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14. !f the indebtedn~a seourAd hereby ie now or hareefter.fwry6~
eeu~d by e~~Li~el mortga~es, pledgee, oontraots ot
uarsn~y, assi~nments oi teaees, or other eeourities, c~r if ths premieee hereby ene~unbered oonuata of more thaa one p~?reeJ,
i n
~ , ortgagee m~?y st ita option ezlu?ust sny one or mure of said seourities wnd the e~eoarity hereunder, ar ruoh pwroela at the
seounty hereunder, eithar oonourrently or independently, and in auoh ordc~r ~s i{ m~v deLermine.
15. Upon uest af Mor r, Mo~tgagee msy, ~t ite role option, from tima W time betnre teill pyvrueat ot aIl indebted-
req ru
nesA secsured hereb~+, meke furt er sdvwaoas to Mortga(~or; ~rovided, however, thst Lhe tutal prinoipal eeeured ha~e~b~.y aad remsin-
iag unpaid, rnoluding suoh sdvauaoee, stu?ll not st anq tUme exoeed tha prinaipal awn seoured heraby. Mar ehW
a~y m tg~r
e~ceoute and deliver t~ Mortgagee a note evi~enoing ewh and every euoh 6er ~dvanee whioh Mortgwgee m~yr m~e, sneh
note to be ~y~ble on or betore maturity oi the indebP,ednesa seoured hereby and to oonE~iu eiueh t~ernu ~?e Ddor~a~ee ah~?ll
require. MortQag~or ahwll pwy wU euoh [urther ~dvanoes with intere~st, and Lhe esme, and e~ah nute evidenoinQ the tame~ shall
be eecured hereby. All provisiuna at thie mortgage shstl app~ to eaah huGher advqnae ~s ~vell w~ W a11 other indebtedaeds
seoured hereby. Nothing hervin eontained, Lowever, shall limit the amount seoured tsy thin mort~~ge ~t eneh ~mount i~
inoreaeed by advanoes made by Mortq~gee, as herein eisewhere provided far to prot~at the eeouritq. The w~rd "Mort~agor"
as used in this paragraph, inaludes xny euooaeeor in ownership d the premisee.
16. No delay b,y Mor ~gee in eaceroieing sny ri~ht or remedy Lareunder, or other~vise sitorcied b~y1,w, shali operste as s
waiver thereof orpt~olude~~
the exeroiwe thereof duruig the oontinu~?noe of say defanlt hea~nder. N wn?iver by Martga~ee
ot iuny defsult ahwll oonstitute s waiver ot or oonsent to su~ uent defaults. Nn faileue of M W exeraise any optaon
herean givetx ao aqoelerate m~turity ot the debt hereby seoured, ao torbearsnee b MarCg~ee ore or atter Lhe eaeeatse of
suah option and no withdrarsl or absndonment of fae~ealasure proceedinga by ~ar~ gh~?11 lse, t~?Jrett ar oonstrued ae a
wuver of its right to ezere+ise suoh option or to awaelen?te the msturity ot the debt e~by senue~d by reason oi ~ny pset,
preeent or future detsult on the part ot Mortgagor; and, in like msnner, the proaurement ol i~sut~nae or the paym
ent of ta?xes
os other liena or chstg+ee by Mortga~ee aha,tl not be taken or oonstrued sa s wauve~ of ite right to ~eoelerste the msturity ot
the debt hereby seoured.
17. Without s8ectu'?g Ehe liability of Mort~sgor or sny oGher ~eraon (except ~ny pergon expreealy rele~sed in writing) for
pryment of any indebte~dne~ aeoured hereby or #or pertormanae of an obligation oontsined herein, and without affecting the
nght~ of Martgagee w~ith respeot to ~c?y aeourity not expresaly rel~in wrattng, Mortgagee may, at sny time snd from time
to time, either before or attea~ the maturity ot said note, and without notioe or oonsent:
(s) Relewse snq person liable for p~yment of all or auy part of the indebtednees or for performsnve of any obliga,tion.
(b) Mt?ke anq agreement axtendiag tha time or otherwi.ge altering the terms ofps yment of all or sny part of the
indebtedness, or modifying or waiving any obligstion, or subordinating, modify~inq or otherwiee desling with the
lien or oharge hereof.
(c) Exeroise or refnin trom exeraising or waive any right Ntortgagee may have.
l.d) AooepE additional security of i?ny kind.
(e) Relesee or otherwiae deal with any property, real or personsl, eecuring Lhe indebtednees, including all or any part
of ths property mortgageci hereby.
18. Any agreament heree?tter mRde by Mortgsgor and Mortgrgee pumuaat to this mortgage ehsU be superior tn the tighta of
the holder of any intervening 6en ar enaumbraaoe.
19. Mortgagnr hereby wi?ives sll xti~ht of homeetssd ezemption in the property enbjeot to this mortgage.
20. The oovent?nt8 and a~teements herein oontained shall bind and the ~.ene8te and sdvantagee absll inure to there~pee
tive heirs, exeoutors, administrators, suooeseors a.nd ass~'gn~ ot the partiee hereto. Wherever used, thee~nguisr numbeer shail
inalude the plural, the plural the eingular, a~d the uee of snq gender shall be spplioe?ble to sll gendere. Ali ooven~nta, ~ree-
mente wd undartakinga ahall be joint wd eeveml. In the event additional numbered ooveasnta sre for oonvenianee inserted
in this mortga~e followin~ the lagal deeaription, euah eddition~J oovenxnta ahell be resd ~nd given e8eot ss though following
tl~ie oovensnt in eonseoutave atder.
IN WITNESS WT~EREOF Mortgagor has caused these presents to be signed
by its duly au~horized officers and its corporate seal to be ht~reunto
affiaced as of the day and year first above written.
Signed, sealed and d~livered LAKE SHERWOOD GROVES, INCORPORATED
in the presence of: ~
,
i _
~ ' By: ~
~ Fre ident
.
Attest: ;,`'`"~.:`j . .
~i~ r. Y - - - t?~ [7 ~l C D ~l ' - . .
. ~0K _ ii
LV C~Qy ~-rLf~~ //~'`1~~ C . , ` ' .
l L U
yG5 Zz ~::~1 ~l' • ~75 ~
. ~ ~
STATE OF MIS~OURI . . ; r.. .
COUNTY GF ,5~. ~ i
. ,
Sefore me persoizall.y app~arec? '~iATTHE~~F F. MUIR and GRaCE L«'7~I&~~:-~~~
to rne well known, ar~d known to me to be the ir.dividuals ~descx'ibed in
and wno executed th~: zoreeraing instrumer.t as Preszdent and Sec~etar~
of the above narneci L.AICE SHERt~lOOn GROVES INCORPORATED, a Missot~~~. `
corporation and severally acknowledgEd to and be~ore me t:~at, .the~~~,
executed such in~trument as such of.iicers of said corparatton, ~nd..
that the seal afiixed to tne foregoing ii~strumen~ is the ccar,pbr,a?te.•. .
seal af said corpora~ion and 4nat it was a~fixed to said inst~iu~erit.
b~r due and re::gular corgorate authority anc~ : ha~. 5aid ~ nstrument is .
tnc ir~e act anc~ d~ea o? s~id corporatxon.
~
~~Z'I'A1~SS .;iy hand and o`_ticial seal this_~~da~ o~~ Decc~mber, 1955 .
~
_ , , : , ~s'/Z~-~/N~`vL?
ot~ry Public `
, 8ii~~ 4~ My cornmiss ~on expires :/~,~/t~ f