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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive ail compensation which may be paid for any property taken or for damages to property
<br />not kaken, and Mortgagee shah apply such rnmpensa#on, at its op#on, either to a reduction of the indebtedness secured
<br />hereby or to repair aad restore the property so damaged.
<br />8. Performance by Mortgagee. Mortgsgee 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 Tien hereof, bortgagor
<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 became subject to the lien hereof. Mortgagee
<br />shag not inenr any personal liability because of anything it may do or omit to do hereunder.
<br />9. Wit; Assignment of Item ?ime is of the essence hereaf, and upon Mortgagor's default in any covenant
<br />oc agreement of this Mortgage, including covenants to pay when due the sums secured by this Moztgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgago to be immediately due and
<br />payable and may rommence foreclosure of this Mortgage by judicial proceedings; and, proxdded further, War upon such
<br />default We Mortgagee, or a receiver appointed by a court, may at its option and without regard to We adequacy of the
<br />security, ea#er upon and take possezsian of We Property and collect the rents, issues and profits therehnm and apply them
<br />Sat W the cost of collection and operation of the Property and Wen upon We indebtedness secured 6y Wis Mortgagee;
<br />said teats, issues and profits being assigned to We Mortgagee as further security for We payment of We indebtedness
<br />seemed hereby.
<br />18. 'lYanata of Properip. If sell or any part of the Property is sold or transferred without We express written can-
<br />seat of the MortZagee, Mortgagee may at its sole op#on, declare ail sums secured by this Mortgage Co be immediately due
<br />and payable.
<br />iI. Fltpue Advances. L'pon request of Mortgagor, Mortgagee may make additional and future advaoces to
<br />. Such advances, rviW iaterest Wereon, shall be secured by this Mort~ge when evidenced by promissory Hates
<br />siatinS that said notes are smtred hereby. At na rime shalt the principal amount of We indebtedness secured by this
<br />, nni including sums advanced to protect We security of W is Mortgage, exceed the ' rsgrnal Note.
<br />12 ~ Ptovmortt
<br />(a) .4ny forebearaace in exercising arty right or remedy shat! not be a waiver Wereof.
<br />{b) M! remedres provided berets are dis#nct sad eumula#ve io any other right afforded by law or equity,
<br />and may he exercised coacnrnentty, independently or successively.
<br />(c) 7'ae carerunts sad agreements coataioed herein shah bind, asd the rights inure to, the sespee#ve
<br />sntx~ots and of the Mortgagor and the MoKgagee-
<br />(d) Al! covenants sad a~eexeenis of the Mortgagar are joint rnd several.
<br />(ej 1Se of the paragraphs of this IMortgage are for a,nvenience only and shall not be used to inter-
<br />paM or rkfi~ thr~roviaaos Lareof_ '
<br />73 $tkaae. 1Jpon pgymeat of all su>AC secured by Wis Mortgage. Mortgagee shall discharge this Mortgage and
<br />erttxr~ asd ddia+r a saY+sfaetery ref~e thrrefor.
<br />IIi I.9i'R3ffifi 9fiffiREOF, ~ 5u ezceated this Mortgage on the _.~ day of _ Jam. ,19 ~ .
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<br />ati 17e F. z.t?it~rc ~,~•
<br />state ac ~~ L eannn a:
<br />Oa rtes day of
<br />19~, before me, the undersigned, a Notary Public
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