|
7, iAndemtration. Cn theeventthe 1'rnperty, or env part ihereaf, shall be taken by eminent domain the Martgagee
<br />rs empowered to cafiect and receive sit compensation which tray be paid for any property taken or for damages to property
<br />not taken, and ltartgagee shall apply such r;ampensation, at its aption, either Ln a reductian of the indebtedness secured
<br />hereby or to repair and restore tits property as damaged.
<br />8. P.xfomtance by Mortgagee. Mortgagee mav, but shat{ have tto obligation. to do any act which the 14tartgagor
<br />bas agreed but fai9s to do, and Rtottigagee may also do any set it deetns necessary to protect the lien henaat. Mortgagor
<br />to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and ady soma sa expended
<br />byr ~ SRnrta~na~ shat} no odAuYt to ills :f:'. ~°t.,t€d.~r~ .a tt.~-•, l`.E'iGtts w.d 'u'cav.rs2 'sfibjeca W the #1~}i #t@r€eti'. 'M`8T[Q~
<br />she## not incur any personas #iability brcattve o€ anything it map de ar omit Eo do hereunder.
<br />9#. ikfsutl; Aae9gatneut of Rents, 15me is of the essence hereof, and upon Mortga¢or"s default in any covenant
<br />oragreetnent otthis k4pttgaga, including covenants to pay whetn due the sums secured by thls ittortlptge, t'de 91~ortgageeEahall
<br />/te edtitled, at its sale option and withaul not#ce, W declare alt sutn.s secured tf_v this Mortgage to be imitted#ateiy due-and
<br />#4:yab9e and may codserenc-e forectostire of this ldortgage by judicial proceedings; and, Provided fttrther, that-upod suit
<br />default the Mottgagee, or a tec~#ver appointed by a court, may at itr. aption and without regard to the adequacy at the
<br />aecur9ty,anter upon and take possessiott of the Praperty and collect the rents, issues and profits therefrom and apply tttena
<br />$ral to tote Croat of catlec#fon and operatian of the Property and then upon the indebtedness secured by this Mortgagee•
<br />said rests, issues and profits being assigaed to the ttilartgager as further secutstg for the payment of the indebtedness
<br />secured hereby.
<br />10. 'I4ansfer at Property. tf sit or any part of the Praperty is ~t#d cr iransfert'ad without Lha axpr^a„ K..tter. can-
<br />sent of the 9ttortgagee, lortgagee may at its sole optirxt, declare alt sums secured bg this Mortgage Lo be immediately due
<br />and payable.
<br />I1. Future Advances, lpon request. of htortgator. Mongagec may make additional and tutute edtrancea to
<br />]tdortgttgee. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating dhat said notes are xr-tired 3tereby. At no time s4tall thn principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to prated the sFCUriti of this Mortgage, exceed the original hole.
<br />12. INisceltarteaus Pravisioos.
<br />ta) Arty farebearanee in rx°reiatng any riyltt w remedy shall not be a waiver Chereof.
<br />ib; Alt remedies ptavided herem am distinct and cumulative w any other right afforded by law or equity,
<br />e,ra nm3 ~ e d -cmcvrterttty, inrmpenoenziy or successivelc.
<br />ici 'I'be t'avenants and agreemertls r~ntained hentin shall bind, and the rights inure to, the respeclive
<br />suecessoa and assigns of the !tiartgagor and the Flor•gagee.
<br />(d{ .1U covenants and agrrr•ments of thr Mottgagar err jnini. and u~veral.
<br />fat Tire headingR of the para¢raphs of this ~tort¢ase are fr,r car.,rtv:enc<• aniv and shalt not be used to inter-
<br />prnt ar del}tie the proviraons iterreof.
<br />ld. ~~. tiy~'ir, pa;'merit cf ail zurTis ~ecurect irv inn :tiortxaj<'- ;t4rn};akrr .t!at! discharge this Mortgage and
<br />shai9 ext+cufe an$ deliver a salisfactan' release iheref<,r.
<br />9N Yii"I'NESS tiliiER;;OF, Morgagar has eaeented :hiz63i,~tgagr on the 22. day of --_----_ApPil ,19 81 _.
<br />~' l1 < ~
<br />,t
<br />Timothy :~. ,~t>lar ea.>.~,~:r
<br />Srirtcaria ?;. Kolar anrruwer
<br />Stair at rviebatral<z, ... _--.----_ I'!&11 ._....- t'<,unt} ,s:
<br />f)n thti ..___~ ~._ day of ___.__.-. .. _.-_April - _- Il? _gl , br•fare me. the undersigned. a Notary Pub#ic
<br />duly ctxntaaiavionr;d-and aualtfted tar said coursty, per.,nnatiy r~amr --- Timothy .1~....._~p.l_AY'_ aIl{j_ V1CtOria L.
<br />KOlax, HtL5i7t5.tit3 aAt~ 'fcife ----- --__`_
<br />..__._._~-_,._.__,..._.__.__._._._._~.~.__~..~.-.~--- . _ -_.._._. _.___- -- _.---. ._..--_-~-.. to me known to ~ the
<br />fdentital persatrtsl where tta[ttatsC are sut~ribed to the ferrega:ng instrument and acknewie.;ged the execution thereat
<br />W be _-__ h1.S ~?a ~x'T vaiuntary set and deed-
<br />Y:ilness my hand and notaria# seal at ._--_ _- --- -Ca'and_Islar~-- said u
<br />~~ atttresaid. in co nty, the
<br />-_
<br />Tidy t.atntnission expires: E ~ -- ! ?. - ~~ u _.f- , ~
<br />i
<br />fitf~-7Y4h aP ~a~YS ~--
<br />~ Notary Pubfic
<br />` t tt~, ~i3~i3 ~ j
<br />iq' Guava ti7~. Bev. f 2 i ...,~.. r,
<br />___..._.,...,.........___._.._ F"-~.:,_... ~.,...~ tie Sri...,. 'm;s`t -ne Y«sertea F'=:4 f
<br />_
<br />taaer
<br />a R
<br />'
<br />n
<br />~ .
<br />
<br />~
<br />rl __ -
<br />.
<br />~a
<br />.n
<br />vt
<br />.
<br />._.__ -_ _~. _
<br />.. ~ P J _ _._ ---.-,,.`-
<br />:.
<br />._..._ x..~
<br />
<br />2~ ;~ ~ ~ d~ i~, ~
<br />
<br />= '
<br />~--~
<br />-~~ ~ - u
<br /> ~ '=
<br /> ~ ~ '1
<br />.
<br />s*~s:. ;:ads a~rz ~c~
<br />~
<br />~ ,. `
<br />~g•'t~ ~y
<br />t~t ~i
<br />'~ ~ttdiitt~
<br />
|