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<br />$I-rav6046
<br />{4) 'that in the event the Mortgagors fail tc pay when due a[>;Y taxes, 12ens, +ud~ner•ts, or assessments, or fall to
<br />®alntain insurance as hereinbefore provided, ar tall ro pay rents, fees, cr charges under the terns of any lease,
<br />peralit, license, or privilege; or Mortgagee Ss required to incur expenses for abstract fees, attorney fees, casts,
<br />expenses, and other charges in connection wfffi litigation, Mortgagee may make such payment or provide such insurance,
<br />or incur such obligation, and the amounts paid therefor shall become a part of the indebtedness secured hereby due
<br />and payable Srmaediately, and shall Dear Sn terest tram the date of payment at the same rate as provl tled for default ''..
<br />Ln the note. ~.
<br />(s) That Sn Lhe event ar~V awards are made to the Mortgagors or the~_ :cessors in interest for taking er dsmag]ng
<br />by the exercise of eminent domain the whole or arty part of the mot cgaged premSSes or arty easement therein, the said ~..
<br />awards are hereby assigned to the Mortgages; the Mortgagee is hereby authorizetl to collect, receive, and receipt
<br />therefor and to apply the same In payment of arty indebtedness, matured or unmatured, secured by this mortgage. ~,
<br />(B) That Sn the event Mortgagors default in the payment of said principal sum, or of any installment thereof, dr
<br />'of any interest thereon, at Lhe tY..; when the same shall be due, or with respect to a[>,y covenartt or condition here-
<br />of, then, at the option of Mortgagee, the entire lndeb twiness secured hereby shall forthwit?1 become due and payable,
<br />shall bear interest at the default rate described in said note, and Lhe Mortgagee may immediately foreclose this
<br />mortgage or pursue aqy other oval laDle legal remedy.
<br />(7) That in the event art ion is brought to for=close this mortgage, the Mortgagee shall be entitled to immediate
<br />possession of the mortgaged premises, and the court, may appll nt a receiver to take possession of said premises, with
<br />the usual powers of receivers to like rases. '
<br />(B) That fal lure or delay of Morc'sagee to exercise ahy of Its rights or privileges shall not be construed as a
<br />waiver thereof; that aqy ecc of Mortgagee waiving any speclYir, default oI Mortgagdrs sh811 not be^. 'C:-ued as a
<br />waiver of arty future defalA cs: Chat in case of default In the payment of any amortl nation lastalimen is for interest,
<br />or Sn case of payment by Mortgagee of arty lien, Judgment, tax, Insurance, cost or expense, or rents, fees or charges,
<br />said Mortgagee shall have the pr Sv liege, wt Chout declaring Che whole indebtedness due and payable, Co foreclose on
<br />account of such specific default. for such sums as are Sn default and such foreclosure proceedlrgs may De had and
<br />the lend described hereto may be sold, subJect to the unpaid indebtedness hereby secured, and this mortgage shall
<br />continue as a lien for any unpaid Da!ance.
<br />t 9om liability Many gpart.y 11 sD le here n,landrreleas etfromy the lien thereof nportlons oif the propertyc covered hereDye
<br />without affecting the prlorlcy hereof or the 11abi11ty of Mor;; ;agora or arty other party for the payment of said
<br />indebtedness, all such extehsions, defernents, renewals, and reamortSzati ons to be secured hereby.
<br />(]0) Transfer of Secu^1 ty, it is agreed between the parties hereto, their heirs, legal representatives and assigns,
<br />rrwt the integrity ann r _ etDil lry .or me ;yprrgag4r'S c nstl*_utes a part Of the consideration for the rote secured
<br />hereby, and that in the nevent *.he Mortgagors shall sell, transfer, or convey the property described herein, the
<br />Mortgagee may at its optlen declare the entire Indebtedness immediately due and payable and may proceed Sn the en-
<br />farcement of its rights as on arty other detau It in the terms of the note and mortgage.
<br />/Fords artd flh+ases he+e ir., the (ur?in.~ th_^ x know ia2~mz nt hz+e of she Ll be coast+v.ed. as in the singular a+ glssra:
<br />nuwbers and as wasculene, feasnare, D+ neuter gFnde according" fo the~~,clon/t_ext.) /~ ~~
<br />`SEAL) Harold oppe sEAt.)
<br />(SEAGJ ~i1(SEALI
<br />PP
<br />,~ /y~J ( SEAL ) ( ; EAL )
<br />STATE QF /"/"^'
<br />COUNTY OF _L~
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<br />3[ this - day C-° __ j?'7~ f:f ti..... 1:~~. .. _._. ..._ • .i^_t~ „ .-.It1 .t :n ..c± f:,. ...?;: .... ...•..
<br />,.}
<br />state, personally appeared Harold H. ~. Foppe and Lila M. Poppe, husband and wile,
<br />to me known [o De the persons named 1n and who executed Lhe fore3olrg Snstrwnettc,~uu?a~•kr:?wiedged that- they eXecuceC
<br />the same ss their vo1wlC:uy act and dHeu".
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<br />nf+ commission exp Sr e:; _,_,_ _
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<br />I -YPe r pin[ der a g alt urn I
<br />Notary PuDlia to -md .or sold County artG titate
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