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88- 101832 - -'- ..-~~ -, ., . '.' '; . 7~ Conile~ti~n. Inil!eevent the Property,orany part thereof, shall be. taken by eminent domain, the Mortgagee is empowered tQ oollect,andreeeive all compensation which may be paidror any property taken or (or damliges to property _~: _~ ~ '. - " _' _ - '_ -. - l",' -. .",'" " . _ . _ .' . . . not; ~~n,lIDd.Mortgagee. ~~U apply. suchcomjJensation, at. its option, either to ~ reduction of the indebtedness secured heRl~1 or to ~pair.~~ ~t6re)he property. so daniaged. 8.' Ferioml.nee bY'. Mortlllee.MortPiee 1TUl}', but shan have .no obUganon,' todo any lict which the Mortg~or . lUIs.aPed ..ut failfi to .do. and MortlageelDAY, slso do &lilY act it deems necessary to protect the lian hereof. Mortgagor - ~. to,repay. upon dtmmdi any sums so expended by the Mortgagee for the above pulposes. and any sums 60 expended' by,~.Mortpgee-shlll~:~ded:t9the mdebteooess secuRld hereby,and become subject to theUen hereof. Mortgagee shall not ,~cur any peilonlrliability. ~,c.use of anythin, it may do or <lA'llt to do hereunder.'~: . ' '. '. _,.." ,9. Deratilt;AslipmeDt ~f !lents.. 'l"ime is of the essence hereof. and upon Mortgagor's defaUlt in any wvenant ." ~.~meot~fthiSMDrlpge.includingcoYenants to pay when due the sums secured by this Mortgage. the Mortgagee shall ,. -l!i' elltiU~. il its. SOle. optiOll and withoUt' notice; to declare all sums secured by this Mortgage .t.o be immediately due and .. pay~. aDd_maY Commence foreclOsure of this Mortgage by judicial proceedings; and. proVided further. that upon such ~. de~ulttbe Mortgagee. or~ receiver appointed by.a court, may at its option and withaut regard ta the adequacy oftha ~'ity,eilter upOn and take posSession .oftb Property and collect the rents. issues and profits therefrom and apply them nut to the cost .ofcolleetion and .operation .of the Property and then upon the indebtedness secured by this Martgaiee; Il;id,~t&,isti'Jeundpro6ts being assigned to the Mortgagee as further security for the payment of the indebtedness . ~ heRlby~ . 10.TnMfel' or Property. If all or any part of the Property is sold or transferred withaut the express written con. &eIlt of the ~ortgqee. Mortpgee may at its sole .option. declare all sums ,secured by this Mortgage t.o be immediately due _d pay.ble. 11. Fublre AdYanceL Upon request of Martgagor. M.ort.pgee may make additional and future advances ta ~r. Such adYllllCeS, with interest thEreon. shall be secured by this Mortgage when evidenced by promissory notes statiiJ&ibat &aid n0te5 are K'I.'Ured hereby. At no time shall the principal amount .of the indttbtedneSs secureQ by thIs _ Mottpee, not includinll sums advanred to protect the security of this Mortgage, ex.ceed the .original Note. 12. )lp.lI--ou. ProrisioDL (a) AnyfQfebearance in exercisinlany ript or remedy shall not be a waiver thereof. (b) All remedies providedberein are distinct and cumulative to any other right affarded by law or equity. and may be ex.ercised concurrently, independently .or SUcx:esUve1y. (c) The covenants and ~ments contained herein shill bind, and the rights inure t.o, the respective suot'il!lilOlS and assips of the MortcaIOr and tb1! Mort.(;agee. (d).. AU eoWbaDts and IlpftIDents of the Mortpcor are joint and several. (e) '[be beadinp .of tbe para&npbs of this Martpge are for conyenience only and shall not be used ta inter- ~t OIl define the proviiions beJ'l'Of. 13...... Upon paynwnt .of all sums secured bythil Mortp&e. Mortpaee shall discharge tblSMortpce and sbaIl eucute ud deliftl' . salisfadory ~ the~for. IN ~ WHEREOF, Mortp&or has elleeuted this Mortpp on the2~ day .of Feb. . 19 82 . Bolrolrer Bono..", .... ol. NeInIb. It.ll County .: 011 tbis 22nd da)' of February t 19~ before me. the undelliigned. a NotaI)' Public "'J~_dqualifiedforu.idrowlty,penonaIlyC'&1De Arthur C. Sims and Sharon K. Sims. Husband and "'He to me known to be the . .' . identiQl peIioD(l) nOllP namt{s) ..... IUbKribed to the foretoine instJUment and II('knowiedpd the ell~ution thereof to be : their woIua.1ary .n aDd dftd. ... ___ II...... Eo" awcm.a.' . ..c.a~.a ' in said county. the /7 .~ ...... my.......... DcUrial ..at at ..... afonsakl. . JIlotu)' PubUe ..(S....1I4Iow 'ftt.IaUM --... Fw I.-dermd a_rot.,.) .., ,... "u~ ... ,/10