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<br />7.Condemnatkm. In the event the Ptoperty, or any part thereof, shall be taken byelllinent domain, the Mortgagee
<br />is empowered to Colleetand receive all compensation which may be paid for any property taken or for damages to property
<br />not taten,aftd'Mortilaceeshall apply such compensation, at Us option, either to a reduction of the indebtedness secured
<br />berelly or't<>' repllli- <lDdre$tore tile. property so damaged,
<br />
<br />.... . .8. terforllialiClfby Mortgagee. Mortgagee my, but shall have no obligation, to do aliy act which the Mort~.
<br />~af,riletl but flilsti>do; and Mortgagee may ills;) doany act it deems neCl!s$ary to protect the lien hereof.. Mortgagor
<br />~~ore~y;upol! demarid, any sums so expended by the Mortgageeforthe above p~, 8lId any sums so exPended .
<br />bycthe'."'ortgageesliall'.be added to.the indebtedness secured herebyan\l become subject. to. the li.en.hereot. MOrtgagee
<br />ishaI1 not inCW'any' peIlionalliability because of anything it may do or omit t<> dl! hereunder.
<br />
<br />, '.' '. . 9; Defaidt; .ASsignmeI1t of Rents.. Thilels of the essence hereof, arid Upon Mortgagor's defai1ltin ";yco~t
<br />or agr<!eDlllnt oftbis Mortgage, including covenants to pay when. due the sums se<mredhy thls'Mortgage;theM<lrlgagee'sh81" .
<br />be entltled,atits soie option and without notice, to declare all sums se<mredby thlsMortgage:tobe'immediatelydue'and
<br />payable and may commence foreclosure of this Mortgage byjudielal' proceedillgl;od,.provldedturther,thatupon suell
<br />defai1lt the Mortgagee, or a receiverappointedhy a court, may at its option and without regard to the adequacy of the
<br />seCurity ,enter upon and take paiSeSSion of the Property .and collect the rents, issUes and profits therefrom andamilieu.
<br />Iiist t<>tbeeoot of collection and operation of the Property and then upon the indebtednessliecutedby,thISM0rtgage8;
<br />said tents; issues and.profits being assigned to the Mortgagee as further.security for tbepayment.Qfthe'inllebtedness
<br />secUred'l1ereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the expresS writteh ec,n'
<br />...nt 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. FutoN Ad....ee.. Upon request of Mongagor, MOJ:tgage<! may mate additioncl ."d l'!Iture adV8!l..... to
<br />Mortgagor. Sudt advan...., with interest theNon, shall i>e secured by this Mortgage when evidenred by promissory n(;!es
<br />stating that said notes are secured hereby. At no time shan the principal amount of the indebtedneSs secwOO'liY.tbis
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Miseel1aneous Provisions.
<br />
<br />
<br />(a) Any forebearance iu exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(h) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successively.
<br />
<br />(c) The covenants and agreements contained herein shall hind, and the rights inure to, the respective
<br />Sl1CCesSOlS and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants llI1d agreements of the Mortgagor are joint and several.
<br />
<br />(e) 'The beadings of the paragraphs of this Mortgage are for convenience only and sball not be used to inter-
<br />pret or define the provisions hereof.
<br />
<br />18. R....... Upon paym.nt of all sums secured by this Mortgage, Mortgagee shall dischaI'ge this Mortgage and
<br />shall execute and defuer a satisfactory rel.... therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has .xecuted this Mortga&e on the 8th day of Nov.
<br />.".......-'1
<br />
<br />,.~2/ ,~:L:~7-c<'~':t{,~ -
<br />(Robert. Slng~et"ry) f.,
<br />(~3t',::~-~:r.~.:~~-" __,-,i 7 -'f ,/>. t;;:=':
<br />(Bett'C/Singlet,;iry) .\
<br />CoUllty ss:
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<br />, 19 !ll..-.
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<br />Bm.JQW..'
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<br />Bonowet
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<br />&ate of Nebnab,
<br />
<br />Hall
<br />
<br />On this
<br />
<br />8th
<br />
<br />day of
<br />
<br />November
<br />
<br />19~, before me, the undersigned, a Notary Public
<br />Robelt Singletary ano Betty
<br />
<br />dilly COI!UDissicned and qualified for said COUllty, pelBOnally came
<br />
<br />Singletary , to me known to be tb.
<br />identical peISOD(s) wbose name(s) are suboscribed to the foregoinginstnunent and acknowled&ed th.ex.ecution thereof
<br />
<br />to be thei r vo1untary act and deed.
<br />
<br />Wno.s my hand and notarial seal at
<br />dale afonsaid .
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<br />Gr~n<i T~li"jnrir NF.
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