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and upon every such entry, the Mortgagee at the expense of
the Mortgaged Property or the Mortgagor, from time to time,
either by purchase, repairs, renewals and replacements and
such useful alterations, additions, betterments and such
useful alterations, additions, betterments and improvements
thereto and thereon as it may seem advisable; and in every
such case the Mortgagee shall have the right to manage and
operate-the Mortgaged Property 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 Mor-tgagor 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, all of which shall for all purposes- ~
constitute property o,~ the Mortgagor; and after deducting i
the reasonable. expenses of conducting the business thereof
and of all maintenence, repairs, renewals, replacements, -i
alterations, additional betterments and improvements and ~
- amounts necessary to pay for taxes, assessments, insurance--
and prior-or other proper charges. upon the Mortgaged Property
or any part thereof, as well as dust and reasonable compen-
sation for the services of the Mortgagee and for all attorneys,
counsel, agents, clerks, servants and other employees by it
properly engaged and emploXed, the Mortgagee shall apply the
monies arising as aforesaid, first, to the payment of the
interest on the Promissory Notes and then to the principal
thereof, 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.
28. In case of-proceedings by or against the Mortgagor
or the Alabama Venture in-insolvency or bankruptcy or anX
proceedings for its reorganization or involving the liqui- i
dation of its assets, then and in such case, the Mortgagee ~
-shall be entitled to prove the whole amount of principal and ~
interest due upon the Promissory Notes to the full amount
~ .thereof-, and all other payments, charges and costs due under
~ this Mortgage, without deducting therefrom any proceeds -
~ obtained from. the sale of the whole or any part of the - ~
Mortgaged Property, providing, however, that in no case
shall the Mortgagee receive a greater amount than such
principal and interest and such other payments, charges and
costs from the aggregate amount of the proceeds of the sale
of the-1Kortgaged Property and the distribution from the
estate of the Mortgagor.
29. That Mortgagee shall have the right from-time to _
time to take action to recover any sums, whether interest,
principal, or any installment of ether, or any other sums
required to be paid under the terms of this Mortgage,_ as the
same becoane-due, without regard to whether or not the prin-
cipal sum secured, or any other sums secured, by-the Promis-
sory Notes and Mortgage shall be due, and without prejudice
to the right of Mortgagee thereafter to bring an action of
.foreclosure, or anx other action for a default or defaults
by Mortgagor-existing at the time such earlier action was
commenced. No remedy conferred upon or reserved to the
Mortgagee herein, or in-the Promissory Note is intended to ,
be exclusive of any other remedy or remedies, and each and
every. such remedy shall be cumulative, and shall be in i
addition to every other remedy given to-the Mortgagee now or
hereafter existing at law or in equity or by statute. No
delay or omission of the Mortgagee to exercise any right or ,
power accruing upon any.Event of Default herein, or in the L
Promissory Note, shall impair any such right or power, or
shall be construed to be a waiver of any such Event of
-15- sU°~ 317 P~~E 575