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<br />83-004209
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<br />7. Condemnation. In thee~ent the Property. or any part the",of, shall be taken by eminent domain. the Mortgagee
<br />is empowend to eoIleet and reeelw all compenaatlon which may be paid for any projK!rty taken or for damages to property
<br />not taken, and Mortpaee shall apply such compensation, at Its option, either to a reduction of the indebtedness secured
<br />henby or to re,m and resto... the property so damaged.
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<br />8. Perf__ by Mortgape. Mortgagee may, but shall have no obligation, to do any act which the Mortg&l/or
<br />11M screed but faDs to do, and Mortgagee may also do any act It deems neet'SS&I'Y to protect the lien bereof. Mortgagor
<br />... to repay, upon demand, any suIl1llso eXpI'ndo!d by the Mortgagee for the above purposes, and any sums so eXjK!nded
<br />by the. Mortppe shall be added to the Indebtedneu seeured hereby and beeome subject to the lien hereof. Mortgagee
<br />!liIaIl not IlICIIr any persooalliablllty becsUl40 of anything It may do or omit to do hereunder.
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<br />9. Defalllt; AsrlCnJneIIt of R<mts. n"", Is of the essen"" hereof, and upon Mortgagor's default In any covenant
<br />. or......_lltofthIsMortpce.lncludlng covenants to pay wh.... due tbe sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at Its soil! opllon and without notit"e, to dedanl all sums secured by tbls Mortgage .to be Immedlately due and
<br />payable and may commen"" foreelosu", of tbls Mort..... by judlclal proceedlngs; and. provided further, that upon sudJ
<br />default the Mortpgae, or a nceiwr appointed by a court, may at its option and without regard to the adequacy of the
<br />~, eater upon and take pooMIIlon of tbe ProjK!rty and collect the rents, issllt!ll and prollts therefrom and apply them
<br />lint to the colt of coIleetion and op"ration of the Property and' then upon the Indebtedness seeured by this Mortgagee;
<br />said renta, lsiIH!S aDd profits being assiened to the MortgagH ... further se<!UI'lty for the payment of the indebtedness
<br />MeIIml heNby.
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<br />10. Transfu of Property. If all or any part or tbe Property is sold or transrerred ...ithout the express written con.
<br />_t of the Mortgagee, Mortgagee may at its IIOle opllon, declare aU sums weured by this Mortgage to be immediately due
<br />sad payable.
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<br />11. Future Ad_ Upt.m reqtJtl$t ot Mortgagor, Mortgagee may make addltional and iuture advances to
<br />Mortpaor. Such lldv_, with Interest the....on, <hall be _ured by this Mortgallf! wben evidenced by promissory notes
<br />statlnf that said notes are .....u...d he....by. At no time shall the principal amount of the indebtedness lIeCIlred by this
<br />Mortpp, not Includlng.oms adnnced t.o protect the security of this Mortgage, exceed the original Note.
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<br />12. M~ I'toYlllion&.
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<br />(al Any foreb<>arance in exercising any nght or rem<>dy shall not be a waiver thereof.
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<br />(0) All reMl'dlell proVIded ben"" ..... dlstlllct and cumuiative to any other flgIIt afforded by law or equity,
<br />sad _y be e:urciHd concutn!Dtly, mdependently or suc:cessively.
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<br />lei 1be eu_anlll and ~ments cunlamed he....," .hall bind. and the rigllls inure to, the respective
<br />_ and aaIgns of the MOltpIOr and tile Monp,"".
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<br />(4) All oown&lll,s lIlUi qlftm....tl! of tile MOJ1illIlOf are Jomt and se'erat.
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<br />le) 'llle headinp of the parqraptu of thlA Mortpge are for convenience only and .hall not be used to Inter-
<br />plYt or define the pro...I.."o hereof.
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<br />13. ReIeaM. Up<><> paYlnflIt of all surm li<'cureO by thi. Mortg"ll". MortpPe shall dlschill1l" tlt'" Mortgage and
<br />sbaIl "lUI!C\lte and ddlver a ..Wl.law:;ry ro!eaao! the....ror.
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<br />L"V WiTNESS WHEllEtH-', Mort&.g.... hIlS .,.ecull<d Ihil Morlgallf! on the _._,'._ day of _____, 19 __
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<br />DAVIS Bllb. (n\..";I1lLCl'lON CO. ;\1..':50 KNO\'N fl.':,
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<br />ihWI"1...r~:;211~1~'i_S!-~11!1(1~IS:r.~ (!J.1PANY _......~_
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<br />/~ 1lo..%1)w,.'
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<br />!fLV~:~.(2't.:"{u~~:.......____
<br />Wallace l\'J.v 1S, !'J"ebiden t eo..ow..
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<br />sc:-. 01 N.......
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<br />, dilly _I"'</"')IleQ and qualUled for &aid wunty, P<'GOUaily ca_
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<br />On tbiI____.d&y or _,__.______.19__... before me. tile undersigned, a Notary Public
<br />\'ial Lace Davis
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<br />~_____._'_..'''__.____'_____,.._..___, to me known to be the
<br />~ petliOIl(Sl wbou _(II ..... subsenbed to tile r~ inotnuu"l1t &lid acknowiedcl>d the e""",,!lon there..f
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<br />his
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<br />._._ yobmlAry act and deed.
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<br />WitIlearny band and lIotalil1lllNl at ____:2~.J_s l~ld, ,,;ebl~"il'..<:...___ ill wd county, tilt<
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