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85001170
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Last modified
10/17/2011 5:06:03 PM
Creation date
4/1/2008 3:59:51 PM
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DEEDS
Inst Number
85001170
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85- 001170 <br />(3) Second Party, in person, by agent or by judicially <br />(- appointed receiver, shall be entitled to enter upon, take posses- <br />! Sion of an manage the property and collect the rents, including <br />those past due. All rents so collected shall be applied first to <br />the costs of management of the property and collection of rents, <br />and then to the sums secured by this Mortgage and Security Agree- <br />ment. Second Party shall be liable to account only for those <br />rents actually received. <br />No remedy herein conferred upon or reserved to Second Party <br />is intended to be exclusive of any other remedy, but every remedy <br />herein provided shall be cumulative, and shall be in addition to <br />every other remedy given hereunder, or now or hereafter existing <br />at law or in equity, or by statute; and every power and remedy <br />given by this Mortgage and Security Agreement to Second Party may <br />be exercised from time to time and as often as may be deemed <br />expedient. No delay or omission by Second Party to exercise any <br />right or power arising from any default shall impair any such <br />right or power or shall be construed to be a waiver of any <br />default or an acquiescence therein. In case Second Party shall <br />have proceeded to enforce any right under this Mortgage by fore- <br />closure, entry or otherwise, and such proceedings shall have been <br />discontinued or abandoned because of waiver or for any other rea- <br />son, or shall have been determined adversely, then, and in such <br />and every such case, First Party and Second Party shall severally <br />and respectively be restored to their former positions and rights <br />hereunder in respect of the Mortgaged Property, and all rights, <br />remedies and power of Second Party shall continue as though no <br />such proceedings had been taken. <br />Should the Second Party, or its successors or assigns, be <br />made defendant in any suit involving the title to any of the pro- <br />perties hereby conveyed, or involving the validity or priority of <br />the lien of this Mortgage and Security Agreement, then it is <br />agreed that in every such case an attorney's fee in a reasonable <br />amount shall be fixed by the court in which said suit may be <br />pending, and may be adjudged in favor of the attorney or attor- <br />neys of record representing the said party therein, which fee <br />shall be adjudged against the First Party, on motion made therein <br />therefor as a part of the costs of such proceedings, and that <br />such reasonable costs and expenses of the said <br />be fixed and adjudged as costs therein by the c party shall also <br />ourt, and it is <br />agreed that all such fees, costs and expenses of every such pro- <br />ceeding shall be adjudged against said First Party, and when so <br />adjudged shall be secured by this Mortgage and Security Agree- <br />ment. <br />This Mortgage and Security Agreement and all provisions <br />hereof shall extend to and be binding upon First Party and all <br />Parties claiming by, through or under First Party. <br />-9- <br />a <br />7 <br />
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