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HomeMy WebLinkAbout0795 s , 17 ments as mny be udvisflble, in the judament of the'liortgagee, for the pnrposc, t~nd as mt~y be dcsignnted in sucli request. Any such sale or sales mnde nnder or by ~ irtue of this Article II, ~vhether made nnder the power of sule herein granted or under or by virtue of judicial ; proceedings or of a jndacnent or decree of foreclosure and sale, shall ; operate to divest ull the estute, right, title, interest, clnim und demund ~ ~hutsoever, ~vhether At lA~v or in equity, of the 1~iortgAgor in and to the propertics und rights so sold, and shull be u perpetual b~?r both at law and in equity naainst the Diortgagor und ngainst any and all _ persons claiming or ~vho mAy claim the sume, or uny part thereof ~ from, through or under the ~iortgAoor. ~ (c) In tbe event of Any sule mude under or by virtne of this ~ Article II (~vl~ether mndo under the po~ver of sale herein granted or ~ under or by virtue of judicial proceedings or of a jndgment or decree ~ of foreclosure and sale), the entire principal of, und interest on, the ~ i rTote, if not previously due and payable, and all other sums required t to be paid by the 1liortga~or pursu~nt to this 11lortguge, immediately ° ; thercupon shAll, unything in the I~~ote or in tl~is ~iortguge to the ; ` contrAry not~vithstunclin~, become due and payable. ' ~ ~ (d) The pnrchase money, proceeds or avails of any sale made ~ nnder or by virtue of this Article II, together ~vith any other snms ~ ~vhich then mup be held by the DiortgAgce nnder this Diortgage, # whether under the provisions of this Article II or other~ise, shall be ~ appl'sed as follows: ~ ~ ~ First : To the pnyment of the costs and ezpenses of anch sale, ~ ~ inclucling reASOnnble compensation to the ~iortgagee, its agenta ~ And counsel, and of an3 judicial proceedinas ~vherein the same i may be mude, and of till espenses, li~bilities and advances made or ; ~ incurred bp the DSortgagee nnder this Dsortg~ge, together with ~ interest at the Incolunt~ry Rate on all advances mude by the ~ 1liortgagee and all tuaes or assessments, escept any tAZes, assess- , ments or otber charges subject to which the ~Iartgaged Property shall have been sold. - ~ Second : To the pAyment of the whole amonnt then dne, owing or unpaid upon the Note for. principal and interest, with interest =t on the unpuid principul at the Involunturp Rnte from tind after the happening of any Event of Default described in clause (a) of _ ~ ~ . ~ - - s ; ;-LL : 0 R ~ ~ ~ ~ ~DOK~O P~CE ~ t ~ _ ; ~ ~ - - - - i ~ Z~` G'.rv ~ y ~,~d~ }~.1~4~^ s~ ,~y ~ ~ ~ `Sy"4-~'+~t~~ ~'~r ~ - _ ~ ~ ~ ~ ~ ~ _ . _ . _ ~ -ti . z: