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6. Time is the essence her eo-t, and -.tpoi- Mortgagcr't5 default in any covenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee 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 a+ this Mortgage by judicial proceedings; and, provided further, that upon such de-Fault the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the securit.,, enter upon and take possession of the Property and colli—I. the rents, issues and pro+its therefrom and apply them *ir-,t- to the cost of collection and operation of the Property and then Upon the indebtednes=-. 'secured by this Mortgage; said rents, issuies and profits Assigned to the Mortgagee as +urther security +or the payment o+ the indebtpirine-:- sett tired hereby. I or any part of the property is sold or tratisterred wilhout the express written consent of the Mortqat--- o e, Mrt-43q m -? ee may at its sol, opts -n, declare all SUMS I F SECUted by this Mortgage to be immediatmalv due and payable. 8. �A n / 4 '-) r C- b e a r a n c- e i nt f- e. ef r =i ; ,g a r ? v right I-i shal I not be --i waiver the-eri+. 9. All proviced herein are distinct and to <ifv other right a4+ortied by law or equitv, and may be exer, isE--d concurrently, independently or successi,el'. IC). The ccvenants ann agreements contained herein shall bind. and all riqntF� inikre tc, the ret5pecti,e su.cre5.sors and as:,s3qnc-, o+ the MurtqLqgcr arid the MortgAgee. 11. All c:u.enarts and agrL=emervts of the Mortgaor-w and the Mortgagee ..are And ,Pve -al. 1;.. IJOCI(l ')1 411 f"J _)-, i'll - '10r tqlqe, MOr t9 a (-I — 511-al 1 d I sc har (;e t 1,1s and e, mk-utp and del i ver i sat i s+ ' or v r x!? I ea >& i,,,L-r et !N WIr ESS WHEREOF. 1'1!':r t q a qt:jr Ftes e, L,.--. It E-d tti;s Mort. Clage on the June 19 86. Dor Y-. pmill Was -;TA I E OF NELRAS,-4 - Hall --------------- COO -c-+t v "�t;: The +oreqo;nq 1"I5tf-LIMef-It was :i(., novel edqe,1 �je+ore me thi s a- s frigi - -�(�rs-o- Dors�hy K. CummIn e n r y Pu b J k CO C7 CM N