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Home My WebLink About0600.~ as an admitted equity and as u matter oj absulute ~~iqht to tl+e Mortgagec. und ~cithout reJerence to the adrquacy or inadequacy oJ the vah~e oJ the mortgaped pro~~erty or to the solvency or insolrency oJ the ~tortgagor or a~:y other party de~endant to such suit. .;. In case ~Ito-•tgagee ar a receiver tnkes possessiu» they t«k~ possc•ssiox oJ. and Jor tJ~ese pur~oses use, any and all persunal property contained in the pre»iises and used by Mortyaqor in fhe rental or leasing thereoj or any pnrt thereof, The expense (including receiver'a ~ees, couriscl Jees, costs a»d agent's compensation) ixcurred peersuant to t)+e powers Iierein contained shaA be securcd )iereby. llortgagee shall (aJter payme~st oJ al! costs a~:d erpereses incurred) appl~ such rents, issues «nd proJits receired G~ it on the indebtedness secured hereby in such order as 1~tortqagee determines. The right tu c~iter a~ui take possession o~ said property. to »ianape and operate the same~ a~nd tu coUect tAr rents, is- si~c~s and profits thereof, u~het)ier b~ a receii~er or otl~r.r~i•is~~, shall Le cumulalii1e to a~~U oti~er riqht or re»iedy hereunder or aJjorded by tau~, and ma~ be exerciscd conr.urrenfly thcreutith or i»d~pendently the,•eof. Atortgagee shall be liable fo accouni only ~or such rents, ixsi~es a»d proJita acfually rPCeii~ed 6y ,liort pa,gee. . 5. In the event the o~t°-tership of ihe »iortgaged premr~es, or a~iy part t)eereof, Lecomes rested in a person otRer titan tae i-ioriguyor, t%er 1i7U7'iyu~~er ntu~r ii ii~~viai iw~t~i iv ~:i~ .~ii-:'i~j::j~t3~ ~:~C.^.: 'w':i~: ~:F:.~: successor or successors in interest ~rith rejerrncc fo this deed and the debf liere6U secured, in tlie same manner as ~vith-the ~ITortgagor tcithoui i» a~i~ u•a~r vitiatin,q or discharging the rturtgapur's liability hereunder or upon the dcbt hereby secured. I~o snlr uf thr prc.mises hereb~ mortyaged a~ul »u forbear- nnce on the pnrt of the Mortgagee, and »u extensio~i oj the timc ~or the paynient oj the deLt leereby sec- ured given by the Mortgagee shall operate to release, dischar_qe, modij>>, change or af/ect the urrginn( Iiability of the llfortgagor herein either in u~hoit ~r in ~art. 6. The lien oj this deed secures a~id shnl! continue to secure payment of said indebtedness or indeb- tednesses, hoivever c~ridented, u~hether by said promissory note or any reneu~nl or extension thereoJ or substitute therefor, or otheru~ise, until aA such i~:debtedness shaU have been fuil~ paid. ~. Ij joreclosure proceedings of any seeond mortgag~ ur any junior lien of ~~ni~ kind ,rl~ould be i»- ~fit:lted, the Afortgagee. its suecessors or assipns, ma~ at its option, im~~zediatety or lherraft~r deelare tliis »iort,qage and the indebtedness secr~red heret-y d:~e and pa~able. S. That in the eve~:f the premises hereby »iortgaged. or any part thereof, shaU be condcn:ncd and taken for public use under the pozc•er oj e»tinent domaru, the Mortgage~, dt~ suc.cessorc and assigns, shal! hare the right tu demand that all damnges a~rnrded for U~e fakmg of or damage.s #o said premises sl~all b~~ ` ~ard to fhe d~ortgagee, its sueeessors or assign~, up to thc aniount theit :~~ipaid on this »iortqagF cnit! moy be ap~lied upon the pay~nc~rtt or pa~t»;cnfc 1~st pa~abJc heremi. 9. The term.,~ "Mortgagor" an~ ~liortgagee" u•henci~cr t~ced in this instrtt»tt-it shall ineludt tlee heirs, perso~ial representatiz~es, successorc and assigns of the respectire parties l,ereto. fl'l~r.rPZ•er used the sin- gular n.umber shall ineludc the plt~ra! and the plural thc si~igular, a~id thc ust of an~ ge~ider shall in- clude ai! genders, IG. I~t thc ~z•ent any ~rior »~ortgaye shall be i~i dciQUlr or ~huuld a.~~~ of ihe sum< <ectu-ed bi~ any prior niortvage be in dofault, then thi~ niorfgag~ and all i~debted~~ess se~ured l~erebi> shall imn~ediately t-e- come due and payable u~ithout notice. 11. The erecidian o~ any mortpage or Iiett ze•hich is iunior or inferior tu fhis mortoagc lie~i shall ca:cse this mortgage and the tndebtedness secured hereLu t~ imn:ediately 6e.cunie duc~ a~id ~uuccble. 12. If thc indebte.dness secured hereby is nuu' or hereaJter frerther secured Lv chaftel inortyagcc. secttrity agreem[~tfs, pledges, contrast~ of guaranty, assignnientc of /euses, or oflter sec,urities, or it tbe premise~ hereb~~ enettmbered consist of r~~or•e than u~~e ~-nrctl. 11t~rtUaUec »ea_y at its option exhaust anu ou~ or murr ~f said securities and the s~cttri~~ heret~>idtr, or ;t~ct pccrctl: t.f the securit~ hereundc•r. eifher co~tcurrently or indepe~idenlly, and in cuct ordF~r a~~ it niay dc~t~rminc. ; rom fhE da.tt hereof. »iakt further adt•ances to 111~rrtyapor,- prot•idcd. I~Uit~(z~Er, thaf th riiicipai ~eeured hereby and remccining unlxiid. shall not at nnu time exceed the maxi~ c:pal sum of_._.__. -------------•-------•-------------------•--------------------------...------------- 1~ollars. cxclusii~c - s. ~o~fs or attor~i~ ~i's fces. Iliort,nagor shall execute and delirer to Diortgagee a nc~t - iitg ~•ac1~ and erery such /t~rtter ad- t•anct zchich 11lortgagee may ma~:e, Dlortgagor ~ all ~u~h Jurther adt:ances zc~th i~iterest, and the same, and each note ei•idencinp the • be ~ecured hereb~. All prori.cio~~s o~ this »iorigagE shall appl f ta eaeh furti~er adz~ e as ta all otlier indebtcdnesc sPCUred hereby. .'~~ot)iing herPi~r con- tai~aea, hvu•ei~er i the a~no:ent se.cured bp this mortgage il such amm~ni is incrensed by ad- i~nnce y lortgagee, ns herein elsc~u•here proz~ided for to protect the security. Thc u•ord "Mort- Iy. Ao delny by ~itortgagee i~: ezereisin_q any rigTtt or rentedy teret~ndcr. or otheru•ice nfforded by la~c, shall uperate as a zcait•er thereof ar precludc fhc ez~rcisc fhereoj dttriny the ruui:nu.n~icc oj any df/ault hereunder. Ao zca~z•er by Atortgngee of an~~ defauit stall conctitute a r~•niz•er o/ or cortsent to sub- sequcmf dejaulfs. I5. Ti'ithout aJfecti»g the liabilit» of Mortgag~ir or a-i~~ oU~er ~~c~:~or~ /excfpt aity )~crso-: ex~>resslt~ released i~t zcrifing) for J~avment of an~~ indcbted~~ess sec~rrcd h~~reLy or ~or ~erfur>riane[ of azi~~ ~ibli,qa- liori co~tfained herein, and zc•ithout af~ecti~tg tlif rrghts of 1lortgrtyee tcitl~ respecf fo aiiy sec•i~rit~ -~ot ex- pressly r~leased i~i ic•riting, Mort,qagee may, af Rny tin~~ and fr~~n~ t~n<< t~~ timc, eiN~er Ltforc or after ih~ ~ r,:atrn~itii ~~f sa~d ~iutc, and irith~n~t >roticf ur ~o~icc•nf: (a) P.el~a~c~ any person liablc !or pnz~rr~e~it oi all or an~~ ~~art of the indcbtc•~!»es~ or i~ir p~ r- , formance oj an~ ubli_qation. (b) ltake an~ ngreeme~rt cxtendi~tg the ti»tc or ofher~!•is~ alferiirg tht tcrm~ ~i,f par~m~~ut oj all or ar~i part of the indehiPdness, or modi(g~ing or z~•ait•inq a~i~~ U~IIilJat1011, o~' ~~~bordinnti~~v. ~nodifying or ofher~cise d~niinq ~e•~rh rhe lien or charge hereof. - (c) Exercise or refrain froni czereisiny or ~rnit•e uny ripht 111ortpagee ma~ hrt2•c. ;, (d ) Accepf additional security aJ any b~~nd. ;, i (e) Release or othertcise deal icith any ~~rope--ty, rcal oi• p~~rsonal, ~eci~riiig thE indebted»c~~. inciuding all or any ~~rt oj thc propert~. mc,rtgaged l~erebii. ~, : . ~ 16. . , ~j , ~'f h!!~)K 349 F~GE ~~