HomeMy WebLinkAbout1916 . ~
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SCHEDOI.E •A' -
1.~ Ths lisn-hsrsof shall exteAd to and includs the uss, rents
and protits o! said pramises, but the Moactga or shall have the right to
reAain in poss~esion o! ~aid pre~ises and en~ay the use, aad to receive
the rents and profita thereol, without accountinq to ths Mortgaqee thsre-
for, and so lonq as thers shall be Ao default hersunder, provided that in
ths event.of any such default hereunder for a psriod o! thirty ~30) daya,
tha Mortgaqee ahall be entitled to the posaessfon and use of said awrt-
qaqed prem~sea, and to receivs and apply the riet reats and profits thereof,
upon and tovard the payment of the fndebtedness hereby sacured.
2.) In the event there shall be filed a bill to foraclose thi~
deed, the plaintiff shall immedfately and without notice,~be antitled-to
the appointment of a receivar for the ~ortqaqed property and the rents,
earninq$, issues, i.ncome and profits theraof, with the uaual~ pa+er of re-
ceivera ia such ca8ea, and such recefver may be contiaued in posseesion of
said propertp of said rents; earninqa.-isaues, invome a~d profits of said
property durfnq the pendency of such foreclosure suit, and the Mortqaqor
hereby specifically waives the riqht to objact to such appointmeat and con-
senta that such apgofntment shall be made as an admitted equity and as a~--~
matter of absolute riqht to the Mortgaqee, aad without referenae to the
adequacy of inadequacy of the value of the nwrtqaqed property or to the
solvency or inaolvency of the Mortqaqor or any other party defendant to
such suit. "
3.) In the event the awnerahfp of the mortgaqed-_premises, or any ~
part thereof, becaae vested in a pereon other than the mortqaqor, the Mort-
qaqee may, without notice to tlie Mortqaqor, deal with such sucsasor or suc-
cesaors in interest~with reference to this deed and the debt hereby secured,
in the same mnnner as ~ith the Mortqaqor Nithout in any Way vitiatinq or
diecharqinq the Mortqaqors' lfabflity hereunder or upon the debt hereby
secured. No sale of the premises hereby mortqaqed and no forbearance on .
the part of the l~tortgaqee, and no extension of the time for the payment of
the debt secured hereby qiven by the Mortqaqee ahall operate to release,
discharqe, modify, chanqe or affect the oriqinal liability of the Mortgaqor
herein efther in whole ro in-part.
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4.) The lien of this deed secures and shall continue to secure
payment of said indebtedness or indebtednessss, however evidenced, whether
' by said promissory note or aay r~newal br extension thereof or substitute
' therefor, or otherwise, uatil all such indebtedness shall have been fully
~ paid. . . . -
~ 5.) That in the event the premises hereby mortgaqed, or any
part thereof, shall be condemned and taken for public use under the pvwer
of eminent domain, the Mortgaqee, its successors and assigns, shall have
the riqht~to demand .that all damaqes awarded for the taking of or damaqes ~
to said premises shall be pa?id to the Mortgaqee, its succesaors or assiqns,
up to the amount then unpaid on thie mortqaqe and may be applied upon the
payment or payments last payable hereon. ~
6.) The terms "Mortqaqor" and "Mortqagee" whenever used in this
instrument shall include the heirs, personal representatives, successors
and assigns, of the respective parties hereto. Wherever uaed in the sinqu-
lar number shall include the plural and the singular, and the use of any
gender shall include all qenders. " _
The Mortqaqor shall have the riqht to~improve the subject
property in any manner it may see fit and the Mortqaqor agreea that in the
event any mechanfcs liens are filed, such liens will be bonded within thirty
(30) days from the date of the filinq.
The Mortqaqor shall not excavate and remove soil or rock
from the property encumbered hereby and any such removal shall constitute
waste and shall be deemed a defaul~ of this mortqaqe.
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So~185 ~~.9~.7 ~