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Home My WebLink About0927 • r i . , . . • . ~ co~sider necessar or d,,~s~rab~e"~~ ~de~ t~'` g~ectua?a com Qt~, enla~ a Pa~ecl; ~tb i~ni~nu8°~~f pr~~~(v~ ~t~e O~~a~a~-~ ~ ` y ' ' M o ~ d t~tutgaga'vride~ th~sTJote ~n~'1Ri~'Mat age,and au'ot~i~r tnstr~Ume~t~ secun. ~rie No1a and th~"'', i~ <~fct~ Matqepe as a 6rs1 and p~i~!lie~"'~pon all the Moilgagetl"~rope~ly.~U ~g~~ a lur~ ~ Matgaqor~t~ do_ sA Matga~es may meka • i ~ execUt~~ ~6C6fd hl~, re r~ofd 0~`ietite any and all su~1i'ni~t '~nstrum~MB,~ cenifiC~183 end dOCUmeMs f o'~ ~ 1 n d ~ame Mongagoc` M~itgag~ h~b~r irrevocably. aPpanls Matgagee agent a~d attofne~r~~lscf ~ WlOrtgrg~ b d~"~,M th`~`n~s necessafy tti elteciuate"8r assurA`coir~p?iance wi~Fi its°~p~ra~reph. , - . :a . . ~ 10. Event o~ 0efeult,-A~r"°bn~ ~l'Ihe'I~Ilowing shall'constitut~ a~ evenl bf"tlvlAult: , ~Fa~liue b~,Matg~~"`lo'~pa~, as anii when`'~~'~ny payade: a~r insta~lmenls d~Ni~1~Cip~1 ~F ~iit@/eSl due"'~lnde~'Che °~lota~ or ariy'`~I~posi~s~ib'~"faxes a~f assessments 6r~'nsura~ce prem~t~~"'d'Je ?i~ief~nder b`r ar~i dhe~ sufris tb b9 pa~d.ti~jr ~ tR WId~~~7r~'tie~~~de~` ~''t~~d~r any othe~ inst~iiment sect~~i~g"~ii~ Nate.' : ; .n . . . , + v . - r.~ . z ~j~Faiiu~~ ti~.MorTg~~~"t~ ~~ry~"fce~~"'pe~t~i a~CI observe`a`~i`o1h~r`COv8na~1 ~onii~~~, a~~eement th~late;~i~is ~ Mo~tgage: ai~'Sth~r tn"slt~tr?ent securit~'th~ Nbte b~ ~~'Wh91i'i~sh~ti~nent ~d~ateraf t6~t1i6~N~e o~ exeCUted irr~onnection . "with the sums se~'~~~d'iiereb~y"i& A~~perioit ~t"~~days ahet Mo~tgagee giv~es written~'noliC~'~pecit~g'the'txea~h. . ~ . ~ . ~.M . n ~`~)~`,~I eith~~ Matg~g~i°oi ariy'guaraMal'~t ~~~rs~`~~h~ tJ~tAi (ij (ile5"~ volu ta~? peUtwi~ i"~ ti~~ii~fuplCy ~r~S' t8d - - ~ a'~banlt~i~ft~~r insolve~t tir tdas ariy petd~on oc ansti~er seelung a ai~uiescin~'~i ~ r~ganzatan, manageme~, con?Pos!cia?: ~ - . ~readjustme~l.l~quidatitSn; dissduti2f~i"~ sim~lar ~eliel`1pf;~tsell i~~"r a~"law relating t0 b~AktuptC~'~~~iN~kW bthe~ reliel 1~`tisb~ors; bt=(`i~"seeks'ot consenl~ t6`C?racquip~@s in°the appol`ntm~rit`o~ an~. tr'iaslee,=i~Ceiver, ~na'ster"4r ~~idaror o1 ~tse~f A'"~~'~f a11 br any subst~ntial'~par1'd lhe M~~g~~'pe~t~'01 a?tY b?'~N ~if th8 ~8nts,~teveiwes, is8ues, earni s,` prdrts'~ ~ . , , - mcom~:lheieot.'oi=(v)'makes a~l"g~n~i~t::8ssi§nm~n! tiN~h'`~'li~`(?ef~C ~f ~reditdis ~ V~`"makes a ~dmis~i~ti'~i~ wriG bl . ~ ~ ~ ^Y ~ ~it~~rti~b~liiji'~~fay ~ts tl~~its'`~~~eralfy a~ th~i`beCom~`8ue:`~(vii)'~"~3`~`"i~`d ~~ter'1t ~u~~~d~ctiC~`~?tet~`an`~der,'jl~`tlgment ~ ot~decie~ a~OVi~r~ a"'°p~t~ti~i'Gl~i ~gai~5t M~~`~~i`t a~l'guarant~f`~''~~?~dCiser'~~ N$t~; seeW ieor aritation, ; - . . . . r„ ar~ang@m~~r; ~birl~osilion; reafl~i~ti`ileM.'li'~iitlfit`~brl. disS0luti~?i°b~ ~iirnl~'~~el~ef ~i~der ~`~SrdSerit ~'tuture fedeia~. state, o~ - ~tti~ stalute. law a° r~gulali ~ afing t ~6`~I1~ ~ ~X~~ d~ys whelh~~"°r ~ ~nseauUve~bm th~`,d~t~~ ~?ttr ~FiereCl; : . ~ema+~sII~vacat~`and ~~l~l f~t a~ a~~ f~'( ) ~ i~ ~$c~'bf~atl ~ a~Y ~bstant~al.pa~Cit Ihe Matgaged P~opert~i br d : ~ viu ~~i ttLsfee: "r~Ceiv~1~`bl 1 u~datau3~( M~t . t~g . ~ x~ . . . ~ . . w # d Mqt$age~ ali o1 the r~ntS. Tev~~ues, isstles. sarn~ s: prdits Ar ir~o'~9 th~r~ft; ~s appointed NnltiOdt th'~xi~ w~itte~"7~nsent 'Vvhi~h=~"t'Sar~C~he??1 Sha11~r2m8~i~'u~vaCat~tl a~d'~T'~i~layed tor an a99~e9at8"d"~ict~(60} day~~Whethef-?~t'~l'~bnSeLu6v~8.. . . . R - _ : * r(cn ~ A~ t5~e~~Fi-ot anqv~i~rraM~_of°~ater~~l~lhirU(t~`$1'2~~re~ese~lation~`~i' Mortgag~ ~?talned fi~ th~ Noce: tht~ Mdrtgage ~ ~ oi °~~r"'dthe~ insl~rie~t sec~~fh~ Note ~ . . - . ~ . ~ n y ~ 9 y g'~ ~r s~curit~'instrumenl vfrhich"~reates a fief?`~~ =~(e)'~the'oCCUrrence of any detauli und~T~lhe terms`d any mOri a~'~th ~ other seLGfit °inl~~est Orl'~ in the M6"rC' aged"~'i~pert . ~ : ~ 'it. <Acceleration. It an eve~1'd ~tlet~lt sh~tl have`(iCC'~ted;°~Mortgagee `maj~tfeclare th$~~'itstA~?d"n"~"'~i'iri~pal ~rnoUM , . ~ , . 01 the~Not~ anil°fih~`inteie~t a~cru~tf`tFi~ie~in. and ai~'other sumS secGred h~(eb~ tb~b~"~u9 8nci payable ~mrned~atety ~7pr~? su~h'declaratiorl Mstich~'pririCipal arid i~t~rest an oih~i SUms sh~il immediatel~b~`~lue ai~(°~ayable without dcme~nd Or natice. °"i2:YRemedies after~0atautt: U~n ~n•event~d'°tieta~urMatgagee ma~'`~roceed`by su~t`~ su~ts at law or ~n equu~ty`o~ . ~ . ~ „ b . . k~y any"'tflhet a~i~'~i~iate'proc~di~'''~r reiYi~dy to~ eMc#~`~"aymeM $~llhe Not~ `~'`Ih~#p~tormance~d an~ te~m~h~~8of ''a any.othei ri~ht;"(~1~"rectose"ihis Mf~rtg~gc'~~f16'°~`ell. as ai?`eritireiy~ i~"separat~fol~~d`f'~{ia~Cels the~+lortflaged~Pr~pertY unC1~''th~ jc~fi9m~il~`t3f tlecree"~'it'~ ~butt'a"'~OCtits ~f ~~peterlt ~unSd~Cti0n1(ojjCOtlecl a~lieM8, iSSUeS:'P~d~tS; revenUe~ i.(~Ortie ' _R _ and olher'tienelit~`ft~ii°th~ M<3ttg~g~i"Pftfperty: (ti? appanl ~`reCe~v@f'i~'~ntef`t~"~C')f?:~71~ t8ke"aosSesSion Oi t'h`~ M~ktg8fl9i1 . - I ~*Pr~~perty antl'to ~dle~l a11 rents; issues:~~"rotds;~reve~C~e.`ihcom~"a~ti'~Whsr~tienet~ts thereot a~1t1 a th~ sdififie as a~h i m`ifte~t3riii s~h-r~eiv~r sha~1 have aN`ri~hts ~~'?ti ~o+n+er`s perii~~n~d`~nd~ ~av~?, ai~1(~j ~rsu~ rern~~' 8va~able aY" ~ ~ . oR t~ ?t inc(Ud~?~~ bt~t'~t limiteci t~l'taltiii~"'~OSSessiorti ol`tfi~ MOltgage~'~p~tY withot~t ndiC~'~zFiea~ !O Mortgag~r. M~ g~qoe ''shall take act+on e;ttiQf~by sucti prOceecl~~gs of k~`~h~ pacercise d iC~~~r Vvit~i resp~lb'ent~`t~king pOSSesion. ~i'b9th, . , . `as Mortgagee may`determine. - ~ 13 Nb' Walvar.~No dela~`or~omis~on'titsfWorrtt~~~e~`~'~1 ary holder tifYhe tJOte"to exerCise any right; ~oHret of remei~y aC~iuing"upor? arry event°oI detaull ~t?aN ~iih~ust W i~p~~r any SUCh``~ght."pow@r bt"r8fiedy'tft sheil b8 ~Onstruetl to w2live any event``of°iiefault°'or tb'canst~tut~ acquieserice the~ein. ~ ~ - ~'~1A. NOn-ExClusirM'Remedles. No'right.~~Ower or remedy"~T~nte~red°upon ar reserv~ tb Mbrtgagee"b~ltt~'Note, ihis - Mt~t~age ~r ~ny~l~lh~r ~~slrti~er~t sectT~'+ng 1h~ Nbte ~s exctus~i~eFd any3athe~r~ght ~~ow~r dr':~~emedy,"bUlbaa?~ a~d every : ° „ . ~ n h~l~i~ ~~tl l"6t ~~the"N~ft~'`~ °~ny'$ttive ~rl"ti Concu?re~t aritl shall be ~n atlddi0'~"t~ 3r~"l5th~"i. rig~tt,°~ow8i ani! remedy Y~ n tht~ ~~h~iL~r~eed shali b~ c~~uta~~f in~irument sBC~ri~~the° ~1ate,- ~ ot`hefe~tt~i `~xisting af law i~ "~qu+f~"`br ~ ' ~ by stelute. . - , ' . : , ' 15.: Successors and~°Assiqn~ 8ound WfiAnev~r=one"W the pBiUcs hereto is~r?~m~tf~b'~'ref~~~8d t0 K~ein. tF~'heirs, successors anti~asslgns`d suCh'"pany shall be incl~d~d and all`~ov~n~nts and a~~eer?~ents`c~"nta~~?~d°r~? thi~' M~ga$8.`kSy . . . - a~"on~tS~halt°~Mortg~gtN'Ot"Mc~itgagee: shaN tiinil and mur~.t~'~th~"be~etds d thei~ respect~we heirg. sucCeasas ~rld ass~gns. _ wheth~dr r~t"~ BSrpfesSed. • , , t6. M1scellaneous. 1~i~the evenl=lFiat any ol'th~~COV~~ants, ~~r~ments. terms p~'ov.isions'GOnt~zned in th~~ Nde. this `Matg~~~-a'r ~n~r'aner ~ns~~ume~ri secu~nglh~"~ote snan be invahd. dleg~ OrUnenlorCeable in a-re~peCl, th8 v~tfi~t the'r`emairnn~'~ovenants. agreementa. term3 b~"~O~i+isions CbnlBinet~ here~n and in"thA NOte alid 8~"~i~instrurt~lt'secutir?p ~ :'tt?~~Ot~ sttaa'be~i~ti i1~'wdy eflc~cted. {3tejutiic:@d'Ot"tlistulbed`IhBrBkfy. - : , , _ . ~=1~: Attomry~~Fsts. thA term `.attbrn~y's lees' as us~d•in 1h1~ Mortgage~inGudes any:and a!I feg~ lees d whatever ' , • nature ir?~ud~ng.`.liut t?~t ~imit~d ta lees resulCir'~ lr~n any-a~pea~ d any~'nte~ocutorji'ofder o~ ti~I ~udgment or any`othe~ , ~ epPe~~atA"ptOCeediilg ansing.ou['ot arry 6trgalion. . . - . - 18. Futur~ IWvsnces: Th~s' Mbtt~~ge is. grver~'tb se~ure ~Ot "OnW exisf ing-irid~~~dness: lwl als~i StiC~i~ luture advanCeS. { whethef suCh advarices ar~ oWfgatory ar ~re tSbe'made ~t Ih~"~ti~rd Mortgag~e: 0l"~wise~ as s~~i8de w+thi;r~ fifteen. ` , ances were~made~b'~~the °date ~i~ the execut~on of' thia r ` Mat a'~~'he atota~ aereot to tn~ sam~~e~ctent as ~t sucfi°t~r~ adv f g ge mount~ d ~ridebtedness ~that m8yr be so secu~etl'~?~Y..deC~ease 0~ inuease frpm time lb ti~r?e._.bt~ the total unpa~i`~alance so S~Cured 8t °~fn6~ ti~r?e sha11 rW1 e~rceod twiC~~tFi~ taCe 8h1WiM ~~lhe ~Ide." p~us~nt8fe8t~there0~. ar?d ~ . . , ariy disf~Ursements made'ioi thb p8ymer?t d ta~tes. ?evie$ Or ~nsuranc8`o~i`th~`Mdtgaged`~`T~perty. wdh interest 4~ SuCh - di3~urser~eMS at~lhe'Oe~ault`RAte. as"he~eafter'"cfefin~i - 19 'Obllqatlori '!~t MOitqaqor. `Mortg~ jor 5ha11 'pajr ttie'~ost d reteasing.'t~ s~Gstynng tFus' Mortgage d,record. , ! . ~ eboK~~u ;~acE ~Y~~6 , . _ ~ . ~ _ r 'e' 4 w - . _ rr t. . . ~ .