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<br />7, Condemnation, In the event the Property, or any par~ thereoI, shall he taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may he paid ror any property taken or for damages to property
<br />not taken, and Mortgagee shaH apply such eompensation, at its option. either to a reduction of the ~''".P' ,tedness secured
<br />hereby or to repair and restore the property so damaged.
<br />
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<br />8, Performance by Mortgagee, Mortgagee may. but ,hall have no obligation, to do any act which the Mortga~or
<br />has agreed but fails to do, and Mortgagee may also do any ac~ it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums 50 expended by the Mortgagee for the above purp"",,s, and any sums 50 expended
<br />by the Mortgagee shall he added to the indehtedness secured hereby and hecome subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability because 01 anything it may do or omit to do hereunder,
<br />
<br />9. Def-:u!t; Assi""an..l'!1ent of Ren~ Tim!?' is of th~ ~~nc{t tt~rnQfl and upon Mortgagor's-default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured hy this Mortg~, the Mortgagee shall
<br />he entitled, at ils sole option and without noUce, to declare all sums secured by thiB Mortgage.tohe immediately due and
<br />payahle and may commen"" roreclosure of this Mortgage by judicial proceedings; and; provided fu.rther, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at lis opUon and without. regard to the adequacy.ofthe
<br />security, enter upon and take possession or the Property and collec~ the rents, issues and profits therefrom and4PPty, them
<br />first to the cost of collection and operation or the Property and then upon the indebtedness secured hy this Mortgagee;
<br />said rent&., issues and profits being assigned to thp Mortgagee as further security for the payment _ of - tbe indebtedness.
<br />~ured hereby.
<br />
<br />10, Transfer of Property, Ir all or any part or the Property 15 sold or transferred without the express written con,
<br />sent or the Mortgagee, Mortgage<' may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />11, Future Advances. Upon request of Mortgagor, Mortgagee may make .dditioual and futurn advances to
<br />Mortgagor. Such advances, with inle\'t'St thereon, shall he secured by Ihi> Mortgage when evidenced by promissory notes
<br />stating that said noles are secured hereby. At no time ,hall the prir Jl amount of tbe indebtedness. seeurid by this
<br />Mortgage, not including sums advanCt"d to pro~ct the ":~ lrity of this Mortgage, exceed the original Note.
<br />
<br />\a) Any forebearance in f.'xercis.ing any right or n>medy shall not be a waiver thereof.
<br />
<br />(b) All remedies provlde-d h~rein are dlstinct and cumulativE' to any other right afforded by law orequityj
<br />and may be ('xerClsed concuf1'l!otiy, independently or suc-(:-essiveiy"
<br />
<br />
<br />12. Miscellaneous Provis.ions.
<br />
<br />(c) The covenants and agreE'ment..'> contained herein shall bind~ and the rights inure to, the respective
<br />sUCC(>!iSors and a'>SlJl'rtS of the Mortgagor and lhe Mortgagee.
<br />
<br />!dl AU CU'il"nants and agre-ements of th-t Mortgagor are joint and sevpral.
<br />
<br />Ie! Th. heading; of the paragraphJ; of this Mortgage are ror convenience only and shan not 00 used to inter-
<br />pret or de-fine the provisions hNeof.
<br />
<br />13. Release. l~pon paymt"nt of aU sums. $t>('ut'Pd by thi~ Mortaage, Mortgagee shall disch8l'ge this Mortgage and-
<br />shaH t'xe--eute and de-hvt>f a S3tlSfl!eto;;:'y r~I('(U;t.> tnt"rt'lof.
<br />
<br />[~ WITNESS WHEREOF. ~lorr~agor has executed thi, Mortgage on the JSL... day or ._,Ill1 v ,19.ll.;L,
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<br />___.~'-._____., 19 ~., herore me, the undersigned. a Notary Public
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<br />duly l".ommis....iollt'd and qUllhfit"d for .-.aId eounty, personally eame ~__..__.Lu..:~....li~Oll..~()nn -j R
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<br />m S'^-~ II SOIL___".. ~_. ._ __. _.____u__ ",___. _____'" ~ _~, _..-_ __ _._..,,__u,_____,~__.___..~______._".__., to me known to be the
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