HomeMy WebLinkAbout0554 . . ~ . . , . .
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' tLo samc~ mRy usc, opcratc, mannoc :inci control thc Premisea
aticl coi~cluct thc Lusiiecss tl~err.ol', ciil~cr pcrsonaily or by its
superinten~lents, ma~nagcrs, anents~ scrvants, attornc}s or re- ~
coivcrs; nnd upon every sucl~ enLry, thc ~iorl~a~ec, nt tLc c~-
~ penso of tlie \tortbabcd Ycopecly, from timc lo time, cither by
purcLase, repairti or construction, mny m;~ii~tain ~nd restore the
~ort~agc~l I'ropcrt}~, wlicrcof it shall becomc pu~sessed as uforc-
eaid, may coinpletc lLe constructiou of tL•c Improvements nnd in
tlie course of such completion may u.~l:e sucli cl~an~es iu the
, Contenti~laled Impro~•cments as it mzy decm desiraUlc and m1y
insare the samc; and lil;c«•ise, from tiiue to timc, at the espense
of tl~e Dforl~a~eci Propcrty, tl~c ,llort~~ee may make all neces-
sary or proper repairs, rene~vals and ~replucements and such
. nseful alterations, aclclitioiis, bettermc2its ~nd impro~eme~its
tbereto and thcrcon as to it ma}- sceni advisable; and in every
such case tlie ~fort~~,cc shall )iz~~c tlie rijlit to maiiaoc and
oper~tc the ltort~-a~ccl Property and to carry on tlie basiness
thereof and esercise :tll ri~Lts und po~cers of the ltortba~or ~citi~
~ res,~ect iliereto cii!:er in tLe nai?~e of tlzc 'tort;;a~or or otl~er~rise
~ as it sh~ill dceni bcst; and the \Iort~a~ee sl~all Ue eiititled ta
~ collect~ ~nd recei~-e all c~rnin~s, rerenucs, rents, issues, profits
and income of tl~c \[ort~a~ed Propert~- ancl e~~ei•~• plrt thercof,
~ _ sIl of ~rhicL sh:ell for zll purposes constitute propertp of the
~ 1lfortnagor; and ~ficr deductin, tl~e c~penses of conductin; the
~ bnsiuess tL-ercof und of All maintenance, renairs, rene~als, re-
~ placeme~~t~, alferations, additions, Uetterments a~id impro~ e-
~ ments and amounts necesslrr to pa~ for tases, zssessments, in-
~ snrt~ncc and prior oi• otl~er pro;~er char~es upon the llort,a~ec~
~ ~ Pro~ert~ or any psrt tl~ereof, ~s ~ell as ju~t ~nd reasonable
~ compens~ti~n for the services of tl~c ~fort~a~ce ~nd for all at-
torne3-s, counseI, a~~n?s, clerks, scrrants and otlicr eniplo~ces by
~ it pro~crlr en,afied 1nd emplo~ ed, tlle ?1lort,a~ce s?.iali apply
~ the nwuc.-s lrisiu~ as liorc~~tiu, io tiic Pa}~uent oi' thc nrin-
~ cipal of thc :~ote a~id tl~e intere~t thei•eon, ~rhen and as the sa~ne
~ shall become Pa}•~ble ~ ncl ~econd, to ti~e pz~ment of an~ oiher
~ _ snms reqnired to Ue Paid Ur tl~e ~Iort~a~or under tl~is : fortga'e. ~
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III. Tbe liort'a~ee, ~rith or ~ithout entry, personallp or by
: its agents or attornevs, insoiar 1s applicable, may: ~ .
: (1) sell the _`.iort,~a;ed Properf~ to the ettent permit.cd
and pttrsuant to the proccclnres proridcd b~ la~c, and zll estate,
- . right, titte and interest, claim and demand therein, anci richt '
' ' of redemption thereof, at onr or more sales as an entitv or
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