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such tercns as Mortgagee shall require. Mortgagor shall pay all such fur-
ther advances with interest, and the same, and each note evidencing the same,
shall be secured hereby. All provisions of this mortgage shall apply to
each further advance as well as to all other indebteduess secured hereby.
Nothing herein contained, ho~aever, shall limit the amount secured by this
• mortgage if such amount is increased by advances made by Mortgagee, as
hereia elsewhere provided for to protect the security. The w~rd "Mort-
gagor" as used in this paragraph, includes any successor in ownership of
the premises. •
16. No delay by Mortgagee in exercising any right or remedy here-
under, or otherwise afforded by law, shall operate as a waiver thereof or
preclude the exercise thereof during the continuance of any default here-
under. No Waiver by Mortgagee of any default shall constituCe a waiver of
or consent to subsequent defaults. No failure of Mortgagee to exercise any
option herein given to accelerate maturity of-the debt hereby secured, no
forbearance by Mortgagee before or after the exercise of such option and no
vithdrawal or abando~ent of foreclosure procezdings by Mortgagee shall be
taken or construed as a waiver of its right to exercise such option or to
accelerate the maturity of the debt hereby secured by reason of any past,
present or future default on the part of Mortgagor; and, in like manrier, "
the procurement of insurance or the payment of taxes or other liens or
charges by Mortgagee shall not be taken or constru~d as a waiver of its '
right to accelerate the maCurity of the debt hereby secured.
17. flithout affecting the liability of Mortgagor or any other
person (except any person expressly released in writing) for payment of any
indebtedness secured hereby or for performance of any obligation contained
herein, and ~,rithout affecting the rights of Mortgagee with respect to any
security not expressly released in writing, Mortgagee may, at any time and
from time to time, either before or after the maturity of said note, and
Without notice or consent:
(a) Release any person liable for payment of all or any part of "
the indebtedness or for performance of any obligation.
i (b)' Make any agreement extending the time or otherwise altering
~ the terms of payment of all or any part of the indebtedness, or modifying
~ or waiving any obligation, or subordinating, modifying or otherWise dealing
~ with the lien or charge hereof.
~ (c) Exercise or refrain from exercising or waive any right Mort-
gagee may have.
(d) Accept additional security of any kind. ~
(e) Release or otherwiss deal with any property, real or personal,
securing the indebtedness, including all or any part of the property mort-
gaged hereby. •
18. Any agreement hereafter made by Mortgagor and Mortgagee pur-
suant to this mortgage shall be superior to the rights of the holder of
any intervening lien or encumbrance.
19. Hortgagor hereby ~aives all rights of homestead exemption in
the property subject to this mortgage.
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20. Mortgagor covenants and agrees that it Will furnish to Mort- ~
gagee within sixty (60) days after the end of each fiscal or calendar.year
of Mortgagor, and at any other reasonable time such information is requested,
and in such form as may be reasonably required, certified vritten statements
showing acevrately its financial eondition, With detailed information as
to its assets and liabilities, and its earnings and operating expenses for t
tt~e preceding twelve Q~onth period~ such state:nents to be certified by a '
certified public accountant satisfactory to Mortgagee.
;
~ ~ aoa~ 175 993
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