HomeMy WebLinkAbout1138 Mortgagor agre~s to surren~er the possession
thereof imnediately upon any default, and, if
the Mortgagor remains in possession, such ~
possession shall be as tenant of the Mortgagee,
and the Mortgagor agrees to pay monthYy in ad-
vance to the Mortgagee a reasonable rental for •
the premises so occupied by it.
(c) The Mortgagee, with or without
entry, personally or by its agents or attorneys,
insofar as applicable may:
(i) sell the Premises to the
extent permitted and pursuant to the
procedures provided by law, and all
estate, right, title and interest,
claim and demand therein, and right
of redemption thereof, at one or
more sales as an entity or in parcels,
and at such time and place upon such
terms and after such notice thereof
as may be required by law; or
~ (ii) institute proceedings for
the complete or partial foreclosure
of this Mortgage; or
(iii) take such steps to protect
and enforce its rights whether by ac-
tion, suit or proceeding in equity or
at law for the specific performance of
~ any covenant, condition or agreement
f herein or in the Note or in the Mort-
gage or in aid of the execution of any
~ power herein granted, or for any fore-
~ closure hereunder, or for the enforce-
~ ment of any other appropriate legal or
equitable remedy or otherwise as the
Mortgagee shall elect, including with-
- out li.mitation, the appointment of a
receiver to collect the rents, issues
~ and profits of the Premises.
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~ Article 23. Legal Expenses of the Mortgagee
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: The Mortgagee or an independent contractor desig-
nated by the Mortgagee may emplay counsel for advice or other
~ legal service at the Mortgagee's discretion in connection with
~ any dispute as to the obligations of the Mortgagor hereunder and
under the Note and Mortgage, or as to the lien of this Agi•~ement,
~ or in•any litigation to which the Mortgagee may be made a party
~ on account of the Mortgage lien or which may affect the title to the
~ Premises or the validity of the indebtedness hereby secured,
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~ BooK238 PA~E113? '
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