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<br /> � Mor�gagee, and with loss payable to the Mort�agee. In case
<br /> '�'"-`° of los:� under such pnli�ies, the Mortgagee is authorized to
<br /> ---- adiust, collect anc7 compromise, in Sts di.scretion, all claim�
<br /> -- -_---`��° thezeunde= r��: 1��s sole aption, authorized to eithex apply the
<br /> �� proe�eds to the res�oration of the Property or upon th�
<br /> ______=_=-= indebteclness �e�urecl hereby, tout payments hexeunder shall
<br /> - =-- cantinue until �he sums secuwed hereby aYe paid in full. ,
<br /> �u�.sv��tx..�;.�
<br /> ���_ 5. Escxow for Taxes and Insurance. None .
<br /> .�.���:=:��� n�� 6. Etepair, Maiutenance and Use. Tn promptly rmpnir, restore __
<br /> ___�--�~'v"""� or �ebuild 7ny buildings or improvernents now oa h�reaftex on
<br />..'�''`��''�''�C`�x�� �hp Pxoperty; tn keep the Pr.aperty in good condition and �_
<br />^.'�: .(a �ii�...l Q1Lq--
<br /> "_ �ii�i�.;% '.:_ ..
<br /> �;�;�,, r.epair, without waste, �nd �ree from mechanic's oY o�her
<br />��±�';'�''��:cr: - �' liens no't expressly subordinated to the lien hexeof; not to _
<br /> `L"5"��""�%, make, suffer or permit any nui.sance to exist, not to d iminish =__
<br />��=.'�,�.•,'_"�"`.'���''� or Impaiz the value of the PrUperty by any act or omission to
<br /> ._�;�����,'"_�:�"^T;� act; and to comply with all requiremen�s of law with respect '�,
<br /> - �� to the Preperty.
<br />..:�"�"���:� �,.�,t '� .
<br /> ;_..,7r�. . `.v?� __.
<br />""`� � "�"' �'• 7. Condemnation. In the event the Pr4per�y, ox an,+ �art
<br /> � , � �^`•" tklereoF, 5ha11 be taKen by eminci�� uvu�ai�., ��� M'==*`�?`-��'Q`-' t5 -
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<br />%=4},F'" y::.�!•'-
<br />-;�a�,.,��;�.�,�J empowered to collect anc5 reCeive all compen�ation which may R=
<br /> .;,,�;�., ..�,. .., be �aid for. any property taken oY for damage� to propert�+ not
<br /> :;�':,..`.;'.;.•"��� tak�n, and the Mortgagee �hall apply such compensation, at .�.
<br /> . ��._:• �w
<br />�'� '" ` �'� its option, either to a reduction of the indebteaness secured „r--
<br /> f�..�.w.
<br /> '�'y` ��' hereby or to repair and restore the property so damagEd. ' ���
<br /> �.- :,, �,:r
<br />-=:�-�:T„«': ;.'
<br /> - .�.� ,'! �� but sha31 have
<br />".;���.`�_}--���r; g. Performance by Mortgages. Mortgagee may, _
<br /> ---•-"�'"�"� no obligation, to do any act which the Mortgagor has agreed
<br />``�.:f ��'����;.�• but fails to do, and Mortgagee may also do any act it deems
<br />`=L��- ,• � �_ .�� necessary �o protect the lien he=eof . Moz�gagor agYe�s to
<br /> =���__�;°:::��':"' u on demand, any sums so expended by the Mortgagee for
<br />-- . repaY, P �
<br /> --��r7--�-�°�•,�•••�-�• the above purposes, and any sums so expended hy the Mortgagee
<br /> - ;`":�:� shall be added to the indebtedness hereby and become subject
<br /> y �'�;:::...
<br /> :��::i���'•.. :. to the lien he�eof. Mortgagee shall not incur any peasona l
<br /> '`��'���� � liability because of anything it may do oz omit to do
<br /> .,:,�.. .
<br /> �"•`' . hereunder .
<br />.n:, '
<br /> =yh`�'�:': 9 . D�fault; Assignment of Rents. Time is of the Essence
<br /> �`'" . � hereof, and uPon Mortgagor 's �3efault in any covenant or
<br /> jf;. agreement of this Mortgage, including covenants to pa y when
<br />- - due the sums secured by tihi� Mortgage, the Mortgagee shall be
<br /> � entitled, at its sale option and without notice, to decl�are
<br /> all sums secured by this 14ortgage to be immediately due and
<br /> payable and may commence f�reclo�ur.e of this Mortgaq� by
<br /> � . judicial proceedings; ac�d, provided further, that upon such
<br /> • � ' default the Martg�gee, or a receiver appoir.ted by a court,
<br /> may at its option and without regard to fihe adequacy o£ the
<br />` ' security, enter upon and take possession of the Property and
<br /> � col].ect the xents, is5ues and profits thezefrom and apply
<br /> -•���•, them fir.st to the cost of collection and operation o� the �
<br /> . - Pro�e�ty and then upon the indebtedness secured by this
<br /> ,. Mortgaqee; safd rents, issues and profits being assigned to `
<br /> ' the Mortqagee aa �ur�her security for the payment of the �
<br /> "T '- � ind�btec3ness secuxed nezeny. j
<br /> . �
<br /> 10. Transfer oi Pro�erty. If all or any part of the I
<br /> •, Property is sold or transferred without eh expYess written :i
<br /> � consent �f the Mortgagee, Mortgagee may at its sole option, i
<br /> declare all sums secured by this Mortgage to be immediately �
<br /> �
<br /> �
<br /> due and payable� �
<br /> ' � I
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