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us an nd»titted cquit~~ a?id ns « niatt~•?• of absu[~ttc ri~ltt tn tlie .11~~~~/~/n~~e~f, re~id ~~~ithot~t ~•~'fe?•E-~t~c to tli~•
I' ade~qt~a~ ~ or ii~adey~ui~y uj N~~ i•nlr~e ~>f th~~ n~urtya~/ed p?•o1?~•rl y ur ti~ tirP so!~•Pnc~ or iiisolr~n~i~ of the•
i ~Nortgagor or a~ry nther ~xerty ~lele~tdu»t to s?ech st~it,
~ In ccise .Nurt~r~gc~e .?r ~t 'rea~ir~~r takes pnssessiu?i th~•y trek~~ ~,us.~ .:sion uj, and j~r tAese >
purp~ses use, auy ;eud aJl ~~~rsaial Nro)~crty contai~~cd in the pr~~»~ises a~id used by Mortgagor in the
reutal or leasing thereoj or aisy ~art thereoj. The expense (incl~~di~iy rcceez•er's ~ecs, cor~nsel jees, custs
aud apent's compe~isntiu») incierrrd p~~rsuc~nt to the poicers le~rcin c.u~ttue~:ed shn?! be secured hereby.
:tilortgagee shal'1 (ajter gxeUn:e~:t oj al! costs a»d expenses nic:u•r~~d) appl?1 st~c~t rents, isst~es ct~id prof it3
receie~ed by it o~i the inde6tedlie~s sectu•ed he.reby ir~ such ar~lcr a~ ,liortqagee d~•t~•rmiries. The r~ght tu
enter and takt possesseoit oj satd prnNert~~ to manape rt»d operc~te the sa»ie~ a?td to co[lc~ct the rents, is-
suPS and projits thereof. i~•hethe?• b~ ~i receii~er c»• oth~~?•re•isr, a'hal! l,e cr~n~ulatii•~ to a~i~ other ripht or
remedy herezcncter or ajjorded hy la~r, n~id nia~ be exercisr~c! conct~rrently t/te?•esvith or endcpe~adently
the?•eoj. ,~fortgagee shall be iinble to n~~~ut~f~t u?rl~~ ~or siiel~ .•~i~t~, i~•uc, and p?•ojits actieally rr~ce~~ed Gy
~ ltortpagee. ~
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5. In thP ezent the oicnership of the n~ortynyed prentises, or a~iy part the.reof, becomes a•ested ii~ a `
! person other thnn the Mortgagor, tl~e. .tilurtgagec niu~, u•ithout notice~ to the .tiia't.ga9or, deal icith sicch
+ successor or successors i~: i»tPrest :e~ith reference to this deed aud the debt hereby seceired, in the sa»ie '
; manner as zvith•the Mortgagor uithout in a~i~ ~~•ay i•itiatin~ or disehargitig the diortgagur's Iinbility >
! hereunder or upoi~ the debt hereby seciu•ed. ~Yo saie oj the premises hereb~ ntortgaged und no jor6ear- ;
ance on the part of the Mortgagee. a~td no extensio>: of the ti~f:e jor the lmynaent oj the debt hereby sec- -
ured given by the .'~lortgapee shall o~erate to release, dis~harge, n~odif~, chcvage a• aJfecf the origi?tnl {
liability of the Aiartgagor hereiii eiiher i~~ ichole or in part, ~
I 6. The lie~: oj this deed seei~res and shall conti~iue io seeurt payment of said indebtedness or indeb-
I tednesses. ho:vever ez~idenced, :vhether by said promissory note or an.y renezvat or exfension thereof or
I substitute therrfor, or otheruese, until all such i~idebtediiess shall haue been j:elly paid. ;
I 7. !j joreclosure proceedings oj any second mortgapP or any ju»ior lieu of ~in~ ki~~d should be in- £
stituted, the .Nort~agee, its successors or assigns, may at its option~ imnsediately or thereafter declare =
this n: rtgage and the indebtedness seeru•ed hereby dz~e and paya6le, ~
8. lhat in the e,vent the premises hereb~ n:ortgaged, or any part thereoj, shall be condemned and
taken jor publie use under the power of em~iient domain, the Mortgagee, its suecessors and assigns, shall
, haLe the right to demand that all da.mages az~~a~ded for the takeng oj or damages to said preniises shall be ;
' paid to the Mortgapee, its successors or assigns, up to the an:ount theu uitpaid on this mortgage a~ul n:ay '
~ 6e applied upon the pnyment or payn:ents tast payable hereou. ~
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9. The terms "Mortgagor" and .~iortgagee" ~ehe~iea~er used in this znstr:rnie~:t shail inelude the heirs, ~
~ personal representatives, s:~ccessors and ~ssigns oj the respectit•e parties hereto. Wherever used the sin-
gular num6er shall include the plural and the plurnl the singular, and the use of any gender shall in- ;
' clude aU genders, z
10. In the event an~ prior n~o1•tgaye shafl be. in dejaidt or should ali f o~ the sums seeured bU any prior
i~ mortgage be in default, then this mortgage nnd all indebfedness seeured hereb~ shall imnaediately be-
j i come due and payable zcithout notice.
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i 11. The execution of any mortgage or lien zvliich is junior ar injerior to this mortgage lie~~ shnil s
'i i uzcse this martgage and tlie i~:debtedness secured hereby to inimedtately beconie dt~e arid puyable. ;
;~j ' ll. If the indebtedness secau•ed hereLy is nu:c or hereafter jterther sec:ired by chattel martgages. ~
i security agreements, pledges, contraets of guarn~ity, assignments oj leases, or other securities, or ij fhe ~
i~~ premises hereby crncumbered cansist oj ~»iore than o~ie ~xircel, hiortgagee mny at its option exluiust an~ ~
one or »iore of said seeurities and the scc:trit~ herc~under, or such pare~ls of Nie secr~rit~ herPr~nder,
(~i i either concurre»tly or independcntly, and in such ord.~r ~s it »aa~ determiue.
1~ 13. Upon re~~:~est of ~'tlort~/«~~~r, 1lnrfgu,qce ma~. <<t it.s cnle optin~i, fro»t fi~tt~ t~? tinte tt•ithin___. _~en~x
~ from the. date hereof, make fr~rNier adz•anees to .~lortgagor; proi•id~rl,~ hos~~Fi•er, that the total principal
j~ se red hereb~l arid remaining :in)~aid, shall not at any time exceed th~ maailnunt Jn-i~+eipal sttm oj_____..
, _._~"l,.~1Q?QOII~~Q--------- Dollars, excluseze oj ~ieter~~st, costs or attorney's fees. '
{ .~fortgagor shall execute nitd deli2•er to <<fortgagee a note ec•ide»cing Paclt and et~ery such Jzti~her ad-
; vance u~hich Mortgragee n:ay make~ 111ortgagor shall pn~ all sttch fzerfher adt•ances zcith interest, and the
? same, and each ~iote eridencing the snme, shall be secured hereb~. All ~roz•isio~is of this mortgage shall
, ' i apply to eaeh further adLanee as tr.ell as to all other indebtedness sPCUred hereby. Nothing herein con-
i fained~ however, shall limit the amount seeured b~/ th~is mortgage ij such amo:~nt is increased b,~ ad-
~ I zances made b~ 1Kortpagee, as herein elsetchere provrded for to protect the sectcrity. The ~i•ord "Mort-
~ gagor" as used in this pnragraph, includes an~ successor j~i ounership of the premises.
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' 14. No delay by ~ifortgagee in exereising any right or rentedy liere:nider, or othericise afjorded by
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E j' i laic•, shall operate as a zcaiver thereoj or ~recl:~de the exercise thereof diu•ing the contin,~~a~:ce oJ any _
i ~ dejault hereunder. .'Vo u•aii•er by .iiortgagee of an~ dejasdt shall constit2ite a~e~nit~er of or co~isent to si~h-
; ~ ~ sequent dejaults. . -
~ ~ 15. Witltout affecting the liabilit~ of Mortgagor or a~t~ other perso~t (except ai:y perso~a cxpressl~
` ~ ~j released in writinp) for pay»ient oj an~ r~tdebtediiess sect~red hereb~ or for perjorntance oj an~ obliga-
~ tion contained hereen, and uithout ajfeetinp the rights of Mortgagee ivith respeet to any seeurity ~iot ex-
: pressiy released in:uriting, Mortgagee may. at any tinie a~rd froni fr»ie to time, either bejore or ajter the
maturity oj said ~sofe, and irithor~t notice or co~rsent: :
(a) Release any person liable for pay»~ent oj crll or an~ part of the i~:debtedrress or jor ~e?•-
~ formance of any obligatio~:.
' ~(b) ~ Make any dgreement extending the time or otheri~•ise aitering the terms of pa~nient of
~ all or any part of the indebtednexs, or modijying or uaiiinp an~ obltgatioit, or suborciixiatii:g.
i(~ modijying or otherwise dealing z~~ifh ihe lien or.charge hereof..
' ~~i (e) Exereise or reJrain from exereisi~ig or tc~ize a~:y right .Kort.gagee may hai•e.
~ (d) Accept additio?ial security oj any kind.
• (e)~ Release or other:vise deal ~eith anf ,-~roperty, real or personal, securin the indebtedne. s.
"s i~~ ~ ineluding al! or any lxirt oj th~ ~ro~erty~nim•t~aged hereb~. ~ C
` t~~ ~ 18. This mortga,qe is su~ple»eented b~ nnc~ subject to the terms. coz•~nants aud eonditions of ~t tuan
~ ~ ayreement of ei~en date here:~•ith execr~ted by nnd het«•~~en the .liortgagor aitd the ~lortyagee, ~aid loan
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