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202603223 <br />time expressed in the Promissory Note or notes or other obligation or obligations shall not have <br />arrived. <br />12. That it is further understood and agreed that the Mortgagee, its agents or <br />attorneys, shall have the right at all times to inspect and examine any property which may at any <br />time be subject to the lien of the Mortgage, for the purpose of ascertaining whether or not the <br />security given is being lessened, diminished, depleted or impaired, and if such inspection or <br />examination shall disclose, in the judgment of the Mortgagee, that the security given or the <br />property mortgaged is being lessened or impaired, such condition shall be deemed a breach of <br />the covenants of the Mortgage on the part of the Mortgagors. <br />13. In case of default in any of the foregoing covenants, the Mortgagors confer upon <br />the Mortgagee the option of declaring the unpaid balance of said principal note and the interest <br />accrued thereon, together with all sums advanced hereunder, immediately due and payable <br />without notice, and hereby authorize and empower said Mortgagee, its successors and assigns, <br />upon such default to foreclose this mortgage in the manner permitted by law or utilize such other <br />remedies as may then exist at law or equity and out of the moneys arising from any sale of the <br />Property to retain all sums secured hereby, with interest and all legal costs and charges of such <br />foreclosure and the maximum attorney's fee permitted by law, which costs, charges and fees the <br />Mortgagors herein agree to pay. <br />14. That it is expressly agreed by and between the Mortgagor and the Mortgagee that, <br />in the eve-ittsuit 0411 be instituted for the foreclosure of the Mortgage, the Mortgagee, may, at its <br />option and) without,gvttce, apply for the appointment of a receiver for the purpose of taking <br />possession -or tha mortgaged'property pending foreclosure, and with the approval of the court <br />wherein such suit is instituted, such receiver as may be designated by the Mortgagee shall be <br />appointed. All costs in connection with the appointment of a receiver or in connection with the <br />discharge of the duties of the receiver shall be taxed as costs in the suit. <br />15. That it is expressly agreed and understood that in any sale of any of the property <br />at any time subject to the lien of the Mortgage, under the terms of the Mortgage or any of the <br />covenants adopted by reference, the Mortgagee may become the purchaser of the property or any <br />part thereof at any sale made under any of the terms of the Mortgage, or upon foreclosure. <br />16. That to the extent any provision contained in this Mortgage shall be construed by <br />a court of competent jurisdiction to be void or unenforceable, then this Mortgage shall be <br />construed as though such unenforceable provision were not a part hereof. <br />5 <br />