|
<br />7. Condemnation. In the event the Property, or any part thereof, shall be Caken by eminent domain,the Mortgagee
<br />is empowered to collect and receive alt compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall 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 />8. 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 hereot. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, end 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 pesonai tiabrlity because of anything it may door omit to do hereunder.
<br />9. Prfault; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any rnvenant
<br />oragreement of this Mortgage, induding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shalt
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may cotnm.enee foreclosure of this Mortgage by judiciae proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may a£ its option end without regard to the adequacy of the
<br />security, enter open and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />fret 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 being assigned to the Mortgagee as further security for Lhe payment of the indebtedness
<br />_ secured 'Hereby.
<br />10. Transfer of Property. If ail or any part of the Property is sold or transferred without the express vrritten 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 />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shalt be secured by this Mortgage when evidenced by promissory notes
<br />5tatiHg that said notes ate secured hereby. At no time shalt the principal amount of the indebtedness secured by this
<br />Mortgage, Hot induding sums advanced to protect the security of this Mortgage, exceed the anginal Note.
<br />12. ~r~reous Prevismns.
<br />(a) Any focobearaace in exercising any right or remedy shall not be a waiv'et Chereaf.
<br />{b) All comedies provided herein are-distinct and cumulative to any ether right afforded lxy taw or equity,
<br />and may be exerused roncurrenity, independently or successively.
<br />(c) The covenants and agreement contained herein shall bind, and the rights inure to, the respective
<br />Snecesso*s and assigns of the Mortgagor and the Mortgagee.
<br />{d) All covenants and agreements of the Mortgagor are joint and several.
<br />{e) The headings of the paragraphs of this Mortgage are for convenience only and shat[ not be used to inter-
<br />pret or define the proasions hereot_
<br />13. ftek>tr. Upon payment of alt sums secured by this Mortgage. Mortgagee shalt discharge this Mortgage and
<br />shaFl execute and deiivrt a satisfactory release therefor. 6
<br />IIQ WI'I°dFSS WHEIIEQF, Mortgagor has executed this Mortgage on the 27 tray of June , lg t9.
<br />rI5 Cd , taow nown ~ as ri s Jao ~ ode ~~
<br />_ ~_ _..~ _ / i_- rr. -a._/
<br />r ~:.~~"' .~-
<br />gene E. Dat~oude ae~n~er
<br />Stair of i3elusSlra. HALL Counn ss:
<br />On this 27th day of June ___, I9 Jam, before me, the under:Sgned, a IQotar} Public
<br />duty comesissioned and gnalified for said county, personally came Dpri s J. t4etea?f, now knowfi as Doris .J.
<br />i3aMoude and [efte E. Daf+bude Wife and Husband , to rtre knawn to be the
<br />identical person(s) whose nameis) are subscribed to the foregoing instrument and ackaawledged ttfe execution thrreof
<br />to be her and lit S coimaxarq ~ t and deed.
<br />Witness my head and no4srial seal at brand Is?and in said county, the
<br />date aforesaid . -
<br />
<br /> -'~ _-_ ho[vw' Puplir
<br />~~~~
<br />•
<br />-
<br />_~ -- ~} ~~ ~ rJ~
<br /> {epa[< aHou~'rhx Liar Re,r -eQ Fcr Lsn3u' and 8ecorder)
<br />i ~ ~ ~
<br />/~'S ~
<br />
<br />
<br />'~ h ~
<br />~ p*
<br />~~.T
<br />y
<br />~
<br />1L' Y
<br />•~ -
<br />- .,j _ ~
<br />ti ~ 4 ~,r ~ ~. 1
<br />-. _. iii
<br />t 1s:
<br />!1 'G ~
<br />
<br />rrs
<br />~ ~~~ ® m ~ Z'~~ ~
<br />t c ~ £ f ts_ C
<br />-p T
<br />u z l a ~-
<br />a ', ~
<br />B
<br />~
<br />~ rrnc rocs txn ~r= ~
<br />~ ~``~
<br />~`
<br />i :1
<br />ur v r-
<br />
|