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<br />7. OondemnaUon. In the event the Property, or any part thereof, ,hall be taken by emlnenl domaln,the Mortgagee
<br />\!! empowered to collect and receIve III compensation which may be paid tor any property taken or Cor damaa:es to property
<br />not taken, and Mortgagee shall apply such compensaUon, at Ib option, either to II reduction ot the Indebtedncu secured
<br />hereby or to repair and restore the property 50 damaRed.
<br />
<br />8. Performance by MortaAlee. Mortlagee may, but shall have no obllRatlon, to do tiny act which the MartlaJor
<br />has Itreed but talls to do, and Mortgagee mlY also do Any act It deems neceullY to protect the lien hereof. Monillar
<br />-crees to repay, upon demand, any Iiums so expended by the Mortgagee Cor the above purposes, Bnd any sums so expended
<br />by the Mortgagee .hall be .dded to the indebledness ...u",d he"'by and becnme .ubjeclto the lien he",of. Mortgagee
<br />shall noL Incur &DY personalllabllity because or AnythlnglL may do or omit 1.0 do hereunder.
<br />
<br />9. DeCluUi AlBlpment or Rent&. Time is or the essence hereot. and upon Mortgagor's default In any covenant
<br />or agreement of this Mortgage-,Includlng covenants to pay when due the- surm secured by this Mortgage, the Mortgagee shall
<br />be entitled, at Its sole option and without notice, to declare all sums secured by this MortaBge ,to be Immediately due and
<br />payable and may commence Coreclosure oC thls Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, Dr a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession oC the Property and collect the rents, issues and profita therefrom and apply them
<br />fiBt to the cost of collecUon and operation of the Property and then upon the indebtedneas secured by this Mortgagee;
<br />51ld rents, issues and profits being assigned to the Mortgagee as further security for the payment of the Indebtedness
<br />secured hereby.
<br />
<br />10. Tram.rer or Property. If all or any part. or the Property is sold or transCencd without the express written con.
<br />sent of UIl' Mortgagee, Mortgagee may at its sole option. declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />11. Future Advances.. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortelgor. Such advances, with interest thereon. shall be secured by this Mortgage when evidenced by prom~~ry notes
<br />slating that said notes are secured hereby. At no time shall the principal amount of the Indebtedness secured by this
<br />Mortgage. not Including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Miscellaneous Provisions.
<br />
<br />(a) Any forebearanee in exercising any right or remedy shall not be a ~Biyer thereof.
<br />
<br />(b) Ail remedies provided herein are distinct and cumulaliv~!tto any other right artordcd by law or equity.
<br />and may be exercised concurrently. independently or successively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights Inure to, Lbe respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) Ail covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The headings ot the paragraphs oC this Mortgage are for convenience only and shall not be used to inter.
<br />pret or define the provisions hereof.
<br />
<br />13. Releue. Upon payment or all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shali execute and deliver B salisractOl1' relellie therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has execuled thl, Mnrt
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<br />Witness my band and notarial seal at
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<br />On this 11 th day of Augus t 19~. beCore me, the undersigned, a Notary Public\" ~ .'
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<br />duly commissioned and qualified tor said county, penonally came Gary Graf and Susan Graf 4_'~ \'" )
<br />
<br />Husband and Wife , to me known to be the (J ~::, ~
<br />identical peIWn(s) whose name(s) are subscribed to the tore going instrument and acknowiedgi!d the execution thereof ..~ ,....? _ ~j
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<br />to be the! r voluntary act and deed. ~ < "'-\
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