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<br />84 ~" 00255(9
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<br />waste, and free from mechanic's or other liens not expressly subo~4~n~t~~c
<br />to the lien hereof; not to make, suffer or commit any nuisancetoeJ{~~1;cc
<br />HUt,. I..U dimini'sh or impair the value of the ~~operty by any.., ~ct___,..,?;I;~:;-_:,~~:~:i-o,:_.;:::>;'
<br />sion to act; ~nd to comply with all requirements of law withreSpei:J':t' .
<br />to the property.
<br />
<br />6. Performance by Mortgagee. Mortgagee may, but shallhave'i!l1)
<br />obligation, to do any act which the Mortgagor has agreed butfaiL~..
<br />to do, and Mortgagee may also do any act Mortgagee deems necessalOY'tl.'l"
<br />protect the li1m hereof. 1<!ortgagor agrees to repay, upon de'lljal"ld'~"':'I'LY,~
<br />sums so expended by the Mortgagee for the above PU.I;'-po,s~e-s-_,__. It;'n_.Gi:," ,~:-;:~--~,:;~r
<br />so expended by the Mortgagee shall be added to the indebtednesss
<br />hereby and become subject to the lien hereof. Mortgagee sha:l.l.no,t;','
<br />any personal liability because of anything the Mortg<!.gee may door
<br />to do hereunder.
<br />
<br />
<br />7. LTefaul t; Assignment of Rents. Time is of the essence<het:e(),f:~
<br />and upon mortgagors' default in any covenant or agreernentofblli$,<
<br />mortgage. including covenants to pay when due the sums securedc 'by"
<br />this mortgage, the mortgagee shall be entitled, at mortgagee "5 sole'
<br />option and without notice, to declare all sums secured bv this mort...,
<br />gage to be immediately due and payable and may commence foreclosure
<br />of this mortgage by iudicial proceedings; and, provided further,that
<br />upon such default the mortgagee, or a receiver appointed by a Court,~
<br />may at their option .]nd without regard to the adequacy of the securit.y,
<br />enter upon and take Dossession of the property, collect the rents, issu~s.o,
<br />and profits therefrom "nd "pply them first to the cost of collection and'!:
<br />operation of the property _'nct l hen upon the indebtedness secured by thb:;
<br />mortgage; saJ.d rent s. l ssues and pro fits beinq assigned to the mortgagee.
<br />as further sec\.lrit.y :"or t.he [./ayment ()f the indebtedness secured hereby.
<br />
<br />8.
<br />sold or
<br />option,
<br />due and
<br />
<br />Transf.er ()f
<br />transferred.
<br />declare ~~ll
<br />payable.
<br />
<br />:'roperty. If all or any part of the property is
<br />by the mortgagor, mortgagee, may at their sole
<br />3ums secured by this mortgagc' to be immediatley
<br />
<br />
<br />9. !.1iscellaneous Prov~s ions.. .f:!... Any forbearance in exercisin-g
<br />any right or remedy shall not be a waiver thereof.
<br />
<br />Bt All ren,edies :.;cJvi.de(l herein are distinct and cumulative to
<br />any other right affordeJ by law or equitYI and may be exercised,
<br />concurrentl'i~ independent:l'l or successively.
<br />
<br />c. The covenants ~r)cl .lgreements contained herein shall bind,
<br />and the rights inure to: The '-espective successors, hell'S, and
<br />assigns of the mortgdgor and the mo.rtqaqee.
<br />
<br />D. All covenants dnd dqreement$ of the rnortqaqor are join't ana
<br />several.
<br />
<br />E. The headings ot
<br />ven1ence OIlly and shall
<br />hereof.
<br />
<br />t.he paraqraphs of this I,.r1ortgage are for con-
<br />~10t be used to interpret or define the provisions
<br />
<br />iv. kelease. Upon ?ayment of all sums secured by this mortgage,
<br />mortgagee shall discharfJe this ~'1ortqaqL. .:ind shall ~-'xecult~ and deliver
<br />a satisfactory release there for.
<br />
<br />..J. ~"'.r', WITNESS w.:.TH":.R.E9F, mortgagor has executed this mOJ:tqaqe on the
<br />day of11'~ii__, 1984,
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<br />~-~~
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<br />RiC~t ,1 n. :)0~Ore, _ --._-
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<br />~ .~C_r;Q~j?~_
<br />
<br />-. f)~Vor{:"
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