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<br />7. Condemnation. -n the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered ta collect and receive all 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 hereof. Mortgagor
<br />agrees io repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shalt be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shad 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 />oragteement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be enfiUed, at is sole option and without notice, to declare all suns secured 6y this Mortgage to be immeaiately due and
<br />payable and may commeace foreclosure of this Mortgage by judicial proceedings; and, provided further, 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 collect the rents, issues and profits therefrom and apply them
<br />first ta the rnet of mllectien and operation of the PmperGy and then upon the indebtedness secured by this Mortgagee;
<br />' said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If elk or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare alt sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Foture Advances Upon inquest of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shall 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 this
<br />Mortgage, aot induding sums adranced to protect the security of this Mortgage, exceed the nrigtnal Note.
<br />12. A'fi4cellaneons Provision.
<br />(a) Any farebeatance in exereisiag any right or comedy snail not be a waiver thereof.
<br />(b) All remedies provided heroin atedistinct and cumulative to any other right afforded by law or equity,
<br />and may be exercis>d ~roncurrently, independently or successiseiy.
<br />(c} The covenants and agreements contained heroin shall bind, and the rights inure ta, the respective
<br />succes~on; and assigns of the Mortgagor and the Mo~tgagee-
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The Iteadings of the patagtaghs of this Mortgage are for convenienm only and shall not be used to ihter-
<br />pmt or define the provisiotss hereof.
<br />23. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />sSaii execute and deliver a satisfactan• relesse therefor.
<br />ifs WI1°+T$SS WHEREOF, Mortgagor has executed this Mort~ge on the 27t~ay of June -,19 ~9
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<br />QK t! wrrolYlr
<br />-1 r15 ,r (~ ~ rrnrrO~aei
<br />g~ of ~_~, HkLL _Cormty ss:
<br />Oa th's 2~L~ day of Jtlne i9 79 ,before me, thr undersigned, a lvotary Public
<br />drily ro:nmiscaanrd and quaitfted fw said eountr, personally came Gene E. DaMoude and Doris J.
<br />DaMaude Husband and Wife co me known to be the
<br />ideotioi peaon(s} whose namets) err subscribed to the foregoing instnrment and acknowledged the execufion thereof
<br />to be his dnd her voluntary act and deed.
<br />Wits lay load and notacisl seas at brand Island in said county, the
<br />date aforesaid -
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