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<br />85�-- 043008
<br />4. In the event the r'r•c,perty, or tr,, part tirc;r•t�ot, shall be taken by eminen t
<br />domain, the Mortgagee is ernpowe- id to collect and receive all compensation which
<br />may be paid for any i >'cr1 %erty taken or for damages to property riot taken, and Mort
<br />shall apply such compensation, at its option either t 9ageF'
<br />secured hereby or to repair and restore the property o a reduction of the indebtedness
<br />pro er•t so damaged.
<br />5. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary
<br />protect the lien hereof. Mortgagor agrees to repay, upon demand, an
<br />5Y she Mortgagee for the above a y to
<br />shall be added to the indebtedness psecured nherebysand become esubject the Mortgagee
<br />lien
<br />ageended
<br />s;.,,,r,�• f. r +!11 ^tnannn ch;:l ! •�.• � .
<br />'lay do or onti t�to�do hereunder. 'ability any i', ; ;oral 1 i abi 1 i ty because of anyl,h @rryiet
<br />6. Time is the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured
<br />by gage
<br />this Mort, the Mortgagee
<br />Mortgage, shall be entitled, at its sole option and without
<br />.,(,,.uteoJ by this 1'turtgage to be in)rtediately due and
<br />Payable and may commence foreclosure of this Mortgage by judicial proceedings;
<br />anal, 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 adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents
<br />issues and Profits the- f"vFroln and apply them first to the cost of collection
<br />operation of the Pro�e;•t , and
<br />E , and thin E3pon the indebtedness secured by this Mortgage;
<br />said rents, issues and profits being a signed to the Mortgagee as further se
<br />for the pavr3ten t of the i nc�et�tedrtes s h security
<br />ecured hor-eby.
<br />7. If X11 or any ►'art of the Property is sold or transferred without the express
<br />written consent of the Mortgatee, ,ac,r,r�; c
<br />secured by thi Mrtgage to�t}r-, "lay
<br />payab�ee option, declare all sprasss
<br />d. Any l-,)rebearance in,
<br />exf rCi,int, any right or r•en!edy shall not be a waiver thereof.
<br />9. H1l remedies provided hee-eir3 ar °c; distinct ind cur;tulative to any Other ri
<br />afforded by law or equity, and ;;;ay be exercised concurrently, gi't
<br />�, independently
<br />JMLr{;�J.l, �,y, pendently or
<br />lg• The covenants and ayreNr.!ent_
<br />contained herein shall bind and all rights
<br />Lilt! ;r •_,_t fur arr� Lir i'ir�t'Lydy�z.
<br />11. All covenants and ae;reewents of the tlortc;agc�r and the '�kartcac�ee ar
<br />and several. _ - Mortgagee e joint
<br />12. Upon pay►nent of all sul;rs secur(?i by this MC)"t9age, Mortgagee shall discharge
<br />this Mortgage and shall execute and deliver a satisfactory release therefor. sclarge
<br />IN WITNESS WHEREOF, P•lortgagor has executed this Mortgage on the 17th da of
<br />_June 19 35 - -- Y
<br />CAIRO LUMBER C(1"1PAr1Y, Inc.
<br />y: f
<br />�-FanclTei—e :..,.
<br />SIAIE OF ;'aEfd;SE;A, Nall President
<br />_._. (�our►ty ss:
<br />.;,► pit; s 17th racy o r dune 1985
<br />betore r!p h,
<br />t c. undersigned, a
<br />;Iotary l >i�Ptllr,.. Pauly (;011lill3''i$1Qrlt ' d �.rnd (iu(1lttlead for` $;ild CUUnty� 1�►'$ ni3 1 lll�
<br />Francis 1.`. E.eber, Pre s i dent: of Cairo lumber Company, Inc . , a iehrils a o nclra ion
<br />on behalf of the corporation
<br />_ be tl'trwa T d( ?Ir t I Cd l
<br />persons whC�e,e~ (lifflE'i i)"e; `,ula`.t:r•Ibed to tltf' tr)r�g0311q irr�,tl�lir'rearl►. �t►ICl 00"flowiedkied (he.'
<br />execution thercyof to t:)(., v01 nnt<rrY (tct. Card t1F:et1.
<br />ft%u Pell 44 r Non tils
<br />TIWMAA A,Rjct1 .,.
<br />r ,L
<br />Ay Coma Eat J c t r r' y r.! k 1 f c
<br />
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