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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 ror 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 indebtedness secured
<br />hereby or to repair and restore the property so damaged,
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<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortg8l!0r
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to proteet tbe lien hereof, Mortgagor
<br />agrees to repay, upon demand, any sums so expended by tbe Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee sball he added to tbe indeb!ednc... secured hereby and become subject to the lien hereof, Mortgagee
<br />shaH not ineur !..."t!y personalliabiHt-y ~ause cf !..llything it n"~y do or omit to do h€'1'eundet.
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<br />9, Default; Assignm"n~ of Rents. Time is of the essence h..reof, and upon Mortgagor's default in any cov>>nant
<br />or agreement or this Mortgage, including co.enants to pay when due the sums secured by this Mortga,., the Mortgagee shall
<br />be entitled, at its sol.. option and witbout no~ice, to declare all sums secured by this Mortlage .to he immediately due and
<br />payab'" and may comm..nC<' foreclosure or tbis Mortgage by judicial proceedings; and, provided IIlrtber, that upon.ueb
<br />det.ault too Mortgagee, or a receiver a'POinted by a court, may at Its option and without repnt to the adequacy oftlle
<br />Sl'curity, en..r upon and take possession or the Property and collec~ the rents, i...... and profits thenllOm and apply them
<br />first to the cost of collection and operation or the Property and then upon tbe indebted_ secured by !hit Mortpaoe;
<br />said rent.<, issues and profits being assigned ~o the Mortgagee as further security for the payment of tbelndetitedn_
<br />secured hereby,
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<br />10, Transrer or Property, If all or any part of the Property is sold or tranSf.t'red without the expnu wrlttenCOli.
<br />sent of 'be Mortgagee, Mongagee may at iC' .ole option, declare all sums .secured by thlA Mortgace to be Immediately due
<br />and pa:, able.
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<br />11 FuWft Advances. l.'pon request of Mortgagor. MortpCee may make addItional and 1Il_......~
<br />Mongagor. Such ad.anCf'S. W1tl> in",....t thereon, shall be secured by this Mortwale wh.n avideneed by pt"OmWorylJOWti
<br />stating tha~ said notes are <<'Cured hereby. At no ~ime sball tbe prinelpal amoun~ of th. indebt.l.!dnea _riod1iYihii
<br />Mo~, not including sums ad.anced to pro~""1 the seeUl'ity of this N1ortp&\!, e_d the MigInaI Note,
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<br />12. 101_. Pro.l5io....
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<br />,at Any {oreooaano.>- III exercising my Tight Ot remedy shall not be-. w&i:ver thereof.
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<br />(bj All remedi... provided ho",," a", distlOct and cumulati.. 10 any o~ber ricbl afforded by la.... orequit)',
<br />and may tw l"xercilPd concurnmuy . inde~n.ntty or suecft&iMly.
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<br />!(') 1'ht- o:'"O\"t'!l..anU and !lg..~m~n(~ (,"(""lf1tamfli tU~fPm !;P..L~ bind. !....Ild the rigbts llUlre: tu~ the respediw-
<br />su~~W)n and &at.gns of th~ Mortgaeor and the M~_
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<br />td) All ("ovPllanls and .......t>ffit>nu of the MortcalOlare JOint and xenrraL
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<br />(. J The headinas of tb.. p_ph5 of this Mort.... ate tor COII'aoto:_ on.!y allllshallnolbo> ~'lO~.'c
<br />pn;t of dtffine- the prtWWUtU he:N-ol~
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<br />13, R_, Up,;", pay_'" <>1 all .urm _ur.a by tI... MortpllO, M<>ncapo 5baU di~ tbia. M~;lIIld
<br />shall f"xecuw and drlivrr-a uUsfadYl"y l'f"~ u:u:lt"fuc.
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<br />IN WI'Nt.:s8 WliERlCOl'. Monracor bos .",""ute<! !h.. M~ on the 1.~~{.daY of ~_~.~___, 19~.
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