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<br />6. Time is the essence hereof, and upon Mortgagor's default in
<br />any convenant or agreement of this Mortgage, including covenants to pay
<br />when due the sums secured by this Mortgage, the Mortgagee shall be
<br />entitled, at its !:loIe option and without notice, to declare all sums
<br />secured by this Mortgage to be immediately due and payable and may
<br />commence forec!osure of this Mortgage by judicial proceedingsj and,
<br />provided further, that upon such default the Mortgagee, or a receiver
<br />appointed by a court, may at its option and without regard to the
<br />adequacy of the security, enter upon and take possession of the
<br />Property and collect the rents, issues and profits therefi'om and apply
<br />them first to the cost of collection and operation of the Property and
<br />then upon the indebtedness secured by this Mortgagej said rents, issues
<br />and profits being assigned to the Mortgagee as further security for the
<br />payment of the indebtedness secured hereby.
<br />
<br />7. If' all or any Furt of the property is sold or transferred
<br />without the expr.c!>s written consent of the l>1ortgagee, t>tortgagee may at
<br />its sol(! option, declare all sums secured by this 1>10rtgage to be
<br />immediutely due and payable.
<br />
<br />8. Any forbearance in exercising any right or remedy shall not be
<br />a waiver thereof.
<br />
<br />~. All remedies pi'ovided herein are distinct and cumulative LO
<br />Imy other right afforded b)' law or equity, and may be exercised
<br />concurrently, indnpcndenlly or succeSSIvely.
<br />
<br />10. The con....enants and agreements contained herein shall bind, and
<br />all l'ighta inure to, the respective successors llnd Ilssigns of the
<br />1-10rtgagor and the Mortgagee.
<br />
<br />11. All convenanls /lnd agreement.s of t.he Mortgagor and the
<br />t>lortgagee are joint and several.
<br />
<br />12. Upon payment of all sllms secured by this Mortgage, Mortgagee
<br />shall discharge this:l1ortgage and shall execute and deliver a
<br />satisfactory release therefor.
<br />
<br />~ ' IN WI TN'it/1-REOF' >lort....or h~ ",",oted thi.. Mortg..ge on the /-t/fJ..
<br />~ ,)G...,.., day of' __., 1988,
<br />
<br />~ ~ ~>. Zk~1t ~},. ,'d..~
<br />
<br />\~ ' ~./:;, ~ Thomas Golen McClurkin
<br />~' ~\" I' Q ,iX. _". 0 f'I
<br />'- '- "" ~ (V 6~j III 1~rh.L~~
<br />\,J\ _ \.. ~', Corilea Mae McClurkin
<br />
<br />~~~ ~ 4~~, t ~~~~
<br />
<br />'" RJ~~ ~a Dion McClurkin
<br />,,~ "-
<br />~ ~ r:::,STATR 0(0' COLORADO, COUNTY OF . I .:
<br />~. ';::: .....' I A1 ;.,f
<br />'"..J i~ ' The foregoin~ instrument was acknowledged before me this 1-1~11~,' " ftJ/J
<br />t ~. b~'- Thomas Galen McClurkin, Corilee Mae McClurkin and 1'ammy D' I '.,,"",,,'
<br />"" -...:..... McClurkin. ' :, '.......:t..' \4",~(:-l n ~';:
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