HomeMy WebLinkAbout0252 6. 'lb p~y W and ti~gular the ccsts. charges, expeases and attorney's lea ~asoaaDy? incurr~d oe paW ~t anp dak
by tbe Mortp~e~ Deawe ot W defaWt ss W aaY sUPulation. a~am~et Rnd covenant ot tM aote ~ad tAls Mort~. oe
to~thre M~a~~o~
mt~irepst~the~ ~prtem~
1~eln~~m~
or
~ sus~ tl~
n osnd beoome a p~ra ia reM
~
anwunts of any wch oatq char~ea. expease~s aad fees ahW alw be dcemed a ctu~rp and ~~lad~bbdanas~Neur~ -Mt~ab~
aad bear latecat at tbe wt~ r~te as the prtt~dp~! ind~btednesa -
7. In the ~vent d~ dehult in ~ny oi tAe covtnants ot thts 11[ort~a~e. tAe 1~[ortt~ 1s ~acPi'as1Y i~ ~~6
wAich nasy be exerclf~d at aqy Wne durtaa tbe e~dstenoe ot wqy 8etault and so loa~ ~s a dehult shaU ~xist. to tala pow~-
sion ot and hold tM pt~emises„ with or witltotit prooe~s ot Lw, ~nd oo~Uect ~nd t~eceiw tM t~a?b. istuM ~ad pro~tts
therefrom. witA or wilaout taklat Po~eadan ot We W'amises. snd to app~jr tbe e~eats. Mnw and pe+osts to ta pqnMat
o[ expenses. charges aad amounts due aad payable under the provWons ot tl~e aote aad Ws ~[ortpp. ~ Yaet~a~or
attl~as and transtess nnto We Morts~tee the renb. iswes and ProAts of tl~e premi~es tor tbe purpo~e atOrsMld. TM tak-
tu~ ot porariaa at th~ premises and the coUectioa ot the reats by the Mortga~ee sAW ta no way wdve tAe slsht at tM
Mort~ajee to ioreclwe th4 Mort~age because ot a detaulG
And tbe Mortta~ee maY. at anV Lt.:,~2 ~,..'3s.:!~'sg a~:*_ !tr^a! t~f~ Mo*t~a~re: a~nh to tlle COUt't l~avinL ~erl~ktlo~ o[ .
sucA suit tor tbe appotatmeut at a receiver oi all and ~lar the premises and the rents~ iswa ~nd proats t4ereoz. aad
thereupon the ~ourt sball torWvNth~ as a strlct mstter ot rtsht la the Mort6a~ee. aad without oooddetstbn ot t6e
value vt the mortpBM Premises as secnriqr for tbe amounts due the Mosts+~8ce. or the sotvenq of ~ per~oa oe Peisons
bound for thr p~yiqeAt ot sucD amounts~ and wlthout notiee. appotnt a recelver o! all such preinises w~ith the utwl poweis
aad duties lacludia~ tl~e power to reat tLe premisa and to coUcc~ the ren4I thereot wd therttrom. tM twr~w dettred
irana said premises to be ~pplkd to the Proper char8es and expenaes atteading the receiveraAlP~ Wces aud u~aanenb
and other char~es ~ and tor the protection ot the premises„ tde paymeat ot tl?e Wdebtedneas secured bereb~r. or as
the Court m~y otherwiae dtrect.
& If tLe premiaes„ or sny part tAereoi, is takee or dan~M under sqy poarer ot emu?ent domnaia or otMswlse, t~
wbatever monqrs shall thenby bccome due tl~e Mott~agor are herebY assi8ned ~nd shaU be p~id to tlie l[oetsa[e~ wha~
atter deducting att tYaao~aable cbsU and expensa whlcl~ ma~y have been lncuned by it W the oollectton tLee~eo~ ~11
appty tde re~alAder ot the wms recefved to the psyment and satistaction of tLe lndebtednas secured bee+eby !n lull or pro-
tanta My surplus of wch moneys over and above the amounts necessary to p~y la full all iadebtaane» hereb~ aecnred
,bw be w~a ~o ~ ~o~.so:. . _ ,
9. TAe Mortgagee sAall hsve the right at any tlme aad fcnm Ume to Wne~ apd ~ritlwut aotlce to or ooasent ot atq?
Person. to release any port[on ot the premiaea irom the Uen oi t1?is Marigsy~- :a e•r•_•d ~lw tln~ ot oayment ot all oe
aqy paet ot the indebiedneas, wttAout affecting or releasins tAe persunal 1tabWty of any peraon lfabie ior t1~e p~yment o!
any sum or interest secured hereby and aithout ia anywise altering. varying or dimWthing the torce. tttect or llea e[
this Nortgage on all oi the premiaes not specincally relcased trom the lien oi t2~is Mortgsge by the Mort~a~ee.
Tbe oo~renanb het~ela oontained shall bWd, and tUe bea~4 and ~dventages shall in~re t0. the napeetlre Mtt~r, ~s~c~t-
tot~ ad~ntoi~ts~tors. suooeaors. and asai~ns of the parties hee+eto. WAenever used. the tlngalar aumber sh~ll iad~ t~e
pTural. tbe P~ural the s~?1+?r, and the use ot any ~eader shari include all ~enden. It b intenBM that tl~is f[oetiap aad
the note hereby secnred ae+~ m~de with referencr to and s1u11 be oonstruM as a Fforld+? coatr~t and ~nad b~r tbt
law~ tbereoL
IN WIINFSS WHERDOF. the Morigagor berein named has hereunto iet Ws h~W aad ~eal tl~e dq amd rsar Scst
aDa~re wtitte~n.
S~ed, Se~aled aad Del[vered
W tBe Presa~oe o~: _
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