br />shall bear interest at the default rate described in said note, and the Mortgagee may immediately foreclose this
<br />mortgage or pursue ayr other available legal remedy.
<br />(71 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 pessession of said premises, with
<br />the usual Bowers of receivers ir. like cases.
<br />!eJ That ..*al lure or delay of Mortgagee to exercise any of its rights or privileges shall not be construed as a
<br />waiver thereof; that ar>,y act of tortgagee waiving arty specifis default bf Mor*.gagors shall not be construed as a
<br />waiver of aqy future defaults; that In case of default in the payment of arty amortlation installments or Snterest,
<br />or in case of payment by Mortgagee of aqy lien „)udgment, tax, insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the privilege, without declaring the whole SrdeDredness due ant payable, to foreclose an
<br />acco,utt of such specific default for such sums as are ir. default and such foreclosure proceedings may be had and
<br />the land described herein may be sold, subJ act to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as 3 lien for any unpaid balance.
<br />(8) That the Mortgagee may extend and defer the maturity of and renew and reamortize said indebtedness, release
<br />Stem liability any party Liable thereon, and release from the lien hereof Fert ions of the property covered hereby,
<br />without affecting the priority hereof or the liability of Mortgagors or any other party for the payment of said
<br />Indebtedness, all such extensions, deferments, renewals, and reamortizatibns to be secured hereby.
<br />(S.O) Transfer of Security. It is agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />that the integrity and responsibility of the Mortgagors constitutes apart of the consideration for the note secured
<br />hereby, and that in the event the Mortgagors shall sell, transfer, or convey the property described herein, the
<br />Mortgagee may ar its aptlen declare the entire indebtedness 1.mmeCiately due and nayaDle and may aroceed in the en-
<br />forcement of its rights as on aqy ether default ir. the terms of the note and mortgage.
<br />(Aords and yhrases herein, inclvdinp the acknowledgment hereof shalt 5e cons*rued as in the sinyutar or tilural
<br />nuabers and as +~sculsne, feminine, Br muter gender, according ~o the cortex Q~ yC,~
<br />(SEAL1 ~~~J(!"~~ Lem" (SEAL}
<br />Richa d W tt
<br />(SEAL) ~~~'t-f~-"'~^- ~/ (SEAL)
<br />Darlene D. ett
<br />(SEAL1
<br />(SEAL}
<br />;SEAL; (SEAL)
<br />STATE OE ~f rr' L"'n
<br />~~ Gi/f
<br />COUNTY OF 1Y ~~t ~C V J .
<br />t~ chSs~_day o.* t'-'c?~o~a4..: A.p.. 10 ~/ bFr~ra ma, ~ yor.a^y rur_.'_Sc '.. ___ :t_ ~-aid L_:.r,.ry and
<br />sta„ ,, ,sonaliy agpe_..,., Ri^hard ?? M.effett and Darlene D. Mcffett hus'uand and wife,
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