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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by emment domain, the Mortgagee
<br />is empowered to eollect and l'IlCciveall compensation which may be paid for any property taken or for damages to property
<br />not taken, :od~Mori..g-"Ilri .h..H APPly .::~ ccmp"'n...tion. at its option, either to a reductlon.of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />
<br />8. Pe!fO!'!!L-ARee by M~aee.. Mo~aee may, but shaH ha\f~ no nbUgation, t.o do any act which the Mortg~or
<br />has~ b!,!t fllil$ to di), lIIldMortgagee may also do :my !Oct it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay., upon demand, any sums so expended hy the- Mortgagoo for the above purpc.;es, :md any sums so expended
<br />by the . MOrtgagee . shall be added to. the indebtedness. secured hereby and become subject to the lien. hereof.. Mortgagee
<br />~l notillCUrany personalliallility because of anything it may door omit to do hereunder.
<br />
<br />g~ Default; .a.~!!!e!'!t of Rep:ts. Time is of the- essence -hereof, and upon Mu~s 4efault in any covenant
<br />OEagreement of t.hi$ M~, ineludmg ~Yena..fJ:tg to pay 'YI'"hen dt.~ the-sum& secu...l'ed by this Mortgage, the Mortgagee"shal:
<br />ba-- tmti~, at its scle option and w:!tbcut -r~tice, to decl.e...~-'a!! $!l.~ seCT~~ ~y _ this: Mort~A~A to ~ jmm~rlii\~hr due: !l,..rm
<br />
<br />payable and may commence foreclosure of tbis Mortgage by judicial proceedings; and, provided further, that UpoT.Sll'clt
<br />dei8tilt-the-:Mu~t or.a reee!ver appointed by a court, may at its-option and without regard to ihe-adequacy 01 me
<br />security, enter upon and take possession of tbe Property and 1;0Uect the rell'..s, issues and profits therefrom and apply them
<br />fiat to the C06t of collection and operation of the Property and then upan the indebtedness secured by this Mort:ge.,_;
<br />salt! rent&, i>!slle;; and profits being _It;ned to th..Mortgagee as further security for the payment of the indebtedness
<br />secured hemby,
<br />
<br />10, Transfer of Property. If all or any part of the Property is sold or transferred without the express written con.
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums,secured by this Mortgage to be immediately due
<br />and payable,
<br />
<br />11. Futtk~ Advanc=. Upon- request of M-Ortgagor~ Mi- ~~~f! ~y make additi'onal.-and-future adVJ,Dces,--to
<br />Mortgagor, Such advances, with interest thereon, ~hal! b~ _\1<"" ';1 "his Mortga,g>' "'-'hen evidencedbypromlssoiy notes
<br />stating that said notes are secured hereby. At PO tillli! '~';" t..e prtne:"allUllount of theindebtednelis seeure(tIiY1hls~
<br />Mortgage, not including sums advanced to protect the secunty of this Mortgage, exceed the original. Note.
<br />
<br />12. Milleeilimeous i'tovisioiU.
<br />
<br />IN WITNESS WHEREOF. Mortgagor hu executed tbisMortpge on the 6th .~ day of
<br />",/ . p. ~/ 0'>,1/1 J
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<br />'(Paille a S. E lenwood) .... ~~ ~:.,'
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<br />State of NeblIlW, __ Ha LJ County 8$:'~'.;
<br />
<br />On this 6th day of November .19~, befOOl me, theunde~aNOtar)',Pu~~.,
<br />
<br />duly commissloned and qualified for said county, pen;onally came Timothy J. E 11 e.nwQQd; and .. ... .~..'; ~
<br />
<br />Pamela S. Ellenwood, Hus.band and Wife .toll)ekno.\lmtolllt;~;il1'-
<br />identical peIllOll(s} whose name(s) are subsclibed to the foreCOiJlg inatrunlllllt andacknowledled the _tloa~t;I'~
<br />
<br />to be the ir volunt.uy aetand deed,
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<br />(a) Any forebearance in exercising any right or remedy shali not be a waiver tlH>reof,
<br />
<br />Ib} All remedies provided herein all> distinct and cumulative to any otbenight affon:\ed by law or.equity,:;
<br />and may be exercised concurrently, independently or successively,
<br />
<br />(c) The covenants and agreements contained berein silllll him:!, and tbe rights inure to, ,the~Ye
<br />successors and assigns of tbe Mortgagor and the Mortgagee. ~
<br />
<br />(d) All oovenants and agreements of the Mortgagor are joint and several.
<br />
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<br />Witness my band and notariliiseal at
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<br />My Commission expi..,., 1HIIlEISA"'~
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