Loading...
HomeMy WebLinkAbout0630 tb) Any failure by Mortqaqee to :i~~sist upon strict performance by Mortqaqor of any of the terms and provisions of this Mortqaqe, the Loan Aqreement or the ~1ote shall not be deemed to be a waiver of any of the terms or pravisions there- - of, and Mortqagee shall have the riqht thereafter to insist upon strict performance by Mortqaqor of any and all of them. (c) Neither Mortqaqor nor any other person now or hereafter obligated for payment o~ 311 or any part of the sums now or hereafter secured by this Mortgaqe shall be re- . lieved of such obliqation by reason of the failure of Mort- qaqee to comply with any request of Mortqagor or of any other person so obligated to take action to foreclose on this Mortqaqe or otherwise enforce any provisions of the Mortgaqe or the Note, or by reason of the release, reqardless of con- sideration, of all or any part of the security held for the indebted~ess sec:ured by this Mortgaqe, or by reason of any aqreement or stipulation between any.subsequent owner of the Mortgaged Property and Mortgagee extendinq the tune of pay- ment or modifyinq the terms of the Mortgage or Note without first havinq obtained the consent of Mortgagor or such other person; and in the latte~ event Mortgagor and all such other persons shall continue to be liable to make payments accord- inq to the terms of any such extension or modification agree- ment, unless expressly released and discharged in writing by Mortgaqee. (d) Mortgaqee may reZease, regardless of considera- tion, any part of the security held for the indebtedness se- cured by this Mortqage without, as to the remainder of the . security, in any way impairing or affecting the lien of this Mortgage or its priority over any subordinate lien. (e) For payment of the indebtedness secured hereby Mortqagee may resort to any other security therefor held by Mortgagee in such order and tuanner as Mortqagee may elect. 24. Mortgagor's Waivers: Mortgagor hereby waives and releases: (a) all benefit that might accrue to Mortgagor by virtue of any present or future law exempting the Mort- gaged Property, or any part of the proceeds arisinq from any sale thereof, from attachment, levy or sale on execution, or providing for any stay of execution, exemption from civil prccess or extension of time for payment; and - (b) unless specifically required herein, alI no- tices of Mortgagor's default or of Mortgagee's election to exercise, or Mortqagee's actual exerci.se of any option under the Loan Aqreement, the Note or this Hortgage. 25. Counsel Fees: If Mortgagee becomes a party to any suit or procee ing a ecting the .~iortgaged Property or title thereto, the li~n created by this Mortgage or Mortgagee's interest therein, or if ~iortgaqee engages counsel to collect any of the indebtedness or to enforce perfor.nance of the agreements,~conditions, covenants, provisions o= stipulations of this Ko#tgage, the Loan Aqreement or the Note, ~±ortgaqee's costs, expenses and reasonable counsel fees, whether or r.ot J -13- ~9ti r.s~% ~~0 ; : . ` = - - - . - - - _ : ~ ~ ~ ~a ~ ~ = ~ ~ ~'~,~.:n.,. ar'~"` -~^s`,,~ ~ ,f~. _ r~ ~ - ~ . , . - ':~,a. ~ ~s"~a~l`~j - -Y~*~~r~~~~~~: