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HomeMy WebLinkAbout0635 t . R } ; 6. To pay a!! and sis+gular the coat~ cherges, expensrs and attorne~'s teea ^easonably incurred or paW Rt any tl~ ? by the Mott$a~ee bet,~ause ut sny defe~ult as to any s:Ipulatlon, agreenient ,and cavenent ot che nate and thls Mortga~e. oe ; either, or in wny suft or proceeding at law or la rquity to wAtch the Mort~a~e~e shal! be und become a party In referma to the Morigagos's interest !n the premises herein mortgaged, o~ in sustain~eg tne Lien o~ priority Ot tA1s tdott~s`e; tfa ~ utnounts of any such costs, charges, expenses end tefs shsU atso be deemed s charge a[id indcbtedness iecut+ed herebr t and bear interest at the sarne rute as the principal indebtednes~. 7. I~ the event o! a default in sny ot the covenants ot this Morigage, the MartgagPe Is e:pre~ly alven tEe ~ight, whf:h mey be execcixd at any tlme during the exlsteace ot sny detault and so long e~s a detsult shall exist. to take poases- sion oi and 3~old the premtses, cvitA o~ without proccas oi law. and collect and rsceive the renttr tssues ~ad proSb theretmm, v?ith or wlthout taking posaession o[ the premlx~s and W apply the renta Lssues and ptoDts to tAe paynicat ot expenses, charges and amounts due and pa;able undes the peovistons of the note end thts Martgage. TAe Mort~a~ar asslgns and transters unto the ?dortgsgee tAe rents, issues snd pro8ts of the premises [or the purpose atoredald. The tak• ing oi possessloa ot the premises snd the collecti~n of tlie rents by the Mortgagee shall in no way walve the rlght ot the Mortgagee to toreclose this Mortgage because ot e detault. Md the Mortgagee may. at any time pending s sult upon this Mortgega. apply to the Court having iurisdictlon ot ! such suit toc the appointment ot a receiver ai all and stnguler the premises and the rents, issuea and proflts thereof. end ~ thereupon the Court shalt torthwitA. as u strict matter ot right in the Mor,gagee, a~d wfthout consideratlon oi the R ~aiue ot the mortgaged premises ss secuHty for the unounts due the Mortgagee. or the solvency of rny peraon or persons twund to~ the payment ot auch amounts~ and without noUce, appoint a receiver ot all such premisea wtth the usuat poweis ~ and duttes [ncluding the power ta rent the premises and to collect tAe rental thereot and :hereG^om. the reveaue derived ~ tmm said premisea to be npplied to the proper cMrges end expenses attendtog the receh•ershtp. taxes and assessments ; and other charges against and for the protection of the premisea. the paymeat ot th~e indebtednrss securrd hereby. or as tAe Court may otherwise dtcect. 8. It the pcemises, or any part thereof, Is taken or damaged under any power of emtnent domsi.i or otheiwt~e. then i wMte~ er moneys shall thereby become due the Mortgagor arP hereby assfgned snd shall be pald to the Mortgagee. who. after deducttng a?! reaso~able c.~.s and expenses whlch mey have been [ncurred by ft En the coUecUon the~rof, shall apply the remainder of the sums recei~ed to the payment and satistaction of the indebtednesa serured hereby 1n tull or pro- tanto. Any surplus of such moneys orer and above the emounts necessary to pay ia full all lndeptednesi heteby secured shall be paid to the \iortgagor. 9. The MoKgagee shall h+~ve the right at any ttme and from tiu~e to time, and without nodce to or c~nsent ot any person, to release any portion of the prnm~.ses irom the liert o[ this Mongage and to e!ctend the Ume of payment of a11 or any part ot the indebtedness, withou, aSzcting or releasing the personal liability ot any person 1lable tor the payment oi any sum or interest secured Rereby and without in anywise altering, ~•arying or diminlshing the torce, eftect or llen oi this Mortgage on all ot the premises not speci6cally rele~ed trom the lien of this Mortgage by the Mortgagee. i { S The covenants hereln conWned shall b1nd, and the bene8ta and advantages shall inure to, the respective hetrs, p,xecu. tors. adminlstrators, succe~ors, and assigns of the parties hereto. Whenever used, the aingular eumber sha11 lndude the plural, the plural the siuguler. and the use of any gender shall inctude ali gendeis. It Ls tatended that th4 Mortgage ada the note hereby secured are made with reference W and stiall be construed a~ a FlorWs contract and ~overned by the Lws thereoL IN WITNFSS WIiEItDOF. the 'dortgagor herein named has hereunto aet his hand and seai the day and yeu IInt - above wtitten ~ Signed, Sealed and Delivered ln the Presence ot: I , ~ ~ ~ - - - _ L~-___.._csEwx.~ ~ ~ Paul .:a;~~ ~ ' ~ L~ 9 ~ ; . _ . - " ,~~r ~~<SEAL) 7~~~"` _ - , ^ .7o~ce ' . :a:~ , . ~ I~ ~ , . - - - - ' - _ . - - -•---ISF.AI.I ~ ' ~ - - - - - - - - - . _ . . - - - - - --..(SEAI.) ~0~ ~ ~ ~ _ ~ - _ _ - - ~ ~ Er.~~ y ~ _ < ~ - - ~ ~