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Home My WebLink About0331 ~ , 9 Additbnal Documents. At a!i ur~5es th~s Murtgaye ~s ~n efiect u Wn Mortyagee s reyuest. Mortyagor st~ali ~~~ake. exec:ute ~ and dehver or cause to be made exc,~;uted and del~vered to Mor,yayee and, where appropr~ate. sha11 cause to be recorded ~ or t~1ed and d;e~eafter to t~e re r~.orded or refaed at such t~me and ~n such piaces as shall be deemed des~rable by Mortgagee ~ any and al! such further mortyages ~nstrumer~ts of further assurance, cert~hcates ar~d other documents as Mortgagee may + cons~de~ necessary or des~rable ~r, order to effectuate compleie, eNarge. pertect, or ro conUnue and preserve thz obl~gat~ons of Mortgagor under the Note and th~s Mortgage and a!i othe~ ~nstruments secur~ng the Note. and the ~~en ot th~s Mortgage j as a tnst and pno! ~~en upon a~i the Mortgaged Property Upon any Ia~iure by Mortgagor to do so. Mortgagee may make. ' execute. record. hle, re record. or ref~le any and all such mortgages. ~nstruments, cert~hcates and documents for and m the name of Mortgagor M~rtgagor hereby urevoc;abiy appants Mortgagee agent and attoiney ~n-tact of Mortgagor to do a!I th~ngs necessary to effect:,ate or assure compl~ance w~th th~s paragraph ~ 10 Event of Defauk. Any one ot the toitow,ng shall const;tute an event of detauit { (a) Fa~iure by Mortgagor to pay. as and when due and payabfe. any ,nsta~lments of pnnc,pal or ~nterest due under the ~ Note or any deposrts for taxes and assessments or insurance prem~ums due hereunder, or any othe~ sums to be pa~d by i Mortgagor hereunder or under any other ~nslrument securmg the Note (b) Fa~iure by Martgagor to duly keep, perform and ot~serve any other covenant, cond~uon or agreement ~n the Note. th~s ! Mcrtgaye any other ~nstrument secunng the Note or any other ~nstrument collateral t~ [he Note or executed m connecGOn ~ ~v~t~ the sums secured hereb for a f 10 da after Mort a ee ~ves wntten not~ce s rf ~n the bieach ~ Y F~~ ~ o YS 9 9 9 P~ Y 9 ; (c) if e~!her Mortgagor or any guarantor or endo~ser of the No!e. f;tes a voluntary peAt~on ~n bankruptcy. (n) ~s ad~ud~cated ; a bankrupt or ~n5oivent, or (,u) f~Ies arry pent,on or answer seek~ng or acqwescing in any reorgarnzation, management, compos~tion. ~ read;usimeni I,q~~daUOn, d+ssolut~on or s~m~!ar rel,ef for ~tself under any law relating to bankruptcy. ~nsolven~,~y or other rel~et ~o! debtor; or ,,v? seeks or cansen±s to o~ acqwesces ~n the appo~ntment of any trustee. rece~ver. master or hqu~dator of ~tseif i or o! a!~ or any suostanbal part of the Mortgaged Property or ot any or a11 at ihe rents. revenues. ~ssues, earn~ngs. prot~ts or i ;ncome ±hereot. o~ (vl makes any general ass~gnment for the benef~t of cred~tors, or (vi) makes any admiss~on ~n wnbng of ; 15 r,~DA~;y ?o pay ~ts debts gen~aAy as they become due: or (v~~) a court of competent ~unsd~ct~on enters an order. ~udgmen? or decree approv~ng a penhon f~ied aga~nst Mortgago~ or any guara~tor or endorser of the Note, seek~ng any reorgan,zaUOn. a~~angemen; compos~?~on. read~ustmeni. hqu~dation. d~ssolubon or s~mtlar rel~ef under any present or futu~e federai. state. or ; o?he~ s?atu!e ~aw or !egulat~on refat~ng to bankrupicy. ~nsolvency or other rel~e~ for debtors. wh~ch order. ~udgment or decree rema~ns unracated ar.o unstayed !o+ ar, aggregate o! s~xty (60) days whethe? or not consecut~ve from the date of entry thereo` o~ (v~u) any trus!ee rece tie~ or hqu~dator c~f Mortgagor ot all or any substant~al part of the Mortgaged Property or of arry or ' a'~ of the ~en~s revenues ~ssues ea~n~ngs, prof~ts or ~ncome thereof. ~s appanted wRhout the pnor wntten consent of Mor,gagee. ! wr~~~h appo~~tmen~ shai~ ~ema~n unvacateci and unstayed for a~ aggregate o' s~xty (60) days whether or not consecu? ve ~ !hi A~y breach o' any wa!~ar~ty or mater~a! un;ruth os any representat~cn o~ Mortgagor conta~ned ~n the Note th,s Mortgage ; a a^y c±ner mst~ument secunng the Note j {e) ?he occ:,~rsnce o' any defaul~ under ?ne terms ot any mo!?gage o~ othe~ secur;?y ~ns?rumen; wh.ch crea?es a!~en cr O'~e' SeCUrity ~nteres~ O't O! m the Mor,gageo Prop?rty ~ i t~ Acceleration. It an event o! de`ault.sha!! have occurred Mo~tgagee may decfare the outsiand~ng pnnc~pai amoun; ` o~ ~he Na!e and the +~±eres! accr~ed ?he!eon and a!~ o?her sums secured hsreby. tc be due and payable ~mmed~atety Upon ~ such dec~arat~on such pr~nc~pal and !n?erest and other sums sha~~ ~mmediately be due and payable without demand or no?~ce ; t2 Remedies aKer Default. Upon an event of delault. Mortgagee may proceed by su~± or su~ts at law or ~n eqwty or i b~, any other appropna?e qroceed,ng or remedy to (a) enforce payment of ~he Note or the performance of any terrn hereof f o~ any other nght. (b} foreclc~se ?h~s Mertgage and to sell. as an enbrety or ~n separate lots or parcels, the Mortgaged Property ~ ~.;nder t~~e ~udgment or decree of a court or courts oi competent ;unsd~ct~on: (c) co!lect all rents, ~ssues. profits. revenue. mcome a^c otne~ bene'~ts frem the Morgaged Property (d) appo~nt a rece~ve~ to enter upon and take possess~an of the Mortgaged ~ P~opert~~ ann ro ~o!.ect a!': •en?s .ssues. pro!~?s revenue ~ncome. and oihe~ benei;ts !hereof and apRly ihe same as a court t ^~ay d rec? a^d such rece:~;er st~a~~ nave a'~ ngnts and p~vers pe~m~t!ed u~dp~ iaw and (e) pursue any other remedy ava~!ab!e ~ :c ^~c'ud;ng but ^o; ~:m tAci to tak~r:g ~ssess:on of the Mortgaged Property ~h~t`~ou? not~ce or heanng to F,Aortgagor MoRgagee ~ s~a"t !ake ?ct~~^ e the~ by s~~cr: proceed~nqs o~ by the exerc~se ot ~is ~.ovve~ ~~:~th reSpec? to entry o~ tak~n~ posses~on. or be?h j as Mortgagee may de'erm~ne ~3 No Waic~e~. No de!ay o+ o.*^.ss~o~ of hlertyagee o~ of any ho'der o+ the PJo'e to exerc~se any nght p~~er or rer-~ed,~ ~ :cc~u ng ~;pon a^y event ef default sha~i exhaust or ~mpa~r any such nyht pa:~er or remedy or sha~~ be co~s?~ued to r~a:ve ` 3~~y ~~e ef detauit o! to const~tute acqwesence there~n Non-Exci~~sive Remedies. No right. po~ver o~ remedy con!erred upon or reserved to Mortgagee by the Note 'h s ~."ortgage ~r any ~~thef ~nstrument secur~ng the Note ~s exclusive ot any other r+ght. pa~er or remed;. but each and e~~ery such r,qh,t. ~~ower ano ~emedy shai! be cumulabve and concurrent and shall be ~n ad~~hon !o any other ngnt. pc~ver and remedy ~ g~ven nereunder or under the Note o! any other ~nstrument securmg rhe No?e. row cr hereaf?er ex~s!~rg at taw. ~n eq;.~~?y o+ ~ by s?atute _ ~ 15 Successors and Assigns Bound. Whenever one of the p2rt~es hereto ~s ~amed o~ referred to here:n the he~rs successors and ass~gns of such par,y shal! be ~ncluded and ali covenants and agreements contained in th~s'~lortgage. by ~ or on behalf of Mortgagor or Mortgagee. shall b~nd and ~nure to the benef~ts oi the:r respertrve heirs, successors and ass~gns. ~ whethe! or not so expressed : t6 Miacellaneous. In the event that any of tre covenants ag~eements. !erms or prcvis:ans contained ~n the Note !h;s ~,1or,gage o! any other ~nst!ument secur:ng the Note shaii be inval;d. ~Uegal or unen'orceab!e Fn any respect. ihe ~a!~d~?y o' tr~~e rema~n~ng covena~ts. agreements. terms or pror~s+ons ~onra~ned here n ar,d in the Ncte a^d any other ~nsirumen? SeCunrq ,r.E Note shai! be ~n ro way af~ected, prejudiced or d~sturt~,ed thereby t7 Attomey's Fees. The term attomey's fees" as used ~n this Mo~*gage includes any ar~d a!~ iegal fees ot what~~er nature inciud~ng. but not I~mited to. !ees result+rg irom any ap~al of any mterlocutory order or f:nal judgment o! any o?her appe~late proceed~ng ansing out of any 6t~gat~on 18 Futur+e Advances. This Mor!gage is g~ven to secure not oniy ex~st;ng ~ndebtedness. but also such future advances. whether such advances are obi~gatory or are to be made at the op?.~on of I~IoRgagee, or otherw~se. as a?e made with~n fifteen yeais from ihe date hereof, to the same extent as if such future advances were made on the date o! the execubon ot th~s Mortgage. The totai amount o( indebted~ess that may be so secured may decrease or ~ncrease trom t~me to time. but ihe ~ total unpa~d balance so secured at one time shall not exceed tw~ce the face amount o` the Note. pius mterest thereon, and ~ any disbursements made tor the payment d taxss, levies or ~nsu~arx;e on the Mortgaged Property, w~th m,erest on such ~ d~sbursemen,s at the Detault Rate. as t,ereafter de~~ned 19. Oblipation of Mortga~or. Mortgagor shali pay the cost of relea~ng or sahstying this tvlortgage d record eooK 67~ PncE 3~. - ~