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<br />7. 8oaclemnation. Ia the event the Property,or any part thereof, shalt be taken by eminent domain, the Mortgagee
<br />taempowe~tl toeoilectandt~trre sal eompensat5trrl which may be paid [or any property taken or for damages to property
<br />trot taketr; and Mortgagee apply such compensation, at its option, either to a reduction of the indebtedness warted
<br />hereby ~ to repair and restape the property so damaged:
<br />8. yr~r ripe by Mottgaaae, Mortgagee may, Dut shall have no obligation; to do any act which the Moxtt"
<br />4as a~ead;brt fails to da, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Is4ort~dbr
<br />to repay; upon demand; ai3y scars so eidpeaded by the Itfortgsve for the above pibrpeses; and`eaysatm su'expanded
<br />by t34e Mr._tpgee shell be added to the indebtedness ~crred hereby and- become subject to `the {ten hettiaf Morti;ege~-`
<br />~ajl not tncrr any pew tiabiiity Ffeeatme of anything it inay tta or oinit-to do [sete'aadar. - ,
<br />8 , [fpfaeait; t of Rents. 75tne is of the essence hepeat, and upon i>4attgagar's defan[t in any aovanant
<br />otagiasamant o[th(s Mortgage, htdnding cusersants to pay.-when due the soma secured by this Mortg:Re, the 11f®rkgagee shah.
<br />ba entitled, st its sole option and wittwnt notice, tb declare al! soma secured by this Mortgage to 6e- gntnedietgty due and .
<br />payable-and m(ty commence foreclosure of this Mortgage- by judicial proceedings; and, prgvidedYurEher.ttuf:upoasu~h; .
<br />default fire Mortgagee, or a tecetver appointed by a court, may at its option and without regard to tha.adsgttary: of the
<br />madly, enter upon and take posaea'sion o4 the Property-end collect the rents. issaes and profits therefrom-and app~y.them-
<br />SBt isthe east of collection and operation- of the Property and then upon the indebtedness secured by this-~;
<br />, said- tents, rtes and profits being. assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />Im: ltaastez of Prtrperly. u alt or any part of the Property is sold or transferred withont the express written con-
<br />sent of the Mortgagee, Mort~gee may at its sole option, declare atI sums secured by this Mortgage to be immediately-doe
<br />and payatrte-
<br />IL i?ntore Advances.. iJpon request of Mortgagor, Mortgagee may make additSotral and future advanrres to
<br />Mortgagee. Such advances, with interest thereon, sha{1 be secured by this Mortgage molten evidenced by promissory notes
<br />staEing that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not irrclreding soars advanced to protect the security of this Mortgage, exceed the original Note.
<br />1~ Mixx3lsneous Provisicnti
<br />(a) Any faebearance in exercising say right or remedy shah not be a waiver thereof.
<br />(bj_ Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised :roncurrently, independently or successively.
<br />(ej 'Ihe covenants and agreements contained heroin shall bind, and the rights inure to, the respective
<br />successors and a~igns of the Mortgagor and the Mortgagee.
<br />(d} iii rnvesants and agreements of the Mortgagor are joint and savers!.
<br />{ej '1~ headings of the paragraphs v# this ifartgage are for convenience only and shall not be used to inter-
<br />prat ur deRne the provisions hereof,
<br />1r1. iteleaee. Upon payment of aH sums secured 6y this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execrte and deTlver a satisfactory release therefor.
<br />IN tVITNES.S FY:iEftEOf, Mortgagor has executed this Mpritgage on the 11Lbday of Fr?hnrayrv ; i9 _$L..
<br />/f
<br />I?a jd ,~i. Lents' ~:~~_. aoQO,~er
<br />:•' /lam' 4 -! ' •C.i' ~`-/'... .. ~_..._-.~
<br />6tNe of Ne6ea~tt, -~_FtR~~ -~____~__Conncy ss: -
<br />4n this llttl _ day of FebatryZry , 19 $L_, before me, the undersigned, a Notary Public
<br />~/ Co®[niaPlOnad and qualifxd for said.county, personally came-I.18.Yiri F. T PrrY~ arui f-am7F: i•1'_ T Pnt~
<br />~._._,_.-_ , to me known to be the
<br />idtatirsl parwu(sj whose name(sj eta subscribed to the foregoing instrument end acknowledged the execution thereof
<br />~ ~ hie a~ hg~ rdwrtsry act and seed.
<br />yPttuess my ha$d. sad notarial seat at ~ C~I'AAd Lslt~d~~_^ in said eouaty, the
<br />date aforesaid .
<br />iYy Cawinissiar
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