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<br />7. Condruaeatiat. In the eveni the Property, or any part thereof, shall betaken by eminent domain, the Mortgagee
<br />at empowered to cafted and receive all compensation which maybe paid for any property taken or for damages to property
<br />oot taken, and Mortgagee AM apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />Aereby
<br />or to repair and restore the property so damaged.
<br />E, TeefaernDrce by Mortgagee. Mortgagee may, but shall have no obligation, to do any ad which the Mort;ytor
<br />has agreed but fails to do, and Mortpg" may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, sport demand, any wmE sa expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee sMQ be added to the indebtedness inured hereby and become subject to the lien bereof. Mortgagee
<br />AW nM incur any personal liability because of anything it may do or omit to do hereunder.
<br />S. Default; Asolgainent of Rortua. 71me is of the essence hereof, and upon Mortgagor's default in any cwt
<br />or agreenwrit of this Mortgage, including covenants to pay when due the sues secured by, this Mortgage, the Mortgagee shall
<br />be entitled, M its sole option and without notice, to declare all sums secured by this Mod" to be immediately due and
<br />payable aid may commence foreclosure of that Mortgage by judicial proceedings; and, provided further, that upon such
<br />dW*A the Mortgagee, or a n,er trez appointed by a corset, may at its option and without regard to the adequacy of the
<br />security, eater upon and take possession of the Property and coiled the rents, issues and profits therefrom and apply them
<br />MW to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said tents, issues and profits being assigned to the Mortgagee as further security for the pa- vinent of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property'- If all, or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advance& Upon r,-quest of Mortgagor. Mortgagee may make additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall he secured by this Mortgage when evidenced by promissory notes
<br />Mating tin: 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 />11 MiscellaneousProvamons.
<br />cal Any forebearisnee in exorcising any right or remedy shall not M' a waiver thereof
<br />qbj All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may he cxemsed - oncurrentic, independent;% or successivel %.
<br />te) The covenants and agreements contained herein shalt bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagor.
<br />Of All covenants and agreements of the Mortgagor am joint and several
<br />to The heading.& of the psmgraphs of this Mortgage are for convenience oist-, and shall not be used to inter-
<br />pret or define the provisloi% herec,f.
<br />13. Rek ie. upon payment of all Sums secured b% thi, Mortgage. Sortgagee shall discharge this Mortgage and
<br />exreute and deliver a rule., therefor.
<br />ik WITNE,SS WI:FR t.IF, Mortgagor has executed this hYortpgv on the 1�_ d of .__ T�^� �..�, 19
<br />... _n.J -W. __1 : Ba. rawer'
<br />L. 15A
<br />On this __.__ ___.. day of f �' °'� - -__ . 14 before me, the undersigned, a votary Pubtic -i,,
<br />dray cotandissioned and gwlifred for said dsfinty, personally carne ..... ?•_ v 1 _ s s i f; -tY _ =� __�
<br />_._._._ -- to me known to he the
<br />identical person(s) whose namit -fsl are subscribed to the foregoing instrument and acknowledged the execution thereof .� .
<br />r
<br />heir
<br />to be _____._.__.._ _._.._ _.. voduntan act and deed.
<br />Whaess m) hand and notarial seal at - _ _ "__ • _ _ _,, in said county, the
<br />date aforesaid . �•"
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