HomeMy WebLinkAbout2564 wise to procecd, guch failuro ahall not be deemed a waiver of the
rights ~~f Mortgagee to make dubg~quent demanda for the immediate ~
paymc~~t of thc entire unpaid amount of the Mortgage Obligatio~e, •
or ta t.~ke immedia~te possesaion of the Mortgaged Property, or to ~
foreclose at any time this Mortgage, or to demand full performance
~r fulfillment. or otherwi~e to proceedt and the acceptance by Mort-
tagee of ahy paymenta aubsequent to ~uch defaul~ ehall not be deemed
waiver of any rights of Mortgagee. No delay or failure on the part
of Mortc~agee in exercieing any right, privilege, remedy or option
' hereundr_r ehall operate as a waiver of euch or of any other right,
privilege, remedy or opticn, and no waiver whatever shall be valid
unless in writing, signed by Mortgagee and then only to the exte~t
therein set forth. The booka and records of Mortgagee containing
entries with respect to the Mortgage Obligationa shall be admiasible
in evidence in any action or proceeding. ahall be binding upon Mort- ~
~3gor for the purpose of establiehinq the items therein set forth
and shall conatitute prima facie proof thereof. Mortgagee shall have
~ the right to enforce any one or more remediea avaflable to it euc-
cessively, alternately or con~urrently. This Mortgage cannot be
changed or terminated orally.
Z0. A12 of the rights, rem~dies, op~3on~, privilege~ and
elections qiven to~Mortgagee :~ereunder ehall enure to the benefit .
of Mortgagee, any traneferee or holder of this Mortgaqe, and their
respective successors and assigns; and all the terms, conditione,
promises, covenants, proviaions and warrantiea of this Mortgage
shall enure to the benefit of and shall bind the.representativea.
successors and assigns of the respecti.ve parties.
11. It is understood and agreed ~hat if Mortgagor be in~
any default the Mortgagee hereunder may, at ita option, proceed
either against this Mortgage, the Notee which it may secure or
against one more and/or all securities and/or collateral, and/or
against any and/or all Mortgagors, and such proceeding or proceed-
inga by the Mortgagee, in any sucn cases, shati not be aeemed an
election by the Mortqagee nor preclude Mortqagee from proceeding
~ or taking advantage of any other remedies which Mortgagee may have
~ in connection with ~ny and all other securities and/or coll.ateral.
No remedy conferred upon Mortaagee hereby or by any agreement or
instrumcnt referred to herein is intended to be exclusive of any
other remedy and each and every such remedy shall be cumulative and
shall be in addition to every other remedy given thereunder or now
or hereafter existing at law or in equity or by statute or otherwise.
Thia Mortgage ie not intended to be a gubetitute for any o~her of
the Mortgage Obligations of Mortgagor to Mortgagee nor shall this -
Mortgage in any way diminish the effect or dignity of any other
of Mortgagor's Obligations to Mortgagee or the securities thereof.
12. .The unenforceability or invalidity of any provisxon ~
or provisions or any part of th e Mortgage shall not•render any other ;
provision or provisions or part herein contained unenforceable or
invalid and in the event of any such unenforceability or invalidity
this Mortgage shall be enforceable in accordance with the inten-
tiona of the part~ies as set forth herein. ~ ~
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~ ~ ~ eooK 14? 162
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