80001092 - Laserfiche WebLink

Browse

r- 7. 6ondetnnai:ion. In the eventthe $operty, or any part thereof, shat] be taken by eminent domain, the Mortgagee - iseatpowered to collectand receive all compensation which may be paid for any property taken or for damages to property not taken, and Mortgagee shalt apply such compensation, at its option, either to a reduction of the indebtedness secured hereby ar ter xepair and restore the property so damaged. g. Pe[forrnsnce by Mortgagee. Mortgagee may, but sha4 have no obligation, to do any act which the Mortgagor , has agreed bui fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor agrees to mpajr, uprur demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended i:y iLe Mortgagee shat! be ade~d to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee stiaIl not intytr any pesooal liability because of attything it may do yr omit to do hereunder. 4. I)afant~ A:~aar~tt of Rents. Time is of the essence hereof, asd upon Mortgagor's default in any covenant of agteemento# this Mortgage, iadur&ttg covenants to pay when due the sums secured bg this Mortgage, the Mortgagee shalt 6e entitled, at its sole option snd vritharrt notice, to declare art sums secured by this Mortgage to be immediately due aad payable sad-may commence foreclosure of this Mortgage by judicial proceedings: and, provided further, that upon such debtult rite Mortgagee, ox a receiver appointed by a court, may at its option and tvithouL regard to the adequacy of the srcrHity, eAter yypaas cad ta$e po~ession of the Property and collect the teats, issues and profile then&om and apply them fist to the east of collection and operatioA of the Propem and then upon the indebtedness secured by this Mortgagee; saki reatx, isurec and pro5ts being assigned to the Mortgagee as further security for the payment of the indebtedness aecared betehy_ 18. 'iYande[ of P[o~peMy. #f all or any part of the Prapem ~ sdd or t~aasferred without the express written rnn- aeot of the Maw, Afort may at its sok option, declare all sums secured by this Mortgage to be immediately due send payable. 2L F~txe Advacas, t;pon request of Mortgagor, Mortgagee may make additional and ttrture advances to . advances, with interest thereon, shaft be secured by this Mortgage when evidenced by promissory antes siatiaj tls~ said sates are sa^ared hereby. 1t no time shall the priArRpal amount of floe indebtedness scarred by this 1, not i~ludmg sums advasmd to pmtect the set~rrity of this Marsgage, exceed the original Note. 23. liiaeatisaeaas Provisions tal Any farebeacanee iA exerc'sing any right or remedy stall not be a waiver thereof. ibl Ai! reax~ies provided hernia are distinct and cumulative to any other right afforded by taw or equity, and may ix esmised ;:osv^urrentty, independentiv or suetxsively. {c) '#!re eovenartts and agxeemeats cootained herein shall bind and the rights inure ta, the respective s>trs nerd assigtss of the Mortgagor and the Mortgagee. ldl 1tt t+nsenants sad agreements of the Mortgagor are joist sad secenl. (el ~p laeadmg Of Lbe paagrapbs of this Aioxt~ge are for t~rt'erreeAce Daly anti shall Aot ire ns4d to ipte[- paet o[ de4me dre p[onaroas Ae[eof_ 7b Igdeua. LTQaa payment of aU sums secured by ibis !dongag:, Mortgagee shall discharge this Mortgage and ~ exacsane and deliver a srtisfa[t~ release therefor. tN ~ gfllfiitfQF, line execurtd this Mortgage oa the 7111 nay of ~'~ . is ~ fGan' A2~Fi~ch "~ n~•v gtatr eoi Hall f3arrnty ss_ '`. 4 .. ~~, i.f ': . - - - ~ - _ Uj - - ~ ~ ' '$T- ~r Y i C* ~ _ Lt; i 'e `m N zrt +" fix. ~ C_ 3 ~ 4. ~. _:. £ ys V ~~ pa ~ 7L~ d~ of 11a2C33 ig80 . brforn nrn, the uadetsipred, a i`lotary Public ~aa~wrdaaddioraid«-+merr,t>raroaaltycme GAR4 A. FI3ffi. A Sitl~le Mao to me traown to !>e the itam0ieail pemoq{a) vrhsae smee#at arm aa5agitred to 39e g iasrraarent asd acltnowlydged the execution thereat