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Home My WebLink About1923 ir.. interast witil referarice ~o ttiis mo~~~age and tlie debt hereby ~ecurad ~ in ~he aame mai~ner a~ with the Mor~g~gor, Rnd may forbear to su~ or~may extend ~ime for p~,yment of ttie deb~, secured herebS~, withou~ discharg~ ing or in any way aifecting tiie liability of tiZe Mortgagor horeunder or upon the deb~ hereby secured; o ~~t,~+- i-{.,,o ~ a .,f thra r~aeran~n hnranf nnri ~ f t~afnt~lt ha mA~A in _ perfoi~manco of any covenant herein can~ained or in making any pay- ment under said note oi~ obli~ration or any ex~ension or renewal thereof, or if proceedings be instituted to enforce any other lien or charge upon any of sa~.d property, or upon the fil3ng of a proceedin~ in bankruptey by or agAingt the Mortga~or, or if t~ie t~Iort~agor shall make an assign- ment for tl~e benefit of his creditc.~rs or if his property ~e placed un- der the control of or in oustody of any court, or if the Mortgagor abandon any of said ~roperty, then and in an,y of said events, t;he Mort~ gagee is hereby authorized and err~powered, at its option and without affectin~ the lien her~by created or trie priority of said lien or any right of the Mortgagse heraunder, to doclare without notice, all sum$ secured tisreby immediately due and payable, w'riether or not such default be remedied by Mortgagor, and apply toward the payment of said mortgage indebtedness any indebtedness of the iiortgagee to the I~Sortgagor, and sail iior~g~~ae may also immediately pruceed to f oreclose this mortgage, an~i in any foreclosure a salo may be made of the premises en masse with- out ofi'ering the several parts separately; 10. That the hiortgages may employ counsal for advice or othsr le~al ocv~v~nc g~-, t;M:° I~^X'~~8~~9 ~ 8 ~i SGrgf i pn ~ i~ r~nnRCti nr~ W~t:~1 any disnui,e 88 V V+ Y V v to the debt harsby secured or the lien of fihis Instrument, or any lit- igation to which the ;~ortgagee may be made a party on account of ~his lien or which may af~fect tne title to the prop erty securing the indebt- edness hereby secured or which may affect said debt or lien and ~:ny reasonable attorney's fees so incurred shall be added to and be a part of the debt hereby sectared. Any costs and e~cpenses reasonably incurred in tt:e foreclosure of this ~r~ort~aKe and -sale of the property secur~ing the same an3 in connection with any ot.hep~dispute or litigation affecting said ~ebt ~r li~n, including roasonaY~ly estimated amounts to conclude the transaction, shall be added to and be a p~rt of the debt hereby secured. A11 such amounts shall be payable b~~ the i~fortgagor ~o the riortgagee on demand, and if not paid shall be included in any decrse or Jud~ment as a part of sQid mortgage debt and shall include in~erest at the hi~hest contract rate, or if no~ such contract rate then at the legal rate. 11. In case the mortga~ed property, or any part thereof, shall be takan by con~±emnation, the l~ort~~gee i.s~herebv empowered to collect and receive all compensation which may ~e paid for any property taken or for dair.ages to any property not taken, and all conder~niation com~ pensation so received shall be forthwith applied by the Mortgagee as it may elect, to the imme diate reduction of the indebtedness secured hereby, or to the repair and restoration of' any property so damaged, provided t~~at any excess ..aver tha amount af the indebtadness shall be ~livered to ths hiortgagor or his a9signoe. - i E 12. Al1 easements, rents, issues and profits of said premises'are E pledge3, assigned and transferred to the Mortgagee, whether now due or hereafter to become due, under or 'Qy virtue of any lease or agreement s.~ for the use or_occupancy of said property; or any part theraof, whether E said lease or agreement is written or verbal, an d it is the intention ~ hereof (a) to pledge said rents, issues and profit~ on a parity with said real estate.and not secondarily and such pledge shall not be dsenied merged in any forqclosure decree, and (b) to es~ablish an absolute transfer and assignment to the P~iortgagee of all such ].e ases and agree- ments and all the avails ther~under, together with the right in case of default, either before or after fo reclosure sale, to enter upon and take possession of, mana~te, main~ain and operate said premises, or an9 part tnereof, riake leases for terms deemed advantageous to it, terminate or modify existing or future le ases, collect said aveils, rents, issues and profits, regardless of whan earned, and use such measures whether le gal or equitable as it ma9 deem proper to enforce collection thereof, - employ aenting agent9 or other employees, alter or repair said pr emises, - buy f~rnishin~s and equipment therefor wher. it deems necessary, pur- ~ chase adequate fire and extanded coverage and other forms of insurance ; as may be deemed advisable, and in general exercise ell powsrs ordinarilg = incident to absolute ownership, advanco or borrow money necessQry for any ~ ~ f t 80nK.l.e~~ . ~ .L ~ , €