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Home My WebLink About0999 a~nd ac,~ant oE the property. ~?lesa, as a condition preve- dent ~ eucfi transfec, the Mortgagor refuses t» pro~vide the ~ Mort,gagee with reasor~able a~ac~s arcoeptable tc~ the lbrt9agee F~y which !fie ~lortgagee will be aasured o~ timely rotioe af any eubsequent transfer vf the beneficial int~erest or dlange in oocup~uxyt Mortgdgee m~y. at its aptiv~, declare all d~e suma eecvred by this Moact~ga~ge to be i~omediately due m~d paYable ~nless prior t~ the sale ac transfer, Mo~Ggagee and the person ta Mt~an the praperty is to be sold cr transferred agree in writing that the eueoessor in intereat r+ill be. obligated ~r d~e t~enes of the Loan and tl~at the interest on sums aeaured by the t+brtgagee' a secvrity interest v~ill be PBYable at such rate as Nbrt~gagee shall request. Upon such aqree~ent Mortgagee shall release the exiatinq Mortgagor from all abligations u~der the loan instrunecits, a~d the trlo~rtgaqee will be d~ned ta hav~e made a rew loan bo the existing !lo~rtgagor's su~oeasor in interestj pravided that nothing in this paragraph shall be oonstrued t,o restrict Mortgagee's right bo acaelerate the obligatian eecured by this l+loortgage ~on the sub~e9uent o~vrrenoe af any event - whfdi di~qualifies a transfer from a previously applicable exoeption abo~ve; and pravid~d further, that Mortgagee may require aa~tinued ~intenanoe of nnrt~gage insuranoe by the _ existing Mortgagor's sucxessor in interest~ whether by endorsanent of the existing policy ar by entranoe into a new c,~ontract of insuranve. If this lb~rtgage enc~uebers pr+o~erty that does rot aonstitute a"home", then upo~ the voluntary ar frnr~luntary sale, ~onv~eyanoe ar other transfer of all or any portion af the legal ac k~eneficial interest in ar aanership of the rmrtgag- ed pronerty without Mortgagee's prior aonsent, the Note secured hereby sfiall beoane inmediately due and payable. 14. During the term of the l~brtgage, Mortgagor will n~t mi~e, explore ar develap the pr~operty for oil ar minerals ar give third parties aonsent t~o mine, explore ar develop without the prior written aonsent ~ Irbrtgagee. 15. If acjditional doc~uaentary stam~s, intangi.ble taxes ~ title insurancre premiun~ ar re~rding d~arges are ever assessed ar required to be paid on the obligatia~s secured hereby on this Pbrtgaqe or to further clear title to the nnrtgaged praperty, sa~ae will be paid by Martgagor rn demand. In the ; event of failure of ~lartgagor to make such payment, ' Martgagee shal.l have the right t~o ar3vanve saae ar~d ac~d the P advar~e, together with interest at the default rate in the ~ rTote, to the am4unts secvred hereby and/or bo acoelerate the obligations secured hereby ~d/or to avail itself of any - other ranedy available at law vr in equity. G. I rt ~ ~ C ~ BBTt'Y PRICE ~ ~ ~ ~ ~ F E E ° ~ ~ ~ nR ~ ~ ~~~18 P~~ 999 ~ - ~ ~ lEWl4. VECiOSEN ANO ROSENBACH, P. A., ATTORNEYS AT lAW ~i ~ x,..Y~ ' - - . a~' `~a~ 'Kf~~~'^ . - . . . . .