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Home My WebLink About2745 • . . . . . . . IT IS MUTUALLY AGREED THAT: , ~ t~ l. In cose default sholl be made in the poyment of any i~stolment of said note or of inte~est thereon wher~ due or if tt~ere siwli be o f~ollure on the po~t of Mo~t~o~ors to comply with any cavenont, condition +x provision of this mort~oye, tF~en the scid note and the whole i~siebtedness secured by this mo~t~a~e includin~ all poyments for tcxes, cssessme~ts, insuronce p~emiums, liens, tosts, expenses and cttorney's fees herein specified shoil, ot the option of Mortgcgee and without notica to Mo~tqo~ors (such notice being heroby expressly woived), becane due ond collectible at once by foreciosuro or otherwise. 2. /~s furthe~ secu~i for the fuifillm~nt of Mort~o~ors' obli~ottau, Mort~ogors hereby ossign to s INo~ee ail preseni cnd tu~e leases ond hereby gront Mo~t~ogee the right, power ond authority to col- lect cll rents, issues, and profits of the premises, includin~ but not limited to cny oil, gos cnd minerol leoses and cny bonus, rents cndroyo Ities poyable thereunder, and upa~ ony defouit Mo~t~ee is hereby em- po~wered to enter upor~ and toke posseuion of the premises, to let the some, io receive ell ronts, iswes and profits thereof either due or to become due ond to cpply such roceipts in ~ovment of neceswry clw~es ond expenses ond o~ account of scid indebtedness, cnd Mo~t9o~ee's ccts, as cuthorized in this po~roph, shoil not in any vray affect its ri~hts of foreclosure and cppointm~nt of a receive~, or other ~i~hts of enforce- meni, os hereinofter provided. 3. if the note cnd mort~oge ar eithe~ of them sholl be pIcced in the honds of an cttomey for collection or foreclosure, or if Mortgogee voluntarily or invotuntorily becomes or is made a po~ty to arry suit or pro- ceeding relotirg b the premises or to this morigage or soid note, Mortgagors sholl reimburse Mort~gee for its reosorable ottomey's fees, costs ond expense of procu~ing obstrocts or other evidences of title ond . title insuronce in connection therewith. ~ , 4. If cny proceedi~slwll be brought to fo~eclose this mortgoge or to collect the indebtedness hereby secured, Mortgogee sholi entitled os o rrwtter of ~ight, without notice to Mo~tgagors or any person clcim- ing under them and without regard to the odequacy of the security or whether the scme siwll then be occupied by the owner of the equity of redemption cs a hornestead, to the immediate oppointment of o receiver with power b toke possession of the premises, leose the some, collect cll rentols and profits thereof , and hoid cnd apply the receipts as the court moy orde~ for mointenance of the security and on account of soid indebtedness. 5. Mortgogee sholl be subrogoted to the lien of cny or~d all prio~ incumbrcnces, liens or chorges pcid cnd dischorged from the proceeds of the note hereby secured, ond even though soid prior liens hove been re- leos~d of record, the nepoyment of said note shcll be secure~ by such liens on the portions of scid premises offected thereby to the extent of such poyments,~respectively. 6. Whenever by the terms of this instnam~i or of said note Mortgogee is given any option, such option may be exercised when tfie right cccn~e~, or ot any lime thereafter. 7. Ali Mortgagors sholl be jointly and se~cerolly liable. for fulfilimer~t of thei~ cavenonts cnd ogree- ments herein contained, cnd oll provisior~ of tfiis•~nortgope sholi inure to and be binding upon the heirs, executors, cdministrotors, successors, grontees, les3ees ~id cuigns of the porties heneto, respectively. 8. Notwithstanding cnytfiing in this mortgage or tKe note secured hereby to the cor~trary, neither this mortgoge nor said note sMwll be deemed to imQose on the Mortgogors cny obligotion of payment, except to the extent thet the some may be legelly enforceobie; and any pravision to the controry sholl be of no ~orce or effect. 9. My oword of domoges under condemnotion for injury to, or toking of, any part or all of soid property is hereby euigned to Mort ee with outhority to apply or release the moneys received, as ebave ~ pro~vided for insuronc.e loss pr~ocee~s IDp~ ;j,; .r:~:.-;- - - ~ ~ t:l'~ i. ~ ~ . . ~ r~,~ ~ . t$E/1~ . - ' Linea 45, 46, 47 and 48 stricken before euecutioa. • ~ I ' ~l . ~ . ' . 1 ~ ~ _ . - : . ~ . I.r'" _ - ' ' ~ Gf~•.:~ , ~ ~ ~ ; ~ IN WITNBSS WH~tBOF, DBgRFIBLD G80VBS C~ApY bas caused ita corporate .se~t~: to-ba h~ereto affiued and t6ese presents to be executed in its corporate name b,y:`~t.a`;;.,.,.~t``'~` duly authorized officera as of the daq and year firet abrnre vritten. . - D BLD GROYSS OO~~L~NY By: " vQ,a~ ~,c~t_ Attest: I~~t~e Presence of : • ~ ~ ( ~ ~ _ ~ . ~ i a~K 168 ~~27~9 . _ _ _ _ ,h-5..: .SM _ . _ _ _ -"y,_~____