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Home My WebLink About2820 ~ , i ~ ~ cors:aer nece~sary or des~rab~e ~n order to eNectuate. complete eniarge, perfect, or ro cont~nue and pr~serve the ob~~gat~ons o! Mortgagor under the Note and th~s Mortgage and all other ~nstruments secunng the Note. and the hen ot th~s Mortgage as a first and pror !~en upon aii the Mortyaged Property Upon any ta~lure by Mo~tqaoor to do so. Mortaaaee mav make. execute. record. hle re-record, or rehle any and all such mortgages, ~nstruments. certrf~cates and documents fo? and ~n the name o~ Mortgagor Mortgago~ hereby ~rrevocably appants Mortgagee agent and attorney ~n-lact of Mortgagor to do al~ th~ngs necessary to effectuate or assure compl~ance ~nnth th~s paragraph ~0 Event of DeMult. An~ one of the foilow~ng shall const~tute an event ot default (a) Fa~lute by Mortgago~ to pay, as and when due arry payable. any ~nsta!iments of pnnc~pal or mterest due under the Note or any ciepos~ts for taxes and assessments or ~nsurance prem~ums ~ue hereunde~, or any other sums to be pa~d by Mortgagor hereunder or under any other ~nstrument secunng the Note (b) Fa~iure by Mortgagor to duly keep, perform and observe arry other covenant, cond~t~on or agreement m the ~lote, th~s Mortgage, any other instrument secur~ng the Note or any othe; instrument collatera! to the Note or executed ~n connect~on w~th the sums secured hereby for a per~od oi t0 days after Mortgagee g~ves wntten noace specify~ng the breach (c) If e~ther Mortgagor o~ any guarantor or endorser of the Note: (i) hles a voiuntary petd~on ~n bankruptcy. (ii) ~s ad~udicated a bankrupt or insdvent: or (~u) (~!es arry pent~on or ansnrer seewng or acqu~esc~ng ~n any reorganiiaUOn, managerr~ent, compogUon. 'L~ci~.j:;.~i~MF:'~i. ~~yu~`~iaiivi. vijjviiuv ~ vi ji~i~iiai iciici ivi iixii uiil~c( Aily iAW ICldi~fl(~ IV uci~-IRfilNll.~l. IIISUIVt,'ll(Jy (x (~f1(;! ft,'!It`I fo! debtors. or (~v) seeks or consents to or acqwesces m the appantment of arty trustee, receiver, master or i~quidator d~tseli or of all or any subs!ant~a! part of the Mortgaged Property or of any or all of the rents, revenues, ~ssues. earnings, prof~ts or mcome thereof. or (v) makes any general assignment for the benefd of creddors, or (vQ makes any adm,ss~on ~n wrbng of ~ts ~nab:l~ty to pay ~ts hebts generaily as they become due, or (v~~) a court of competent ~unsd~ct~on enters an order, judgmen! or becree appra~~ng a petrt:~n f~led against Mortgagor o~ any guarantor or endorser d the Note, see~,ng arry reorganuat~on, a!~argeme~t. cempos~Uon, read~ustment, !~qu,dat~on. dissoi~Uon or s,m~far rel~ef under any present orfuture fe~eral, state, or o~her statute. ~aw or regula?~on relat~ng to bankruptcy. ~nsolvency or othe~ rel~ef for debtors, which order, ~udgment or decree rema~ns ur~vacated and unstayed for an aggregate of s~xty (60) days whether ar not consecut~ve from the date o( entry thereof; o~ (v:~~} any trustee rece~ver o! ~~qwda?or o' tvlortgagor of aIl or any substanUat part of the Mortgaged Property or of ary or ~ a" o! the ren+,s. revenues ~ssues earr,~r,gs, prof,ts o~ ~ncome thereof. ~s appomted wRhout the prior wntten consent d Mor?gagee. ~ ~ v.h cn appo;n!ment shali rema:n unvacatec+ and unstayed for an 3ggregate e~ sixty (60) da•~s whether cr not consecuUve i (a) Any breach of any warranty or mater~al u~?ruth of any ~epresentat~on of Mortgagor conta~ned ~n the Note. th~s Mortgage ; ~ o~ any o?he~ ~nstrumen? secunng the Note f ;e~ ?he occu~rence of any default under the terms o! any m~ngage or other secunty ~nstrument wh,ch aeates a hen or ~ i o~her secunty interest on or ~n the Mortgaged Property ~ ~ ~ ; t' Acceleration. If an event of default sha~l have occurred. Mortgagee may declare the outstandmg pnnc~pa! amount ~ ~ o! thP Note and the :nteres! accrued thereon. and a!I other sums secured hereby. to be due and payabie ~mmed:ately. Upon j s~:ch declarabon such pnncipal and ~nterest an other sums shall ~mmed~atety be due and payable w~thout demand or not~ce ~ ' 12. Remedies after Default. Upon ar, event of default. Mortgagee may proceed by suit or su~ts at law or m equrty or ~ f b•,~ any other appropnate proceedmg or remedy to: (a) enforce payment of the Note or the pertormance oi any term hereof ~ o~ any o!her ngnt. (b) fo~eclose th~s Mortgage and to seil. as an entirety or in separate lots or parcels, the Mortgaged Property ` ~nde~ ,he ~udgment or decree of a court or courts of compeient ~unsd~ct~on; (c) coilect ail rents. +ssues, prd~ts. revenue, ~ncome , ; and o!her benef~ts from the Mortgaged Property; (d) appo~nt a rece~ver to enter upon and take possess~on of the Mortgayed 3 j Property and ?o collect all rents, ~ssues. prd~ts, revenue. ~ncome, and other be~ef~ts thereof and apply the same as a court ~ ; may d rect and such rece~ver shall have ali nghts and ~,ow~rs perm~tted under !aw, and ;e) pursue any other reniedy avadab~e ; f ?o ~t ~nclud~ng. but not i,m~ted to tak~ng possession of the Mortgaged Property v+nthoi;t nobce or hearing to MortGagoc Mortgagee ~ j shati take act~on e+ther by such proc;eed~ngs or by the exercise of ~ts pc~wer w~th respect to entry or tak~ng possesion. or both. ~ ~ as MortgageF: may determ~ne ~ t3 No Waiver. No delay or om~ss~on o! Mortgagee or of any holder of the Not~ ;o exerc~se any r~gtit, povver or remedy ~ acc!u,~g upon arw even[ of defau!t shall exhaust or ~mpa~r any such r.ght. paver or remedy or shall be construed to wa~ve ~ ' any even; of default o~ to consUtute acawesertce there~n ~ ~ t4 Non-Exclusive Remedies. No r~ght, paver or remedy con}erred upon cr reserved to Mortgagee t~r the Note. th~s ~ i Martgage or ary other mstrument secunng the Note ~s exclus~ve oi any other nght. power or remedy. but~ach and every ; ' such nght, pov~~er and remedy shali be cumulat~ve and concurrent and shali be in add~tion to any other nght, pan~er and remedy ~ g~ven here~nder or under the Noie or any othe~ ~nstrurnent secunng the Note. naw or hereafte? ex~st~ng at law, m eqwty or j hv Cta!i ~Se i t5 Successors arid Assigns Baund. Whenever one ot the part~es hereto ~s named or referred io here~n, the he~rs. ~ succ:essors and ass~gns of such party shali be ~ncluded and ail covenants and agreements rontamed ~n th~s Mortgage, by ~ or o~ beha~! a Mo~tgagor or Martgagee. s~a!I bind and ,nure to the bene4~ts o! the,r respe~t~ve he,rs. successars and ass~gns. ~ uvhether or noi so expressed i6 Miacellaneous. In the event that ary of the covenan,s agreements. terms or prov~s~ons contamed ~n the Note, th~s ~ Mortgage or any other ~nstrume~t secunng the Note shat! be ~rnahd. ~Ilegal or unenforceaWe ~n any respect, ~he val~d~ty of the rema~n~ng covenants, agreements. terms or prov~~ons contamed herem and ~n the Note and any other ~nstrument secunng ~~:e tJote sha~~ be ,n no way affected. pre~ud~ced or d~sturbed thereby 17 Attomey's Fees. The term 'attorne~~'s fees" as used m th~s Mortgage ~ncludes any and ai~ Iegai fees of whateve~ na;ure ~nc,lud~ng, but ~ot i~m~ted to. tees resuit~ng from any appea? ot any ~ntPrlocutory order or f~nai ~udgment or any other appeliate proceed~ng ansng out of any I~Ugat,on ?8 Futuro Advances. Th~s Mortgage ~s g,ven to secure not oNy exiSUr,g indebtedness, but also such tuture advances. rrhe!her such advances are obl:ga!ory a~ are to be made at the opt~or~ of Mortgagee. or otherw~se. as are matie w~th~n t~fteen years irem the date hereof to the sa~ne excent as rf such future advances we.e made on the date of the execution of th~s ~.Anrtn~no Thn ~nt~t omn„nf nf nrlnn~nllnn~c ~M.r.~~~ t.~T •.T~ ,...~..y.. w ~ ~u~ va,~.~a,u.~c, v~ ~.wfcu:w ,~an ~ unic iv iiii.c. vui oic ~o~a' U~~Gd!d Ga'ance so secu+ed at one ume shal~ not exceea tw~ce tne ta~e amoun; o( tne Note. ~Ius ~nterest thereon, and an; ~ sr~~;rsements ma~e fcr tne payr~~en? of ?axes. iev~es or :rsurar~ce on the Mortgagec Preperty w~th mterest on suc~~ -r.~rcn{r~cr~;S 3~ 'hf; ~efd.;!~ f~:;'E d5 ^Eff~d"er def rled _ Obligation of Mortgagor. '~!o~tr~ag,:~• sr~,;~ p,:.; r~ co~~ ,e~eas;^:~ cr sat:s!y~ng tr;~s M~rtqaye o' recorcl I I ~ooK ~ r ~ PnGE~oiGt! j _ _ _ . ~ _ _ ~