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<br />7. Condemnation.. In the event the Property, or any part thereof, sbaIl betaken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all rompensation which may be paid for any property taken or ford~ to property.
<br />not taken., and Mortgagfle:Slulll app/ysuch eompensatiOl4 at ill; option, either toa reduction ot the IndehtednesllliecUJed
<br />hereby or to repair and restore the property so damaged. .
<br />
<br />8. Perf_ee by Mqagee. Mortgagee may, but shall have. no obligation, to do any act which ctheM'OrtgIgor
<br />has .agreed but fails to do, and Mortgag1.le may also do any act it deems necessary to ~teetth.. IitmheNOf.h<<.~
<br />apes. to .repay, upon demand, any sums so expended by the'Mor!gag!letor the abovep~, J.adany .$'\l~ ~. .~. .
<br />by the Mortgagee sbaIl be added to the indebtedness secured hereby and becoJllesubject!P-the~ he_f; ~o~:
<br />shall not ineur a.'lj' pe!sonalliabillty ~ust' of anything it may do or omit to do hereunder, .
<br />
<br />9, Default; Assipment of Rents. Time isot the essence hereof, lIlId upon M<lrtgagondefaVltinaliy~t.
<br />or agreement of this Mortgage, including covenanll;to pay wilen due the su_1llleUIedbytlllllllortgql!ithe ~SlaU"
<br />be entitled, at its sole' option and without notice; to declare aIlums secured by this Mortgqe:to Ile lnurmdl!itelydue1llld:-"'
<br />payable and may commence foreclosure of this Mortgage by judidal pro<:eedil1Jl';and,proVide4~,thatiqloG~/-
<br />default the Mortgagee. or a """,im appointed by a court, may at its optionandwltbout regudtathe'adequaey,t.fi~',
<br />-~ty,~ftterupcn and t:kt: ~on vf't~ ~rt; ;n~~~h0nint&.:_~~_FO~ii;th~lii-a;1iit~*f~:.-
<br />flm to the cost of collection and operation of the Property and then uponthe-indebtedn$sssecu.Jedbl/_M~
<br />said rents, issues and profits being assigned to tbe Mortgagee as fl.trthel' security for the payment 1)f the in~;
<br />secured hereby, ' . . .
<br />
<br />10, 'f'Wlsfer of Property, If all or any part of the Property i. sold or transfemd wlthout.tbe-eJt~wrlttencOU"
<br />sent of the Mortgaj!ee, Mortgagee flllIY at it' sole option, deelare aUsumsseeuredby thisM01'tpge-~belmll:tediatelydue
<br />and payable,
<br />
<br />lL Future AdfllJlC& Upon request of Mortgagor. Mortgagee IllAY make additional and future advailees:,jo,
<br />Mortgagor. Such ad'1llllees. with interest l.OOreon, shall be secured by this Mortgage< when evidenced by Promissorynotesc..
<br />stating that ....d notes are secured hereby, At no time shall the. principal amount of the Indebtednlolia _NaoyJbiJ
<br />MOI'tpie, not including sums adV1Ul""d to protec~ the security of this Mortgage, exceed the original. Note.;
<br />
<br />12, ~Ianeous Provisions.
<br />
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<br />i.l Any lorebe.ranee in exereisil1ll any right or remedy sbar ,)t be a waiwr thereof.
<br />
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<br />(b) All remedies provided herein .IV distinct and en :bv" 10 any owr right afforded by law <II' equity,
<br />and may be exerdsed:OOllclI1'rently. independentiy or successively,
<br />
<br />!c) The L'(lvenanlJi and agreements contained herein shall hind. and the rights inure lo. the ~ve
<br />succt'fi8Ql'S and .....gns of th~ Mortgagor and lhe Mo!'tlage&,
<br />
<br />(dl AU covenanu and a~menJ,; of the Morlgagor are joint and several.
<br />
<br />(e I 'Jlw ll.eadingli of the paI'IIlItapbs of this Mortgap are for COIIvenience only and shall not be used to inter-
<br />lH"l or define Lhe 1,,'ovtOions hfft'of.
<br />
<br />13, ReI<!aM. Upon paym..nt o( all sums S{'o.red by this Mortgage. Mortaage<' shllil discl1llflle lhis Mortp;e and
<br />shall exeeuw and deliver a satISfactory rel_ therefor,
<br />
<br />IN WITNESS WHEREOF. MorttlllOr hu ..xecult!d this M~ on lbe~ day of _ AU\l'''' t
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<br />. 19.aL.,
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<br />State of NitbnioIt.a.
<br />
<br />___i,L:L..______
<br />
<br />._...._.County $l;:
<br />
<br />On this.__~___ day of .._,~;.~_._ ____,19<>4-, before me. the undersigned. a Notary Public
<br />duly comm....one.. and quAlified for said counly. perronally came _,~...Q~ qOfl 'i flU Sa I 1 Y H.
<br />
<br />..~......::~ck$Q!~________~_n_"_ _'.'_' _ _"~__." .'____~_~__~____._'______, to me known to be the
<br />identical penon,s) whOS<! nalUe(sl are suboclibed 10 the roreeoinc instrumenl and acknowledged the ex""ution thereof
<br />
<br />to be __ U-'-~_.._._._..._ mluntaIy acl and d""d,
<br />
<br />W'ttneD my hand and notarial ~al at ~____gr9.!-l.9_ Is 1 ant.:}, N_~
<br />date afom.aid '
<br />
<br />in said county, the
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<br />My Commission expire;:
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