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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at Its option, either to a reduction of the indebtedn... secured
<br />hereby or to reJlalr and restore the property so damaged.
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<br />8.PerConnance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Moltgaj!or
<br />luis. agreed but fan. to do, andMonpgee may aIaodoany act It deems necessary to protect the lien hereof. -Mortgagor
<br />agJI!t!S. t<> repay, upon demand, any sums so expended by the Mortgagee for the aboVe purposes, and any sums so expended
<br />by the Mortgagee shall. be added to the indebtedn... oecured. hereby and become subject to the lien heroof;, Mortgagce
<br />shall notillCUr any pel'lKlnalliability because of anything It may do or omit to do hereunder:
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<br />9. Default; Asaignment. of Reltts. Time is of the .....nce hereof, and upon Mortgagor's default In any covenant
<br />oI'agxvement of this Mortgage, including covenants to pay when due tbe sums secured by thls Mortgage, tbe Mortgagee sh8I,..
<br />be entitled, at its sole option and without notice, to declare all sums secured by tbis Mortgage .to be immediately due and
<br />payable and may commence fon>closun> of this Mortgage by jUdicial Proceedlnllll; and, provided further, that upon sucb
<br />default the Mortgagee, or a receiver appointed by a court, may at Its option and without n>gard to theadequaey of the
<br />security, enter upon and take possession of tha Property and collect the rents, issues and profits the""trom and apply tbem
<br />first to the cost of collection and operation of the Property. and then upon the indebtedness secured by this Moztgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for tbe payment of the IndebtednesS
<br />secured hereby.
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<br />to. Transfer of Property. If all or any part of the Property is sold 01' transferred without the express written con.
<br />sent of the Mortpgee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be Immediately due
<br />and payable.
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<br />tl.FulUre Adv_ Upon request of Mortgagor, Mortgagee may make additional and fUture advances to
<br />Mortgagor, SuclI advances, with in!>!....t thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured h....by. At no liuw sball the principal amount of tbe indebtedn... securedby.this
<br />Mortpge, not ineludlllJ sums advanced to protect the security of this Mortgage, exceed the original Note.
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<br />12. MloeeIIaneous Provisions.
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<br />(I) Any forebe"",nc. in exercising any riRbt or remedy shall not be a waiver thereof.
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<br />(b) All remedies provided h.rein are distinct and cumulativ. to any other riRbt afforded by law or equity,
<br />and may be exercised concurrenUy, independently or successively.
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<br />(c) Th. covenants and agnoemenls contain.d h.rein shall hind, and the rights inure 10, the respective
<br />ou""""""" and assigDll of tbe Mortgagor and the MQrtgaaee.
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<br />(d) All covenants and agnoements of the Mortgagor are joint and several,
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<br />(el The headlDgll of the parlICllIphs or thio MortgalO are for convenience only and shall not be used to inter.
<br />pret or deftne the proVisions hereof.
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<br />ta. Rete..... Upon payuwnt of aU sums """"red by th.s MortgalO, Mortgaaee sball diseharge this Mortgage and
<br />shall execute and deliver a ..tisfaet",'Y rei.... the",ror.
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<br />IN WITNESS WHEREOF, MortCl',.,r hao executed lb~ on lb. .J.1tttl day of
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<br />,19-83.
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<br />Bouower
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<br />BoD'.o.e.r
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<br />Stale of N~ _.____'~Llall_,_.__,__~_.__COunty os:
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<br />On th15_.1~daY of ~ember '. 19~, berore me, the underslened, a Notary Public
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<br />duly COGWIissiOllOd and qualified for said eounty, pe-aIIy ..nw Edward E. Kolar, ,Jr., and Lonna B.
<br />
<br />Kolar, Husband and _Wife , to me known to be the
<br />idenUal J2<l_(s) wn- name(s) .... sub6cribed to the foregoing instrument and acknowledged the ex""ution thereof
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<br />to be hi s and her voluntary act and deed.
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