HomeMy WebLinkAbout0522 power to collect the rents, issues and profits of said premises
during intervent~_~n of such receiver, shall be entitled to
collect such rents, issues and profits, and all other pawers
which may be necessary or are usual in such cases for the pro-
tection, possession, control, management and operation of the
premises during the whole of said period. The Court from time
to time may authorize the receiver to apply the net income in
his hands in payment in whole or in part of:
(a) the indebtedness secured hereby, or by
~ any decree foreclosing this mortgage,
or any tax, special assessment or other
l~en whi~h may be or become sunerior to
the lien hereof or of such decree, pro-
vided such application is made prior to
~ foreclosure sale; ~
~ (b) the deficiency in case of sale and
i deficiency.
I
~ 7. The mortgagee or the holders of the note shall
° have the right to inspect the premises at all reasonable times
~
and access thereto shall be permitted for that purpose.
8. If this mortgage encumbers any unimproved property,
any reference to improvements herein above contained shall not
apply. _
IN WITNESS WHEREOF, Gulf Oil Real Estate Development
Company, as General Partner of Hutchinson Island Limited Partner-
ship, has caused these presents to be signed by its Vice
800K / PAGf 5~
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