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<br />7, Condemnation. In the event the Property, urany part the"",f, shall he taken by eminent domain, the Mortgagee
<br />isempowered toeaU.etand receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee .hall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to "'pair and restore the. property so damaged,
<br />
<br />8.Perfomwtce by Mortgagee, Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but faiIs.to ..to, and Mortgagee may also do any act it deems necessary to protect the lien hereof, Mortgagor
<br />agrt\t!S to repay, upon.d"mand, any sums so expended by the Mortgagee for the ahove purposes, and any sums so expended
<br />by tlieMortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof, Mortgagee
<br />shallllot Incuuny personal liability because of anything it may do or omit to do hereunder.
<br />
<br />9. Defwlt;Assignment of Rents, Time is of 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 by this Mortgage, the Mortgagee shall
<br />beentltltld, at its sole option and Without notice. to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may colIDMnce foreclosure of this Mortgage by judicial proceedings; and, provided further. that upon such
<br />detaultthe Mortgagee, or a receiver 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, issues and profits therefrom and apply them
<br />fust t.o the cost of collection and operation of the Property and then upon the indebtedness secu~d by this Mortgagee;
<br />said rents, Issues and profits being assigned to the Mortgagt.'" as further security for the payment of the indebtedness
<br />s<<ured' hemby,
<br />
<br />10. Transfer of Property, If all 0' 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 />
<br />11, Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortga,ee, Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating tlutt said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not incJudingsums advanced to protect the security of this Mortgage, exceed the original Note,
<br />
<br />12, MiIlcellaneous Provisions,
<br />
<br />(a} Any forebearance in exer{'!sing any right Of reml.>dy shaH not be a waiver thert~oL
<br />
<br />(b) All remedies provided herein arc distinct and cumulative to any other right afforded by iaw or equity,
<br />and may be t'xercisf'd :~neurrentJy. indPJH'ndpnLly or succt'ssively.
<br />
<br />(c) The covenants. and agn-t'-ments conlamt'd heft,in ~hall bmd. and tht'" rights inure to. the respective
<br />successors and assign.') of the Mort~agor and the Mortga~t'(>.
<br />
<br />fd) All covenants and agreefTU'nt.'i. of thi:" Mortgagor art' Jowt and sf'veraL
<br />
<br />(e" The he-&dings of thf' paragraphs of lhi~ Mort~a~F an> for l_.onnm{'n('~' only and shaH not be- used to interw
<br />~t or defin~ the proVisions h~reof.
<br />
<br />13, Release, Upon payment of all sum.. ,"'('ured by tI'" ~lurtga~", :>lortga~...' ,hall discharge this Mortgage and
<br />sbilll execute and deliver a satisfactory release then'for.
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