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HomeMy WebLinkAbout2327 j + 6. 'lb p~,y ~?!1 u?d stngule?r the coats, chsrges. expenses and attorney'a te~ reasonabl~r lncurr~d oar pa{~! at any tfnN by the Mort~~ee becawe ot sny detault as to any stipulation. agreement and covenant ot t!?e note ~nd tlds Mort~aje. ae elWer~ or In any suft or procecding at law or U? equity to which the Mort~aaQee shaU be and become ~ part~r !n retee+enq to the Mort~agor's interest ln thr premises hereln mort~sged, or in sustalnin~ the llen or prlority ot thb l~[oetQa~~; t!M amounb ot any such oosts, charges. expenaes and fees shW also be deemed a cAuRe and ln8ebtedaas s~red her~b~r and beu Interest ~t the satne rate ~s the prlndpal indebtedness. 7. In the event ot a detautt In any ot the covenants ot tl~s Mort~a~e, the Most~a,~e~ It esprady ~tvea t!~ el~t, whica may be exercised at any tlme during the exlstence ot aTMy detwlt ~nd w loag sa a deisult aAW ~xist. to taln poaet. don ot aad hold the premisei. wtth or wfthout pra~e~s a~ law. and colleK and re~ive ttie t+enis~ lssuet aud ys~!!L theretrom. wlth or wftbout teking posseaslon ot the premisea, and to apply tbe rents. iawes aaa pt+ont~ to t!~ pa,yu~at ot expenaes. charges and amounts 8ue and payaWe under the provisiau ot the aote ~ad tAls Morts~,~e. Tl~t l[ort~a~or a.a:s~.~ u~:~:: ~:K ~!v:;~~e re~t~ loues and pro8b ot tbe pramises for the pu~por~ ~toreaW. 17~e tak- in8 ot poa~atlo~? ot the premises and the coileMion of the rertts by the Mostga~ee shaU tn ao wy? ~?~lve tM eiSAt ot the MortBa~ee to torecia~e this Mort~a~e because ot • default And the Mort~agee m0.Y. at any Wne pendtng a sutt upoa tAis Mott~aae. aPPtY ~ the Oourt Aavia~ ~ttrtsdictlon ot such suft for tha appou?tment of a receiver of W and sin~ulu the premisn and the rents, iswes uM pron4 tbereo~ aM thereupon the Court sbW forthwlth~ as s stdct matter of rt~Dt tn t1~e Mortga~ee, and w[thout ooasideratb~ of tne value ot the mort~aged premtses aa securEq? tor ttee unounts due the b~origagee~ or the solvency oi aay person or person~ bound for the psyment of such amounts, and without notlce. appotnt a receiver ot W such pretnises wlth tAe uaual powees and dudes facluding the power to rent the premises and to coUect the reahl Nenot and thenefrom. the reveaue detlved trum ssid premises to be ~pplied to the prnper cherges end expenses attend[ng tt~e recetvarship~ taxes ~nd ~y and other char~es agatnst ana for the pmtectlan ot the premi:es, tUe p~,ymeat of the lndebtedne~s secured i~ereby, or at the Caurt may othe~v?tse direct. 8. It the premises„ or any part thereof~ is takeA os damagM under any power ot eminent danain or otMt~ris~, tt~a whstever moneys shaU thereby become due the Mort~a~or are hereby asst~ned and sh~11 be pnW to tbe l[o;tp~ wAoi, atter deducting all reasonable coats and txpen~es whicb nu~Y l~ave been incurred b~r it 1n the apply tl~e remainder oi the sums recetved to th~e paymsnt and satlstactton oi the indebtedneas secue+eoa~b~ in ~ ar pr~o- tanto. Any surpl~s of wch moneys over and abova tt~e amoants necessary to p~y in tuli all Sadebtednds herep~r ~,yr~ shall be patd to the Mort~agor. 9. The Mort~a~ee ahell have the right at any Ume , and fraiu time to time, and altAqKt,ne~ce to ~or cotuent o~ aq~r ~tr~on~ xo retease an~? portlon of the premises from the Hen of this Mortgage utd to extend'tAe tlme ot psyakat p[ a~l ae ar~y part of the indebtedness without affecting or releastn~ tl~e peraontl liaDiUq? ot any per~on IiaWe fpr tbe p8ya~t ot any sum or lnterest secured hereby and wlthout in anywise altertng, vuylnQ or dlmfnishln~ the fpe,pe~ e[(set ae H~p pt this Mortgage on aU ot the premfsea not speciScally relea~ed trom the llen oi thts Mortga~e b}r We Mort~e. Tbe owenaats berefa canWned shall bind, and the bene~4 aaA tQv~utages shall lnure to, tt~e respecttre D~lr~. ~cu- toe'a. a~r~tou, +uaxssos~ and assigr~s ot the parties hereto. VV2~enever used, the dnaular nwnber sha11 1ndw1! tb~ ~ plural. tae plural tbe aia~uLar. and tbe uae' ot aqy ~der sball include all ~enders. It h intended t6~t Ws Y~ortp~~,~e and ~w ~ ~ secne+~d are made with reterenoe to ~wd :halt be constsued as a I~7oriQn oontraat aM tovezned b~r tb~ ~ IN Vf111'NE~ WHEREOF, the Mortgagor herela na~ried has hereunto set hts hand aad aeal tlie dq stfd ~qtt ~tst abo~ve wtittea. ff I ` ` ~ E ~ Of: DlliYl:'!d ~ ~ (SEAL) ~ V n L. Forrar ' ~ ~ ~av,, ` n~r~e~~- : rrar _..~....csFr?L~ ~ , ; ~ ` - . • - ........................_...---........._.._......------_....<sFr?i.~ ` - ~ i _ . ...s~u~ ~~~t~n.s.~..e..,..._.. --------------------_....------...._.....---_._..._._---~--....__._csFr?i.~ ~ - ~ l " ~ ~ ~T.V~ P~BF~~~