HomeMy WebLinkAbout2680 9, Thst it th~ prlncipal ar intereat on the notr hetein deecribec! ar.any part o! tbe indebt,dners reeurad 6
or intarest t!?eraoe be not patd when dae, or if Mo~q~~~ ~hall taiT' tio pay ~s~ny taxea, assessments~ char~a, or -
tions a~ tbe rsme M~.rome dna and payable, or it default be msd~ in the i'W and prompt pertormance uf an ao~enant
or a~re~
AL ZlE2'E~ll CdA~IRld. or if ?ny pmceedings be in~tltuted t~o abate any nuisance on the 1[or~ Premi~e+s
or it any pso~di~?~s M insututed ~rhieh mi~ht reault Lo the detriment oI the uae and er~ja~raent ot ~~te pr~misar. or
ii ~[ot~~or is adjudicated s D~nkrupt or inaolvent, or if any l~w aha:l be enacted or decision renderM br aay oonrt
of laat resort imposin~ an~r tax or ~ssesrment not aow in eifect upon this mortga~, or the noLe secu:ed bereby~ or
any interest ot Mort~s~ee ~n the Yort~R~ed Premisea, or renderin= moperutive the undertakinss af Yor~a~Or to puq
wll taxea~ sriain~ se a result ot this trsna~ction other than ts~rea an the interest income 6eretrom~ or wh3cb ra~nlb
in the deduction from value ot land, for taz purposea. ai tDe amount of any lien hereon~ os slLerin* the Iswe ior tho
taxin~ of mort~aQes or debte eecured thereby, or if the Mortgagor, witfiout firnt ob4ining the ~vritten consent of t6e
Mortga?~ee, absll grant. bar~ain, eell or convey the Mortgoged Premises or sny pwrt thereof, iacludin~ timber, tbem on
the happening oi sny one or rnore of these events, thia conveyance shall become abeolute and the wbole indbbtedneas
aecurM hereby ahall immediately batome due and p~yable at the oplion of the Morte~ee and tbis mortsase m~Y
thereupon be iorcclosed for the whole ot wid money. intereat and coata, or Ma~ may foreclaee only sr to sums
psst due withaut injury to this morrt~~e or the diaplacement or impsirment of t e remsinder oi the lien thereof. and
nt st~ch forocloeure sale the praperty ahtU be aold aubject to al! remaining items of indebtedneas itad the Yort~a~
may rgxin ioreclaea in the same ms~nner as u~ten sa there be any sum paat due.
10. Ii at aAy time ~tter default by MortEtagor s rereivership may be necesaary in the opinion oi Mortsagee
to protect the lien herro4, or st the time of or after the in~titution of auit to caUert the indebted't~e~s heraby ~ecnred.
or ta foreclase thia mort~sqc, L[ortg~sgee ehrll, sa an admitte~ equity and as a rnatter of strict ri~t and reprd-
leaa ai the value ot the property, or the wivency or insolvency of Mort~agor or any party bound for tbe payment
oi the indebtedneas tu~ve t6e right to the appuintment, on ex parte applicat~on •nd without notice to ~nyone~ by uity
proper court havin; juris~iict~on, of a reoeiver, which receiver shall hwve aU of the broad st~d sifeetive powers
and functiona in any wiee entru~ted by the coart W a receiver, to take charge of, ma.nage, praear'+~e, maintain. esre
for and prot,~et the Mort~age~3 Prtmisea and to collect rents, iseuea,~proceed5, produce, p~rofit, ineome and revenne~ os
the Mort~aged Premises from wbatscever source derived; to make aA necessary or necdful npsirs ~nd to prn~ide !or
the Martgaged Pzemisea aa ~et forth in parngrapha 5 and 6 above, and to market the producta ihereot Rnd rec~ive
and colleci the proceecfa thereof and auch receiverahip ehall, at the option of Mortgs~ee, continue nntil the f911 psy-
men! of wll aume hereby aecured, or until title to the Mortgaged Premisee shall heve p~esed on sale n~der s. lore-
closure of thia mortgs~e. •
11. Should Mortg:?,gor snd Mort~agee heresfter enter into any agreement madifqing os changin~ the terms oi
this mortgage or the note tiecared hereby ~n any particular, the rights ot the parties to duch agreemen! shall be superior
to the rights o! the holder oi any intervenittg lien or encumbrance.
12. Without aftecting the liability of anype raon (other than any person released pursuant hereto) tor payment oi
aay indebtedr.ess aecured hereby, and without affecting the lien hereof upon anv property not releaaed pursa.ant bereto,
Mortg'tgee rnsy at any time and from time to time, without notice:
(a) ftelease any p2rson liable for payment of any indebtedness secured hereby.
(b) Renew the indebtedness, or extend the time, or agree to alter the terma, of payment oi any of the indebt-
edneas.
(c) Accept additional security of any kind.
(d) Release any property eecuring the indebtednesa.
(e) Consent to the msking of any ma~ or plst of the Mort~aqed Premises, or the creation of any er~emcnta
thereon or uny covenants restricting use or occupancy thereof.
13. Ii the indebtednesa eecured hereby is now or hereafter further secured by chattel mort~agea~ pled~ese, con-
tracte oi gusranty, a.saignmenta of leases, or other securities, Mortgagee may at its cption ezhauat any one or more
of said securities and tht eecurity hereunder, eithex concurrently or independently~ And in such ordes as it msy
determine.
14. No del~q by Mor~g~ in exercising any riRht or remedy hereunder, er otherwiae utforcled by law, shsll
opente as a waiver thereof or pnclude the exerciae thereof during the continuance oi any detsult hereunder.
16. That ~he I~ortgsgor ahal] permft the Mortgagee or its repreaentatives to exs~mine and inapect the pren?irea
at any reaaon~ble timw.
This mort`age ~haU inure Lo and bind the heire, legatees, deviaeea, sdrninistrston, executon, sucoesser~ ~nd
nesigns oP Lhe parties hereto. Wherever used herein, the ein~ular number ahall ir.cluda the plnral, the plnral ths
ein~ular~ snd the u~e of sny ~ender shall be applicable to all gendere.
Mo~g~re aha11 be subrogated to the clairns And liena of all parties whoae claiena or liena are diechar~ed or
peid w~ith t e proceeds of th~e loan seeured hereby.
T
~
~ d
~ ~ ~ ~
J J
~ ~
l
~
. _ S
_ r
~r'~ G
c_
w
n
~
~ `
IN WITNI~SS WHER~OF, this moitgage hsa t,een duly executed by the ~ortgs~or.
Si~nned, resled and deli~esed
in the prese»c~e of :
` r t
, ~ /
`~~,~-~z _ ren~e A ~ c'.tenthaler
ui „ )
i~e 1 ie i~iuc]:e tnaler
~
a~ox ~7 ~
~