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76000442
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76000442
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Last modified
7/14/2017 4:38:39 PM
Creation date
9/16/2014 9:41:36 AM
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DEEDS
Inst Number
76000442
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otwassipe <br /> • � • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> t <br /> f WNAWp1.9**0e'vustt H.RVRAW 94ryyl`RYMRtvAV4Y - <br /> 1nvealts •- . <br /> . .. <br /> t • That in case of failure to perform any of the covenants herein, the Mortgagee `may do on the Mortgagor's behalf everything •, <br /> , ; so covenanted; that tho Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will ' <br /> repay upon demandany moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with ' • <br /> interest thereon at the rate provided in said note shall become so much additional indebtedness hereby secured end may be in- <br /> eluded in any decree foreclosing this mortgageand be paid out ofthe rents or proceeds of sale of said premises if not otherwise <br /> paid; that it shall 'not be obligatory uponstile . Mortgagee toinquire into the validity of any lien, encumbrances, or claim in ad- <br /> " vancingmoneys as above authorized, but nothing herein contained shall be construed as requiring the Mortgageeto advanceany <br /> if moneys for any such purpose:nor to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any <br /> thing it may do or omit to do hereunder. <br /> - In the event of the default by Mortgagor in the payment of any installment, as required by the Note secured hereby, of . <br /> 1.• • in the performance of the obligation in this mortgage or in the note secured thereby; the Mortgagee ' shall be entitled to declare the . ' <br /> debt secured herebydue and payable, without notice, and the Mortgagee shall be entitled at its option, without notice. either by itself <br /> or by a receiver to be appointed by the court thereof. and without regard to the adequacy of any security Zr:othe indebtedness se- • <br /> cured hereby, to enter upon and take pos'session' of the mortgaged premises, and to collect and receive the rents, issues and . profiti• <br /> t i • thereof, and apply the same, less costs of operation and collection, upon the indebtedness - secured by this mortgage; said rents, ' <br /> issues and profits being hereby assigned' to the Mortgagee as further security dor the payment of all indebtedness secured hereby. <br /> .... The Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premc <br /> ism; renting the same; collecting the rents„ revenues and income, and it may pay out of said income all expenses incurred in rent- <br /> 11; - ing and managing the : same - and of collecting the rentals therefrom. . The balance remaining, if any, shall be applied toward '. the <br /> r" discharge ofthe mortgage indebtedness. This assignment is to terminate and become null and void upon releaseof this mortgage. <br /> 11 <br /> k . <br /> • <br /> r L,te <br /> n' V. <br /> n:• <br /> GI <br /> X4 ev p <br /> • Cl ^ fi � <br /> x o . . <br /> Mbikr:rd . O d � <br /> • <br /> • <br /> t c <br /> • <br /> a. <br /> • <br /> • <br /> _ ...J <br /> • <br /> N�; <br /> .. ..o. <br /> • <br /> •• e _ _ <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> ti ' • <br /> • <br /> • <br />• <br />
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