HomeMy WebLinkAbout0079 6. '!b py? aU and tlnsuU?r the oost~ char~es. eup~m~s sad ~tWrn~Y's teM e~ea~oaabif laatrnd oe pald at W tla~t
by tbe 1~[ortsajae becau~e ot at~? aef~ult ~s to ar?Y stlPulutlon..asrseme~t sad cove~ant ot tlw nob aM tAls 1[osts~. ae
either. or ta aq~r wlt oc proa~edlt?s at law or in equitr to MrRid~ tUe ~[0 4t~a~ ~Aall De sad beaomt a psrb? iw r~hew~
to the 1+tort~ssors tattrert fa tM PcerNses Mcein morts~sd. ce W aus aWn~ tM tlen or Pebrl4 a[ Ws ~Iat~; t1~
amounb o[ ~n1? wcl~ oosts. Mar~es. e~cpe~isa uW fees ahall aNo be deemed a charp ~ad tad~Dt~dnMS M~vr~d Me~
and eear leter~t at tbe ank r~te as tbe ptinclpal ind~Dtednas.
7. In the went a[ a default ta any ot tM co~venaa4 01 thls Mort~a~. We 1~[oct~e~ 1s a~e~ty ~fwn tM ~l?~
wNch may be exercl~sd at aqy tLne durini the e~dsteace ot anp detauit and ao lon~ as a 8etault shW ~xLR. to Wc~ pores-
don of ind hold the premisa. wfth or without prooe~s at law. aad collect and recelve We r~nt+? Ln~s a~ p~o~lts
theretcom. witA or wlWout taking po~esdon of tl~e premises. ~ud to aPPb? tAe rents. Ir~NS ~Ad praAts to !Ae pym~nt
ot expenses. char8es aad unau~ts due and psyaWe under the Pmvistons ot the aote wd tWs Yoetsap. '1L~ 1[ortp~o~r
~udgns and transfen unto the Mortga~ee the reab. Isues and pro~ts ot tLe premfses for the purpae afocewld. TM taii-
ing ot pw~sion oi the Pn~+ and the colle~tiou ot the rents bY the MoetB~ sball in no ~ wslw the rlsbt ot t!~ .
Mort~agee to torsclwe thls Mortgage because ot a defaul~
Md the Mortga~ee m+lY. at any tlme pendfns a wit upoa tNs Mort~ase. r~PP~Y to tbe C~ourt Aavin~ ~tridictba o[
such suit tor the appolatment oi a receiver of all and dn=ular the premises and the ren~b 1~sates and Pe+oIIts thereo~ ~d
thereupon the Court a6sll forthvHth, as a striM matter of ri~t?t !n the Mortga~ee. and wiUwut oooddtsatian a[ tbe
value oi the mort~a~ed premlaes ~s security tor the ~mounts due We MortB+iBee. or the solvenc~? ot anp Peetoa o~' Persons
bound for the psynknt oi wch amount~ and wlthout notice. appotnt a recetver of all such prenri~a with the usualpowe~s
and duUes including the power to ret~t the pnmiaes and to collect the rental thereof and tl~eretcom. tM revenw d~tved
from said premises to be applled to tht proper charges and expenaea attending the recelvessl~ip. taxes tad a~easma?b
and other charges against and for the protection of the psemiaes. the p4Yment of the indebtedaess aecu~ bereby. or as
tDe Court maw othen~vi'e direct. ~ •
8. If We prrmises. or any part thereof. b takea or damaged under w?,Y Power of emiueat doa4ain or ot6~rwlse. tMe1
whatever moneys shall thereby become due the Mortgsgor are hereby~ assigned and shall be patd W the ldatsase~. whor
atter deducting all reasonaDle costs and expenaes wWch maY have been incurred by !t la tha oollecUou thereo~ aball
app~y the remainder ot We sums seceived to Uu psyment and saUsfactlon of the lndeb aec~yred he~by !~4 tWl or pro-
taato. Any surplus of such moneys over and above the amounts neceasary to pq+ fq~an lndebLidne~ 4at~sb7 aeeurad
shall be pald to the Mortgagor.
9. The Mortga~ee shall have the dght at any ttme and from Wne to Ume, snd without uoUoe to oz ooosa?t ot atq
pe~aon, to release any portion of the premises irom the llen ot this Mortgage aad to extend the Ume oI py?ment c~f all ~
any part of the indebtedness, without aSeMing or releaain~ the personal llabpity of any pet~soA liable !or the psyment ot
any sum or interest secured hereby and without ia anywi~e altering. varying or dlminW~ng the loe+ce. etteM or liea o[
this Mortgage on aU o! the premites not speclnc~Uy released from the 11en o[ tAis Mortgsge by tbe b[orttagee.
I
!
~ -
f 1Le eonKaanb herdn contaUed shall bind. and tbe beneIIts and advantages shall inure t0. the re~active bMr~. e:ecu'
i Lor; admintstrators. suooessors. aad asdgns of the parties hereW. VVhenrver uied, the dnguLr numDer ihall iad~de tbt
r th~e~~te~bereb~ secure~are
m"sde v?tth reierenoye to~iad ~all be ooas~uM
as a F1orWa oontraet ~ove~ td
~ Lws tbereoL
IN ~Vi'1'N~ WHERDOF. tbe Mortgsgor herein naaud has henwnto ~et h1s hand and ieal tbe dq ~nd ~r Srst
abov+e nritt~.
Signed, 3eakd a~ Delivered .
in the Preseace~ ot: ~ /
~
(SEAI.)
J J. •
.
a
. " csFr?~.~
Polly J~ ~L"~"
~
~ •
~
~ . _ . _ ................_--------~----------...._...-------..__----.__.._--------.._...._....<sr.~.~
,
. -----_cs~+i.~
.---~-~-'~-c.._ . _ __s~
~
~c~ ~ ~i
$
~ _ _ _ -
- N~~y
~ ~ ~ ~ ~ ~
~ ~ : •
1 ~ -