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then upon the happening of argt one or more of said Bv~ents of Default, the entire unpaid
balance of the principal, the accrued interest, and all other awns s®cured by the Note
or this Mortgage shall, at the option of Mortgagee, become immediately due and payable
without notice or demand, and in any such Bvent of Default Mortgagee may forthwith,
and without further delay undertake any one or more- of the folbwirgs
(1) Foreclosure. Irwtitute an action of mortgage foreclosure, or take such
other action as the law may allow, at law or in equity, for the enforcement thereof
and realization on the mortgage seeuritq or any other secteity which is herein
or elsewhere provided for, and proceed thereon to final judgment and execution
thereon for the entire unpaid balance of the principal indebtedness, with interest,
at the rates and pursuant to the methods o[ calculation specified in the Note and
this Mor~a~ to the date of default and thereafter at the rate of fifteen per
cent (15916) per annum, together with all other sums secured by this Mortgage,
all costs of suit, interest at fifteen per sent (15916) per annum on any ju~ment
obtained by Mortgagee from and after the date o[ amt Sheriff's Sale of the
Mortgaged Property (which may be sold in one parcel or in such pat~eel4, manner
or order as Mortgagee shall elect) until actual payment is made by the Sheriff
of the fu11-amount due Mortgagee, and an attorney's commission for collection,
which shall be one per Dent of the total of the foregoing sums, without further
stay, any law, useg+e or custom to the contrary notwithstanding,
- (2) Entry. Mortgagee personally, or by its agents or attorneys, may enter
into and upon all or any part of the Mortgaged Property, and each and every pert
thereof, and may exclude the Mortgagor, its agents and servants wholly therefrom
without liability for trespass, damages or otherwise and Mortgagor agrees to surrender
possession to Mortgagee on demand after the happening of any Bvent of Default;
and having and holding the same, may use, operate, manage and control the Mortgaged
Property and conduct the business thereof, either personally or by its superintendents,
managers, agents, servants, attorneys or receivers; end upon every such entry,
the Mortgagee, at the expense of the Mortgaged-Property, from time to time,
either by purchase, repass or c~r~structiin, may maintain and restore the Mortgaged
Property, whereof it shall become pos.9essed as aforesaid, maq eompiete the constrre-
tion of the buildings, structures and improvements and in the course of such completion
may make such charges in the contemplated or completed buildups, strictures
and improvements as it may deem desirable and may insure the same; and likewise,
from time to time, at the expense of the Mortgaged Property, the Mortgagee
may make all necessary or proper repairs, renewals and replacements and such
useful alterations, additions, betterments and improvements thereto and thereon
as to it may deem advisable; and in every such ease the Mortgagee shell have
the right to manage and operate the Mortgaged Property and to wry on the business
thereof and exercise all rights and powers of the Mortgagor with respect thereto
either in the name of the Mortgagwr 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 Mortgaged Property and every part thereof,
and after deducting the expenses of conducting the business thereof and of all
maintenance, repairs, renewals, replacements, alteration, additiorn, betterments
and improvements and amounts necessary to pay for taxes, assessments, insurance
and prior or other proper charges upon the Mortgaged Property or arty part thereof,
as well as just and reasonable compensation for the services of the Mortgagee
and for sll attorneys, counsel, agents, clerks, servants and other empiogees by
it properly engaged and employed, the Mortgagee shall apply the moneys arising
as aforesaid, first, to the payment of the principal of the Note and the interest
therein, 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 Mortgage.
For such purposes Mortgagor hereby authorizes any attorney of anq court of record
to appear for Mortgagror to sign an agreement for entering an amicable action
of ejectment for possession of the Mortgaged Property.
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