HomeMy WebLinkAbout2375 14. U th~ indebt~lne.. esoueed he~eb~ a no~ a hae~ltee turt6ae eeourad b~ ehatt~sl aaort~a~a. pled~e~. aontraots ut '
~uanu~ty. aoi~nmeat~ o~ le~ses. or other seourities. or it ths promis~s Sereb~r eaeumbee+ed ~+ooaials at mas thw oae paroel. i
~iur~a~ee ms~y ~t iU optioa ~x~ust ~ay, oae or moce ot s~id seeuritinr ~d t~e ~eeueit, herounder. or sueh p~~o~b of ths ~
reount,~ hereunder. dther eonoure~eat~jr or u~dependeatly. and in su~o~ ocder ~s it m~y d~te~mina
15. Upoarequest d Mo~t~a~o~. MortQ~es ma,y. at its sob op tioa. [to~n time to tima before tull p,yment at all indebted- ~
aas ssoured h~teb~, m~ke turt6ee arf vanoes w Mort~~: provided. howerer. that tha Wtal paineip~l aoured herob and remain-
ina unpaid. iaoludu4t ~5Y suob ~?dra~,uda, ahall not at ~ tuae esaoed thc ~ priaoipal sum aeoursd hersb~. ~irt~o~ shall
e~eoute aad deliver w Mat~a~e a note evid e~ah aad eve~ ruoh urtbar dvanee wDial? Mort~a~es m•~? m~ica suoa ~
aote to be p,ys~b ~n oe before uuturit,~ oi th~ebtedne~s ~our~d baraby ~nd to oontaia woh ternu ar Mort~+~ee ~aU
cequire. MortQ~or ~haU pRy ~U suah turther advsaoes with infereat, aad the s~na ~nd e~oL note evid~
in~ebtedn~e~s ~ ~
be secured 6ereby. All provwoas ot tlus mortsags ahall~ app~j+ to e~oh furthe~ a~iv~aos as well ~s to aU o
seoured hereby. Nothin~ heraa a,ntained. horever. a4al! limit tha amount seoured by ti~» mort~a~e d woh ~mount is ~
inorca~ed bY a~dvaneos made by Mort~a~ee, as 6erain else~vhereprovided tor to pe~oteot the ~eourity. TL~ w«d "Mort~a~or" '
as uaed in this pangnph. includes any suooe~sor in ownecahip of the premisas.
16. No del~ bp Mo~ ia exetrisiag ~ay ~ht or remedy hereunder, or othervise ~fforded b~7law, s1uU operat~ as ~
waiver thereat orpreolude e e~eccise thereot durwg the oontiauanoe ot aq~ dehult hereuader. No wsiver by M
of aa,y detault sh~U oonstittite ~ ~raiver ot or oonaeat to subdequent detaults. No bilure at M~~~ to erero~+s an~
o~
pt~ioa
herrin givea to aooelerste msturitq ot Wa debt hereby secured. ao forboaranoe b~y Mortgagee De7on+ oe dter the e~oeroise o[ 1
such optton aad oo withdnw+sl or ~?baaduawent ot toreclosure prooeedings by Mort~a~ee at~sU be tskea or oonstrued sa s 4
v?sivet ot ita right to eYerci~e suoh o tian ur to aocelerate the auturity ot the debt 1~ereby seoured by reaeon ot aqv pas~
a
o ber~liens or doharg~ s by ~iorp
g shsll~notrb ~taken ok
ooas~truedt~s ~~~ruv'
er ot ts rigLt~ta~aooele~rata~ the miturit~y
~
tl,e debt dereby seoured. . .
17. Wit6out wBeeW~g the li~bility ot Mor~g~or ur say otherpe~on (exeept sny pereon e~cpressly relea~ed 'u? ~rritinR) tor -
pavmeat ot sny indebtednesa seeured hereby or tor per[ormaaoe ~T any obligatioa ooatained herein. and ~ithout sBeotin~C the ~
rig~ts o[ Diortgagce with respeo! to any securiLy not e~cpr~ly released in nTit~nB. MorrBagee msY. at aqy t~ne ~nd trom Wne
to tin~e. eitber beto~e or a[ter the maturity o[ ~d nole. sad w~thout aotioe or oonsent: ~
(s) Relesse any pe~son lisble for psymeat ot all or any part ot the indebtedaess or [or pertormwoe d aay obligation. ;
(b) ~iske say agreement exteuding tLe time or otherk-ise altering t6e tenns otpa
yment ot sU o~ say part ot t6e ~
indebtednegs. or modifying or ~raiviag any obligstion. or eubordinsting. madJy"tng or other~riae dealin8 with the
liea or chsrge hereot. .
(o) Exercise or retn?in fmm exercising or w aive say cight ~iortgagee m~y bsre. i
(d) Aoorpt additaast security of any kind. ' {
(e) Itelease or othervvise deal with aay propertv. resl or peraonal. seourinB the indebtedaea, iacluding atl or anY psrt
ot t6e propercy morraaged bereby. . .
18. Any agreemeat here~tter made by Mortgagor and Mortgagee parswnt to this mortgaga shsll be snperior to the righte ot .
the holder ot any intervening fien or enoumMy?noe. !
19. Mortgagor hereby waives all right d homeet~ead e~cempqon in the pmperty snbjeot to ihis mortgage.
20. The ooreoants and agreementa 6erein eont:ined shall bind and the benefita snd advantages ahall innre to the respeo-
tive hei~s, ~ecutols. adminiatrwtora. suooee~ois aad~s~gns at the parties Lecet~o. Wherever used. the singuLr numbec sha~l
include the plure?1. the p1un1 the singular. aad the we of any gender shall be applioab~le to ~11 Benders. Atl oavmanta. n8res- ~
m~ta and nndertaldngs ehall joinE and sever~l. In th~ event additional numbe~red oovenants are [or eonveaienee inserUed ,
in Wis mortga~e [ollowing the legal dee~iPtion. suoh addiaonil onvanaats a6a11 bs re~d and given eQeet as th~h tollowing ~
Wis eoveaaat m eonseouhve oeder.
IN WITNFSS WHERDOF, the sa id l+iortga~ors have sct their hands a~d !
seals as of the day and year f irat above writtett. , Z
Signed, Sealed and Delfvered £n I
the pr~s~nce of • !
~ { r
y J ~4 \Sw~.'.) i
~fJC/K"\ ~ ~ GM ~ • t
' • '.AI+ !
a8 to Burks en a t and Na
~ne G. Sm th t
Nad ine G. Smtth) i
~ ~ -
~ " " ~ c=-~~ ~
Com Lov ese
~ ' :ir SEAL) ~
s-to Compere Love esa an rce a H. Love ess
~cella H. Loveless)
STATE OF: Kansae )
QOUNTY OF: Johnson ~SS:
I HEREBY CERTIFY that on tbis day before me, aa off icer duly author-
ized ia the Countq end Stete aforesaid to take ecknoMledgements pereoaallq
appeared BURKS ALDEN SIdITH and NADINE G. SMITH, hi~ vife, to me kao~m to be `
the per8ona descrtbed in and who euecuted the foregofng Mortgage, and tdcy
ckaoWled ed be#ore v~c that they ex cut~d ~he .aame.
' ~ : ~ ~
WZ S my : hand: and of f ic ial s al ~n ~he ~Cou~nt~ and S~at~ ias ef ore-
id this da9 of A~ D.g1967. q
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