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<br /> � 98- �as21.s
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<br /> Scction 3.2 Upon the occur►tince of any def�ult hcreundex� Mortg�gee may at ita option And
<br /> wlthout notice,declare the whole of the principd remaining unp�id an the Notes,
<br /> all accnia! interest thereon, and other a�mounts due under eny of the Loan
<br /> Documeen�. immediauly due�nd payable and the Martgagee may at ite opdan
<br /> imatituoe grQCt�dings for the call�ti�at law oc �d�othcr l.ran.Dv+�aed�s.
<br /> urider the gravisia�of Rb�e Notes�thes�Mc�kgage
<br /> Soction 3.3 Upon the axurrence of any defauh her�euunder,Mort$�8'ee ma�r i�a�edi�t,ol�r c�se
<br /> this Mortg�gc to be foreciased in tDoc mamLer p a��a�+1GSt eat�nt
<br /> co�mm�ncemeat of foreclosure procoedin,gs, Mort��8
<br /> perniitted by law,be entitlod to have a receiver app�ointod whether the Colleteral
<br /> be homestead or not and witbout proof o# any grounds for sucb receiver's
<br />= appointment other thea suid default with s��ch rooelver to take posseasion tud
<br /> charge of the CoAater�l during thc�e�dr�cY o8�a�d foroelosure proceedin8s and
<br /> - dut'inB �Y Ptn�P�ccnitted for redtn�pt�an or stay of proceedinga,to rent thc
<br /> � � .s�r.rie ard W c+eceiva and �colloct the rents, is$aes and profits thcrcaf� under
<br /> dii�ection of the couct'xnc� anY amount so colleeted by sucb receiver shall be
<br /> � � applied undcr cliraction of the court upon the costs and expenses of rec�ivership, _
<br /> . expenses of insuruxx on the Collatcrcal► �xpenaes of managemeni, �i� :�
<br /> ' mai�tenance� taxes, assessmcnts and on ail indebtadn�ss secund by thia ,
<br /> Ivlqrtgage. Mortgagx shall have tl�e right w bid at any foreci�sure sale� and w
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<br /> obts�in a judgnnent in te�pect tv any deficicncy. ivi�ri�ugua u�iv�;s u.,....�._..- _-
<br /> foreclosurc procealings w paY such reasonable attomeys' foes as are authozizod
<br /> by law, wgether with the cost Qf extending the abstract, title ceport and all court
<br /> ' costs, � . �
<br /> Section 3.4 Upon tha accurnence of a default hareunder, Mortgagoe sh��bc tblly"sut�xori�d'. �
<br /> to: _ • � � .
<br /> � � (a) make or Woe actlon ln such manner and,�to such extent as Mortgdgee may
<br /> �� . dam necessacY to Protect tb�e sxurity hcrec���Mortgagee baing Authorized
<br /> to�ncer upon and take possession of th�Coll�teral'o�ar�y pact theroof for
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<br /> such puiposes; �.
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<br /> �� commence, appear in and/or defend any acrion or pracading pwrportin8 . �
<br /> _ to affxt the securiry provided by this Mortgag� or the�other Loan�: ,..' .,
<br /> Docum�ents end/or any additioaal or other seeuriry thenfar�, or the'., •
<br /> ` interests, rights, powers and/or dutles of Mortgag��hereunder'wt�ther
<br /> � brought by or against Mortgagor or Mortgagee; or ,�•'.,
<br /> , (c) pay, purchase, contrst or compmtnise any clairn, debt, lien, charge or .;;.
<br /> i encumbraace which in the judgment o£'Mortgagee may a�fect or appear •
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<br /> � SUPf�MHNTA[.l1RAN�ISL�NDMORlY)A08 22 � ; •�,.� �_
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