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<br />I <br /> <br />88- 101755 <br />purposes, and such lOOnies, together':J1 interest thereon, at the rate provided <br /> <br />r <br /> <br />in the Note s ,11 becone so much add.... Lional indebtedness hereby secured and nay <br />be included in any d;.;;cree foreclosing this mortgage and be paid out of the <br /> <br />rents or procet.~ of sale of the premises if not otherwise p:tid; Mortgagee need <br /> <br />not inquire into the validity of any lien, encumbrances, or claim in advancing <br /> <br />m:mi.es as above authorized. Nothing herein contained shall be construed as <br /> <br />requiring Mortgagee to advance any monies for any purpose or to do any act <br /> <br />hereunder, and Mortgagee shall not incur- any personal liability because of <br /> <br />anything it nay do or omit to do hereW1.der. <br /> <br />7. In the event of the default by ~rtgagor in the pa.ym:nt of any <br />installnent as required by the obligation set forth herein or in the <br /> <br />j:erformmce of the obligation in thi:'-, rrortgage, M:::lrtgagee shall be entitled to <br /> <br />declare the debt secured hereby due and payable upon thirty (30) days written <br /> <br />mtiee to the Mortgagor. '!be l-Xlrtgagee shall have the right to collect and to <br /> <br />receive the rents, issues, and profits thereof, and "I)p1y the same, less costs <br /> <br />of operation and collection, on the indebtedness secu.~ c..>d by this IOOrtgage; the <br /> <br />rents, issues and profits being hereby assigned to Mortgagee as further <br /> <br />security for the paynent of all indebtedness secured hereby. <br /> <br />8. In the event any suit is begun to foreclose this IOOrtgage, Mortgagee, <br /> <br />its representatives or assigns, shall at once be entitled to the possession of <br /> <br />the premises, and on application therefore, the Court in which such action <br /> <br />shall be brought or any judge of such Court, is hereby autho; '?oed to appoint a <br /> <br />receiver to take possession of the premises, or to collect thE! rents therefrom, <br /> <br />and to do and perfonn such other ac::..s as may be required by Order of the Court <br />itaking the appointnent. <br />9. Mortgagee shall be subrogated. to all of the rights, privileges, <br /> <br />priorities, and equities of any lienholder whose lien :uy have L:.:02n discharged <br /> <br />fran the proceeds of t'he lO,tll or by any funds hereafter paid or furnished by <br /> <br />Mortgagee. <br /> <br />u <br /> <br />L <br /> <br />-1 <br /> <br />L <br />