HomeMy WebLinkAbout1364 ~4~ithout notice, declare all ot the indebt;edness secured by this Mortga~e
immediately due and payable. If I~lortgagee should consent to any sale
or conveyance of the mortgaged property, Mortgagor will not sell all or
any portion o~ the mortgaged praperty unless the purchaser~ as a part of
the consideration, shall either (a) expressly agree to assume the paym~nt
of the inclebtedness hereby secured or (b) expressly agree that the title
and righ4s of such purchaser are and shall remain subject to all and every
the terms of this Mortgage for the complete fulfillment of all obligations
of the Mortgagor hereunder, and unless, also, the deed shall expressly set
forth the said agreement of the purchaser; nor wi11 Mortgagor grant any
easement whatever with respect to any of the mortgaged,property without
the joinder therein of the Mortgagee, or rent or lease any of the mortgaged
property for any purpose t,rhatever for a longer period than one year without
the written consent of the Mortgagee. ~
(10) I1: TiIE TV~T:T tt~e o:inership of ~he prcr~ises covc~•ed hercUy
or zny p~rt thereo~ Uecomes ves~ed in a person o~!~e2• i:h~.n ~:he T•IorL•~a~or,
thc 1•'.ori:~^L;ee r::a;,?, a~i~;llou~: no~icc to the ~~or~~a~~r, deal t•ritli such su~ces-
sor or successors in interest ::5. ~h reference to i:his ?~~ort~a~;e znd 1;o i:he
indeb~eciness herpby secti2•ed in thc s2me M~nner ~ s tiaith i;he 1•iort~G~or, :•:i~h-
out in at~y ~•r~ y? vitiatir.~ or disc~arr;in~ the t•Iort~;~ ~or's li~bility hcre--
unc:ci• or ~:nan ;:he indebteciness he2~eby secured. i1o sale of the pre;~i.ses
covercd her~b;r, and no ror'oe~r~nce on trie part of L-he ?.ort~~.~;or, ~n:i no
extensicn of L-he time for the paa-r:!ent of the indeb~;edness hereby secured,
gi~~en Uy ~n~ ;•:or~~a~ ce, sh`ll ope-rate to release, disch :r~e, modirSr, change
or nffect ::~A original li~.bility of the 2.ort~agor or the liability of
~;he ~uarunt•ors or sureties of the t•iori:~~~or, either in whole or in ~w2•t._
• (~.1) IP1 THE r.'~J~i:T t`:ort~~~or shall default in the prompt payment;,
whe:~ clue, of the iildeb~edness secured hereby, or ~ny thereof, or faa.l
to Y.eep ar.d tierfor~:~ uny of the coven~.n~s or u~ree~~~r.ts herein con ned;
o: in the e:~ent i-ort~~~or, or zny parson liable = or the indeb~edness se-
cured }iereb;~, ar ~.n~r part thereof, file a voluni:Gry petition in bznkrupt;cy,
t~a'fe ~n ~s~i~»~een~ for i:h~ be~C~ it o~ an~T credi.tor, or ~re ad judica~ed
v~n?irunt or~ir.solvenL, - the:~ ~;he ?`_ortr;a~ee, at its ou ~ion, t~~ithout
-notice, rr.~.y declare the erit-ire inaebtedness secured hereby im.*nediately
due and pa~~ble, whereu~on it s~l~ll be so due and payable.
. (12) II' i:ORTG~:GC~t SH1LL P~:. ~OR'•i fwith~ully each and all of th~ cove-
n~.nts and a~2•cer~ents nercin con ~~ined, ~YlCri~ and ~hen only, this I`~':or~:~u~e
sha].1 becc: :e nu? 1 ar.u void ~nd shall be released in due i'orm, at ifor
i ~or~s exp~nse; other~•rise it shall remain in full rorce and effect. hTo
rele~se of ~his :IorL~~~e or the liein thereof shall Ue valid unless executed
~ b5~ thc: 1•:ort;~~ {;ee .
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~ (13) T~~~. ~'tlnC~i•^.Sr:t /1T any foreclostire s~.le liereunder m~~ disaffirm
~ ~.ny ease:~e~t ~r~nte::; or ren~~.l or lease contract r:~de, in violation oi
~ ~ r 1'• i rj"c* C 'i~ ~ n ~a r j
~ an~ provisioZ o~ ~c1__s ,•.o_ .,~,aUe, ~ r:d r~.ay t~.,~c.- ir.i.-~,.di~.te posses~3:on of L.~e
~ mori:~a~,ed pi~o~ert;; free i'ro:.i, ~nci despite ~he terr:~s of, suc2i Ucant o~ e~se-
~ n~en~: and ren~~l or le~.se contract. ~
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: (l g) Tfi: ?i0^'~C=:^:C??~ :~a;~ bid and becoMC the purchaser of the p~•operty
i At any fo~ eclos~.~re : alc 1~~rettnucr. _
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~ desirc, ~;o de:~~::d ^d receive, in ::orL~-,. _;or' ~ rir~ht, all ~u^:~ th~i; r.i,iy
Y Uecor.:e au~ u:~cicr un,~ ~t:a c.:ci~ oil, r^i_ner~ 1. or other lcasc ~ir.d e~ sc-
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