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Home My WebLink About2185 9 Additlonai Oocumenta. At a~~ t~me; th.s Mortyaye ~s m effec;t. upon Mongagee s request. Mortyagor snaii make. execuce and ~e,~ver o~ cause ro be made execu!ed and del~vered to Mo~tgagee and where approp~~ate, shalt cause to be recorciecy o~ i~!ed and thereafter to be ~e recorded or ret,ied at such Ume and ~n s~ch places as shal! be deemed des~rable by Mortgagee ~~?y ~nd ~il SuCh ~ur;her mortg~c~es ~ns!r~in;en,s ot !wtner assurance cert~f~cates and othe? documents as M~rtgagee may cons~der necessary or des~rabte ~n order to effectuate, complete, enlarge. pertect. or to conbnue and prese~ ve the obl~gat~ons _ of Mortgagor under the Note and th~s Mortgage and ali other ~nstruments secunng the Note, and the hen of th~s Mortgage as a hrst and pnor I~en upon a!I the Mortgaged Property Upon any ta~ture by Mortgagor to do so. Mortgagee may make. execute. record, t~le, re-reco~d. or ~ef~le any and all such mortgages. ~nstruments, cert~f~cates and documents tor ancf ~n !he name ot Mortgagor Mortgago~ hereby ~rrevocat,ly appo~nts Mortgagee agent and attomey ~n tact oi Mortgagor ro do ail th~ngs n~cessary ro eftectuate or assure cornphance w~th ?h~s paragraph t0 Event of Detauit. Any one ot the to~~ow~ng shall const~tute an event ot csefa~lt (a) Fa~lure by Mortgagoi to pay. as and when due and payabie. any ~r,stallrrents of pnnc~pal or mterest due under the Note. o~ any depos~ts for taxes and assessments or ~nswance prem~ums due hereunde?. or any other sums to be pa~d by ~.~,.~,~,.,.in. ;;niin. ~n~. nthnr ~ncfrumnn! cPrunnr~ thn NntP . - , - (b) Fa~lure by hlortgagor to duly keep perform and observe any other covenant, cond;t~on or ayreeme~~t ~n the Nate, th~s ' Mortgage any other ~nstrument secunng the Note or any other ~nstrume~t coliateral ro the Note or executed +n connect~on w•~tr. the sums secured hereby for a penod of 10 days after Niortgagee g~ves wntten not~ce specrty~ng !he breach jc) If e~±hsr Mortgagor or any guarantor oi endorser of the Note t~tes a voluntary pebUon ~n ba~kruptcy. ~s ad~udscated ' a bankrupt or ~nsoivert, or (u~) htes any peUt~on or answer seek~ng or acqwesc~ng ~n any reorgan~zat~on, management: compos:UOn. r~ad~ustment. h4u~daUOn, d~ssoluUOn or s~m~lar rehef for Rself ur,dsr any law relat~ng to bankruptcy, insolvency or other rehei tor debtors. or (w) seeks or consents to or acqwesces ~n the appo~~tment oi any trustee. r2ce~~~er. master or hqwdator ot ~tseit or of a,i or any substanbal part of tne Mortgaged Property cr of any or all ot the rents, revenues. ~ssues. eam~ngs, prohts or :ncome thereof, or (v) makes any gerierai ass~gnment ior the benef~t ot cred~tors, or (v~) makes a~y adm~ss~on ~n wnUng ot ~ts ~nab~i~ty to pay ~ts debts generaily as they become due; or (v:~) a court of competent ~unsd~cUon enters an order, ~udgment or decree approv~ng a pet~t~or i~led aga~nst Mortgayor or any guarantor or endorser of the Note. seek~ng any reorgan~za?~on. ar~angement ~ompos~t~on, read~ustment, l~qu~dat~on, d~ssotut~on ~r s~m~lar rel~ef under any present or future federal. state. or ether statute. ~aw or regulat~on relat~ng to bankruptcy. ~nsoivency or other rei~ef for deb'ors, which order. ~udgment or decree rema~ns unvacated and unstayed for an aggregate of s~xty (60) days whether or not consecut~ve fiom tre date o! entry thereor. o~ (vw) any trustee, recerver or I~qwdator of Mortgagor of ali or any substant~ai paR of the Mortgaged Property or of any or a!I of the rents. revenues. ~ssues. earn~ngs, profrts or ~ncome thereof. ~s appo~nted wrthout the pr~or wntten consent ot Mortgagee wh ch ap~x+;n?ment shali rema~n unvacated and unstayed for an aggregate of s~xty (60) days whether or not consecuUve ~d) Any breach of any warranty or matenal untruth o' any representabon oi Mortgagor conta~ned ~n the Note th!s Mortgage or ar~ other ~nstrument secunng the Note (e) The occurrence o~ any detau~t under the terms o` any mcrtgage or other sec~nty ~nstrumen; wh;cn crea?es a t~en or o?he~ securrty +n,erest on or ~n the Mortgaged Property ~ ~ Aceeleration. it an event ot defau!t shall have occurred Mortgagee may declare the outstan~~ng pnnc~pal amount ' ot the Note and the ~nter?st accrued thereon. and ati other sums secured hereby. to Ge nue and pa~,rabfe rmmed~tety Upon i such declarabon such pnnapal and ~nterest and other sums shaf! ~mmecl~ately be due and payable w~!hout demand or not~ce I 1~ Remedies after Default. Upon an event of default, Mortgagee ~nay proceed by swt or suds at taw or m equ~ty or ~ by any other appropnate proceed~ng or remedy to: (a) enforce payment of the Note or the performance oi ar,y term hereof ~ or any other nght; (b) foreclose th~s Mortgage and to sell, as an ent~rety or ~n separate lots er parceis, the Mortgaged Property ~ under the ~udgment or decree of a court or courts of competent ~unsd~ct~on: (c} coliect ail rents. ~ssues, profrts. revenue, ~ncome and other benef~ts from the Mortgaged PropeRy: (d) appo~ni a rece~ver to entEr upon and take possess~on o! the Mortgaged ~ Property and to co!lect all rents. ~ssues, prot~ts. revenue. ~ncome. and other benef~ts thereot and apply the same as a court E may d~rect and such rece~ver shali have aH nghrs and po~vers perm~tted under law: and (e) pursue any other remedy ava~lable [ to ~t ~nclu~~ng. but no! hm~ted to tak~ng possess,on of the Mortgaged PropeRy v~nthc,ut noUCe or hearng to Mortgagor Mortgagee ~ shall take achon e~ther by such proceed~r.gs or by the exercise of ~ts parver with respect to entry or tak~ng posses~on, or t~oth. as Mortgagee may determ~ne ~3 No Waiver. No detay or om~ss~on oi Mortgagee or of any holder of !he Note to exerc~se any nght pow~r or remedy t accru~ng upon any event of default shalf exhaust or ~mpa~r any such nght. power or remedy or shail be construed to warve any event o( dEfault or to const~tute acqwesence therem. ~ ~4 Non-Exclusive F~emedies. No r~ght. power or remedy con!erred upon or reserved ?o Mortgagee by the Noie, tn~s ~ Mortgage or any other ~nstrument secunng the Note ~s exclus~ve of an~ other nght. power or remedy, but each and every such rght, power and remedy shall be cumulat~ve and concurrent a~d sha!I b~ ~n add~t~on to arry other nght, pa~rer and remedy ~ g+ven hereunder or ~ncie~ the Note or any other instrument securmg the Note, now or hereatter ex~sUng at law, ~n equ~?y or ~ by statute. ` t5 Succeasors and Asaigna Bound. Whenever one of the paR~es hereto ~s named os referred to here;n. the he~rs. ~ successors and ass+gns of such party shali be ~nc!ud2d and ail covenants and agreements conta~ned ~n th~s Mortgage, by ~ o~ on beha!f o( Mortgagor or Mortgagee. shall bind and mure to the benef,ts of the~r respecbve heus, successors and ass~gns. ; whether o! not so expressed ~ Z6 Mis~ellaneous. In the eve~t tha; ary of the covenants. agreemerts, terms or prov~s~ons conta~ned m the Note, th~s ~ Mo.^,gage or any other ~nstrument secunng the Note shat! be ~nval~d, ~Ilega! or unenforceable ~n a~y respect, the vahd~iy of the remammg covenants. agreements. terms or prov~sions contained here~n and in tne Note and any other ~nstrument secunng tne Note shall be ~n no wray aftec!ed. pre~ud~ced or d~sturbed thereby. 17 Attomey's Fees. The term "attorney's fees" as used ~n fh~s Mortgage ~ncludes any and all legal fees of whatever nature ~n; tud~ng, but not I~m~ted to, fees result~ng from any appeal o~ any ~nterlocutory order or t~nat ~udgment or any other appellate proceed~ng ar~s~ng out of any Irt~gat~on i8 Futuro Advances. This Mortgage is g~ven to sec~~re not only ex~st~ng ~ndebtedness. but also such future advances. whether such advances are obligatory or are to be made at the opt~on of ~~lortgagee, or ctherwise, as are made within f~iteen years from the date yereof, to the same extent as ~f suc:h future advances were made on the date of the exec~tion af th~s T Mortgage. The tota~ amount of ~ndebtedness that may be s4 secured may decrease or increase from bme to Ume, but the f total unpa~d balance so secured at one Ume s~tiatl not exceed twice the face amount of the Note, plus ~nterest thereon, and ~ ~ any d~sbursements made for the payment of taxes. levies or ~nsurance on the Mortgaged Property. +nnth mterest on such d~sbursements at tne Default Rate, as hereafter def~r.ed. - t9. Oblisatbn of Mortgs~or. Mortgagor shall pay the cost of releas+ng c~r sat~sfy~ng th~s Mortgage et record. 60uK 67~ P;,~F 2185 ~ ~W,• ~F'.~.~~, ~ r~ _.~~-~~.~~.v~~