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Home My WebLink About1184 15. it anr ot the wms o( woncp herein reterced to be aot p~omptlr wd tulir paid withi~ 15 daps ae:t atter the wne ~evenllr eome due and payaLle, or it eaeh and erenr the uipulatioaa. a~erments, eoaditioas and co~en~au o( said promia- ~ aote aad this deed. or sither. are not dulr per[oraaed complied r+ith aad abided br. the a~roiate sum mentaaed in said promiswrp note then maaiain6 unpaid. vrith inte~est aecrued to that time. and all moneys ucund hereb~. shall becowe Jue wd pa~able focthwitA. or thereatter. at ~he optioa o( said Mort6~Ree. as fullr aad eompletel~ u i[ all of tbe ~aid sums ot mone~r were or~`inallr uiPulued ~o be Paid on w~h d.r. aarthiaa ia said aote or ia this mortsa~e to the oontran notwithstand- ie~; aad thereupoa or thucatter. at the option ot said Afort6asee, rrithout aotice or deauad. suit at law or ia aquit~ mar be pros~ ecuted a ii al) ma?e7rs secured hetebr had matuoed p~ior to iu institutioa. 16~ 11iort6~or will e:hibit to !1[ott6a6ee ~rritten reee;Pa es~ablishi,~6 wrmeo~ of anr sums r+equirrd a be paid uader ~ar wperio~ mortgage o~ other licn obliaation, no later thae tire lS? daps prioe to the time t6at acceleration o( snch wpuar mortsa6e o~ lien eould be declared (or noa•paYment thereoi. 1T. The abstract o( titk coverins the encnmbaed propertr shall belons w and remaia ia tbe poaaesaioo ot the I11at~es durias the liea o( this blort6a6e. 18. That it is tbe ,n~ent hueot to secure pa~rment of said aote aad obli6ataa ~rhether the enti~+e amount shall bave beea adraaeed to the 11fon6aaor at t6e date hereot. o~ at a later date, and to sxure aar other amount o~ amoi~ats that ma~ be added to tl~e mort6ase indebsedae~s under the terms ot this instrument. The total amouat of lOf~lbl~dAdt ~ecared hueb~ aur de- s erease or iacreaae (~an time to time, but the total unpaid balaace so seeuoed u an~ one time s6a11 not uceed the principal ; wm o[ f 2 S~ 000 _ 00 , plw iaterat thereon and anr disburseinents made for tl~e paYment o( tud. ? lerie~ or inwrance oa the property cmYred b~ the liea ol this mo~tga6e, ~vith iatecc~ ~hereon; and this mort6abe shall seenre aar aad all additioaal or turther moaies ~v6ich mar be ad•an«d br Mort&a6ee ~o ~he Non6aaor a[ter the date be~tof. rr6ich lutnre advanccs of moncr. if made. shall be eridcnced bp a aote or no~es ~ecueed br ~6e 111ort~asor to the 11fod6aaee bearia6 ~ wch rate of intc~est and rrith such maturities as shall be dctermined from time to tim~ but an~ and aU wch future adranees ~ secnred b~ this mortaage shall be made aot more than tea (10) pcars alter the date 6ereof. No~hiua Lcre;n coa~a;ned shall be deemed aa obli6atioa on the part o[ the Moct6a6ee to make aa~ futur~e advaaees, 19. That in the ermt the pcemises hcreb~ mortgased, o~ any part thereot, shdl be condemned and takea for public nse under the power of eminent domain. tht Mort~ee shdi hare t6e right to demaad that all damages a~rarded for the takin6 oi or dama6es to said premises shall be paid to the biort6asee. its successo~s or a~sians. up to t6e amount tLen unpaid oa this mortsa6e aad ma~ be applied upon t6e pa~nnent or pa~ments tase parable thereon. 20. The 1liortaa6or shdl, rithin fi~e (S) da~s troot Mrittm demaad b~ the ~tortgaaee, uaute in snch form as s6all be required by the ~tort6abee. aa estoppel certi(icate and Mairer of defenses, dulr ackr.orrkdged. settiog forth tM amount of principal and interest unpaid hercunder and the grneral status o[ said mort6agG and the lailure oi the 11loA6a6or w make and ~ delirer eaid estoppel certiticate and wairer ot defenses r?ithin the time a(oraaid ahall constitute a detanlt and a brueh ot this mort6age and s6all entitled tLe holder hereof to declare aU oi t6e unpaid principal balance immediately due aad papbk. 21. It is speci(ically agreed that time is of tbe esaeaee ot this eoatnct aad that no ~rairer of sa~ oblisation 6ereneder or of t6e obliaation seeured 6ereby shall at aar time therealter be held to be a xaircr oI the terms 6eroof or o[ the io~trument teeurcd herebn ~ . 22 'It is understood and agreed that the l~tong~ee map at an~ time. xit6out notice to any penon, gant to t6e 11fort6agor aaY modification ot ans kind or nature w6atsoecer, or allo~r any ehaage or ehanaes, substitntioa or substitutions of an~ oI t6e Propertr de~cribed in t6is mortgage or anp other coUateral r?hich msy be held b~ the ~1ort6a6ee without ia anr manner affect- ~ia6 t6e liabilitr of the 1ltortgagor, an~ eadorsen of the indebtednas herrbr xcural or aar w6er pe~son for the paYmmt of said ~ indeMedness, to6et6er ~rith interest and anY other suma which ma~ be due and payable to the Afoet6ageq and also withont in anr - manner atkcting or impairing tl~e lien of this mort6age upoa the remainder of the propert~ aad other oollateral ~rhic6 is not ~ changed or wbstituted: and it is also understood-and a~eed that the 1lfort6agee may at anr time. wit6ont notice to anr per- •on. release anr portion o[ the property described in t6is mortgaae or anr other collateral. or an~ portan of anr other col- latrial rr6ich may be held as securi~r !or ~he pa~~meo~ ot ~he indebcedness herebr sceurrd. either kit6 or xit6ont anr oonsidera• - tion for wch telease or reltases, vrithout in anr rnanner dfecting t6e liability of the 1ltort6a6or. all eadoners. if aar. aad all othex persoas ~rbo are or shell be 1'uble for the papmcat of ssid indebtedness. aad nitbont affertin6. distarbin6 or impairin6 in ~ aor manner what~oe+Yr the ralidiqr and priority ot the lien oi this mortgaae for the [ull amount of the iadebtedaas remainin6 ~ unpaid. to6ether r+ith atl inter~eat and ad~-anaa ~r6ich s6all betome payable. upoa tlu cntire temainder of t6e motiga6ed prop- t»~ ~shich is unreleased. and Mit6out ia anr manner dfectin6 or impairin6 to anr e:tent ~rlutroeier aay and all other oollateral ` secnrity rrhieh mar be hdd br the 1lfort~ce. It es distu?ctir uodastood and ag~eed b~ t6e Mort6a6or and tbe 1liataa6ee t6at ~ aar rdeaae or nleasa mq be made br the Mortgagee ~rithout t6e conxnt or spproval oi any ot6e~ penon or penons ~rhom+o- ~ i e~er. r ` 23 . Et,.,seq . See ADDITIONAL COVENANTS attached hereto and made a part ~ k hereof . ~ ~ ~ ' E I z ap i 1 . ~ ~ 1N WITNESS WHEREOF, the 1~lortaagor on the dar and rear tirst abore Mrittm. 6u e:ecnted thae presenu nnder seal; it, wlxn and a+ • corpontioo. by and throush its dul~ anthorired o[ticers. as the act and deed ot t6e oorpontion, ~rbose names appear 6enunder. (Corponte Sedl ~ Asr~r: (Seal) ~ , 7 n ~ Sianed, tealed, ~tad ond ~lt 'oered ir? preatnce o/: ~ 7 (Sal) ~ U ~ ~ ' ~ (Sal) ~ Edward G . Cridland . ~ (s~~ ~ ~c~, ~ . ~'Ltr~~ ~ (Seal) ~ Carole L. Cri lan , is wi e i ~ (Se.l) ~ . BQOx~3 FaLE11~ ~ w~ ~ ~ ~ ~ _ . ;