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HomeMy WebLinkAbout2819 ` , _ , _ , , ; ; 14. V the iadebtedne~ seeured Lersby is now a hawttar turihe~ seeuted by eluttel mort~ages, pbd~es, eontrnets at guanaty. aeei~nonents ot le~e~. oe other ssouricia. or ii the P+'8~~ hereb enoumbs~~ed oonsist, at mors W~a oae p~rod. n y Mort~~es mq st its option eshwat an~ one ae mors a[ nid ~eouritie~ and Ws ~eourit~y hersunder, os snoh pae~od~ d tbe ~ seouatq heceauder? eiWee ooaournnt~r ar iadependeat~y. and in suoh order M it my determina 1S. Upoarequest ot Mott~o~ Mort~~gee m~y. at i1s wle op tioa, imm time b time bdors tnll p~,Tmeat ot ~ll iadebted- nees ~eoured hereby. m~ka furt~ee a~vanoes to Mort~agor . prorided~ lwwevee, that the total prinaip~l esoured he~ and ramain- ing uaP~id. iaeludu~aqy saeh ad~anees. s6all not ~~ay Uma e~ooeed Wa~ prinapal eum isaie~ed bersb7. ~ ahalt e:eeute aad delivee to Mort~aQes s note evideaa ~'n~ e~?oh ~ad eoeq weh ~urWer sdv~nos wtueh Mort~~es ma,y m~e~ suoh aote to be p,ysDb oa or be[ore matnrity ot t6e u?debtednees seo~u~ed beceby and b eont~ia suoh lecau as Moe~ates ~hall require. Mortga~oe s1uiU p~,y ~11 woh furthee adva~oe~ ~ith interest, and We nnne. ~nd ereh note evid the ~ama shall n bs ~eoured bereby. All provi~io~u ot this mort~a~e aluU~~pp~j? to e~oh huehee advanas a~s wsp ~v to all~ indebtedne~s aeowed l~ereby. Nothing hdrein eoatained. howevec. ahall Wnit ths amount seoured by tbi~ mort~a~s it suah amount a iaorea~ed b advauoes made by Mort~Kes. as Larein eLe~wh~rsd t,Leded~~ proteot ths ~sourit~. T~s word••Mort~a~a,•• as u~sd in ~ p~ra~c~pb. indudes any suooesor in ownenbip 1Q~. No de4y by Mor u? eseeoiw~ sqy right or remed~ bereuadet. or otherwise ~orded b~y4n1 shall opecste wai~er ther~eot oe preolnde e szeroiie thereot dnnng the oontinwnoe ot N aqy detsnlt herennder. o wsi~er by M~rtsages ot aqy detwlt shW oonstitute a waivar ot or oonsent to au uenc de[wlts. No failure ot Mor~~ to e~eeoi's aqy o~roa hereia gi~ea to aooaleeste m~tarit~ ot ths debt hereby . no forbearanoe b~~r~dortgages bdore oe ~tLer the euro~es ot n suoh option ~nd no withdr~?w~l or ab~ndoament ot foreolosure prooeedinrs by M abs~l be L~loen or eonstrued aa a w~iver a[ its right to ezereiss such option or b aooelente ths m~?turity ot Wa deb0 ereb~ ~ecured by re~wa ot ~qy pMt, peeeent or tuture detault on the part oi Mortga~or; and. ia Wro manaer the proeurement ot iusuranos or thep~ym eat of t~ces or otLer 6ens or oh~cge~ by Mor~gages shall not be Wcen or ounstrae~ ~s s waiver ot its ri~ht to ~eoelersts tha maturiLy ot ths dsbt hersby seoared. 17. Without aEeoting the li~b~ib? ot Mortgagor or siqy other pereon (exoept ~ny pee~wn e~cprees~j release~i in writ3ng) [or payment ot aqq indebtednees ~eonred h~eb~ oi f~ pertormanee any ob ' Lion oonqined Lereiu. and ~vithout ~Heoting the rigbts o[ Mortgagee with respeo0 to aqy saourity not ez~y rele~aed in ~Liag. Ddorfgag~ee mRy. st sny time and trom tiane to time. either betore. or atter the maturity af nid aoteti,- snd ~+ithont notioa or oonsent: (a) Rele~se ~qy person li~ble tar p~yment at all or ~ay part ot tbe indebtedneas or tor pertormanoe ot any obligstion. ' ' (b) Msi~e any agreement aztendiug the time or oLherwiee altering the terms oip yment ot all ot~ an~v p~rt_ot Lhe iadebtsdaees. ot modifyin~g or r?aiving any obligation, or anbo~rdiiuting, modifying or otherwise dealing wnth the lien or nt~~e heneot. (e) B~ereies or retrain irom exerei~iog or wai~e aoy riBht Mort~agee auy hsve. ; (d) Aooept additiowl seaurity at a~? ]rind. - (e) Release or otheewi~e de~l with +RP P?nPert~Y. resl or pe~~on~1. seouria~ the iadebtedness. inoluding all or nqY P~ ot the ProP~Y mort~a~ed Lereby. 18. Lu~ ageeement here~tter mads by Mortg~o~r aad Mart~atee pnnuaat w this martg~s sh~ll be wperior to the rights d the holder d aqy iatervening liea or enonmbnaas. 19. Mortgagor hereby waires all ri~ht d homest~d esemPtion in t~he propert~ anbjeet b this mort~ge. . 20. The eovmeats ~nd a~reements herein oontained sba11 bind aad the benest+s and sdvanteges sball inure to the respee- tive heire, eaoeout,ors, administratoes. ~uooeewis anda~gns a[ the p~rties hereto. Whece~er uaed~ the~~ nnmbee ~haD iadude the plnral, the plneai the singalar aad tbe uee d aqy gendar phall bs applios _ble to aU ~enders. AII oovensnts. a~ree- meats aad nndertaldnga sLall be joint an~ several. In the e~ent additional nambe~~ed oo~enaaa ars for oon~eoimes insertsd in this mortga~s following the kgal de~aeiption, woh additional ooveoant~ ~Lall bs e+eud aad given effeot as thongh toDowing t~ eoveoaat ~a oomeout~v~s ader. II~ ~3 NN~OF~ ths eaid l~ol't?$sgOP haA eet his ~nd ~nd seal t~ day and y~ar 1`is'st abavs rtitt,en. Q~~~ ~~jj.~+y_ "V~ ~ ~~~~~~,~M~lu~~~ J` a70fi~ ~ i/~i.i~~ Jii Mi~ /~~n? I~ • ~ ~~0!*100 Ot' 1~S! 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