98110432 - Laserfiche WebLink

Browse

�..�,.��.�.- .��.-.-. >•+�++tt_wwp�!wNq[�v_�aw�n. _ _ � , 98— iso432 and clerts end sU other casta and expenses now or hereafter permitted by law)� which may be bmu�ht for the forocy�of thie Mort�ge, and/or for po�aession of the Collsteral. u�d/or tht collection of the indeb�ednesa sGCUred hereby, and/or for th� �ppolnunent of x raxivet, and/or for the eafomement of uny cove�unt or right in thia Mortgege•cantais►ecl anci payment thenof�hall 6e sccured hereby. Se�tion 2.30 Witlwut affxting the liability of nny other peraon liable for the pnymcnt of any obliguion t�ereia meationed, and wittwut affxting the lien or charge of th� Mortgage upon any af the Collsueral.not t6en or tberetofore releswed as security. for the full amount of all uc�paid oblig�tion,t. Mort�ga may, from time to time, and without nutice: release any persoaa su liable� eztend ihe rnawrity or alter aay of the teRne (including inteteat rates), of any such obligations, or gixat other indulgenxs; releax or cause w be nteased ac any time ac Mortgagee�s opcion, any paroel or portion. of the Callateral, t�lce or relr.a�e any other or additional security for xny obligation herein menti�oned, vonsent ia writing to the malcing of any map or plat or the replatting �f and/or rnalce c.amposition or other arrangements with any debtors or int�rested peroons in relatioa thereto. If Mortgaga at any time holds any addieonal sa.urity or guaranty for any obligations secured hereby� it may enfortx the s�le tberoof or otherwiae n�aliu . upon the same at its option� either before or concunrntly therewith or after � P��B � �� y �edy �wlth respect to this Mortgage, including � proaedings for fo�+eclo�unc. M. R�l�cement and Substitutions for Mactinerv��au�■menx. � . a aaxion;c.s i I�iortgagoc;si�aii t�ve the:dght ta inn�ke repl�cemems of or subatitutions for uty , ., � ��teian�of t6e Collateral wh�ch constitutes machinery a equipment without trie prior . • � � conaeat of tbe MoRgagee in tbe ordiauy courx of buaineas ptovided ttit the �� . � value of the Collateral as sxurity is not roducad or impRired by a�ch subatitution ;�� or taament and Mo ee , ., nP rtSag sh�il, aa of the time such repl�oanent or subatiwtion is effaxed� have a vxiid and perfe�ted first eecvrity i�enst in tLe sub�titute or repLceauent item. In the evart of my failure by Mottga�or to �Y ��N��forth in diis Saxian 2.31,Mortgagor ahall 1�ve a periai of thirty (30) days from the date Mortgagoc firat bccomea awut of ida fiWure to�ly,whetber by notice firom any thit�d party,by notioe fc+o�its own rxords, by notice aiven by Mortgaga or atheiwi9e, and so long as such fiilure w comply is fully aued within such period of thirty (30) daya auch failure s6all not coasdtute a default uMer this Mqrtgage. � �,, . ,;, . N, • ' . . Section 2.�2 Mortgagor covenanb and agn.es that should Matgagor further mortgs�ge or encumbec tLe Collueral or any p�rt tbereof, in any► w�ry,.:without tbe writtea oonseat of Mtrrtgaga being first obtained or if such moxtgage or encumbrancx AI�BD AND RBSTATBD MOR'IOACiB (4wd il�i�N��U �8