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83006302
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Last modified
11/20/2008 9:31:09 AM
Creation date
11/20/2008 9:31:09 AM
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DEEDS
Inst Number
83006302
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<br />I" <br /> <br />83-006302 <br /> <br />necbanic's or other HellS not expressly subordinated to the lien hereof; <br />not to make, suffer or pennit any nuisance to exist, nor to diminish or <br />illpair the value of the Property by any act or omission to act; and to <br />conply with all requireroonts of law with respect to the Property. <br /> <br />6. OJndetmation. In the event the Property, or any part <br />thereof, shall be taken by eminent cbnain, the Mortgagee is EfI1JO\IIered <br />to collect and receive all coopensation v.tJich may be paid for any <br />property taken or for damages to property not taken, and !.brtgagee shall <br />apply such <Xrlpi!llSll.tion, at its option, either to a reduction of the indebt- <br />edness secured hereby or to repair and restore the property so damaged. <br /> <br />7. Pertonnance by !.brtgagee. MJrtgagee may, but shall have no <br />obligation, to do any act v.tJich the "brtgagor has agreed but fai 16 to do, <br />and 1>brtgagee nny also do any act it deems necessary to protect the lien <br />hereof. 1>brtgagor agrees to repay, upon dermnd, any SUIIB :,;0 expended by <br />the !.fortgageefor the above l=U.rposes. and any SUIIS 00 eJqJended by "brtgagBe <br />shall be added to the inoobtedness secured hereby and beCOlOO subject to <br />the lien hereof. 1.brtgagee shall not incur any personal liability becau..<;e <br />of anything it rrny do or rroit to do hereilllder. <br /> <br />8. fufault; Assig!ll'rent of Rents. 'N.Jre is of the essence hereof, <br />and upon lobrtgagor's oofault in any convenant or agreenEnt of this lobrtg-age. <br />including covenants to pay when due the StIlE secured by this "brtgage. the <br />lobrtgagee shall be entitled. at its sole option and without notice. to <br />declare all sum secured by this "brtgage to be irrrrediatley due and payable <br />and nny CCIlfllWlce foreclosure of this 1brtgage by judicial proceedings; and, <br />provided further, that upon such default the Mortgagee, or a receiver <br />app:>inted by a court, may at its option and wi thout regard to the adequacy <br />of the security, enter upon and take possession of the Property and collect <br />t.'le rents, issues and profi ts therefran and apply them first to the cost of <br />l'oll<"ctJon and op6'I'ation of the Property 'Uld then upon the indebtedness <br />secured by this lobrt.gage; said rents. issues and profits being hereby assigned <br />to the lVrtgagee as further securi ty for the paYll'ent of the indebtedness <br />secured hereby. <br /> <br />9. Other M)rtg-ages and Security Agrearents. 'Ilils MJrtgage shal1 <br />not 1n any way restrict. nulli fy. re\e'Oke or otherwise affect any exishng <br />or future rrortgage or rrortgagt."S. or any existing or future security agree- <br />rrent or oocuri ty agrearents given by \lortga....or to ~lortgagee. <br /> <br />10. Transfer of Property. If all or any part of the Property or <br />any interest of lobrtgagor therein is sold, transferred or further encurrbered <br />wi thout the express wri ttan consent of th.. ~brt~. ~brtgag<.>e rray. at its <br />sole option. declare all SlITS secu.n'!d by this Mortgagee to be iI1'flEdiately <br />due lUld paYable. <br /> <br />11. 1tisoellaneous Provisions. <br /> <br />a. Any forbearance in exercising any n.'.ht or rm.:ldy shall <br />rot be a w.uver thereof. <br /> <br />b. ,""11 r~dies pl'Qvi(.k::d hen}in a.re dist inct ;l.r.d r:tC~iul;ltl \.'1: <br />to any oth€r right affom~d by law or equlty, and may b(:J t_'xerci:_::;(~d i:'::}:'i-- <br /> <br />~l- <br /> <br />L <br /> <br />L <br /> <br /> <br />u <br /> <br />.-l <br />
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