HomeMy WebLinkAbout0978 . intended hereby to give to the Mortgagee the widest
poesible discretion permitted by law with respect to all
aspects of any euch sale or salee. ~
(e) Without declaring the entire unpaid principal
balance due, the Mortgagee may Poreclose only as to the
swa past~due, without in3ury to this mortgage br the
displacement or impairment oP the remainder of the lien
thereof, aad at such foreclosure s~le the property shall
be sold sub~ect to all remaining items of indebtedness;
and Mortgagee may again foreclose, in the same manner, as
~ often as there may be any sum past due.
4,03 Remedies Not Exciusive. Mortgagee shali be entitled
to enforce payment and performance of any indebtedness or
obligations eecured hereby and to egercise all rights and
powers under this Mortgage or the Notes secured hereby or
under any other agr~ement or any laws now or hereafter in
force, notwithstanding some or all of the said indebtedness
and obligations 8ecured hereby.may now or hereafter be
otherwise secured, whether by mort~age, deed of trust, ,
pledge, lien, assignment or otherwise. Neither the
acc~ptance of this Mortgage nor its enforcement shall
prejudice or in any manner affect Mortgagee's right to
! realize upon or enforce any other aecur~ity now or hereafter
~ held by Mortgagee, it being agreed that Mortgagee shall be
~ entitled to enforce this Mortgage and any other security now
~ or hereafter held by Mortgagee in such order and manner as
Mortgagee may in its absolute discretion determine. No
remedy herein conferred upon or reserved to Mortgagee is
intended to be exclusive of any other remedy herein or by 2aw
provided or permitted, but each shail be cumulative and sha11
be in addition to every other remedy given hereunder or now
or here~fter egisting at law or in equity or by statute.
Every power or remedy given to Mort~agee or to which it may
be otherwise entitled, may be exercised, concurrently or
independently, f rom time to time and as often as may be
deemed egpedient by Mortgagee and it may pursue inconsistent
remedies.
ARTICLE V
MISCELLANEOUS
5.01 Statements by Mortgagor. Mortgagor, within three
<3) days after request in person or within ten (10) days
after request by mail* will furnish to Mortgagee or any
person, firm or corporation designated by Mortgagee, a duly
acknowledged written statement setting forth the amount of
the debt secured by this Mort~age, and stating either that no ;
offsets or defenses esist against such debt, or, if such '
offsets or defenses are alleged to esist. full information
with respect to such alleged offsets and/or defenses.
5.02 Successor and Assi~ns. The provisions hereof shall
be binding upon and shall inure to the benefit of the
Mortgagor, it$ successors and assigns (including without
limitation subsequent owners of the Premises or the l~asehold
estate of the Premises or any part thereof).
5.03 Notices. All notices, demands and requests given by
either garty hereto to the other party sha11 be in writing.
All notices, demands and requests by the Mortgagee to the
Mortgagor shall be deemed to have been properly given if sent
by IInited States regiatered or certified mail, postage
prepaid, addreased to the Mortgagor at the address indicated
on page 1, hereof, or at such other address as the Mortgagor
may from time to time designate by written notice to the
Mortgagee, given as herein required. All notices, demands
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BoQK 541 ~~~E 978
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