HomeMy WebLinkAbout1138 8. 'lb pay all and sf~gulu the costs. ¢hat~es, experu~t a~d attorn~y'~ teN reaaonably incurr~d oe pald at any Wn~
by tA~ Mortpjei b~wwe ota~y? dclault at to any ~tlpulatlon, agtYement and cover?ant ot tM r~ot~ ued thla Moet`at~. or
eltt~er, or in at?p ru1t or proceedln~ ~t law or in equity to which tAe Mort~ shall M and btcom~ •p!~! le? s~feeyna
to the Mort~aso~'i lnt~rest tn th~ premi~ea herein morigaged. or in rustafn~ ttt~ llea or prtorlty c~ t!W ~ . tM
amounta ot any such cats. char~a, expert~es and feei ahali siw M deemed • ch~rp .,~a ~a.ec.anw ~N~~ir~b~
~nd beu Interut at tM atn~ r~te ~s the prlneipal indebtednea.
T. In th~ ev~nt ot a detault ln sny ot tM cav~tu~nts o! thls Mott~a~e~ th~ Mort~ase~ b~tpr~a~ip ~lwa tM diht~
whlch may b~ exercised at any Wae durtnj the e~dsteuc~ ot any dtt~ult and w lons ~s a datault at?aU actst. to takt poaN-
don o! and hold the pt~eml~n. w1tU o~ wtthout pra.ws oi l~w~ eutd coUect and ree+lva tM renb„ LuuN ~ud protlh
theretrom, with or wlthout talcing poreulott oi the pr~tnl~es. and to apply tM r~Ata. itw~s aaQ psoAb to tM p~t
ot expenaes, char~es and amounU due and psyable undelr th~ provbioni ot tM not! snd thl~ f[ort~ap. T!a Ho~
a~sitns and trmsters unto the MoH~a~ee Uu renta„ Lsues and proSts of tM pteml~t Lor tlu purpoM ~tor~aald. TA~ tak-
tn` of poaaNon of tM premtses an the coUectlon ot the rcnts by the Mortta~ee ahall In no wap wtlw th~ el~f?t o! tM
1+[otts~ee to foceclose thls Mort~age beawe oi a default.
Md tt~e Mortsa~ee m~y, at any dme pendln` a~u1t upoa tWs Mort~ase. apply to tht Court l~a~ ~urbdlMlon ot
iucA sult tor the appotntment ot a receiver of aU and dn~ular the premfse~ and the rents. f~tues ~t?d pro 4 tMeeof. and
tt?ereupon the Court shW fotthwith~ es a iteiM matter of ttsht in the Mort~a~ee, and wtthout oot~sidt[stlaa oi tl~t
value ot the most~aged premtses as securlty ior the ~r?ounU due the MoKsa~ee. or the wlveACy ot any p~rsoa os p~esoiu
Dound for the payment of such amounta. and withaut notict.appoint a recetver oi all sucb pt~mLes wlth t1u usualpor~rt~s
and dutlee tncluding the power to rent the pretnlses and to eollcct the rental thereol and theretcom, tM r~wnn~ dtelved
trom ssid premises to be appUed to the pwper chargea end expenses attending the recefvenAlp, t~xa utd aw~sments
end other ehar~es agsinat and for the protecdon ot the premi~es. the payment of the lndebtedaea ~ecucsd her~Dy. oe a~
the Court mi?y otheewise direct.
8. If the premlies~, or any part thercot. is takea or dama~ed under any power ot eminent domaln os otA~twiN, t!?a~
wlutever moaey~ shall thereby becom~ due the Xottsa~or ae'e hsreby aai;ned ~nd shaU b* psld to tAt 1[ost~a~~ bo,
aitcr deductins all re~wnable cosb u~d expenNS which may hsve been tncurred by 1t in th~ ooUection tb~reot. tball ~
t~anto. Az?Y ~l s of s~uch
m
n~ys ov~er and abo~ve
tAe unow?4 n~eceswrY to py? ftt~tull~ill lndeDt~d~
btnb~? Meund
i
~hall be pafd to the MottQaaor.
9. The Mortga~ee h~ve th! rlght ~t u~y ttm~ ~nd tcom tlm~ to time. and w[thout notlce to or oonseut at at~y
peraon, to release any po on of the premises itom the Uen of thls Mort~a~e and to extend Ne tlme oi psyment oi sU ar
any part of the indebtednes~, without a8ectln~ or relessins the personai IisbtUty ot any person liable ioe the payment ot
any sum or interest ~ecueed heneDy and wlthout in anywt~e altering, varyln~ or dlmtnlsh[ng the toeri~ etiect oc llep ot
this Morigage on ~ll of the preml~es not ~peciIIcWy relaued Imm the llen ot thb Mort~a~e by the Mortsa~se.
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TNe cavenanb herela couWned shall ~ind. and the benesb anA adventages sluill fnurt to. the respeetlve lsMn. execu•
torr„ ad~nWstraWrs. suceeaors, and aasigns oi the parttes hereto. Wheaever uied. the sinsular number shW iaciud~ tbt
~ no~
~reby
~ made wrtth refereuoye to~and s6a11 bel~
trued~asea IFlwrlda ooatn~t anQ ~avs~ tbt
Lws tlureoL
IN WITNF3S WHERFOF. t6e Mortgagor heretn namea has hereunto set hls lund and seal tl~e da~ Ood yeas Mt
above ovrttten. -
Signed, Sealtd end Delivered _
In the Preseuce of:
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__(SEALI
Milton P. Clanpus
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> AeeD. Compus
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Subscribed and sworn to ta,e'~t~i?i~%9t1ti,`~ay .
~ of May 1972 = • •
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