HomeMy WebLinkAbout2248 G Zb py? aU wd dn~ulae tbe coats. char~es. expea~ss aad attorney's fees reasorably lncurrad oz pafd at any tlaa~
bY the Mortsas+es beCauM ot aq~r befault os W at?~? stlpul~tion. agc+eermeat aad covetu~nt ot the AOte luxl thb Moct~~e~ ae
elther, or in ~r suit or prooeedlr?~ at l~w or in equity to whtch tAe Mortga~ee she~ll be and become a parfy ta reteret~oe
to the Mort~e~or's tntereat ia tt~e premises berein mori~~ed. or in sustsWn~ the 1leA or prloriq? ol tA4 ~dottp~: th~
amoun4 oi W? sucA cott~. clurBes. expenset and fees ahall elso be deemed e c.Aat~e sad fAdeDtedue~s MClterd b~r~b~
ana oear Ince:esc at the sam. s.te .s u~e w~tnctpal inae~cedne~
7. It~ the event oi a default in aay ot tAe oaveaai?4 ot thls Mori~a~e. We Mortga~ee Is expsenl,y slvea the tf~ht~
which msy be exercl~ed at any Wae during the e~tenoe oi ati? default and w loa~ as a dehult shatl e~dat, to talce pas~-
ston ot and 1~old the premisa. wtW os aithout proce~s ot Isw. and ooltect and z+eotttre tbe twttR Laes aM pro!!b
Werctrom. with or wfthout talcing powi.?asfoa ot the premlaes. and to aPP~Y the rent+,~ irsuet aM pronta to tae p~qment
oi expensea. charges and emounb due and payable under the pmvfaiau ot t~e note and thb Mort~~e. Tbe Mort~a~or
asstgns and transten unto tde Mortgagee tAe renta, tuues and pmnts of the premises for tbe puzpore aforepW. The tak-
ing oi posae~eion ot the premises a,nd We coliection oi the rents by the Mortgagee ahall ln no wq? waive the ~t ot the 3
Mortgagee to forecloa~e tNs Moitgage because of a default
Md the Mortgagee me~y. at any time peading a suit upon this Mort~a~e. apply to the Court havln~ iusi~dictlon M ~
sucA sult for the appolutment af a recelver ot ell and stagular Ne premtses and the rents, fawes and pronb thet~eo~ and .
tt?ereupon the Court sball torthwith~ as a stsict matter of rl~ht in the Mort~ee. and wiWout ooaddentlon oi the
value of the mort~aged premlaes as aecnrity for tLe arnounb due tbe ffiortgagee~ or the solven~y ot e~ay persan or peraons :
bound for the psyment o1 auch amounts, and tafthout notlce. appoint a receiver of all such premi~ea with the uswi po~weis i
and dutles including the power to rent tAe premimes and to collect the rental tAereof and thereirom. the t+eweaue derlved `
trom sald premLsea to bs wpplted to tbe Proper chsrBes and expenses attending tAe recetvershlP. taxes and wess~nenb ~
and other charges agelnst and for the proteMloa of tAe premfaes, tde pqyment oi the indebtednas ~ccured he:+eay. or as
the Court may otherwise dtrec~ ;
8. It the premis~a, or any part tl~ereot~ 1s talcea or daau~ged under aay pov?er of emtnent domain or otAer~vl~e. tben
wt,atever moaeys sMll thereDy bccome due the Mortgag~or are hereby a:signed aad sLall be patd to tbe Mortga~ee~ w~
aiter deductU~g all rea~sonaWe costs and exp.n~es w2dch may have been lncunYd by tt !n the oolleMion thsreo~ aball
•PPtY the remainder oi the swns recetved to the psyment sna aatista~itoa oi the it~debtedaas secured hereb~ ta iWl or pro-
tauta Any surpius oi such moneys over ~nd above the amounb necesaary to P4Y ~ i~ill all indebtedness hereby ~ecured
shall be pald to the Mortgagor.
9. The Mortgagee shaU have the right ~t any time and from time to Ume. and wfthout aoUce to or consent ot aAy
person~ to release any portton ot the premises imm Ne llen ot Ws Mortgage and to extend tlie time oi pqyment oi all or
any part of t1?e indebtedneas, without attetting or nleaslns the personal liabWty oi any person 1lable for t1?e pe~yment of
any sum or interest secured herebq and without in anywise ,sltering, v~rying or di~ninishtng the force. etfect or 1lea a[
this Mortgage on atl oi the premtses not speciscall~? released lrom the llen ot thfs Mortgage by the Mo ;
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T6e covenants herein coutafned aMll bind. aad the beaeflts and advaatagea shaii intu+e to. the z+espectfve helra. execu-
torr~ admWsxratora, succe~ors, and as~gas oi tlie parttes hereto. Whenever u.'ed, the singular number sball include tbe
plurai. the plural the aingular, and the uae of any gwder sha11 inciude all Qendera. It 1a intended tbat this Mortgage a~
the note hereby secured ere made with reterence to and shs21 be oon~trued as a F1orMa oontract and ~averned by the
laws thereoi.
IN WTTNFSS WHERDOF, the Mortgagor herefn named has hereunto act his haiW aad ~eal the day and year IIrst
above wrttten.
SiSned. Seated and Deliv~ered _
in the Presence oi:
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