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?. Condemnation. in the event the Property, or any part thereof, shall be taken 6y eminent domain the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not Taken, and Mortgagee shah agpty such compensation, at its option, either to a reduction of trite indebtedness secured
<br />hereby nr to repair sod restore the property so damaged.
<br />S. Performance by Mortgagee. Mortgagee may, but shad have no obligation, to do any act which the Mortgagor
<br />has agreed but: fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />a~,es^s to r~Yay; upon demand, any sums so expended by the'.blodgab_e foe +~:e above r~rposes, and any sums so expended
<br />by -the Mortgagee shgil be added to t:re indebtedness secured hereby and become subject to the lien hereof- 'elottgagee
<br />shah not incur any personal liability because of anything it may do or omit to do hereunder-
<br />fi. Slrafault; Assignment of Rents. Tsme is of the essence hereof, and upon Mortgagor's default in any ctvenant
<br />or agreement of this Mortgage, including covenants W pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be epiitted, st its sole option and without notice, to declare al} sums secured by this Mortgage to be immediately due and
<br />payable and may commence fornclosure of this Mortgage by judicial proceeding; and, provided fuether, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and co'tect the rents, issues and profits themtrom and apply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits tieing assigned io the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />1G. Transfer of Property. if all ar any past of the Property is sold ar traruferred 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 />il. Future Advances. lJpon request o€ Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shad be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by tLis
<br />Mortgage, not including ssms advanced to protect the security of this Mortgage, exceed the original Note.
<br />i2, Miacelianeous Provisions.
<br />{a) Any forebeatance in exercising any tight or remedy shalt not be a waiver thereof.
<br />{b) All remedies provided herein are distinct and cumulative Lo any other right afforded- by law or oquity,
<br />and may be exercised concurrently, independently or successively.
<br />{c) Tile covenants and agreements contained herein shall bind, and the rights inure to, the respectjve
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) Ail covenants and agreements of the Mortgagor are joint and several.
<br />{e) 'Itle headings of the paragraphs of this Mortgage are for wnvenience only aedshall not he used to t^Far-
<br />pret or de~)ne the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Aiortgage, lv?ortgagee shall discharge this Mortgage srld
<br />shall execute and dehvet a satisfactory- release therefor.
<br />li~l WiTIVFSS WHEREOF, Mortgagor has executed this Mortgage on the 28~day of ~r `13 ~$
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<br />Stale of Heb.-asks, li~'.T, Couniy ss:
<br />On this 28Th day of ~' 19 ~8 ,before me, the undnrstgned, a ?Votary Public
<br />duly commissioned and qualified far said county, personalty came Daxick Bas`rrhdrt alxl &'l~`bara Aral
<br />B`~~~' Fitasb`.nd and ktife , Ea me known to be the
<br />i~nt9cai person{s) whose name{s} am subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be Yi1S ~`' voluntary act and deed.
<br />Witness my . d~d uotarlal sea! at ~~ ~S~'~ in said cauntY, the
<br />date aforesaid. -".weg/r.~~
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