HomeMy WebLinkAbout0939 s
• , _ -
~ i
indebtedness hereby secured, or to permit the Mortgagor to i
receive and use it or any part thereof for any other ~
purposes, without thereby waiving or impairing any equity ,
lien or right under or by virtue of this deed, and the
Mortgagee may place and pny for such i~surance or any part
~ thereof without waiving or affecting the option to
foreclose, or any right hereunder, and each and every such
payment shall be due fram the Mortgagor on demand ancl shall .
bear interest from the date of payment at t~he rate o~ 12 ~
per centum per annum.
(f) To keep the mortgaged property at all times in good
order and repair, and to permit, oommit or suffer no waste,
impairment or deterioration of said property or any parC ~
thereof.
(g ) To perforra, comply with and abide by each and every the
stipulations, agreements, conditions and covenants in said
~ promissory note or notes and in this deed set forth.
(h) That if any of said sums of money herein referred to be
not promptly and fully paid within 15 days next after
the same severally become due and pay-
abTe, or if each and ,
every stipulations, agreements, conditions and covenants of ~
said promissory note or notes and this deed, or either, are
not fully performed, complied with and abided by, or if all ~
or any part of the property or an interest therein is sold ~
' or transferred without Mortgagee's prior written consent, ~
the said aggregate sum secured by this mortgage shall
I become due -and payable forthwith or thereafter at the ~
j option of the Mortgagee as fully and completely as if the
said aggregate sum was originally stipulated to be paid on '
such day, anything in said promissory note or notes or
herein to the contrary notwithstanding. ~
! (i) That in order to accelerate the maturity of the ~
I indebtedness hereby secured, because of the failure of the j
Mortgagor to pay any tax, assessment, liability, obligation
or. encumbrance upon said property, as herein provided, it s
i shall not be necessary nor requisite that the Mortgagee #
f shall first pay the same. ;
2. The lien hereof shall extend to and include the use, -
f
; rents and profits of said mortgaged property, but the Mortgagor
! shall have the right to remain in possession, enjoy the use, and
~ receive the rents and profits thereof, without accounting to the -
~ Mortgagee therefor, so long as th~re shall be no default here-
under, provided that in the event of any such default hereunder
for a period of 15 days, the Mortgagee shall be entitled
. ~
rt and to =
'on d use of said mort a ed ro e ,
to the ssessi an g g p P Y
P~
receive and apply the net rents and profits thereof, upon and ~
toward the payment of the indebtedness hereby secured.
3. In the event there shall be filed a compl,aint to
foreclose this deed, the plaintiff shall immediately and without ~
notice be entitled to the appointment of a receiver for the i
mortgaged property and the rents, earnings, issues, income and ,
profits thereof, with the usual power of receivers in such
cases, and such receiver may be oontinued in possession of said
property and of said rents, earnings, issues, income and profits
of said property during the pendency of such foreclosure suit,
and the Mortgagor hereby specifically waives the right to object
to such appointment and consents that such appointment shall be
made as an admitted equity and as a matter of absolute right to
the Mortgagee, and without reference to the adequacy or adequacy
of the value of the mortgaged property or to the solve~cy or
insolvency of the Mortgagor or any other party defendant to such
suit.
~
i
~
arroK 391 ~~cf ~9 ~