HomeMy WebLinkAbout2309 °r.~r .I.L~~)~ I:tGE.~.~.~~~-j.
17. In the event th~re shall be filed a bill to fore-
close tt~is peed, the plainti ff shall immediately and without
notice be entitl~cl to the a~poir.tment of a receiver for the ~
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mortgaged property and the rents, earnings, issues, in~ome and '
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profits tl~ereof, with the usual power of receivers in such cases, ~
and such receiver m.ay be co~itinued in possession of said nroperty
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and of saic~ re22ts, earnings, issues, income and profits o£ said
ro ert durin the `
p p y g pendency of such f~reclosure suit, and the
Aiortgagor herehy specifically ~~aiv~s the right to obiect to
such _appointr?ent and consents that such appoin~ments shall be t
made as an admitted equit}~ and as a r.:atter of ahsolute right
to the Alortgagee and caithout reference to the adec~uacy or
inadequacy of the value of the mortgaaed property or to the
solvency or insoluency of the *~[ortgagor or any other~party
defendant to such suit.
18. In the event the o~unership of the mortgage prer:~ises,
or any part thereof, becomes vested in a person other than
the Mortg~gor, tl~e rtortgagee may, without notice to the ~
rtortgagor, deal ~,~ith such successor or suceessors in interest
ti~ith reference to this DPed and the de3t thereby secured in
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the same rianner as with the P!ortgagor ~.•ithout in any way ~
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~ vitiating or discharging the t~lortgaaor's li~ility heretinder ~
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or Upon the debt hereby secured. '~o sale of the p~-emises hereby
mortgaged and no forebearance on the par_t of the Mortgayee,
and no extenszon of the time for the payment of the dek~~ hereby
secured given by the Mortyactee shall operate to release, dis-- -
- charge, r.iodify, change or affect the original lia}~ility of the
Mort9agor lierein either in ~~hole or in p~~t. Any sale of ~
the ~~remises with~~ut the prcvieus wri tten co;isent of rior~c~agee
sh.all he a defaul ` hereur?der, hut nothing ~icrein shall a~ply
:~„_to t~hc~ s.~.l~ of incliviciual cot~c~omi_niiir~ units so lonc~~~s tl~e - i
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retease price thc~r~rfor as liereinaftcr zet fortl~ is ~,iid to
tRortq~~g~~•. .
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