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A•That i! tM priadp~l or int~rast on tM Aote bsrein deacribed or any part oi tlie iadebt+edaep aecured hereb~ • ~ ;
or int~rest th~seon be tatp+?id when dne. os i! Ho shall fatl to pay ~s~ny tute~, assenmenb.~~r~e~, os impoat- .
tbas as the same Deoo~n~ dw ~nd~y~p
Ia. or K a t bs,eeiade i~1he TnR ~ nd pt perfonaanos af - oo~enant
ora~eeaa nt herein o~ataiae3. or i~ aay proceeoiugs be im,Utui~xl :v rLew u~' u~~:,8 an t~a 21a~-- P:~n:..~s -
or it ~q~r ~proceed b~ insLitatsd whkh might result to tLs detriment oi ths nse ~nd~ oy~aent ai the ~remisa. os
ii l~[ort~ssor 1s ad udkatied a banksupt oc insolvent~ or ii anr l+~w sh~ll be enacted or declsion readered b aay oourt
l[ ~ bereby, or
oi lut reaor! im~posia~a~T tu or asae~nent ~t now la efieet upon thb mortga~e. or t~e aots
I
an~ interest oi Ddort~g~ in the ~[ortgsged Premises, os renderIns inoperattve the andertskin~s oi Mort~agor to par •
all taxea a~iain~ as w reanlt of this transactioa other Lhan taxes on the interest inoome hereiroan, or abich resuld
iA the deduction irom ~lue ai land, fos 4x pnrpo~es. vf ths unount of any lieA bereon. or altering tha 2swa !or th~
~azin~ oi mo~ or debts aecnrcd ~e~by. or i! the Mortga~or. without iint obtaining the written eonseat oi tM ;
Mortsa~ee. sl 11 graat, bargain. sell or soavey the Mortg~ged Premises or aqy part thereoi. iAClndin; timber. tbea on '
. tbe h~ppening of any one or more oi Lhese events. this conreyance ahall become abaolnte ~nd the whole indebtedness ;
secuted hereDy sb~ll immediately becotne dne and payabls at the option oi tbe Host~a~es and this ~ao~~ meU?
thereugon De ioreclosed for the w?hole oi ~rid mon~y~ inter~t and costs, or b[ortsa~ee may ioreetoae only as fo snnu ~ .
psst due wiWou! i~ury to this martgage or tbe disphcement or impairmeat oi the nmainder of tbs lien thereoi~ and ~ ~
st snch tor~losure sale the properb? shall be sold aubjeci to all remaining ite~s oi indebtedn~s and !he Mos~s
ma~ a~ato loreclase ia the same nianner as oiten as there be snyr sum pss0 due.
10. Ii at tims aiter dei~wlt by MortRagor s tecei~rership ms,y be neceasarp in th~e op inion ot l[ortsagee ~
to ~protect the lieA~t, or at the tinne of or dter !he inatitutton oi auit to collect the iadebtedaeas hereb~? secnred.
or to iorecloss !h4 mort~aae, liortsa8ee shaU. as sn adm itted eqnity~ and as a matter o! slrict ri~ht and re~ard- ~
~ Iesa oi ths ~siue ot the psoperty. or t1?e solveacy or insolvency of Mort~agor or • e~arl;/ bonn~ ior tbe p~yment ;
o~ the indebtedness bs~e the ri~ht to !he appointment~ on ex Parte application ~nd wi~t notice to any~one. bY W ~
proper oonrt ha~in~ jnrisdict~on, oi ~ raxiver. which recei~cr shill bave aU oi the broad snd etiective powers
and innctioas in an~~wise en~nst~ by the oonrt to s reoeiver, to take chatge oi~ manage. Pz~e~e. anaintain. tare
tor and protecC tha MortRagea Premises snd to oollect rents, isanea, proceeds. Produoe. proiik inc~oma and revennes a~
a the Mott~sged Premises trona whatsoever source derired; to muke a11 neeeassrY or needial repairs and L~ pro~ide ior
Lt~e l[ortgased Psemises as set forth in psrs~raphs 6 u~d 6 wbove, and to taarket the prodncts thar~ and r~ei~e
~ ~ snd oollect !he proceeda tbercof snd anch rea~verahip shall, at the option oi Dlortg~~ee, oontinne an~l the tdlps~- r
meat oi all snms hereby secared. or until dtle W the Mortgaged Premisea aball have paased an sala ttndes • iore-
cbsnrs oi this mort~al~.
~ li. 3bonld Hortgator and l[ortgagee hereafter enter into any~~g~emen
t mod~iyins or eba~the teans o~
; this mo or the note seeascd bereby-inan~?~ particalar. the rigbb oS the parties t~ sneh s~reemMt b~ snpesior . Y
to ths r~oi tbe hddar ad aay intes~eains lien or encnenbrance.
. 18. Withont affeeting the 1Lbility oi anyperaon(other than any person :deassd pnnnant 6ereto) !or p~yrneat oi
: y y indebtedness secured hereby and wfthont afiecting the lien hereoi nPon W P~P~+Y not relea~ad pnrsaaaL I~tq,
elio~agee ma,1? at say t
i
me u~' iroea d me t
o t
i
me. wi
t h a
n t n o
t
ice:
; °~f 3 ~ ~ -
(a) Aelease W person ltable ior payment oi aa~ indebtedneas seeat~sd henby. ~ ~
~ s~ m° (b) the indebtedness. or estrnd !be t~me, or agree to atter the teans, ai pu7meat ad atp af tbs f~debt~ '
o O$ Aocept additlonal iecurity oi sn7 ]dnd.
' ~ a ~ O (dI ~7? P~rts .eenrtns tue iaaebtedneas. . . I
(e) Cons~nt t~ the mskin8 oi ~ n?s~ or pLt of the Mortgaaed PremLes, or tbe e.reatio~n a[ an~ ~ase~e~b
~ W thereon or sny eo~eaants reatrkha~ nse or oocnganey thereo2 6
o -
~d la. Ii the iadebtedaess seenred bereby is aow or bereafber larther uensad b~ cbstLel mortsa~w. Dl~dsM. aot~-
~ tiaeb ai saar4nt7?. assiAnmenta ai le+~ses. or other seenrities, Mortgagee may at fb option e~awtsa~ oa~ .or mor~
; ~
tiea and tb security herenader, either eoncarreuUy or independent~. and in snch order as it myr
' : 1~. No dela~ bp Morigegee in es~rciain~g a y riRht or remedy hezenader. or oR~be s!'for8ed b~ Lw~ ~hall
~ • oparate as • waiver thereoi or prcclnde the exercise t~raoi dusiAg' ths eoatinnana ad atq deiwdt ha~euader.
, ' 16. Ti~at ths l[oztgag~or ahall permi! the Mortgagee or its rePreaentatf~rea to ez~mint snd iaspeet tl~s pr~miw
i it in~ !lsfOnsbl! tlma.
~ This m absll ianre to and bind tbe heirs, legatees. de~riseea, adminLtrato=s. a~eentois. moee~so~s ~nd
•in~ ~oi~iny fe~nd~aLsll ~liable
o~a11r6md~ers.
" shall inelude !he plnral. t6~ plnral tM
• Mo~~ absli be sobroaated to the eLims and liens ai sll p~rti~ wbo~e elaims or lieas are d~ehar~ed or
• psid with t~e proceeds ot t6e losn seeured hereby.
. ° IN 1~IITI~SS WHER80F, fi,his mortgage has been duly executed by the Mortgaqo ~
Signed,, sealed and delivered _
' ' in the presence of: - ' ~~~q~ - ~ ~
° s~w)
T~h s J. din ton .
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s _ Del e i~j. co _ i
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~ - d viduall~Y~and a~ Co-Partners~
; Y ~ ~ ~b~fa $.C.&E. Ranc~ies ~
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` ~`in~- ~ K nne aggen _ ~
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