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l. If Morth~~gor shall d~faul~ in the pr.ompt payment,
performance or fulfillment of any of the Mor~gage Obligationa, or
if Mortgagor shall ce~se doing bueinees, or shall become inaolvent,
or make an aesignment for the benefit of'creditors, or if bank-
ruptcy proceedinga or proceedinge for arrangemAnt or reorganixa-
tio~ or a receiver, trustee, liquidator. or custodian for Mortgagor
or any of Mortgagor'e property ehall be comniehced by or againat
Mortgagor, or if Mortgagor ahall fail punctually and faithfully to
' fulfill, observe or perform any of the terme, conditione, promisea,
covenants. provisione a~ci warranties contaih~d in this Mortgaqe or
in any past, preaent or future agreement or instrument between
Mortgagor and Mortgagee, or if Mortqagee at any time deeme the
security afforded by thie Mortgage uneafe, inadequate or at any
riak~ then in ahy such event all Mortgage Obligations shall at .
once, at the option of Mortgagee, become immediately due and payable
without notice to Mortqaqor, and it shall ~e lawful for Mortgagee
~ to take posaesaion of the Mortgaged Property at any time, wherever
it may be~ and, tv the extent permitted by law~ to enter any of the
premises, of Mortgagor with or without process of law, and search ~
foz,take possession of, remove, or keep and store the eame in said
Fretnisesi s~ithout char~e for stc~*_-age Qf th~ MQ~tgag~~ ~sQge~t~:
until solds and/or to foreclose this Mortgage, and/or sell the
Mortgaged Property or any part thereof a~ public or private s~le,
without notice or advertisement~ (except as may be required by law,
such notice or advertisement in the abaence of such requirement by
law being expressly waived by Mortgagor), for cash or on credit, and
on such terms as Mortgagee may in its sole discrction elect; Mortgaqee
may bid or become the purchaseX a~ any auch ~a1e and Mortgagor waivee
any and all rights of redemption from any such sale. The proceede
of any sale shall be applied first to pay all costs, expenees and ~
charges for pursuing, searching, taking, removinq, keeping, ad-
vertising and eelling the Mortga4ed Property, fncluding reasonable
attorneys' fees, and ~ second to the payment, partly or entirely, of •
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any oi LII~ 'rivi iyayc V1J11yt~t,lVtt.`f na 'rivi ~ynycG u~aY avsc ..~o-
cretion elect, returning the overplus, if any, to Mortgagor, who
~hall remain liable to Mortgagee for any deficiency, and Mortgaqor ;
;
hereby irrevocably consents to the appointment of a receiver for the
Mortgaged Property and/or all other property of Mortgagor, and of the ~
:
rents, issues and profita thereof; and euch receivership may continue _
after such sale until such deficiency is satisfied in full.
e. Mortgagee may.also, at any time, with or without exer- ~
cising any of the rights or remedies aforesaid and without prior i
notice or demand to Mortgaqor, appropriate and apply toward the ~
payment of the Mortgage Obligationa any and all balancea, sums, _
property, credita, deposits, accounta, reserves, collections, drafts, ~
notes or checks coming into Mortgagee's hands and belonging or i
owing to Mortgagor, and for such purposes, endorse the name of Mort- '
qagor on any such instrument made payable to Mortgagor for depoait, ;
~ discount or collection. Such applications may be made or any monies ~
' paid_to Mortgagee may be applied, without notice to Mortgagor, partly
or entirely to any of the Mortgage.Obliqations as Mortgagee i~ its
$ole discrQtion may elect. , . +
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9. If, after default by Mvrtgagor in the payment, per- i
formance or ~u~lfillment of any of the Mortgage Obligatione, Mortgaqee ;
faile to demand full payment, performance or fulfillment or other- ;
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