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8. U»t11 dehWt !n tLe perto~nos af tbs oov~eaaab and asceemeats of t1~is a~oet8a80. ~~8'~ shall bs aatit3e~d
to aolk~t ths renb, i~suas andp~ts baia d~s pceiubes Lareinbefara deaaibed. but ia case of a defauk in any of tbe tecnu~ of .
thit mat~e„ ~nd t6s oC a btlt bo Eoeeclo~s thb ar any ot~ ~at~ge a~mbefi?g tLe withGa ~de~ibed P~'~P~Y• ~
Asso~datjoa shiJl immedia~y ~nd witbout iwtioe bs aAtitled to t6s apQoiatmeat of a Reodva of d~e mo~tgaged , wd .
h
oE ths ~ab, issues ~ad proE'W tlbreof. with tbe usualpo
wex of Reaivas tn such ca~as. sad such Reoefvar u~y oootinued .
in pos~ioa of the ~d propaty until the woe af the aale tl~e~+eof unda tucb forecloaurn. and uattl the oonfirn~atian oE such
sale by the Oaut.
8. lf a oanv~eyau~e sLould be mude by t6e maRgagaes of the preQ?isas t~e~ein dacxibed, ar any par~ t6ereof, witlwut ~
the writtea coasent oE the AssociaKon, and without assumptian ia regular facm of !aw by the grantee oE tTie obUgations to the '
• AssocLtloa a+euted by said praniuory note and this mo~tgage, tbca, and ia th:t evd~t, and at the option oE the Association, •
and witlwut aotioe. alt s~uns oE maney sec~ued l,ereby shall ~immedistely and oo~currently with such ca,veysnce beoome due and
WYable u~d. ia dehul~ 1Le Associ4tioa may deal with suooessors in interest with refereaoe to thi: matgage and the debt Lenby +
secured in the same a~anner ai witb tbe matgagois, and nnay forbear to sue or may exta~d time for payment of tbe debt, s
e v r
e d t:
h e c
c
b
y, a otheiwise act witlwut h~g~ng a~ ia an
y wa
y affxtiag the liability af the mottgagors hereunda ar upon tbe debt I:
• hereby secured. TM Associatiaa ma
d~~ y a
b
o deal with tbe Matgsgon and/a witL suoc~sor~ in iaterest with r
e f
e:
e
n c
e to t
h i
s ~
mort ge aad tbe debt hereby securtd b
y fo~6ea~ia
g to ive. ateriding the tia~e fa p~ymeAt of the debt, jx~oviding fa diffuent
P4Y~b aad/or a d
i
f
Eereat intuest nte, and by other espress wocliE'~cations of the oontract. without lusing any priorih
cbe As~ochtton has oves othar mortgagea or lfeaors ar holders af any f ynior inteiese in the property sec~u+ed hereby.
~ 10. 'lliat in t~e ev~ent the pcrmises h~eby gd, or any p4rt thereof, shaU be oondemnai and takea for blic use
e en
u~xler t6e powar o~f eminent doinain, the Association~lwve the right to deinand that all damages awarded ka the of or
damages'to said pcemisat sholl be paid to the Associatbn. ib successors or usig~s, up to the arnount unpaid oa this matgage and
may be applied npon t6e PaYment or po?y~nenta last payable thereo~.
11. It b specifically agrced tbst hime fs tbe ~ce oE this contract and that no waivu oE any obligation here~mder or of _
t6e obli~tba senired ~ereby-shalt at any time t~reafter be l~eld to be a wah~er of the te~ oe of the instrun~eat secured Lereby.
12. lf foreclosure proceedings oE any seoond mo~tgage or seoa~d trust deed or any Junior liea oE any ldnd should be insti-
tuced, tLe Assodation may at its optba, innmediately or tf~era~ku declare tlm moctgage and the indebtedness sec~red 1~a+eby due
aod pnpabk. .
13. To tha e~tent oE the tadebtedness of tba Mortgagois to the Aasociation desrnbed harw or secured heieby, tbe Asso-
c~tiop b~reby subrogsted to the tiea or lk~ ond to the rights oE the ownrrs and holders thaeoE of ~each and moctgage,
n
lkn ar other encumb~ance on the land de~~ibed l~n whic6 is paid and(or) satisfied, ia wbole or in part. out of
of the ban dacribed he~+ein or secure~ hereby and the rapective liens of said mottgages, lieos or other eru~tmbranoa, ~
ta and be hdd by tbe Associatiae her~eia as sec~uriy for the indebtedr~ess to the As~ociatioa haein descn'bed or hereby seturec~txo ~
the same actent d~at it wodd have been pn~erved and woWd have been passed to and bxn held by the Associatioa had tt baa ~
' dulp and regWarlY assigaed. transfers+ed. set ovu and delivered unto the Assoriution by sep4rate deed af assignmai~ twtvvithstancl- f
ing d,e fact chac c6e sanne may be sactsfied and cano~elled of r~+cord. ic being the iacenaoa oE the pprtles hereto thac the same will i
be.sstis~ied and canodled of record by the holders thereof at or about the time of tbe reoocding of thts martgage.
tu
- ~ 14. To pa?y all and singular the oosta, diarges, and espenses ioduding lawyer's fea, reasaubty iactund ot poid at any
~ime by tbe A.ssociation, because of the fa~lure of the I?iortgagors to perfoam, oanply with aad abide by each end evay stipuL-
. tions, agrean~nb, conditio~s and covenants of mid pmmissory note and this dced, or either, and every such pnymer?t st~all bear
'-uite~t from date at tbe rate stated in tbe note secured hcreby.
'~15. • That be willpernut, commit, or suEfer no waste, impairm~t, or deterioration of said pcoPerty or any put thtreof; .
r nad in the event of the failure of the Modgagors to keep the bniWings on saidp~a~s~ and ihose t~o be erected on sa~ preiaises.
or imp~avements thereon in good repair, tbe Assocfiatiou may make and pay for suchrep~irs w in ib discxetioa it cnay dcem
eo~ry for tbe P~P~ P~~~ thereof, aad the full surnunt of s~ch pavments shall~be secured by tbe lien of this mortgaga ~
aud sl~nll at the optioa of the Associatioo be i~moaediately due and pnyable~ o~ P4Yabk in such monthly " ts as the Associa-
m
tioa may determine. and evay such payment shall besr_ interai fran date at the rate atated in the iwte hercby.
18. T6at iE the Association and the Mortgagors agree, the Mortgaga~s w~l cairy a policy or policies of i~u~unnce upon
their Iives in an ~unt eqoal from time to time to the amouat of indebtedness hereby aec~ued, mabing said Association benefi-
tyary thereunder, and that the said Associatioa maypay the premiums for such iruurance (in the event the Mortgagas do not)~
and add each such paymcnt to the unpa~d balanoe of the loan, as of the first day oE the then ciment mantb, sad it shall becon~c
additional iadebtedness set.~ured by this morcgage payable upon demand.
17. That in the event that this mortgage be given to secure a constmction baq falure on the part of the Mortgagors or
their c~tractors to oomplete said byilding in accadanoe with Conshvctiot? Losn Agreement, oE even date hsrewith, or to build
sald cautruccion in socordance with plans aad specifications filed with the Assoc~atioo, shall eoastitute a. bneach of thit mortgage,
and, at the opti~ of the Association, immediately mature the entire amount of princiiml and interat hereby sec~sed and the As~o-
'ciatia~ inay Lnmediately insiitute p~noceedings to foreclosa thia mortgage.
28. 1~at the abstract or abatracts af title oovering the mortgaged property s6all at all tiaoes, durjng the life af this mort-
gage, remain in the poasession of the Association and in the event of the foreclosure of this wortgage or other transfer of title to
the ma~tgaged property ia e,rtingaishment of the indebtedness aecund hereby, all sight, tide, and interest of the Modgagors in
and to any soch abstracts of titk s6ali pass W tbe purchaser ot grantee. -
19. The Association shall have tha rtght, in its di~a, to require that the Matgaga~s p~y into tbe A.twciation fn addi-
tian to the moathly instaWnents of principal and iaterest to be paid by the Martgagors under t6e note sec~ued by t~is matgage,
an amount equal•to one-twelftl~ of the annaal i~umllmeats of ~ny taxes a? tbe awrtgaged prec~ise~s kvied or a~d by nny
governmental authority, and one~-t~velfth of the anaual premiums for Fire and Estended Caverage insurance an the modgaged
premises as hereinbefore required by the Association, and tbe Mortgagors failwe to make such payments ahall constitnte a default ~
under this mortgage.
~
IN WITNESS WHEAEOF, the said Mortgagors hereunto set their hands and seals the dsy and year first above written. ~
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Sigaed, sealed and delivered tt?e ,pre.saKx of: .
i
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' ~ `~-~,,~~?~-~.~~rs~.) ~
: - - ,~t ;
. Edmund M. Radke
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I ~~-~_..__~ll ___..~~C~:._.~---cs~+~.~ ~
..-Doris M. Radke ~
. .__._._._~(SF.AL)
' ___._is~+~.~
~ . en~~ ~ ~.08 P~c~4$9
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