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HomeMy WebLinkAbout0224 ; 6. '!b pay all and sinQular the costs. charges. expen~es and attorney's tees rcasonably tncurnd or pald at aay tlau ; . by the Mortga~ee beoaux ot any detault as to any sUpulatlon, sgreement and covenant ot the note and tNs Mort~a~~. ot either, or tn any suit or procteding at law or in equlty to which the Mortga~ee shall be and become a patty In 1^efere~ot to the Mort~ago~'s tnterest la the premises herein mort~aYed. or in sustaWnt the Uen or psiority o1 this ~[art~ap; tM amounts of any such casts, charges. expensea snd tees ahall also be deemed a char~e and lndebtadnen Nctte~ed MreDy and beu interest at the same rate as the pr(ncipel indebtedneas. 7. In the event oi a default tn any ot the covenants of thts Mort~e, the Mortga~ee M euprasly ~lvaa tAe c~l~ht, whtch may be exerctsed et any tlme dudng the existence of aTMy default and so long as a detault shall exlst, to talce poner sion oi and hold the premises. with or without procas oi Lw. end coUeM and receive the rents, Lwes ~d proIIts therc[mm, with or wlthout taking poasession ot the prsmises. and to spply the rents. tasues u~d pronts to tUe pwnaeat ot expenses, chsrges and amounts due and paysble under the pmvWons ot tbe note end this Mort~a~e. The 1~[ortsa~or assigns end transten unto the Mortgagee the rents, [atues and proflts ot the premises for the purpose aforeadd. TAe tak- ing of possession of the premises and the collection ot the rents by the Mortgegee ahaU ta no way ~ralve the tl~ht ot tbe Mortgagee to Loreclose this Mortgsge because ot a default wnd the Mortgagee may. at any time pending a suit upon thfs Mort~age. apply to the Caurt havint iurldiMton oi sucA suit tor the appolntment ot a receiver of all snd singulac the pcemfses and the rents, issuea and proDb thereoi. aad thereupon the Court s6a11 torthwith, as a striM matter oi right ln the Mortgagee~ and without oot~sideratlott of the value oi the mortgaged premLsea as aecurity for the amounb due the Mortgagee. or the solvency oi ~u~y perwa or persons bound for the payment o[ auch amounts, u?d without notlce. appoint a receiver of all sucn premises with the usual paareis and duties including the power to rent the premises and to collect the rental thereot and thercfrom. tAe reveaue derlved from said premiaes to be applted to the proper charges and expenses attending the receivership. taxes aad as~esmenb and other charges against and for the pmtecUon ot the premises, the payment ot the Indebtedaess secured t~erepy, os as the Court may otheiwlae direct. 8. If the premises. or any part thereof. b taken or damaged under any power of emineat domain or otAenvise. thes whatever moneys shall thereDy become due the Mortgagor are hereby assigned and shW be pa~ to the Mortgsse~. who. aiter deducting all reasonaDle costs end expenaes which may Aave been [ncurred by it in tM oollection thereo~ ~dall apply the rPmatnder ot the sums received to the payment and satis[action of the lndebtedn~ss ~ecured hereby in full or pro- tanto. My surplus of such moneya over and above the amounts neces~ary to pay ln tuU all lndebtedneas hereb~ ~ecured shall be paid to the Mortgagor. 1 . 9. The Mortgagee sha13 have the right at any Ume and trom Wne to t1me. and wlthout notlce to or consent oi aa~r person, to release any portion ot the premises imm the Iten ot this Mortgage snd to extead the tinw o,t p~yQnent ot all or any part ot the indebtedness, without atfecting or releasin~ the personal liability ot any person 1lable ior tAe payment of any sum or interest secured hereby and without in anywise altering, varying or dlminishing the force, ettect or lten o[ thia Mortgage on ali ot the premises not speciScalty released trom the lien ot this Mortgage by the Most~agee. i l ; i i ~ i ~ i i i E f 4 1 ~ s ~ The coveaaats IIereln contained ahall bind. and the beneSts and advantsges shall inure to. the rdpectlv~e helrs. euecu- ~ tors, adnnlnbtrators. sucoessors~ and assigns oi the partles hereto. Whenever used. the dngular number ahall fnciude tM g plnrat. tl~e plural the aingular. and the ume of any Qender shall include ail ~endera. It Ls iatended tbat th4 Morfr~t and ~ the note hereby secured are made with reference to and ~2?all be construed as a Flodda cw~t:aat ane Soverned bp tM ~ lwwrs tLeneot. : - ~ ~ IN WITNFSS WHERDOF. tl~e Mortgagor herein named has herrunto iet his haM and aeai the da~ aM year ~st ~ above wrlttea. ~ ~ s~~ea, se~ea ~a ~u~na ~ in the Presence of: ~ ~ . ~ _/~----~0o~'(BEAL) ~ ~ wiiliam c. ~-man a ~ ~ ~7~ _ ~ " ' F~..L - _~-w~~ - . . . . ~ • - _._....(SEAL) Id@~18 B. SY~1li ~ _ '1 /7 ~ t i . . ` ~ -v, , __'_'_...'._.v_.._'!_..~~_.C.__......' ........._....._._.'..__".._......_..........._....<SF.ALI . r~~ . . - ; , . - - ..._...csEwt.~ n ~ ~ ~ = ; ~ ao~K 2U(l 224 ~ ~ ~ ~ .x+ . ' r ry . ~ ~ ~ ~ Y1.'~ , ~Y ~ s-~A %-~C'.sa3+"C'Y~`~~c'~.~'~~'~`- aG~ ~ ~ y 4,.' 'S°'~c. ~ ~ `~~~~~~"-~~x~"~"',~ `)'"~"'~a'-~~ ~ if _ . i . . = c~