HomeMy WebLinkAbout0685 ~ ,~.ti , .w,..-.r \?iJ .+~+.14~~~~ • ±'4,~~~'~~'•`!!' •.41' . • . . • :i-`~.y,.:~
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l~t. It t~e in~d•btedn~se saoured hereD~ is now or hereatter
. lurthsr -~wur~sd b? ohattel sort~psges, piedgss, aantraats of ~ ,
. guaraat~, assi~nnwents o! leseea, or other seouriti~ee, or if the ~
i preoises hersby enou~bered oone~.ste ot sore than one parael ~
~ _ , Ilortg~e?gee 0ey? at ite option ezhauet y one or more o! aald ee-
~ aurities snd the eeourity hereunder, o~ euah paroels of the ee- • ~
aurity hereunder, either concurrontly or ~ndapendently~ a~1d ln euah
? . ~ ~ ~ order sr~ it osy detexvine. ~ ~ ' .
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~ . 1~. Upon requeet ot'~Mortgagor, Mort~gea may, at ite eole ~ .
~ optian, from ti~ne to tirne before tull payment ot all indebtiednese
~ e~eaured,hereDy, make Furti~er advancea to Mort$agor; provided, hoM-
j~•~.ever, that tRe total prinaipal aecured heraby and x~emaining unpaid, ~
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' ..~inoluding a~ny euch advancea, shall not a~ any time e~cceed the orig- ~ ~
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- ~ inal prinaipal eva~ eecured hereby. Martgagar et~all exeeute and • ~
dellvar to Mortgagee a note evidencing eaah and every such further
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. - advanae ~t?ich Mortgagea may make, such note to be payable an or .
belore maturity of the lndeb~edneso seaured hereDy arid to aontain .
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, ~ such te~ne ao I~ortgagee ahall require. riWrtgagor ahall pay all
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~ueh turther advancea Mith lntereat, and the aame, and eaoh nota ~
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~ evidencing the s~rne, ehall be aeoured hereby. Al1 praviaions ot a
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~ thia mortg~ge ehall apply to each further advanoe ao Mell ae ~to all
. , other lndebtednese eecured hereby. Nothing herein contained, hoN- ~
ever, ehall lim.it t~e amount aecured by thie m~ortge?ge i! auch amount ,
ie inoreaeed by advanees~t~ade by Mort~agee, ae herein el~eMhere ~
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providea for to prr,~tect the eecurity: ~he Mord "~iartgagor" ae used
,.iri thia parsgraph, inaludea sny aucceseor in oNnerehip oP the premiaee..
,.f lf . No delay by 1Kortgagee in ezercieing ar~? right o~ remedy
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. hereunder, or otherr~lae atforded by laM, ahall operai~e as a Maiver
thereot or pr~clude the eaerciae thereof during the continuanee of ~
~ any default hereunder. No Maiver b rtgagee ot any dei'sult eha11 ~
' conetitute a walver oi' or ~eonaent t uheequent dePaulta. No fail-
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. ~ uro o! Mortgsges ~o ssrraiss snr option her4in given to a~aelare:te :
msturity-o! the deb~ hereby eeaured, no forbe~nee by M~ortgagee , ~
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be!'ore or atter the exerciee of sueh option and no Nithdr~~al or
j .''~~abandon~ent ot torealoeure proeeedingd by N,ortgagee ah~ll be take~
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