HomeMy WebLinkAbout2464 6. Zb p~y W and sin~u4u the cost~ clu?r~e~, exDe~uss and attorney'a fee~ reasonably Wcurnd ae pald at aqy tlan~
br tAe Mortsaje~ Decau~s ot anpr deiault as to aqy stlpulatlon. ageeement uad cove~ant ot tAe nob wd thb Mott~~e. os
eftAer. or la anp sult or prooeedin~ ~t law or In eQulty W wNch tM Mo'rtQa~ee s4W be and Deeome a parqr 1n retereaa~
to the Mott~~ori lnterest fa ttu premt~ hereln enort~rd, or W awtafnlns tAe Uen or prlosfq? ot Wt ltort~ap: tb~
amoun4 ot auy such easts. clu~r~. exPensat and Less shall abo be deemed a ch~t~e aad ln8ebt~dnea~ Mcured bu~eb~r
and bcar fAterest ac tAe s~ r~te as tM PriactP~llndebtedaea~.
7. In the went at a detault tn any oi tM cawn~ats ot thls Mort~e. the Mort~a~ee b e:D~4 t1~ tbe rl~h~
whlch me~y be exercbed at ae~y time duein~ the e~tsaoe at aay detault aad ao lor?t ss a default sLW e~ to tahe poaer
don of aad hold the prea,lse~, wtt1~ ot witAout pinoe~s ot 4w, and oollect u~d reeetve tbe rent~, Wues and proII4
tl~erttrom. v?IW or alt,hout taking poseadoa ot tl~e pnemises~ and to apply tAe rent~, itsues aad proDts to tb~ ~t
of expenses. chargea and amounts due ~nd payaWe under the provWom at U?e note and thU Mortgaee. Tbe Hort~aQos
asstgns aad tnnsfers unto the Mort~a~ee the rents. tsues .nd ProIIt~ ot the premisee for the puepwe atorea~ld The tak-
ing ot poa~sfon o! the prembes and the collectloo ai th~ renta by the Mortga~e shall in no way walw the slsht ot tM
Mortga~ee to foreclose tNs Mortga~e beause at s detaulL
And tUe MortQ+~ee ma~?. at W t!a?e pendtns • sutt upon Ws Mort~+~e. aPP1Y to the Court 1u~ ittrlsdictbn ot
sucA suii for tbe appolntment oi ~ receives o! W and dn~ular the prem4es and the rents~ issuea and pro~ta thertoi. and
tbereupon the (~ourt sbW fortAwlth. as a stsict matter oi stsht 1n the Mort~ee~ and wfthout oonstderatian of the
value ot tAe mort~a8ed Premisea as secudqr tor the amounts due tt~e MortgsQee~ or tAe soh~en~9 of ~iuY D~rion or per~w~s
Dound Lor the pqyment of such amounta, aad wttl~a~t notic~. aDPofnt a e+eoeiver ot all such premisea wlth the usual poae~_
and dutta lncluding tl~e power to rest the premlaes and to collect the renW Wereoi and t~eretrom. tM ~venye deriv~d
trom ssid premises to De applkd to tUe Proper charSes and expetaea attending the recdvenbiP. ta~tes ~nd aaseasnnenh
aad other charQea s~sinst a~ for the protecttoa ot the pmntses. the payment oi tl~e Indebtedaess ~ec~red herebY. or ~s
the Court m~y oUurwtse dlrect.
8. If We premises. or any Wut t6ereo~ h tal~ea or danu~ged under eny power ot eminent doauia or otheervlse. tlba
wMtever moneys shall thereby becoane due tLe Mortga~or are herebY a~stSned and shall be paid to tAe Mortga~e~. who~
atter dedactueg al! rrasoasble costa and expenses whfcb ~Y have been tncuta~ed by it in the oollection thereo~ tbW
t~o.
Any~usro~f w~ moasecetved to the p~yment aad tatida~tlaa of the lndebtadnwr ~ecured Lerebr fn htll or pro- ~
shall be patd to the Mort~a~or. ~ aver and abov~e the amounts neoeasary W WY !n iull all ladebledne~s hereb~? asrured _
9. The Mortgagee slu~ll bave tie right at any ttme and imm Wne to Ua~e. and without notloe t,o or oonaent ot aqy
Person. W release any portio~n oi tAe premi~es !rom the II~ ot thls Mortgage aM to extend the t~ae ot Qayment ot all ~ ~
any part of Ne indebteduemr„ wfth~t a![ectinY or rNeasins tde peraonal liabWqr oi any per~on IfaWe tor the pqnnent at
any sum or interest secured hereDy end arithout in anyrvise alterin~. varyla~ er dfminlshln8 the foree. etfect or llen a[
Ws Mortgage on all of the preml~es not ~ecincslly relea~cd tr~m the lkn oi thls Mortgage by the Morf~agee.
10. This mortgage is subject to a construction loan agreement of even date.
RECEl~'ED =_o~S . v
D~JE ON. ~{'~g ?N PA"NE~~ Of TAXES
Pl:"S_A;_ ~~^;,~PT:P, r.i tE _ S~ ~i PZ:i~E;iY,
Foc-P ~~,r~: ~ r> ; o: ~s~~.
` A;;. C;e:k G/.L~;t f.ca~t
as Ager, f-r (',",t!I~l N. r,?1C'N~fS, 1R
, St lecie Cou,.t; iax Colkctor
By
~UiY C1ERK
, The carenanta hereW contalaed ahell bind. aOd the beneA4 aed advantagea shall intu+e ta, t6e rapectiv~e bels's. execu-
tor~ adadnlstratosR suoaswrs~ aad aa~igas ot the partla hereta Wheaever used, tbe sin~ular nnmber s~aII iadude tLe
~ Plural. tne pl~ral the singuler. and the use oi anY ~nder shail incinde ari ~enders. It 1s latended that tlils ~ott~e?ge aad
I L~
o~ secure~ are noade witL reterence to ~nd shsll be oonstrned as a F'Iori~t ooatiact aad ~ov~erned by tbs
IN WIIIVFSS VVHEADOF, the Mortgsgor Aerein named hes herennto ~et his hand and ual the day and year nrrt
above rrritten.
SiBned. Seded aad Dettveted ~
in the Pt+esence of:
(SEAI.)
Manuel Szapiro, a single man
csFr~I.~
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BooK1~1 ~~~2464
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