HomeMy WebLinkAbout0022 4. Th• Gen hero/ sholl extend to and include else use. noes, and profits of said p?emiees. but the Mortg a?
shall hau• the right to r•moin in poas•saton o/ said premises rend snloy the ua•, and io receive. else rents and pro ite
the?eo/, without occounting to the iVlortpape• th•?•f
or, ao long os then aholl 6• no dt/self hereunder, prov
that in the •wnt of any such default hereunder for a period o/....t~,y..dazs the ,tilo.lQep« ahaU 6• entitled a
fh• possession and ease of said snoNQap•d Pnmiass. and to nceiv and apply Ih• reef rents and projtt• fl?w~•ej.
upon and toward fhs payment of t • indebtedness h•..by secured.
3. In the event there shall 6• filed a bill to jo?ecloa• tkb deed, the plointif
j al~all tmrn•diat.ly and without ne-
etc• b• .retitled to the appointment of a receiu•r for Ih• n?ortpapsd property and !h• rents. •arr+tnps, issues. ineonw
and profits thereof, with the usual power o/ receives in sec cmea, and such rresiv? may 6• continued !A poaas-
sion of said property and of said rents. ~arninga. iatu•s, tncom• and profits of said property dtuinp the pendency of
such (orttlosun suit, and the ltilortgagor hereby specifically Waives the right to obitN to such ap intm•ret
consents that such appointment shall he made as an admitted putty and oa a matter o/ absolub right to the Moet-
gagee. and Without r• erene• to the adequacy or inodequaey o/ the vole. of !h• mortgaged property or to the sol-
vency o? insolvency of the Mortgagor or any other party defendant to such suit.
In the event the ownsnhip of the mortgaged premises, or any part thereof, becomes voted ire a parson other
than eh• Mortgagor, the ~lortgnpe• may. WlthAlit ROtip to eh• MOr1gaQ01. d•nl With suer feces:o. o. sueeuos~. in
inl•r•at With ref
e?ence to this deed and the debt hereby :.cured, in the same manner as with the Mortgagor without
In any way vitiating or discharging the Mortgagor Unbility hereunder or upon the debt h•.•by sawed. No sob o/
eh• premitsi hereby mortgaged and no forbearance on the part of Ih• Mortgage., and no •xtrssiore of llsa time jor
the payment of the debt hereby secured giusn by eh• Mortgages shall operate to release, dbchargt, mode/y, change
or offct the original. liability of the Mortgagor herein either in Whole or tn, port.
S. ~-The lien of this deed secures and shall eontinw to secure payassnt o/ acid indsbt•d?s•ss or ind•bt.dne...,
however evidenced. Whether 6y said promissory note or any renewal or szt•ruion thereof or subslituts th•n./o..
or otherwise, until all such indebtedness :boll have been fully paid.
6. In the event any mo?tgnga or lien shall 6e in de f
Wulf. or should any o/ the sums a•ewed by any rswrt-
gage be in default, or if foreclosure proceedings of any mortgago or any lien of any hind should 6• irestitut•d.
then this mortgage and all ind•bt~dness secured hereby shall immediately become due and payable Without noNcs.
7. That in the es~ent the premises hereby mortgaged. or any part eh.noj, ahnU 6• eoredsmre•d sod tahwt jar
public use under the polder of eminent domain, the Mortgagee, its suensson and assigns, shsU haw llss sight to
demand that all damages awarded for the taping o/ or damages to :aid pnmbsa shall bs paid io ihs Mortgages, !t•
successors or at:i$res. up to the amount then unpaid on fhb mortgage and may b• applied upon else paynsarst ar psy-
m•nfs last pnyabl• hereon.
8. Th• terms "A'lortgagoi' and "Mortgagee" whenever used in this inatrum•nt ahnU tneluds the heirs, p•rsersal
npres•ntntivss, successors and assigns of the respective parties hereto. Wherever used ehs singular number shall
include the plural and the plural the singular, and else use of any gender ahoU ineltsds all p•ndrr.
9. /J the property encumbered by eke tit+sof this mortgage is other tka» a single family home in which eke mortgagor
resides, then, to further secure payment of the indebtedness of eke mortgagor to eke mortgagee, the mortgagor doe hereby
sell, assign, transfer and set over unto the mortgagee aU of the rents, issue and profits of the nwrtgaged premise and this
assignment shall become operative upon any default being- made by eke mortgagor under th. terms of this mortgage or
note secured hereby and shall remain in full force and effect so bog as any default contirsuu to exist in eke making ojany
_ of the payments or to the performance of any of flee covenants of eke mortgage or flee note secured hereby and flee mort-
gagee shall have the right to enter upon eke premises and collect same directly.
f0. If this mortgage is on a condominium unit, mortgagor shall perform aU of eke mortgagor's obligations under eke
Declaration of Condominium, the By-lows, and regulations of the condominium project and constituent documents. Fail-
f ere to comply with the Declaration of Condominium or fnilun to make any maintenance payments o? special assessments
shall 6e a default of this mortgage.
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3 ~tt ~iinrBB ~I~PrPnf, said ~'~'lortgagor has hereunto set........h~,S........hand..., and seal.... the day
end year f
fret aforesaid.
Signed, sealed and delivered in !hs preseneo of : ,
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