HomeMy WebLinkAbout0404 :dORTGAGi. DE~D - Paqe Four
hereby secured, without any cleduction shall, at the ootion of the
`~lortgaqee, or it9 successors or assigns, n~co:ae i.~unediately due and
p.zyablQ, notwithstand:~nq anyt~ing containac? in tiiis :nortgage or any
law neretofora or Iisreafter enactec:.
~~iiD it is stipulated an3 agreed t~'~at, in case of default in
sny of tiie said pay:~ents of principal or interest, accordinq to tne
tenor or effact oz tne ~aYd note :ientionecl a~~ve, or ~rea:.h or any
o~ rhe cov~nant3 or agree:~ents li~rein cor,taineci, ti~~:~ an3 in any
such case tiia ;~hola or the safd principal su:a ~zerP..~-ay securecl and the
in~ere3t thereon, ancl any pavr.ients raac3e by the :~lortgagee, its succes-
sors and assigns, ~or repairs, insurance, +~aYSS, assess~~nts, liens,
jud5-ments , decr~es , cos ts , c.'~arges , e~cpenses , abstract fees , at-
~ornay~~ Leas or ot;~ar~rise, ~i~a~~ at t:i~ oacion o~ t:la sa{1 'tortgagea,
i ~s succes~ors or assi~~ns , ~eco::~e i::?:~e.~.iately clue an~: pay~la without
further notice, an~3 t:~is :.iortqage °:~ay i~e ~oreclo~e:l i,~ t`~e r.w:iner and
c,~ith `ne sa.^ze eiiect as if th~ sa=3 indeb~ecine~ss had o~herwise r.~att~ced.
The proceeds of said foreciosurn sha32 be agplied: first,
~o tne ~~:tpenses incurreci iiereunci~:r ,_ncluciing a r~a~onab le attorney `s
~~a for suci? service as ;nay ~n nec•~ssar_v For t:~e col~action of said
inleatec3ness and t:-~~ ~orecZos;sr~ of ~~is -~ort,a5_; s~cond, to the
payraeat of whateve: s;u~ or su:-ns ttia said :!ortgagee, i~s successors
or assigns, may :iav9 ~aid or Dacar.za li~a3e to 7av ~n carr,~iag out
t~-~~ option9 , terns ancl s ti~ulations of thi s<aor ~gage , toge ther ~,~ith
interest tizereon; ~hird, to tha pay:~ent 3nd sa~isyaction of said
note and interest.
j IT is furtzer e:coress2y stipulated 3n3 sqrsed that w~e
; =•'.orcgagee, its saccessors a.~d c3351~:'15 ,~ha"_ :ia-~e c.~e nriv :2Ac~a,
~ 3t i ts op~:on, after ~;ze ~oizy oz or ~ie ~~::°_s-;ion ~o ~io, ay che
~ :lartgac;or, i12r it°=y:3 , ic?^31. i"P_?1~°S~il~3~! ;laS i>t"' 1S33.G:23 ~ O~ 3:'~y
~
' act Qr t:u.^.g -~~zi~r ,~~r.s.°_~t~~4a z~'e`:ici'_t ~r 'r~re.~ch of any -
~ J~ ti22 ~Z1:13 ~ C0;1l+ii' O;ta ~!:t~ COV~3i c3IIL5 ::c'~ tl:t Ol" .a i2 =i31C~ _~:?ortgaqe
::o;.a co:~~a;ned, and ~1~on ~:~a cc~::~e :ce::~en~, ia a co;:rt o` co:~^eteat
jur~sdiction o~ a sui~ for ~.':a ~orecsosur` ~~f ti~i~ .:ortgage, of apply-
inr~ for, eitizer in -and 'a~ t;ze origi:~aZ b31~ ~or ~vreclosure or other-
! :~rise, ~nd shall ve enti~laci, .3s a-?atter c~~ r~g~:t aa~: wi;
~out regard
! to W':e ~~a:.•.:e ~t h:~e ~rEI~aJCJ ~ ~r4~ertf ar.c? ~~state, or the aecessity,
~ x~a~ona:~lanass or e:cpediency t;:erlEor, o~ ±~ie ~o~vency or insolvency
oi the 'Iortqagor, hzr ~egal ~sorssentati~~es, successors, :~eirs or
a3signs, a:~d wit-~ou~ notice to sai:i .:ortgagor, :;e= :~airs, legal
reo~~se~_at;ves ~r assigns, to t.l'~? ~~-+o;n~.-:e.^.t or ;er^.e suit~l$
~ p~rson or corpora~i~n ss a recei~~er ~er t:ie aro~nr~y, ~re..~.isa3
E ~
u;~3 estat~ hereinabov~ 3~scri~ed.
t
; ~:.iC~ receiv~r shall havs oo~ver ~o eater upon, receiv~ and
z taks co::»l:~t~, eni~ re and exc~usiva z~osse~sion of ~a~3 proo?~rty, pre-
I'',~S+BS ~1;.:~ e33ta~E ~;3:t~ ~:1~ r~~n~3 , 15~;:1E3 c~::C~ ~~0~? ~s c~:ereof; t0 ~r@~
~~r~~e, ::.ain~ai;~, uefend anci pro~~c~ ~ucz ~ossassior, and said nremises,
pro~ert~~ anci =~s ~3t@; ~o ~=a5z ~i:~ :~ar.ie For a te~~ ~o ue aoproved by
t::e Cour to pay al~ ~axzs ,~:ss~s~ :;ar. ~s ar_:3 lUv ~es ~:lat u.re ar riay
b~cor.ie liens ~aer~on; ~o ':eep ~t:e ;~siZd~:~q,, .'wr?:2tL•1''<' a~d fi :tuzes -
~hereon insur~c~ agaznst fi=c~, -~r;nc~, s~~r:~, ;:ze`t or other c?isaster;
to :~a~ce r~aso-~an? e or necessary re;~~=r~ zn
:~ta ahall l~ave suc~ ot~'Zer
~as~~r~ as :iay see.-~ pro~: to ttie Court, ~ucn r~.c~i»r, after deduct-
].i2Cf .~..i~ C?"13r~A9 c~Z1C~ L:CJt?i1Sr?3 c~,.ttCT1C.~;:1CT ;~'.:C : rc~C°~VSX^~12?~ ~ shall a.'.'~.7D~Y
1.`ilr3 r~?g?(~:1~ OF 5t1Ci1 rC..'T:.`.S~ ~S5t1Q3 1I:f.~ ,r'iZ'C~~"s }O ill?_ ~ay:ier.t and $dtl3~
factio:~ of tY:is :tortqage ~nd the ~iote i:ereov VPcur~d, or to a~v de-
- fi~i~ncy t:;at riay ati~e oL ~:tisz ~:~~~r ~1P7?ulri`~ ~,2~ -~~oceec?s o~ the
ea~x faG~