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Home My WebLink About2459 - - i ,;r . - - - ~ - - F~ _ . , 15. I[ an~ oi che m?ms o! moaer 6erein rrfer~cd to be not prompa7 and full~ paid w' ' 3 .ne~t after the samt sereall~ come due aad paTablc, or if each aad e~er~ the stipulatioa~. a~reeoeal~. cou and~o~a~ ot said prnmir sory aote and this deed or eit6cr. are not dut~ periormed. complied ~rith and ablded br.' ths a~gesatb inii ideataned ia wid promi~soq note then remainias nnpaid. wit6 iataeu aarued w t6at time, aad aU mone7s ~ecured 6ereb~. s6all become due aad pa~aWe forthwit6. or theratter. at ebe optioa of aatd Mort~ee, as toll~ aad compktel~ as if all of tl~e s~id sums ot mona~ ~rere oriaiaal}~ stipnlatod to be patd on snch dar. aa7thias iu said note or ia tlw mortgase to lIM COill7i[~ ~OLMllbilaAd- iaa; and thereupon oc ther~fter, at t6e optbn o# aId Mortaaaee, rrithout notioe or demand. wtt at law or in eqnit~ mq be pros- ecuted as if dl mone~s ~eenred bereb~ had matared prior to its institntion. ~ 16. Mortgsao~ ~rill e~ibit to Mataaaee .rrieeen nceipa, w+bl;shins pa~m~C ot au~ sums roqnired ~o be paid unda anr wperior mortgage or ot6er lien oblisatioa, no hta than fire (S) daTs prioc to the tiaie tLa accelcration oi snch wperior mortp6e or lien eould be declared tor noa•papmeot thereof. , 17. '1Le abetnet ot title ooterins t6e encumbered propert~ a6a11 bdoaa w and remain in the poseeaaion of tbe Mortgagee during the liea of this Mortgage. ` 18. That it is the iatent hereof to secure papmeat of said aWe aad obliguion vr6cthe~ the entirc amount shatl have beea ad~anced 4o the Mortaaaor at t6e date hereof, or at a later date, and to sewre anT other amouat or amounts tbat mar be added ~ to the morlgage iadebtedness under the tecros of this inetrument. The total amouet of iadebtedne~ secnred hexeb~ mar do- ` ! ~ crease or ~~r~asq. ~n ~e to time, but the total unpaid balance no secured at an7 one time a6a11 aot e=oeed the principal ~ + ~ Vd ~UU. sum o{ ~ pl~u interest thereoe and aa~ diaearsements mzde for the paymrnt of tues, ~ levies or insurance oa the pmperty covered b~ the lien oi this mortgage. with iatereat thereoa; and this mort6age shall aecure ; , an~ aad all additioav or fuKbe~ monia w6ich miy be ad~aaced b~ Mortgaga to the 1liortga~or after t6e date henof, which future ad~ance:s oE mone~. i[ made, ahall be eiidenced by a note or aotes e:ceuted b~ tbe Mortgaaor to the 111ort~ee bearing ~ such rate oE inter~at and ~rith suc6 matnrities as shall be determined feoa time to time, bot an~ and all snch future adrauucea seeucrd by t6i~ mortgage s6d1 be made not man than tea (10) peais atcer the date Lato~ Notbina herein coataincd ahall be deaned ~n obligation on t6e part oi t6e Mortgagce W make anY future ad~mces. z~- 19. Tbat in the e~ent the premisa 6ereb~ mortaaaed, or any part thereof. s6a11 ba condrmned and taken for publie use under the po~rer oI eminent domain, the Mort;aaee e6d1 hare t6e rig~t to demaad t6at all dama~es a~rarded for t6e takins of or damsaas to said premises shall be paid W t6e Mort6aaee, its aacce~sors or aseigns. mp to the amount then anpaid on thu ~ mortgage and ma~ be applied npoa tLe pa7meot or payments last parable thaeon ~ 20. The Mortaagor shdl, within 6ve (S) daya from nrittea demand by the Mortgagee, e:ecute ia woh foam as s6aU ~ be required b~ the Mortaa6ee, an estoppel ceriiC~cate and waivec oE defensea. da~ ackaowledgcd. setting fort6;the amount of ~ principal aad interest unpaid henunder aad t~0 general etatus of said mortsaae, aad the iailure of the Hortaa~sr to ~eake and delirer said estoppel artificate aad saiver of deteuse.s ~rithin tl~e time docesaid ahall coastitute a defa~tlt and a bz~ee~ of this mortgage aad s6a11 eatitled the holder hereof W declue all of the unpaid priacipal balaace immediatelp dne and pa7able, . _ . ` t~' 21. Tt is specifically a6reed that tme it of t6e e~ence of this contract and_tLat no waiver a~ an~ obliaatian beneunder or of the obli~ation xcured hereb~ shall at any time thereafter be held w be a wai~er of t6e terms 6ereof oe oI tLe iastnunent ~ secured l~etlby. _ _ t 22. _Tt is understood and agreed t6at the 1liortgasee mar at any timq ~rithout notice to any pason. Sr~at to the ~agor . ~ anp modfieation oi any kind or nature nhatsoever, or allo~r aap change or changea, substitntioa ar substitstioos of an~ of t4e ' property dacribed in this mortgage or auy other ooUueral nLich ma~ be held bf.the Mortgagee without in an~ manner aifcet- iag the liabilitp of the Mortgagor, an~ endorsers of the indebtedness 6ereb~ xwred or aay other penon for t6e papmenc of aaid indcbtedness, toget6er with intereat and an~ other aams which ma~ be d~re and paTabk to t6e Mortgagee, tnd also withoat in an~ ~ manaer a(fecting or impairw6 thc lien of tL'u mortgage upon the remaindet of the propertp and other ooWteral rrpi~h is not changcd or substitnte~d; and it es dao understood and aareed tLat the Mortgagee may at an~ timie,~.~ithoat natice b„Ap _ per- son, relea~e aay portion of the property degcribed in this mortaage or an~ other oolLterel. or ~a~ portion of anr other col- ~ lateral w6ich may be Leld u secnrit~ for the papment of the indebtedneaa LeYeb~ secured, either with or xitlwnt aa~ considera- ~ tion for such release or releases, Kithout in u?~ manner affectin6 the liabilit7 of tLe Mort;aaor. all eadorxra. if an~, and all ; other pereoas Kho a[e or shall be liable for the pa~meat of said indebtednw. and ~it6out affxtina, di~tnrbing ar impsiring in any manner ~rhat~er t6e validitj and priorit~ of the lien of this mortga~e for tLt faIl amount of the indeb[edneae remaining ' ; ~ uapaid, together vrith all interest and advancea ~rhich shall become payable, upon t6e eatire remainder of tLe mortaaacd pmp- r ertp ~chich ia unreleased, and rrithoat in any manner aifcetina or impuirina to any e:teat rr6ataoerer an~ and all other eollatenl security K6ich msy be held by tLe \Sortgagee. It is digtwcdy nnde~stood aad agreed b~ the Mort~or aad R6e Mort6aaee that ~ an~ rekase or relesses maf be mad~ b~ the Mortgagoq withont the ooosept or approvd of an~ other penon or petsons rrhomse- ~ ecer. ~ ' ~ t ! C ~ ` 4 _ ~ - { ~o -2/3 G~ iN ~roa~r a rnxe~ t . ,~i ouE oN ltASS ~C' NiTANSIBtE PEi2SJ1ul ?t~lER~Y. t NRSUANi TO CiiAP'~R 71-I3~. IICIS ~ D/l. F - ~ 806ER !'aiTR~S ~l j~ ' " CLEN( CiNdlli CSY[f, ST. LHC~ q~, R1l ~ ` s . . . , ~ ' IN WITNFSS WHEREOF, the Mortgagor on the day and pwr (itst abore written, 6as ezecuted tLese pr~eqts t~oder seal; , if; w6m and as a rnrpontion, by nad through its dulp authorized officers, as the act and deed of the corporatiosj rrhox namea aPPear 6er~mier. ~ ( (Corporate Seal? , _ , - ~ ~ ~ ~ _ Arrrst: .l (Seal) ~ ~ WII..LIAM E. KEUTER ~ Sisnt ~akd?1~rod1~{td in t!k pnsa~ce o/: - ~ ~C !S.• tSeal) ~ ~ : ; ~ „ - T~'HEL E. UTER ~ - ~ ~ . ' i.~~%~r (Seal) ~ " _ _ _ _ (Seal) . - ~ - (Seal) ~ _ _ - . (Sal ) ; ~00!( f~CE~~,'lt~V t .i~~ . 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