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HomeMy WebLinkAbout2786 without affecting, disturbing or impairing in any manner whatsoever the validity and priority of the lien of this mortgage for the full amount of the indebtedness remainin~ ~ unpaid, together with all interest and advances which shall ` become payable, upon the entire remainder of the mortgaged property which is unreleased, and without in any manner ~ affecting or impairing to any extent whatsoever any and all other collateral security which may be held by the Mortgagee. It is distinctly understood and agreed by the Mortgagor and the Mortgagee that any release or releases may be made by the Mortgagee without the consent or approval of any other person or persons whomsoever. 21. If the Mortgagor defaults in the performance of any of Mortgagor's covenants and agreements contained herein, particularly including, but not limited to the covenants and agreements contained in Paragraphs 2, 3, 9, 6, 7, 8, and 11 hereof, and the said default can be cured by the payment of money, Mortgagee shall have the right at any time, and without waiving or affecting its option to foreclose or any other rights hereunder, to pay such sums of money as may be necessary or required to cure the default, and all sums so paid shall forthwith upon payment thereof, together with interest thereon at the highest rate permitted by law, and any and all costs, charges, abstract fees, attorneys' fees and other eapenses incurred or eapended in connection with the said payment, be due and payable from the Mortgagor to the Mortgagee, and this mortgage shall stand as security therefor, and any sums so paid j shall be deemed an indebtedness in addition to the indebtedness ~ hereby secured. ~ 1 ~ 22. Mortgagor shall promptly pay, when due, all ~ assessments imposed, pursuant to the provisions of the Declaration of Condominium of Village Green Drive Plaza. ' 23. It is understood and agreed by Mortgagor that as part of the inducement to Mortgagee to make the loan evidenced by the Note, Mortgagee has considered and relied on the creditworthiness and reliability of Mortgagor. Mortgagor covenants and agrees not to sell, convey, transfer, lease or further encumber any interest in or any part of the Mortqaged Property without the prior written consent of Mortgagee, and any such sale, conveyance, transfer, lease or encumbrance made without Mortgagee's prior written consent shall be deemed to be i an event of default under this Mortgage. If any person should ; obtain an interest in alI or any part of the Mortgaged Property ' pursuant to the eaecution or enforcement of any lien, secutity interest or other right, whether superior, equal or subordinate ` to this Mortgage or the lien hereof, such event shall be deemed ~ to be a transfer by Mortgagor and a default hereunder. ~ Additionelly, if Mortgagor is a corporation or partnership, the g sale, assignment, pledge, transfer, hypothecation, or other ~ disposition of any proprietary or beneficial interest in y Mortgagor without the prior written consent of Mortgagee shall ~ be deemed to be an event of default under this Mortgage. L$ I ~ IN WITNESS WHEREOF, the Mortgagor on the day and year ~ first above written, has egecuted these presents under seal; ~ if, when and as a corporation, by and through its duly authorized officers, as the act and deed of the corporation, whose names appear hereunder. Signed, sealed, read and deliv re in the p ce of: r ~ - ~ ROSARIO . SUC~TO, SR. ~ G ~ ~l , ~ / ~~/~i'" %r~C~l ' ~ As to Mo gag CECILE SUCATO ~ ~ -6-. i p 674 e,~~f2786 ac~~ € ~ _ -