Laserfiche WebLink
Z: Condemnation. In the event the Property, orany part thereof, shall be taken by eminent domain, the Mortgagee <br />isempawered't4 collect-and receive all compensation which-may be paid for any property taken or for damages to te-aperty <br />noEfalten, find Mortgagee shall apply such compensation, at its option, wither to a reduction of the indebtedness secured <br />hereby or t`o repair and restore the property so damaged. <br />&. Per[ominrce by Mo~agee. Mortgagee may, but shah have no obligation, to do any act which the. Mortgag~sr <br />tisq_ agreed' btSt fails "to:do; and Mortgagee may also do any act it deems necessary to protect the lien hereof: Mort~gor <br />. to repay; upon deraartd, anysttms so expended by the Mortgagee far the above purposes, and any sums saexpeaded <br />hy_ fire tgae shall tie- added' to ttie'indebtedness secured hereby and become subject to the Tien hereof, Matipa(ee <br />snail.not:irrcur any personal tiab"dity because ofanything it may do or omit to do hereunder. <br />9, f]efautt; Assignment of"Rents 15me is of the essence hereof, and upon Mortgagor's default in anp cove~nt- <br />or tettunt of this Mortgage, includingcovenants to pay when ihte rite sutnt secured by this Marigage, tee Martgatee shall <br />bp:enpded;.at its'. sole option and without notice; to declare ail sums secured by this Mortgage to 6e immediatelydue and <br />payable an'd rasp commence foreclosure of this hortgage 4y judicial proceedings; and, provided further, that upon such- <br />- .default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the <br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and aoplyihem <br />8'rst to the'ansL of troilection and operation of the Property and then upon the indebtedness secured by this Mortgagee- <br />- said teats, iswca sud profits being" assigned to the Mortgagee as further security for the payment of the indebtedness <br />seemed hereby. <br />10. a of Propetty. if wit or any part of the Property is sold or transferred without the expreea written cOn- <br />ee[tt-of the-Mortgagee, MrrFgagee may at its sole option, declare all sums secured by this Mottgage to be immediatelydue- <br />and. ptyabk: <br />- 11. FYtture Advaucea. Upon request of Mortgagor, kiortgagee may make additional and future advances to <br />Matipigee, Stich advances, faith interest thereon, shall be secured by this Mortgage when evidenced by proraiasory Hates <br />- - , statitt;-that add notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this <br />notincttrdtng sums advanced to protect the security of this htartgage, exceed the original Note. <br />2: dos Pirav~uns- <br />- (a) Any fot:bearance in exercising any right or remedy shall not be a waiver thereof. <br />' {b) Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity, <br />and rnsy 6e ezercised :oncurren[iy,indepeadcnth-orsuccessiveiy. <br />(c) The aovenants and agreements conisined iterem snail bind, and the rights inure to, the respective- <br />sttcr-sssa~ts wad assigns of the Mortgagor and 14e Mortgagee. <br />Id1 4t3 covenants and agreements rat the #ortgaaor are joint and several. <br />- {el 3tm headings of the paragraphs of fiAtis Mortgage am tar ronvemence only and shalt ^oi be used to inter- <br />prat itt define the prortsiorts hereof. <br />i3. Rataaae; upon payment of a)i surr~ securnd by this Mortgage- Mortgagee shal3 discharge this Mortgage and <br />ahaN execute and deliver a saUsfaetory release therefor. <br />LN WI'fNEti3 WHEREt)F, Mortgagor has eseruted this Moctyage un ttte• 12thday of __SQRt~tbez~, 19 $C , <br />~• C _ t~tYt3tz'i ~-- - - <br />H marine ~,_.':.~: ,,.~~ <br />Horse,.!- <br />8tatrot".ha6raaitar Hi1LL __.-- ___.. -- - _--- -. Cbunt~ s,: <br />t!n this ~~ -day of ~ ___.---.~ !9___$~, before me, the uudenignrd, a Notary Public <br />p ttm-ii[~. jas said cauuty. txvscrnati~ rump ~313.s L. c~imt;'i_ne artci C~mthia H. CYtat¢~ifle, <br />- ~ dt1t3 r. dt1€1 Iw~i#L'~FIOB Si. ('~t1EK,'li]B c3IX~ IfJ13^ A. ^CL'lillr.Lller ~ Fil,7B~3S~~dif~' <br />_. _ ___._ ___.... ___.... tD It1e known GO be the <br />,patsgrys} sv$ae nafuelsj are subscrit~d to rite f€xeggng insire:ttxent and ackravcladged the execution thereof <br />~ ~- ~~~ vduotar} act and deed. <br />_. lgttttess raY hoed and ttotatiai iayi at _ _ _._._-~ GrHe~d ZS3atid -- <br />---.__ .--------sn said county, the <br />dt-tr afpaaantd. <br />iyy etpirea: _ ~- <br />,_, <br />"~- .arc t'ubs,c <br />r"'> ~,- . <br />s , <br />C'~-~ __._ atatarr>ayn! ~ _ <br />J ~ AN ~* ~iOw- ratr tfW' ReurE-CII $D LtTl~tlT 1,(TG RrLattlTl °-.-•-..-._.__..~..._.__. _. _. ,...__. <br />' ~ fa_ tale <br />! ~ ~ irta3 j { ~~S ~~i~ <br />anttau rs~+•~ << ~. a asMsia <br />.v''~~ r) ~L~ 'aJl[5i~ <br />~st#jaei~ M. <br />_._j <br />e (~ L~ ~~ Q <br />°., M1at' tne,i,thi h.~pj - - Ci`~ tf a-t7 t.7 ~~ _ <br />