HomeMy WebLinkAbout1540 Tha! K th~ yrladpal os ial~rest on tM oot~ D~reiA de~eribsd or aay par! at tb~ Ind~DbdnMS ~red ~
or int~ewt th~r~on be notpa id ~rhen da or i! l[ n~sU tail ~a~ny d~Mr aae~sa~eot~. or
tions a~ t1N um~ beooaa dw sadps~s~, or it an t N tesas. ~ fnll ~~p~t ~
ota~n t berdn oonbiAed. or ii aqy p:oosediap b~ institiut~ed ~'abate •~aisano~ o~n
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or ii aa~ p b~ in~titated whkl~ eai~ht result to tl~ detrimeat oi the ws a~d o t ad ~ or .
ii Yost~asor is udkated s bankrupt or in~olvent, or KuUr 1aw ahaU b~ ensctsd or ~~r~ad~r~d ~ e~urt
ot last raort im~~an~ tss or aaa~eat no! now in eiieet npon Wi~ mw~s~s. or t6~ no~ ~b~. or
any inbr~st of Yort:a~ in tlw Y~ ~'eemiaes. or seAderlns inoperati~n tb~ undartatia~s oi l[~~~ ~o pq
~ll t~us srbin~ u a rault o! t~i~ nsactioa otl~er th~n tasa ~ th~ intuest inoom~ bardroai. oe ~t~
in LM ded~etioa
!~m ~aln~ at land. ios t~C purpose~ o! ths amoun~ of aAy lie~ ~a~On, or altai~ th~ Lwi fos tM
wcins of mor~ or debL ~ec~s~d thareDy. or if tl~e 1~ort~a~or. withoaL first ob4inias t~ writt~a coewnt at tM
ldortsas~s, shal ~ran~. barpin. ~ell or ooate~ tbe ~[ortssged Premises or aqp p~tt th~reo~i. i~?cly~~ timb~r. tbm a~
the bapp~ainj ot aeq one or mor~ of thas weAts. this conveyance sLsll beoom~ abwln~t and tM wbol~ iadebt~w
se~nred hereDy aball immedistely b~oome dne aad psyable at tl~s option oi tbe 1[ort~ases and tbi~ mo~~~ ma~
thereupon be loreclo~ed for tl~e whole oi said moaey. iatereat and casta, or l[o msy lorseloN oal~ ai ~o saau
paat dne nit~hont iq~nr~ to this mort~ss or t6e dispLceine~t or impairment oi~remainder oi tbe lim thareo~. and
at sneh foreelasure s~le the properqr ahall be wld snbject W all rr~aainin= items oi fnd~bt~dnw ar~d tb~ Ya~t~a~
ma7 ~ain loreclwe in the ssme aunner ~s otten as tDers bs any sum psst dae.
10. Ii atan~ time after dafanlt b~? l[ori~apor s receiverahip may be nee~sary tn~inloa a[ Yor~a~ee
to p~rotect the lien bereoi. or at ths time oi or dter the iaatitution o! suit to collect tlu
or to forecloN this mo~~e. i[ortrage~ shaU, as an sdmitted equity ard s~ a mattes a~ strkt ri~t~ind ~
lesa a~ the ~alne ot the propesty~ or tl~ wl~y or insolvency oi l[ortsa~or oran~ p~ bou~ ior t6~ p~me~t
o? tM iadebtedaea 6a~e tba - f to tbe appointme~k on as parte spplicatbn and witbont nM~ie~ to anyon~, b7 W
propa~ oonr! ba~in` f n n, of • reoei~~ whieb seceiver shall have all os ths braad ae~d diedtn pdw~
and tn~ctions in any wise entrust~d DY tb 9ptrt to a seoeiver~ to Wce ehaz~e ot~ sna~s. Prasrn. autntain. ear~
for and protect !he D[ort~a~ ~n~~ at~d to o~IIect rants. isaues.~prooeeds. Prodacea, proiit, inoome aud r~t~anM a~
the 1[ortsa~ed Premises ~rozq wphabosra~ sonroe derived: to mske :Il necesassy or needinl repaira and bo pro~W~ !or
tl~e l[ort~ased Premi~ aa ~et losth in para~a
ph~ 6 and 6 above, and to m~rket the prodnets thereo~ and e+~eeih
and eoUect the psoeeeds tbereo~ and snch reai~arahip shall. at the option oi l[ortga~as, oontinns nntU tM tollpa~-
ciosnrs a~ t6
~mo~. or nntil titl~ to the Mortgaged Premises abaU b~~s pa~~ad oa aM nnd~t s iozr-
11. Shonld Yortsa~or and Y~rt~ace~ bereaiter antes into ~nys~em
~emodiigins or eDaa~[n~ ~
thia mort~ os the note ~eenred re6y inanp particnlu. the ri~hts oi the n' t~ sneh ste~eeo~a ~hall
to the rl~~b
o! tLe lwldes oi any inter~sains lien or encumbraate.
18. Withont diect~ the liability oi anype
raon (other than any peraoa nle~aed pntanant l~reto) ior paymeat ot
s~y indebtedness sccured hereby st~d without afiecting the lien hereof upon any property twt reka~sd pnnnaat Lere~o,
Yort~aa~t,s msy at an~r time an~ irom time to time. wit6ont notice:
(a) Release any person liable for papmen! o! ~ny indebtedneas secnred bereb~.
(b) the iadebtedness, or eztead the time, or sgree to alter the terau, at pa~ent a[ an~ oi tbs i~.
(c) Aaept sdditlonsl aecndq of any kind. ~
(d) Ralesee anY D~P~Y seenrin6 tbe indebtedness.
(e) Consent to the enaking of ~ny msp or piat of the Hortgaged Prrmises, or tLe enatioa a~ sa~ e~sea4e~b
tl?ereon or any oavenants reatrIct~n~ use or oocupancy thereoi
13. Ii the indebteda~s secured hereby is now or bereaftrr inrther seeured by cbattd mort~ares, gled~w. eon-
tncb oi gwnnty,aaugnm
ents oi leaaes~ or other aecurities, Mortgag~ee may st its option euhiwt up one or mors
oi~
i~~ ritiea and t6e seenrity hereander~ eW~er ooncnrrently or indepandently. and in soch ordsr as it msy
1~. No delay by l[ort~agee in eurcising any ~ht or remedy herennder. or otherwhe atioided by Lw, shall
operuts o a wsfver thereo! or pseelade t6e ezereise thereof dnring ths oontinnsnos o2 sny ddsak bet~sander.
' ~ 16. Thst tbe Yo:taa~or sball permit t]~e 1[ortgagee or ita rePreaenLtivea to e=amine and inspeat tbs premises
~ st aay rea~onsbk time~.
E T6is shall innn to and bind tbe beirs, legatees, devisces, adminLtratoss. e~oecatorti saaee~oes and
~ adtns ad t1~sn~~ bes~a WLera~er nied berein t6e ~in~ilar nnmber shall inclod~ t~ plntal, tb~ phtnl !h~
sin~ul~s. and t6e ase oi snY ~ader shall bs spp~icable to all genders.
Yort~a~es shall be snbrogaLed to tbe claims snd lieaa of aU partics whase elsinu or li~s sre di~eb~rpd a~
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paid with the proceeds o! tbe loan ~ecnred hereby.
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3 w:.: IN WITNB&Y WB8I~SOF, t6is mortga~e has beea duly ~eeated by the Yortsqor. ~ o +e • o,
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d~ o~ Si~n.d. Naba.nd ddi.er~d :'•~•'Gr~~~
~ z ~ m $ is tbs prwna ot: ~ ~
= ~ t o ~ •~:::..,~~u •
: ~ a o - BLUE GOOSE OWERS ~ INC. :
~ By: ~
~ en
Attest : 1~M
ecre ary
Q~145 ~'~g
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