HomeMy WebLinkAbout0435 of Mortgagee hereunder, but such lien, rights, powers and
remedies shall continue unimpaired as before.
(d) Any monies collected o~ received by Mortgagee
under this paragraph 2.12 shall be applied as follows:
(i) First, to the payment of reasonable compen-
sation, expenses and disbursements of the agents,
attorneys. and other representatives of Mortgagee; and
(ii) Second, to payment of amounts due and unpaid
under the Note, this Mortgage and all other instruments
securing the Note.
2.13 Dela or Omission No Waiver. No delay or omission
of Mortgagee or of any o der of .the Note to exercise any
right, power or remedy accruing upon any Event of Default
shall exhaust or impair any such right, power or remedy or
shall be construed to waive any such Event of Default or to
constitute acquiescence therein. Every right, power and
remedy given to Mortgagee may be exercised from time to time
and as often as may be deemed expedient by Mortgagee.
2.14 No Waiver of One Default to Affect Another. No
waiver of any Event of Default hereunder shall extend to or
affect any subsequent or any.-other Event of Default then
existing, or impair any rights, powers or remedies con-
sequent thereon. If Mortgagee (a) grants forbearance or an
extension of time for the payment of any sums secured
hereby; (b) takes other or additional security for the _
payment thereof; (c) waives or does not exercise any right
_ granted in the Note, this Mortgage or any other instrument
securing the Note; (d) releases any part of the Mortgaged
Property from .the lien of this_Mortgage or any other instru-
ment securing the Note; (e) consents to the filing of any
map, plat or replat of the Land; (f) consents to the grant-
ing of any easement on the Land; or (g).makes or consents to
any agreement changing the terms of this Mortgage or sub-
ordinating the -lien or any charge hereof., no such act or
omission shall release, discharge, modify, change or affect
the original liability under the Note, this Mortgage or
otherwise of Mortgagor, or any subsequent purchaser of the
Mortgaged Property or any part thereof or any maker,
~ co-signer, endorser, surety or guarantor. No such act or
~ omission shall preclude Mortgagee from exercising any right,
power or privilege herein granted or intended to be granted
f in case of any Event of Default then existing or of any
l subsequent Event of Default nor, except as otherwise ex-
~ pressly provided in an instrument or instruments executed by
Mortgagee, shall the lien of this Mortgage be altered
thereby. In the event of the sale or transfer by operation
of law or otherwise of all or any part of the Mortgaged ~
Property, Mortgagee, without notice to any person, firm or
corporation, is hereby authorized and empowered to deal with
any such vendee or transferee with reference to the Mort-
gaged Property or the indebtedness secured hereby, or with
s reference to any of the terms or conditions hereof, as fully t
and to the same extent as it might -deal with the original i
parties hereto and without in any way releasing or dis-
charging any of the liabilities or undertakings hereunder.
`s
~ 2.15 Discontinuance of Proceedings; Position of Parties
Restored. If :Mortgagee shall have proceeded to enforce any
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8~ 339 P~F 435
' MAMONEY HAOLOW 6 /~10AM5,1401 AMERIffRST BUILDING. M~AM1, FlOtt10A 33131 TE~.(305) 356-5550
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