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HomeMy WebLinkAbout0927 - ~ , r ~ ,r - 6. 1b p~ry all rad ~ln~ular the oosta, c1u?r*e~, eacpema~ and attarney's fear x~w,nabl~r incunrM or p~id at a~y ttm~s . by tlie I~tort~w b~a~u~r o!' aq~' dehult ~s W any stlpalatlon, aQre~ent aad covet~nt ot tl~e note ~ad tLLr li[orti~+r. a' eltber, or ln atp sutt or proosedlns at law or in eqWty to whlch the Mort~a~ee shall be and beconne a parf~r In r~fexraoe to the Mortp~ors ln~trsst in the premLes Mrein ~wrtss~l, or W astainlns the llea or pslorlt~ c~ tAls ~[oet~~e; tM amounts ot such eats. t~*~as. e:penses aad fees al~Il abo !fe deemed a char~e md lt~abte~err Mctterd Mrbq and beur lnter~st ~t tLe sRer~ rute ~s tl~e prlndp~l lnd~btedneu. 7. Iu tbs ewAt o[ ~ 8~laulL In any a~ fl~e cov~nanq ot tNs l[ort~a~~ tde ~[o~'tt~~ee r e~cprew~+ ~lv~n the cf~l?t, wWch m~y ~e exarclNd ~t ~ t~me durln~ the ad~Ce ot ~e1Y default and w lon~ as a detault thall ~ to hke poye~- slon of add bald the pramisea, wrlU? or witl~out prxar ed Lw, and collect and reoelve tlre r~.~ts~ Lnw~r an~! px~atlb thtret~vm. alth or M?ithatt takin~ pnrro~don ~ the prendres, and W app~ the ~nts. l~ue~ aM ptoats Y4 tbe p~nent ot expensea. char~ea and amounts dne and pa~+aWe un8er tl~e provWau o! the note ~nd tWt l[ost~a~e. '!be ~[ottra~vr wdgns ~wd tnmde~ss unto tLe l[ortsasea the renb. i~ues ~nd pmnts oi tDe premfa~s tor the p~upo~e afocea~ld. Tl~e tak- tn= 01 po~rcrdaa oi tl~e pra~onl~es ~nd Ne callectfaa a~ the rents by the Mo~~t~ec rbW ia no w~y watve the rlsht oi tbe Mart;a~ee W foreclo~e tlils Mortgage bacawe of a dehult And U?e Morts~ee maY. at any ttme peidln~ a ault upon t,hM Mort~e. nPP1Y to the Court havtn~ ~urladictbn oi such su!t for tbe appdntraeAt oi a reoNver oi all and ain~ular the prembes and the rents, l~uea and pronts thenwf. Rnd tbertupon the Caurt tDW fortt~wfth, a~s a stslet mattrr o! ri~ht in the Mort~~ee. aad witbout ca~tderatio~a of the value ot the mort~ed premisa as securiq+ for tt,e amaurb due the Mort~a~ee, or the solvency ot any pessoa ar pezsons bnund !or tDe paY~nt ot such iunounL, ~nd withottt ndice. +~PP~t s reoefver of RIl rucA pre~nfse~ wrftli tbe usual powrt~ and dutlta includln~ the po~w~er to reni the prtml~es and to coUect the rental thereof atid t6erefro~m. th~ reveaue derived lram said prCmisea to ba ~ppl[ed to tlw pmper chargea ~?nd expenaes attending the recelverahip, taxea tud ~useampib and other char~es a~ainst uW for the protection of the pnmbes, the paytnrdi of the lndebtedness secured bereby, or es the Court ayy otherwiss direc~ 8 If the premiaes, or aay part thereot, b ts)cen or dame~gM under any power o! emineat domain or otherwise. then wlu~Uever moaeys sdall thereby becwa~ due tba Mortp~r are herrbq aai,4ned and s1u11 be pald to the Mort~~~e„ who, after deductin~ all reasooable cosb and pcpenNS whlch m~y have been tncurnd by !t tn the collectioa thereoi. shall app~ tlse rtmainder ai t6a sums t~ecelved to t~~e psyment ~u?d satis[~cttai of tl~e in~debtedneas ~ecurM hereby !n full or pro- tanto. Any surplus oi such moneys aver u~d abov~e the amounts neceasary to p~y in iull all indebtedaear hexeby secu~d shall be pata to the Mortpgo:. 9. The Mortgagce shall have the right at any tlme and from time to time, and wfthout notice W or conseut oi any person, to releeiae anq portlon n1 the prtmi~es !rom the llen af thb Mort~a~e u~d to eutend the tlme of payinent of all or any part oi the indebtadne~s. withont a!lectin~ or releaalag the personal l~ability of any peraon lia,ble !or th~ paymeet of eny sura or intereat ~ecwred herrby and wfUwut 1ts anywise tlteiing, vRryin~ or diminishing the tarce, ettect ar Uen oi this Mortgage on all of t~e premfsea not specincelly released from the lien o1 thia Mortga~e by the Mort~a~ee. The cavenants herein contalned shall bt~d, and the baienta and sdvantages shall laure W, the respective hefrs, eacecu- tors. adnninistrators, suooe~rort„ ax~d a~igna oi We p~rties hereto. WRenever used, the singular number shW include t2~e plural. tbe plural the aln;ular. and We w~e of any ~ender ahall lnciude all grnden. It ia intended that thls Mortga~e snd the note herebr secared are made with reference to and ahall be construed as a F7oiids coatract and Yover~d by the la~vs thereo~. IN VVITNF58 WHERFAP', thc Mortg~or herein named tus hereunto set hb hss~d and seal the dq and year ~st above vvritten. SiYned, S~aled aad Delivered !n the Pneselice ul: ' , / . .......•••............._......_...._..__._.._...(SEAL) Ra . tell r ~ . . - . ....~"J..-..~ tB~I.> ; \ ~ 8uth G. Purtell ~ - ~ J ._...._....---~--~--~---............................._.........-----------~------....._......ts~?i..~ ~ ~ . ~ . . cs~.~ ~ ~ ~~0 J~~ ~G~~K. ~ ~ ~ ~f_