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I 83-001889 6. Performance by Mortgaqee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor has agreed but failed to do, and Mortgagee may also do any act Mortgagee deems necessary to protect the lien hereof. Mortgagor agrees to repay, upon demand, any sums expended by Mortgagee for the above purpose, and any sum so expended by Mortgagee shall be added to the in- debtedness secured hereby and become subject to th~ lien hereof. 7. Miscellaneous Provisions. a. Time is of the essence hereof, and upon Mort- gagor's default in any covenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall be entitled, at Mortgagee's option and without notice to declare all sums secured by this Mortgage to be immediately due and payable and may commence foreclosure of this Mortgage by judicial proceedings. b. All remedies provided herein are distinct and cumulative and any forebearance in exercising any right or remedy shall not be a waiver thereof. c. The covenants and agreements contained herein shall bind, and the rights inure to: the respective heirs and assigns of the Mortgagor and the Mortgagee. d. All covenants and agreements of the Mortgagor are joint and several. e. In the event that the Mortgagee exercise their option to purchase 24 acres of the property above-described under the terms of a written option agreement dated the Ilf1\. day of A,"'. , 1983, and provided that the Mortgagor fully comply with the terms of said option, then this Mortgage shall be null and void and released by the Mortgagee, otherwise to remain in full force and effect. IN WITNESS WHE~OF the Mortgagor have executed this Mortgage on the --l4- day of ,} ,', 1'"-"1 , 1983. f};~'~t~~if~l~ I ,-,1th ~,L ~,t<-1 (;a.- j' c,~-I..(..../ .~. Judf Steeple / ..../ -2- L ~ L