Loading...
HomeMy WebLinkAbout1520 A Tlu~t it tM ydaeipal or int~rast oa tM e~obi•~edd eribd o~r~afyr•p~st ot tM ind~bt~s ~ttr~d~ or inttr~st tMr~oa b~ aot paW when dc or fi Yo~r~ sWt~tail top~ ~~~.taxes. awe~sments, eh~rrs„ or tioas as tbe anw b~ dw aadpa~a~b~. or K a e~ mad~ ia !M fnll and promp! perio~anN a~ eonnaat ora~e~a~ t hareiA contsin~d. or it aq~ p:ooadiap b~ iastltufied to abats sn~ anirsne~ oa tb~ 1[ e~ Pr~a~is~s or ii anp pr~o~eiin~s b~ iastitnted whkh mitht resdt to !he detrlmeat of Ws nse sadae~! o~~ tM-y~i~ or if 1[or~or ia aqjndkated • bsnkrupt or iawMnk or i! Lw sbaq bs enact~d o= r~udtred~ b~ 1~sty~ ot last resost im~pwia~an~ ta~ or aae~n! not naw in d~iet opon this mort~ap. or tL~ ~oq r~d . or aa~ intesest of li~rt~~ la t6e ~[or~~~~Pt+rnisM. or ~ad~tins inop~s~tin th~ nndartatinp at l[oeftatoe ~o p?~ all tues ar4iM aa s ranlt a! t6is a otbes than tases on th~ inNr~at ino~ms h~teirom. or which r~sdts in dedoetion iroaa m?lue oi land. !or taz pnspae~. of th~ amonnt of ~ay li~ btnon, or alterlns Ws laws for tl~ of mo or debts ~eenred thareby. or ii tbe ldortsasor. witl?ont iirst obtaiaia~ t~ writlen o~ma?t o~ t6~ Q 1[ort~ane. tr~nt, bsrhin. iell or ean~ th~ Yort~a8~ed Premi~es or ae~? part thurof, incladin~ _timber. tbw oa !he !uppenins ot sn~ one or nars o! tha~ wenta, tl~b ooa~s~aaos ah~ll beoom~ abwint~ and the w~N 1ndrD~a ~ecnred lar~by ahall ima~edLtely b~ooerN dw and pa~sbk at tbe optloA of the l[orts~ and this ms~ thereaPon be loreclo~ed tor tM whol~ o! ~aid mone7. intaest and eab. or l[ortta[~ ma~ ior~ebN onl~~ swas p~st dw nlthoat ir~ns~ to this mort~a~ or tM dLpl~ce~neat or impairnaent of tiN r~nuind~r ot t6~ lita tMr~o~. and . at sneh toreclosnr~ wls th~ properqr aLaU bs ~old ~ub~eet to all r~mainin= iteau a~ ind~bt~dn~n aad tM l[oti~,~ nW a~ie lor~elaN in th~ Wa?e manuar as oian a~ tbers bs an~ snm put dn~. 10. Ii atst~r time dter detsnlt bq l[~tga~ r a recei~e:shlp myr bs neassar~ in th~e~op inioa ai Yort~a~e W protect the lien bereoi. or at tbe tima af oi ~itAr tbe inetitution oi snit to eollee! t~M iadebtsdnw or to toreelw~ tbis mortsa~, Yort~ee sha11. as an admitted eqnitr uid as a matter oi sttiet rl~l~and ~ las of th~ ~alae ot the property, or t6~ whreae~r or in~otveacy oi lRorttuor or parl~ boand ior t]w pa~m~nt o? tM iad~btednaa ban tbs t to the appointment, on es parte sppl~~icat3on and ~s nolia to ~qTon~, b7 ~7 proper eonrt banins f a~n. oi w reoeinr. w~ich :eeeiver shall bave aU at tbe broad a~ dfectin po~nt+~ and innetions in an~r wbe entrusted br tbe oonrt to a reoei~er. to Wos ehsrss of. nuuu~e. Piwerre. maintain. car~ ior and profACt t~he Yo~~~ Preanises aad to oollect renb. issne~.~prooeeds. Prodnoe. proflk inooms ~ed r~tao~s o~ tbe Yort~ased Pre~ni~es ~ropa wbateoever ~oar~ deri~ed: to mske W neoessary Qr nesdiul repairs and to yro~ld~ !or tbe Yortga~ed Premises. ~s lo:th in para~sphs 6 and 6 above. and to market tM prodneb thereo? snd reeei~e and eollec! the proo~s t6e~ and snch reoeiien6ip sbaII. st the option of l[ortgs~es. oontlnw untll tb~ ibApa~ ment at all snm~ hereby ~ecured. or nntil titls to tbe ltortgs~ed Pr~i~ea sLaU h~rs paaNd an sal~ nnda a io~ closnr~ a~ this mort`~a. il. BLonld Yort~a~os wnd Yo here~iter enter into aqya~ree~ t modifytn~ or ebant[n~ t~~bs term~ ad this mo or the noa aernred b~sny ~articnlar. the righta oi tLs parties to snch s~e~eem~t sha11 b snpMor to thi ~oi the lwldar a~ soy int~anrenins liea os anenmbnnoe. 18. Witbont aftectint !he liabDity oi anypereon(other tlun aay persoa released pnnuant hereto) for p~yaaent a~ anq indabtednesa ~ecnred hereby a~ withont aifectins the lien hereoi upon any property not rekud pnrsnant ~reto, Hortsa`es ~asy ~t any time sn~ from time to time, without aotice: , (a) Release aay person lisWe for paymeat oi any indebtednaa ~ecnrsd hareby. (b) ~ ths indebtedaea, or e~tend tbe time, or a~re~ to alter tba terms. ot payment a~ a~ o~ tLt ind~bt- (c) Aaept additional ~ecndqr oi any lcind. ~d) ~7 P~i't3? ~eentln~ tiw iade~sdaets. (e) Con~sat to the makins oi ~ nup or plat a~ tbe ldortsated Prea~ises„ or th~ erestbn oi an~ ~eab thereon or any oav~unts restrictin~ na~ or oocnpsncq tbareo~ la. If the indebtedaea ~ecnred bereb~r L now or hereaiter i~u~tber aeeured b~ chattel mor~~i~. D~i'd. tracb oi twrantY.~s~n~n enta oi lea~as, or otber ~scnrIties. l[ort~a~ee may at it~ option ahsost a~ oa~ or wors o~ ties and tbe seenrity hereander, eitber oo~eurnntly or indepsndent~Y. aad in soeh ord~r as it may 1~. No delay b~ l[ore~aaee ia eacereisfn~ an or renaedy Laraunder. or otMrwise siforded b~r Lw, sball operate as a waiver thereoi or preclade tha ~ t~~ereol dari~ tha oontinnanos a~ aap detadt het~euader. ~ 16. Thst tbe l[ort~a~or sball permit the ldortga~ee or i4 sepraen4tives to euamine snd inspeet the premi~a j st aa~ rea~onsb1e tlmes. f T6is shall innre to ind bind tbe beirs. legsteea. dev~sees. admtnistrato=s. ezeentor~ saaeaaor and ~ aadS~s ai tbep~ j~ bereto. Wher~rr nied berein the dn~ular nnmber absll inelude t6e plnrai, tbs ptonl tL~ ~ sin~nlar, and the aas oi any cendes ~all be app~eable to all ~enden. ' Yort~agee shsll be snbrogsted to tbe eLims snd liea~ ot all p~rtiea whwe eLinss or lieos are di~ebaipd ot paid with the proeeeds oi the lwn seeured hereb~. ~ 1N WITNB3.4 WBSBSOF, tbis mort~a~e Las besa ddy eseeuted by tbe Yort~os. 8ka~d. w1~d and ddi~erd ~ i tb~ pr~ao~ a~: . ~ ' , ~ ; ~ ~ t~~ c ~ 8=lIIOII ~ ~ - Ca,~, ce..n : ~ = r .1 Betty B. Can=wn ' 1 0 R ~ ~ ~0~145 318 - ~ s _ ~ - - ~ ~ ~ti:~ ~ -