HomeMy WebLinkAbout0263 conducting the business ti~ereof and of all maintenanc~, repairs,
renewals, replacements, alterattons, additions, betterments,
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anci improvements and amounts necessary to pay for taxes, assess- ;
ments, insunance ar~d prior to otfier proper charges upon the =
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. Mortgaged Property ar any part thereof, as wetl as just and
reasonable compensation for the services of the Mortgagee and for
all attorneys, counsel, agents, clerks, servants, and other }
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employees by it properly engaged and emptoyed, the Mortgagee shalt -
apply thc monies arising as aforesaid, first, to the payment
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of the principal of thc N~te and the interest thereon, when
and as the same become payable and second, to tt~e payment of
any ott~er sums required to be paid by the Mortgagor under this
Mortgage . `
26. In case of proceedings by or against the Mortgagor in -
insolvency or bankruptcy or any proceedings for its reorganization
or involving thc liquidation of its assets, then, and in such case, ~
the Mortgagee shall be enfiitled to prnve the whole amount of
principal and interest due upon the Note to the futl amount ~
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thereof, and alt ~ther payments, charges and costs due under ~
this Mortgag~, without deducting therefrrom any proceeds obtained ~
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from the sale of the whole or any part of the Mortgaged Property,
provided, however, that in no case shall the Mortgagee receive {
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a gr*eater amount than such principal and interest and such other ~
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payments, charges and costs from the aggregate amount.of ti~?e i
proceeds of the sale of the Mortgaged Propcrty and the distribution
from the estate of the Mortgagor. ~
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27. That Mortgagee shall have the right from time to time
to take action to recover any sums, wl~ether intcrest, principal,
or any instaliment of either, or any other sums required to be ~
paid under the terms of the Mortgage, as the same become due,
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