HomeMy WebLinkAbout0261 the Note and ali other sums hereby secured shall become fortt~witt~
due and payablc as if all of the said sums of money were originally
stipulated to be paid on such day; and ~ereupon the Mortgagee
without notice or demand may prosecute a suit at law and/or in
equity as if a~l monies secured hereby had mabured prior to its
instib.ition.
23. If foreclosur~ proceedings should be institiuted against
the property covered by this Mortgage upon ary other tien or ~
ctaim whether alleged to be supcrior or junior to the lien of tt~is
Mortgage, ttie Mor~tgagee may at its option immcdiately upon
institution of such suit or during the pendency tfiereof declare
forthwfth and may at its option procecd to forcclose this Morfigage.
24. It is further covenanted and agreed by said parties ~
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that in the event of a s~it being ihstibuted to foreclose this ;
Mortgage the Mortgagee shall be entitled to apply at any time ~
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pending such foreclosure suit to the court having jurisdiction '
thereof for tfie appointment of a receiver of all and singular
the Mortgaged Property, and of all rents, incomes, profits,
issues and revenues thereof, from whatsoever source derived;
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and thereupon it is hereby expressly covenanted and agreed that ~
tl~e court shali fortf~with appoint such receiver witt~ the usual '
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pawers and duties of receivers in like cases; and said appointment ~
; shait be made by tlie coe.lrt as a matter of strict right to the
Mortgagee, and withoe.it reference to tl~e adequacy ar inadequacy
of the value of the property f~ereby mortgaged, or to the sotvency
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or insolvency of the Mortgagor or any othcr party defendant to ' ~
such suit. The Mortgagor hereby specifically waives the right to
object to the appointrnent of a receiver as aforesaid and her^eby
expressly consents that such appointment shall be made as an
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