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24. That the failure•of Mortgagee to exercise the option for acceleration of
maturity and/or foxeclosure following any default as aforesaid or to exercise any
other option granted hereunder to Mortgagee or in any one or more instances, oz the -
acceptance by Mortgagee of partial payments hereunder Shall not constitute a waiver of
any such default, but such option shall remain continously in force. Acceleration of
maturity, once claimed hereunder by Mortgagee may, at the option of Mortgagee, be
rescinded by written ackna?ledgament to that effect by Mortgagee, but the tender and
acceptance of partial payments alone shall not in any way affect or rescind such
acceleration of maturity.
25. That the rights and remedies herein provided are cumulative and Mortgagee,
as the holder of the note and of every other obligation secured hereby may recover
judgment thereon, issue execution therefor and resort to every other right .or remedy
available at law or in equity, without first exhausting and without affecting or
impairing the security of any right or remedy afforded hereby and no enumeration of
special rights or powers by any provisions hereof sha21 be construed to limit any
grant of general rights or powers, or to take away or limit any and all rights granted
to or vested in Mortgagee by virtue of the laws of the jurisdiction wherein the subject
premises is located.
26. Zfiat Mortgagee, without notice and without regard to the consideration, -
if any, paid therefor, and notwithstanding the existence at that time of any inferior
deeds of trust or other liens thereon, may release any part of the security described
herein or may release any person liable. for any indebtedness secured hereby without -
in any way affecting the priority of this Mortgage, to the full extent of the indebted-
ness remaining unpaid hereunder, upon any part of the security not expressly released.
Mortgagee may also agree with any party obligated on said indebtedness or having any
interest in the security described herein, to extend the time for payment of any part
or all of the indebtedness secured hereby, and such agreement shall not, in any way,
release or impair this Mortgage, but shall extend the same as against the title of
all parties having any interest in said security, which interest i.s subject to this
Mortgage.
27. That in the event Mortgagee: (a) releases, as aforesaid, any part of the _
security described herein or any person liable for any indebtedness secured hereby,
or (b) grants an extension of time on any payments of the indebtedness secured hereby,
or (c) takes .other or additional security for the payment thereof, or (d) waives or
fails to exercise any right granted herein or i.n said note, any said act or omdssion
shall not release Mortgagor, subsequent purchasers of the said premises or any part
hereof, or makers, sureties, endorsers or guarantors of the note, from any obligation _
or any covenant of this Mortgage or of the said note, nor preclude Mortgagee from
exercising any right, power or privilege herein granted or intended to be granted
in the event of any other default then made, or any subsequent default.
28. That Mortgagor will execute and deliver to Mortgagee on demand, and hereby _
authorizes and irrevocably appoints Mortgagee the attorney-in-fact of Mortgagor to
execute and deliver: (a) such financing statements and other instruments as Mortgagee
may require to impose the lien hereof more specifically upon any and all fixtures and
personal property mentioned herein; (b) such security agreements 'and financing statements
as Mortgagee may require to give Mortgagee a first security interest in and to all leases, -
rents, royalties, issues and profits of and from the mortgaged premises, and in and to
all property of every kind, type and description whatsoever owned by Mortgagor which, in
the sole opinion of Mortgagee, is required, necessary or essential to the operation of the
Mortgaged premises; and (c) financing statements, renewals, affidavits, continuation
statements, certificates, or other documents to perfect, preserve, maintain, continue and
extend all of the aforesaid security interests and their and each of their priorities.
Mortgagor agrees to pay Mortgagee on demand all fees, costs and expenses incurred by
Mortgagee in connection with the preparation, execution, recording and filing of each
such document. This mortgage shall constitute a sufficient security agreement to support
any such financing statements or other documents, pursuant to the Uniform Commercial -
Code or other applicable laws of the pertinent jurisdiction. If the lien of this -
mortgage on any fixtures or personal property be subject to a conditional bill of sale,
chattel mortgage or security interest covering such property, then in the event of any '
default hereunder alI the right, title and interest of Mortgagor in and to any and all
deposits are hereby assigned to Mortgagee together with the benefit of any payments now, _
heretofore or hereafter made 'thereon.
29. Zb the extent of the indebtedness of Mortgagor to Mortgagee described herein, -
or secured hereby, Mortgagee is hereby subrogated to the lien or liens and to the rights _
of the owners and holders thereof of each and every mortgage, lien or other encumbrance
on the land described herein or secured hereby, and the respective liens of said mortgages,