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<br />7. COlJdemnation, In th~ ~v~nt the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />isempoweredlo<lOUllCtand JeCeive all compensation whieb may be paid for any property taken or for damages to property
<br />not .laken, and MortgallO" shall. apply suell compensation, at its option, either to a reduction of the ind~btedness secured
<br />hereby or to reptir and restore the property 80 damaged.
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<br />8. p~_ by Mortpgee. Mortgagee may, but shaiI have no obligation, to do any act whiclt the Mortg8jl;or
<br />lias.lIJIllllld but fails to. do, and MOrtgagee mayaiso do any act it deems neeessary to protect the lien hereof. Mortgagor
<br />~. to~, upon demand, any sums 80 ~xpended by th~ Mortgagee for th~ above purposes. and any sums 80 expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />sballnot ineur any peaonalliabllity because of anything it may do or omit to do hereunder,
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<br />9, Default; Asligmnent of Rents. Time is of the essence hereof, and upon Mortgagor's default in any eovenant
<br />or agreement of this MOrtgage, including eo'iel1ants to pay when due the sums secured. by this Mortgage. the Mortgagee shall
<br />be entitled, at its sole option and without notiee, to declare all sums secured by this MOl'tlaIeto be immediately due and
<br />payable and may eommeneeforedosure of this Mortgage by judicial proceedin&5; and, provided further, that upon sueb
<br />default the Mortgagee, or a reeeiver appointed by a court, may at ita option and without regard to the adequacy of the
<br />seeurlty, enter upon and take poosession of the Property and coUllCt the rents, issues and profits therefrom and apply them
<br />ll!llt to the cost of eolIeetion and operation of the Property and then upon the indebtedness seemed by this Mortpgee;
<br />said . rents, issues and profits beillll assigned to the Mortgagee as further seeurlty for the payment of the indebtedn_
<br />seemed hereby.
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<br />10. Tnnsfer of Property, If all or any part of the Property is sold or transferted without the express written eon.
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums seemed by this Mortgage to be immediately due
<br />and payable,
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<br />11. Fubft AdnDces. Upon request of Mortgagor, Mortgagee may make additional and future ad_to
<br />Mortgagor, Sueh advances, witb ioterest tbereon, shall be seemed by this Mortpge when evidenced by pro1Dissozy notes
<br />statiog that said notes are secured hereby, At no time shall the principal amount of the indebtedneM seemed bj this
<br />MOrlpCe, not including sums aclvanced to protect the seeurlty of this Mortpge, exceed the original Note.
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<br />12. MlIcelJanl!Oll5 ProYisioas.
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<br />(a) Any forebeannee in exercising any right or remedy shall not be a wtive, thereof.
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<br />(b) All ....medies pronded h.rein are distinc:t and cumulative to any other rigllt afforded by law or equity,
<br />and may be exercised concurrently, lndependentty or .uceoaively.
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<br />(cl The covenants and aareements contained h.....in shall bind, and the rights lnllft to, the respective
<br />.ua:essors and assigns of the Mortpcor and the M~,
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<br />\ d I All COVllIWU' and ~menlll of th. Mortp&or .... joint and .....raI.
<br />
<br />Ie, The headinp of lhe parqrapbs of this MllItpCl!.... for eonftDie..... only and IIWI not be used to intel".
<br />pret or defin. the prorisioos b.......f.
<br />
<br />13,~. Upon payment of all sums -..red by this Mortpge, Mortpaee shall diseharte this Mort&IIe and
<br />shall .x"""te and dell...r a salisfacto;,y ....... therefor,
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<br />IN WITNESS WHEREOF. Mortpeor has executed this Mortpee OIllhe ~ day af
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