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HomeMy WebLinkAbout0912 ' . • . , . . • ' r ~nd any other aume which the Mortgagee ie authorized to deduct under thia Mortgage. SBCTION 2.03. (a~ In case an Svent of IIefault described in clause (a) of 3ection~2.01 ehall hsve h~ppened and be continuing~ then, upon ~rltten demand of the lfortgagee, the l~ortgagor xill pay to the Mortgagee the whnle amount xhich then shsll h~ave become due and p~ble on the~ l~ote, for prin- cipal or interest or both, ss the case may be, and after the hsppening of said Bvent o~ Default Mill slso p~ to the ~rt- gsgee intereat at the Involuntary Rate,on the then unpsid principal of the Note, and the sums required to be paid by the M,ortgagor pursuant to a~y provision oY this l~rtgage, and in addition thereto such ~'urther amount as shall be sutficient to cover the costB and expenses of collection, including reason- able comperssstion to the M+ortgagee, its agents, and counsel and - ~ ~ ~ a~y e~cpensee incurred by the Mortgagee hereunder. In the event { i ~I the M~ortgagor shall fail forth~ith to pay such amou~ts upon such demand, the Mortgagee shall be entitled and empowered to inati- tute such action or proceedings at law or in equity as may be ; ~ advised by ita covnsel for the collection of the sums so due ; and unpaid, and may prosecute an`y such action or proceeding to ~ . ~ 3udBnent or f inal decree, and may enforce a~y such ~udg~nent or ~ final decree againat the Mortgagor arid collect, out of the prop- erty of the Mortgsgor wherever situated, as xell as out of the ~+~ortgaged Property, in ar~y mariner provided by lax, moneyB ad- ~udged or decreed to be payable. (b) The Mortgagee sha~'_ be er~titled to recover ~udgment as af'oressid either before or after or during the pendency of aay proceedings for the enforcemerit of the provi- sions of thia Mortgage; and the right of the t~ortgsgee to recover such ~udg~nent shsll not be e?fPected by ar~y e~try or sale hereunder, or by the exercise of an~y other right, po~rer or remedy for the enforcement of the provisions o! thie lfortgage, I~~ aooxi74 P~ ~