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Home My WebLink About2469 ~ 9 Additional Documents. At ai: t~rnes!rus Mortgage ~s ~n etlect upon Mortgagees request Mortyagor shall make. execute a?a dei~ver or cause to be made exec~:ced anci nel~vered !o Mo~cgagee and where apGropr~ate. sha~i cause to be recorde~ o~ h!ed and thereafter tc t~e re rec:o~ded or ref~led at such ume and ~n such Fiaces as shall be deemed des~raGle by Mortgagee any ano au sucn twther n,ortgages ~nsUumen;s o! fu~tner assurance. certd~cates and other documents as Mortgagee may cons~der necessary or des~rable ~n order to effectuate. comp!ete, eNarge. perfect. oi to cont~nue and preserve the obl~gauons of Mortgagor under the Noee and th~s Mortgage and ali othe? ~nstruments secun~g the Note, and the I~en of th~s Mortgage as a f;rst and pr~or !~en upon all the Mortgagecf Property Upon any la~lure by Mortgagor to do so, Mortgagee may make execute. record, t~le, re-rec;ord. or re!~ie any and all such mortgages, ~nstr~ments. cert~f,cates and documents tor and ~n the name of ~ortgagor Mortgagor hereby urevocably appo~nts Mor;gagee agent and attomey-~n-tact at Mortgagor to do all m~ngs necessary ro effectuate or assure comphance w~th th~s paragraph 1Q Event of DeMult. Any one ot the follow~ng shall const~tute an event ot default (a} Fa~lure by Mortgagor to pay. as and when due and payable, any ~nstalimen,s ot pnnc~pal or ~nterest due r~nder the Note, or any dep~s~ts for taxes and assessments or ,nsurance prem~ums due hereunder, or any other sums to be pa~d by Mortgagor nereunder or under any other mstiument secunng the Note (b) Fa~lure by Mortgagor to duly kcep, perform and observe any other covenant, cond~t~on or agreement m tne Note, th~s Mortgage. any other ~nstrument secu?~ng the Note or any other ~nstrument c~!lateral to the Note or executed ~n connect~on ~a w~th the sums secured hereby for a penod of 10 days after Mortgagee g~ves wntten nobce specrfy~ng the breach { (c) If eRher Martgagoi or any guarantor or endorser of the Note hies a voluntary pett~on ~n bankruptcy. (~Q ~s ad~ud~cated ~ bankrupt or ~nso!vent; or (~u) files arry peUtion or answ~er seeking or acqwescmg in arry reorganization, management, compos~UOn, read~ustment. I~qwdat~on, d~ssolubon or s~m~lar rel~ef for ~tself under any law relat~ng to bankruF!cy, ~nsolvency or o?her re~~ef for debt~rs. or (~v) seeks or consents to or acgwesces ~n the appo~ntment of any trustee, rece~ver, master or hqu~dator of rtself or of aU or any substant~al part ot the Mortgaged Property or of any or all of the rents, revenues. ~ssues, earrnngs, prohts or ~ncorne thereof. or (v) makes any ge~eral ass~gnment for ths benef~t of cred~tors, or (v~} makes any adm~ss~on ~n wnt~ng of ~ts ~nab~!~ty to pay rts debts generally as they become due: or (vu) a court ot competeni ~unsd~cUon enters an order, ~udgment ~ or decree apprav~ng a pet+t~on (~led aga~nst Mortgagor or any guarartor or endorser ot the No?e, seek~ng any reo~garnzat~on, arrangement. compos~t~on, read~ustment. I~qu~dat~on, d~ssolut~on or s~m~lar rel~ef under any Fresent or future federai, sta;e, or oeher statute. law or regulaUan relahng to bankruptcy. ~nsolvency or other reLef for debtors, wh~ch order. ~udgment or decree rema~ns unvacated and unstayed for an aggregate of 's~xFy (60) days whether or rot consecuUve from the date ot entry thereof; or (v~u) any trustee. rece~ver or I~qu~da?or of Mortgagor oi all o~ any subsianual part af the Mortgaged Property or of any or ail of ihe rents. reven~~es. issues. earninos. orof~ts or income thereot. ~s aRqo~nted ~nthout the pnor wntten consent of Mortgagee. ,vh,ch appo+ntment shail rema~n unvacated and unstayed for an aggregate o! s~xry (60) days whether or not consecut~ve ~ (d) Any breach of any warranty or matenal untruth of any represe~taUon ot Mortgagor contained ~n the Note. th;s Mortgage or a~y other ~nstrument secunng tre Note (e) The occ~rrence of any default under ?he terms ot any mortgage or other secun;y ~nstrument wh~ch creates a hen or o?her secunty ~~terest on or ~n the Mortgaged Property 11 Acceleration. If an event of default shall have occurred. Mortg~gee may deciare the outstand~ng pnnc~~al amount of the Note and the ~nterest accrued thereon. and all other sums secured hereby, to be due and payabie ~mmediately. Upon such declarat~on such pnnc~pal and ~~terest and o?her sums shall ~mmed~ately be due and payable wnthout demand or noUCe 12. Remedies after Default. Upon an event of defauit, Mortgage2 may proceed by suit or su~ts at Iaw or ~n eqwty or by any other appropnate proceed~ng or remedy to: {a) eniorce payment af the tVote or the performance of any !erm hereof or any o:her ngh?; (b) foreclose th~s MoRyage ard to sell. as an entirety or ~n separate lois or parcels, the Mortgaged Property under !he ~udgment or decree of a court or courts of competent junsd~cUon; (c) collect afl rents, ~ssues, profds, revenue, income and other benef~?s from the MoRgaged Property: (d) appo~nt a receiver to enter upon and take possession of the Mortgaged ' Propeny and to coilect all rents. issues. profits, revenue. ~ncome, and other benef~ts thereof and appty the same as a court may d~rec; and such rece~ver shali have all r~ghts and powers perm~tted under iaw; and (e) pursue any other remedy available ro ~t ~nclud~ng but not l~m~ted to tak~ng possess~on of the Mortgaged Property w~thout not~ce or hearir~g to Mortgagor. Mortgagee sha~l take act~on eithe+ tr~ such proceed~ngs or by the exerc~se ot ~ts pawer w~th rescect to entry or tak~ng posses~on, or both. as tilortgaye~ ~,~ay determ~ne. 13. No Waiver. No delay or om~ss~on ot Mortgagee or of any holder of the Note to exerc~se any r~ght, power or remedy accrumg upon any event of default shali exhaust or impa~r any such nght. power or remedy or shall be construed to wa~ve ary eve~t 7f default or ta const~tute acqwesence there~n. F ; 14. Non-Exclusive RemedEea. No r~ght. power or rem~dy conterred upon or reserved to Mortgagee by the Note, th~s r Mortgage or any other instrument secunng the Note ~s exclusive of any other nght, power or remedy, but each and every ~ such r~ght, pcnver and remedy shati be cumulat~ve and concurrent and shafl be ~n addition to any other right, power a~d remeciy ~ g+ven hereunder or unde~ the Note or any other instrument secunng the Note. now or nereafter ewsting at law, m equ~ty or ~ by statute ~ 15 Successora ar+d Assigns Bound. Whenever one of the part~es hereto ~s named or reterred to here~n, the he+r~. ~ successors and ass~gns G such party shall be ~ncluded and ai! coverants and agreements conta~ned in th~s Mortgage, by ~ or on behaif of Mortgagor or Mortgagee, shall b~nd and i~~re to the benef~ts of their respecUve he~rs, su~cessors and ass+gns, ° •.vhether or not so expressed ~ ~ 16 Niiscellaneous. In the event that any of the cove~ants, agreements, terms or prov~s~ar~s contained ~n the Note, th~s Mortgage or any other +nstrument secunng the Note shall be inval~d. ~I;egai or unentorceable ~n any respect. the val~d~ty of ~ the rema~rnng covenants, agrz~ments, terms or pra~~s+ons con?a~ned here,n 2r~d ~n the Note and any oth2r ~nstrument secunng ?he Note shall be ~n no ~~ay affected, pre~ud~ced or d~sturbed thereby t7 Attomey's Fees. The term "attorney's fees" as used ~n th~s MoRgage ~ncludes any and ai! ~ega~ fees of whatever nature mclud~ng, but not I~m~ted to. fees resulUng from any appeaf ot any ~r;erlocutory order or f~nal ~udgmen? or any other a~peilate proceed~ng ansing ~ut of any I~t~gat~an 18. Future Advances. Th~s Mortgage ~s g~ven to secure not only ex~st~ny ~ndebtedness. but also such future advances. whether such advances are obl~gatory or are to be made at ihe opt~on of ~~Aortgagee. or otherw~se, as are made w~t~~n (~fteen ` yearg from the date hereaf, to the same extent as rf such future advances vvere made on the date ot the execuUon of th~s ` hlortgage. The total amount of :ndebtedness that may be so secured may ~lecrease or ~ncrease from Ume to Ume, but the ~ s to?al unpa~d bafance so securec at one Ume shall ~ot exceed ?w:ce the face amount ot the Note. pius ~nteres! thereon. and ~ any d~sbursements madQ for the payment of taxes. lev~es cr ~nsurance on rhe Mortgaged Property, w~th ~nterest on such ~ d~sbursemen~s a! the Deta~it Fate, as hereafter def~ned. ~ 19 Oblisatlon of Mortgayor. Mortgagor shall pay the cost o! releas!ng or sat~sfy~ng tn~s Mortgage of record ~ ~ . Q R S~~ PAvE~~l1a~ . ~ . . 60~K ~ ' -~,e ~ ~ s~ . ~ ~~°~.~,r~``~~.~~~~~~~~:u -