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°t, g` ~s r•r' yc Property, or any part thereof,. sha31 be taken b cnairaent
<br />dorrtain, t .r "'r't,rt5~='>~ ~ ~ ernErowered to collect and receive all cainpensation a~rhich
<br />may 6e part} far any property-taken or for damages to property not taken, and Martgaclte
<br />• s#aall :pp;y such cam,aerssatipn, at its option, either to a reduction ca f" the indetrter:iness
<br />secured ht?:~et~y or to zr_pair and restore tPre property so damaged.
<br />5, t~+or*.gagee may, but'shall have no obligation, r_o do any act which tI'i2 htortgagar
<br />his ag-reed but fails to do, arriarzurtgagee may also da any act it deems: necessary to
<br />.protect the lien hereof. Mortgagor agrees to repay,. upon demand, any surns.so exgendec4
<br />3~y the Mortgagee for the above purposes, and any sums so expended by the Ftortgagee
<br />shGl1 be added to the: indebtedness secured hereby anal become subject to the lien
<br />€;ereof. t~iortgagae s3~a11 not incur any personal 1$aiaility because of anyt»ing it
<br />may do or a:nit to do hereunder.
<br />6. Ti;~ne is the essence hereof, and upon Mortgagor's default in any covenant
<br />car agreement. of this Mortgage, including covenants to gay when due the sums secured
<br />by thts,P~yrtgage, the Mortgagee sha11 be entitled, at its sole option and o-,ithout
<br />notice, to declare alY sums secured by this tloa-tgage to be irrnnediatel~ due and
<br />payable and may co~ranence foreclosure or" this startgage by ';udicial pr°oceedings;
<br />and, provided further, that upon such default tk:e ~?ortgagce, or a receiver
<br />appointed by a court, ;nay at its option aril i.ithout regard to the adequacy of the
<br />security: enter upon and take possess tor, of the Pr•agerty and collect the rents
<br />iSSUesa~nd profits therefrom and apply tt~tem first to the cast of co3lection and
<br />operation of tine Property anei then upon ti`;e indebtedness secured by this t"artgage;
<br />said runts, issues and ga~afits rasing assieaned to tht '°"ortgagee as further security
<br />for the payment of the indebtedness secured hereby.
<br />~. 1f all 3r any part of th8 grat?erty t5 Sald Or tranSierk"ed 'rllt,hoUt the exgrf'.s5
<br />ryrlLte'n consent of the h"wrtgagee, P~tartgagar ray at its sole cgtian, declar°e all suns
<br />se.:ured y Chris Mortgage to to irr~rrediately due and {sayable.
<br />8. Any forebearance in exercising any right ar remedy shat? not be a waiver tiereuf.
<br />9. ~t11 remedies provided »erein are distinct and cur*,tulative to any other right
<br />afforded by ia.r ar equity, and ;,:ay ~e exer,:ised concurrently, indegendent3y or
<br />successively..
<br />10: The. covenants and agreements contained herein shall bind, and all rights
<br />itrtrre to, the respeetive successors and assigns of the Mortgagor and the lfartgagee.
<br />11. All covenants and agree[nents of the Atortgagar and the Mortgagee are joint
<br />and several.
<br />22. upon gayr?rent of all' sums secar'ed Esy this htorr_gage, Mortgagee sha11 dischar'r7r-
<br />this Mortgage and s»a11 execute grad deliver ..• satisfactory release thcrefar.
<br />IN WITNESS IdNEREG,~, Mortgagor 'tas ?xecuted this tutor°tgage an the 25th. d".y
<br />of` ._._.~:.>1'sit?u~~.Y:X__i982.i. $J~~,~Y __
<br />??ulme aged and Suppty,_Inc ______.
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