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A-419 (Rev, 1/59) ~6e #3 0~ 3
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' (a} at its option, to decl~re the entire unpaid bslance of the
indebtedness securPd hereby to be 3mvuediately due and payable;
and
(b) at its option, to pay ar~y stmns due and paysble under any prior
mortgage and charge the sat~e to Mortgagor; and,
(_c) at its option, to e~ter upon and take possession of the premises
and operate the same or collect the rents, issues and profits
therefrom, and applv the same, after deduction of reasonable "
expenses, to the payment of the indebtedness secured hereby; and,
(d) at its option, to foreclose this MortgagP by 3udicial proceeding
or in ar~y mode prescribed by statute.
Shell shall not be required to give notice to Mortg,agor of its exercise of ar~y of ~
the foregoing optionsv Mortgagor hereby Waives all rights to possession of the
premises after az~y such def~e~ult as aYoresaid, and also the benefit of sll valuation,
appraisement, stay and exemption lsws.
8. If a~y proceeding is inatituted to foreclose this Mortg,age, Shell
shall be entitled to the appointment of a receiver for the premises during the
pendency oY such proceedin,g, without re~ard to proof oY insolvency, or coa~nissioa
of vaste or inadequacy of Shell's security, to take posseseion of the premises,
collect the rents, issues and profits therefraa, and app].y the ssme to the payment
' of the indebtedness secured hereby.
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~ a. If a~y proceeding is instituted to Poreclose this Mortgage, Irbrt~agor
! shall pay tc c:~ell a reasonable attorney's ~ee in an amount equal to ten percent
~ (10'~) oY the then unpaid balance oY Mortg~gor's indebtedness secured hereby, and .
all court costs and other expenses incurrecY by Shell in such proceeding; and all
such sums shsll be added to the indebtedness secured hereby and included in ar~y
p decree o: foreclosure.
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10. She1].'s ~+aiver of a~y right or rights accruing to it by reason of a~}r
defaL:t by Mortgagor in the perYorm~nce or observance of a~y of the covenants or ~
conditions o~ this Mortgage shall not be construed to be a Waiver of any other ~
rights accruing to Snell by reason of such default or a Waiver of aqy rights j
accruing to it by reason of any oi.~er deYsult by M~ortgagor in the perfor~nce of ~
the same or any other covenant or condition oY this Mort~ge; nor sha11 Shell's
~ ri ts hereunder be in
gh any ~ay af'fected by ar~y forbearance or caurse of des2ing.
The ir.validity or unenYorceability of a~y particular covenant or condition of this
Mortgage shall not pre~udice or aPPect the validity or er~terceability of this
~ Mortgage or of ar~y other covenant or condition hereot.
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~ 11. Al1 of the covenante and canditions of this Mortg~age shall be ~onstrued
to be covenants running vitb the land, and ahall bind and inure to the beneP3t of ;
~ Mort~gor'a heirs, sdministratora, executors, successors and aeBigas, and Shell's ~
successors and assi~?a.
IH KITNESB ~REOF, Mort~agor hss sigaed and sealed this M~ortg~ge on tbe ~
date firet herein xritten. '
Kl'I'l~FSS~BS :
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