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interests, financing statements, pledges, contracts of -
guaranty, assignments of leases, or other securities, or if
the Mortgaged Property hereby encumbered consists of more -
than one parcel of real property, Mortgagee may at its
option exhaust any one or more of said securities and security
hereunder, or such parcels of the security hereunder, either
concurrently or independently, and in such order as it may
determine.
15. This Mortgage shall secure not only existing
indebtedness, but also such future advances, whether such
advances are obligatory or to be made at the option of
Mortgagee, or otherwise, as are made within. twenty (20)
years from the date hereof, to the. same extent as if such
future advances were made on the date of the execution of
this Mortgage, but such secured indebtedness shall not
exceed at any time the maximum principal amount of two
times the amount of the Note, plus interest, and any disbursements
made for the payment of taxes, levies, or insurance, on the
Mortgaged Property, with interest on such disbursements. Any
such future advances, whether obligatory or to be made at the
option of the Mortgagee, or otherwise, may be made either -
prior to or after the due date of the Note or any other.
notes secured by this Mortgage. This Mortgage is given for
the specific purpose of securing any and all indebtedness
by the_Mortgagor to Mortgagee (but in no event shall the
secured indebtedness exceed at any time the maximum principal amount
set forth in this paragraph) in whatever manner this indebtedness
may be evidenced or represented, until this Mortgage is -
satisfied of record. All covenants and agreements contained '
in this Mortgage shall be applicable to all further advances -
made by Mortgagee to Mortgagor under this future advance
clause.
16. No delay by Mortgagee in exercising-any right or
remedy hereunder, or otherwise afforded by law, shall operate
as a waiver thereof or preclude the exercise thereof during
the continuane of any default hereunder. No waiver. by -
i4ortgagee of any default shall constitute a waiver of or
consent to subsequent defaults. No failure of Mortgagee to
exercise any option herein given to accelerate maturity of
'the-debt hereby secured, no forbearance by Mortgagee before
or after the exercise of such option and no withdrawal or
abandonment of foreclosure proceeding by Mortgagee shall be
taken or construed as a waiver of its right to exercise such
option or to accelerate the maturity of the debt hereby
F secured by reason of any past, present or future default on
the part of Mortgagor; and, in like manner, the procurement
of insurance or the payment of taxes or other liens or
~ charges by Mortgagee 'shall not be taken or construed as a
i waiver of its right to accelerate the maturity of the debt
hereby secured.
17. Without affecting the liability of Mortgagor or
any other person (except any person expressly released in
~ writing) for payment of any indebtedness secured hereby or
for performance of 'any obligation contained-herein, and ~ '
without affecting the rights of Mortgagee with respect to '
~ any security not expressly released in writing, Mortgagee
G may, at any time and from time to time, either before or
after the maturity of said- note, and without notice or
consent:
(a) Release any person liable for payment of all
or any part of the indebtedness or for performance of any
obligation.
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