76000173 - Laserfiche WebLink

Browse

,4� :;i- u. H vlpio‘ p . d r r " „ , • • I de• • i f 3 - - . ' ePa .,m3ra 'dR3141•MterA "'.""'ut• n,•SO#1.1107.1.0t • ..:.: _ That in case of failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's ' hehalf everything so covenanted: . that the :Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will _« • e - repay upon demand. any moneys paid or disbursed by the Mortgagee for any of the above purposes. and such moneys together with interest thereon at the rate ..provided'in : said - note : shall become so much additional indebtedness hereby secured and may be in eluded in any decree foreclosing this mortgage and be paid out of the rents. or. _proceeds of sale of• said. prernises • if nottotherwise ` paid; that it shall not beobligatoryupon the Mortgagee to inquire into the validity of any lien, encumbrances. or claim in ad- vancing-rtot-s . art above authorized, but nothing hereincontained shall be .construed as requiring the Mortgagee to advance any moneys- for, any. such rpurpose nor . to do any act hereunder; and that Mortgagee shall not ' incur any personal liability because of any- thing it may door. omit to do hereunder. . ,: . In the event of the default by Mortgagor in the payment of any installment , as required " by the Note secured hereby, or . in the performance of the . obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to hectare the debtsecured hereby due andpayable without notice, and the Mortgagee shall be entitled at its option , without notice, either by itself- - or bya receiver 16 be appointed by the court thereof, and without regard to the adequacy of any security for the indebtedness se- cured hereby, to enter upon and takepos3eision of the mortgaged premises, and to collect and receive the rents,' issues and profits thereof, and apply the_ same. less costs of operation and collection , . upon the indebtedness secured by this mortgage; . sairl resits, , issues and profits being I ereby-amigned to the Mortgagee as further security for the payment of alt indebtedness secured. hereby.r . The Mortgageeshallhave the power to appoint any agent or agents it may desire for the purpose of repairing . _said prem _ ises; renting the same; collecting the rents, revenues and income , and it may pay out of said income all expenses incurred in rent- _ - . ing and managingthe same and of collecting the rentals therefrom. The balance remaining. if any. shall be applied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.- '., - _ . - . Y •I 1114 m 4141 C _ : I. .rt _ .� v \ y tJ 1 . L•-•- 3 . :tib t. < '_ 5s _ _ > . �i :, >.. ... L. .. -.. . . - d h 1 r : < �t f . fit iz t , L . r