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?, t;anaemnation. Fn ttie event the Property , oranv part thereof, sha1F be taken Y~y eminent domain; the NFortgagee
<br />is empovrered to collect and reneive aif cornpensatiori which ma~'be paid'for any propext~ taken or for 3arnages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a zeduetion of-the indebtedness secured '
<br />hereby ar to repair and restore the property so damages,
<br />8. Performance by :Mortgagee. Mortgagee may, but' shelf tsave no obligation, to do any act which the Mortgagor
<br />has agreed but faits to dn, and fi4ortgagee mac a}so do any iict ii deems necessary to proteci the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above parlaos~es, and any Burns-so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and hecorrre subject to the lien .iereaf. Mortgagee
<br />shall not incur ~~ny personal liability because of anything'st may do or omit to dv hereunder.
<br />9. De1'auit; _assignment of Rents. `l`ime is of-the essenee hereof, and upon Mortgagor's default in any coc~enant
<br />or agreement of this Mortgage, including cotenants to pay whendue the sums secured by this Mortgage, t:he Iviortgagee shall
<br />be entitled, at Stns sale option and w-ithous notice, to declare all sums secured ~y this 3v]ortgage.ta be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default theMortgagee, or a receiver appointed b}r aeourt, may at its optianand'witharit regard to the adequacy of the
<br />security, enter upon and take possession of the Yraparty and collect the rents, issues and profits therefrom and apply them
<br />first to the cost of collection and operation of the Ptirpezty and then upon the:indebtednesa secured by this Mortgagee;
<br />said rents, issues and.. profits being assigned to the Mortgagee as further security far-the- payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If.all ar .any part of the Property is Bald or transferred without flee 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 />Y1. Future Advances. Upon request of Mortgagor, Mortgagee may.. make• additianaF and future advances is
<br />Mortgagor: Such :advances,,with iaiterest thereon, shall be secured by this Mortgage when evidenced by; promissory notes
<br />stating that said notes are secured hereby. At na 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 AFate:
<br />12. 14liscellaneaus Provisions.
<br />(a) ,Any €orebearance in exercising any right or remedy shall not ise a waiver tlrereaf.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />.and maybe exercised concurrently, independently or successively.
<br />tc} The covenants and. agreements, contained. herein shalt bind, and the rights inure to, the respective
<br />.successors and assigns of the Mortgagor and: the Mortgagee,;
<br />Cd) All c+avenants and agreements of the Mortgagor are joint and. several,
<br />(e) The headings of the paragraphs of this Mortgage are far convenience only and shall not be used tie inter
<br />pret +ar define :the provisions hereof:
<br />13, Release. tifpon payment of all sums secured by this- Mortgage, Mortgagee shall .discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHER:EC?F, Mortgagor has. executed this.. Mortgage on the 3r,~ day of Janttarv' , 2S ~.
<br />r ~
<br />.
<br />' i~17.r~.G <J, Tl~.~ill 11 Lr _ SOiTDWST,..
<br />1~'Isi.Z~: ~~ r1~~A11AfJLIC~~ BOTTOWL'!
<br />State of 3vebxas&a, ~, I~a1.1 County ss:
<br />Qn this _~~r~ day;. of JailuaY°y t9_$~_, before me, the <undersigned;. a- Fbtotary Public
<br />duly commissioned anri qualified for saidcognty, personally catrre ~~~ ~~. 1~21..ri11a1):LSh ~ `)'~`~~~ ~. ~E'7dIlbuCh,
<br />T.fuSlaand ai~rd t1'zLE' ~ ~ ,_to me known to-be the .
<br />identical person(s) ~.vhose nsnre(s) are subscribed ro the foregoing instrument ;and acknowledged the execution iher~of
<br />~~~ ~ ~~~~ r~_~z~
<br />to be __~~__ ___ voluntary act and deed.
<br />U ~an~ 'Sl~nu,p~~bt ati~a
<br />w;tness zny hare, ai,d not;rria! seal at ~_ ~_ ~- _-~ -_--__--,.,.-.-..-.._._:,iti said county, the
<br />date aforesaid .
<br />My %ommiss9a,!~ expires: ~~ ~ '~
<br />--_, _~_..~___ _~.-----lota~Y Puoric
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<br />\~ -- ~- - Pace ~seio u~ P?,u &i.~s bt acea~sevd Fo, Lender and R&c4Td8T) -
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