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Home My WebLink About2794 yr ~ ~ ~.^~^~~~•.~~M~ri ~~i~.-Z'ca.. !~~aYti: v~+~+~C~a1. ~a+Y' .':i • a?a ~N. ~ i ~ , ~ ' i ~ • ~ a f , ~ t 1 fi ~ 1~~~~.+ . 8. UN11 ~OI! b l~IO EfOefOem~00 ~f t~ OOY~n~ap ~ a~+~amM1~f aE idH a a~IOd ~ ~O CD~OCt ~M l~ ~YM iOd~ ~l~Om ~ ~ ~O['O ~tl~CilbOd. ~ ~l CwfO Q~ • ~ ~ inr Of !b0 ~0llqli OE ; . ~ ~ YM~ ~ i ~ ~0 ~OC~O/S ~ 0!~~~~~tlx Ot~ ~~'O mCl1~0~ ~ W~1 ~ dYp ~tjpn f~u YIOlj00 b0 ~l1~J0a ~O d10 ~h~ OF • HAO~Ya[ Of d10 ~l~Olt~fg"Od p~o~p~t of the ran~, i~ ma th~ee~eo~ wld? tbe ~+wl pov~er of Reoeiv~ss ia st~ c~se~, ana snch aeoetv~er may ~s- r.~.th?uea in posreasion a~ d~e s~id p~opetty nntil d~e tia?s a~ tl~a ale tbe~eof tuid~r ~ch fareclo~ur~, and unti! tbc aonfi~tiaa of fuch sak by t}?e C7ourt. 9. If a aoav~eywce s6ouW be it~de by tbe ~mortgagars of tbe p~ani~es heraia de~aibe~ o~ aayp~rt tbereaf, without thc writtea oomcnt oE the Aaso~iation, wd wtNaut ~sumpt~oa in tegu~r fam ot lrw, by tbe grantce of tbe ~bNgia~ tu tbe .lssoa.~iation crented bp~ iaid prrxr?isto~y not~e and this m?«tgage, tbe~, and in that a~vant, and at tbe option of the As'octwtia~, and without notice, a~ll sums of mcmcy sec+~red l~ereby ~wll imimediately a~ ooncurrcntlv witL such cmvqwoce beoorrie due ~nd WYR~ and in default. T6e As~ocia33oa m~y de~l with wooeao~t in inte~si vvitb refera?oe to thi~ mortgage ~d dre debt haraby seeured in ll~e aume man~t as with the m~ortgagors. ~nd acwy focbcar to sue or may extead tiu~e far pnymcnt aE tbe debt, securad rs hcreby, ar otberwise act witha,t or in any way nffecting the liabilita? oE the martgagars here~mda or upon tlre clebt hcreby secured. The Aasociatioa msy deal with the Moztgagcus a?~d/or with sa~ooasors in interest with reEerance to thia mort ge and t6e debt hereby ~s~eeured by fo~rboarlag to sue, extendiag the tirne for p~yment oE tbe debt, Prnvidiag for difforei~t P~Y°~ts and/or a different intare.tt sata, and by other eYp~reaa ~tio~ns aE tt?e contract, without bt~s~in_~~a~ny priority the Aaoci~tjon ~s over other wortgageat or lienors or bolden of ~ny jtmioc interests in the Pr'OP~Y ~~'Od 10. Tfiat in t~a event the premi~s hereby g~d, or any part thereaf, shall be ooadennned and talcen forpu blic usc under tbe power of emdnent domain, tba Association~l havo the right to dcnaund ehat all damngrs awarr~ed for the talcing of or damaga b s~d prcmises shaD be paid to tho Associat~on, its auccessors or assigna, up to the amour?t uapaid oa thb nw~tgage ~d muy be applied upon die pKynnent oc pay~anb Lut payable thes~con. 11. It is specific~Uy agrced that tLsne i~ the ~e oE this contract and that no waivar of say obligatiou hec~e~mder or af • tbe obligatioa aocured }x~by shall at any time thereafter be hdd to ba a waiver of tLe taa~ a~ r~f the ~t secured bereby. 12. If f«nclosure p~occredings of any sooond mortgage or seoond trust deed or Any ~iu?ior lim of eny Idnd d~ould ba iosti- tuted, the ,Associatian may at its opKon, immediately or thereafter declare this mortgage and the indebtednesa sx~und h~seby due and poyable. 13. To the eztent of the indebtedaess of the Mortgagozs to the Aasociation d~acsibed harein ar secured her8by, ths Asso- ciaciaa is ba~eby aubrogated to the licn os liens and to the rlghb of the owners s~ad hdders thereof of each andevery mortgage. lien or otLer er,cumbcance on the Iand described herein whk~h Ls paid 4ncl(or) satiafied, in whob or in port, ait of the prr~oeeda of the 1o~n described herdn oc secured hereby, and the respective liens of anid moztgagea, lie~s or other enc.wmbtsnoea, sh~lt to and be held by the Aa~aciation herein ps :ecurity for thie indcbtedness to the Associatio~ herodn derrribed ac baeby seau+e~ - tha same ezteret t}~t it vwuuW have betn preserved and would lwve been paased ta +wnd beaa held by ti~e As~oclatioa h~d it bean du}y and r+egular}y as:igned, txxnaferrcd, aet ovu and delivend unto the Asaocis?tioa by separate deeci oE a~aignu~ent, notwith~d+nd- ing tbo fact tb~t the same ~y be satisfied And cancelled of record, it bcing tbe intentiaa of the porties 1~reto th~?t the same will b~e sptisfied iu?d carxaeelled of r~cc~otr~ by tbe holde~ tbercof at or about the time oE tbe reoord'u?g oE this noortgage. . . 14. To pay all and singular the costs, chargca, and expe+nses iucluding lawyer a fccs, inc+u7red a~ pald at any time by the Assoctation~ becausa of the failure of tbe Mortgagars to perforur. comPly with and abide each and ewery stipula- , tians, a~reements, conditiaes and rnvenxnts of said promissory note and this deed, or rither, and evcry :urh p~yment shsII bear interrat from date at tl~e rate atated in the note secured hereby. • 15. Tbat be willpernu t, commit, or suffer no waste, impairnient, or deteriorsition oE aaid property or any paxit theneof; . and fn the event of t~ af ilure of the Mortgagors to keep the buildings on said and t}wse M be erected oa said premises, ar improvemer?ts thereon in good repair, c~ ~gc~, ~r ~a ~y ~ a~ tn its di~erio4 it may deem f~ tbe pcoperproservatioa thereof, and the full amount of such pmyments s}~all~secure.d by the lka of thL martgage ~ and~shall wt the option af the Associntion be immediately due and PaYg~~ PaYable ia sucb montWy ~ts as the Associa- tiar~ may det+ermine, and every such payment shall bear intereslr fram data et the rate stgted t~ tt~ note a~xurad hereby. 18. ~Lat if the Association and the Mortgagas agree, the Mortgagon will carry a poliey ~r policies of insu,rnnce upon their ]ives in an a~unt eqnal from time to timc to the amount oE indebtedness hereby aecared, maldng said Association benefi- ciary thcreunder~ and that the said Association tnaypa y the premiums for sur.k? insurance (Ia the event the Mortgagocs do not)~ and add eacb such payment to tha unpaid ~alanca of the loan, as of the first day oE tho then current ma~th, and it shalD bec~me additional indebtedness secured by tbis mortgage payable upon demAnd. ' 27. That in the ~event that thia mwtguge be given to secure a constniction losn„ failura on the part of the Mortgagors or tbeir contracton to complete said building in a~anas with Coastruction I.oan Agreemer?t, af even date herewith, or to build ~ said const?uctaon in aa~rdance with plans and specifications filed with the Assaciation, shall oonstitute a breach of this mortgage. and, at the option of thE: Associntion. iminediately mature the cntire amount of grincipai and interest heceby secured and the Asso- ' ciaFian may innmediately institute pa~ocaedings to foreclose this mortgage. 18. That the ~bstract or atxctracts of title covering the mortgaged property shall at all times, tiuring tho life of this mort- gage, remain in the poasession of the Association and in the event of the foreclosare of this rrwrtgage or other t~ansfer of title w the mo:tgaged prapexty in ertinguishment of the indebtedness seciued hereby, all right, title, and intcrest of the Mortgagars in and to any such abslracts o~ title shall pass to tLe purcl~aser or grantee. ~ 19. The Association shall hnve the right, in its discretion, to require that the Mortgagors pay into the Assoaatioh in addi- tioa to the monthly installmenb of prineipal and Lnterest to be paid by the Mortgagors undar the noGe secured by this ~ctgage~ an umount equal~to one-twelfth ~f the annual irutatlmeuts of xny taxes oa tbe mortgaged ~xemises levied or assessed by any governmental authority, and oree-twelfth of the annual pcemiums for Fire and Extended Coveruge insurance on the uiortgaged premises as hereinbefore required by the AssociaEion, and the Mortgagors failure to make such payments shall constitute:a default . under thls mortgage. . IN WITNESS WHEREOF~ the said Mortgagors hereunto set their hands and seals the d~y and year first above written. Signod, sealed and delivered in the pmsence of: ' . y ~-sfI ~ . p~~ ~ _ - ' '_'~~L..~~ SL'..~~""'_' riAJy~ E nd M. Radke ~ ` Yy ~,~~!'1~.~ ~ . - ~z ~ -~i~1r:_.,~tx~c~l~_-_(SEAI.) , ~ ~~Doris 1Vi. Radke , , • _.._.~.._._.___.._._.._..~...-•---~a........_(SEAL) ~ __......__.____._(SF.AL) t~~ ' 1MOaT~++oousl ~ ~ a~ ~.~.'7 ~ 393 . . ~ ~