Loading...
HomeMy WebLinkAbout2342 ~~.. '~__"'C:-".:.r.......:a.;:;"..~.~. ........ ..,;; "l>>;' ...::...,.;....:' .J(..... i~t 48 ~241 \ 1. t Utif L':; irj T!, c ~ ~. (a) 1tle MortpC.. _1 i by not.1ce in .1"1 t1n& to tM CoIBpI..nY, ~cla.A the Nlt1Joe unpaid balance or the Note. to be ~d1.te11 &Ie an4 payable; It.I:l4 thereupon all such unpaid b&lanoe, tocether nth all .oaNed 1ntereat thereon n.hall be and beQOae a.e<l1&tely ~ and pGJ8.bl.J (b) subJeot &1-'78 to the then ex18t1n<< rights ~ if ~~, or the tA.... under the Lea.e, t.~ Mortp.s" pereonally or bl a6ents or attorneys, shall haft the right ($ubjeot to 0QmpJ.1ance with &r.7 applicable -.ndatorr lep.l requ.i.relDent8 ) to take 1..DtHliate posaeaelon or the 11k:!rtpged property, or- ar..y portion thereof I and tor tha t purpose may purau" th.., same wherever 1t _, be round, and -'1 enter ar.y of the pren-.1S6B of the Company, v1th or without not1cei deand, proce8~ of law or legal prooedure, and eearo..'1 tor I take poeltfH,s1on of 1 reDIJve, keep and store the same, or U$f! and opere.te the ~ until 5<..'11<1; it be1n& understood} w1t.'1out l1.m1t1.n,g the f'l,')'t"e- going, t.."ult the JIIortp&ee -1, and 16 hereby g.iven the Fight and authority to. k8ep a,nd ato~ aaid S)rtgaged prop<<rty, or any part thereof, on th$ prem18.,n of the Company i and that the Mortgagee 8ha.ll not tt-.ereby be deemed t.o have aurrende1""ed, or to have failed t.() ta1ce I poDs8ss1on of 5UCt! mortgaged pro- pe:pty; (0) Subject alwayn to the then existing rlghtB, if any, of the Lesaec under the Leaee J the Mortgagee Tl'JAY J if at the time ~uoh a~tlon may be lawful and alwaya subject to complianco with any mandatory legal rt\(fl.l...tre:ments, either- with or without taking p.J~8efH~lon 8.&"1d 61 theX' before 02'" after takir..g poneesB1on J and without instituting any legal proceedlr.ga whatsoever, and having first given notice or 8uch sale by reglateI'ed mail to the Company onoe at leaat 10 dajn prior to the date of such Dale, and any ether notioe which may be required by law, sell am! cL1ap<)e6 of said mortgaged property, or any ;:>3rt thereof, at public auction to th~ higheat bidder, in one lot ae an entirety or 1n tH~l,)ilrtlte lotl!l, p....nd e1 ther for cash or on credl t and on such teme &5 the MJ.:)rtgagee may determine I and at any place (wnether or not it be the location of tile mortgaged pt'Operty 01' any part ttle~Or) des1gr..a ted in the notioe above referred to. Any auoh aa16 Of' sales may fJe adjoul'ned from t1rr~ to tiroo by ann()\mcem~mt at the time and place appointed fo!' aueh sale or eales, or for any euch 5<ljoumed sale or salce! without further published notioe; and the Mortgagee OX' t.he holder Of~ holders ot the Notes, or of any 1Titer.eBt th<H"'e1rI9 may bid and become the pUrOhEH\EH' at any Bueh Bale; (d) The t~:H.tga?,f'!C roo~! pr-oc.HH'H1 to proteot and enforce the Or1.g1,nal Mor.tgageB; a5 fluy.-plr::mented# and naid Notea by suit or f'Juita or proceedings In eq\i1ty 1 at law or in oankJ:"\.\ptcy, and ",,'t~~ther for the npec1t':1 c perfom.anee of any cOV6P.!1nt or ag~~ment h~H~eln oont.ainea or.' in t"~JCec~tlon or ai{1 or !\ny' power her-ell) gra.Jit-~dj or fer toreoloBul"e hereunder, OJ' for the appvinttr~nt of 6.!'€cel vel" Of' r-eoei verB fo!' the rnortg..ttged p:r'\IIif:.i'ty 01' any v,nrt ther'i:.wf. or for the reOO\ffHoy of judgroont for t,h~ indtlbto&l~l.Hl hereby fi~c\.n"'ada or for the enfor-cement of any other vro~r .1f}gal Qr equ;tta.ble f'(tnltHiy available under f.J.p-pllea.ble J.ti~; -5...