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<br /> , : , . . . � 90--� iQ�626 �
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<br /> 6� Per�o �nce b 1Kort a �e. Mortqaqee may, hut sha.11 . �
<br /> ' `� `. �: Irav� no ob qatxon to, an� ac�. ,�ch the i�r�qaqor has aqree� - -_- _
<br /> ` � �� bnt failed to _do, and Mortgagee may alsa do an� act Mor�gaqes , � � .
<br /> - � � , de�ms na��asary .to protect the �aen hereof. �asrtqaqor agrees �o --,�
<br /> . - re�a�. upon deeand�. at��P �� so ezpended by.the L�rtgagee for the ,
<br /> above purposes, and .a»y swas so e�cpen�ted by the iKortgaqee shall
<br /> � #� at�ded tc� tiYe inde�fi�dztess secured Izereby and becote subject to , � ,
<br /> . : �� � � the Zieta bereaf, '' � i�ortqaqee shali no� iacur� 'any personal �
<br /> .:;;':_;�_: �: lfab3.lity because .c�€ anything the Mortqagee ma�. rlo or omit to do ,
<br /> �:;� � hereun8rr... . . , ; �
<br /> .:...� .-
<br /> `; .��>:: 7. Defat�lt; 1�►ssf nt. o€ Rents.� �ime is of the esseace ,
<br /> _ �'-:`''<�.� hereof, an npea Mas gagor s, � t an any coveaant or agree�ent
<br /> � �` � _ . � of �is 1Kortqaqe, ° iaciur�inq ca�r�cants ta pay when due the sums ,
<br /> � � . s�ct�r�a bg. this 1KOrtgaq�,; the Mortqagee sht�21 be er�titled, at . �:':; .
<br /> � � '� l�rtgaqee`�.:.sote opt�on'. �d withorat narl:i�c�, to. declare all sum$ ,' '',�`�� �°
<br /> � ` . . ' �ae�ased ��:{:;�hia Mo��c�ag� to be immedi��lp d�e and pay�+ble. and ..,.� . .
<br /> .r. ;� ; .
<br /> .�-..,-.;: . . ms�►" ca�nce , €s�s�closure of this � Mortc,��;�e b� juds�ial �.', ,�: '�• , :;. .
<br /> �.,S:�.. .,
<br /> . �,r:�� , � , . ,:: . procee��ngs.: anc�;- .���tovrfded further. , that upar�, �u�.h. .def�ul�.;,�he.� .
<br /> ,�:•�., � ,.:�,
<br /> . Mortgaqee,; �.�r a x���.�'� appofnted by a Co�.�.; �,�����.� at �$ir .
<br /> . ��;:; �� opt�:os► anc� �t�taut =�ges� to the adecr�ra�y of �� ��aii�;�fiy. .c�t�Qx �� _ .
<br /> -'�` ..upa�l� anr7 take �r���ies�i�a� •af ,t�� pra��rt�, c���e�t ��,�z,� ��:���. . , •. �
<br /> . . . is�r�es and psof$t� ttc��e���-��..appl�r them f�:i�8't ta :•.��. cc�t of - _ . -- . - .
<br /> ��' , ° callectier�>. a�rid operati�ts� �of the property and then upon the
<br /> � �� i.ndebte�Iness secure8 by Ch�s Mortgage= safd rents, is�ues and '
<br /> � profits beinq a$siqned to the Mortgagee as further security for �
<br /> •• the paytaent of the indebtedness secured hereby. �' �
<br /> � Ra Tz�ansfer of Pr_a�e_r_ty. If al2 or any past pf the ; _,�.'
<br /> � � property is so or trans e�by tHe Mort_gagor, Mortgagee may, � –_
<br /> at their sole optien, declare all sums seca�red by this Morkqaqe '._�_
<br /> � to be immediately due an8 peyable. � � .•F�-
<br /> �
<br /> � ; 9. Miscellaneous Provisions.
<br /> � �
<br /> ; A. Any forbearance in exercfsing any right ar remedy
<br /> ' • ehall not be a wa�.ver thereof. =—
<br /> B. All remedies provided herein are distfnC� and
<br />. cumulative to dny other right affor�e� by law or eguity, and may .
<br /> ; be exerciged, concurrently, independently or successive2y. '
<br /> C. The cove�ants and agreements rontafne8 h�rein .
<br /> ; she21 bin�, and the rigt�ts inure to the reepective �uccessors, •�
<br /> ,� heirs, and assiqns o� the Mortgagor and the Mortgagee. �_
<br /> , �
<br /> , � 0. A�1 covenctn�s and agreements of the btortgagor are '
<br /> joint and a�verAl. ' -
<br /> E. The headings of the paragr,aphe of this Mortgage
<br /> . are t'or convenience anly arrd ahall not be uaed to interpret or
<br /> . . � define the provisions -hereaf. �
<br /> � • 10. Release. Upon �aayment of ul2 sums seoured by this
<br /> . Mortgage, oM"'i�g g e shall discharge this Mortgage and $ball
<br /> . . : execute and 8eliver A satfsfactory release therefor.
<br /> _ IN �2TNES����a�', the Mortgagor has ex��uted this ----
<br /> Mortgage csn. the� � � day of ,. 1990. •
<br /> . . . , , � �_ .,, . �
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<br /> � AT .i� E M. LARS , � us �n
<br /> Wi fe, Mortgagor
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