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Home My WebLink About0785 ~ 15. lf any ot the wms ot moriey he~eia re(e~red to be not promptlr ~nd fu~ly paid ~rithi~ 30 days next a(te~ the same x~erallr come due and pay~ble. or i[ eaeh ~nd ererp the stipul~tioas, aRreements, conditioaa and covenants ot aaid promis- sory aote and t6is deed. or eithe~. are oot du1T pertormed, complied ~rith aad abided by. the a~re`ate sum mentioned in said promisary note then remainins unpaid. v+ith iatuest aeeiued to that time, and all moneys secu~ed hereby. ahall I.ecome due and payable torthwith. o~ t6ereatter. at t6e optioo ot uid Matpgee. as fullr and rnmpletelr u it all ot the said wms o( monep ..ero o~i~inaly uipulued ~o be paid on wch d.~. aaYtAiai ia wid aote oe ia this mort~a~e to tha contnn aotwithsund• ina; and tbereupon or thcredter. at the option ot said Mortpsee. ~rithout aotice or demand, suit at lax o~ in equitr m~7 ~ P~- ecuted as it all moneY, ,ecu~ed 6erebr had mawred prior to its iastitution. 16. :lfortssgor xill e:hibit to 111ort6aaee ~+~itten reeeipu establishia6 papment of anr sums requircd to Ix paid under anr wperior mortRa~e or whe~ (ien obliaatioa, no lata t6aa tire (51 dqrs pria~ to tbe time that a~celeratioa ot auch wperior mon6a6e or lien could tx decla~ed for aon-payment thereof. 17. '~he abstract of titk corerin~ t6e eacwnbued property sh~ll beloa~ to and rrmaia in the possasion ot the ~lfortKasee durins the lien o[ this Mortsaae. 18_ Thu it is the iuteat hueot to secure pa~nneat of wid aote end obliaatioa ~rhether the entire amount shall hare been advanced to the Mort6aRor at t6e date herco(. or at a later date. and to ~eeure anr aher amount or amounts that mar be added to the mortpse indebt~dsd~ under the terms ot t6is instrumeat. 7be total anount o[ indebtedaas secund herrbr nuy dr creax or inerease fraa ti~e to timq but the total unpaid bdaace so ~eeured at anr one tuoe shall not exeeed tbe principal ~ ot : 12 r 00 , p1~u iuterat t6ereon aad ant disbursemeots made for the papmeat oi ta=es. levia or inwance oa the pmpertr covered bT t6e lien oI thi~ ~nortsase. rith iaterw therooo: aad this mortsa6e shaU aeeun anr and all additioad o~ further a~oaia whieh ma~ be ad~aeeed b~ Mortsaace to tl~e Monsasor atter the date hereof, which future advancea ot ma?er, if made. ~6all be e~idenccd b~ a note or nota execnted b~ t6e Mort6asor to tAe Mort6~6~ ~~6 such rate of intereat aad ~rith such maturitia as slull be detetmined iroa? time to time. but anr and all such tuture adraocea ~ured br ~his moresase sball be made not more tbae tm (101 pean dter t6e dau henwf. Nothins heroin contaiaed ahall be deemed ae oblisation on tbe part ot the Mortsa~ee w make an~ tuture adraaces. 19. That in t6e e+ent tbe premi~a 6enb~ mortsa~ed. or aar pa~t tken.wf. s1uU be eondemned and takeA for publie use unde~ the por+er of emiaer~t domain. t6e Mon~ee ~6a11 6are t6e ri~ht to dcmaed that dl damases awarded for the takin6 ot or damase to uid premiseR shall be paid to tLe Mort~ee. iii iucaro+s or aui~ns. up to tbe amount thea uapaid oa thi+ mo[t6a6e and mar be applirJ npon tbe pa~noeat or pa~ena lue Pa~abk ~hereoo. ~ ~ 20. The Mort~or sball. withia five (51 dap hoi ~+riua~ demwd b~ t6e Mo ~ e ute ~~6~~ornras ahall l~e required bT the Mortsa`ee. an estoppel certiticate aad wai~ of defen~es. dulr ackno„w~,~tie6 ath the amoypt oi prineipal ~nd interest unpaid hereunder aed t6e 6eneral ~catns of ~aid mortsa~e, ~nd the failure of t6e I?iort~ot to ai~c and deliver said estoppel certi(icate ~nd ~r~i~er o[ detcnses ~?ithia the time doresaid s6~11 conuitute a de(ault aad a braeh o[ t6is mort6aae and shall entitled t6e holder hereof to deelare all of the unpaid priacipal balance immed'utelY due and psyabk. 21. It is specific~lly asreed that time is of the eaence oE this contrut aod that ao wairer of aaY obliauidn bereuadcr or oi tMe oblisation secured herebr ~hall at any time thereatter be held to be a~rairer o[ t6e terau~~erqf or oI t6e iwtrument securcd herebx 22. It is understood and .sreed ehac c6e Mon6asee mar ac anr cie~e. wit6out notice to aor penon. 6rant to the Mo~tsagor anp modifitation of anT kind or nature ~hauoe~er. or dlo~r an~ chan6e or ch~n6es, su6atitutaa or substitutions of anr of the propertp dexribed in this mort6~ge or ~n~ other copateral vrhich mar be 6eld br the ~iort6agee xithout in anp manner alfect- in6 t6e liabilitr of the :1lortgagor. anr endorsen oI the indebtednes~ bercbr secured or any other person for the pay-ment of said indebtedne~, toaet6er ~rith interest and anY dher sums ~r6'u6 maY be due aad payable to the 11ton6agce. and also Kithout in a~~ manner a(fecting or impairina tbe lien of this mortµ~e upoe the rtmainder ot the propertr and ot}?er eollatera) which is not clwnFcd or sut~stituted: and it ia d~o uadentood and aareed that the I?fortsasee may at anr time, rritl~out notice to any per- son, rcleaac any pation o( the propertr described in t6is mortga6e or an~ a6er rnllateral, or anr portan of anr other coi- latrra! ~.hi~h ma7 be held aa securit~ for the papmeat of tLe indtbtednee~ herebr stcue'ed. eit4er ~rith or without aor considen- tion for wch rel~aae or releaxs, without in any maQOer dtece;~s the liabil~~r of tbe Mort6~gor. all eadorsers. it anr. and all other peraone ~r6o are of ahall be liable for the pqment of eaid indebtrdneas, and rit6out affectin6. distnrbin6 or impairing ia an~ mann~r ~rhatwever the ~alidit~ ued prioritT ot the lien of this mon;aae for the tull amouat of t6e indebtedaras remaininR unpaid, together Mrith dl interest and adraueea n6ith shdl become pa7able. upon the entire remainder of the tnortsa6ed prop- ert~ which ia unreleaxd, and reithout in an~ manner attectins or impairin6 to anr e:tent w6usoe.u anr and dl oe6er rnlluera! aecurity which mar be hdd b~ tLe Mort~ee. lt is distinctlr undastood aad a6reed b~ the 111orts~6or and the Mort6aaa that any release or releues ma~ be made b~ the Mortgaace rrithont the consent or appraral of any other peeson or prnons whom~o- ea-~r. I ~ ' ! ( ~ E 6E fg ~ 2 ~ f Iti WITi~iESS WHEREOF, the Atortaagor on the daY and rear (irst abore rritten, has e:ecuted these pr~ents under seal: it, rhen and as a corporation, b~ and throuah its dul~ suthoriied of(icers. •s the ut and deed ot the corporation. xhox names appear hereunder. l Corporate Seal l ~ - ~ p~ Y Arrrsr: _ . _ ~ . - - ~.1Sea11 ~ - ~ EUG NE SALVAGNO ' ~ Sisned sc ed. ~ead ond ivered ' e e o .._._ISall nt - _ _ - - ~ ~ p : ~ _ l' _ _ _ _ _'Y _ _ _ - _ _ _ ~ s~.u , PALMIRA ~ALV NO ~ ~ . _ _~s~.t? ~ _ _ . _ . _ . _ .tse.l) , _ _ ---(Sed? : ~ . _ _ _ _ . . _ _ _ . _ _ _ _ _ . - • ~ OR ~ B00f~~~ PA6f 7~ ~y ~ ~ ~ r - ~N ~ _3 ~ - ~~?s;...:` i v ?a