HomeMy WebLinkAbout0219 6. To pay a!1 and singular the costs, ct?ar~es. expenses a~d attorney's tees reasonably incurred or paW at any ttme
by the Mortga~ee because of any default es to any stlpulation, agreement snd rnvenant of the i?ote snd thli Mort~a~e. or <<
eithe~, or in any suit or proceeding al Isw or in equity to which the Mortgagee snall be and become a patR7? fn retereaoe i
to the Mortgagors tr?terest in the premtses hereln mortgaged, or in sustaining the llen or pdority ot this Morttase: tM s
amounts ot a~y such casts, charges, expenses and tees shall also be deemed s ch~rge aad indebteduess ~ecund hereby i
and bear intetest at fhe same rate es the principal indebledness ~
7. In the event of y detsult in any of the covenants o! this btortgage, tAe Mortgsgee b eacpready ~fven the d~h~ ~
wAich may be exerciaed at any Wne during the existence of any detault and ao long e~s a detault shall exlat. to Wce posses- ~
aion ot and hold the premises„ wtth or without process of law, and collect and recelve tt~e nnts, f:aues ~nd protl4 :
there[rom, with or without taking poasessfon oi the premi~es, and to apply the rents. lsaues sud prosb to We p~yment ~
oi expenses, charges and smounts due and payable under the pmvtsions of the note snd tZds Mortg~ge. TAe Mort~os ~
assigns and transten unto the Mortgngee the rents. issues and pro8ts ot the premises tor the purpo~e dorepld. 1Le tak-
ing ot posseasdon of the premises and the collectton of the rents ~y the Mortgagee shall In no way ~vdve the rf~ht of the ,
Mo~tgagee to foreclose this Mortgage because ot a detault. ~
And the Mortgagee may, at any time pend[ng a suft upon thls Mortgage. apply to the Court Ravtng j~?rbdiMlon of ~
such suit tor the appointment of a receiver ot all and singular the premises and the rents issues and proSts thereot. Rnd 3
thereupon the Court shall forthwith, as a atrict malter oi right in the Mortgagee, and without oowideraUon of t2fe f
value of the mortgaged premises as secudty for the amounts due the Mortgagee, or the solvency of eny persoa or persons ~
bound [or the payment of sucA amounta. and without notltt. appoint a receiver ot all such premises wtW the usual poweis
end duties induding the power to rent the premises and to collect the rentsl thereot and therefrom. the nwenue deslved t
Irom said prem[ses to be applied to the proper charges and expenses attending the receivecahip, taxes atM assesmnents
and other charges against and for the protection oL the premises, the payme~t of the tndebtednrss secured hereby. or n
the Court may othetwise direct.
& I[ the premises, or any part thereo[, is take~ or dsmaged under any power of eminent domain or otherwlse, thest
whatever moneys shaU thereby become due the Mortgagor are hereby assigned and shali be pald to the Mortgs~ee. who„
aiter deducting all reasonable costs and expenses which may have been incurred by it 1n the collectlon thereoi, shall
apply the remalnder of t~?e sums teceived to ttie payment and satts[action ot the indebtedneas secured here~y in fttll or pro-
tanto. My surplus of such moneys over and above the amounis necessary to ~ in jull all Wdebtednbts hereby ~ecured ~
shall be pstd to the Mortgagor. f
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9. The Mortgagee shall have the rigAt at any time and [rom time to time, and without nottce to or conseat of aqy ~
person, to release any portion ot the premises from the lien of thts Mortgage and to extend the time of payment of all or ;
any part ot the indebtedness. wlthout agecting or releasing the personal liabtlity of aay person llaWe !or the payment of i
any sum or interest aecured hereby and without in anywise eltering, varying or dimintahing the torce. ettect or llea ot '
this Mortgage on all ot the prnmLces not speciScally released trom the lien o[ this Mortgage by the Mort~agee.
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The coveaants herein contafned shall bind, and the beneSts and advantages shall inurr to, We respectlve Aelrs. eue~v
; Wrs, administtaWrs, successors, and assigns of the partiea hereto. Whenever used. the singular number dull in¢lude tbe
i plural, the plural the aingular. and the use ot any gender sAall include all ~endera. It ta intended that tNs Mott~age and
= the note hereby secvred are made v?ith reference to and shall be construed as a Flodda contract and taverned by t1~e
~ law~s thereoL
k IN WITNFS.S WHEAEOF. the Mortgagor herein named has hereunto set his hatW aad ~eal the da~? and ~ear nsst
~ BDOV! WiI~tCA.
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