HomeMy WebLinkAbout2386
tt~i '44 iliA 314
, ;'. , ~~~ t : I ~ ~ f, f ~ ",
it sh~ll not be tUtCtlitlllAry or n'Hlui'lt\') that the Mort.
g&jee ehall thi.!it p~y th(! llAme.
l.. The Hen ho~~of .hl:lll oxtell'ld to If.ud lndlJ.d~ the
U'0, nmtll .it\.d profUI of .aid mortl8.ied pr-,;pt:rty. hut
the MQrt8~gQr .hall hAve the ri~ht to nun..tn in POII"U.
.lon. enjoy the "U~' and to r~CCllve the TfHltA AntS pr~iH.
thcr(l<.>(, w\thou~ l\c!:O\mtloS to the MortS-i." thofl=tor.
.0 10ni a, thCln~ aha.H be no dflfauH heroundor. providt!lr.\
thAt in the ev~n! of. any tuch d<e!ault 1'I'flr"und~r holT a. period
of 15 day.. the MortiAg$@ .hall be entitled to the po..u-
3100 and ;.lIt' of said rnoI'Llalied prOf-f)rty. and to receivCl
and apply tho net rentill And 1;.r'o~H8 thereof, Upol\ lint!
tow,u& the payment o( eh", indebtednc.~ htlr~by l!Iecured,
3. In the ~vent then, ,hall be hled A bill to foredoul
thi. deed, the plAintlf! .hall \tl)fl\tli:Hate 1)' and without
notice be entitied to the ilppointment of l\ receiver tor
the nlCflSaged pi'op~rry and the u~nt$. tI<l~ulni" l.tuClll,
lncome a.nd proHt, th~.reo!, with tht< ufiual po'ReT of
l'<<H:eiverlt tn /Such ea.e., and .wch receiver m,~y bt!
continued in PQuHHifjlon of 3<&id property and of ,Aid umt,.
eAt"nlHill, ill"U~8. income and proHh oi lt~ld property
during the pendency of .uch fo{"@dofut'e 'UHi and tht'!
Mortaagor hereby epeCHl!:aUy Vraivoe thtl r1jtht to obje>d
to 3uch appointrnf}nt and content. that aue}) Appointment
"hall be mM10 "'\it an admHted equity ~nd ao a tn~tter of
.h.olute dght to the MOl'tgage<s. and ~ HhQut reiert;ncl!! to
the adequacy or inAde~iuacy 01 the valU0 of the mortgaged
property or to the .olvency or lnsoiv(ll\cy of ~hl) MOft8aio~
or Any other paTty defendAnt to .uch limit.
4, In the 6Vt>nt the OWlic~Gh\p Qf th~ mortgaged prop~rty.
or any part tiHHeo{. bccornce ViHited in a perlon other th;th
the.; MQrtgagor, thC'l M.O:rtg^S8e may, without notice to the
MortgAgor, deal with 5uch auccea.ol' or 4lUCCC;UHH" in
intertil!it ....hh T<f1fenmc;e to thi. d~ed And the dobt her-cby
oecur(jd. in the I~tnfj m&nUtH" as with the: MOltgi.\ilOl" wHhont
h\ any way vlHaUna Of' diecha'itng the MQ:'tg"iot~1 liability
her.,\}nd~J' or upon the debt her~by stH.:ut'ed, No sAle of
th@ prop.,rty h6J'oby mcrtgageH1 and rig !orbf$ar~nce on th~ p&rt
of th~ MOttg3g~.. lAnd f\..o ~.ttH..l.OH of th4 th'ne lor the p.1-ymetit
of ~h4) dfibt h~n:eby ij!H:ur~d glVa'ln hy th@ MCf'tj&geo ohaU
Op$tAtoc to ralei\~t'i, dhu::Mt'@}~. rnodify. ch~nge Of' It!ii}ct
the OrigitHl! liability of ~h$ MOflll~ior hOr4iitn ~ahl)r \n whole
or in p~rt.
5. The HiHI of t.~\, d"rod fH;{;U~~. ~nd fihaH conHnui!l h,)
aeC'\.\f;f; pll.yrnent ox ~*td \ndtlbt~Q;'H'~~" or \ndoMedtUHHHU;
hO'*_,W61" i'vhl$uCtlo; Wh.~l-~T h}' a;.ihi pHn:nilSliQty nr.~ts or _-ny
ps-
.o:~-"""" ..&.i~,i2IiI_ ~ .".i..L_~