HomeMy WebLinkAbout1137 and control the Premises and conduct the
business thereof, either personally or by
its superintendents, managers, agents, ser-
vants, attorneys or receivers; and upon
every such entry, the Mortgagee, at the ex-
_ pense of the Premises, from time to Cime,
either by purchase, repairs, or construction,
may maintain and restore the Premises, whereof
it shall become possessed as aforesaid, may
complete the construction of the Improvements •
and in the course of such completinn may make
such changes in the contemplated Improvements
as it may deem desirable and may insure the
same; and likewise, from time to time, at the
expense of the Premises, the Mortgagee may -
make all necessary or proper repairs, renewals
and replacements and such useful alterations,
additions, betterments and improvements thereto
and thereon as it may deem advisable; and in
every such case, the Mortgagee shall have the
right to manage and operate the Premises and
to carry on the business thereof and exercise ;
all rights and powers of the Mortgagor with ' ~
respect thereto either in the name of the
l~brtgagor or otherwise as it shall deem best;
and the Mortgagee shall be entitled to collect
and receive all earnings, revenues, rents,
~ issues, profits and income of the Premises
and every part thereof; and after deducting
the expenses of conducting the business :
~ thereof and of all the maintenance, repairs, '
` renewals, replacements, alterations, additions,
E betterments and improvements, and amounts neces-
,
~ sary to pay for taxes, assessments, insurance
and prior or other proper charges upon the Pre-
mises or any part thereof, as well as just and
€ reasonable compensation for the services of the
~ Mortgagee and-for all attorneys, counsel, agents,
~
~ clerks, servants and other employees by it pro-
perly engaged and employed, the Mortgagee shall
~ apply the monies arising as aforesaid, first, to
~ the payment of the principal amount of the Note
~ ~ and the interest thereon, when and as the same
~ shall become payable, and second, to the payment
~ of any other sums required to be paid by the
~ Mortgagor under this Agreement. All leases
~ existing at the time of the default are hereby
assigned to the Mortgagee as further security
; for the obligations of the Mortgagor hereunder
4 and under the Note and Mortgage. Any tenant
.x
~ defaulting in the payment of any rent to the i
~ Mortgagee may be dispossessed by the usual sum- ~
~ mary proceedings and in the event the Mortgagor ~
~ is an occupant of said leased premises, the
n~
~
-17-
~
~ BOOK~~B PACE1~cnJ
~
. , _ _ _
~ , ~
~ ~
- , , _ , ~ _
~ z _ ' ~ _