The URL can be used to link to this page

Home My WebLink About2716 . i ~ • ~ . ~ SCHEDtJLE •11` l.) The lisn haseof shall extend to and include the use, rents ar~d profita o~ said premioes, but ths Mortga or shall have ths riqht to remafn in poss~ssion o! said preraises and en~oy the use. and to recsive the rents and profits thereof, without accountinq to fiha Mortqaqss thera- for, and so long as thers shall be ao dsfeult ~ereundar, pr~vided that in the event ot any such dafault hereunder for a period of thirty (30~ days, the Mortqaqes shall be antit].ed~ to ths possassfon and uas of said nwrt- qaqed premiaes, and to receivm and apply the net rents and profits thereaf, upon and toward the payment of the indebtedness hereby secured. 2.) In the event the=e shall be filed a bill to foreclose this deed, the plaintiff shall immediately and ~fthout notice, be entitled to the appoiutment of a receiv~r for the mortgaqed praperty and the rents, earninqs, issues, income rnd profits thereof, with the usual paMer of re- ceivers in such cnses, and ~uch receiver may be continued in possession of said property of said rents, earninqs, issuea, income and profits of said property during_the pendency of such foreclosure suit, and the Mortqaqor hereby specifically waives the riqht to object to such appointraent and con- sents that such appointment shall be made as an adm3.tted equity and as a matter of absolute riqht to the Mortqaqee, and without referenae to the adequacy of inadequacy of the value of the mortgaqed property or to the salvency or fnsolvency of the Mortqaqor or any other party defendant to suctr ~9uit. 3.) ~In~the event the awnership of the mortgaqed premises, or any part thereof, become vested in a person other i~han the mortqaqor, the Mort- gagee may, without notice to the Mortqaqor, deal with such sucessor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner a~ with the Mortqaqor without in any Way vitiatinq or discharqinq the Mortqaqors' liability hereuader or upon the debt hereby secured. No 8ale of the premises hereby mortqaged and no forbearance on the part of the Mortqagee, and no exteasion of the time for the payment of- the debt secured hereby qiven liy the Mortgaqee shall operate to releaee, discharqe, modify, chaaqe or affect the oriqinal liability of the Mortqaqor herein either in whole o= in part. 4.) The lien of this deed secures and shall continue to secure paya?ent of said indebtedness or indebtednesses, hawever evidenced, whethei by said promisscry note or any renewal or exteasion thereof or substitute therefor,~or otherwise, until all such indebtedness shall have bee~ fully paid. . ~ S.) That in the event the premises hereby mortqaged, or any part thereof, shall be-condemned and taken for public use under the pa~er of eminent dotaain, the Mortqagee, ite successors and asaiqns, shall have the- riqht to demaad that all damaqes awarded for the takfng of o= damaqes ~ to said premises shall be pafd to the Mortqaqee, its successors or assigns, _ up to the amount then unpaid on t,tiie mortqage and m$y be applied upon the payment or payments last payable hereon. 6.) The terma "Mortgaqor" and "M~ortqaqee" ~henever used in this ~ instrument shall include the heirs, peraonal representatives, successors and assiqns, of tl~e respective partfes hereto. wherever used in the aingu- lar number shall include the plural and the sinqular, and the use of any qender shall include all qenders. _ . 7.) The Mortqaqor shall have the riqht to improve the subject property in any manner it may see fit and the Mortqaqor aqrees that in the event any mechanics liens are filed, such lfens will.be bonded within thirty~ ( 30 ) days f rom the date of the f llinq . The Mortqaqor ahall not excavate and remove eoil or rock fro~ the property encumbered hereby and any such remaval shaI2 constitute waste and shall be deemed a default of this mortgaqe. So~185 ~~.917' s~185 ~~~719 - a. _ ~ ~ _ _ _