HomeMy WebLinkAbout1544 That it tM pdneipal or iatarest on tM aote ~Srein dMeribed or aay p+rt ot th~ ind~bt~dnMS ~r~d b~
or int~r~s! thsr~oa b~ notpa id when da or K 1[o fail to W anY ta~ces. a~e~b. ot
tioas a~ tb~ s~a~ b~oom~ dw and~p~~, or i! d~ ~a8~ ia~ ~~M D~Dt p~dors~nN~ oo~oaat
ora~t~n t her~in oontaieNd. or if aV D:~ooeallnt~ be i ~IOd to ~bi ~g nniwao~ on tbs Yae~~ Praaiw
or ii ~ proo~eli~s b~ inatitnf~sd whkA mi~! resdt to t detrinient ~t6~ n~ and~o
~m~a
t a?
ii 1[ost~a~or is W~ndieated a baAkrapL or inwlva?t~ or Kan~ l~w sh~lt b~ ~aactd or dee3~ka ra~d~r~i ~eoart
o! last reeort im tas or aaa~ment uot now ir~ dfat npon tliis mo~tsap. or tL~ Aob ~ 1»r~b~. or
aa~r tL
an~r int~rNt ot ort~atw in tM Yorl~~~~Pr~misM, os r~ndarin: inop~r~ti~s t~ nnd~rtskin~a ai Yo~e1~ Lo ya~
i~n Lhe~dedoe~tio~irom
~ue
oi
lisn~d. for t~uc Pnrpaes. oi
t~he a~n~oi
an~
li~n h~reon. or
alterii~is t~6~`~ Lws i~t
i
tuiot ot mort~a~ or debb ~scurd ther~b7. or if tbe Yo~taa~or. witlwu! lisst obtainin` tLe wrilten oonseat a~ t~
l[ott~ases. spu irank b~s~ain. ull or eoa~e~ tM Yort~a~ed Premt~ea or aa~ part thereoi. ineludin~ _timbr, tD~n ou
tbe happenint of an~ ona or mors of thas wenb, tlris ooa~eyance ahsll beeoaw ab~oluL~ and t1N w1~oN fndrbodnw
secured bsr~b~ ahall immedLtely beeom~ dne snd p~yable a! the option oi tbs Yortsa~ and tbb mi?~
thenupon ba ioreclwd for ths wLob oi ssid mooey. intacat aad eats. or l[~rt~a~s mq ior~elw~ o~ snms
past dne withont iq~nr~ to this nastsap or tM dtspla~aent or impairraent of th~ reauiAder oi the liea tMreo?. and
at toch foreclasur~ sale th~ properl~ sball b~ eold snbjeet to all ramainias items a~ ind~bt~dnea aad ttw Yoets~
m~7 apin lor~cla~ in tM same manner ~ oit~a u tber~ Ds ar?~ snm past dn~.
10. Ji atany time siter defwlt by 3io s rs~vsrai?ip may be nee~wrq !n th~a op ini~ oi YarlQagef
to protect the lien 6ereof. or at the tima at or~~the iAatitntion oi snit to eoDect tM indebtedne~s 6ereb~ Neurd.
or to iorecbss this n~ort~e, l[o~a~es sha11. as sn sdmitted eqnit~ and u a matter o~ sMct t and retard-
lesa ot the vslne ot the property~ or tM soi~en~ or insolvency of 1[ort~a~or or any parb bonnd~r tLs psyma~t
of tbe iodebtednas 6aw the t to the sDPoinhnent, ~ ex parte •ppl~~ic~tion and wltDont ~ to Won0. b7 W
proptr oons! ha~in~ jnsitdic~oi+, oi t reoei~u, which receiver ahW luve all o! W~ Droad ~od dieetiw po~waYs
and innetions ia any wiss eAtrnsted by the oonrt to s reeei~er. to take char~e ot. Preeane. ma3ntain, nre
for and protect the Yor~~ Prembes and to eollect rents. issues,~prooceds, prodace,~pt, inoome and rennne~ a~
the l[ort~a`ed Premi~a ~rom whatsoever wusoe derived; to raaka sII neceseary or Aee~Knl repsin and to pro~ids !or
the Yortgaged Prenaisea as set forth in psraeraPhs 6 and 6 above~ and to n~zket tbe prodaeb tlirr~ot snd zecei~e
•nd oolleet the proceeds thereoi and sne6 reoei~enhip a1u~11, at tbe opiioa of ~[ortgs~es. oouliao~ untll !b~ tnllp~-
meat af all snma bereb~ aecnred. or nntil title to tl~e l[ortgsged Premi~es ahall l~are pawed on al~ nnder ~ lore-
closnrs o~ this mortp,~e.
this mo. Shon1= tYhe
n~o~~enredd~~ in s~ne~~par~ticul~ar
the~righd ent modifyin~ or cba~ the tesms o~
to the ts oi t6e holder oi sny i~ oi tbe partw Lo weh rea~nement ~5a11 b~ saperb=
r~ n~ lien or encnmbrsACa
12. Witboat diectinr tbe liab~7ity of sayperson(other than any person releaaed pursnant hereto) ior pqmeat oi
any indebtedness secured hereby snd vntbont sfiectiog the lien hereof upon any property not reka~ad pnnnant bere~o.
Yortgssee msy at sny tinie an~ irom time to time, witlwnt notice:
(a) Releaae any pe~on lisble for payment oi any indebtedness , secored bereb~.
(b) !he indebtedness, or e~ctend tbe time. or agree to alter tLe terma, a[ payment c~ sq~ ot tbe iadebt-
(c) Aooept sddit[onal secnrity oi ~y kind.
(d) ~e1we anY P~~Y seendns Lhe indebtedness.
(e) Comeat to tbe makins oi any msp or plat oi the l[ortgsged Premi~a„ or the enation a~ snf ~
thereon or any oo~aw?nts resteict~u~ use or oocupancy therdo~ .
1S. Ii tbe iadebtedness ~ecnred hereby is now os bereatter further seeared b~ ehattd morf~a~as, pld~as, eoo-
trseEe oi ~uar~nty. o~ kaaas, os othes ~ecnrittes. ltort~a~ee msy at its optio~ e:baoata~ ons or mors
oi stid ~ewrittes and .
e~ieeurity~ heraaader, eitbes caocun+eatly or ind~pendeatlY. and in sueh ord~r a~ it msy
determine.
1~. No deLy b~ Yori~a~ in ~cercisin~ s ht o: remedy ha~er. os otba~wi~t atfo:ded b~ Lw, s~a11
opaate as s waher thesaoi or pr~elnds tha ~~t~eseot durins the eontlnuanoe oi any ddanlt Mrsanda.
~ 16. Tbat tbs j[ostta,~or s~U permit tbe Hort~~es or ita r~praeatatt~ t~ a~ratniat aud insp~d th~ pt~mis~s
at sn~r re~onab~ tim~s.
,
a~sitns
a~d
t~n~~ ~
n~W~e ~r nbis~ddh~
in
~~N1ar n~ sbs11 ineln
i~th~~ tb~~ ~
f ~in~dar. and ms o~ sn~ ~end~r ahall b~ app~ie~bls to aU ~eada~.
~ , Y~ sba11 be snbrosabed to t~e elaims and Heas a~ all partia w~ eLims or lieos ars ~Leb~rpd o~t
~ p~id with prceeeds oi tbe loan ~ecnred hereb~.
, ' . ,,t~~~t~11i11~~
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~ . _ ~ ~ ~ IN WI!'NBS3 Wl'ISI~SOF, t~s mort~a`e Las beea dnly ezeeoted by tb~ Yost~a~or. , J ~ - . , , _ • ~ • • ~ = .
.
;
4 . . ~ J, ~ ~ : G,~.•`
x
~ i~d, ~eald and ddi~esd • .
~ ~ o t~• BLUE GOOSE OWERS, INC.
_-Q d i
~ Y gy.
V~ ,
~ en
~
Attest: ~
ecre ary ~
ao~ 145 3~2
y
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