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mature in the future, or upon such other item of indebted-
ness secured hereby as Mortgagee shall determine. And it is
further expressly agreed that the Mortgagee shall not be _
held responsible for-failure to collect any insurance pro-
- ceeds due- under the terms of any policy provided for hc:-rein
.regardless of the cause of such failure. In the event the
cost of repair of said damage or destruction exceeds the sum
of $150,000.00 and Mortgagee determines, at its option, to
apply said proceeds to the discharge of the principal indebt-
edness secured hereby, then, Mortgagor, at its sole option,
may elect to-prepay, without premium or penalty, all or that
portion of the then outstanding principal indebtedness allo- "
Gated to the damaged or destroyed parcel of the Property.
17. No conveyance shall be made by the Mortgagor of
- the Mortgaged Property; or any part hereof, without first
obtaining the prior written consent of the Mortgagee which
consent shall not be unreasonably withheld, and anx such
conveyance shall, at the option of Mortgagee, constitute a
default of this Mortgage. - _
18. ~ The Mortgagee may, at its option, and without
waiving its right to accelerate the indebtedness hereby -
secured and to foreclose the same, pay either before or
after delinquency. any or all of those certain obligations
required by the terms hereof to be paid-by the Mortgagor for -
-the protection of-the Mortgaged Property or for the collec-
tion of the indebtedness hereby secured. All-sums so ad-_
vanced or paid by the Mortgagee shall be charged into the
mortgage account,. and every payment so made shall bear
interest from the date thereof at the maximum-rate permitted
by law, and become an integral part thereof,--subject in all
respects to the terms, conditions and covenants of the
_ $1,685,000 Promissory Note, and this Mortgage, as fully and
to the same extent as though apart of the original indebted-
Hess evidenced by the $1,685,000 Promissory Note and secured
by this Mortgage, excepting, however, that said sums shall
be repaid to the Mortgagee within fifteen (15) days after
demand by Mortgagee to Mortgagor for said payment.
19. That any abstract or abstracts of title owned by
Mortgagee covering _the Mortgaged Property shall at all
times, during the life of this Mortgage, remain in the -
possession of the Mortgagee and in event of the foreclosure -
of,this Mortgage or other transfer of title to the Mortgaged
Property in extinguishment of the indebtedness secured
hereby, all right, title~and interest of the Mortgagor in
and to any such abstracts of title shall pass to the Mort-
gagee or_the purchaser or grantee.
20. To pay all and singular the costs, charges-and
expenses, including attorney's fees and abstract costs,
reasonably incurred ar paid at any tiQe by the Mortgagee
because of the failure of the Mortgagor to perform, comply
with, and abide by each and every of the stipulations,
agreements, conditions, and covenants of-the Promissory
Notes and of this Mortgage, or either.
21. That in order to accelerate the maturity of the
indebtedness hereby secured because of the failure of the
Mortgagor to pay any tax assessment, liability, obligation
or encumbrance upon the Mortgaged Property as herein pro-
vided, it shall not be necessary nor requisite that the
Mortgagee shall first pay the same.
~o~x3i7 Pd~E 5`71