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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 fn exercising any right or
remedy hereunder, or otherwise afforded by law, shall operate
as a waiver thereof or preclude. the exercise thereof during
the continuance of any default. hereunder. No waiver by Mortgagee
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 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 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 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; _
(b) Make any agreement extending the time or
otherwise altering the terms of payment of all or any part of
~ the indebtedness, or modifying or waiving any obligation, or
~ subordinating, modifying or otherwise dealing with the lien
or charge hereof ;
(c) Exercise or refrain from exercising or waive
~ any right Mortgagee may have;
(d) Accept additional security of any kind; and
~ (e) Release or otherwise deal with any property,
real or personal, securing the indebtedness, including all or s
any part of the Mortgaged Property.
18. Any agreement hereafter made by Mortgagor and
Mortgagee pursuant to this mortgage shall be superior. to the
rights of the holder of any intervening lien or encumbrance.
19. Mortgagor hereby waives all right of homestead
exemption, if any, in the Mortgaged Property.
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