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r- <br />7. Condemnation, In [he event the Property, or any part [hereof, shall be taken by eminent domain,the Mortgagee <br />is empowered to mliect and mceive all compensation wfiich may be paid for any property taken or for damages to property <br />not taken, and biortgagze shall apply such compensation, at its option, zither to a reduction of [he indebtedness secured <br />hereby or Go repair and restore the property so damaged. <br />8. Performance by Rtortgagee. !4iortgagee mat', but shall have no obligation, :o do ttny act which the Mortgagor <br />has agreed but fails to do, and Aiortgagae mac also do any act ii deems necessary' to protect the lien hernof. Mortgagor <br />agrees to repa}•, upon demand, any sums so upended b}• the Aiottgagez 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 />shall aot incur any personal liability bzcanse of anything it mac do or omit t.o do hereunder. <br />0. IIefauti; assignment of Rents. Time is of the essence hereof, and upon htortgsgor's default in any covenant <br />oragreement of this Mortgage, including rovenanG to pay when due the sums secured by this rtort.gage, the Mortgagee shalt <br />be entitled, at its sole opdon and without notice, to decfaze sli sums secured by this Mortgage to be immediately due and <br />payable and (nay commence foredosare of this diorigage by judicial proceedings; and, provided further, that upon such <br />default the Mortgagee, of a rcaYiver appointed t,y a court., may at its option and withaui regard io the adequacy of the <br />security, eater upon and take paste<ion of the Property and colleci. the rents. issues and orottts therefrom and appl}' them <br />first to the cart of catlection and operation of the Propem and they. upon [he indebtedness secured by this Mortgagee; <br />said ruts, issues and proftts being assigned to the Mortgagee as further secutih• far the payment cf the indebtedness <br />secured hereby. <br />30. Transfer of Propem•. if all oz an}- par. of the Property is sold nr trsnsferred without the exprzs written con- <br />senf of the Mortgagee, hior[gagee roar at its sole option, declare a1S sums secured ht' this ?tiartgage to be immediately due <br />snd payable. <br />11. Future advances. ['yon mquzst of Mortgagor, Mortgagee ma}' make additional and future advances to <br />bior_gagee. Such advant~s, with interest thereon. shall to secured by this \iortgage when evidenced by° promissory notes <br />s#izng that said notes are secured hereby. ai no rim= shall the principal amount of the indebtedtess secured by this <br />Mottgakr, not induding turtle advanced to protect the sa°curiry of this Mortgage, exceed ehe original Note. <br />1=. !1'scrttaaeous Prosisious <br />tai an}' forebraranee in uemivng an}~ nght or remedy shat; not be a wsiyer thereof. <br />Cb} ail remedies provided herein are drtinct and cumulative to any other right afforded by law or equity, <br />and mar be exercised _~oncurrently, independently or successively. <br />(cl The rnvznantc and agmemenu contained herein shall bind, and the tights inure to, [he respective <br />sitct~esa7rs and a.~cigns of the 3Sortgage+r and t.".z Mortgagee. <br />td) ail revenanv and agreements of the Moagagar are join and several. <br />{e} The headings of t?te paragrph_c of Lhis Mortgage are for ironvenience oaEy and shall nut be used to irtier- <br />pret or define the pnvi_cions hereof. <br />13. Release. L'pon payment of a13 sum snurett 6}' this '1lortgagz, Mortgagee shall discharge this Mortgage and <br />shdi execute and deiiyer a satisfacton~ release iherefar. <br />iAi ~TI^iESS A"HSREOF, Mortgagor has executed this \iorigage on the St~tav of .- i~''F:1~bPx , to _4 <br />3~i. '1.~. JG57'1E5_~ - - - Borruu cr <br />~C~+~rm ~, Tr~rs,,a n.^v:r._er <br />Hal <br />Jtatrz' of SVeb['a~i, - ('sit nr. :.... <br />On this 8127 .day of __~'~`!~~ -- __--' I9 _ '§_, be Fore me, the undersigned. a No#n Public <br />duiv romassssioned and quaiif>x~it far satd taunt}, perv>nalt~ rame._.~r'~l^' t4_ ~rv+>i-+c a*'.'i._Shart~n R ,7nnr c, <br />:}tvctvarvi arrT i,}ifF _____._.___.__________.__._--.________-__., to me known to ire the <br />ident~eai petstwtsl srttiraz nar,~tsp err suWrritx^d to the furrg~xng in,irumer:-: and acknawledged the ezzcurien themat <br />;o be 3'ii& ~ ~ yo3untac-• act and $eed <br />my hand and nGTSriai scei at - ~~~: =5~~- - in said count}°, the <br />of <br />:~otar, Yuvtac <br />~~ <br />_~,_ (Spree t3et~.u Thy l.v+r hear:"•~C tar Lender and 4erorde:+-- <br />Q <br />.~ <br />L <br />,r. .* ~~ <br />~ t~"f <br />_ ~ {S] <br />~ <br />3 <br />' <br />~ <br />O i~ ~ <br />~ <br />...~ <br />~ '.C <br /> <br /> <br /> <br />_ ~- <br />~ ~-^ 5 <br />iii <br />- <br />4 .~ <br />Q1 3~ <br />r`^~ <br />