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HomeMy WebLinkAbout1554 ~ ~ or (g) ~ake9 or consents to any agreement changi.ng Lhe terms of : this ingtrument or aubordinating the lien or any charge hereof, ~ no such aet or omission ~hall release~ discharge~ a~odify, change or affeot the original liability undec the Note, thi~ MorEgaga or otherwise of any party l~able thereunder or hereunder or any subseque~t purehaser of the Hortgaged Property or any part thereof or any maker~ co-signer~ endorser, ~urety or guarentor. No auch act or omi~aion ahall pceclude Mortgngee from exercising any right~ power or privilege herein granted o~ intended to be granLed in ease of any Event of Default then existing or of any aubseQuent Event of Dafault nor, exoept a~ otherwise expres$ly provided in en instrument or instrumenta exeeuted by Mortgagee, sball the lien of this Mortgage be ~ altered thereby. In Lhe event of the ~~le or tran~Per Dy operatioa of law or otherwise of all or any part of the Mortgaged Property, Mortgagee r+ithout notiee to any person, firw or corporation, is hereby authorixed and empoWered to Qeal with any such vendee or tranaferee with ~eference to the Mortgaged Property or the Secured Indebtednes~~ or With • reference to any of the terms or conditions hereof, as fully and to the same extent ae it might deal With the original parties hereto and without in any way releasing ur di~charging any of the liabilitie~ or undertakings hereunder. 2.12 Diseontinuance of P~oQeedings; Posltion of Parties Restored. If Nortgegee ahall hsve proceeded to enforee any rig t or remedy under this Mortgage by foreclosure~ entry or otherwise, and such proceedinga ~hall have been discontinued or abandOned for any reason, or ~hall have been determined ~ adveraely to Mortgagee~ then and in every auch ca~Q Mortgagor and Mortgagee ~ha7.1 be reatored to their former positions and right~ hereunder, and all right~, poWers and remedies of Mortgagee shall continue as if no suQh proceeding had oecurred or had been takeh. 2.13 Remedies Cumulative. No right, poWer or remedy conferred upon or reserved to Mortgagee by the Note, th3s Mortgage or any other inatrument securing the Note i~ exelusive of any other right, poxer or remedy, but each and every such s~ right~ power and remedy shal.l be cuooulative and concurrent and ~ shall be in addition to any oth~r right, power and remedy given hereunder or under the Note or any other instruc~ent securing the Note~ now or hereafter existing at law~ in equity or by statute. ~ , ~ ARTICLE THREE i~ "f ~ MISCELLANEOUS PROVISIONS ~ ~ , g 3.01 Heirs Succeasora aad Aaai na Included in Parties. ~ Whenever one of t e psrt es hereto named or re erred to herein, the heirs~ succe9sora and assigns of such party shall be included and all eovenants and agreemente contained in this Mortgage, by or on behalf of Martgagor oc Mortgagee, ahall bind anA inure to the benefit of their respeotive heirs~ sueaea~eora and assigna, whether ao expreaaed or not. f 3.02 AdAreeees for Notioee. etc. ~ M~~Y~~~ 1 ~ ~ ¦ 1 ~ ~~Yi~~~ 1~~ ~ ~ Any notioe~ report~ eeaa~a oc other inetruoan~ ~ authorized or reQuired to be given or furniahed unde~ thie ~ ' -12- B0~ 674 PA~ 1554 y- ~y . _ . . _ _-__-_~~.~._~Y~ C~ ~~~v4~-:.~%~$~~~iv~~~ ~4'i; 5~.