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?. Condemnation. In theeve,ntthe Property, orany pssrtthereut', shall be taken by eminent domain,ttae 'Mortgagee
<br />is empowered tacollect and receive ail compensati,un which malr be paid for any prr,Iwerky taken or fapr damages to Irrupt•nry
<br />not taken,. and Mortgagee sfnaiii apply such cr5ntpeaxsation, at its aptari, either to a. reduction of the indebtedness secured
<br />hereby or to repair and rr,•store; the prceaperty ao damaged.
<br />S. Performance by Mortgagee.. Aortgagee 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 prefect 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 personas liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rests. 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 all sums secured by this 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 receiver appointed by a court, may at its option ar_d 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 to the cost of collection and operation of the Property and then upon the indebtedness se:.ured by this Mortgagee;
<br />said tents, 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 all 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 all sums secured by this Mortgage to be immediately due
<br />sad payable.
<br />11. Future Advances. Upon request 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, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by taw of equity,
<br />and may be exercised roncurrently, independently or successively. ',
<br />(c) Tire covenants and agreements contained herein shall bind, and' the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(dp A!1 covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Afortgage are for convenience only and shall not be used to infxt-
<br />pret or define the provisions hereof.
<br />13. Release. l7pon payment of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNisSS WHEREOF. Mnttaraenr has exeeuird this Mnrt~g~~, 4~fAv of ~t~2't 1~ 79,
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<br />aunty ss:
<br />On this 24th .,__ day of ~)~tHa}~~" __, 19~_, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came _ JOhl't E. C1irtCh dtyd Bdx'bard J.
<br />-~S~tc ~)G~~ s30C~_t"1i fa _ to me known to fie the
<br />idanNcai person(s) whnse names) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be _xll@ stxl hn'r ..__-. volum,arv act and deed.
<br />Witness my i;and and notarial seal a[ ~~ I31dDd _.___~~;,,_.~.. said county, the
<br />date aforesaid. 7 ~f
<br />My Gornmission a ~` l~'~+~rQ '''''~'``''~1 ~ r ~~
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