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Home My WebLink About0953 . ~ i; ~ ~ i'.~.~~~- ~ ~i~~ ~ . . a Additlony ppCUmNtts„ At a~ ames this Mortgege is in effed, upon Matgages's request, Mortgagor shaN malcea e~oecute and deGv~er or cause to be made, e~tecuted and delivered to Mortgagee and. vvhere approptiate; sh~ cause to be reootded or filed and thereffitet to be re~recorded or refiled at such timme and in such plac~s as shail be deemed desirable by MoRgaflee any and atl such fu~ttler~mort9a9es. instruments of turther assurance~ c~rtificates and other documents as Mort9a9ee maY consider necessary,~! desirable in ordet to eNectuate~ complete, enlarge~ perfect, or to con6nue and pressnre the obligadons d Mortgagor undet 1he Ae~eemer~t and this Mortgage and aq other instruments securing tl~e Agreement, and the lien d this , Mortgage as a first and prior lien upon all the Matgaged Properiy. Upon any tailure by Mortgagor to do so, Mortpagee may make~ execute; record, ,file~ re~r ~ o[. _ ~ry and aN such mortgages, instruments. ce~titicates and documents tor and in the name of MortgA~r. Mc?rt~a~r h~r~ir~ewocabty appoints Matgagee agent and attorney-in-fact d Mortgagor to do 811 ~1111g8 f18C@S38n1 ~O Aff9C~@ OffB~Stlf~ COff1~18t'1C@ VYlth ~115 p8f8gf8~1. ` . ~ { 4-. ~o. Event ot ~.fiwk. Any o?~e a u,e ra~owing snau cor~tute an eYe~t a aeraun: (a) Failure by Mortgagor to pay, as and when due any peyable~ any installments d principal or interest due under the Agteement. or ary deposits tot taxes and assesstnents o? insutance ptemiums due hereunder, ot any other sums to be paid by Mortgagot he~eunder or under any other insttt~ment securing the Agreement. (b) Failure by Mortgagor to dWy keep~ pe~iorm and observe any dher covenant, condition or agreement in the Agreement, this Mortgage, any other instrument securing the Agreement or any other instrume~t cdlateral to the Agreement or executed in connection with the sums secured hereby tor a period d 10 days afier Mortgagee gives written notice speatyin9 the breach• (c) If either Mortgagor or arn guarantor or e~dorser d the Agreerneni: n~iles a voluntary pe6tion in bankruptcy, is I adjudc;a~ed a baNvupt or insolvent: or (w) ~es anY Pea'tion a ansNre~ seeking or aoquiescing in ary reorgariza0on. mar?agemeM, ' composition, readjustment, liquidation~ dissduuti~on or similar relie( for itself under any law relating to bankrup4cy. insdv'encY or atter relief tQr debtors. or (rv) seeks Or cor~sents t0 or ecquie9ces in tt?8 8ppointrr~eM d any trustee, receiver, mastet or ~ liquidatot d itsel! or d aN or any swbstantiaal part o! the Matgaged Property or d ary or a~ d the rents. tevenues. issues. eatnings, profits or ir~come tlieteof. or (v) malces anY 9~ ~9rxneM for tlte benefd d ctedtors. ot (w) makes ary admission in wri~ng d its inability to pay its debts genereNy as they becorne due: or (vii) a couR d competent jurisdic4ion enters an order, Nd9ment or decree appraring a pedtion filed E~gairut M~tgagnr or any gusrantor or endo~ser d the Agreement, seeking arry reorgarxzaGon, arrangerr~eru. composition. readjustment. ~iquid~tlon. d~solutio~ or sirtWar relief under any (xesent or tuture . federad, sta~ or other ~ut~ law or regula~ion rel~ing to ban{cruplc.y, ir~solv~enc.y or alh~ re6ef tor debrtas. whic,h order, judgmeM or decree remains unvacated and unstayed iw an aggregate d sixtY (60) days ~ or rtot consecutive from the date d entry tl~ered: or (viu) any trustee, receiv~er or GquitiatQr d Mortgagor d aN or any sub~tan6~ part d ihe Mortgaged Property or d any or afl d the reMs, revenues. issues. earr~ngs, profiis or irx~orrie thereof. is appointed without the prior written oonsent d Matgagee, which appanUnent shall remain unvacat~ed and unstayed fa an aggregate d sixty (60) days whether or not consecuGv~ Ic~ Any txesch d ar+y warrartl5? or material uMruih d any representation d Mortgagor contained in the Agreement. this Mortgage or any dher instrument securing the Ag~eerr~nt. (e) The oaxirrenoe d any default under the terms d ary mortgage or other securdy instrument which creates a lien or other security interest on or in the Mcxtgaged Property. 11. AcctNratlof~. If an event d detautt shall hav~e occurred. Mort9a9~ ~Y dedare the outstanding principal amount d the Agreement and ihe ir~erest aocrued thereon. and all other sums secured hereby, to be due and payrdble immediately. _ l!pon such declaration such principal and interest and other sums shall immediately t~e due and payable without demand or notic~ - 12. R~m~dka aft~~ D~tault. Upon an ev~eM of detault. Mortgayee ma~+ Proceed ?yf+ suit or suits at law or in equity or by any other appro~xiate proceeding or remedy to: (a) e~orce pay~r~?t d the Agreemerit or the performar~ce d any term heteof or anY ott?er right; (b) foredase this Mortgage and to seN, as an entirety or in separate bts or parcels, tt~e Mortgaged Property under the judgment or decree d a cou~t or courts d competent juris~on: (c) cdlect aN reRts. issues. Pra~fits. revenu~ irxome and other bet?efits from the Mortgaged Property; (cij appoint a receiver to enter upon arxl tak~e po~sion d the Mortgaged Property and to collect aU rer~ts, issues, (xoFits, rev~erwe; incam~ and otl~er be~efits thereot and apply the same as a court may drect and such rec~iver shall ha+re afl rights and powers penrutted under law; and (e) pursue ary athe~ remady available to it induding. but not I~mited to taking p~an c~ the Matgaged Property without notice or hearing to Matgago~ Mortgagee shaN take acti~on either by such proc~.eedngs or by the exsrase d its po~wer with respect to entry a taking possesion. or both, as Mort9a9ee maY determin~ ~ 13. No Watvsr. No delay or omission d Mortgagee or d any holder d the AgreemeM to exerase any right, po?Ne~ or remedy accruing upon arry ev~ent d detault shall exha~st or impair any such right, powsr or remedy or shall b~ construed to waive arry ev~ent d default or to constitute aoqu'iesenc~.e therein. 14. Non-Exclustve Remedi~s. No right, power or remedy con(erred upon or reserv~ed to Mortgagee by the Agreement, this Mortgage or ary other instrument securing the Agreerr?ent is ezdusive d any other right, power or remedy, but each and every such right, power and rerriedy shall t~e cumulative and concurrent and shall be in addfion to any other right, pawer and remeciy giv~en hereunder or under the Agreement or ary other ir~strwneM securing the Agree~nent. no~w or here~atter e~asting at law, in equity or by siatut~ ~ 15. Sucosssors and Assi~ns Bound. WheneNer one d the parties hereto is named or referred to herein. the heirs, ~ s~x:cessors and ass+gns d such party shal! be included and aN covsnants and agreements contained in this Mortgage, by ~ or on behalf d Mortgagor a Mortgagee, shall bind and inure to the benefits d their respectiwe heirs, suocessors and assigns. vrtieqher ar not so expresseci. • ~ 16. MlscNtsn~ous. In the event that arry d the covenarNs, agreements, terms or provisions contained in the Agreeme~t, this Mortgage or arry other instn?ment securing 1he Agreement shaN be invatid, illegal or uner~orceable in any respect, the vatidrty of tfie remaining cavenants, agreemer?t,s. terms a provisions contained herein and in the AgreemeM and any other instrument securing the Agreement shall be in no way atfected, ptejudiced or disturbed thereby. 17. AKorn~l's Feos. The term "attomey's tees" as used in this Mortgage indudes 8rry and all legal fees d whatewer nature irx~uding, Iwt not limited to, tees resu~ing from arty appeal d any interlocutorY order ar finat judgment w any other appellate proceeding arising out d any litigation. . ,u aenoia eobons are oDSaete ,w22~ Rsr ?aY es (as+n ~ BOOK ~ PACE