86100153 - Laserfiche WebLink

Browse

a ? It, the event the Property. ar any pan. thereof. snail be taken by eminent domain. the Mortgagee is enrpow,,,d tar cothecs and receive jai .. ion which ma be Paid for any property taken or for damages to property am and Mortswe Alan app such compensation, at its option. either to a reduction of the indebtedness secured hewbv or %Ya rep it and restore the popmu so damaged. Pa by Meetprr- Mortgagee nay, but shall have no obligation, to do any act which the Maatgalm tan agreed s -ta do, and Mortgare may &We do am act at Am= necessary to PIVVKI the lien hereof. > ii+ -M- upon dozoand. amp* srr;ts so expended by the MortrVe for the above purposes. and nay suers so expended by the Mortillingee shall be added to the indebtedness swured hereby and become sublect to the lien hereof. Motrtpa{ee sho Val inert any personal hhbtiaty because of art5thing It coy do or omht to do hereunder. q_ Da Brat: Ainagainient of Monts Time is of the essence hereof, and UP= Mortgages default in ins covenant or agreement of this 11aatgoge, II+dnding covenants to pa♦' when due the ;sums secured by This Mortgage, the Mortgagee stab be testified. at its apbon and without notice. to deuctarE a!1 sums secured by this Mon{age to be immediately due and payable and COMMICTIOP forrchnsme of this Mortgage be ludicuu proceediW; and.. provided 'furthce, fiat upon suer tie• the Mortgagee, or a receiver appointed by a court, mac at its option and without regard to the adequacy of the secutifty, emer upon and take poaersaon of the property and collect the rents. issues and profits therefrom and apply them &St . to me cost of coliemon and aperaiaun of the PropeM and then upon the indebtedness secured by this Mortgagee; sod nuts, issares and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereiry. iii. TVMda of property. If ail or any part of the property i5 sold or transferred without the express written con- sent of he -, Moygagee nab .al its stye option, declare all turns secured bN this Mortpr to be immediately doe and payable. 13. Future Advances Upon 'request of Mortgagor, MuTtgagee may make additional and future advances to MortMoT Such advances. w'ittt int0yeSt thereon. shall be secured by this Mortgage when evidenced by promissory notes that said note, are cured etb� -. :•fit no time stall the principal amount of the indebtedr>� d by #� rtvt inciuedirg sums ad-,anted to protect tfrt• security of this M0n9age, exceed the original ?Vote. vr" •? Pro —ions. iaa hnv forebea-anre in exercising any right or remedy shall not ire a waiver tbereof. bj nit remerfic�s prorided herein arm distinct and cumulative to any other right afforded by law or equity, and may be Quercisec _oncurtently, independently or successively- lei 'ate covenants and agreements contained herein shall bind. and the right inure to. the respective sauces on and assigns of the Mortgagor and the Mortpgee- d i ?ill covenants ana agreement of tht Mortgagor are joint and several. vet ?5tc laraatimp of ztte paragraphs of this ldongage are for convenience oily and snail not be used :a inter- pret ar define tbr- praas^isions hsertwf. i prsn pnzment of iii surest -secured m this Morgage. Mortgagt•e snail y =charge tni5 Mortgage and shall a xecuae and deliver a sausfacto :-1 n lease therefor- n oir'r \EIS VFIiEP£ti'r. - ilrmgagrar h;a e3ecntt d t *his'1Phnrtgage r r, tine ;ice. day sock. -ef L:oun'y ss: 14 — nefore- me. In-- undersigned, a tiotan Public dra3_y c omn;,Lce4oned snd qualifad for said count? , pe sonali came - -- — — _ -- -,- ----- -------- -... --_ -- 'o me known to be the detatacaS - t':utnis; who ** narra•t are j:ubscritwd to the foregoing instrument and aci!nowledged the execution ±tae -seof sr, - 3ais tolunran- no and deed. Witimm my hand and r mxnai wai at _ ? i �3 1, ��1 «5 -- -- --- in said county, the date aforeAid Mg lama ion tx re. i , Pubhr C. QEfflX-5- �.i s8¢l�f�yp �� kv it:• "'� ... . 1 Up