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Home My WebLink About0556 . . _ _ ~ • - • - - - - ' • 3~i• ib t~ est~ot ot t~ 3ad~btedi~?sss ot t~ ltorts~o~ t~o t!r lbrt~a~ d~~orib~d ~vin or s~oar~d bs~cebOr~ t~b~ Mort~a jse i~ b~r~b~ subo~o~at~d to t,h~ li,en os li~a aad to . t~ ri~bt o! t~bs oti+aaera aad hoLders t~f~rso! o! ~aoL aad ~nt~ ;artgs~, li~n or ot~sr ee~ow~n~ano~ on t.bs pa~opsrt, dssoMbsd ~rsrsin vhiob is pai~d a~~0! pt?3al3~d, 3~1 Wbole or in part, ouL o! td~s proose~s o! t~~ts lo~n desoribsd lisrsia or s~aturd bst~sb~, aad ~hs rssp~otiv~s liens o! s~id ac~tgagsa, liena or ot?hsr enau~b~ces, eball bs ~wd t1~s aa~s and eaoh oi tber? bsrebqr is parsess~nd ~ad sball gasa to and bs l~sld b~ tU~ 2~brtgages I~srsiei as asouritT iror ths inc~sb~tedneas !o t~be Mortgagss bssnin desaribd o~c harsb~ seaured, to t.~s saAS e~ctent t~r?t it ~ot~ld h~?t~ bean pa~sssrred au~d vovld Law bs~n paased to and bsen Lsld bpr tbs l~brlgagss 2~ed it bsaa du~ ~nd regularl~ assigi~ed, t.rane- lerred, ast avar, ead dalivered ut?to Lhs I+i~rtgb~gs~ b~ ssparats , dsed o! assig~seut, rat~- vit?6standing tt~s hat t,bat t~s aa~s ~ bs ~etisiied aa1 oanaea]~sd o! reoard~ i~ bs3oa t6~s 3ateat.i~on o! ~tbs psrti~es barsto t.6~at t~ eaiw wi]1 bs sstiati~d ~od ~ aaaoslled ot . rsoord b~ the holders t~hsreo! st or about tbs tias o! t1~s ~eoording ot this sortga~e. . 15. I! a?t a~p? tise? ~11 or aa~ port3,o~n o! tbs above dsecribed paropsrt~y el~all bs ta1o~ or ds~aged by oonderonation pa~aaeedinga w~d~er t~Le power o! adin~ant dorain, all ooopaosat.i~on ararded or o~barviae psi~d a~ll bs psid direatl,~ to t.hs l~brtgagse aad appl3,sd on the ixrdebtsdneaa boreb;~ eeaurscl. . E 16. Tbe Mortgagor shall not eraot or ps~1t to bs ereoted aa~ as~+ bnilding or ~ ~ bu~il,d~aga on t~he preaiees Le~~ei~ ~ortgagecl, or to ~ to or psrait to bs ~ a~d~dsd ~o ae~ o! tbe sxieting 3mprov~eats thereoa, wit~wut tbs Mritt~ea oonaent o! tais Iiortg~~s~, aud • iu t,he ev~ent o! anT v3,olatioa or attespt to violats t~is stipnlat,i,oa thia Nortgeg~s aod a].1 s~aa seoured hsrs60? ahall at tbe opt3~oa o! ths Mortgagse iasd~stslJ beoooe dns and ~ pe~rabls aa~d t.bis ~rtgags sub3eat ~o ibreoL~aurs at t~s op~lron ot tbs l~t~rtgages. 17'. In t,hs e~ves?t thst my det~utt ehall bs ~e b? tJ~e li~rtga~or 3n tbe pyisn~E oi aay o! aa3,d suma o! ~oney b~srein reterred to, or ar~ part tJ~areols at the t3~s ~he~n tbs seme as~ereel~j beoo~tts dns md pe~?abls, or 3D tbs evsnt tbat ~ dat~sult ba ssde b~ ~ tbs Nortgagor 3a t,~s pertos~ence o! esah aod ev~ary t~s atipro~l,ati~ons, egrse~ents, ~ondi- ti~o~s aod oovaomte o! ea3d .~ra~iaaory~ nots md t.bis MortBages aad euah dstl~u].t she~ll - oontinvre !br a period._o! tbirt~y (30) d+e~y~s tbe~ aod 3a eit6er or e47 aaah e~ent, the eai+cl e86,rsgets sua, pa~3ncipaS aad io?tereet, aettiti~onsd 3a eaid pa~oaiseor~ n~ote, a~nd all m~ai,ee asoursd hes~eb~, ahe~ll beoaoe d~e md pa~sbls tort.~r~i~h, or t~eruai'tsr, at tbe . option o! aa3,d ~brtgages, vit.hox~-d~e~and or n~tioe, aa l1~11,y end oo~plets],7 as i! all • o! tt~e ea3d su~s of ~oneT were origiaally etipiil~atsd to bs ~sl~ ao aueh dqy, ~~6 i~'eaid pavo~iaeory ,a~ote or 3n t~hia MorLgage to tbe oontrary notrit~6steoding; aod tbers- ; upon, or , st f~e opE3,on o! seid l~ortgagse, vit~ut notioe or deoand, aait at lsv or in equity theret~olore or thereaPt~er be6uns aqy be p~oseoutsd-as it all ~oni~ea sscwred barsbt Lsd aatured pa~3~or to ita 3nstitut3on. 16. I! the Mortgagor absl]. h+ave assig~Led or esuss to bs seaignsd to tl~ l~ortgag~se, aor or 1ae~csat'ters aRY Po~Y or poliaiea o! life 3nanranos aa additiaaat ooll,atsral tbr, or in oonnection vith, tLe iadebtedaess ~areb~ seaursd a~ud thls Mos't~6+~8's, ~~2'~8~r ~ egrees, ao L~ng ae aa~ ot ea3,d iadebt~edneas shall rsia3n tmps3rd, tbat bs vill; lY~aa tiae to t3ioe~ es aad vhen tbe saae eba]1 beeore due aod pgysbls aad betors ao~ graae Peri~od provided 3n aaid poliay or polioies ahs11 hsve ea~pirss, pqy ths pa~e~iva upon ea3d Po~T or poliaies ot lite inauranoe, aad ot~erwise ]oeep aaid poli,oi,sa ia l1~11 leros and s!lect. ~ Aad it is egreed and a oondition 2~areo! t~bst abaul~d the l~fortgegor l~si]. or cegl~eat so to . do, suah defavlt and neg~ect a~a11 be a bo~each o! a oondit,ion o! t~e ~fortgagee aad shaLl ~ . aacelei'a?te this M~rt6ege a~d csuae t.be whole ot t.he 3odebtedoeaa aecured bereb~r to fort~- vith imiedi~stely bec~ome d~e and pe~?sb~le s together vith intereet thereon, as tboogh tbe vl~le te:s t.hereof had run, sad tbis I~ortgage al~a]1 tbe~reupan be eub~eot to imiediate loreolosure st tl~e opt.3ron o! tLe l~brtgag~es. ?he ltortgagee ahnll bsrs tba r3ght, at its optiari, to pa,y aqy a~oh pareeiua or p~e~aiv~e, but s~ioh pay~eot i! asds ebsll not oonatituts s vsiv+er ot eqy oondit3,oo 3r~ tl~e aortgsg~e or a~r optl,ou, 13~en, equity, or r3gbt vhioh t?~ lrbrtgagee seyr bave under t1~e .~tersa md oonditi~oz~s ~ereol, an~d t~e a~ount ao ~ pa3d she11 be add~ed t,o t,he parinoipal debt md ahe11 drav intereat st tbe rats p~ov3ded in sa3d note and sl~ll be eecured by tLia l~ortgage. , 19. i~e~ er~y a~wunt o! ~ocney to be paid by the 1~lortgsg~r to tbe Nortgagee wad~er tha _ ter~a hereo! ahsll be ia deteult, or sLould tbe 2+1~rtgeigor d~elaul,t 3n aoy o! tbe oL?~r ter~e, p~oviaiAne or oondit3,ona ot thie ~brtgage, then aad 3n t~st csae tLe M~rtgagee eball have t~t,s r3ght, vitbout n~oti,ce to t.~e Nortgagor~ to aollect aod reoei~e t'raa aq~ tenaut or lea~ee o! asird leortgaged p~esi~ea tbe rents, iesoea, ariid p~otits o! t1~e s~eel ~ eatate hereby acrtgaged aad tJ~e 3mpa~ov~emeata thersoa, md to gi~r~s p~oper reoeipt and aaquittsoaea t~erelor, aod ei'ter pe~ing a11 oomiasiona a! aq~ rsntel agsnt oolleat t~e aaee; end aoy reaaonabls attorneyts feea aad ot.bar neeeaeary eipenaes 3nourred 3n~ colleotiag sa~~e, to appl~ td~e pscceeds of soch oolleat3Ana upon ao~r iadebtednesa, obli- ~tioa or lisbility o! tbe ~ortgagor berevnder. ?be right granted t.6s ~brtgages uader ' thi~ parsgraph ahe11 bs 3a additi,oa to, end ehall not 13sit or rsatriat, ary other . right or rights granted t,~e i~l~rtgagee fn t~his Noi't6a8's• 20. It is bereby apee:fticallY ags'eed tbe?t aq~ ees or su~a vhiab as~? bs l~om~ed ~ or aav~aoaed b~ tbe Mortgagee to t,be l~ortgagor st aq~ tiae~ a~!'ter ths s~ording oi this i~dentiu~e, toget~he~ vith interest t~et~e~on at t.hs rste ag,reed" npo~? at tla tiee o! suah ].oan or ~anoe, s~ll bs equ~e~lly aeaured vith md batre tfis aa~s p~orit~? ea tLe ori$- ~ 3na1 3rxlebtednesa and bs aub~eot to all t~e ~eraa aad p~o~ia3~na--o~ tbis aortgage: ~ Prov3dedy tbst ths aggregate mount ot~ p~3ncipal outst~andiog at ao~ tLrs al~all a~ot ~ . - ~ ~ ~ go~K 83.555 - . . . _ . :