HomeMy WebLinkAbout2994 6. Zb pay ~11 and vni'W+?r the ccst~. cbar~e~ expens~s and ~ttorney'~ teas csasoaab4 lacurnd oe pald at aay tta?t
~ by the Mortia~w bcau~e ot W def~ult ~s W~J? svP~?tlo~, ~re~a?e~t ~nd covenant ot tM uot~ and tht~ 1[ort~a~~. oe
eitAer. or in any suft or proceedln~ at law or 1n equlq? to wNcA tM D[ortsaps st~aU bs ~nd b~ooa~ a_Q!rt,j ia rttttrao~
to the Murt~+~o~~ Interest !n tM Pnnl~ ~~a[~• or ta wstatnte~t w. ueu o: ~a a ~s : tn.
amoun4 ot anY auCl? oosts. d~aRea. expen~a and itea ahW abo be d~ecn~d • charp u~ lad~bt~dM~s
and beu Iaterest ~t U?e samt nte ~s tM ptinclpal lndebt~dnea.
7. U the ~vent at a dehult fa ~nY ~ tM oo~v~a~nt~ ot thls ~tortsa~e~ tM Matsa~e~ 1s ~eprMdY tlv~ tbe ti~At~
whicb m~y De ~xtrcls~d at ~a,p tlme dnrlni tbe e~aa at aq~r betault and ao loa~ ~s a BKuult ~A~U ~dtt. to tak~ paw~-
don of and hold tM prembe~. with or wftha?tp:~ow c~ LMr, wd ooll~ct aad r~tw tlM ra~t~ 1anw~ ~ud pt+o~ft~
ther~trom. v~itL or wltbout Wdni Do~e~oa a! tM Pr~enls~. ~nd t~ appl~ tlk r~ta. Ynws aod proIItr to t1~ py?n~nt
ot expen~es. ~lurtes ~e?d ~naounta due and p~yable un8es tM W'ovldoas ~ tbt e~ot~ aad tl~t~ ldorts~. ~~[crtia~os
~poreriaa tht P~ aad tM coll~ctl
~ t!M~rents by~tht Mort~a~ae shall 1n no way w~lw~
tM~i'!~!?t oi tM
Mo~ to torecloM Ws f[ortsa~ beoau~ ot a detault
Aad tbe 1~ortia~ ma~?. at aW? Um~ penAlns a wlt upon tAN Morts~iR +~pPLY to tM Oourt l~avlns ~uiidlctfoa ot
such sutt Lor the appolatment of a reoNwr ot atl ~ad da~ular the pc~ai~s anA tbe ra?b. 1~nta wQ Pro~b tA+r~ ~d
tbereupon the Catrt shall forthwlth. as a strlct matter ot sisht !n tM Mort~ee. aad wltLottt oondda~atloa a[ t~
~alue ot t2~s dwrts~ed pna~l~s ~ ascudt~ for tM ~qownb due tAe ~~sts~s~e. or tM ~otv~? at W D~~ ~ P~
bouad for tM payment at such amount~. aM witbout notkt. appotnt a ir~r ot au sueh pranises ~rtth th~ uauilpo~s
and duties lacladfat th~ Po~' W trat tbe preml~a aud to oollact tM reittal theraoi ~nd tMretrom. tb~ r~wau~ i8~s
trora ~afd pr~mtses to b~ aPDlled to the P~r exP~a atteadtnt tM r~aNwesNp. taxe~ ~ad aw~enaib
and OtM! chaK~ ~i~t iAd tOt tM Pi'o~lCt1011 C~ UM pre~ril~es. tbf ptymint Ot W! 11MtbL~dAM NCYf~d MlrDy~ O! Y
ths Court my? otMralN dtrect.
8. It tbs p~ or W Dart tMceof. i~ talcen or danrl~ ~r ~Y P~?er ot ~mleNnt doat~is ot otba~wl~. tL~a
~rhatrwr mon~ shall tl~er~bp beoom~ dw tb~ Mortpsor are bereDY u~f~n~d and shW M palA to tD~ l[ati~~, ~?b0.
after deducvns a!1 rea~oe~ble oosb aaa e~cp~ws wWcb m~l? 1~aw b~en lacurnd bp lt in tM oWl~etlon tMero~ ~bW
~ ~?qY surplusr ot wch
n~aontys ovee ~nd ~tA~ ~itnouats eNOe~as~? to psy~
~
bttrby a
r~id
at~W b~ paM to t1?~ l~[ortsa~or.
9. The Mort~asee ahW haw tLe rf~ht at aq~r ttnat ~nd fran ttm~ to tia~. ~d wlthout aotla~ ~o or oonMnt ot v0.1
Per~aa. to relea~ W P~on ot the prembes irom tM H~n ot tAls ~ortsap aad to hct~nd tl~ Wm a[ pRya?eot o~ ~il ae
~uY Part o! tAe 1n8~btedner. wlthout atitcdns oe' relsad~?S th~ P~v 11abW~Y oi ap~r per~on Wb1~ tor t~ p~t a[
th~ls ldortsa~e on ~11 ot tla pramt~s
n~ot speclllcaW? relewd~trom~tt~e
l~l~nn~ ~thls ~ th~ ~~[oe
~or llht d
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~ ~r~ ~ ~[0ltsw~Ot ~lN~ 1l~IO~d ~1Y h~!'~'Hft~O N~ hl~ 11~~ ~M~ ~1N ~ a11` rM~
•bOr~ welt~.
aI~~A. ~alb ~od DNlv~srA
In t!w Pew~se~ o~: /
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se h F. Kerhart
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