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7. Coaden~natioa. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered Lo collect and receive s!I compensat'son which may be paid for any property taken or for damages to property
<br />nat taken, and Mortgages shah apptg such rnmpensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property ro damaged.
<br />R. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but tails to do, and Mortgagee may also do any acE it deems necessary to protect the lien hereof. Mortgagor
<br />areas 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 6e added to the indebtedness secured hereby and become subject to the Tien hereof. Mortgagee
<br />shall not incur any personal }lability because otanything't may do or omit to do hereunder.
<br />9. Default; A~gnment of Rents. -Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragrnt of Nis Mortgage, i~ludmg eavenants to pay vrlren due-tae sums secured by Nis Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to dedare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence fotedosare of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, of a receiver appoin'..ed by a rnurt, may at its option and without regard to Lire adequacy of the
<br />sectuitp; enter upon and take possession of floe Property and collect the rents, issues and profits Nerefrom and apply them
<br />~' ho floe cost of caliectian and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said-rents, issues and profrts being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />19. 1~OSt~ of Prup~ty. If all or any part of the Property is sold or transferred wiUrou6 Ne expre~ written con-
<br />sent of the Moztgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />1L Eup~ Adsanc~ Lyon request of Mortgagor, Mortgagee ~ make additional and future advances to
<br />. ;~ advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />that said-notes are seettred hereby. At na time shalt Ne principal amount of the indebtedness secured by this
<br />not indrt~ng sums advanced to protect the security of ibis Martfage, ezeeed the original Note.
<br />- - ia°• Txvv"
<br />{a) Any torebearanee in exercising sng right or remedy shat! not be n waiver tlter+eot.
<br />(hj Alt remedies psvided herein are distinct cad cumulative to any other right afforded I r law yr equity,
<br />aed mt~y be eae ..~.: ;bncarsently, independently or suocessivelq_
<br />{ej Rlte covenants aid agreements contained bereio shall hind, and Ne rights inure to, the respective
<br />sacceasars a~ assigns of iii Mortgagor and the Mortgagee_
<br />{d) A6 a~ aygraemeats of the Mortgagor are joint and several.
<br />{e) the ifzadings of the para.s of ibis Mortgage are for convenie~e only and shall not be used to inter
<br />pact rar define LRe provisio>a hemof.
<br />1S. Reienr, IIpm g4ymeni art a!1 sums secwed tag Nis Morr{agr, shall discharge Nis Mortgage and
<br />aiaE eze~ae smd dew a swap rdesae therefor.
<br />1N Wf'!1R$~ Wf1ES1tirQF, llor~ar b~ esacuted this hiort~e on Ne_2~ day of ^~y,~_, Z9 ~ .
<br />`fr' t ;
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<br />~ ~ D.. ieibe~ amro.rr
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<br />Mt lle R. I~ibert ~~
<br />~ d lial7 Lbunry bs_
<br />tla ties 15t:3i day of .TSIrt38TF 130 _. before me, the uodeisigaed, a Notary Public
<br />deli awed cad for said county, persnaaliy came ~eY.~ ~;'~~ and Iiich~lle R
<br />~~~ , to me known to be Ne
<br />ideaaair~l pttsaajs) :hose soma(s) are antac®laed ro the foregoing insirittaeat and acknowledged Ne ezeeution Hereof
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