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<br />I" <br /> <br /> <br />83~006301 <br /> <br />lll!lCbanic's or other liens not expressly subordinated to the lien hereof; <br />not to.lIllI1le, suffer or permit any nuisance to exist, nor to diminish or <br />illpllir the value of the Property by any act or emission to act; and to <br />!XlIlPly with all requirements of law with respect to the Property. <br /> <br />6. Candelmatlon. In the event the Property, or any part <br />thereof, shalll5"e taken by aDinent domain, the !.brtgagee is enp::l'Nered <br />to collect and receive all c.on~ation which may be paid for any <br />property taken or for dmmges to property not taken, and llbrtgagee shall <br />apply such CCJJ:pmSation., at its option, either to a reduction of the indebt- <br />edness secured hereby' or to repair and restore the property so damaged. <br /> <br />7. Perfonnance by llbrtgagee. ~brtgagee may, but shall have no <br />obligation, to do any oct wtlich the 1OOrtg'dgOr has agreed but fails to ro, <br />and Mlrtgagee may also do any act it deems necessary to protect the lien <br />hereof. ~rtgagor agrees to repay, upon dermnd, any sums so expended by <br />the Mortgagee for the above Wrposes, and any surrs >D expended by :Vlortgagee <br />shall he added to the indebtedness secured hereby and become subject to <br />the lien hereo1'. ~brtgagee shall not incur any personal liabilit:y because <br />of anyt.'ling it rmy de or =i t to do hereun~r, <br /> <br />8. Default; Assignment of Rents. 'l'i.m? is of the essence hereof. <br />and upon M:>rt~r's default in any CC41venant or ag:reerrent of this llbrtgage. <br />including covenants to pay when due the Sulls secured by this M:>rtgage, the <br />lbrtgagee shall he entitled. at its sole option and without notice, to <br />declare all sum secured by this ~brtgage to be inImdiatley due and payable <br />and may Cal\'l1OIlce foreclosure of this ~brtgage by judicial proceedings; and, <br />provided further, that lljXXl such default the !.brtgagee, or a receiver <br />app:>inted by a oourt, my at its option and without regard to the adequacy <br />of the security. enter upon and take pcssession of the Property and collect <br />the rents, :issues and profits therefran and apply them first to the ('.os1; of <br />col1ect5on and opmxtion of the Property 'Iud then upon the inrebtedness <br />secured by this }brtgage; said rents, issues and profits being hereby assigrK"C! <br />to the M:>rtgagee as further security for the paymmt of the indebtedness <br />secured hereb}'. <br /> <br />9, Other l.brtR~ and Secau'lty I\greurents. 'lhi" \brtg-_"'C shall <br />not in any _y restrict. nullify, revoke or othelWise affect any existing <br />or future nortgage or nortgages, or any existing or future security agree-- <br />:rent or securi ty agreeM!nts gi \'eIl by ~rt~r to \brtJ.;agee. <br /> <br />10. Trlulsfer 01' Property, If all or any part of the Property c.r <br />any interest of !.brtgagor therein is sold, transferred or further encunbered <br />without the express written eOllb-ent of the !.brtgagee, M:>rtgag\C>e rm.y, at its <br />sole option, declare all S\.IlB secured by this !.brtgagee to be imredintely <br />due and payablE'. <br /> <br />11- Miscellaneous Provisioos. <br /> <br />a. ,4ny forbearance in exercisinl{ any right orl'eOOdy shan <br />rot be a waiver tlle:reof, <br /> <br />b, All raredi(;s prov'ided herein are distinct and cUlnllative <br />to ans other right afforded by law or equity, and may be exercised mn- <br /> <br />-4- <br /> <br /> <br />u <br /> <br />L <br /> <br />..J <br /> <br /> <br />L <br />