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- obligation hereof, may: make or do the same in such
manner and to such extent as either may deem necessary to
protect the security hereof; appear in and-defend any
action or proceeding purporting to affect the security
hereof or the rights or powers of Mortgagee; pay,
purchase, contest or compromise any encumbrance, charge or
lien which in the judgment of either appears to be prior
or superior hereto; and, in exercising any such powers,
pay necessary expenses, .employ counsel and pay his
reasonable fees.
_ 9. That Mortgagee is authorized by itself, its
agents or workmen, to enter at any time upon any part of
the Land and. the improvements thereon situated for the
purpose of_inspecting the same, and for the purpose of
performing any of the acts it is authorized to perform
under the terms of this Mortgage or by law.
10. To pay immediately and without. demand all
sums expended by Mortgagee_in accordance with the
provisions of -this Mortgage, -with interest from date of
expenditure at the rate of ten percent (10$) per annum,
and to pay for any statement provided for by law in effect
at the date hereof regarding the obligation seeured
hereby, any amount demanded by Mortgagee not to exceed the
maximum allowed by law at the time when said statement is _ ~
demanded. All such sums so expended by Mortgagee shall,
until paid, be added to and become a-part of the debt
secured hereby and with the same priority of lien.
11. That upon default by Mortgagor in payment of
any indebtedness secured hereby or in peformance of any
agreement hereunder or if any bankruptcy, insolvency or
receivership proceedings be filed by or against Mortgagor,
Mortgagee may at its option, declare all sums secured ~
hereby immediately due and payable as if such sums were ~
- originally stipulated to be paid on such date and may -
-proceed to foreclose this Mortg age and/or to pursue such
` other remedies to collect such indebtedness and/or to
acquire the security therefor as are available by-law.-
12. That all of the rents, issues and profits of
said property are hereby assigned to Mortgagee, reserving
-unto Mortgagor the right, prior to any default-by
Mortgagor in payment of any indebtedness secured hereby or
in performance of any agreement hereunder, to collect and ~
retain such rents, issues and profits as they become due_
and payable. In case default be made in payment of any
indebtedness secured hereby or in performance of any of
Mortgagor's agreements herein contained, Mortgagee shall r
be entitled at any time without notice, in its sole ~
discretion, either by its agents, attorneys, employees, or
by a receiver to be appointed by a court, and without
f regard to the adequacy of any security for the indebted-
Hess hereby secured, to enter upon and take possession of
the Mortgaged Property or any part thereof, and to do and
perform any acts that Mortgagee may deem necessary or
proper to conserve the value thereof, and to collect and
.receive all rents, issues and profits thereof, including z
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