HomeMy WebLinkAbout3884 property sold to satisfy or apply on the indebtedness hereby
secured;
(7) in the event the premises covered hereby, or
any part or portion thereof, shall hereafter be condemned or
taken for public use under power of eminent domain, Mortgagee,
its successors or assigns, shall have the right to demand and
receive all damages awarded for the taking of or damages to
said premises, up to the amount then unpaid on the indebtedness
secured hereby,and may apply same upon the payment or payments
last payable thereon. To that end, in the event of such taking, i
an amount of the debt secured hereby equal to the damages so
awarded for the taking of or damages to said premises, shall,
contemporaneously therewith, be accelerated to maturity;
(8) the rents and profits of the mortgaged property
. are also hereby mortgaged, and if proceedings to foreclose this
Mortgage shall be instituted, the court having jurisdiction
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thereof should appoint a receiver of the mortgaged property,
and apply those rents and profits to the indebtedness hereby
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secured, regardless of the solvency of Mortg~gors or the ade-
quacy of the secuirty.
IN WITNESS WHEREOF, the said Mortgagors have executed
this ~tortgage on this the _c~ da 1972.
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D othy E. Mu phy ~
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- Lew~s E, ~itt
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Edith S. itt
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~ James . Skannel
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bi . kannel
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