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Time is the essence hereof, and upon Mortgagor's <br />datfau2k 'in any covenant or agreement of this Mortgage, <br />including covenants to pay when due the sums secured by this <br />Mortgage, the Mortgagee shall be entitled, at its Sol',& Option <br />and without notice, • to declare all' sums.secured by �this <br />'Mortgage to be immediately due and- payable and -,mayx- ,commenoa <br />foreclosure of this Mortgage by,judicial proceed i ngi;r_'' <br />'and"kk <br />provided further, that upon such default the Mortgagee, orl"'a <br />receiver appointed by a C43urt, may at its option and without <br />regard to the adequacy of the security, enter upon and take <br />possession of the Property and collect the rents, issues and <br />profits therefrom and apply them first to the cost of <br />collection and operation of the Property and then upon the <br />indebtedness secured by this Mortgage; said rents, issues and <br />profits being assigned to the Mortgagee as further security <br />For the payment of the indebtedness secured hereby. <br />7. If all or any part of the property is sold or <br />transferred without the express written consent of the <br />Mortgagee, Mortgagee may at its sale option, declare all sums <br />secured by this Mortgage to be immediately due and payable. <br />G. Any +arebearance in exercising any right or remedy <br />shall not be a waiver thereof. <br />9. All remedies provided herein are distinct and <br />cumulative to any other right afforded by law or equity, and <br />may be exercised concurrently, independently or SUCCeSSiVelY. <br />10. The covenants and agreements contained herein shall <br />bind. and all rights ink-ire to, the respF--ctive successors and <br />assigns of the Mortgagor and the Mortgagee. <br />11. All covenants and aL <br />,Ireefftentt5 or the Mortgagor and <br />the Mortgagee are joint airid several - <br />i 2. Upcn payment of all sums secured by this Mortgage. <br />Mortgagee shall dls ,C:harge this Mortgage- arid shall eXeCQte and <br />deliver a sat,-:j+actot-V release therefor. <br />L <br />IN WITNESS WHEREOF, Mortgagor tzaS Q,,e,-Uc2d this Mortgage <br />on the 4th- day of - November ........ 1986, <br />STATE OF NESRAS A, Hall ------- -- ounty ss: <br />The -foreocing instrument was acknowledged before me this <br />N-ov - 4, 1986 b,,, John J. Hetfield and Beverly L. Hetfield <br />----------------------- <br />----------------------------- I <br />:�, ----------------------- <br />F� E (7 <br />NQf v <br />A <br />A <br />00,n <br />ti <br />vkh� <br />A <br />A <br />