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HomeMy WebLinkAbout1551 any one or more of said securities and security hereunder, or such ~ parcels of the security hereunder, either concurrentZy or independ- - ently, and in such order as it may determine. 11. No delay by-Mortgagee in exercising any right or remedy otherwise afforded by law shall operate as a waiver hereof or preclude the exercise thereo£ during the continuance of any default hereunder. 12. Without affecting the liability of the Mortgagor or any other person for payment of any indebtedness secured hereby or for performance of any obligation contained herein without affecting the rights of the Mortgagee with respect to any security not expressly released in writing, Mortgagee may, at any time, and from time to time, either before or after the maturity of said note and without notice of consent: (a) Release any personal liability for payment or partially release the mortgage~ property, or payment of all or part of the in- debtedness or~for performance of any obligation. (b) Make any agreement extending the time or otherwise altering the terms of payment of all or any part of the indebtedness or modifying or waiving any obligation, or subordinatiny, modifying or otherwise dealinq with the lien or charge hereof. (c) Exercise or refrain from exercising or waive any right Mortgagee may have. - ~ (d) Accept,additional security of any kind. (e) Release or othexwi:=e deal with any property, real ar personal, securing the indebtedness, including all or any part of the property mortgaged hereby. ; 13. Any agreement hereafter made by Mortgagor and MOr~gagee i 0 pursuant to this mortgage shall be saperior to the rights of the holder of any intervening lien or encumbrance. 14. Mortgagor hereby waives any right of hom~stead exemption on tne property subject to this mortgage. 15. The covenants and agreemerits herein contained shall bind and benefit and advantage shall inure to the respective heirs, execu- E tors, administrators,successors and assigns of the parties hereto. s -s- ~tE 1~~Q _ _ - ~ a~ _ _ _ v - - ~ ,r_ . . -