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Default or any acquiesence therein; and every power and
remedy given by the Mortgage herein, or in the-Promissory
Notes to the Mortgagee may be exercised from time to time as
often as may be deemed expedient by the Mortgagee. Nothinq_
in this Mortgage or in the Promissory Notes shall affect the
obligation of the Mortgagor to pay the principal of, and
interest on, the Promissory Notes in the manner and at the
time and place therein respectively expressed.
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30. The Mortgagor will not at any time insist upon,.or
plead, or in any manner whatever claim or take any benefit
or advantage of, any stay, or extension or moratorium law,
any exemption from execution of sale of the Mortgaged Prop-
erty or any part thereof, whenever enacted-, now or at any
times hereafter in force, which may affect the covenants and
terms of -performance of this Mortgage, nor claim, take or
insist upon any benefit-or advantage of any law now or
hereafter in force providing for the valuation or appraisal '
of the Mortgaged Property,, or any part thereof, prior to any "
sale or sales thereof which may be made pursuant to any _
provisions herein, or pursuant to the decree, judgment or
order of any court of competent jurisdiction; nor, after any
such sale or sales, claim or exercise any right under any
statute heretofore or hereafter enacted, by any Governmental
Authority or otherwise, to redeem the property so sold or ~
any part thereof; and Mortgagor hereby expressly waives all
benefit or advantage of any such law or laws, and covenants
not to hinder, delay or impede. the execution of any -power - - -
herein granted or delegated to the Mortgagee, but to suffer
and permit the execution of every power as though no such
law or laws had-been made or enacted. The Mortgagor, for
itself and all who claim under it, waives, to the extent-
that it lawfully oay, all right to have the Mortgaged Prop-
erty marshalled upon any foreclosure hereof.
31. To the extent of the indebtedness- of the Mortgagor `
to the Mortgagee described herein or secured hereby, the
Mortgagee is hereby subrogated to the lien or liens and to
the rights of the owners and holders thereof of each-and i
i every mortgage, lien or other encumbrance on the land de- ~
scribed herein which is paid and/or satisfied, ?n whole or
~ in part, out of-the proceeds of the loan described herein or ~
secured hereby, and the respective liens of said mortgages, ~
liens,-__or other. encumbrances, shall be and the same and each ?
of them hereby is preserved and shall pass to and be held by
the Mortgagee herein as security for the indebtedness to the
Mortgages -herein described or hereby secured, to the same
extent that it would have been preserved and would have been
passed to and been held-by the -Mortgagee had it been duly
and regularly assigned, transferred, set over, and de~ivered
unto the Mortgagee by separate deed of assignment, notwith-
standing the fact that the same may be satisfied and can-
celled of record, it being the intention of the parties
hereto that the same will be satisfied and cancelled of
record by the holders thereof at or about .the time of the
recording of this Mortgage.
32. In the event any one or more of- the provisions
contained in this Mortgage or in the Promissory Notes shall
for any reason be held to be inapplicable, invalid, illegal,
or unenforceable in any respect, such inapplicability,
invalidity, illegality or unenforceability shall, at the
option of the Mortgagee, not affect any other provision of
this Mortgage, but this Mortgage .shall be construed as if
such inapplicable, invalid, illegal or unenforceable provi-
sion had never been contained herein or therein.
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