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82- i-U1;.137 4_ in the event the Property, or any Hart thereof, shall be taken by eminent' domain, the Mortgagee is empowered to colleet and receive aTl compensation which may be paid for any property taken or fcr damaoes to property not taken.; and Mortgagee. shall apply such compensation, at its option, either to a reduction of the indebtedness secured heresy er to repair and restore the property so damaged. 5. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the Tien hereof. h',ortgagar anrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums ~o expended by the Mortgagee shall be added to the indebtedness secured h~rehy~ and. become subject to the lien hereof. tortgagee shall not incur. any personal liability because of anything it may do or omit to do hereunder. 6. Time is the essence Hereof, and -upon Mortgagor's c3e#`ault in any covenant or agreement or this Mortgage, including covenants to pay when due the sums secured by this 'M1ortgage, the Mortgagee shall be entitled, at its sole option and without notio., to declare all sums. secured by this Mortgage to be immediate~,y due and payable and may Lommenee'ftireclosure of this Mortgage by judicial proceedings; and, provided further, that updn such default the Mortgagee, or a receiver appointed by a court, may at its option am without regard to the adequacy of the security, enter upon and take :3ossession of the Property and collect the rents issues and profits therefrnm and apply trten~'firsL to the cdst of colTeetion znd operation of the Property and then upon the indebtedness-secured by this Mortgage; said rents, issues and profits being assigned to the Mortgagee as further security for tl?e payment of the indebtedness secured hereby. ~_ !f all or any part of the property is sold or transferred without'the express written consent of the Mortgagee, Mortgagor may at its sole option, declare all sums .secured by:this Mortgage-to be immediately due and payable. 13. Any forebearance in exercising any right or remedy shall not be a waiver thereof. 9. All remedies provided herein are distinct and cumulative to any other right afforded by law or equity, and may ise exercised concurrently, independently or success,vely. 10. The covenants and agreements contained herein shall bind, and. all rights inure to, the respective successors and assigns rf the ifortgagor and the Mortgagee. !l. Ali covenants dnd agreements of the Mortgagor and the Mortgagee are joint and sLverad. 12. upon payment oi:-all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and sha71 execute and deliver a satisfactory release therefor, Ira wITNE~S 6iHEREflF, Mortgagor has executed this Mortgage on the day cf _ tlirrh 1982. xX~fQ>dld; _....__._ yi~me _ n STATE GF '3EBPAi:r;A, ~~~_._~~ County 55: ~h tnis ""~ day oi` March, I982 Y;!)~16, before me, ,the undersigned, a Notary Pub?ic duly ~~~--isiisaned and qualifit~d for said county, personally came 114o`1_~L. Nulme and Kay V. f?uland, husband and wife to roe knovm to be the identical persons Nhose names are subscribed to ire foregoing instrument anal acknowledged the execution thereof tc be their voluntary apt and deed. ~~ r-'~ ~~-w~..~wr.+• ~w~~~~e~ ~~ ~, otary Pub ~C ~/