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<br />7. Condemnation. In the event the Property, oe any part thereof, shall be taken by 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 shalt apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />$. Performance by Mortgagee. Mortgagee may, but shall 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 />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and 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 />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare ail sums secured Ly Ghis Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiaer appointed by a court, map at its option and without regard to the adequacy of the
<br />security, eater upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cost of collection and operation of the Propert}° and then upon the indebtedness secured by this Mortgagee;
<br />said rents, tssues and profits being assigned to the Mcrtgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. `liansfer of Property. >•f all or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may si its sole option, declare all sums secured by this Mortgage to be immediately due
<br />sad payable.
<br />11. Futitre Advances. Upon request cf Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest tltereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />slating that said notes are secumd hereby. At no time shall the principal amount of the indebtedness secured by this
<br />..r sw~, u., v..m.i flw nn ..a1 Nnts
<br />lYtO[tgJlee, rwt inauv'ing~~ aaran~xd tv pn.i c w.c accu t~ ,......~ ...,,:.g=s, ......_ ~_ _ e. ..~.
<br />i2. Misedlaxleous Prosiswns
<br />(a} Any forebearance in exercising any right or remedy she l not be a waiver thereof.
<br />(b} All remedies proveded herein are distinct an3 cumulative to any other tight afforded by law or equity,
<br />and may be exercised concurrently, independently or succesuively.
<br />(c} 'cite covenants and agreements contained herein shall hind, and the tights inure to, the respective
<br />successors and assigm of the Mortgagor and the Mortgagee.
<br />(d} AU covenants and agreements of the Mortgagor are joint and several.
<br />{e} 'Isle beadints of the paragraphs of this Mortgage are for convenience only and shat! not Oe used to inter-
<br />pret or define the provisions hereof.
<br />i3 13ekame. Upon payrtieat of ~ sums seruvd by this Mortgage, Mortgagee shall discharge this MortgRee aad
<br />daall execute awl deliver a satisfactory idease there[or_
<br />IN Wtl'A1FSS Wi3fiREQF, Mnrt~gor :+as esecased this Mortgage on the I6th day of ._.~_, 19 ~.
<br />y~ ~. i ~i
<br />xr, r,P so ,~
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<br />Ball ~ Patricia 1rfBorxov<r
<br />Sett yf 1' H~tZZ, County s:
<br />Oa this 16117 day of ~ 19_Z_, before me, the undersigned, a Notary Public
<br />dely eemaed and q~lifted for said county, personalty came ~nald E. 7>:?1'zY and Nadine Tez'ry r I~IS-
<br />barri and Wife, and BiII L. EQ17PSt atld Patricia Fbpert. 13uSbarYi a ~Wme mown to be the
<br />ideattical persm(s} whose nameis} are subscribed to the fteregeing instrument and acknowledged the execution [.hereof
<br />to ne }~1pi r votur.:a.~• act and deed_
<br />Wtla~s my mad and natarid seal at ~~ Islattd in said county, ttte
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