|
<br />
<br />~.osn Rio. ? 105 374
<br />RIDER attached to and
<br />girt of M!}RTGAGE for $8011,000.00, dated October , l9$Q,
<br />By JOHAi A, i~iARRI:~GTO'I, a single person: RDTH E. HARRI23GT~23,
<br />an unremarried widow, S~'E ~ EITZPATRICK A23I] P,UGENE FITZPAT~tICiZ,
<br />wife and husband, D~JRTGAGCSR,
<br />To THE PRt3T3ENTIAL IbIST3RANGS COMPANY t1F r'SPiERI£'.A, a ~@w Jersey
<br />corporation, ~34EtTGAGEE.
<br />Additional Covenants:
<br />Zn the event !'9ortgagar, without the prior written
<br />consent of ~Fortgagee, shall sell or transfer or mortgage or
<br />encvm~r the mortgaged premises, or any part thereof or any
<br />interest therein, whether voluntarily or involuntarily, the
<br />entire bala.~ce of the indebtedness secured hereby shall
<br />become and be ia:merliately due and payable at the option of
<br />Mortgagee; provided, however, that Riortgagor may mortgage nr
<br />encumber the premiss, or any part thereoF ar any interest
<br />therein, ~ataere such rsrrartgag,e or exzekz~nbrasice is granted to an
<br />iz~,stitutio~al lender as collateral security f+~r c:rop productiaa~
<br />andtor fa.rt~t operation loaz~a ~ssad'e :Eor the benefit of the
<br />a,rtgaged' preanises.
<br />I _
<br />,~:
<br />If' Mortgagor or ~'~ny eo--si'~,~ne:r car a~,~uaraxator o.f the Note
<br />srtytr~ti hereby sihall fal',e, or t'h~sre be f%.1ed against any
<br />s:~ch .arty, a rxetiLian in bankruptcy ar insolvency or far
<br />ether similar relief under the bankruptcy laws of the United
<br />Mates ar under any other applicable Federal, state or ether
<br />statute or law, or a roceiver, trustee or liquidator sha11
<br />ha~€ men a:ppainted with respect to such party, then in any
<br />such event ~SCartgagee shall have the right, at its option,
<br />w~:t:~out ~ivin~ prior notice to ~fortgagar and without liability
<br />of any mind urn. Hcirtgagee, tra :3@c;~a:x~e ti~.~: principal of the
<br />Nom I~r@3~ s~:*.~red and` t.:teen outst~ rc:i„~~q to be due and
<br />payable ,~m~ed~atelY~ and ~;pon stac..h «clarzatiol~s that said
<br />interest a,e~ruec€ thereon,, and. t~S~e~tf~~ ;:: with aray a?~her sums.
<br />se~s~re<i th~,;reay, shall t~e~s~ae a~;nd ice, ::Iz~~e, and payable im_
<br />me~aza*~iy, arythu3g in this l~artgage or in saki hate to the
<br />contrary notwithstanding.
<br />Mortgagor hereby waives any ra,ght to require that the
<br />real estate mortgaged hereby be scald as separate tracts er
<br />units in event of foreclosure hereof, hereby authorizing and
<br />Wiring F9ortgauee in such event to sell the mortgaged
<br />pts in one tract or otherwise, at its option, anything
<br />a.n this Mortgage to the contrary notwithstanding_
<br />`~
<br />
|