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:lORTGAG~ DEEU - Paqe Four
hereby secured, without any.deduction shall, at the ootion of the
~lortgagee, or its successors or assiqns ,~ieco:ae immediately due and
~yable, notwithstanding anytning containec? in this mortgaSQ or any -
law c?aretofore or haroafter enactec:.
11ND it is stipulat~c2 an3 aqreed t~'~at, in case of default in
sny of the said payments of principal or interest, according to the
tenor or effact o£ tne 5aid note :
~entionea a~ove, o: s~reac.-~ or any
oi the covenants or agree:nents herein containecl, ttta:~ ar.3 in any
such case tiie ;+hola of the said principal su:~ nereby secured and the
interest thereon, ancl any payr~ent~ raac3e by the :~iortgagee, its succes-
sors and assigns, ~or repairs, insurance, taxss, ass~ssMents, liens, .
judr,ments , decrees , costs , c.'~arges , exnenses , aostract fees , at-
tornay's feas or ot:zar~isa, ~iiai~ at t,:1~ apc.ion of t:ie sa{3 'lortgagee,
i~s successors or assigns , beco~ i.
L-r~eliately c~ue an~: pay~le ~ithout
furtize~ notice, and this c~ortgaqe r*iay be :orecloseri in t,'~e na;~ner and
with ~ne sa.^ie eiiect as if the sai3 inde~t~ur.ess had o*herwise r:iatured.
The proceeds of said foreciosurA sha31 be aoplied: first.
to the •~xp~nses inctirrecl iizreunclar, incluciing a r~a~onable attorney•s
f~a for such service as rnay ziecessar_v for ~'ze col~action of said
in3~'ateaness and the forscl.osur~ of whis ~ortr,agQ; s~cond, to the
payr~ent of whatever ~ur,? or su:^is tti~ said :±ortgagee, its successors
or assigns , may iiave paid or beco~cze ~i~? e to 7ay ~n carryi:~g out
tiz~ ootions, terns and stioulations of ~his __.or~gar,e, together ~~itb
interest tnereon; third, to the pay:~ent and satis~action o£ said
note and interest.
IT is furtizer e:cvres~ly stipu2at~d 3nd ~grsed that t:~e
i~'ortgagee, its saccessors and a.»i3zs, ~ni?~ ,iave r~e ~rivilege,
at 3~ o~~on, after the ~oiay oi ~r ~i~ ~~r.._syion t~ cio, 'ay ~hs
~lortgagor, her 11~_rs , ~`ga~ -re~resenta~i ~~s or ~ss; _q:~3 , of any
act or t`~i.^.g :~hicit :~i? 3~or.s `i ~uta ~~e ~:i~i? t in or t~reach of any
of thz t2rIA3~ co;~c3it*_o:ts ai.c2 cov=~r.an~s ::erei:~ or zn said ~ortgage
nore coatained, ~nd ~.~~on ce:.L~~e.zce::ien:, i:~ a co~:r~ o~ cox~etent
Jur~s~ictio~ o~ 3 sui~ for ~:ia foreclosu:.~ of this i:or~gage, o~ apply- ~
inq for, either in and bv t:~e original bil~ yor foreclosure or other-
*.~ise, and si?all be entit2ea, as a:Zatter ~i rig'r.t az~~l wi::~out regard
• t~ the •,r~2ue af ~:~e ~remises , pro~erty ar.c? ~~s ~ate , oz t2ie necessity,
rea3or.a:~lzness ar e:tpediency t~:ereEor, or t!ia ~o~vsn^.y or in~olvency
oa the '~tortgagor, h~r legal rspr~sentatives, successors, :~eirs or
asa~qns, and witzout notice to said _:ortga~~or, i;e~ ?zairs, 1eg31 ~
' reor~senLat;ves oz assigns, ~o thA an~+oint::ent ~t se~e suitabl$
; person or corpora~ivn as a receiver ~or t:ie ;~ro~srtl, ~re..*u9as
~ aad estat~ her~inal~av~ descri.5ed.
~
~
= S:;Ci3 receivA~ shall nave ~aaer ~o cn~er upon, receive and
~ ta}c~ cor.iplate, entire and exclusive possession of sai3 property, pre-
rtises a;~1 es ta ~e , aad t:~~ ren ~s , is . ses a~~d nro ~ i t3 ~r~reof ; to ~re-
~erve, :^.aintai;~, cief,r.~d ana pro~ec~ auch ~ossession ancl said hremises,
~ property ancl ~s ~ate; to ? ~as~ the ~arte F~~ a tcr^i }o be aoproved by
; t:ie Court; to pay all ~axes, ass~ss:ezr.rs t^d lavies ~;iat ar~ or r.~ay
bscor,~e liens t:iereon; to 'r.eep the b~siZd~ ngs, ~~.:r*~itt:re a:sd £i :tures
:heieon insurea ar,ainst fi~e, -~~:~L, s~or::i, ;:iert or ot~er disaster;
to ^~ake reasonai~~.e or necessary re~airs an3 h? sna~l havP suc:Z ot.'~er
poc,a~rs as ::zay see.~n pro~r to the Court. ~ucn r~c~iver, a€ter deduct-
inq ay? charges and e:c~enses attendinv a~,:c:^ r~csiver~h~p, sh~ll apnly
t.ha resicls~ of sucn ren~s, ~ssues and prcfi~s to t'.lz ~ay:nen~ and satis-
factio:~ of this r.wrtga~e and the not~ ?iereby sec*~r`d, or to aZv de-
- fi~ie:~cy that riay arise or c:tist a~ter apa?vin~ ;~~za ,~roceec3s o~ the
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~ Q eoox 2z~ PAGL ~O~
8~~2~'.i P~~1~7 .