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<br /> " , 5. Esc=ow for Taxes and Insurance. None "`�--"
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<br /> � , , 6. Repair, Maintenance and Use. To promptly repair, �� ���
<br /> .� =estore or rebuild any buildings or improvements now or �.;;;�,._
<br /> hereafter on the Property; to keep the Property in good ' _.�'`�- ___
<br /> �, 4:--..
<br /> condition and iepafz, vithout waste, and free from mechanic's ' � "-- - __ -
<br /> � ' � , or other liens not expressly subordinated to the lien hereof; " •
<br /> , not to make, suffer or permit any nuisance to exfst, not to � . , �
<br /> -�� diminish or impair the value of the Property by any act or
<br /> omission to act; and to comply with all requirements of law � . •-�— _
<br /> with res ect to the Pro ert �`3'���� _
<br /> P P Y• -;� .;;"
<br /> , 7. Cos�demnation. In the event the Property, or any part .
<br /> thereof, shall be taken by eminent domain, the Mortgagee is ' ��•
<br /> ' ` empowered to collect and receive all compensation which may .Y�.'�
<br /> be paid fo= any property taken or for damages to property not � + , � "�';
<br /> taken, and Mortgagee shall apply such compensation, at its °, .
<br /> • . � option, either to a reduction of the indebted�ess secured ' � = �
<br /> � hereby or to repair and restore the property so damaged. . r""�"
<br /> e. Performance by Mortgagee. Mortgages may, but shall -=_�_
<br /> �� hava no obligation, to do any act which the Piortgagor has P "~'
<br /> agreed but fails to do, and Mortgagee may also do any act it f `x-,� �
<br /> deems necessar to ro�ect the lien hereof. Moxt a or agrees ' � ' . '
<br /> Y P 9 9
<br /> to repay, upon demand, any sums so expended by the Mortgaqee � 4�
<br /> __-- " �� fot ttie abuve u� ases and an sums so ex endeu b the �
<br /> P P . Y P Y E: _ . ,°�'`-'�
<br /> ' . Mortgagee shall be added to the indebtedness hQreby and �• ' _:
<br /> become subiect to the lien heteof. Mortgagee shall not incur -
<br /> any personal liability because of anythinq it may do or omit � f
<br /> to do he=eunde=. ' .
<br /> 9. Default; Assignment of Rents. Time is of the essence �• �
<br /> hereof, and upon Mortgagor's default in any covenant or `
<br /> � agreement of this Mortgage, including covenants to pay when `
<br /> due the sums secured by this Mortgage, the Mortgagee shall be „ ,` _
<br /> „ entitled, at its sole option and vithout notice, to declare ,
<br /> all sums secured by this Mortgage to be immediately due and
<br /> . payable and may commence foreclose of this Mortgage by
<br /> �udicial proceedings; and, provided further, that upon such -
<br /> default the Moztgagee, or a receiver appointed by a court, ' "
<br /> �� ,' may at its option and without regard to the adequacy of the
<br /> security, enter upon and take possession of the P=operty and
<br /> collect the rents, issues and profits therefrom and apply "�` �
<br /> them first to the cost of collection and operation of the
<br /> Property and then upon the indebtedness secured by this
<br /> Mortgagee; said rents, issues and prafits beinq assigned to
<br /> the Mortgagee as further security for the payment of the
<br /> indebtedness secured hezeby.
<br /> • r'; 10. Transfer af PYOperty. If all or any part of the
<br /> , :. Property is sold or transferred vithout the express vritten
<br /> consent of the Mottgagee, Mortgagee may at its sold option,
<br /> declare all sums secured by this Mortgaqe t� be immediately
<br /> due and payable.
<br /> ' 11. Futuze Advance3. l►pon r��qu�3t of Murtqagor, Mo=tgagee
<br /> may make additional and future adv.3ncey tio Mortgaqor. Such
<br /> s �� advances, vith intezest thereon, shall be �ecured by this
<br /> Mortgage when evidenced by promissury notes stating that said
<br /> � notes are secured hereby. At ��o time �hall the principal
<br /> amount uf the indebtedness secured by this Mort�age, not
<br /> ' � including sums advanced to protect the aecurity of this
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<br /> 12. Miscellaneous Provisions.
<br /> (a) Any forbearanr_e in ext:rcising dny riyht or remedy
<br /> shall be a wa iver ther�of.
<br /> (b) All zemediec pruvidc�d herein aze distinct and
<br /> cumulative to any ott��r right affor.de3 bylaW or cyuity, and
<br /> may be exercised concurrently, lndependently ur ::uccessively.
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