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HomeMy WebLinkAbout1532 3. In the euent there shol! 6e ~iled a 6i/1 to (oreclose this deed, 1he p/aenti(j shall immediately and without notice be entilled to Ihe appointment o( a receiuer (or Ihe s~o~lgaged property and the rents, earnings, issues, incon~e and pro(its the?eo(, with tbe usual pomer o( receiuers in such cases, and such receiver ~nay 6e continaed in possession o( said propeNy and o( said rents, earnings, issues, income and p~o(its o( soid property during the pendency o( such joreclosure sreit, and the Mortgagor hereby specijicolly waiues the rigbt to o6ject to such appointment a»d consents that such appoin~ment shsr!1 6e made as an admitled equity and os a matter o( obsolute right to tl~e MortgQgee, ond without re(eience to the adequacy or inadequocy o( ~he ualue.o( the mortgaged proper~y or to tl~e soluency or insolcency o( the Alortgagor or any other party de(endant to such suit. 4. In the euent the ownership o( ~the mortgaged premises, or any part thereo(, becomes uested in a person o~her than the Mortgagor, the Atoitgagee may, with~ut notice to the Afortgagor, deol wilh such suc- cessor or successors in interest with re(erence to ~his deed and the de6t hereby secured, in fhe same manner as with the Mortgogor without in any way uitiating or dischorging the Mortgagors' liability here- under or upon the de6t hereby secured. No sale oj the premises here6y mortgaged aed no forbeorance on tbe part o( the 1lfortgagee; and no extension o~ the time (or the payment o( the debt here6y secured gruen 6y the Atortgagee shall operate ~o release, discharge, modi(y, cl~ange or of/ec~ the o~iginol liability oj the Morfgogor herein either in whole or in port. 5. The lien o~ tleis deed secwes and shall continae to secur~ poyment o( said indebtedness or in- de6tednesses, hou~euer evidenced, u~hethe? 6y said promissory note or any renewal or extension thereo( or substitute the•efor, or othermise, until all such indebtedness sl~all have 6een ~ully paid. 6. 1( ~orecloswe proceedings o( any second ~no~tgage or any ~ junior lien o( any kind should 6e in- stituted, the Mortgagee, its .successois or assigns, may at its option, imn~ediately or therea(ter declare this ~nortgage and the rnde6tedness secured here6y due and poyable. 7. That in the event the premises hereby mortgaged, or any part thereo(, shall be coredemned and taken (or public use under the power oj eminent domain, the Mortgagee, its successors and assigas, shall have the right to demand that arll damages cuvarded ~or the taking o( or damages to said premises shall be paid to the Mortgagee, its successors or assigns, up !o the amount then unpaid on this mor~gage and may 6e applied upon the payment or payments last paya6le hereon. 8. The terms "MNortgagor" and "Mortgagee" mheneuer used in this instrument shall include the heirs, personal represen~atives, successors ond assi~ns of the respecteue- pasties hereto. Whereuer used the singular num6er shall include the plural and the plwal t he singular, and the use o( any gender shall inclr~de all genders. ~ ~ i I ~ ~ 100K ~V1 P~~f 1t~ -3- - ~ ~ - a -