HomeMy WebLinkAbout0510 - 3 -
~,^,a21 becon~ efiective immediately upon the ~appenin~ of an~ such default,
as deter~ined in tr.e sole ~iscretion of the rlortgagee, who shall give
;;~tice of such determinstion to the r:ort~agor; an d in the case of fore-
;~osure and the appointme~t of a receiver of the rents, t~e within cov-
~r.ant ehall inure ta the ~enefit of such receiver.
14. The rlortga6ee in any action to foreclose this ~:ortgage shall
~e entitled to the appointment of a receiver without notice, as a matter
~f rig?~,t and ~.~itho~t regard to the value of the mortgaged property, or ~
~he solvency or insolvency of the Mortgagor or o~her party liable for
~%~e payment of the~Note and other indebtedness secured by this Mortgage.
15, mhe ~:ortgagor, within ten (10) days upon request in person or
•.;i~hin twenty (20) days upon request by mail, will furnish promptly a
•::ritten stateme:~t in form satisfactory to the Mortgagee, signed by the
::~~~gagor ana duly ackn~wiedged, of the amount then owing on the Note and
:,;,her indebtedr.ess secured by this ~Iortgage, and whether any offsets or
.7 -0~v.c.~c. o~/ : e.d- .~rr~i v~u v ut.ivh ~r~~inh±nrinaQQ !11^ aYlv nart thPreof .
4G1Gl~Jl..U VIf1U V C4btA+ ~'J C~'~
1b. Tne ::ortgagor wi21 give inaediate notice by ragistered ox
;.ertifie3 rcail to the riortgagee o~ any fire, da~age or other casualty
a~iecting tne mortgaged property, or ~f any conveyance, transfer or change
:r. awnership of such property, or any part thereof.
17. \~otice and de~iand or request may be made in writing and may be
served in person or by mail. ~
18. :.n case oi a fareclosure sale of the mortgaged property it may
sold in one parcel.
19. The ~:ortgag~r ~aili not assign the rents, if any, in whole or in
~art, ~ra~ t:~e mortgaged property, or any part thereof, withoUt the prior
•,.•r ' tten consen ~ of the Mortgagee . •
{ 20. ~::e ~:ortgagor is 1-3Wf~ lIy seized of tr~e mortgaged property and
~:~s gocd ribht, full power and lawful authority to sell and convey the
~~~e in ~:.e ~anner above pr~vided, and will warrant and defend the same
t'ne ~iortoagee forever against the lawful clai~s and demands of any
~:d all par~ies whatsoever.
2i. The :Y:or+gagor hereby waives the benefit oi all ho~e~tead-exem~-
- - _
_ -
--ons as ;.c the aebt secured by this i~ortgage and as to any expenditure
_`:;r insurance, taxes, levies, assessments, dues or charges incurred by
~::e ~~aoee pursuar.t to any provision of this Mortgage.
~ ~c~s ~:~r~~~~e ar~3 a,l ~ne covenants, 2gree~ents, terns and condi-
~ -:~r.s ~e~c~r ~~::~a~::ec s~,ail be binding upon and inure to t~e bene~it of
~ _ .
~ -..e ~~~~~r arc t:~e ~-;ei~s, i852~ re~resentatives and ass~gr.s oi i:he
._;~~Ca~~~, c'.'lC~ ~Y:2 e~ter.t ~ermitted by la~r, @VE~y subsequent OW27e~ 02
_~.e :~a; : r~~er~~ , and sr,a~~ be oinding upon and incare to t'r:e :~enefit
- e:~::.~_ ~Va~ee and ~ts ass:~ns. If the ~:o~tga~or, as deiinec Y;erein,
~<<~:: ~r Wore ~arties, this Mortga~e s~all constitute a grant
_:4 ~~..J~ ~~a~e a~~. of tr,~w ;ointly and severally, and they shall be obli- ;
~
1.~1~ J~~~' N~a;~ ar.d several~y under all the provisions hereof and under tY:~
~e . :e :r~rC ".rortoagee" s~all include any person, corporation or other
a~o~187 ~ 510 -