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Home My WebLink About1120 ~ - - 1 + - - 1T. If default be made is payment, when due, of any iadebtedaesa aecurod'b1~i~eb,~ or in the ~a~ of say at Mortgagor's obli- gations, oa;~enaats or agreements bcreuader: (s) M m authorised st an sane, without notice, is its sole discretion, b eater upon and take possession of the premises or ~Y Part thereof, to perform asy seta ltiortaageo deems nsoeseary or proper to conserve the security and to collect and receive all rents, issues and profits thereof, including those past due as weU as those accrusag thereafter, and (b) Mortgagee shall be titled, avs a matter of strict right and without regard b the value oro~ocuppaaaacy of the security, Lo have a receiver appointed b enter upon and sake poe~eesiua vI tLe twemiaea, eolkct the rents and profits thcr+efrom sad ,apply the saws sa the court rosy direct, such receiver b have aL the rights and powe» permitted under the 4wa of 1•'brids. F Ia either sash case Mortgagee or the receiver may also tsko poeeeeeioa ot, and for these purposes use. any and aU personal ProP~Y ooatained is the premises and uaeci by Mortgagor is the rental or leasing thereof or any part thereof. The expense (inriuduig receiver s fees. counsel fees, costa and agent's compenaatioa) mcrxred pursuant b the pourers herein contained shall be secured hereby.l?lortgagee shall t (after payment of aU boats and expenses incurred) apply such routs, issues and prof-its received by it on the iudebtedneas secured hereby it m such order as Mart;,sgee determiaea. The ri;ht to enter sad take poesessiun of said y to manage sad operate the s.a.e. and ootlect the reatr. issues and profits thereof, whether by a e+eceiver or otherwise, shall be cumulative to any ether right or remedy here- under or altorded by Isw, and may be exercised ooncurr~tt therewith or independontly thereof. Mortgagee shall be liable b account only for wch rents„ issues and profits actusUy received by Mortgagee. - !8. Without a8ecti the liability of Mortgagor or any other person (e:ceps anp rerrsoa expressly released in wri ' )tor payment of any indebtedness securedy or for the performance of any obhgatan ooatamed derein, and unthout afiectinR the r~ta o(111ettgagee with respect b sax security not expressly rrlessed in writing, Mortgagee may, at any time and from time toi time, either before or after the maturity of and note, and without ranee or consent: (a) Release say person liable for payment of sU or any part of the indebtedness or for performance of any obligation, (b) Make any agreement exceeding the time or otherwise alterins the terms o[ payment of all or any part of the indcbtedaess, or modifying or waiving any obligation. or subordinating, modifying or oWerwiee dealing with the lien or charge hereof. (c) Faereiae or rafrsin from exer+rising or waive any right Mortgagee may Gave. (d) Accept additional aecwity_ot any kind. - ~«R~e; 4r atbesws¢-.dead with any ProP~Y. real or personal, securing the indebtedaees, including aU or any part of the mortgaged premises. 19. If the indebtedneae secured hereby is now or hereafter further secured b ttel mo n Y i~g40. P~gea. c4 tt~Ct Qt,Rua*~tY, ~6n' meats or leases, or other securities, or if the premises hereby encumbered rp_a~st. `ede~e than one patcel, .1lfort~ag~e-ma,Ir, at its eptien, e-u:~swt any one or mxe of said securities and the security hereunder, or such parcels of the mor~tgsged premcees, erc7ler coacurrentfy bi independently, and in such order as it rosy determine. - 2q. Notwithstanding any pr+~vision herr;in, or in the note secured hereby, or is any other inatn~ment now or hereafter securing acid note, the total liability of Molrtgago~ for psymenfa in the nature of interest shall r}ot exceed the limits now permitted by the applicable State lain - ' - - - - - ~ • - - - - - Zl. Any attreement hereafter made by Mortgagor and Mortgagee pursuant b this mortgage shall be superior to the rights of the -Iwtdec of any interreniag lien. e>targe or enctunbranea ; ~ ~ : - - , . _ - . _ - . - ~2. 1'Q"e defiy by Morfg4gafl~n ex'erasigg airyright or reaaiiy o! Oth~wls~ att6t¢ed by 1asr, ahaU operate sa~rtaiYer-tfte~of oz p~udpths ems tbergobdunn~ the continu~gce obany default bPreunder. No-waiver by bl~rt~p~g~ of -say defaul;;fu?ll gonattute s waver oofi or oonseat.to snhaequenj defaults. Every tight and teemer~ provided jot this mort~ag~e 1~haf 1Se CumulAtivt of @vrry other right not ex~clu~eM~ g w~tbd~r bereid or by law conferred, and may tfe eptoroed Zoaoorreatly t6eeeuritl+. aadspeeifle eQUtAatatipo shall Z3.-Tbe eoreoants sad agreements herein contained shall bind and the benefits and advantages shall inure to the reapec~ive heirs, eiecu~ois, adminutrstora, a#teceeeors apd aneigna of the parties hereto. Wherever used, the eingulsr number shell include the plural, the plural the singular, and the use of any gender shall be applicable b all gwdera. All covetunts, agreements and undertakings shall be lit sad several, ~ . 24. Mortgagor hereby waives aA right of homestead exemption in and b the property covered by this mortgage. 25. The uneaforoeability or invalidity of any one or more provisions, clauses, sentences sad/or paragrapphs of this mortgage shall not render any other provisions, clauses, sentences and/or pangapha herein contained unenforceable or invahd. r y l • - 1 IN WITNESS WHEREOF, the said Mortgagor has set his head end seat the day and year first above written. IQDY~T PLAiA ~880CIA'lBB, f Signed. Sealed and Delivered in the presence of: •-~!'Mril Pi="t,~l='d1~p----------------------------------- -(SEAL) ,~G~ - • B31sA~ J!. ~ - - - - BZ: ....-.(SEAL) ? - - r - - ~Tx H? . ~ ---p1~i~ti~e~------------------- 8G0 PdGE ~S - rtrta-- - a~[tt - (s$AL)