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76000991
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76000991
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Last modified
7/14/2017 8:39:54 PM
Creation date
9/16/2014 9:42:52 AM
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DEEDS
Inst Number
76000991
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• <br /> I� <br /> Thatin case of failure toperform any of the covenants herein, the Mortgagee may do on the Mortgagors behalf .everything <br /> socovenanted: that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will <br /> repayupon , demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with <br /> 4 • interest thereon at the rate provided in said note shall become, so much additional indebtedness hereby secured and may he in: <br /> chided in tiny decree foreclosing this mortgage and he paid out of the rents or proceeds of sale of said premises .. if not otherwise ; <br /> paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien. encumbrances, or claim in ad . <br /> .. . vancing .moneys as above authorized, but nothing herein containedshallbe construed as requiring the Mortgagee to advance any <br /> moneysforany 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 /> (it ' <br /> In the event of the default by Mortgagor in the payment of any installment , as required hy the Note secured hereby, or <br /> in the performance of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitledto declare the <br /> ta debt secured herebyduo and payable without notice, and the Mortgagee shall be entitled at its option, without notice, either by itself <br /> t. or by a receiver to be appointed by the court thereof, and without regard to the adequacy of any security for the indebtedness se- +,' <br /> i- - cured hereby, to enter upon and take poskession' of the mortgaged premises, and to collect and receive the rents. issuesandprofits 1r <br /> thereof, .nnd apply-. the same .less costs of operation and collection, upon the indebtedness secured bythis mortgage: aid renS, <br /> .. issues and profits being hereby assigned to the Mortgagee as further security for the payment of all indebtedness secured - hereby. <br /> The Mortgageeshall have the power to appoint any agent or agents it maydesire for the purpose of repairing,. said prem. <br /> ises; . renting - the . same: collecting : the rents, revenues and income, and it may pay out of said income all expenses incurred in rent. <br /> P ingand managing the same and of collecting the rentals therefrom. The balance remaining, if any. shall be applied toward the <br /> discharge , of the. mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage. <br /> t <br /> 11,1 <br /> C` gl , <br /> a rd <br /> : � c\ <br /> V mm in r rnQ <br /> " z _ Q IC ($ <br /> o: O v -- gni `a O <br /> - o <br /> � w m m <br /> rel <br /> rt : <br /> r : y r im• it <br /> : �► <br /> o f on . <br /> - � <br /> ( k <br /> t �.._l <br /> f_� <br />
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