HomeMy WebLinkAbout0259 r
written corlsent of Mortgagor or such other person and, in the last
mentioned event, Mortgagor and all such otf~er persons shatl contirtue
liabtc to make such payments according to tlie terms of any such
agreement of extension or modification unless expressly released ;
,
and discharged in wr~ting by the Mortgagee thafi Mortgagee may ~
e^elease, reqardless of consideration, any party liable upon or in
r~p~ct of the Mortgage Note, or any part of the security hcld for
ti~e indebtedness secured by this Mortgagc without, as to any other ~
i
party or as to the remainder of the security, tn anywise, impairing
. ~
or affecting the tien of this Mortgage or the priority of such lien ~
over any subordinate lien; and that Mortgagce may resort for the
r
payment of the indebtedness secured by this Mortgage to any other
security therefor held l~y Mortgagee in such order and manner as
Mortgagee may elect.
2t. That if tfie Mortgagor shall fail, negiect or refuse
to promptly pay the amounts required to be paid by the Note
t
hereby secured or the interest ti~erein specified or any oF the '
sums of money herein e^eferred to or hereby secured, or otherwise
duty, ~ily and promptly to perform, execute, comply with and ~
abide by each, every or any of the covenants, conditions or
stipulations of tfiis Mortgage, the Promissory Note hereby secured, ^
then and in either or in any of such events, without notice or }
- ~
.
t
demand, t.he said aggregate sum mentioncd in said Promissory Note, ~
f
' less previous payments, if any, and any and alt sums mentioned
F
herein or secx,red hereby shall become due and payabte forthwith
or thereafGer at the continuing option of the Mortgagee as fully
i
and completely as if said aggregate sums were originally sttputated
to be paid at such time, anything in said Promissory Note or
herein to the contrary notwitt~standing, and the Mortgagee shalt be ~
errtitled thereupon or thereafter without notice or demand to
~
-14- . 0 R i
~ ~3~ ;
:
,
i
~
~ .
~r~ . - r ~ ~
~~'+.s~.w'~'~"- 7^ti :ā^T ~ J i "`7~
....v ..i,~ . 'yN-Jā`Y~.~~x._'~