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S. Clltt! dl'LllI1t ill thp l'"rfu,m:ltlcc of the eon' II a Ills alld agll"l"IIIl'lIt\ of this mOltgag." thl' 11l,,,tg,lgOIS \1l:lll b.. l'lIlltk,!
III coll('("t the 1~'llts, iSSUl?s alltl profits frolll th(' premises hpreillbdo~l' dl',,'rillt'd, but il! C.IS!' Ilf a d..fault ill allV of thl' It-II''' Il[
this mllrtgag.., alld thl? filin~ uf a bill to fllfedme this or any other mOltgagl' l'lIculnl)t'ring tilt' \,ithill dl'scribed prop"rtv, tilt'
,\ssoci.\tiull shall imllll'<.li.ltl'h- '\l1l1 withuut notil'l' be l'ntitl",1 to till' ..ppointml'nt of .. Hl'(:('ivl'f of thl" lIlortgag..d propnh', and
Ilf tilt' rents, iSSlll'S and profits th1'll';"f, with th.. lI'>lul pO\\"l'r of Ih'(.'I'ivl'IS ill slIch eases, :Il,d ,,'eh I\t-l"..i\"l'r mav he COllti,IlIt"!
III 1'(I';l',sio!l of the s,li,1 p,-,'pert\. IIl1til tll(' tillH' of the 5,11.. tlll'H'of ulldl"r sueh forl?c-!oSIlH', ,lIId lIlIl1l tilt' <,,"fi'-"l.ltillll "f ,,,,,1.
"dl' 1>\' thl' C,,"r!.
H, If a cUllvey,wce shlluld be mad.. bv th.. lllLlrtgagors of the jH"mi,",'s 1ll'll'ill ,h',ni!ll'd, or ,In~' part thl',,'of, \\ itl'(lllt
tIll" writtell COII."'1I1 of tl", Associ,ltio", alld \\itllOllt assulllption ii, r..~ula,- f01l1l "f bw bv the glalltl,(, (If t"', ohlig"tiulh to till'
\"lIciat:OIl l"l";lted bv said promissory 1I0tl' ,wd this Inortg.lge, then, and ill that l'\"l'lIt, alld .It th.. ol'tilln (If tIll" :b"'ll.tllll'
,II'" without lI"tin" all SlllllS 0:' mOIlt'\. 'I'(',"..d hl"lehv shall imml'diaklv alld COIIClIlIl'lItlv with \\",h lOII\"\,lI',,,, I....c,,,,,l' d"l' ,uIlI
I',IV..I>I.- ami in default, The Associ'ltion may deal \\;th successors ill intereq \\'ith rdl'l~'IICI? to this nwrtga'gl' alltl tllp d..ht hl'rl"l"
'('l'u,,'d in the samemalllH'raswiththemortgagor,;,alld mayforl>I,.lrtoSlIt'OrlltaV1"t"'llltillll'forp,I\'IIII'lt (lfth..de},t, "TIIIl'd
hell'l,,', or ntlll'rwisl' ,\("t without discharging or ill ..11\' way affedillg Ihe lia[)ility of tbe mortgagors hl'H'ulldl'f or upon the d,.},t
h I'll' 1)\' "Ture(!. The Association may ..Iso de.r1 with the Mort~a~ors {WI, or with SlltTI'SSOrS ill inter..st with rderl'IK(' to this
1I\l'rt~,I\;" ,,1\(1 thc deb: herel,,' "Tllfl'd hy forb1'alin~ to sue, exll'lIdiIH?, the time for pa\"IIH'lIt of the debt, I1fO\'idillg f(lr differellt
Inollthly pa~'nH'lIts ..nd/or a differl'lIt illtl'rest rate, and by other cxpress 11\l.dificaliuns of the l'ol1tr..d, widl('"! I,,,i"g ''"\' prio...!\
the :\ssociatioll has over otht'r mortgagees or lil'lIors or holders of any jUllior interests in the prop,'rtv "'CUrl'd Ill're},v.
10. That ill the (vent the premises Ill'rehv lllortgagpd, or ,IlIV part thereof. shall 1)(, ,'ondl'llllll"(l alld takl'lI for pu}'lic ",",'
ul1l!.-r the 1)(lwI'r of eminent donl.lin, the Association sh..ll have till' right to demand tbat all damages awarded for 11ll' taking of 0'
d"nLlges to s.lid premises sball he paid to thl' Asso,'iatioll, its suen's,ors or assiglls, up to the amount IInpaid on this mortgage alld
ma\" he ap;1Ii1'(! upon tbe payment or pa~'ml'nts last p.l\"abll' tlH'rl?oll,
I I, It is specifically agrl?ed tlut time is the essenc(' of this ('ontrad and tllat no wai\"er of an\" obligation herelUldl'r or of
thl' ublig..tion secured hereby sball at any tinll' thl'reafter be hdd to be a waiver of the tenns or of the inslumH'llt s..cured herd.)\",
11. If fOf('(.']osure procl?pdings of an~' second mortg'l~c or sp('ond tmst dl'ed or any junior lit'n of ;;n\' kind should hI? insti.
tuled, tbe Association may at its option, immediatel~J or thereafter dee\are this mortgage and thl' illdl?btedne,ss Sl'('url'd hereby dUI'
and p,lyable,
13. To thl' I'Xll'l1t of the il1dl'blt-dnpss of the ~Iortgagors to till' Assoeiation dl'scrilH'd Ill'fl'ill or Sl"l"IIfI'd 1 Il'rl'b\" , thp Asso-
l'i,ttilln is hl'rl'by subrogated to thl' lien or liens and to the rights of Ihp o\\"I\('rs and holders thpflof of l'acb and ('very mortgag..,
lil'n or other ('ncumhran('l' on tbl' land described bprl'in wbich is paid alld (or) satisfil'd, in whole or in pilrt, out uf the proceeds
"f IIH' loan descrill1'd herein or sl?('lIfe(1 hl?rphy. and the rl?spl-eli\"(' !i('ns of said mortgages, !il'ns or othl'l ('I\('umhrallces. shall pass
to ;1I111 }" 11l'1t1 hv the Assul'iation Ill'rein as security for the indebt1,dnl'\s to thl' Ass'l1'iation herein described or Ill'rl'bv S('-'\lrl'd, to
tIll' S,lme n~ellt 'that it would h:H'p heen preserve<1 and would ha\"(' heen Il.Iss,'.! to and I"'l'n helel by the .\ssoeiatioli had it bN.'n
dll'" and regnlarlv assi\;ned, tr,lnsferrl'd, Sl?t oVl'r ami ddivered nnto th(' :\ssoci'ltinn b.... separ.11e del?d nf assignmpnl, notwithstand.
ing the fact tlut the sallle may be satisfil?d ami eancdkd of record, it b1'ing Ihe intelltion of the p.lrties Iwreto that tht' same will
he s:ltisfil?d and e;mcdkd of fl'(.'onl by thl' holders thl?reof at or ahout the lime of thp re1'ording of this mortgage.
lei, To p,IY all :lnd sin~ular the eosls, eharges, and expensl?s illcluelillg lawyer's f"I's, reasonably incurred or paid at an\'
tillll' Il\' the Association, Iwcau51' of the f..ilme of the ~Iortgagors to 1>I.'rfonn, ('ompl\" with and abide bv I'aeh ami e\"erY stipula.
tions. .I~n'l'ml'nts, conditiolls and ('lI\"I'n,mts of said prolllissory noll" amI this deed, lIr I'itlll'r .11,,1 I'\"l'rv slIch pannenl shall Iw.ll
interest from datI' at till' rail' stal1'e1 in the nOle sl~'uft,d la'reb\",
1,,), Th"t he will pennit. commit, or slIffer no waste, impainncnt. 1If dl'll'rll.r"tion of "lid prupl'rt\' or ;1I1~' part t!lt'rellf.
and ill thl' 1'X"('nt of till' hi]url' of the \Iort.~agors to ke.ep thl' hnildings 011 s,lid prl'lIli.,..s and those to he "[1'ded on s,lid prl'lIliS!'s,
or illlpron'lIlents then'on in good repair, the Assoeiation lIlay 1Il.lke :11,:1 pay lor snch repairs as in its dis1'rl'lion it lIla\" e1p1'1I1
Ill'1'l'Ssar\' for the proper presln'ation thereof, and tll(' full alllonnt of such pa\"IllI'nts shall Ill' s('("urpd bv till' lien of this 1Il0rtgagl'
and skill at the option of the Association he immediatdy rlne ami payahle, or payable in sllch monthh' insbllml'nts as th.. Associa.
tion mil.... dl'l"llnine, and e\"('r~' such payment shall hear intl?f{'st from date at the ratp statpd in the notl' sl'emed Iter..hv,
IG, TILlt if the :\s-,ociation and thl' \Iortgagors agree, the ~Iort;!agors will carry a policy or poliei,'s ,)f insur.lIlu' upon
tlll'ir lives in ;lJJ anltH1I1t pqual from time to time to the amount of indpbtl'dnp~s herd,,' "'C\lred, 1Il,lkin~ s,lid Association b('lll'fi.
cian' tlll'n'lII"kr, ami tlLlt the saiel Assnciation may pay thl' premiullls for sud. inSIlLlIlt"l' (in the "\"1'nl till' \Iurtgagor, do not),
anel add I?aeh suclt P:1\'lIlpllt to the unpaid b,llanee of tlte lo:m, as of Ik' first day of the thpn cmn'ut 1Il1lllth, and it sh.dl bITOIIH'
addit iOIl:e1 inrlebtnlness s1'cun'd b~' this mortgage payable upon dl'm:!Ild,
17, That in tit.. en'nt thilt this mort~age be givl'n to "'Cllfl' a eonstnll'tioll loan, failllre llll tl((' part of tl1l' \lllrt\tilgors or
their ,'(llltr,ldors to eOlllpletp said buildillg in accordanc(' with COlIslIlIdion Lnilll Agf("t:'IIl' 'II I , of 1'\"1'n d"tl' ht're\\"ith, or tl) I>uild
said l'ulIStll1dinn in al'eordance with plans and specifications fikd \\"ilh the AssociatIOn, shall COIIStitlltl' a hr1'.wlt of this Jllllrtgagl',
alld, at the uption of th( ,'\ssoclation. immcdiatd\' mature the entin' amollnt of prilleipal alld illtl'n'st h(TeI". seclln,,1 :lIld the .-\S~o'
'ei"tion Illa~' imlIlt'di;;tPlv illStitu[e procenlings to 'foredusl' this 1ll0rtg,lge. ' .
IS, Tint the ahstLIl't ur ahstLlds of titll? eov('fin~ the fllortgagl'(i p""!Wrty shall at all times, during the lifl' of thi, 1I\\)rt.
~ag", rpmain ill tht' IXlSSl'ssioll of tlIP Association :nHI in the ('Vl?lIt uf t!:t' for..clnSI1ft' of this mortgage or other transfer of titre to
th.. mortgaged property ill extingllishml'nt uf thl? indehtedlless S('CUft'.! hl'll'h,\', all right, tit]I', and illtpf('st uf th.. ~Iortg,lgors ill
and to any sll..h ahstr:lets of titll? shall i);\SS to till' purchaser or grallt1't',
19, The Association shall have the right. in its discretion, to re'luirl' that the \ lortg;lgor~ p.1Y illto th" Association in ad.!i,
tion to the IlHlIIthly illstallnwnts d principal and illll'rt'st to he p,lid h\' th.. \I(lrtl:tagors llllclpr the 1I0le sl?cured ll\' this Illurtgage,
all ,unulIllt ('qual tu unl'-twelfth of the allnui11 installments of an~' Ll"'S ('n till' !l1ortg:..g'"t:1 rre!l1is('s I,'\'i,'d or assessed by all\'
gov,'rnmclltal authority, and OII~'-t\\"elfth uf the :111 11 lIal prl?miums for Firl' ,-w,1 Fxt1'lHkd COVl'Llgl' illSlIl:Ul(l' lIn the mortgag,'d
prr'lIli,...s 'IS Ill'reillbr-fore re,\lIired b~' the Associilti,,", ;llld the \Inrtg.lgnrs' f:till1fl' to make suelt jMVIlH'llts sh.dleOlhtitutl' a ,It-falllt
ullder t!lis IlIortga~p, .
1:\ \\'IT:\ESS \\'} IEHE( >F. the s,li(1 ~Iortg:(~ors lWf{'lIl1tU ,,'1 th,.ir It ,lid, alld seal, tltp da\" alld \T.lf first aho\"(' writtell,
sl'akd anti ddi\"l?red in the prl'S1'lIct' of:
1cJ.~<-&{ r]h~~AI.)
Wilf;;d ~Miller ,
--f;~ /7 '7?;~ (SE.-\U
El vira N ~ MU{e'r ?:
sl<.\....~c_~ '-..-.--~dv.__lL....&L"--'
I, SEAL!
(SEAL)
\WIWESSES)
(MORTGAGORS:
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