HomeMy WebLinkAbout2649 . 9. Tbst ft tA~ principal or inbrast oa tl~e no~s hsrsin dMeribed or +u?.Y Part oi tbe ind~bbd~ws Mcur~d ~
or ,intrs~t thereoa be tatp+?id whan doe, or ii 1[o~~o
r s~all iwil top~~ a~_~n~ taz+~, we~ASeAth~a~r, ~
~ tions ~s the ~me beeo~?e due ~ad paysW~. or it drfia~t ~ m~ds in L!?e'!hR MRd prompt Derformanw of - oownaat
or nt herein ooatained. or it wny proosedi~ars ba inetiLuted W abwte ~ny nai~ano~ oa tise Yo Px~nis~s
or i~p:~oc,tiedin~s ba institnted wbiel~ mi~t rasult to t5e datrimenC oi tha we and e~o~sa t ad ~r~iNa, e~
it l[or~asor is ~?d,iudicated • bankropt or inwlveat, or ii any bw sball be Mn~ctsd or dec~sion t~~ndaredb~ wq~ eonrt
~
oi last rerort im u~ tax os wea~m~nt noi now in df~ct upon tl~h rnostsar, os tM no~ ~eearod ~r~b~. or
any inbrMt oi ort~a~ 3n the Yartsa~d Prea?isas, or rendesinr inoper~tire th~ and~rt~kie~+r ot 1L~ ~o pa~
•ll taus uisit?~ u a resnlt of thb LranracLiort otber Uu?n taxes oa tLe iat~rart inoom~ Mr~iram, or wh r~sdla
in tbe deduetion from ralw oi Lad. for but pnrpo~, ot !be amonnt oi any li~n Mreon, or alt~riM LM lsw~s for tM
tsxin= oi mort~a~~s or de6t~ s~cus~ed tha~by~ or it the l[or~:. wittsou~ fint obtatni»~ tM writt~a ~
tt~ ~
Most~~e. ~ha11-trat?t, bartdn. ~ell or e~nw~r th~ l[orlp~ed Pr~nias or aa7 W~rt th~r~, ~
ths ha p~nius ot any oe~ or morr oi tM~e ~wnb. thb canc~nYanw skali b~com~ ~bwlab and~th~ wbo4 iAdrbbdaw
u
Durby tba11 ia~m~dia,tal~r b~oom~ dw ~?nd p~ysbl~ ~t tM option ot th~ Yorf~~ and this mai?
thu~wpon M ior+cla~d ios t~ whol~ ut ~id n~s~h iabrest aad cab, or l[art~w ~y lor~eloiw oob~ p~o wmr
yast da~ writhont injur~ to tbi~ mor~r or tM dispLo~mant or impairm~t oS !b -raeu?ind~r oi th~ lka W~erof~ atM
at ~nch iw~elorur~ ra4 th~ yrop~rty ~al! b~ wid sabj~t to ail rn~nin~ it~ 01 ind~ s~ t~ ~
may ~in lor~cloN in tb~ ~am~ msnn~r a~ o~n a~ th~ b~ snY snm put dn~.
10. Ii ~t sny tim~ atter ddwlt b~ D[or~a~or~ reeei~enhip nu?y be neeea+?ry in t~he o Won a~ ]Lort~a~w
to pmtect ths lien bereoi, er at the time ot or aftar th~ tn~titution o! ~nit to c~aU~et th~ in~w ha~ ~eor~d,
or to ioreicloN thi~ mortpq, l[orfr~ ~11~ u an ~dniitt~d puih+ and ~a a~tbr ad ~trict rf~t aad r~rd-
lesa oi ~ha v~lne ot th~ roperty~ or LF~ wlreney ox insolvency o! Morttator or anx p?xt~? bunncl ~oar i~ p~t
oi the iadebtednen baw ~ r_
I~ht to th~ appointanent~ on az parte spplicat3on ~nd Mrithout notlo~ W at~on~. by atiq?
proper court ha~ins ja ictioa. ot • aeoei~r, wbich zecei~er rball hRVe ~11 oi tha broad ~nd dl~ctin po~w~ra
r
and innctionr in anp_wi~s ~ntrnsted by the ea~rt to s reoeiver, to take chsr~ oi~ Pr+~srw. msint~in. eue
for and protect t,~?~ D[ort~ca~ed Pnmi~es snd to eollect rents, issnes. P:'a~eds. Produee~p t, lrice~~ and rer'~nuM a~
the ~Iortra~ed Prfmi~e~ i whaboswr wnrse derired; to make aA necessary or aesdtnl sep~ir~ and m prn~id~ for
the ffiort~a~ed Premis~s ~u ~ forth in para~raphs 6 snd ~ above, and tn rb~?rket the prodncb t~?a~o2 snd t~eeih
and ooliect the pmoeeds therea? and ~nch recetvenhip sbsll, at the option of Mortga~ee, contlnne nntil tt~ lnllp~
ment oi a?II aums hanby ~ured, or nntil tiUe to the Mortgseed Premises shrll have pas~ed on ~al~ nnder s tore-
closure ad this ~ort~ase.
11. 3hould Mort~ag~or snd Mo~~g~e he~?iter enter into any sarnement modiYyinQ or ehan8i~~tbe ~oi
thie mo~ ar the note aecnred henby-in anp p~rticular, the rights of the parties to ~och aYreensent be su
W the ng b oi ihe holder oi sby intervening lien or encnmbnnce.
12. Wit}wnt dfecting the lisbility oi anype raon (other than sny peraon released puisnant hereio) !or pRyment o!
sr~y indebtedneas euecured heaeby, and without ~ifeetin~ the lien hereoi upon any propezty not nlea~ed pnnnant baraLo~
Mort~a~ee msy ~L ~?ny time snd irom time to time, withouL notice;
(a) Release any person liable for payment of any indebtedneaa secured henbp.
(b) Renevr the indebtedneas, or eztend the Wne. or a~ree Lo alter the terms~ oi p~ytnent oi any of tt~ indebt-
ednesa.
(c) Accept addiLional aecurity of ' any kihd.
(d) Release any pmperty securing t,~e indebtednesa.
(e) Consent Ln the making oi any ma~ or plst oi the Mottgaged Premisea, or the crestion of ~ny ea~eme~sta
thereon or any eovenanta restrictin~ use or occupsncy thereoi.
13. Ii the indebtedneaa aecured hereby ia now ar heresiter further secured by chattel mort~a~ea, pledg~ai, oon-
tracte of guazanty, sssignmenta of lesaes, or other securiLies, Mortgagee may at ita option exhaast ~ny one or mon
oi eaid eecurikies and the seeurity hereunder, either concurrently or independentZy, ~nd in such order as it msy
; determine.
J 14. No delsy by Ddortgagee in exercising any riR'ht or remedy hereunder, or otherwiae alforded by lsv~, dball
operate aa a vesiver thereof or preclude the exercise thereoi during the continuance oi any deSault hexeunder.
16. Th~t the ffiortgagor ahall permit the Mortgagee or ita representativea to examine and inapect tbe premieea
st aay reaeonsble timea.
Thia mortRa~e ehall inure to and bind the heirs, legatees, deviaees, adminiatrators, ezecntors, snoaarsore and
aaeigns ot the partiee hereto. ~6'herEVer used herein, the ningular number $hau include the plnral, the ptnxal the
eingular, and the use of any gender ehsll be ppplicable to all g+endera.
Mo shall be aubrogsted to the claims tnd liena of all parties whose clAims or liene are diseharQsd or
paid evith~t
e~proceeds oi the loan secured hereby.
~
1
,
~
!N WITN~SS ii'~IF:REOF, this mortgage haa be~en duly executed by the Ido~
~
3i~ned, sealed snd deli~ersd ~ ~.~-C =~---(S'r'~i~)
~n ~ Alex DeutsCh
' ~
4.. ~~'Z,~ ( S F:~~L )
araor eu sc ~
z.. _
f " s c~, J
, ~5~~'.~~ SCTl
~ndfvidsalxy and as Ca--Partners
d,~b/a THE 17EUTSCH COi~ •N
~~s n~.-Z-n„r~._~' _ ~f ..C.i' ~ S EAL )
~ g~ y U. eu sc
~i : '~-~..r~- ~a R •
. nOC~