HomeMy WebLinkAbout0962 shal l not afEect Ghe 1 ien ot tni~ 'rlortaaye Eor the tul 1 a~~~ount
secured tiereby beEore such payment.
14. 'Phe riynts ot the Mortyagee, yranted and arisiny
uncier the clauses anc3 covenants containe~a in this mortgaye, the
c~ote, or any other instrurnent securina this loan, shall be
SeNarate, distinct and cumulative of other po~ers and riqhts
i~erein granted and all other riyhts which ~Sortgayee m~y have in
la~r or equit~+, and none ut them snall be in exclusion of tne
others; an:~ all ot them are cumulative to the remedies for
collection of indebte~ness, enEorcement of riyhts under '
r~ortyages, and f~reservation oE security as provided at law. No
act oE t•iortyayee shall be cunstrued as an election to proceed
under any one provision herein or under the Note to the exclusion
ot any otner ~rovision, or an election oF remedy allowed at la~?
uc ir~ eyuiLy, anyti?1ny i~eiein ~r Uci~e~wise ~u ine cunzrary
notwithstanding.
15. Every orovision ~or notice and demand or request
shall be d~emed Fulfilled by written notice and de[nand or request
personally served on one or +nore ot the persons who shall at the
time hold the record title to tt~e Premises, or on their heirs or
successors, or mailed by de~ositiny it in any post offiee station
or letter box, enclosed in a postpaid envelope addressed as
follows:
`Po '•fortyayor:
c/o i~ealerShiE, ~~ian~~ement
y47 Communipaw Avenue
,Jersey City, t~J 07304
To '~1or tya:~ee:
r' r i rt rz r~ 2 r~ F n r n r. r~ t~ P r~
v~...`. ui l,va.vi.~ ~~~.~.i:N~ui,~i= ~.vi~ viu~ivi~
4000 ukeechobee 8oulevard
~7est Palm Beacn, H lor ida 33409
r•lorcya~j~r anc :~!ort•3ayee ~nay change tneir mailiny addcess for
puruoses of this ~~ara:3raph uy aJvisiny the other parties in
wr iting of an~ such chan,3e.
; Lti. Any indulgence or ueparture at ~ny ti~ne by the
~ ~•lortyagee from any of the urovisions hereof, or oE any obli~ation '
hereby ~~:::ired, shall not modify tne same or relate to the future ' :
; or ~aa ive L uture compl iance therewith by tlie Mur tgagor .
~
17, i~lortyagor will de~end, at its own cost and
expense, and indemnify and 'nold ~•lortgagee hacmless fro~n, any
action, oroceeding or claim afEectin3 the Premises, the vote,
tnis Mortyage, or 3ny other insCrurnent securing payment of the
Secured Indebtedness. Cosfis and expenses will include all
reasonable attorneys' fees (including fees and costs on appeal or
in bankrvotcy proceedin.~s).
If ~fort~ayor neylects or refuses to act pursuant to
this Article 17, :~lortyagee, at its option (whethPr electi~ng to
declare the entirP Secured Indebted ness due and collectible or
not, or to pursue other remedies f.or an Event of Default) may oay
Por all reasonable attorneys' fees, costs and ex~enses incurred
in any such action. All such payments, bearing interest thereon
from the r_ime ~f payment at the hiyhest rate allowable by law,
snail be deemed a part of the Secured Indebtedness and shall be
~ iinmediat~ly due and payable by Fiortgayor to ~~lortgagee.
lII. Without affecting the liability oE ~lortgagor or
any other person (exceot any person expressly released in
writi.ny) Eor payment of ~ny indebtedness secured hereby or For
~erformance aE any obligation contained herPin, and without
aEEecting the rights of ~~iortgaqee with respect to any security
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BooK5~2 F~~~E 962
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