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7. 11 any of tM caws d wtowey herein nhrred N be wol prowply owd fury paid wiMin fifNen (IS) dogs next ofNr Me soars wwroly bKOwa due
and poyobh, or if each owd every Me stipubtions, ogrNment*, conditions and wwnonM d sold promissory aoN and Ntis worgoge, or eitMr, on not dvy
perforrwed, complied wiM Dad abided by, 1M opgrpoN caw wntaned in aid promissory woN shop bKOwe dve owd poyobh forMwiM or thereoororr of
tM optaw d the Mortgagee. os fvly owd cowphNy m i/ said oggrpoN caw d wowey mot oriqualy stipebted ro M pad ow iMdt day, owylhing is
sold promiswry woN or Mreiw N the toatrory wolwiMsNnding.
t. To deliver b sold MOrlgogN, Ow M befors March 13M tf each year, to: rKeipts'evidewcing 1M poywewt of otl lowfvly imposed taint h? the
prKeeding cohwdar Yeor, to deliver b said ~MWgOgN, receipts evidencing /M payment of all INws for public iwprowweals wiMiw niMy (90) days afNr
thf tOM shall bewwe dve and payobM Dad ro pay a d'achorge within wiaey (f'0) days ofhr dve doN, awy and aN gowrwmewtol buses Maf way be .
wade on tM mortgaged iKOperty. ow Mis rwortgoge a roN, a iw awy oMer way nwlting from 1M Mortgage indebtedness sKVnd by Mis morgoge; and
if this condition be not complied wiM and perhrwed, sold worgogee way Pay wch caw a wths which shop become part of M• debt secured by M(s
wortgoge, Dad sMll bear interest of the soave roN es Me nartgoge woN, poyobh sewirowmtoly until paid a aid MorgogN way ehd toot said rworb
gage debt tM.eupon beeowa dve and poyobh forMwiM.
9. ' It is further wwnonted and ogned by aid parties Mal iw tM event of a suit being instituted to forecbse Mis warpage, Me Morgogee shop
be entithd N opp:y at any tirwe pending sKh forKbwre suit b 1M court hoeing jurisdiction Hereof ter tlr• appoiwtwanf d o reaiwr of all owd singular
the wortgoged property, and of all the renh, incomes. profits, issws and nwnues Mereoi, Prow whoboewr source derived; owd Merwpon it is hereby
expnssy covenanted and ogrteu that Me wort shall forthwiM oppdM o naiwr of sold worlgoped propery, all and singular, and of suck rents, in•
«rnes, profits, issues and nwnw Hereof, from wMhNwr source derived, wiM Me vwol powers and duties of receivers iw like Doses= and such aP'
pointweat sMU be wade by such court os a wotNr d shits rpM ro tM MorgogN, its successors, legal npnsentotiws a assigns, and wtMouf nhnnce
b Me odequory or inodegvory of tM vela of Me property Mnby mortgaged, or ro tM sdwnry or it?sohvnry of Me Mortgagor, and Mot such rent,
proRls, incowse, issues and revenues shall be applied by suck-receiver ro tM payment of 1M warpage indsbtedness, cosh owd dsorge~, oewrding ro
Me order of such wort.
10. Upon any elefavlt under the morgoge roN a Me morgage, of tM option of IM Muter of the mortgage roN tM unpaid bahace of tM
mortgage roN and any advances ,Mode under it, or Me morgoge, togeMer wiM inNresl, shod bKOwe dve and payable, time being of Me essenu of
this wntrad. AnY waiver of any payment under the roN or wartgage of any itrwe shall not, of Day oMer time, be roken b be o woiwr of tM Nrws of
the note or warpage, and tM occepronce of poywenb upon sold indebNdness shop not wnstituN a woiwr of tM optan of tM holder of tM roN ro
oae!eroN repayment of Me chin unpaid bohnce, unhu the Muter •:pussy gronh such woiwr iw writing.
11. If all or any port of Me pnperty a on inNresf Meniw a sob or tronsfernd by worgogor without reorgogee's prior wriNen wmenf exchtd•
ing (o) the creotiow of o ('yen or enc?vwbronce subordinoN b His mortgage, (b) o honshr by devise, descent, or by operotiow of low upon tM deoM of
a joint Isnont, or, (c) Me gron2 0( any hosehoW inNrest of Mree years a has not wnroiniwg on eption ro purchase, o. (d) the creation of o pur-
chase +woney security inMrsst for hovseMld appliances, worgogN way at morlgagN's option, dKlon all was secured by Mis morgage ro be iwmadiatty
dve and poyabh. MorlgogN shall haw woiwd such option ro aaehroN any if, prior ro Me soh or transfer, worgogee and tM Person b wMw the
Property is to be sold or transferred reach ogrNwent in writing Mat such person $ a gwlified borrovret ro Me sotisfactan of wotgogN exeicised.,
in ib soh disasters and Mat awy wodificotiont of Naves of the mortgage loon os are required by mortgagee in ib ale and obsobN daentan which;=-y
modifications way include without liwirotiow IM roN of inbrest payable on the sows secured by tM aargoge too roN as repassed by mortgagee
how been agreed upon.
If wargOQN axerd:es such option ro orcehroN, worlgagN slap wail mortgagor notice d acceleration by dspositing said h1Nr in the United -
Stwtes Moi4 portage prepaid, b Me fdlowing address:
Such notiee shall provide a period of not has Mon Mirty (]O) days from the dap tM notice is rwoiled, wiMin which mortgagor may pay tM caw de-
clared dve. If worgogor foils ro pay such was prror b tM expirofan of suck period, the loan sMll ba in defwh and worgogee may, without further
notice or demand on wortgogor, invoke any remedies m provided for herein upon Me ewM of defouh.
Arty waiter of any paywsnt under Me note or morgoge at any lime shall not, at Day oMer brie, be rokN ro be a waiver of Me Nrms of tM
roN or mortgage, and tM ooceptonce of poycwents upon said indebtedness sMll not consfituN o' woiwr of tM option of the wortpogN ro oaehroN
the indebtedness as provided for Mrein.
12• If • comreyarace should be made by the mortgagor d the premises herein dawibed, or any part thereof, and should tltt groups or any subsea
pant grantN under said conveyance, vela Ms assumed tM rnorgage and indebtedness. be in dtfauh by. estrus d a breach d any of tht provisions
of this mortgage a the pov:s:ons of stay assumption agreement with she mortgagee. whether or not said assumption agrsemerst rradifies tlse terms d
the mortgage and indebtedness. then and therefore. the mortgagor hereby consents to assumption and the provisions d awy assumption agrsemeM with
the mortgagee, and to any modifications of the terms or povisiom d the morgagt and indebNdrrst occasioned by said austrttption agreement and does j
fwther hereby gent the rrrortgagec the riglN to punt extensions d time ro said granlN withotA notification of, without the conser?t d, and without affect- ;
ing the liability o! th! origirsal mortgagor, p any subsequent ntortgago?. _ .
17. When any ttmosmt d morte~ b be paid by Ilse nartgagor to the mortgagee under the terms hereof shah be in defauh, or should tlsa mortgagor
defauh in any d the other Nrms, prov'rsiorrs a conditions of this nor.gage. then in that cm the mortgagee shah have the right, without notice to the -
n+orgaga, ro cdhct and .eceisre from any tersar?t or lessee d said mortgaged preasisN the reins, issues and . prdib d the real estate hereby mortgaged
and the improvement thereon. and ro give proper rKeipN owd acquinances therefor. after paying all corrrwissions d arty rental agsnt cO1lKtirtg Ilse sarrse,
~ and apt rNSOnabk attorneys fees snd oMer necessary experbes irrcsrrrcd in cdhnirtg same, to apply the procesds d such colhction upon any indebted-
rws, obligation or liabiliq,-of the mortgagor heresrrtder. The right gamed the mortgagee under this paagrapK slsaN 6e in addition to, and shall not limit -
o? reshict, ar+Y other right or righb granNd the morgagee in this rortgage_
~ 14. TMt in rise event tM premise. hereby nartgagad, or any part Hareol, shall bt condemned and taken for public vat wader the power d eminent
j domain. tM Morgagee shall Mw the right to den+and that all dantagN .waded for the taking of or daatages ro said premises a1saU b. paid to dte
Mortgagee W N the anount-Has unpaid on Hie rworgagt and N tlse option of dst Morgagee may bt applied upon tM paymsrsts lot payabM thereon.
13. The mortgagor binds himself rat b erect a permit b be erected apt new buildirsgs. on dst prwnites herein ngrtgapad or b add to a permit
b a added ro arsy of the existing irnprovernenb thereon o. mate any dsatpes or ahesationt in said irnprovemen» whirls maNrially change the same or tM
uw thereof, without tM WritNn consent d tM Mortgapat, and in the event of .arsy violation or attempt b viohN this stipulation this egrtgagt ersd aAl
aura aawred herby .hall immedNNy became dve and collactHh N tfte option d tht Morgpae.
_ 1d. his specs/scaly agreed that rinse is d pre assents d thin conaact and Mat ne waiver of any dslipation Mrwrtdsr or d Nor oblipNion sacwed
Iferebtr t)sall at any t«rte bt htld to M • woiwr d the Nana fsaeof M of tfse irtsksrrnarN seared hereby.
17. If fortcloswe proceeding. d any sscortd wtortgape or aecasd trust deed or any iw+ior ('tars d any kind shook! b• instiwted, the AAorgapet may. ;
at its option, imm.di.Ny or Hereafter dKlare the nartgagt arsd tM irsdebrdrsesa sscund herby dve and payable foAhwilh, and may N its option proceed
q forecbat Hie rnortyepa. -
1•. Ta tM txtent of the indebtadrtesa d the Mortgagor to tlsa Mortgagee described hartirs a act+nd hereby tlse Morgapae i. hereby wbatgaNd to
dre tsars p liens and ro tM righn of the ovvren and holden thereof d each and every wsortgage lien or other irtwrrtbrarsot on star larsd detcrr'bed herein
vrhids i• paid and/a satisfied in whop or in part out d the proceeds d Me loan described herein or severed hereby, and the respective riaM d raid -
nargaget, liens a.oHer irlCYrrlbnrKN shall a and Ilse tame and sods d Man Mrtby is preserved artd sh~l pass b and d• bald by the Mortgagee herein
a aewrity for tM indsbtedness to tM Morgagse herein dewr'bed a hereby secwed, N tlse same exten thN A would have bean pretetwd turd would
haw been passed to and been IsaW by the Matgagea had it been duly arsd ragsrla?ly essitrsed trassfened, tat over and delivered outs slat Mortgagee by
wpaaN deed d psigmnent rsotwirhstartding the fact Hat the tansy tray bt Ntisfied and cartcelhd d record, A being tlse itMamion d tbt persist hereto
that Ilse .awe wiU be sarisfied and carscelled of Woad bey dsa holders Hereof N or about Iltt tiwst_ d -the reoordirsg d 11sit tttottgpe.
If. to pay all and s'wgvlar rite cos., chages and tspensn, rstttrdrsg lawyers hey, reaeonaWy irtatrred or paid of any titM by slat Mortpagaa,
because d tM tailVn of the Morgagor to perfcrm, comply wiH and abide by each and wary tM ttipvlaions, agreensema, aandiYam, and cevenanb d acid
proxaitaay roN and Mis desd, a either, and awry such payntasN shall bee. intarttt haw dart at the sent roN at tlse nartgagt rtON.
IN WRNESS WNEREOf, tM .aid Mortgagor harewste seta hfs hand and anal thin 11st dry arsd fleas abttet -
Sgned, sealed, and delMred - (SEAL)
i" "fe d` ~ THOMAS P MEYERS
BETTY MEYERS
' .........................................................(SEAL)
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BOOKs~!~~7..t1UiE. -