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HomeMy WebLinkAbout1397 I I 1 I ~ lY. Lt tt?e indebtediie~ seoured hereby is nuw ur hertjatter turther aeoured by obattel mo~~age~, pled~ee, aonttw~ots ui ; gu aranty, aaaig'runents af leases, ur uther seourities, or if the premiees hereby enoumbered ac?nsi~ta ot a~ore that? oae p~roel, ~ 1~S~rtgagee m~y at ite optiou ezLi?u~t any one ur morn ot ea~id eeouritiee aad the aeourity hereundet, ur suoh potoela ol' the seaunty hereunder, either aonourrent~p or independe+at~y, and in euoh order ~e it m~y determine. ~ 15. Uponn~queat of Mort~a~or Mor~~se m~y, ~?1 its ~ole option, hom time to time betore tuli p~ymeat ot aU i4debted- nees aerured h rereby, make furefier ~dtanoer to Mortgytou~; provided, however. th~t the total ~rinaip~l eaoured her+~ti~ and ram~in- in8 unp~id. ineluding sc~y~ auoh ndvwcws. ehaU noc at say trme eseeed the ~ prineipd eum seoured heeeby. Mort~~ar aiWl exeoute ~nd de6ver to Mort~~ee • note evidenadng e~oh and every woh e~rLher ~dv~noe wLiob Mortsagee m~y 0. e~.`oh note tu be pay~bte on or before rastunity d tha indebtedne~s seoured hereby ~nd to aontain suah tecma as Mort~~e ahall require. Mort~or shsU pa,y rdl euah lurcher adv~u?ees with int~t, ~,ud the s~ume, wd esob ~te ovideaang the ~me, shall be seoured hereby. All prov~ons at t~s mart~age sd~li~ apply to eio6 furtLer adv~nee a~ weU s3 to all af,her indebtedneea ~ured her~bq. Not}un~ herem eontained. ho~rever. e~ll limit the ~?maunt eeoure~ by this mor snoh eimwwt ia r t~~e in~erwed by ~advsnoes m~de by Mort~~q~ee. ;s ~ elsewhere provided for to prateot Che eaourity. Tbe word "Mortg~or•• ae ured in thie paragrwph, inolude~ any euveeasr~ss in ownership at the preminee. 16. No deLy by M u? exaroieing aqy ri~ht or temeriy hereunder, or otherwiee s?tiorded b~pLw, ah+~ll aper~te ss a ere ?n w~;iver thereof or Inde t e erereine thereof dur~nig the oontinusnae ot i?nq dehult hereunder. No w~i~ver by Mottg+~ee of any dePsult sh oanetitute s waiver ot or oonssnt to eubee«uent detaulte. No iailure oL Mor~ to ezerniae w0.y opt~on herein given to aooelerate uisturi6y of the debt hereby eeonred, no forbear~noe bp Morte~ee Tore or after the e7oeroiae ot sueh option snd na ~rithdn~val or ab~aue~onment of for~eolaeure proo~eedingr~ by Mort~a,g~ s6a11 be Lr~iten or oonatrued ~ a waiver of ita tigh~ to exeroiee euoh option or to eocelerate the mstarity of the debi hereby eeoured by rt+~an of a~ past, preeent or iuture defsult on the psrt of MortgaRor; wd, in tike m~nnet, tha procurement ot inearanoe or the psy~ ent of taxes or oth~ liene or ohsrgea by Mortg~gee sh~?11 not be taken or oonstrued ae a rvaiver o! its right to ~ooelerste the m~~urity of the debt hereby eeenred. 17. Without a?Seo the liabi}ity of Mor~g~qor or any otherpereon(acoept wy pereon eapreesiy releseed in arritiag) for psyment ot sny indeb~nes~s seo~u~ed hereby or for pertormsnoe ~of sny obligutiou conte?ined berein, snd without sHeoting the nghta ot Mortgagee with respdot to uay eeouri~y not expreeel relessed in writing, lkiortgag~ee msy, st any tune aud from ti~ne n to time, either b~ore or atter Lhe me~tunty of esid note, w without notioe or oonn~t: (a) Releaee axiy perROn lisble for pwym~?t o[ all or auy p~?rt ot the itidebtednesa or for p~tormsnoe of any obli~+ntion. (b) Mwl~e any agreement extending the time or otherwiee altering the tetrns ofp+~yment ot ~?il ar any psrt of the indebtedneea, or modifying or wi?iving aay obligR~ion, or aubordinating, modifying or oEherwiae dewling with the lien or ohar~ hereat. (o) Exeraiae or refnin irom exeroisictg or ~vaive sny right Mortgagee msy tsave. ~d) Aocept additiousl eeourity ot any kind. ,('ey Releaae or othatwiee desl wtith any propertq, resl or personal, seouring the indebtc+dneas, including sll or any psrt ; o? ihe property mort~aged hereby. Y$. ~~eement hereRtter made by Mortea~r and Mortgagee pureuant to thi~ mort~age ehall be euperior to the rights of the holsler a!' [~t?y intervening lian or eneaanbrsnoe. 19. Most~vr hereby ~a~ives ail ~ht of homeste~d ezemption in the property sabjeot to this mort,gs~e. • 2'0. The`apxpna?nte and agr+eeme~ts het+ein aontained ahall bind and Ehe bene~te aad ~dvsafagee absll inure to the reepeo- - tive heire, e~ei~tArs a?dminietrators. euoveesors aad~a~gns ot the partiee hereto. Whereva wied, Lhe~~~ number ~h~ll inolude the p~+al, t,~?e plural the einguLr, rnd the use of sny g~nder sha11 be spplia?ble to ~?!1 ~r?adacs. AII oove~naate, a~ree- meatn snd ul~ert~kin~ shall be joint wd eeverad. In the event ~dciiitionrl numbered eovenaats ~re for oonvenienoe inse~ted ' in Lhia m followin~ the le~a! deeoription, euoh sdditional oavensats shuU be re~d and giv~ e~eot aa thoaah 4ollowing this~oo ~ t m oonseou4v~e order. aI WITNES~ WI~F, the said I~ortgagor has caused thia Mortga~e to be ai.gned and its corpor~ta aeal to be hereto affized in its nat~e b3• it~ ofiicera thereuntc duly authari~ed, the daaq ~nd year first a~are ~rr3tten. Si..gned, Sea2ed and DeZivered~ . .~ft~f'T Gl~VES OU. ' ~ . in the gresence cf ua: . : - ~ ; ~ _ ~ , ; ; ~A ~ . ~ • ~ ' ~ _ . . ¢T '~~J ~?i I'~ . , 1 : ~ ecretarp : 5..t'- • ~j1 S' ~r FT.C~RTDA 1 ~ .t-1±t2 ~ j . , ~S. .C LE RK ) ACiCid~r7I~~~, ~ ~ ,~QU~J~''r, E ^rYT'r"'.L OF ST. , . ~ ) ~ .~flA.. LUC IE B~:'ORE i~~ ttie undersigned, a'totary Pu.blic in and for the Stat,~ anc3 Ccunt~* afores<~.id, an officer duly authorized ta tsake ackno~:lecl~ments of ~?eeds and ~ther instr~.u~~r:ts, ~ersonallf ap~ear~d P,eD,s ~ f,Q,~ y t~'1? ~?"P3'~ I~P.IIT•f ~ nr Ci[~' ~ ~r~~~'.~ ~ • j th~ cornor~.tiar: na.r^ed in the i ore~oin~ instrument, an~ to ~r,e kno:m to be the ?~~rsans ;~:t;c~ ss s~ach officers oi said eor~oration exer.uted the sarrce and a.ffi.;ced ~ ~ theret.~~ fi.he official sea.l o~ said cnrporation, ane~ acknowledged the 8X8C71fi,10Ii and ~~i,~ealir.g +hereof t~ be their free act and deed as such c~fficer5 on behalf ~ oi' an~i '~y .~uthority of s_a.ic~ corp~ratior., for th~ uses and pur_poses therein ' r_.~rti.~ne~, anc3 that said instr^ament is the act ~nd dPed of sai~ corgoratir•n. T`d ;•,'~T~d~;~S ~•.?;~REOr , I r,ave r;ereto set r~~,T har.d a.nd ::~ffi.~eci my offi,a~t~~.. in t'~e Co~.t~ty ~n~i State last af'oresaic~., this da.y of Ju~t,.''•••~••~:`,~ " y. 1~(~~. . ' . : ~~'t,: . ^1li~X t~T'V ~ ~t 1. ~ 6 • • ~ ~ 1 .~~Q ~ , . '•i' • ~~!^~r~ii:=. - i n t~ x p i re ~ My f.orn~ssion E~cpra Mtrc~ i9, 1467 ~ _~d ~r Awwiu~ Fw ~ G++rlry Ca p i . . ii . b ~3 ~ II O