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<br />7. . Gondemnatlol'k ,In tilt! event the Pro~rty, or any part ~ereof, shall be ~en by eminent domain, the Mortgagee
<br />isempo~eredto~lechnd ~ive,aUco:mpensationwhiCh may be paid for any property taken or for damages to property
<br />. not taken,: an~ ~ MOrt~ee' sh~applY. such compensation, at its option, either to a reduction of the indebtedness secured
<br />,hereby or to r;epalr ~~. res~re. ~~PlOpertySo damaged.
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<br />. .-- -, -."'. : . . -. .-'.' ~ ,---- -, '. -. '
<br />.-';8.~:p'~~~'bYllfo~.Mortpgeemay. butshBll..liave no obligation, to do any.act which the Mortwor.;
<br />.~. ~:bUt fin~;l4:l do~ aiuiJ&)rtpgeemay also do any act it deemS neceswy to protect the lien bereof. Mortgagor'
<br />'~Wrepay,.u~n~emand~-.n1:Il1,iinsso'expendedby.theMortgBgee for' the above purposes, arid, any sums 50 expended. .
<br />. by. the Mo~sban. be added to the indebtedness ,secure4 hereby. aDd beeOmesubject to the lien hereof. Mortgagee.. c
<br />'5I1a."n<lt:iri~ur.any.,pe~naniabfUty~use of anything it may do or omit to do hereunder. ,-
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<br />, 9. ~aUlt; AsiPmeDt of Rents. Time is of the essenCe heleOf, and upon Mortgagor's default in iny eovenmt
<br />'. or agreemeiltOf. this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee_shin - .
<br />be. entiUed~ at its sole' option and without notice, to declare all sums secured by this Mortgage.to be. imI1'lediately due and .
<br />- payable and Inl.ycommenCl! fOftdosureof this Mortgage by judic~ proceedinp;and~ piowided .furth~, that upOn:sueh'
<br />defaUlt the Mortgagee, Or a _iTer appotnted bY a court,lDaY at its option and without reiud to the adequacy of l:he
<br />,- Sl!Clirity ~ ~te.. upOn and take poi;a;ession Of the Property and coUHt'tb2 l'el:.ts, issues and 'profits therefrom and apply them
<br />fuSttoJhe cost. ofcollectioD and ope~OD of the Property and then upon the indebtedness seeured by this M.ortaqee;
<br />saidlentS,issuesand profits being asSiglied to the Mo~ asfurtber security for the payment of the indebtednesS
<br />'~hereby.
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<br />"10. 'fian5fer of Property. If all or any part of the Property isso1d or transferred without the express written con~
<br />sent of the Mo~, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage to be immediately due
<br />.. and payable.
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<br />11. Future Adwanees. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />MOripcor. Such adVances, with interest tbereon,'shall be secured by this Mortgage wben evidenced by promiSsory.notes
<br />sbting that said notes are seeu~.hereby. At no time shall the principal amount of the indebtedness secured by this ,
<br />~,not including surqs advanced to protect the security of this Mortgage, exceed the original Note.
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<br />12. Miseellaneous Provisions.
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<br />. (a) . Any forebearanee in exercising any right or remedy shall not be a waiver thereof.
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<br />(b) All remedies provided herein are distinct and cumulative to any other riCht affOl'ded by law OJ equity,
<br />and may be exercised OODcu.rrently, independenUy or suocemiftly.
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<br />(c) The c:ovenants and apeemellU contained b~in &IWI bind, and the riJbu inure to, the respective
<br />successors and assigns of the Mortpcor and the MoJtcllee.
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<br />(d) AU conDUIts and IpftlDl:nu of the Mortpaor are joint and several.
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<br />. Husband and Wife , to me known to be the j" "'\ ~
<br />~tialI "'..IIOIl(I) whole UlM(s) 1ft sublcribed to the fOftlOiIll iDItnlment abd aeknowle.d the exeeuUon ~reor ~
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<br />'Dae beadinp of the pampaphs or this M~ 8R for oonwenience only md shall not be used to inter-
<br />Pft!t OJ define the provisions beR'Qr.
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<br />13..~. Upon payment of all sums secured by thiI M.ortp&e, Mortp&ee shall disdwge' ~bb - Mortp&e and
<br />.' dull execute:md deliftr a satisfactory ftIeue therefor.
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<br />IN WI'INESS WHEREOF, ModpIor has exeeuted this Mortpp OIl the..it- day of ~ ' 19 JUL.
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<br />(Ralp . Bruns, HUSband)
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