HomeMy WebLinkAbout1527 9. Thst it tM priadpal or iatera! on tM aote berein dacribed or uny patt ot tb~ ind~bbdoMS Neotrd ~a
or int~ewt tbe:roa bs notp~?id wheri dae~ or ii l[o f~il ~t~op~r taza, ar~sments. oe
tloa as th~ ~ b~wane dw and_pa~sWe. or it a t.~W m~ide ia tha ~}1~7~i•prompt perlosmanN~ ao~aunt
or~en t bareia ooatained. or it a~r pno~,~eedia~ be idstRn'ted to ~bi~e
~ nui~sno~ oa t6s ][o~ Prasi~
or ii an~ p b~ instltnted wbich mi~ht result to ths detriment oi the use snd o~ment o? ~r~n~, or
ii llor~or is udicated a bankrupt or lnwlveut~ or ii~ 4w sbail be enactod or d~ton r~ad~r~d b) ~
oi lut re~or! imp in~aa~ tax or assasa~eat uot naw in etfect upoa this mortQa~s. or tM nob ~eenr~d . os
an~ inter~st ot lio
~st~a~ in the 1[orts~ed Pewnises. or rendesln= inoperutiw tM nada~rtskinp ~ Y~r whieh r~i~alb
sll taze~ arbin= u a ranlt oi tbi~ tnnsaetioa other than tases on th~ tnt~sest iaoom~ h~rei
in tbe dednetion iroa~ ~rslne oi land, for tsz pnrpae~, oi the anwua! of say lien 6u~eon. or altatut !M li?w~ tor tM
tutns oi mor~a~es or dabt~ ~s~wred thereDy. or ii the Mortga~or. wtthout first obtainint tbs writba eooNn! a~ t~
l[ortia~es. s6al -trunt, bar~sin. aell or oonoe~ the Yortp?g~ Premiaes or W part thereoi. incln~ tiasbr. t~ aa
tbs 1u?ppeni~ ot sW? oas or more oi the~s etienb. this convayanoe shsll becoms ab~olnt~ at~d tM wbob ~ndrb~eda~cs'
aecnred hereb~ shsll immedistely become dne snd pay~bls at the option ot the Yort~a~ee and tbis ~
thereupoa be loreclo~d ior t1~e wAde o! asid moaey. interest and costs, or l[o msy ioreelwe o u£O ~
past dne witlant i~nr~ to this mott~ap or the displacement or impairme~t oi~remniader oi tbe liea tMreo?. aad
at sneh foreclaansa sale the Property shall be sold aubject w sll nmuAing items o~ indebt~e~ and tb~ Y~a~w
ms7 +~ain ioreclws in the same mar~ner as oiten as there be any suan past dae.
10. If at anl time aiter deisalt by l[ort~ra~or a recei~ership may be neceasar~ ~ indebteduers~~6a~eby ~ecard,
to proteet the liea l~ereoi~ or at the tid?e oi or atter the in~titution oi suit to collect tbs
or to foreelws this mostsa~e. Yartasgee shall. ss en ~dmitted equity and u a matter o~ ~trkt t aad r~taid-
leaa oi th~ valne ot the property, or the solvency or insolvency o! Martpg~or or any part~ bonnd~e~ t6~ pqma~t
oi the iadebt~dne~ Lavs the t tio the appointment, on eac parte application ~nd witbont notlee to an7rone. .b~ aa~
proper oonrt ha~in~ f arisdic~n~ ot a recei~er. which receiver ahsll have ~11 of ths braad sad dteeti~e pawes~
a d iunctiona in any wi~e entraated b~ tl~e oonrt to s receiver. to take char~e of~ maaage. presar~e, msintain, ears
fos and proteet ths l[ort~s Preiaises snd to oollat nnts. issues~ procceds, produce, profit, inoome and iwveaue~ a~
tbe 1[ort~ssed Premises i~ro~~w~;tiosrer sonroe d~ived; to make all neceasary or. needinl repaira and ~o pro~Ids fo:
se
tbe l[ort~ased Premise~ aa aet iortA in pa phe 6 and 6 above, and ~o msrket the prodnets thereoi and reoehe
and oeUect the psoceeds thereo! and anch rece ~erahip ahall. at the option of Mortga~es, eontlnne nntll tM idlpa~
ment o! ali snm~ benby ~ecnred. or nntil title to the ldortgaged Premiaea a6all have pa~aed on ai~ nnda s!o~-
dosnr~ a~ this ~no~a~e.
tl~is ~ 8honli t~he
n~ote~ieeared hareby in ahnep par~ticular
rtl~e rt
ights oi
t~he puties to
~n~cb a~ree~newt ~all b~ npaior
to the -r~4
oi the holder oi any intervenin~ lien or encnmbnnce.
18. Witbont afleetin` the liability oi anype
rson (other than any person reles~ed pnnnant hereto) !or paynnent o~
a~y ind~btednw ~ecured hereby ~nd ~rithont ~ffecting tbe lien hereoi upon sny propesty not relea~d parsn~nt b~reto,
Yorts~es ma,~ at any Wne sna irom Nme to time. without notice:
(a) Bdew sny panon 1tsW~ for psymaat oi sny indebtedness secnred har~.
(D) ~ th~ indebtsdnas. or extend the tlme, or a~ses to alter t6e tesms, o[ psymfat a~ an~ o! t1~ itid~bt-
(c) Aocept ~dditlonal ~scnrit~ a~ an~ kind.
(d) $~lea~s any property ~eenrin~_ the indebtedneu.
Con~t to t~ maldn~ ot any ma or plat o! tbs 1[ort~a~ed PremNe~, or th~ awtion a~ an~r ~b
e,
thareen or say oovenants re~ n~s or oocupanry lbereoi. .
. la. If tM indebtednew teenred haeby b now or bereafter fnrtber secnred b~ chattd a~oarlsaps. ybdps~ eon-
tracta o~ tnannh, ents o! leasea, or other ~ecnrities, Mort~a~es may st its optioa ~awta~q au oe mor~
oi ~ a~eeositlas and~isenrity hersnnder. eitber oaucnsrently or ind~peadenW?. and in ~neh ord~ as it may
iL No d~lay b~ Yorl~ag~ee in ezerciaing anY ri~t or remedy hareander~ or otherwis~ atiord~d b~ Lw. aball ~
opaate as a wai~er tbereoi or preclnde !be esercise thereof dnrin~ the o~ntinwna a~ sqr d~fanl! ba+hmda
16. That tbe Yort~aror shsU permit tLe l[ortsagea or its seprwentati~es to e=amitk snd insp~et tb~ premlw
' st aay reason~bk tlmes.
~ T6is sbaU inure to snd bind tbe heirs. legstees, devisea. administrato:s. eseeatae~s~ sdeawott and
i assi~ns ot t~n~ j~ bcreto. Where~er nsed hereiA the sinealar nnmber ahsll inetnde tbe plnral, t6~ plaral tla
{ ~~in~dar. and the nse of sny render shall be app~icabie to sU Qeaden. .
[
Y~ shall be anbrogsted to t6e elaims and liens oi aU partus whwe cLims or liea~ are di~arnd or
paid wiW tbe proeeeds of the losn secnred 6ereby.
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