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7. Cttrdetrrnatixrn. In tine event flee Fropere}, stony part thereof, shah ~ taken by eminent domain,the Mortgagee
<br />is empowered Lo co!fec^i and receive all compensation whiet; may be paid far any property taken ar fn: damages to property
<br />not taken, and Mrirtgegee shaft agpiq ouch compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repast and restore the property so damaged.
<br />8: Pettormanee by Mortga~se. Mortgagee rosy, but shall have no oMigatlon, to do any act which the Mortgagor
<br />has agreied tart faits to do, and Mortgagee may also do any set it deems 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 arty sums so expended
<br />by the Mortgagee sfiall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur env perxonal lir_:.'.lity frecause of anything it may do or omit to do hereunder.
<br />9. Default, A~igrament of Rants. TSme is of the essence hereof, and upon Mortgagor's de€aulE in aay covenant
<br />oragxeement of this Mortgage, including rnvenants to pay when due the sums secured by this Mortgage, ilea Mortgagee shat{
<br />6e entaitkd, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence fonedosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />defautt the Mortgagee, or a receiver appointed by a court, may at its option and without regud to the adequacy of the
<br />sECUrity, eater upon and take possession of the Property and collect the rents, issues and profits therefrom and apply tdem
<br />Qrat to the cost of collection and operation of the Property and then upon the indebtedness seeueed by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security €or the payment of the indebtedness
<br />secured hereby.
<br />14. TYarrafer of Property. I[ 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 sole option, declare a71 sums secured by this Mortgage to be immediately due
<br />and p®yable.
<br />11. ff~ttate Advaneea upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shall tre secured try this Mortgage when evidenced by promissory notes
<br />stad~ taut said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by fhb
<br />Mott~ge, not including sums advanced to protect the securil} of this Mortgage, exceed the original Note.
<br />12. Mtaceltanecrus 1'rovtsions.
<br />~a) Aay fo:EV .-,~,.t ir, axe wising s;,y right or ~rmedy shsti not t~ a waiver thereof.
<br />(bJ AIf remedies provided herein are distinct and cumulative to any other right afforded by law ar equity,
<br />and may bu exercised _oncurrently, independently or successively.
<br />(ej Tine covenants and agreements contained herein shall bind, and Ehe rights inure to, the respective
<br />strir.•essors and assigns of thtr ;Mortgagor and the htartgagee.
<br />(d) Att covenants and agreements nt' 6he Mortgagor are joint and several.
<br />{e) The headings of the paragraphs of this Moregage are for convenience only and shaft not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Relesa. Ltpon payment of ad sums secured h}~ thie 'slortgagc. Nortgsgre ,hall discharge this Mortgage and
<br />stud execute and deliver a satisfactory release kherefor
<br />:"~' ~1Thl ~iiEltgt#b', Llortgagar has ~x~-utr-d(t'h=is 34ortgsgr on thc• 34*.•~dati of _~ , 29~?
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<br />tbrrowrr
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<br />Borrower
<br />8tata O€ Nlf _~__ _±~'~ .-_ _ _ lit/nnl} titi-
<br />Un this__3~ day of ___. _OCtO~r_-_ . - . 19 - 8i, brGrn• me, the underignrd, a Notary PuWie
<br />dote e+ttnmtsatorud and auaiifred for said eount}~. personafh° came . I~zY...L, Stx~r dud Gdmlyn J.
<br />$tar~Rterr tttl~alx~ arx3 Wife
<br />~...__._.~.~ »--------_.~_------_ __. ,_._ _ _ -- .._., w roe known to he the
<br />identtcai pecaoo{a} whose 4tameis} ate sulraeribed to lh.• i'uregorng ul±trumeut .and acknowledged the execution thereat
<br />tai $& ~ $~ ____-._ vatursLary aei a.•rd deert,
<br />Witnaea my hand and notarial seal at ~~ 1s1~~ in said county, the
<br />date af~aaid. ~ i
<br />r- N~urr Pybha
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