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Home My WebLink About0438 • ~ I as a~t adnrittec~ eqteiti~ a?~d us ~i ~i~attr?• oj e~sri~ kt..tu ~e~ i1,1v~~t~~u~~~~~•, uud u•ithout rejerence tu tlu , i ~ , p~~ ~~~rli ~ot t~~ thc .olrenc~ ur i»solrenc~ o/ thr ; ~ a<le~q?tac~ or ittaclc~~uucz~ of tkr ral+~~ ~?j tler ~1?t ed p'ul J ! 4 bia•tgagor or a~iy other pcu•l~ defeiidnnt to sitch stut. I ~ ~ /n case .Nurt~~n~cc ur « re~~Fri~~r takes po~se•si~,?~ thcy tuk~ p~„s~~ssiun u/', ~ntd jo?• tl~ese~ ~ Neu~oses use, aity «it~l al! pe~r~u~~al i~roPc~'ty ~~~ntaitte~d iii ll~e )n•~'n+ities a~id aesed Gy Mo?•tgagor in thc ~ re?rtal a' leasi~ig thereoj or auy /~art thereo/. Thc cxpcu~e (ii~c(u~tiufl re~ccecer's fecs, coiuesel jees. cost~ cutd ngent's competwc+tio~i) inciu•?•ecl p2~?•stiaiit to tlie po~cers ltercin cu~`<«s~ ch rents,b'ssu ~~a~ d~rojits ~ ~ila•tgagee shall (ajter ~?ri~nie?it oj all costs n~ici exp~rn.5cs iricurred) app y.• ~ , s,.o ;„.roi~fo~l~,ecc cer.iu•cd hereb~ +ii st~ch oreter as :1lortgagee determ~nes. The,r»9hr ~Q ; /~tl.V~vVU _ _ . - ~ j~ ~ entcr and takeVpossession oj said r~bperty~ to mana9e a~ru opera~r ~nc ~u,.« i~ sues nnd projits tliereoj, tt•hetlier bU a reee~t~er' or otli~r•acise, shall be citniu~ative to a?~~ other right or . ; I I reniedy hereunder or ajjorded 6y laiu~ n?id ~~iay be cxercescd ctmcurre~ttly theretvith or indepe~~dently i i ~ thereof. ~iiortgagee shall be liable to aceotutt n~tlv ~or stteh ?'ei~ts, issi~es and profits aetual/y reeeiz•ed by i .iiortgapee. ~ l 5, I~t the eue~et the o~~~ne-rship of the mortgaged premiscs. or uny ~rt thereof, becomes ~vested en a j I~ person other fhan the Mortgagor, the Mortgagee ~niay~ tcithout notice to the Mortgagvr, deal with such ~ si~ccessor or successors in intPrest eeith rejerence to this deed ai:d the debt hereby aecu~red, in the snnie 1 ~i manner cts:vith•the Mortgc~gvr ~cithotit in a~1y ~~•a~ z~itiating or dise.harging the Mortgagor's liubility i~I liereunder or upon the. debt hereby securcd. No sale o~ the prensises here6y mortgaged a~ut no for6~ar- ~ ance on the ~art of the Mortpnyee~ and ~io ext relec se,f dis~ha ~e r»:od j~/,achni ge or af j ct ttheror1 ~inal ~ ure d givc n b y t h e M o r t g a g e e s R a U o p e ra t e t o i linbility of the ifartgagor lierein~ either in ichole or iit pnrt. ; 6. The lie~i of this deed secures a~:d shall contiiiue to secure payme~it of said indebtedness or indeb- y , I ~ enced, ii}hether by said promissory note or a~ty •renewal or extension thereoj or ~ s~~rece.~c~ lip~l P,i P7' P•il(~ ~ i ~ substitute therefor, or otherivise, zintil all sueh i~ide'oieauess ~t~utt t~,~2 b~~n ~:t!~3 3 r• If foreclosure proceedings of aii.y secoitd niort~/age or a~iy jt~?tior lien of any ki~~d should be in- ~ stituted, the .tilortgagee, its successors or asxigns, may at iis option. immediately or thereajt~r deelare i ; ~ I this »:ortgage aud the indebtedness sccurecl hereby dtte and ~aydble• ' i ~ eve» t t he r e m i s e s h e r e b m o r t g a g e d, o r n n y ~ a r t thereo f, shall 6e eondem~zed and ~ ; I: ~ 8. T h a t i n f h P ~ I ~ ta k ei i j o r p u b l i c s e u n d e r t h e p o~~~ e r o j emrne~i t domai~c, t h e M o r t g a g e e, i t s s u c c e s s o r s a n d a s s i g n s. s h a l l ~ h a z• e f h e r i gl~t tQ dentaiid that all da~niages air.arded for tlie taking o f or damages to sa i d p r e n i i s e s s h a u b~ z iid to the hiortgngee, its stcccessors or assigns, up to the a»:oun t t hen un p a i d m i t h i s ~ n i o r t g a ge and ~~u1 y , I ~ be applied upo~i the pnymrnt or pa~~ments lnst paya.6te hereon. . I;I ij ! 9. The terms ''Mortgayor" and ~'~fort~/agee" ir.hetieLer zesed in this instrument shaU inelude the heirs, . f! ~ pcrs~uit »iber s)uill include1the plural and the plx~ral thess i gula ~aand theri se~ o~ any gende ~sha!lSin- ~ I ` gula : I ; ~ elude nU y~nciers. ~ i I 10, lii the ~~r;ent a~i~ prior iuortgage shal! be i~1 default or should au~ af the sums see:u•ed b~ ar~~ Preor ¢ !i mortgnge be in default, then fhis niortqage a~id all indebtedness secttred hereby shall immediately be- ~ I~~ conie due. «nd pa~able ivithout notice. r I 12. The exec:~time of any mortgage or lie~t :ehich is~ unior or infe ~ r to this mortgage nble. shall ~ . i; ~ cau~e this mortgnge and the inde~btedxess secured l:ereb to imi~iediatel beco»:e due ai:d pa.y ; j~ ~ 1-~. If the iudebtediiess secta•ed liereby is nou or hereafter f:crther secured by chattel ~nortgages, : ~ I', i sect~rit~ ayreem~nts. ~Iedges, co~:traets of guaranty, assignme~its of leases, or other seeurities, or if the rc~liises he?•eb~ c~ici~n:6ered consist o/ more tha» o~:e•parce~, .'4fortgagee mcty at its optioiti exhaust nn~ ~ ~ 'i ~ ~ i' ! ol~e or niore oj saicl securities nnd the sccurity hereu~zder, or such pa~rcels of the sec:~rit~ hereta~ er, ~ ` i; ( either cmicurre~:tl~ or i~:depe~:de.ntly. and in_ ss~ch ord~r as Tt may determine. ~ _ 13. L Non ?•e~~urst oj Mort<<c~yor, ~tilortgagee m~~~. nt its sole option, f rom ti»:e to tinie icithin_'~'yea1.S ~ I, ~ that the tofal pri~icipal ~ ~ i~ ~ irun~ tlie ctate hereof, n~ake fi~~'ther adz•anr.es to ~ifortyngor; proz~idcd, leotueLer, ~I ~ xecured hereb~ a~id remaining eai~~aid, shall not at auy tiine exceed the mnximum princiual sum oj_____... ~ ~ Do[[a?•s, excluseve of z~:terest, costs or attontey's jees. ~ I none i . ~ i~ ~ .11ort~/agor shull execute nnd delize~• to ~tilortgccgee a note etiide~icing eacli and erery such furt er a- 3 ~~anr.e rchich :IiortgRgee may ~nake, MortgRgor sliall ~x~~ all st~ch fzu•ther advanees zc:th interest, and the ~ '~i ~ saine, a~id c~ach ~lotc et•ideli~ui the same, shall Le seeured hereL~. Ail proi~isio~ts of this mortgage 41+a11 ~ nl?pi~ tu eaeh jttrthPr adrarice as i~•eIl as to alI other i~rdebtedness seeured hereby. Notliing hereiti con- ~ ; fanied, hozce:~er, shall limit the nnior~nt secured b~ this mortgage if st~ch amotuit is iner•e~sed by ad- ~ ; ~•«nePS niRde b~ Mort~aqee, as herein elseuhere proi~ided for to ~roteet the securi~y. The ~cord "Mort- ; yc~~/oi'' as nsed iTi this paragraph. ii~clt~des an~ si~cccssor iii o:anership of the premises. ~ orded Ly l, ~ 1,. .'~o dela~ by :1lorfgagee in exercisiiig an~ ~-ight or reniedy herei~nder, or other:~~ise ajj ~ lu:r, shall operate as a i!~a:ver thereof or preel:~de the ex~reise thereof cluring the coirtinnance of auy ~ i dcfatclt lierett~?der. Nu tcait'CT' LJ jIOI•tgagce oj «nJ dejni~lt shall co~rstitute a ~~~n~rer oj or eo~:sent to s:~b- ~ i; ; seqtec~:t defaults. . ; Mort~/agor or aiit otlier person (except any perso~t cxpressl~/ ; ; 15. iVithout ccffectin~ thc liabilit~ of J il. I release~l it: zeritiny) for pai~me~rt oj an~ i~idebtedrac>ss sect~red hereb~ or for ?~erforntanee oj an~ obli~n- ~ x ~ tio~~ co~itained hereiu, tttid ~!~ithout «ffecting tl~c riyhts oj :1lortgagee ivitli respect to ~ny SCCl!)'1t1,/ ~IOt QX- { pressly released in re?-ifing, ellort~J«lJee nicr~, uf a~t~ tinic u~rd f?•o~?i time to tinie, either before or afte.r thc (;1 niatru•it~ of said ~int~~. «nd t~•itho~~t ~~oti~e or ro~~senf: ~ ! (a) Rele~asc an~ person liat>le ;or pa~»ie~at oj «ll or «n~ 1x~rt of the i~ttlebteci?tess ~ir for p~'?•- ~ ~ forntnrtce of nn~ obtigatimt. . ! i (b) .llake any agreFn:ent extendi~t~/ tlie timF or other•u•isP alteT~i~ig tlee ternr4 of pn~»iP?~t oj ; ~ all or anU part oj the i~tdebted~:exs, or modif~iitq o~• ~cai~~ing an~ o6lr~atio~t, or ~:~bordsnntinq. ~ modi(yin.U or other:ris~ d~~«lin~/ i~'ith f/~e lieu or rliar~e hereoj. (c) Excrcise or refrain jron: exercisirif~ or rc•Rii~e a~t~ ri,ryht .tiforty~iqee »ia~ haz•~~. ~ (d) Accept additio~:u! security of uii~ kind. _ (e) Release or otherre•ise d~•al icith a~ty propertJ. r~al o?• personal, secttri~tg the iudc~bted?~c_s~, ~ , iucluding c~ll or a~ty pcu-t of the properf~ nto?•tgaycd Itereb~. ~ ~ ; 16. Tltis mortgage is s:~pplensented b~ ar:d si~bject to the ter»i4, coz•enants aiid erniditio~~.c of u oan ~ «~/ree»eent oj eren date herercitle exeeuted 6?~ cnid bet~ceen the. Mortgago-r atui the .~Tortgagce, said loan ~ f ~ ~ ~ • ;,i;: 1 8~iell ~E - ~ , ~ s ~ ~ , _ ~ . . - _