|
<br />r
<br />
<br />
<br />).:.
<br />
<br />~"b
<br />
<br />
<br />14. That if any provi$ionshereof shouJ:dbeheld
<br />unenforceable or void, then such provision shallbrCl.e~r4
<br />separable from the remaining provisions andsha!:l in:n,owai,;:
<br />affect the validity of this Mortgage. .
<br />
<br />15. That if any action or proceedingbec~nlin~ed.tro:,:
<br />which action or proceedingtheMortgag~is. 1l1a,<ieapafty'p;t
<br />reason of the execution of this Mortgage or .t:heObli9ati~Iil:.
<br />which it secures, or in which the Mortgageedeemli!i:'l:!'ll;!Clast5~
<br />to appear or answer in order to uphold thel;i.en o:f tehis.,' .
<br />Mortgage or the priority thereof or the possessioti.ofthe'
<br />Premises, or otherwise to protect its interests or security'
<br />hereunder, all sums paid or incurred by the Mor:tga.geefol:'
<br />attorneys' fees and other expenses in such actionorproceedin9:
<br />shall be repaid by the Mortgagor, together with interest
<br />thereon from date of payment by the Hortgagee, at the.rate'
<br />of eighteen percent (18\). per annum, and all such sUIIIs:and
<br />the interest thereon shall be i1lll'llediately due and paYabllOl:
<br />and be added to and become a part of the Obligations secured
<br />hereby in such manner or order as Mortgagee may desire or
<br />determine. and be secured hereby, having the benefit of the
<br />lien hereby created and of its prio~i.ty.
<br />
<br />16. That acceptance .JY Mortgagee of any sum in payment,
<br />or part payment, of the Obligations secured hereby, after
<br />the same is due Qr after foreclosure proceedings are filed,
<br />shall !lot constitute a waiver of the right to require prompt
<br />payment when due. of all other obi iga.tions so secured, nor
<br />shall such acceptance cure or waive any remaining default or
<br />lhv"lidate any foreclosure proceedings for any such remainilt<,J
<br />default. or preJudice ~\ny of the rights of Mortgagee under
<br />this Mortqaue.
<br />
<br />.', The terms Mortqagor and Mortgagee wherever u-:sd in
<br />this lnstn.L'l\cnt shall bt'l construed to include heirs, l~gatees,
<br />devisees, executors, administrators, successors and assigns
<br />where the context mav require or permit, and the covenants
<br />dnd agreelnents herei~ contained shall bind and inure to the
<br />benef it. of sa. id ~tortqagor and. ~'1ortgagee and their respective
<br />heirs, 8:X-ec~ltorSt admini.strators, successors and assigns,
<br />and the t.erms Mortgagor and Hortgagee shall include singular
<br />and plural. regardless of qender. This Mortgage and the
<br />nbllgat ions w-hich i t secur~s are assignabl.e by.- Hortgagee (
<br />but not by :.10!ctcpqor. If ilppl icable and if permitted by
<br />Law, ~Iortqdqo!' hen:lby waives and releases any and all rights
<br />and l'emed~es relatinq to homesteads, marshaling of liens and
<br />dssets, n>dempti.ons ,.nd statutes of limitation. Redemption
<br />permitted by law after foreclosure s"1,,, is expressly waived,
<br />if permi tted by law.
<br />
<br />18. Additional Terms:
<br />
<br />If Mort'lagor transfers or attempts to transfer by
<br />any method any of Mortgagor's right, title, claim or interest,
<br />inc luding the r iqht to possession, to anyone wi thout ~1ortqagee IS
<br />prior written consent then ~lortgagee may at !'-1ortqaqee' s
<br />option declare the entire unpa.id balance then owinq hereunder
<br />to l.ie i.:mm,ediately due and pa.yable.
<br />
<br />IN WITNESS ~\!1IEREOF, this instr-uJ.'Uent is executed and
<br />del ivered to Mortg~v~ee by Mortqagor this 31st. day of ~1ay,
<br />1984.
<br />
<br />l
<br />
<br />^'-_.._.-._."'--T..---:.....;...--,~.......~-~....-...~----.~
<br />J.:l,nlCe '!'ha'{t';:o.t, !-1ort;Qaqor
<br />
<br />
<br />~~:-;</_..<::J5;:.-~-~:~___._.., '...
<br />"r~- :r. 'T'haye~>,,/ ,",ortqaqor
<br />
<br />. 4-
<br />
|