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ment or composition or extension or any other relief under or pur-
suant to the Federal Bankruptcy Act or any other similar statute
now or hereafter in effect, or shall be adjudicated bankrupt or
insolvent or any of his property shall have been sequestered and
such decree shall have continued undischarged and unstayed for
ninety days after the entry thereof, the entire indebtedness here-
by secured, including all payments for taxes, asses~nents, insur-
ance premiums, liens, attorney's fees and expenses here in speci-
fied, shall at the option of the mortgagees, and without notice
to the mortgagor, be due and collectible at once by foreclosure
or otherwise; and, except as to property where such provisions is
prohibited by law, upon com~nencement of any foreclosure or at any
time thereafter the mortgagees, as a matter of right, without con-
sideration of the value of the premises, or whether the property
is probably insufficient to discharge the mortgage deb t or is in
danger of being lost or removed or in~ured, and irrespective of
the solvency or insolvency of the mortgagor or the then owner of
said premises, and wi.thout notice Co the mortgagor or any person
claiming under him, shall be entitled at once to the appointment
of a receiver for said premises, to collect the rents, issues and
profits therefrom during the pendency of such foreclosure, and th
proceeds of said receivership shall be applied by said receiver t
ward the pa ym~ent of the indebtedness secured by this mortgage, or
toward the pay~ent of such part of the 3 udgment rendered thereon
as may remain unsatisfied after the sale of said premises, or to
repay to the mortgagees any advancements which said mortgagees ma
make after the com~nence9ment of foreclosure action for taxes, asse -
ments, insurance and other charges as he rein provided, togett~er h
interest thereon at the same rate as specified in said note secure
hereby on the principal thereof after default and maturity, and
from the proceeds of said receivership said receiver may make nec =
sary repairs and keep said premises in proper condition and repai
pending such sale, and pay all taxes and assessments accrued or
accruing or redeem from sales therefor and pay insurance premiums
necessary to keep said premises insured in accordance with the
provisions of this~mortgage, and pay other proper charges as here-
in provided, and pay the expense of the receivership.
; ~1IRTEENTH: In case this mortgage be foreclosed by a suit i
~ equity and the mortgaged premises be sold to satisfy a decree of
~ foreclosure, the proceeds of such sale shall be applied.as follows
~ First, ta the expenses incurred hereunder; second, to the reasonab e
attorney's fee for such services as may be necessary for the col-
~ lection of said indebtedness and the foreclosure of this mortgage;
~ third, to the payment of whatever sum or sums the mortgagees may
~ have paid or become_liable to pay in carrying out the terms and
stipulations of this mortgage, together with interest thereon;
and finally to the payment and satis~action of said note. 1he
balance, if any, shall, unless the Court decrees otherwise, be
paid into the registry of the Court having jurisdiction of said
foreclosure suit, to abide the further order of said Court. In th
~ event a foreclosure suit results in the sale of the property here-
in involved and said sale does not produce sufficient revenues to
~ pay autstanding debts evidenced hereby, the endorsers and guaran-
tors individually and collectively of the note herein involved, do
` hereby covenant and agree to pay any deficiency resulting from
~
~ said sale, provided said default has taken place prior to January
~ 15, 1974. Provided, how~ever, that the guarantee shall be limited
~ to the interest and principal due to be paid through J anuary 15,
~ 1974, according to the terms on the face of the note herein involv d
~ in the total amount of $280,436.56.
~ FOURTEENTN: That the mort a or is lawfully seized of said
S S
~ CHARLES E. BECHT pr~ises in fee simple and has good right and lawful authority to
~T*onh[r n ~~w
s. WGE COVMTY sell and convey the same, that the same are free from encumbrances
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