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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 myeet and receive all compensation which may be paid for any property taken or for damages to groperty
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />6erebg or to repair aad restore the property so damaged.
<br />$. )?erformance by Mortgagee. Mortgagee may, but shall have nu obligation, to do any act which the Mortgagor
<br />has agreed Ent fails to do, and Mortgagee may also do any act it deetas necessary to protect 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 shalt be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shhay not incur any personal liability because of anything it may da or omit to do hereunder.
<br />9. Default; Assignment of Rents. 'l5me is of the essence hereof, and upon Mortgagor's default in any c9renant
<br />oragraementofthisMortgage, gtduding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />he entitled, at its sole option and without notice, to declare alt sums secured by this Mortgage to be immediately due and
<br />paysirle sad may commetrce foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, map at its option and without regard to the adequacy of the
<br />s~.nity, enter uP~ and take possession of the Properky and coyest the rents, issues and profits therefrom and apply them
<br />first-to the cost of coyecdon and aperation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and proftts Ding assigned to the Mortgagee ss further security for the payment of the indebtedness
<br />secured herebg.
<br />IQ. 1`~er d 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 sale option. declare all sums secured by this Mortgage to be immediately due
<br />rout payable.
<br />11. lilrtnre Advtatees. Upon request of Mortgagor, Mortgagee tray make additional and future advances to
<br />• Streit ulvan~, srith interest therean, shat) 6e secured by this Mortgage when evidenced 6y promissory notes
<br />s#atinF fiat said notes arse severed hereby. Ai tto time snail the principal amount of the indebtedness secured 6y this
<br />Mo!, not9ncluding sums adaartced to protect the security of this Mortgage, escred the original Note.
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<br />fa) Any fombauance in exerrising:zty right or remedy shall not be a waiver thereof.
<br />~) Ay xmediea provided herein are distinct and cumulative to any outer right aKorded by taw oc equity,
<br />and allay be azert9sed aoncurmnttp, Iadepettdentiy of sua~es9velp.
<br />{c) 4Le tovenaats and ag[eemeats crmtained herein shall bifld, and the rights inure to, the iespective
<br />sty at"id a of the ;ISottgagor and the ~.
<br />(d; All eoveaants ~d a~eeements of the Mortgage are joint and several.
<br />ie) 'fig hsa~ of the paragraphs of this Mortgfge are for convenience Daly and shay not be ased to inter-
<br />gaxst or delir the provisions betroi
<br />]i Beieaae. Uprart paS~ent of ay scats sewtred 6y this Mortgage, 7dortyasce shag dts<harge this Mortg~t and
<br />~ aad a stdiai'«gorp aeiessa t%refor_
<br />Bd W F, ~ has executed this Mortgage oa the 9#tt day of Jant~~ ,19 SQ .
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<br />~e at Fat 3 iaanty as:
<br />t9a r~ 9tls day of `~.____, 19 ~ before trte, the ttredrrsigned, :Notary Arhtk
<br />tlis~ neataed ~ #or jsid toanty, praaonaW came _Aila3n R Aryiarce^e, and Al ar» }~
<br />1d `~-~~ , w me kaorvn to be the
<br />d P'b? vds~e atttae(aj are subseuitbed to the foregoing insirutnent and aeknotokd`ed the execution thereof
<br />~ !e z f1~Y' coitrei~c art and dead
<br /> flfat~ m9 3usttd agait aietar+ao- stet at *L'kc7tlld Is3.drtd in said county
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