HomeMy WebLinkAbout4559 , and no turtl~er instrument of sulJOrdinati~n ~l~ill be required.
In ronfirm~tion of such subarclinatinit, rlori-g~c~ee sh~ll executa
prompt2y any certificate t}~at t;ortg~gor or the lend~r holding
such first mor~g~ge or any successor lender, ma}• rer,uest.
.8. The rents and pr~f its of the mortguged propcrty
~ are also hereb~~ nortgaged, and ii proceedings to for_eclose this
~ mortg~ge~shall be in~titu~ed, the court having jurisdiction
thereot should appoint a receiver of the r.:~rtgaged property,
and apply those- rents, and pra£-its to the iz~clebtedness h~reby
securel, reg~.rdless oi the solvency of the ~~ortgagor or the
adeau4cy of the security. _ ~ -
; 9. T`he t~fartg~gor has entered into a lease be~:ring
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i ~ __L tn t~iar..R'f-rAT~ L•TFY
~ even date nere~.iiii ~i :~?~:L`y..y~.. r~~::.~.,_.. .
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riOTOF Itv*.S, I2.C. So lo:~g as the tenant un-~er said lease shall
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be duly paying the rent reserve;,ithereunder and sh~ll be duly -
periorming all of the covenants :~nd aqreer:,ents on its part
to be perfor.~ed thereunder, the holder of this ~;ort;~ge will
` not maY.e the tenant ~ theretinder a party to an}• foreclosLre
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proceedings, nor other~?i~e disturb the 1e~ sehol.d estate of
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such tenant ar.d, up~n coming into possession ot the mortgage3
~ prentises by any deed in lieu of foreclosure or upon any
purc}iaser of the ni~rtgaged premises at an}~ foreclosure sale
coming into possession of th~ mortgaged prezaises, the holder
of this mortr; ge,or ~uch purchascr, as the case cn-~y be, sh~ll
- pern~it such teu~~r~t to attorn to ~ach :~olc:e~ or ~uch per~o~,
as thc case may be, upon all thc terms and conditions of
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