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Home My WebLink About0513 • 9 Additional Documents. A! a!~ omes m.; ti4ar,gaye ;s ,n etfect upon Mortgagee s rec~uest. h1o.^,qagor sh~fl make. execute a~}d ~ei~ver or cause ro be mede executed a~~d dei~vered to Mortgagee and where approp?~ate, shai~ cause to be recorded o~ t~ied anci thereatter to be re recorded or ret~ied at such t~me and ~n such places as shall be deemed des~?able bv Murtgagee any and au such turther mortgages ~nstruments ol furtner assurance. cerut~cates and other documents as Mortgagee may cons~d2r necessary or des+rable m order to eftectuate, complete. enlarge. perfect. or to continue ~nd preserve the ob~igations of Mortyagor under the Note and th~s Mortgage and a~~ other ~nst?uments secunng the Note, a~d the I~en of th~s Mo?tgage as a tust and pr~or i~en upon au the Mortgaged Property Upon any fa~lure by Mortgagor to do so, Mortgagee may make. execute. reco~d f~le, re~record. or re!~Ie any and all such mortgages, ~nstruments, cerUhcates and documents (a and m the name of Mortgagor Mortgagor hereDy ~rrevocably appo+nts Mortgagee agent and attorney ~n~lact ot Mortgagor to do au th~ngs necessary to effectuate or assure compi~ance w~th th~s paragraph 10 Event of DeMult. Any one of tt~e follow~ng shall const~tute an event ot defaul; (a) Fa~lure by Mortgagor to pay, as and when due and payable, any ~nslallments of pr~nc~pal or ~nterest due under the Note or any deposits for taxes and assessments or ~nsurance premwms due hereunder. or any other sums to be pa;C by Mongagor hereunder or under any other ~nstrument secunng the Note (b) Fa~iure by Mongagor to du+y keep. pertorm and observe any other covenant, cond~t~on or agreement ~n the Note. th~s Mortgage any otr,er ~nstrument securmg !he Note or any other ~rstrument coi!ateral to the Note or executed ~n connect~on w~lh !he sums secured hereby for a penod d 10 days after Mortgagee g~ves wntten nouce specrfy~ng the breach (c1 it e~the~ Mortgagor or any guarantor or endo+se~ ot the Note fdes a volur+tary pet~t~on ~n bankruptcy. (u) ~s ad~ud~cated a t~s?krUpt Or ~nsoivent cx (~n) ±~ies arn- pet~t~or~ a an5wer seekmg or acqu~escmg m any reorgan~zat~on, management, compos~bon. read~us!ment ~~qu~dat~on d~ssc~unon or Smi~l~3r relie~ fpr rtself under ~ny fav?~ relatmg to bankruptCy. insoivenCy or other rehef tOr de5tors or ~~v) set~hs or consents to or acqwexes ~n the appo~ntment of any trustee. rece~ver, master or I~qwdator of ~tself o~ o} a+i or any subs?ant+el p~rt ~ the Mortyageci Prope~ty or ot ar.y pr ali of the rents. revenues, i;sues. earrnngs. prof~ts or ~•~~,ome !hereot o; (v) r,~akes any ge+~eral ass~gnn,ent fo~ the t~enet~t ot cred~tors. or (vi) makes any adm~ssion in wnting ot ~ts ~~ah~i~i~ te pa~ ~ts debts generaily as they bec~me due or (vnl a court ot competent ~unsd~cbon enters an ordei, ~udgment ~~~r~ ~~~pr~~~,ng a pebt~on t,feci aya~nst Mortgagor o~ any g~,arantor o~ endorser of the Note. seek~ng any reorgan.zahon. a~+angement compos~bun read~;,stmen; !,qwdat~on, d~ssolubon or s~m,lar rei~ef under any present or luture federal. state. or ~~!h s~atute iaw or regulahon relat~r,g to banhruptcy, ~nsoi~~ency o~ other ret~ei for debtors. which order. ~udgment or decree ~er?~~a~r~~ unvacateci and unstayed tor an aggregate oi 's,rty (60) days wheiher or not consecuhve from the date of er.try !hereaf, an~ !~ustee r~e~~~er or i~qu~da;or ot Mortgagor of all or any substanhal part ot the Mortgaged Property o~ of any or a' o' ;he ~e•~ts r~-~~nues ~ssues. earrnngs. p~ot~ts or ~nceme thereot ~s appanted w~thout the pnor wr~rien consent d Mortgagee. r: ap~„n,n,~nt sh~~Ii ~erna~n unvaca!ed and unstayed tor an aggregate ot s~~ty (60) days tivheiher or not consecuUve f ~a) ~~~y t~~each o' anv warran,y or mate~~a~ untru;h ot any represen;a;~on of Mortyagor corna~ned ~n the Note, th~s Mortgage n~ dn~ Olh~.. :ns?~umen! :~'CUrnq ;he No!e !e) T~~e oc:CUr!ert~e o? 3ny detau~t under t~~e t~'srn5 Ot any me~~ty~yt~ Or other SeCUnty inSirument ~tih;ch creates a I~en or v'he~ SE~i.unt~ ;nterest or~ Or ~n the tilortq~yed Prope~ty 1~ ACC~lerntio~. I! ar~ event of def~ult st~a~l have occur~ect Mortgagee r„ay decsare the outstand~ny pnnc~pa! arnount ~ ~~t the Note and t?,e :nte~est accrued ther~n ancl ali other s~yms secured hereby. to be due and payaWe immed~ately Upon such dec;larahon such pr~napai and ~nterest and ofher surns shali nnmed~ate~y be due and payable without demand or nohce t2 Remedies aiter Default. U~~«n an e~rnt ot det~uit. Mortgayee n?ay prpCeecl by su~t or su~ts at law or m equ~ty or I t~y any othe! ap?~ropr~ate proceed~nq or remedy to (a) entorce pavment of the Note or ihe per~ormance oi any term her~t ~ c;~ any other nyht. (b) toreclose th~s Mortgage and to sell. as an ent~rety or ~n separate lots or parcels, ihe Morigaged Property un~ier the ~udgment or decree of a court or ~ourts o1 comE~etent ~unsd~chon: (c) co~lect all re~Hs. ~ssues. pro#~is. revenue. mcome and other t~enet~ts tr~m the Mortgaged Property, (d) appant a rece~ver to erner upon and take possess~on o~ the Mortgaged I Pmperty and to ~oliect all rents. ~ssues. ~rof~ts re~~enue ~rrcome, and oiher bene?~ts thereoi and apply the same as a court ~ may direct :~nd Such rE~Ce+ve~ shau hati~e au ~~yhts and povti~ers per+rntteci under law. and (e) pursue any other remedy ava~iab~e ~ to ~t ~rk.ludsna. Uut not hm~ted tp ~ak~nq pc,~sess~on uf ihe Mortya~ed Property w~thout nvhce or he~nng to Mortga~o~ Mortqayee ! Sh~~ll t3kC aChc7n PtihE~f bY SUCh pr~'(?e<1inCJ~ pt hy !h~ E?x~?tC~~P, Of ~tS ppWer VV~(h r@S~~'Cf f(? E?nf?y pr takin(~ ~OSSBS~On, Ot k)Oth. f - i es Mprtgagee rnay determ~n~ 13 NO Waive~. Nc de~ay or ~xn~~s~on ot MortyaUee or ot an`- h~3ide~ oi the Note to exerase any nyt,t. ~~ower or rernedy ~ .3;.~ ru~n~7 ~~~n 2riy eveni oi defa~lt shail exhaust or ~mpa~~ an~~ such nyh~. ~w~wer nr remedy or ~hau be construed to wa~~~ f ar'y evPnt default or to Cor}shtute acqu+esenCe thPre~n ~ ~d Non•Exclusive Remedles. No nUht. power or remedv conterred upon or reserved to Mortgagee by the Note, th~s ! hlortyaye or any other ~nstrument secunng the Note ~s exclus~ve c~f 2ny othe? nyht. ~,~ower or remedy, but eaCh ~nd every ~ s~x;h r~ght. ~~we~ and remeciy sha!I t,e cumuiat~~~e and concurrent and shail be ~n addd~an to any other r~ght, power and remedy f q~~~~n htr~~nde+ or urde~ the Note o~ any other ~nshument sec:u~~ng the Note now or hereatter ex~simg at law. ~n equ~ty or { Lv 5tatute ~ ~5 Succeasors and Assl~ns 6ou~d. L'~henever one ol the part~es hereb ~s named or rPfe~red to here~n. the he~rs. successers and ass,yns ot such party sha~t t~e ~nciuded and all covenants and a~reerner,ts contamed m th~s Mortyage. by ~ o~ on beha~~ N Mor,qagor o~ Mortgagee shaii b~nd and ~nure to the benef~ts d th~~ r~spect~ve he~rs. successors and ass+gns. ~ ~~~~ether ~r not s~ exp~esseci ~ 16 MisCeilanlous. In the event that arn oi the covenants, agreements, ierms or provisions contained m the Note. this ~ Mortgage or any oiher instrument secunng the Note shall be mval~d, ~Ilegal or unentorceable ~n arry respect. the vali~iity of tr,P rerr,a~n~ng cover.ants. agr~ments. terms o~ prov~sio~s conta~ned herein and in the Note and any other mstrument secunng the Nete sha~i be m no way affected. pre~ud~ced or d~sturbed the~eby , ~7 Attomay's Fees. The te+m "attorneys tePs" as used m th~s Mortyage ~nciudes any ~r;~ a~l legai fees of whatever nature ~nc~ud+ny. but not I;m~ted to. fees resu~t~~g trom any appeat ot any ~nte~locutory order or fi~al judyment or any c~ther appe~late proceeci~ny ar~s,ng out o} any hti~ation 18 Future Adwnees. Th~s Mor,gage is g~ven to secure not only Rx~sting indebtedness. but aiso such tuture advances. whether such advances are obl+gatory or are to be made at the option of t,Aortgagee. or otherw~se, as are made w~thm t~ftee~ years from the date hereof, to the same extent as it such tuture advances were made on tl~e date of the execuUon d th~s Mor?gage The total amount o( ~ndebtedness that may be so secured may decrease or increase (rom time to 6me. but the i total unpaid ba~ance so secured at one lime sha!I not excee~ twi~e the face amount of the Note. plus ~nte~est thereon, and ; any disbursements made tor the payme~t of taxes. levi~ or ~nsu~a~e on tt,e Mortgaged Property. w~th ~nterest on such § d!sburSements at the Deiauli Rate. as hereafter def~ned 19. Obli~t{an M Mottgpo?. Mortgagor shail pay the cos! ot releasing or satis?ying this Mortgage d record ~ ~ ~ t . ~ . ` ~~~674 513 ~ ~'`'~~.xi`"a~.~„ f ~'e.:i°~~ `e~"'~~"r§.:...~,~-~f~. r~'x - a~.