HomeMy WebLinkAbout1810 01i22i90 13:23 GUr15TER-BOCA ~
cumulative to the r~mediea !or colla~tion of indebte~nesa,
enfnrce~~~dr~t ~f riqhta undcr n+oxtqeqea, and preaetvation of
aecurity as pravided by lew. No a~t of the Mortqayee, ita
participants~ s~uc:ce8sora or aaaigns, ~chell be conatrued ae en
elecl.ion l.o proceod under any one proviaien herein or under Eho
Nut~ lo ~he e=cluaion of anp other provigion, or nn election of
ren~ediC~ tu the b~r of any other remedY allor•ed by 2aw or in
equity, anything herein or otherNiae to the contrery
n~twithstandinq.
MTICLS VI - ~411~
Bection 6.1 FLtLIC n ;f~cat~o~
The Mortqaqor, for itself and for all future ownera of the
Martgaged Property, agreea that thie Mortgage may be modified,
varied, extended, renewed or reinatated at any time by
agreement between the holder of thia Mort9age and the MOrkg~gor
or the then o~ner af the Mortqayed PropertY, Kithout noticQ to,
! or the conaent of, any aubordinete mortqa9ee. ju4gn?tnt creditor
~I or lienor, and any auch modificetion, v4ri~nce, extenaion,
~ renewal or reinatetement ah~+ll be binding upon auch aubordina~e
~ mortgegee, judyment creditor or lienor Nith the same torce and
eff~ct as if aeid aubordinate mortqaqee, judgment cr~di~ar ar
E li~n~z~ had affirmatively consented theteto. It is the
4 intention of the Mortgagor enc~ the Mortgagee Lhal. ~ny
modif icatior~ ~t~a).l maint~+in the aame lien priority as the
; otiqinal Mcrtgage.
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~ Section 6.2 Haiver~
~ The Mortqeqor waivea presentm~nt, demand, pcotest, r?~tice
~ of default, nonpeyment, pt~rtial paymenLs and ell otti~c n~tices
~ and formalities relating to this Mort,qaqe ot2i~st than notices
~ apecifically required hereunder. The Mpttye~yut conaents to anA
f waive3 notice of the gsa~ntiny af f~idulqdnc:at~ ~r e=tensions ot
~ timz of peyment, the taking or relea~ing ut ~~c:urity, the
~ eddition or rele~~e of persona primaxily ur secondarily liable
~ on or aith re~pect to liabilil.iett vf th~ M~rtqayor to the
~ Mortqaqtt, all in auch manner ~?nd at auch time or times a$ the
' Mortgagec moy desm edvi,aable. Na acl ot ~~ui~ssi~n vt the
Mortgagee ahall i~ ony way impeir vi nftesct any ot the Secured
Indebtednee~a or righ~a oL th~ M~rtgaqee in a~y security. No
deley by the t~vrtgeqee lo dz~~c;l~~ eny riqht, powet or remedy
hereunder and na indulye~~~c yive~n to the Mo=tqa9or in ~ase of
' any default, shall impaij atiy such riqht, power or remeay or be
construed ea havinq created a course of dealin9 or performanCe
5 contrary to the spec:if ~c: ~ruvisions o~ thia Mortyage or a~s a
h waiver oE any deiauit by the Mortgagor or any acquiescance
~ therein or ea a viclation oL ac~y cst the terms or provialonS of
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~ 5 600K V~V PACE~O~Q
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