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7. Lion. lathe event the Property, many part thereof, shall be taken by eminent' n, is empowered io collect and mosive all compensation which may be paid for any property takers or for dausagas to property not taken, had McwtMee shahll apply such compensation, at its option, either to a reduction of the Indebtedness SOMM4 I or to r ad restom the property so damaged, B. performance by Mortgelim,Mortillegov may, but shall have no obligation, to do any het which the oo Is but to do, gad also do any set it deems n to protect the Ilan hereof. t , , any sb so ex by the Mortgagee for the above purposes, ad any sum a+v by 6be' ,. !mail be ,added to the indebtedness secured hereby and become 'subject to the Ilea hereof. incur any pe 'liability because of anything it may do or omit to do hereunder. 9. Delardt, t of Rents. Time Is of the essence hereof, and upon MortgaWs default in any t oragmeranst of this Mortgage, including coverumM to pay when due the sums secured by this Mortgage, the Mortgages shall be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be Immediately due And payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon Mortgagee, detvalt the or a river appointed by a court, may at its option and without regard to the adequacy of the secarlty, enter upon and take possession of the Property and collect the rents, issues and profits thetebrom and apply them Chat to the cod of collection and operation of the Property and then upon the Indebtedness secured by this M ; add reats, Issues and profits het" assigned to the Mortgagee as further security for the payment of the Indebtedness secured by. 10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con- sent of the Mortgagee, Mortgagee may at its sole option, declare all sums.secured by this Mortgage to be immediately due and payable. 11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note. 12 Miscellaneous Provisions. (a) Any forebearance in exercising any right or remedy shall not be a waiver thereof. (b) All remedies .provided herein are distinct and cumulative to any other right afforded by law or equity, and may be exercised concurrently, independently or successively. (c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. (d) All covenants and agreements of the Mortgagor are joint and several. (e) The beading& of the paragraphs of this Mortgage are for convenience only and shall not be used to inter - pret or define the provisions hereof. 13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and full execute and deliver a satisfactory release therefor. IN WITNESS WHEREOF, Mortgagor has executed this M ge on the t st day o AnAl oe 19-&7—. w (Du ne A. Obermier) i2ower ( Bonnie L.A. Obermier) Borrower