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any installment payment of principal or interest on said Note after the ~9K ,sue. • d~ie~ or upon the Mort-
gagor sviolation of any of the terms or conditions of said Note or of this ~, ma alli >ts dption, declare the
entire unpaid balance of said Note immediately due and payable, and proceed forthwith to rnllect said Note and
enforce this 1lfortgage. Once this 1liortgage I~as been accelerated by virtue of this acceleration clause, subsequent
payment of arrears shall not cure tt~e default unless expressly agreed to in writing by the Mortgagee.
6. Time is of the essence of this rnntract, but a waiver by the Aortgagee of a breach of any of the terms or
rnnditions of said Note, or of this Mortgage. on any one occasion shall not constitute a waiver of a subsequent breach
of any of the terms or conditions of either said Note or this Mortgage on any other occasion.
y. If foreclosure proceedings of any first or sernnd mortgage or any junior or senior lien or encumbrance
shall be instituted, the Mortgagee may immediately declare its debt hereby secured. and the Note evidencing same.
as being immediately due and payable, and may start such proceedings as may be necessary or advisable to protect its
interest in the premises, including the appointment of a receiver, and its lien herein granted upon rents, issues and
profits shall be prior to the lien of any junior encumbrancer or lien holder upon the rents, issues or profits rnllected
or to be collected by a receiver appointed at the instance of any junior encumbrancer or lien holder.
8. This lLiortgage shall secure any and all renewals or extensions of the loan secured hereby in whole or in
part, and no renewals or extensions shall be deemed a payment so as to discharge this 1lfortgage. This )<lortgage
shall also secure a maximum additional indebtedness oI ....-. .................................----...-.-...- .. .....-....-...........-------...--•----------
-•-•----••----•-------------------------•-------- --------------•--..... --------•-----.....---------------------- -----•--------... ($----•-------------------------.........-.._...) Dollars,
whether such additional indebtedness arises out of a sum or sums of money advanced or loaned to, or any other
indebtedness of, the Mortgagors to the \iortgagee, whether contracted or made before or after the date of this Mort-
gage, and whether or not evidenced by notes. accounts, or obligations of any kind whatsoever, and the total indebted-
ness at any one time outstanding shall not exceed the sum ot ..............................................................................................
.....-----•------•• ...................•--•------ ----- -.....------•--......-..----•--------•-------- - - -- ($----------- •----•------......-----•----------) Dollars,
which is the aggregate sum of the amount of the original Note secured by this ;Mortgage plus the maximum addi-
tional indebtedness set out above.
9. The lien of this 1liortgage shall extent to and include any expenses that might be incurred by the Mort-
gagee in the enforcement and collection of said Note, taking possession of the property for the purpose of preserving,
maintaining or letting the same after default of the Mortgage and abandonment of the property by the Mortgagors,
and rnllecting all indebtedness of the I1lortgagors to the :lortgagee hereinabove recited, and should legal or equitable
proceedings be instituted for the collection of said I~Tote or said indebtedness, or any part thereof, the Mortgagors shall
be liable for and pay all reasonable attorneys' fees and expenses incurred by the Mortgagee or its assigns to the fullest
extent permitted by applicable law.
10. The lien of this ~3ortgage shall extend to and cover all property and property rights, real and personal,
and of whatever character or nature. that may at any time hereaker be acquired, owned, held, possessed, or enjoyed
in any manner by.t~e Mortgagors in or on the Property.
11. The covenants rnntained herein shall inure to the benefit of, and be binding upon, the respective heirs,
personal representatives, successors and assigns of the Mortgagors and the :Mortgagee.
NOW, should the Mortgagors well and truly pay said debt and interest, and perform all of the covenants and
agreements herein set out, and in the Note secured hereby, then the Mortgagee will release this Mortgage at the
request and cost of the Mortgagors.
IN TESTIMONY WHEREOF, the Mortgagors ere nto subscribed their names,
first above written.
~~ff ~ _.
WITNESSES : .............................. ._..
T MM~R~HALL... '?t.
STATE OF KENTUCKY SS
COUNTY OF FAYETTE
by ............................................................................
This
iii l~4~alY ~ ~tiL~7\T~ / ~7V'
& HEMBREE
Central Bank Builds
Lexington, Kentucky
` 5-75
- - ~.~.,1-;:1
this day and year
~~
for ....................................................................................................
NOTARY PUBLIC,
Kentucky
4 0 5 0 7 My Commission Expiry : ~~~ P~~~