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201508663
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Last modified
12/22/2015 4:45:44 PM
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12/22/2015 4:37:30 PM
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DEEDS
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201508663
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51668048.5 <br />31 <br />201508663 <br />(n) Effect of Extensions and Amendments. If the payment of the Debt, or any <br />part thereof, be extended or varied, or if any part of the security or guaranties therefor be <br />released, all persons now or at any time hereafter liable therefor, or interested in the <br />Mortgaged Property shall be held to assent to such extension, variation or release, and <br />their liability, and the lien, and all provisions hereof, shall continue in full force and <br />effect; the right of recourse against all such persons being expressly reserved by the <br />Lender, notwithstanding any such extension, variation or release. <br />(o) Mortgagee -in- Possession. Nothing herein contained shall be construed as <br />constituting the Lender a mortgagee -in- possession in the absence of the actual taking of <br />possession of the Mortgaged Property by the Lender pursuant to this Mortgage. <br />(p) No Merger. The parties hereto intend that the Mortgage and the lien <br />hereof shall not merge in fee simple title to the Mortgaged Property, and if the Lender <br />acquires any additional or other interest in or to the Mortgaged Property or the ownership <br />thereof, then, unless a contrary intent is manifested by the Lender as evidenced by an <br />express statement to that effect in an appropriate document duly recorded, this Mortgage <br />and the lien hereof shall not merge in the fee simple title and this Mortgage may be <br />foreclosed as if owned by a stranger to the fee simple title. <br />(q) Complete Agreement. This Mortgage, the Note and the other Loan <br />Documents constitute the complete agreement between the parties with respect to the <br />subject matter hereof and the Loan Documents may not be modified, altered or amended <br />except by an agreement in writing signed by both the Borrower and the Lender. <br />(r) JURISDICTION AND VENUE. EXCEPT WITH RESPECT TO <br />FORECLOSURE ACTIONS OR OTHER ENFORCEMENT ACTIONS <br />REQUIRED TO BE BROUGHT IN THE COUNTY AND STATE WHERE THE <br />MORTGAGED PROPERTY IS LOCATED, BORROWER HEREBY AGREES <br />THAT ALL ACTIONS OR PROCEEDINGS INITIATED BY BORROWER AND <br />ARISING DIRECTLY OR INDIRECTLY OUT OF THIS MORTGAGE SHALL <br />BE LITIGATED IN THE CIRCUIT COURT OF ST. LOUIS COUNTY, <br />MISSOURI, OR THE UNITED STATES DISTRICT COURT FOR THE <br />EASTERN DISTRICT OF MISSOURI OR, IF LENDER INITIATES SUCH <br />ACTION, IN THE CIRCUIT COURT OF ST. LOUIS COUNTY, MISSOURI, OR <br />THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF <br />MISSOURI OR ANY COURT IN THE STATE IN WHICH THE MORTGAGED <br />PROPERTY IS LOCATED. BORROWER HEREBY EXPRESSLY SUBMITS <br />AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION <br />OR PROCEEDING COMMENCED BY LENDER IN ANY OF SUCH COURTS. <br />BORROWER WAIVES ANY CLAIM THAT ST. LOUIS COUNTY, MISSOURI <br />OR THE EASTERN DISTRICT OF MISSOURI IS AN INCONVENIENT FORUM <br />OR AN IMPROPER FORUM BASED ON LACK OF VENUE. THE EXCLUSIVE <br />CHOICE OF FORUM FOR BORROWER SET FORTH IN THIS SECTION <br />SHALL NOT BE DEEMED TO PRECLUDE THE ENFORCEMENT BY <br />LENDER OF ANY JUDGMENT OBTAINED IN ANY OTHER FORUM OR THE <br />TAKING BY LENDER OF ANY ACTION TO ENFORCE THE SAME IN ANY <br />
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