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Home My WebLink About0858 • 7. If owy of the wws of waoney heniw nhrred b M not prowptly and tally paid wiMiw fiftetw (li) days weal otltr Me wave Nwrolly bKOwe des and payable, a if eod owl awry Me stipulations, ogreeaaewq, conditions and cownonb of avid praeissory note owl MIs wortgoge, er eiNaer, ore not duly ptrforwaed, rowplied silk owl abided by, Me oggregob saw waentioMd iw aid prowissory MN skull bKOwe due and payobla fathwiM or Martahtr of 1M optiow at the Mortgages, w fvgy and complebly m it avid oggrpob ww d rwowty was ocigiraNy stipubbd b bt paid ow sad day, onyMing iw avid promasory Mb a Mein b M• contrary wohriMsbndiwg. t. Ts dsliwr b told Mortgagee, ow er Mhrs Mord 13M o/ loch y ear, bas rscsipls evidencing the poyawewt d oM lowfvl prK~ediwg coktndo? yso?, b deliver b avid ,1Aorlgsgee, rKSi h ~tvidenci the ti toaw ~ ~ tM soave skull becosae des owl ble and b p ^g poyweaf o/ oN liens ter public ietprowmewh within ttiMy (f'O) dogs oftsr pogo goy w d'uchorgs riMiw ninety (90) dogs atb? des dote, owy and eN gtawrnwswtel levies Met mOt? M sods ow /M worpoged properly. ow skis nargoge or Mb, or in owy other way rswltiwg how the Mongogs indebtedness secured by Mis tMrlgogej and i1 Mis condition be wa cowplied wiM owl perto?med, avid wortgagss way Puy such ww er wave which shoN bKOws paA of Me debt secured by Mb eaortgege, and shall bees interest of tM Bowe rah as Me ewortgogs nob, payable wwironnuolly uwli) pod a sold Morlgogss ttaoy enter tool sold anorf- gags debt 1Mrwpow becows des and peyoble forMwiM. 9. It is furMer cewnonbd atad~ opreed by avid potties Mot iw lhs tvsnt of a wit being irutitvbd b foncbss this worfgogs, Ms Mongogss sMN M entitled b opp:y of ony five pending such hrectowrs wit b Ms court having jurisdiction Hereof for the appoinMwent of a reteivsr of oN oral singubr Ms wortgoged property, and of all the rents, incowts, profib, iswes and revsnub 1Mred, Irow whoMOSVtr source derived; and theresepon h h hereby eapreuly cownonbd and ogreeu shot Ms court shall forMwiM eppoim o receiver oI avid wortgogsd property, aN owl singular, old d sad rswM, iw~ «ntes, profits, issws and revenue Msrwf, trove whohoewr source derived, wiM Ms usual powers and duties of receivers in like Doses; and earl op- poiwtwtent shall M wade by such court os o matter of strict right to the Matgogee, ib sucnaon, legal reprssewtmivss a assigns, awl witlaut rshrstap b Ms odequory or' inodequary d Ms voles of Me property hereby wortgoged, a b the sohreracy a inwlveary of. Ms Mongogor, and trout suth rent profits, incows, issues and rawness shall M opplisd by sad rtceiwr b Ihs poytwent of the wortgogs indebbdnsss, cosh owl large, aceorditag b Ms order, of such court. 10. Upon ony deloult under th• worfgoge nob a Me worpogs, et the optaw of tM Mlder of the warlgoge Mb the uwpoid bobwcs of the wortgoge sob and ony advances ,wade under it or the wortgogs, toge/htr wiM inbrest shall bKOtM due and poyoble, titres being of IIh sswnq of His control. My woirer of any poyn+eat under the note or wartgoge of ony ifwe shall not of ony other five, be bkew b bs o woiwr d tM braes d tM note or wortgoge, and the occepbnce of poywents upon avid indebtedness shall not eonttitub o waiver of tM option of the Mhit? d tM nob b o«s!srob repoywent of Me entire unpaid balance, unhss Me holder •:pnssly gronh such woiwr in writing. 11. If all or ony port of the property a an interest Mersin is sold or trowsferred by worgagor without awngogee's prior wriMSw consent sxclud~ ing (a) Me crwtian of o lien of encwsbronce subordinob b Mis aartgogs, (b) a tronshr by devise, descent, or by operation of tow upon Iha leant of o pint tenant or, (c) the Aran! of otty Masshold intend of Mree (S) ydon or kss not eontoining on option b purchase, or (d) fM motion d o pur- chase wawey securiy interest for household appliances, wongogee soy o1 wortgoges's optiow, dKlars all saws sscvrsd by Mb aartgoge b be itswaadiotely due and pgoble. Mortgagee shoN haw waived such option b oashtrob only if, prior b Me sole or troro(er, tMrlgogN and the person b whotw Ms prepeny is to be veld o? trona(erred reach ogrsewent in writing Mol such person is a quoGfied borrower b Ms wtisfoction d wolpogss satsrciwd in ih sok discretion and that ony waodifitotions of tenses of the wortgoge loon m ere required by wongopet in its vent and abwbN daeretion whirl waodifications way include without limitation Me rote of interest poyobls on the wave sscwed by Me aargops b o rob os ngwsted by worpagss how been agreed ups. If wwtgogee eaerci:es such option b arcekrate, rwortgogee shall wail wortgogor notice of occekarolion by depositing avid letbr in the United States Mail, postrtge prepaid, to Me folbwing oddress: Such notice shall provide a period of not less Mon Mirly (~0) days /row the dab the notice is 'oiktd, within which wortgopor taoy pay the saw de- clared dut. If wartgogor foils to goy wd suss prat b the eapirotion of such period, M• loan shall be in dc(wh and worgagss soy, wiMouf funMr notice or dewond on tortgagor, invoke owy remedies os provided for herein upon Ms event of defouh. Anlt woiwr of any payment under Me note or wartgoge of Dray time shall not of ony other tiwe, bs token b be o woiwr of tM brws of 1M nob or wartpoge, and Me «.eptonce of popuems upon sold indebtednW shall not constifub o woiwr of Ms option of tM wortgopss b a«elerob the indebtedness os provided tot herein. 12. 11 • conveyance should be rnadc M the tnortgagw d the prent:ses herein dtacribed. or any gel Nweo1, •nd should Me 9ranbe a any suM? quest grantee under said conveyance, who Ms assumed the mortgage and indebbdratss, be in defauh by venue d e brtach d any d tftt provisions o/ this mortgage o. the provrs,On! _ol any assumption agreement wiM she mortgagee. whether a not wid assumption agrtenwtt modifies 11se torsos d the nawtgage and indebtedwess. then and therefore. the mortgages hereby consents to assumption and the prevision d any assumption sgraomeM wiM the mortgagee, and to any mod.l~cat.ons of the terms a provision of the naortgegs and indebbdraeu occasioned by said assumption agreement and does lurtlaer hereby grant the mortgagee the right ro grant a.tensions o/ came to said grantee without notification d, nritlsoad tlae consent d, and without afftct- ing tlae liab6ry of the original mortgagor. or any subsequent rraatgsgor. li. When any amount of monee b bt girl by the naortgs~gor b the nwrtgagee under the terms hereof shah ba in d+efavh, w should tlst rtaortgagor defauh in stay of the other terms. provisions or conditions o/ Mis mortgage, thew in that case the naorlgagte shah haw /M right, without notice b 1M i waorgagor, b cdkct and receive Lam any tenon a lessee of said mortgaged premises the rents, issues and profts d slat real estab hereby nartgaged and the improvement thereon, and to give proper receipts and acquittances therefor. after paying all canwiaaions d any rental agent cdkcting the. same, I~! and arty reasonable utorneyi Zees •nd other necessary e¦penses incwred in colhxr:rag same, b apply the proceeds d such collattion upon soy irsdtbtad- nest. obligation w I.abhty, of the~mwtgagor htrearader. The right granted the mortgagee under this puagrapli sMN be in addition b, and shah not limit ar reshitt, any other right a rights granted the mwrgagee in this mortgage. 11. TMt in the event the premises hereby mortgaged, or arty part thereof. shall bt cordenuaed and taken for public use trrtder 1M power of arnirsant domws, the Mwtgpee shall have the right b demand tMt all damages awarded (w the brag of or damages b wid premiers shah be paid b the Mongegee up b the amount tMn unpaid on Mis ngrpage and at tlts option of tht Mortgagee may bt applied upon tIN paywtersb last psyabM tlsareon. ~ li. the rraortgagor binds himsell not b erect a panait b be erected any new buildings on doe premises Iserein ntorgagad or b add b p ptxntit b M added to any of the ea~snrag improvements thtreen a make any changes or albrat.on M said improverwenn which mabrwNy charge tlae sartr oc tM r caw tlaareof, wrtheart tlae wr.utn consem of the Mo.tgepee, and N tlae event of any violation w attempt b violab this stipulation Mis nsortgaga and aN i tsrrM secured Mnby shalt .mrnediarcty bKOnae des and colltctibM N the option d Mae Matgap•e. ' E I IL. his spKifically greed that tune w of tlae tawnce d Nsis tonhatt and 11aet no waiver o/ any obligation herstrrdM Or d tlsa obligation atawed i hereby atoll st any t«ns be held b a • waiver of 11ae MrrM hereof M o/ tM irsatruwsant seared ftarabp. 17. N forKlowrs proceedings of any second wangaga or setasd trust deed a any junior lien of any kind should M imtiluted, tlse lYbrtgagea wary, Nib option. immed~etely w thereafter declare Mis rnortgsgt and Ilse irsdtbtedntss eKwtd hereby des std payable forthwith, and may at ib option proceed b /orKktN this matgape. lg- , To tlae a=tent of tM indebtednew of rtes Mortgagor b tM Mertgagts described herein a seared hereby tM Morgagaa Y ftsteby wrbrogattd b Aae Iwo ar liana grad b tfae rights of tM owren and holden thereof of eacA and every wartgage lien a other iracsrnabiaraos mthe land dtatrabed herein whirl N paid and/o. satisfied in whole or in pan out d tM praesds of Me loan described herein or secured hereby, and 1M easpettiw born d said r wsortgages, tiaras or other incumbrences sMll b and tM senas and ead+ d M em hereby is preserved and sh~l pass b and be held by tM Morgagee herein w atcuriry for the rrdeb:edness to the Mortgagee Mrein dtspt'btd or hereby secwed, b dot saint s:ten that it would haw been preserved end world haw been passed w and heave held by the Mortgagee had N been duly oral regularly sssigraed, trans/erred, set over and delivered unto tlta Mertgagee by seperaN deed d assigrvraent notw,thsrandaag the tea tMr rtes serer wtey be satisfied and caracslltd d record, if being tlts irrtentlon d 16a parties hsreb thq Ifre tittle will be satisfied and cancelled of rKOrd by Asa holden thereof M a about Mae time d the retordirtg d Hie wtorlgaga. r 1!. To pay aU a•td singular tine corn, charges and a:pareses, nctudirg lawryer'• has, eeasorsably irscsrrted a paid N arty tMtte by rho IYbrtgpee, btcwns d tl+s faihrre o1 the Margegor b perlc.m, cowtply with and abide by each awl awry doe stipulations, agrNnMnb, oonditiorts, and oewnawb d said powtiwory nWe and this deed, o. tither, and every such paynrMS shall bear interest bores dent M tlta same aN as tM ngngaga nob. IN WRNESS WNEREAf, tM said Morgagor harwnb nets hM haw/ and seal this Ilan day end yes fYat aboara ytRMlsta ` K. ~~~c~ Signed, aeolad, end d.llw..d _ (SE/1l) iw tM praeertcs d: C .C WIBE 0.. ~ ~ s RATJA BERG IM _ _ .1>sEAl) :2