HomeMy WebLinkAbout1531 Tha! it tM prineipal or it?tsnst oa tM noh 6~reis dacribed or ~ y ot tM ie?d~bbdnMS Near~d ~
or iat~rrt t6~r~oa b~ not W whse dn or K Yo
tloas a~ tlrs ~ b~eoaw ~w .ad~ or it a oi~i~~i ~thew~uu ~p~rtorim ~ao~naat
ora~re~en
t berein oontaiaed. or aa~ pivosediap D~ titu to abate an~ nni~ana on tbs Yar~a~ PraaisM
or ii W proasii bt ieutitated wDkh enisht rault to tbe detrlasent ot the nss aad ~o~n~
! o! tM ~r~ad~. or
it ~tort~a~or b ad~udkaLed • baakrupt or iasolvenk or li aa Lw ahall bs eaacted os de~~sioo ~r~d aa~ oonr!
oi lsat raort imp inraa~r ta: or as~a! noR ~ww ia et~ict npon t1~is mortpp, or tbe noh ~ ha~b~ os
aWr inLeewt oi 1[0
~rtis~w in t!N ]iLortsa~ed Pami~es. or reAd~rint iewperatin th~ nndt~rtskinp oi Y ~o ya~
•Il tua ar4lut u a ranlt of this trRns~etion ot6er t~sa tazes on the iaterest inooms herefrom. oai~ whkb r~snlts
in t6e ddnctbn feom ~aln~ at laad~ for tnc pnrpo~es. oi tb~ smount of any lie~n Mreoe~. or altatn~ tb~ law~ tot tlN
u
wciu~ oi tao or debta ~scnr~d tMr~Dy, or ii tbe ldortgs~Or. wlthout fint obt~inia~ t1~ writ~ eom~at a~ t~
l[orfi~. t~~. b~KaiA. iell or eou~ the ][ort,~aSed Pra~niies or aq~ part tbereat, ie?el~timbu. tba~ 04
ths lupptains ot se~ oa~ or nwr~ at tbsN went~. thb ea~~eyance shall bsoome abolat~ at~d th~ w ~bq~
~ecured ba+by sball ima?~dbtely b~ooms dus and psy~bls at !hs option o! the Yortsa~e~ and t~
tLerenpon b~ loreelo~ed tor tM whol~ of said moaey. intezest and oosh. or 1[ort~e~ a~a~ for~elw~ onl~ ai £o ~
at~sncah
t~nr~iab~the pr~o~
sball~bs~wld snbject totall irem~siiai~ i~ a~
~~t
d
ea~ind~ Y~ortSt~
ma7 ~is forecla~ in tM sWns msnner ~ ct`ea as tbars bs axy swn p~st dna
10. Ii atat~ tims aiter deisnlt by ~[a r a neeivership may be oecewry fn tb~e op inioa a~ Yor~sN
to prot~eet the liea hereof. or at the time at or=s~r the inatltutIon of anit to colleet t~ indebwdoer
or to forecbss tbis mosf~ap. Yort~as» ~hall. u an admitt~ed puity aad as a matta a~ strkt sl~6t~iu~d ~
las o~ th~ vRltie ot the p~. or t!r ~ohenc~ or insolven¢y oi Hort~a~or or sn~ parb bonn~ ioe t~ pa~mmt
02 th~ ind~bt~dneM Dan tb~ to tM appointanent~ on en parte appl~~ia?tion and witlau! uotlot to an~ot~ b7 aiq
prop~r conzt bavipi lnribdk~n. oi a reoeira. w~kh receiver s4aU luve all of t1~ broad ~d dt~etin po~wets
and lbnctlons inat~~ wbs ~ntrs~sted b~ tiN ooart to a reaeiver. to lake chsr~s oi.mana~, Prwm. meattntafn. ear~
for snd proteat th~ l[ort~e Prarai~a and to oolleet rents. isenes. prooeedti Psoduoe. profll, ineoon~ s~d ~noM a[
the Yort`ased Pread~es ~c-aqawbat~OeNr ~onrce desi~ed: to nu~ke sII necesaaqr or ne~Kni rspairs and ~o pro~W~ tor
the Yort~sed Prerniia a~et ~o~ttb ia pwr~a plu 6 ared 6~bove. snd to n~srket the pzodncb tbereo? aad reoetn
•nd oollect the prooee~s th~reo~ snd snch reaiiership sbwll, at the option oi ldortga~. oontinn~ nntil t1N ihll~
meat a~ aU snnu bereb~ ~scuted~ or nntil titb to the 1[ortga~ed Premisea shall h~v~s paaed on ale nnda a lora
clowtr a~ t6is mo:tsa~.
ii. Sbonld Yortss~or and l[~~~ hereaiter enter into anya~ree t modiiyin~ o:~ ehsn~in~ __tM bem~ a~
tbis mo or the note Nenred inat~r particnLr. the si~hts oi tM~partia to sneb atn~m~at abaA b. sapa~os
n
to tb~ ts o! t~ hold~t a~ as~ iuterteain~ lien or en¢ombnnoe.
iS. Wftbout atieetlar tbe liability oi anyperson(other than any peraon relea~ed pnnoant Mseto) for pa~aseat oi
.ar tnaebt~eanas .ecurea earebr and witbout affectie~ the lien hereoi upon sny property not rtlc~~d pnrsoaat ba+eioy
Yorts~ mqr s! any time ana iroa~ time to time. witLont notice:
(a) Releus any penoa liabl~ for p~~meat oi sny indebbedness secared her~br.
(b) ~ tM ind~btednw. or ~t~nd t~ tlm~. or ~ra to alt~s tM trrm~, c[ psy~at at an~ c~ t6~ ind~bt-
(c) Aexept additbnal wcnsit~ oi sn~ ldnd.
(d) Iteleass any Dropest7? teca=ins ths indebtedness.
Con~sat to th~ makin~ o! ~ny msp or plat oi tLe l[ozt;sged Premi~es, or tbs esatioa a~ a~ ~b
thereon or any eavenanL restrictinr ~ua or oocupsncq thereo~.
13. Ii tbs indebte~ ~eenred beseby b now or hereaftar inrther seenred b~ ebattel mos~. Pbd~M. eou-
trach of snaranty. wi~nm of ksfes. or other ~ecnriti~. l~iort~a~ee mty at itr optioo ezhanstaa~ a~ or mor~
~ and the ~teenrity herennder, eitber ooacnrr~tly or indepaad~atl7. and in soeh osd~r ~s it msy
14. No delay b~ l[ort~asee in euercising any sytht or nmedy bereander, or ot6~wiw aito:ded bp law~ sba11
opetate as s wai~er thereo! os pr~clnds tha e:ereia~ tbeseoi ~nrias the oo~ntinnanoe a~ aq~ d~fanlt ber~md~r.
16. T6at the l[ort~s~or shsll permit the ldottasgee os its rspraaea4ti~a ~o namin~ and inspat tb~ premi~es
~ at ~nr rea~onabk tlmes. -
~ e
~ Tbb shall innre to snd Dind the bein, legatces, devise~a, administrato=s. e~ceartoss. saaewoes ~ad
~
a~~~~ ~herato. Where~er wed henIn the sin~alar nnmber shall inctod~ tM plnral, t~ ptaral tlw
~ y trnder ~all be ~pp~kable to all ~enders.
• Y~~ sball be snbrogated to tbe elsiws and liens of all partks wbwe eLims or lieas ue di~ebarpd or
~ paid with~ t~e proeaeds oi tbe loan secnred 6ereby.
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