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". Condemnation, dtt ttre event the ikoperty, ar any part thereof, shall be taken;by eminent domain; the Mortgagee
<br />is emp~awenrd to cof9ect andreceive all compensation which relay 6e paid for any property taken or for damages io property
<br />- nM t:nken, and iortgagee s'ha}t apply such compensation, at its opt:on, ei[har toa reduction of the indebtedness secnicd
<br />~_ ~ berets or to repair and restore the property so damaged,
<br />8. Performance by Ptortya~ee.:Aortgagee may, tut shalt have no obligation, to do any set whtc'v the blorigagor
<br />has agreed but faits to do, and bfot[gagee mac also do any act it deems necessary- to protect the lien hereof. Siorrgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />he the Mortgagee shall be added to the indebtedness secured hereby and become subject tv the Lien hereof, Mortgagee
<br />shMi not incur any t1e1504ta1 t@abitih~ because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment nt Rentx, lime is of the essence hereof, and upon Mortgagee's default fir. any covenant
<br />oragreemenf of this Mortgage, u~cludtng cove• -s to pay when due the sums secured be this Mortgage, the bioetgagee shall
<br />be entitled, ar its sotr option and µithout no4ce, tv declare all sums secured by this ~iort.gage.to be immediately due xnd
<br />payable and ma}' commence forec'osum of this !Mortgage by judirsal } eedings; and, provided furtfier, that upon such
<br />default the :Mortgagee, yr a .receiver appointed by a court, mayat its option turd without mgard to the adequary of the
<br />secur,'ty, entef open xod :'-ake pirssession of the Property And collect the rents, issues and profits therefrom and apply them
<br />fist 1'.v therm of cotiec!icmand operation of the YroperCy and then upon the indebtedriesa secured by this Mortgagee;
<br />sod-rents, issues andprofits being assi~led to the iortgagee as further secuniy for tl~e payment of the indebtedness
<br />secured hrn~tiv-.
<br />10. 'I~ansfer oC Property, tf sit or anp part of the Property Ls sold or taans[erred wiUout the express written con-
<br />sent of the Vfvtt.gagee: Stort{tagee rtuv at its sole aptivn, declare a;t sums secured by this Mortgage to be immediately due
<br />end pryat>re.
<br />12. Futurn Advances.. upon cequest of Siortgagor, 1ortgagee may make additional and future advances to
<br />Martgaavr. Such advances, with interest themon, shall be secured by this Mortgage when evRdenced by promissory notes '.
<br />stating that saidnvtrs arse securr~ hereby. At no limo sha!i the principal amount of the indebtedness secured by this
<br />Slorttage, not (neludi.ng rums advanced to protect the st~c:urity of this Mortgage, exceed Lbe original Note.
<br />12. Miacdlaneous Proviciona.
<br />(a) Anp forebrannm in exercising an}• rigfit or rrmedv stall not be a weever thereof.
<br />fib) Alt rrmedin provided heain are distinct and cumulative :o any other [fight afforded by law or equity,
<br />and ~}, be exercised roncurrently, independently orsuc~~ssively,
<br />(,c} "the covenantx and ny~Nmevts con4tned herein shat! bind, and the rights inure to, the respective
<br />successors and suigns of the Mortgagee and the 3tvrtgagee.
<br />(dj Ail carrnants and agreemrnts.nf the itlorlgaaror are joint and serenl.
<br />(ej 'ILe findings-oLtAe pargraphs c~P this;llort~e are. doe conveakner only end shall not be used to inter-
<br />pret ordeGne the provisions he-~:.
<br />13. Rdtasa. Upon paymeui of all sums ~iecured by ch'v; >for4e- ~>, Mortgagee shill dischrtge this Mortgfge and '.
<br />shall execute and de4ver a sauefactnev release Therefor.
<br />(Y WPI'NESS WFIERE08, Mort~or has executed this Mort{a~• on the ZLh day ~~ _._ Jul X _, 7.9 $L_.
<br />__.~ rd L. , 7~~t9- ~_po~ eo.r~~rr~
<br />ltiharor~ L. Alderson] norr~wr=
<br />Starr of Nettrrlu, .__~ Hal 1 _.._._-._-------County ss:
<br />- Qn t}r~_'th day of__ ,ful ~ __r, 19.`L? , before me„the undersigned, a Notary Public
<br />duiycwnmiuimedendquslitledforsaidevunty.perxonallycamr_~R'r~arri 1 ajr+~rtr•~,_:::u~si~i>~.rl~~n ~ _
<br />_.ald~rson _--- - --- - _-_-, to me known to he the
<br />identical persoa(s; where name(s) are subscribed to the foregang instrument sad acknowledged the execution they?vf
<br />' W be __ - vvtuntary act and deed.
<br />....~~ ~ notaria: seal at ~ Grand Isias~d " ~jj;------ in said county, ttse
<br />-date or ~---
<br />1gTAAY ~
<br />My ~'_ ~
<br />~ ~~ --_---~ - -- - - *:.,are ~ utL'c
<br />..'~' ^'~•-~. -_ iSPace Sc3vw ?mix Ltnr Rexrrved.Fo~ Leda:~= avd H order; - _- -.-__ -,--
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