HomeMy WebLinkAbout0666`:. _ ~
14. U the indebtedness scoured hereby is now or hereafter inriher secured by chattel mortgagee security interesb, pledges,
oontraota of ty, aesigriments d iease~ or other seonrities, or J the premises hereby enoam~ered consists d more th
one parcel. Mortgagee may at its option e:hanat say one or more d said seauritiee and seoarity hereunder. or sneh peroels
of the security hereunder, either eonenrrently or indspeudently. and in snob ceder as it may determine.
lb. Upon_ request d M Mortgagee ma<y, at its sole tioew from time b time bdore tall payment d as indebted-
ness eeoared , males hurt ec a~vanees to Martgagut; pro~id oec~ hoverer. ibat the total principal seaet+sd sad remaia-
~B ~l~d. indndwg aqy woh advances, shaII not at say Wne eaceeed the pnneipal anm assured hereby shall
eseante aid deSver to M tg~ a note eviden~eing each sad erery sno~urther advance which Mortgagee may make, such
note to be_ _.psyable oa osmbefore maturity d the indebtedness seeue+ed hereby and to contain snob terms as Mortgagee shall
require. artgagor ahaD pay all sneh farther advances with interest, and the same, sad each note acid the cams, shall
be accused may. All ps+oviaioeis d this mottgags shall sppb to sneh farther advance as well ac Lo all o indebtedueae
ieo»red Nothing herein eontoined, however, shall limit the amount scoured by this mori~a~ it sneh amount is
as used ~ vaaoes m ~dMortgageq, as herein ebe~rhee+e provided toy to protest tbs seenri~y. Ttis wad "Morfgagoe•"
any aieoeeoe in ownership d the premises. .
ld. No deaa~t by M in emercidng snf right or remedy hereunder, or otherwise aaorded b law, shall op~st~ as a
waiver thereof at preclude the e~oeraue ther,sot darang the oontinuanoe d aqy de[auit lee~rennder. ~o waiver by Mortgages
d any dehult eliaII eonstitnte a waiver d or consent to m~uent defaults. No failure of Mortgagee to eaereiee atq option
har4in gives to t-eoelerate maturity d the debt hereby eecpred, no forbearaaos Mortgagee bda+e or after the e>Gerwse d
snoh~ op~n;~d ~i M-ithdrai-al ~ abpadonmant os .foncloswe proccesljngs by shall _12e takes or eonsteued #u a
waiver of its nght to ezereise sneh o or to aooelerate the maturity of the ebo~Y secared by season d aqy past;
p~r'esent or future default on the part o? M rertgagor; sad. in Wee manner, the proe~nrement d insuraaoe or the payment of t~aaes
ar other lisns_g charges by Mortgagee shall not be taben or oonetrned as a waeve~r of its right to asedee~ate the maturity d
the deb 3 ~ . secared.
17. Withput a6ecp~~q the liabili~r d Mor~gy~o~ or any other person (ezcegt any person ezpe+eesly released in writing) for
paym d ~ any ira~ebtednees secured hereby or for pertormanoe of an obligstion oontsined herein. sad without aSeoting the
rights ortgag~ee with respect to any security not ezpresaty in writing. Mortgagee may, at any time and from time
to tune, either before ar after the maturity d said note_ and without notice or consent:
(a) Reieasa say person liable for payment d all or any part d the indebtedness or for perfornianoe d any obligation.
(b) Make aqy agreement euteading the time vt otherwise altering the terms d eat d all or any part d the
lien of ~e odifymg or waiving any obligation, or anbordinatiag, moth yf mgsor otherwise dealing with the
(s) Baceraiee or retrain from eserrising ar waive any right Mortgagee may have.
(d) Accept additional eeantity d say kind. '
` (e) lRsleaae or otherwise deal with say property, real or personal, securing the indebtedness. inelading all or any part
d the property mortgaged hereby.
the holder~dagreemeat herea[ter made by Mortgagor and Mortgages pursuant to this ma~tgage shall be snpeeior to the rights d
any intervening lien or eaoambraaoe.
19. Mortgagor hereby waives all right d homestead exemption ia_ the property sabjest to this morggage.
20. The covenants sad agreements herein contained shall bind and the benefits sad advan shall inure to the raspeo-
tive heirs. suesnto~s, edministraton, erisoeasors and a~gns d the pastas hereto.- Whei+e~ver use the sinanlar number shaII
include the plural, the plural the singular sad the use d say g~eo~deephap be to all genders. All aavenanta, agree-
ments sad undertakings shall be joist aa'd sevesal. In the areal additional n aped~~eoveaaats are for eoaveaieaes inserted
t ~ooveoan~~eoont~ ~alegal description, shah additional eoveoante,shall bs.r+ead and given eQeot as thonah following
I/ _iR?1~83 i~p~+, the said l~lort~a~or has caused this presents to b~ eaut=nted
ii4 ibs :law, sad its oo>lyorate asst to be hereto atlY~otd, by its proper oiticsrs
thsrevato ~ anthorise~d, t~t• dq sad car lYrst anon Yrlttea.
iAnLPEZl8J1I~ IIiC.
ltt~st ~ ~
t~7 ~rseidwt
9i~-ed, 8saled and Dsli~sred iti rho
;179 ~
~,,
_ d _ _ .. ... -. erf++wr*..--..r.~.~~....-. .....a.s: ~-s E i Y>s a.a.~.,:
DreaetiCA O! uss