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7, Condemnatiar In theevent the Property, crony part thereof, shah be taken by eminent domain,the Mortgagee
<br />is empowered to coheat and receive all -compensation which may he paid-fox any proneN.y taken' or tar damages #a.p~aperty
<br />not taken, and Mortgagee shall apply such compensation, ai its option, either to a reduction of the indebtedness-seeureii-
<br />hereby ox to repay and restarn the property so damaged. - - --
<br />8. Pertarraance by Mtrtgagee. fifortgagee may, but shalt have no obligation, to do any net.wttich the Mortgagor
<br />has agreed but fails to do, and ifiorigagee may also do any act it deems necessary to protect the }ten hereo.€.-Mortgagor
<br />agrees to repay, upon demand, any sums sa expended by the Mortgagee for the above purposes; and any sums so expended
<br />by the Mortgagee shalll be added to the indebtedness secured hereby and become subject-to ttia [ten-hereof. Mortgagee
<br />shall not incur any persona3 liabilit}r because of anything it may do or om3k to do--hereunder. - -
<br />9. IJefau[t; A~goment of Rents. Time b of the es~nce hereof, and upon Mortgagor's default in anycavenant
<br />or agreement of #his Mortgage, ioelading covenants efl pay when due~the sums secured by thia Mortgage; the Mortgagee ahall-
<br />be entitled, at its sole option and without notice, to declare ail sums secured.by this Mortgage W be immediately-due aitd
<br />payable and-may commence.foreclosure-of this Mortgage by judicial ptaceedings;.and;provided further; ttiatupon-suth-
<br />default the Mortgagee, or a. receiver appointed try a court, may at its option and without regard Yo "the adequacy of the
<br />security, enter upon and h_ke possession of the Property and collect the rents, issues and profits thernfrom and apply fhem
<br />fast to the-cast of collection and operation of the Property and then upon the indebtedness secureddrg this Mortgagee,
<br />said. rents, issues and profits being assigned to the Mortgagee as further security for the payment of the imleErtxdness
<br />secured hereby. - - - -
<br />Y0. Transfer of Property. if all or any part of the Property is sold or transtetxed without the express written con•
<br />sent of the Mortgagee-, Mortgagee may ai its sole option, declare sll sums secured by this Mortgage W be imrnediatety dne
<br />and payable.
<br />11. Flrtum Advances Unon repuest of Mortgagor; Mortgagee may nra4e additiaeat.and fn_ture .erwnAne rn
<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 snail the principal amount of the indebtedness-secured bythis-
<br />Morkgage, not including sums advanced to protect the security of this Mortgage, exceed the original Rote.
<br />12. i4tisceltanaous Pcovisiaas
<br />(aj Any farebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b~ All remedies provided herein are distinct and cumtdative to any other right afforded by ]sw or equity,
<br />and may t>v exercised concurrently, indep<nd€ntly or suecessive{y.
<br />(c! The covenants and agreements contained herein shall bind, and the rights inure to, the resper:tive
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) A31 covenaniil and agreements of the Mortgagor are joint and several.
<br />(ej The headings of the paragraphs of this Mortgage are Por convenience only and shalt not be used to inter-
<br />preet ax defrne lire pravulans hereof.
<br />I$. Itetease. Upon payment of ati sums secured by thrs Mortgage. Mortgagee shall discharge this Mortgage and
<br />shall exec~dta and $ehver a sattsFattary rrleasu themior.
<br />IN t5`I'I:NI=;'~z';r W3iEItECIF, itiiartgagx hss cxecuird thig`~ttrrttgage uu the _~? ~ day af._.__.'t3i -_, l?~l
<br />~ -
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<br />State of irteisrasfta, ---- ~...f~.._~~ _ _- _. County ss:
<br />t)rr this.,. ~ ~ day of __...~ "y~Lr .......______, 19,x,;,4. ,before me, the under+gnad, a !Votary Public
<br />-- ~ ~ ~..
<br />duly,eagttntissianed and qualified tar said county, personally carne _ fR ' r~r-- • ~ ~.- ~`t~-{" ._z.~::~..~.. -... . __ -
<br />i ///i
<br />t r .~ -t <__"~~..___ ~~'F-__z-t'-- _ to rn.. knlwn to i>.~ thr,
<br />ide cal person(si whoa name{si are subscnbed to the foregourt instrument and acknowledged the e>.ecutwn thereof
<br />to he _._ _ ~ ~t~~-..~~_. rttlurttary cot anti deed. ~
<br />~~ ~
<br />ylitttess m}• hand and rcatanat seal ai _ _ .. _~~ t '-`:- ~-_-_ i _`=;~?. ~~..'~. •~_. in slid county, the
<br />date aforesaid. - -, .
<br />'fir
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<br />'fa(y luaufrtso~ xe prt:7lu~
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