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HomeMy WebLinkAbout2410 . . , . . . . . 5 : ~11 t-_ t- L l) I L _ l~ ? ~ . ~ ; - ; . ~ - ~ 1;- j . . _ , . ~r~tl~~'1~~111';:~i DOCIiAI:_N~fc~',' ``-SIr_Mi~--i.lx af~lP ~~'~"~-~t ~a/ irt~~~ ~,A~ .J:-i~ ~~`A~11~'~, J~"~ ~ ~t , : ~ ` v ~s = artrm~~~~~``~`~~ _ - - _ - - -~.:~`-`_1 ~ ~ CO~:PTROIIER 9900~' 99O~Q~ 9900_~ ~9900= ~9900~ ~900~~ ~ ` - _ - 9 - rn P6. i9J139 ~a ~q~rr - _ _ ~ ~ 9 O O'_ - . 1,` ~ zas'~~~~...:~~ ~ ~ - 'i .r.~.-.--+-- - - - - ~ ~ lt..~ . ~ _ hereunder, provided that in the event of any such default hereunder ~ ~ m J ~J ~ n^ not cured within any applicable grace period, the Mortgagee :;~'Ifu~:ui~wQ shall be entitled to the possession and use of said mortgaged ,t1N(1o~ premi ses, and to recei ve and apply the net rents and profi ts ~ ~ m •ls thereof, upon and toward the payment of the indebtedness hereby secured. 10. In the event ther•e shall be filed a bill to fore- close this Deed, the plaintiff shall immediately and without notice be entitled to the appointment of a receiver for the mortgaged property and the rents, earnings, issues, income and - profits thereof, with the usual power of receivers in such cases, and such receiver may be continued in possession of said property and of said rents, earningS, issues, income and profits of said property during the pendency of such foreclosure suit, and the Mor`tgagor hereby specifically waives the right to object to such appointment and consents that such appointments shall be made as an admitted equity and as a matter of absolute right to the Mortgagee ard without reference to the adequaCy or inadequacy ; of the value of the mortgaged property or to the solvency or f ~ i insolvency of the Mortgagor or any other party defendant to i ~ such suit. ? ~ 11. In the event the ownership of the mortgaged ~ premises, or any part thereof, becomes vested in a person other ~ than the Mortgagor, the Mortgagee may, without notice to the ~ Mortgagor, deal with such successor or successors in inter~st ~ with reference to this Deed and the debt thereby secured in ~ the same manner as with the Mortgagor without in any way ~ vitiating or discharging the Mortgagor's liability hereunder r: or upon the debt hereby secured, No sale of the premises hereby ~ ~ mortgaged and no forebearance on the part of the Mortgagee, and ~ ~ no extension of the time for the payment of the debt hereby ~ ~ secured given by the Mortgagee shall operate to release, discharge, ~ modify, change or affect the original liability of the Mortgagor ~ P a g e 6 ^ . ~ - ~ ~~3.~ , - ~ .