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HomeMy WebLinkAbout2799 ~ "',ll. 80:<< . 16 PACE649 ~ T. J urlr r .., . provided for coma du. and aball witb the mt<<rat tMnon b<< IKUrcd by that plUtnu; but by tbt palment of any sum MttUncHr tM mOrllalft will not b<< held to ~ve waived any right accruinl te> !t ~~UIt 0 non- payment tlwnof by tbt mortlalora. 8, To waive tM b<<nefit of all homeauad naDption or exemptiolU aa to all amounta ltCurcd henby, 9, To perform. comply witb andabick by ach and nery tbt ttipulation.. alrftmenta. conditions and covenantl in aid promiaory note and iJl tbia deed at forth. 10. That guntinl arv utenaion or extenaiou of tbt tim<< of paymmt of the aforaaid note. or waiver of or failure to uerciae the right to matun the wbol<< ckbt &ball not al'tct the lim henof or tbt rights of the mortgagft henunder or op<<nte as a nleue from any liability on aid note or thia mortgage; and further that acceptance of part payment of any inatallmmt of principal or intelUt. or of part performance of any covenant, or delay for any period of time in exerciaing the option to matun tm entin debt, shall not open- ate as a waiver of the right to exercu.r such option on account of luch default. or any luh.quent default, II, If any of said sums of money henin nfernd to b<< not promptly and fully paid within thirty days next after the saute .verally become due and payable, or if any and rvery tm stipulations. all'ftmenU. conditionl and covmantl of said promiaory note and this dftd. or either. .an not duly performed. complied with and abided by. the aid aggrtgate sum nuntioned in said promissory note then remaining unpaid. with inttrest accrued to that time. and all money. lKured hertby. shall ~come due and payable fonhwith. or thereafter, at the option of ~id mortgagft. as fully and completely as if all of the said sums of money were originally stipulated to b<< paid on such day. anything in said note or in this mongage to the contrary not- withstanding; and thenupon or thereafter. at dx option of said mortgagft. without notice or demand, suit at law or in rquity. may ~ pros<<uted as if all moneys secured hertby had matured prior to its institution, The mortgagft may foreclox this mortgage. as to the amount so declared due and payable. and tm said prfmises shall ~ sold to satisfy and pay the same together with costs. expenses. and allowances, In case of partial foreclosure of this mortgage. the mortgaged premises shall ~ sold subjec: to the continuing lien of this mortgage for th~ amount of tm debt not then due and unpaid, In such case the provisions of this para- graph may again ~ availed of therufter from time to time by the mortgagft: 12. No waiver of any covenant herein or of the obligation secured hertby shall at any time therufter be held to be a waiver of tm terms hertof or of the note secured hereby, In tilt event of default in any particular as herein provided. or should foreclosure proceedings be insti- tuted hereunder on account of any breach or violation of anyone or mort of the covenants hertin. it is covenanttd and agreed that the mortgagft. its successors. legal rtpresentatives or assigns, shall immediately be entitled as a matter of right and without regard to the value of the premises or of tm personal property hereinabove described, or the solvency or insolvency of the parties. and without notice to the mortgagors. to the appointment of a receiver for the mortgaged premises. and the rents. issues and profits thereof. with the usual powers of receivers in such cases. and the ,said mortgagors consent that during such receivership the said receiver may be continued in possession of said prtmises during the pendency of any foreclosure. and until the time of sale thereof or thereunder. and until confirmation of said sale by a court having competent juris- idction, It is understood and agreed that the mortgagee may at any time. without notice to any person, grant to the mortgagors any indulgences or foreburance, or any extension of time for the payment of any indebtedness secured hereby, or allow any change or changn, substitution or substitutions of any of the prop- erty described in this mortgage or any other collateral which may be held by the mortgag<< without in any manner affecting the liability of the mortgagor. any endorsers of the indebtedness hereby secured or any other person for the paymmt of said indebtedness. together with interest and any other sums which may be due and payable to the mortgager. and also without in any manner affecting or impairing the lien of this mort- gage upon the remainder of the property and other collateral which is not changed or substituted; and it is also understood and agrttd that tilt mortgagft may at any time. without notice to any person. release any portion of the property descri~d in this mortgage or any other collateral, or any portion of any other col- lateral which may b<< held as security for the payment of the indebtedness hueby secured, either with or without any considuation for such rele... or rtle...... without in any manner affecting the liability of the mortgagors. all endorsers. if any. and all othu persons who are or shall ~ liable for the payment of said indebtedness, and without affecting. disturbing. or impairing in any manner whatsoever tm validity and priority of the lien of this mortgage for the full amount of the indebtedness remaining unpaid. together with all interest and advances which shall h<<ome payable. upon the entire remainder of the mortgaged property which is un released. and without in any manner affecting or impairing .to any extent whatsoever any and all othu collateral security which may be held by the mortgag<<, It is distinctly understood and agrred by the mortgagors and mortgagee that any reltase or nltases may be made by the mortgagee without the con- sent or approval of any otmr person or persons whomsoever. The mailing of a written notice or demand addressed to the owner of record of the rt;Iortg.aged ,Prem- is("s, or directed to the said owner at the last addrus actually furnished to the mortgagft. or If none, duected to said owner at said mortgaged premises. and mailed by the United States mai.ts. postage prep~i~. shall ~ sufficient notice and demand in any case arising under this instrument and reqUired by the provIsions hereof or by law, The covenants mrein contained shall bind. and the benefits and advantages shall inurt to. the respective heirs, ("~ecutors. administrators. successors, and assign. of the parties hueto. Whenever llled. the lingular number shall include the plural. the plural the singular and tm use of any gender shall in(lude all genders and the term "mortgagre" shall include any payft of the indebtedness mrtby lKund or any transfertt ther("of whether by operation of law or otherwise. All interlinutions and erasures henin wen made prior to execution by tm mortgagors, ", :. ." . IN WITNESS WHEREOF. the said mortgagOR have hereunto subscribed their namn and a~~d~itfnr 'U . s~als. the day and ytar first above written. \ ,'...' :,' ( . " ." Signed. .aled and delivered in tm plUtna of: ' ",'. ,"" A~.4~~4~"'~~~__h <"~~mYs:~~,~;..~'(~I'; .- - , " ~- . . - / : ",C:'. ..,..~. ,':", --r.L-(/ij'li,XLa! "-:?U<.h..:)<)<-'~-~___'" __...m ,..h' ., ................'mI. ,_.,.J$Uli ." vr- '. '. I: V '\ \\ ~.,.., .....,~..,.... 00 .... '. ,