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Home My WebLink About0299 have all benefits, rights and remedies described i~ said Loan Agreement, the benefits, rights and remedies of hiortgagee hereunder being cumulative and in addition to those described in said Loan Agreement. 12. Future Advances. In addition to all other indebtednesses secured by the first lien of this ;~4ortgage, this ~~lortgage shall secure also and constitue a first lien on the mortgaged property for all future advances made by the ~111ortgagee to Mortgagor within three (3) years from the date hereof to the same extent as if such future advances were made on the date of the execution of this ~Iortgage. Any such advances may be made at the option of ?Viortgagee. The total amount of the indebtedness that may be secured by this ~vfortgage may increase or decrease from time to time, but the total unpaid balance secured at any one time by this Mortgage shall not exceed a maximum principal amount of twice the principal amount stated in the promissory note, a substantial copy of which 3~ incl»r)Ptl hPrPin; nlus ~nterest thereon and any disbursements made by INortgagee for the payment of taxes, levies, or insurance on the property encumbered by this Mortgage, with interest on such disbursements. 13. No Waiver of Rights. No waiver by Mortgagee of any default ~ shall operate as a waiver of any other default or of the same default on a I ~ future occasion . i1o delay or omission on the part of the Mortgagee in ~ exercising any right or remedy shall operate as a waiver thereof, and no ~ 6 ~ single or partial exercise by ~4ortgagee of any right or remedy shall ; s ~ preclude an~r other or further exercise thereof or the exercise of any other right or remedy. Time is of the essence of this ':Tortgage. The provisions ~ of this i~lortgage are cumulative, and in addition to the provisions of the ~ note secured by this :.iortgage and other instruments securing said note, ' ~ ~ and :Jiortgagee shall have all the benefits, rights and remedies of and ~ ~ ~ under the note secured hereby and any other instrument securing same. ~ ~ ~ ~ ~ ~ ~ ~ _g_ ~ ~ ~ 800K ~lO PACf ~a7a7 ~ ~ ~ ~ ~ ~ ~ ~ ~g""'~-~^~ _ . ~.ti~~` ~