Laserfiche WebLink
******************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** <br />- 130 - <br />201400400 <br />(iv) Appraisement. In a judicial foreclosure, sale of the Mortgaged Property shall be <br />made with or without appraisement, as Lender may elect, such election to be made at the time <br />the foreclosure judgment is entered or any time prior thereto. <br />3. Revolving Loan. The Note evidences a revolving loan. The actual principal <br />indebtedness from time to time evidenced by the Note shall be the sum of all advances made by <br />Lender to Borrower, less the aggregate amount of all principal repayments made under the Note <br />by Borrower to Lender. Borrower may, pursuant to paragraph 19 of this Security Instrument, <br />draw against the revolving loan from time to time, may repay sums advanced, in whole or in <br />part, from time to time, and again draw against the revolving loan, so that the principal amount <br />outstanding under the Note may fluctuate in accordance with such advances and repayments, <br />provided that the maximum principal amount outstanding at any time shall not exceed Loan <br />Amount listed on Schedule A attached hereto. <br />4. Fixture Filing. This Security Instrument shall be filed of record against the tract <br />index of the real estate records of the County Clerk of Tulsa County, Oklahoma as a fixture filing <br />and covers all of the items and types of Collateral constituting or to constitute fixtures as <br />defined in 12A O.S. §1- 9- 102(a)(41) and this Security Instrument shall constitute a "fixture <br />filing" and a "construction mortgage" as set forth in 12A O.S. §1- 9- 102(a)(40) and §1- 9- 334(h), <br />respectively, and secures an obligation incurred for the construction of improvements of land, <br />including the acquisition costs thereof. The record owner of the Mortgaged Property is <br />Borrower. <br />FOR MORTGAGED PROPERTY LOCATED IN PENNSYLVANIA <br />1. The following provisions are inserted at the end of paragraph 25: <br />(g) FOR THE PURPOSE OF OBTAINING POSSESSION OF THE <br />MORTGAGED PROPERTY IN THE EVENT OF ANY EVENT OF DEFAULT <br />HEREUNDER OR UNDER THE NOTE OR THE LOAN DOCUMENTS, BORROWER <br />HEREBY AUTHORIZES AND EMPOWERS ANY ATTORNEY OF ANY COURT OF <br />RECORD IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE, AS <br />ATTORNEY FOR BORROWER AND ALL PERSONS CLAIMING UNDER OR <br />THROUGH BORROWER TO APPEAR FOR AND CONFESS JUDGMENT <br />AGAINST BORROWER IN AN ACTION IN EJECTMENT FOR POSSESSION OF <br />THE MORTGAGED PROPERTY IN FAVOR OF LENDER, FOR WHICH THIS <br />SECURITY INSTRUMENT, OR A COPY THEREOF VERIFIED BY AFFIDAVIT, <br />SHALL BE A SUFFICIENT WARRANT; AND THEREUPON A WRIT OF <br />POSSESSION MAY IMMEDIATELY ISSUE FOR POSSESSION OF THE <br />MORTGAGED PROPERTY, WITHOUT ANY PRIOR WRIT OR PROCEEDING <br />WHATSOEVER AND WITHOUT ANY STAY OF EXECUTION. IF FOR ANY <br />REASON AFTER SUCH ACTION HAS BEEN COMMENCED IT SHALL BE <br />DISCONTINUED, OR POSSESSION OF THE MORTGAGED PROPERTY SHALL <br />REMAIN IN OR BE RESTORED TO BORROWER, OR BOTH, LENDER SHALL <br />HAVE THE RIGHT FOR THE SAME DEFAULT OR ANY SUBSEQUENT <br />