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purpos~ harein s~at;ed to socure which a l~en is hereby created on ~ho' i
mortgaged premises and on the iricome thorefrom wh~ch lien is prior~ ~o ~
the lien of any ottic~r indebtednass hereby secuz~ed, and ~ut of tho tncome ~
retain rea?sonsble~c~mpensotion for itself, pay insurance premiums, taxes ;
and assossment.s, and a11 ea~~enses of every kind, including attorney~g ~
feea, incurred in the e~cercise of' the ~;owers herein given and from time
to time apply any balance af income not, in its eole discretion, needed
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~~r Liie aioreaaid P61Z'jJ0388~ l.lI•sL on ciie li]1,6I•esL ana Lrien on Liie prxncapt~.~ -
of the indebtedness hereby secured, bei'ore or after any decree of Sare~-
closure, and on the deficiency in the proceeds of sale, if any, wllether
there be a decree in ~ersonam therefor or not. 4Jhsnever all of the in-
debtedness secured hereby is paid, ~nd the Mortgagee, ir~ its sole dia-
cretion, feels that there is no substantial uncorrected default in per~~,
formance of t:~e Mortgagor~ s Qgreements herein, the riortgagee, on satis-- -
factory evidence thereof,s hall relinq;~ish possession and pay to t~ort~agor
any surplus income in its hands. The possession of Mortgagee may cont3nue ~
until All indebtedness secured hereby is p~.id in full or until the de-
livery of a Maater~s Deed or Special Commissioner's Deed pursuan~ to a ~
decrae foreclosin~ th~ lien hereof, but if no deed be issued, then until F
the expiration of the statu~ory period during which it :nay be issued.
Mor~gegee shall, however, have tlie discretionary po~rer at an,y time to
refuse to talce or to abandon possession of said preniises without afi'ect- ~
ing tlie lien hereof~, Mortga~ee ahall tiave all powers, if any, which it 4
mi~~~~ have had without tliis para~raph. No suit shall be sustainable ~
against Mort~agee based upon acts or omissions relating tn the subject ~
matter of ~his paragraph unle ss com~r,enced within sihty days after -i~iort-
gagee's possession ceases. ~
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13. That each ri~ht, power and r~emedy herein conferred upon the ~
Mortgagee is cumulative af every other right or remedy of the Mortgagae,
whether herein or by law conferred, and may be enforced eoncurrently ~
therewith, that no waiver by the t~Iortgagee of performance of any cov- ~
enant herein or in said obligation contained shall thereafter in any .
matter affect the ri~ht of the riort~a~Zee to require or enforce perfor- ~
r. f~ r~ ~ ? n n t~ • n} t.r o o~ra r t~'1 A r n n..
nar,~d o~ ~+11V jClj~jp or sr.y ~tr~ar ~f saiu c~s~r~ant~, .,h r . :
text hereof requires, the masculine gendar, as used herein, shall include ;
the feininine and the neuter and the sin~ular number, as used herein, sha11 `
inclu~;e the plural; that all rights and obligations under this mortgage i
shall ex}and to and ba binding upon the respective heirs, executors, ~
administretor~, succes~ors and assi~ns of trie Mortgagor, and the 4uc- ~
cessors and assi~ns of the titortga~ee; and that the powers lierain mentioned
may be exercised as often as occasion ttierefor arises. ~
IAT ti~ITN:~SS 4lHERLOF, we have hereunto set our hands and seals, this ~
day of ,A. D. 19 . ~
Signed, ssaled and delivered in tiie ~
presence of: ~
( S~AL) ~
'
( SEAL)
,;_.,~?~,;i~; ~ S~°L~ ) ~
. " -,~lr V•~ • ~
~ '.f~~ ~lj.~~ii ' ` . ( ~~t~~ J )
`t';;•:'~-_ .r 1~1T ~ I~dt~:~ai;5 ?r10t~TG':GORS ~
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s ~S`~k~'E~-:a~.:'~'~~:t3 ~A ) ~
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- Cf~~3A~`"~~C: f3~!;: S~'~.;~EUCZE ) ~ :
. ~
,•~,$~~5r~~1~~`` pe~rsonally appeared 1
- to nle well known and known to
me to~: e~the individual described in and who executed the foregoing in-
strument, and acknowled~ed before me that ~executed same fer tlie
purposes therein-expressed.
I~JITNESS my hand and. of f icia 1 seal this day of ,19 •
~ 0'K ,
Ft Notary Public in an~d for the County
1N and State Aforesai .
' ~ . `Q P~y commission expires:
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P0~ ~ ~"`O~NTY. - :
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R~ S~ ~~U C~~ C
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