HomeMy WebLinkAbout0376 . 1
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'lb p~?y a11 susci slntulae tl~a coet4 ch~r~ea, enper~ses e?nd ~ttorney's teee rasson~bly lncurred or psW ~t any tlme ~
by the Mort~atee becan~e o! asiy default as to any sUpulatton~ agreement euid covenae~t ot We note and thLt Mortga~e~ or
elther. or 1n any sult or proceecUn~ at lew ar in equlty to which the Mortgagee ahall be autd Decome a party !n refet~ence ~
~ to the Morttagor'~ lnterest !n the premises harein mortgaged, or in auste?lntng the lien or prforlty ot td~ls Mort~aga; the
amaunts oi at~y such costs. cJu?rge~, txp~nses and fees shell also ba deemed s chnrge and iadebtedne~a ~ec~u~ed hereDy
end beer lntereai at the aame rate ss the prlncipal indebtedness. ~
T. In the evant ot et detault in e?ny oi the cavenanta o~ this Mortgage~ Lha Mortgagea b esprasaly ~iven tho tiBhl, (
• whlch msy be exerclsed t?t any ttme durin~ the e~datence oi any default and ~o loaQ ss ~t deLault ahall enlsi, to take poase~- {
don af and hold the premlaca, wlth or wlthout proce~s oi law~ and collect ~nd neeive the renta, Lsues s.nd pmflb ~
thenfrom~ wlth or without taking pasesslon o1 the premtses, and to apply the ranta, i~su~?a e~nd pro~ts to the payment
of expensea, cha:'Bes and nmounb due and paya~ble un3er the provlslons oi the note and thls Mortge~e. The Mortga~or ~
~slgns and lrai?sten unto the Mbrtgsgta the rents, issuea and proflts ot the pr8mises for the purpose utoresa~ld. The iak-
ing of posaession oi the pnmlacs and the collecttan of the renta by the Mortge~gee shall i~n no wsy wsive the rl~ht oi tha ~
Mortgegee to foreclo~e this Mortga~8e berause oi a defaul~
~ Msi the Mortgagee me~y~ st e~ny ilme pending A auft npon thls Moriga~^e~ apply to the Court havinS ~urfsdiction ot
suc1~ sult for the appolntment of a receiver o! all and singular the premlaes e~nd the rents. Lssuea and pro8ts thereoi~ e?nd
t8errupon the ~Court aball iorthwith~ es a atrict mattar ot right in the Mortgagee~ and wlthout consideraUan oi the
vnlue oi the mortgaged premlaes es aecurity tor the ~?mounts due We Mortgagee~ or the solvency ot any peraon or paraons ~
bound for the pnyment of such amounls. tu?d without notice~ appolnt a receiver oi all such premLses with the uaual poweia
and duUes lnduding the pawer to reat tha premises nnd to coUect the rental thereo~ and theretmm, the revenue derived
fmra said premlaes to ba applled to the prnper charges and expens~s attending tha receivership~ taxes an~i as:essmenb I_
and other chsrgea against and fcr the protection oi tht premtyes. the p0.yrrnent of the indebtedness secure~ hereDy, or as ~
the Court me?y otherwL~e direc~
& Ii the premises. or u~y part thereoi. b taken or da,ma~ed under any povrer oi eminent dome~in or otAerwlse. then
. whatevar ns~oneys shall thcnby become due the Mortgagor are hereby ualgned and shsll be paid to Lt~e Mortgsgea~ aho, ~
~ after. deducting all nssonable costs and expenses w~1ch rnay have been lncurred by !t in the coUection thereo~ aball ~ `
t~a~pito ~AnY surpius f s~uch
m
en
ys ov
r aAd
a~the amo tlsfsEtla~~
~e all
l~ndeb edr?ess
hereby ~secured
shall be pald to the Mortgagor. ~ ~
~ 8. The Mortga~ee shall have the rlght at any time and irom ttme to time, emd aithout notice to or cas?sent oi any
~ peraos~, W release any portion of the premiaea irom the llen of this Mortgsge and to extend the time ot payment ot all or
any part oi ihe indebtedness„ without aftectln~ or releasia~ the personal I1abWqr ei any peraon liable tor the payment oi
any sum or interest secured hereby and arlthout !a anywtse nltering~ va~ryina or dtmWshin~ the force. eficct or Ilen o!
this Mortgage on all oi the prrmises not speciIIcally released lrom the lten of thia Mortgage by the Mortgit8ee. r
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TM oo~na~ets b~:~Na oon4aln~d ~Lall bitrd~ ~ad t!w baaflts ~d afi?s~ata~ s3~ari iaas+~ to, t~ r~cttr~ leetr~, ~
t,o~ ~udmWdratan, a~oca~oe~ ~ad ~wd~ns ad t!~ partks 2u~reto. Wt~oaevtr nse~ tbe da~vl+Rr ntmaber sluill ladndt tUt
t~na~te 2ier~eb~r ~
are iande witb~~ to~aad sh~ll eo~ncd~Plto~x~ida ooate~et and
~e~ tRe
Itw?s thereo[. . .
IN VflI1'NES3 W~OF. tbe Mort~asor berein aamed has I~erennto ~et h!s hand uid seal the dq aasd Tp~r II~t
~bave wsittea~
$i~aed, ~ealad aad D~lire:°sd ~ .
!n the Pres~eae ot: .
_ . • ' ~n , ~
~ Michael MCCauley
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- F~i MM~
c~~~uley t~SA~.f .
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