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S. l'lItll ddalllt ill thl' I',.rrormallc" of t:ll' co\'t'llallls '"ld ,")-:"""lIll'lll' of this lIlortg,lgl" th.. 1I1111tg,'golS ,}".!I I,l' "I.titl...l
to collN:t thp 1t'llts, issucs all(1 I'lllfils from the prelllises hercillbefo!<' dt'snib..d, bllt ill (",1St' of a dd.lI.!t ill '1II\' IIf tht' 1t-1I11, III
this lIlortgagi" alld the filing of a bill tll folt.dllse this or any other IIwrtga)-:.' ell('llllbnillg till' withill .kscril",d PWPi'lt\', th..
,bsoei,\li(lll shall iUlm"lll:lteh- alld withellt notin' be l'ntitl,'d to th(' apl'oinlJlII'Jlt oi a H''\.Ti\'t'l of tIll' JlII,rtg,lgl.d propl'rl\", ,lIId
of th.. It'nls, isslles .\1\(1 plllfils theleof, with the lIsl!al power of Ih'\....in'rs in sll("h C.I,,"S, ,llId,"d. I\n,'in'r JILl\" 1)(' lOI;tillllt'd
,n pos,<l'ssio!l of tht' "lid Plop"lh' lIJ1til th., timt' of t!ie s"le tIlI'lt'of 1I11.!"1 slI("h fOI<,doSIlIt" .Illd IIl1lil tIll" "lI.fillllllil'" IIf,,"}'
".II' t" tIlt' CIIlIIt.
U, If.l (,.n\"cyall(t' slllll1l<l b., made by the mortgagors of the pll'ini,," hl'll'ill (It-scriht'd, or ,\I\\' P,lIt t},('I,'of, Wltholll
till' wlittell ."I""I,t "I II... A,soci..li"n, a\H1 withollt 'I,,"mptilln in rt'~lIbr fmlll of I.IS\' b\' thr' gr.llIt.,., of .},~, ohlig.,tilll;s to tIll'
\"ou.ltion nl'.Itl'.d 1)\ s:lid prlllnissor\' not.. alld this 1ll0rtg,lg", then, an(1 In th,lt ."'ellt, .Ind .It lh" IIplioll IIf tIll' \''')("1..1,,,,,
,0'.1 \\'itllllut !'lIticl', all SIlIllS IIf Illone\' "'("lIlt'd h('.('b\' shall imnwdiateh- ,md COIICIIIITlltiv ,nth 'lIch l'''ll\t'' .11Il'I' 1)('(11111(' dill' .1"'\
1'.1\".11>11' ^lId ill ddalllt. The Asso<:i,{tion may deal ~,-jth S1lccessors in inkre<;t with rdl'l~,IIt.., to this IIlt1rtg'lg.. and the d.,ht hndl\
"'("lIl('d in the same manll.'r as with the mOltg.lgors, and may f"rht'ar to \I\(' or ma\' ..\tl'lId till\(' fOI P:I"JlIl'111 (Of tl", dehl, W( IIf""\
hn..!.\", or othnwi,e act withont dischal~ing or in allY way affl'ding th.. li..!.ility of th,' 1I\l1lt~~,,~or' Ilt'fl'ulIlkr or IIpOIl thC' d,'bl
II/'reb\' s.Tlllel\' The Association lIIay aho de.11 wilh tlte, ~h'ltg'lgors alld or with Sllcu',",or, "' illtn",t ,\ ith rd"fl'IICC' to this
Illort~,lg" ,11111 tIll' d..bt hell,Il\' ""("llful !.\" forbe:uing to Sill', extelldillg thl' time for pa)"ln"llt of the debl, 1'1ll,'idillg for differellt
mOllthh' paymellts ,md/ol a differellt int.-rest lale, and by other expre~s modific;!tiolls of the ("Olltr.llt, without losillg ".1\' l'riorit\
tl... :\ssocialion has o\'cr otlt('f ll10rtgclgees or li"Ill.lf~ or hohlels of any jnllior intl'rests in ih., prop...t\' sl'c.lft,d llt'l.,I",
10, That in the t ''('III the premises 11I'ldl\' mortgaged, or ,111\' pal1 thereof. shall ht' l'olld,'lIIlll'(1 "".I laka'.. for pllblic II'"
lIIIlkr llll' power of eminellt donl.lin, the .-\s,oci'ltion shall have the right to dem,lnd tltat all dam:lges aW'lIded for tll(' takillg of or
.Ltlll"~"S to ';;li,1 premises sh:11l he paid to the Association, its SII('("l'S'I.r, or a,",igns, np 10 tI... "mollnt unpaid on thi, mortg,lgt' and
mav be ap;)\ie'd upon tht' payment or payments last p:,vable thereon.
11. It is specifil'ally agrecd th'lt time i, the essence of this conlrad ,uHI tl,,(t 110 wai,...r "f all\" obligatioll 1ll'Il'lIIllkr or of
the obligation sccured Itereby ,hall ,It any time tlwreaf1er be held to I>{, a wai\'er of the terms or of the instnunellt SI'cllft.d herd",.
12, If fOlec!osllfe proceedings of any second mortgage or secollJ trust del'd or allY jUllior li~'n of ';II\' killd shollld he imti-
tnit'd. the :\ssociati~lI\ ilia\' at its option, inlllll'lliately or thereafter declare thi, mortgage alld the indehtt'\lness S('("lIfl'd heleby dn.'
and pCI~'ahk
1:3. To tIll' I'xlt,,,t of the i"dl'ht,'dllt'ss of the ~lortg,l~ors to tl\(' .-\sso<:i,:tion dbcrihed Ill'ft"ill or snlll...1 Iwreb\", the Asso.
,iation is hereby snbrogated to Ihl' lien or 1i('Ils and to tb, right.; of the OWIH'rs and holdns tht'fl'of of ea,h alld t.,...~y mortgage,
lien or olIwr l'1I{,lImhrance on tIH' land d('s('fibed ht'rt'in which i, paid alld (or) satisfi,'d, in wholt' or ill part, Ollt of thp pro{,l'pds
of the \oall describt'd Il('lein or secnred hl'rl'h~', anll tIll' ft'specti\"l' li('ns of s,lid mnrt~agt's, liells or otlll'r 1'lH'llmbrallCes, shall pass
10 and Iw Iwld hv the Association h.'rein as Sf'Clllit\' for the illdebt,'dnt'ss to tIlt' Ass',ci,\tion Ill'reill desnibed or heft'b\' \{'('III('(I, to
the S,IIIlt' ('\~l'n~ -that it would Itave bet'n presl'lve;l and woul(1 h.lvl' hN'n p.I,,('d to and bl'ell h..J(l hy tl\l' Associ"ti",; had it Iwcn
duls, and H'gul.lIl\' assiglled, tl;lIlsferrnl. set o\'er amI deli\'ercd unto thl' Association b\' Sl'paratt' dt'('{l of assi~nment, uotwilhstalHl-
illg the fact tlLlt tht' same n IY be satisfied amI cancelled of rccord, it ht'ing the intention of tll(' p,lrties hl'reto llLlt lht' S.llI\l' will
Ilt' s,,~isficJ alHI cancelled of record by tlw holders therr'Of at or abnllt the till'c nf the recording of this mort gag..,
14. To P'IY all amI sillguhr tht' cosls, ch,llges. "1Il1 t'xI){'ns('s illclndillg hwyer's fl'..s, reasonably ill,'lIffl'd or paid at all\'
tim.' h\' the :\SSOCi,lli'1I1, h.T'IIIs{' of tIlt, failllf(, of tht' ~lortg,lgors to pnform, com pI\' with an,l abidl' bv t'"ch and t"TIV stipuI..,
tiollS, ,l'.~rl'l'IIIl'llh, conditioll' ,,1,,1 C()\"'Il,lllls of said pnlmissory Ilot., alld this dt'ed, or t'itlt('\", ,lIlel I"Tr~' sllch P,I\'III"lIt slLl1I Iwal
interest frolll datI' at tlte r.lk sLllt'd in tlt,' noll' Sl'{"lIft'd hl'rl'l)\',
1.'1. TIL,t he will pnlllit, COlllmit, or sufft'r IlO wastc, imp.linll('llt, or dt't.'rioratioll of "Iiel proPl"lt,. or ,Ill" lurt tlll'fl'lIf.
and ill tbr ("'t'llt of tIlt' hilllr(' of the ~Iort~"gors to kt'ep tht' bllilelillgs 01. qid prl'miSl's ,11111 tlllht' to h.. ('I,'d..d Oil s,lid plt'1I1is('"
or illll'w'TlIIents tlll'rt'on ill good repail, tIlt' Associ"tion may make and pa\' for slIch rl'pairs as ill its di"'I...tioll it m.I\' dt't'llI
nc("e",lr\' fOI the plopl'r pIl's..rvcltion thereof, and tll(' filII amount of suclt P,lYJlll'lltS shall Ill' s,'('ured b\' tl\l' lien of litis mortgagl'
,"111 shall at thl' option of the Association I){' imnwdia!ely dill' and payablt,. nr payabh' ill sllch rnollthl\' illstallmellts ,IS tIlt' Associa-
tion maY dl'l("rmilll', and .'\'('rv sllch payml'nt shall hear intnest from date at tbe r,lIe stated ill thl' Ilotl' st'c\llt'd Ill'rt'hv.
16, Tit"t if the .-\ssoci"tion and the \lortg,lgors agree, the ~1nrlgagols will carry a policy or p"licit's "f iIlSIlf,IIl((' Up,lll
th..ir lin's in ,". 'illWllllt t''l"al from timl' to time to thl' amount of il\(1<-btedllt'55 h(,ll'b\' "'('lIr..d, m,lkillg sai,1 .-\"ociatillll IWlldi,
ci'lIv th('re\llld..r, anel tILlt the s:lid Association may pay the premillrll' for s\lc!. itlSllr.lll('(' (in tIll' evcllt tl\l' \(ortg,lgm, do Illlt I.
and aeld c;,('b such pI:-'mcllt to tht' unpaid halallC'l' of thl' loan, as of the' first day of tlJ(' then eurn'llt IIlOlllh. a:\(1 it ,ball h.'Collw
aeldit't n:::! lllcll'btt'dm'ss Sl'cllfl'(l by this mortgage payahle U[1011 dt'malld,
17, 'I'h,lt in tbe ('vclll th'lt this m..rtg:lg.. be gi\"('n to Sl'C\lre a ("o,,,tl1lC'lion loan, failllre Oil tlw p,lrt of ,ht, \lmtg,lgors or
their l'lIlltr..ctors to complete ,aid huilding ill accortLmce with C"llstructioll 1.0'\11 Agrt'elll"lIt. of I"TII d"t" h.-rl'with. or to 11I1i!d
said l'onstluction in accordance with plans and specifications filed with the Association, slt,.Il constitllt.. a Im',l("h of this ll",rtg.lgl'.
, alld. Oit the o['tioll of the Asso("i"tjon, immediatl'ly malurc the elltin' .I11l0llllt nf prillcip.d alld illt..It'st It("~( by SlTllred alld the :\"",
l'i:ltion ma\' irnml'diat,'h' illsti!lll., proceedings to foreclose this 1O()I!glgt',
l~, TII:tt the ahstr.lct or ah,trads of title cowring the mortg"~l'(i propnt\' sh,,1I al all times, dmillg tlte lift. of this 11I011
gag". ft'mclin ill the I)()Ss,'s,ion of tIll' .-\'iso("iation :lIld ill the e\"ellt of t11<' f"reclosurl' of this lIloltg'lge or ot!wr trall,fl'r "f tltlt' to
llt" IlImtg.lgl'd property ill exti'lgllishllll'lIt of tk, imll'btedrtt'ss si'cuft'd J.l"Il'bv, all right, tit]." ;llld illtcrc"t "f IIII' ~Iorl\:..gors ill
alld to any such abstLll'ls of litle ,hail P,lSS to lhe purchaser or gr.U1ll'e,
19. Tht' Associatioll shall ha\'l' the ri!,\hl. in its disC"ll'tion, to re<[uirt' tJut the ~lort~,lgors P,IY illlo tlte Ass()('i,rtion in :Hldi-
tioll to the monthly illStallmenh of plincipal and illlt'res! to bl' paid by tIlt" \Iorlgagors llllder tll<' noll' Sl'I'III",l by this mort g,l !:Ce ,
,Ill all1()tlllt t'qu~.I to oIH,.twelfth of the ;Illnua! insLtllmenls of an\' 1;1'\I'S dn tl1l' l1l'lItg;lt:e<! premises k,'j('d or ",,('ssed h\' all"
g()\'lillllwlltal authority, and ollt,-tw~,;rth of tht' allnllal premiums for Fill' anti E\lt-Ildl'll Co\'t'r.lt:''' illSllrallc(' Oil tll(' mortgaged
premi;:cs as Iwrr'illhdor.. re<[uired b\' tht' Asso('i'ltioll, ,l1Id the \lortg.l!:;ors' fatlur(' to make sllch pa\'IlH'lIts s!ull ('ollstitllt" a dt'Llltlt
lllHi( r thi" !IHHt~agl'.
1:\ \\Tr:\l'~SS \\'i1EHFOF. tilt' s,lid ~1or!gag('ls 11<'1l'lIlIto sd tlwir klllds ,"ltl s'-,a1s lhe .la,' ~lIld \""ar first above writt"l!.
Sigll'.'d, '('<1"'<1 and de)j.'.cI!:51 III the plt'sUll'e 01:
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;;/'./ ~.loyGrL<T'--..----
;J/~~27?2~:~:~,;L <),"/(SI-:.".I
Jifu'Iny Sharp~/, (/
,Y _;/};{--ltl / ~ -i.e-?.!?r (SEAL)
N"ora Sharpe ,/
( SEAL\
(WIINESSES)
(SEAL)
(/,lO.IGAGOR:;;