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<br />Satisfaction of Mortgage
<br />9. When all sumr~.'secured hereby have been paid in full, the
<br />lien created hereby shall cease and become void, and Mortgagee
<br />shall cause a satisfaction of mortgage to be entered of record stating
<br />that all sums secured hereby have been fully paid, satisfied,-and-
<br />discharged, and that said property has been released from the lien
<br />of this Mortgage. At such time, Mortgagee shall also cancel the
<br />note secured hereby and shall return this Mortgage and said note
<br />to the Mortgagor.
<br />Assignment of Rents
<br />10. That as additional security, Mortgagor hereby gives to
<br />and confers upon Mortgagee the right, power, authority, during
<br />the continuance of this Mortgage, to collect the rents, issues, and
<br />profits of said property, reserving unto the Mortgagor the right,
<br />prior to any default by Mortgagor in payment of any indebtedness
<br />secured hereby or in the performance of any agreement hereunder, to
<br />collect and retain such rents, issues, and profits as they become
<br />dr;~e and payable. Upon any such default, Mortgagee may at any time
<br />without notice, eitY.er in person, or by a receiver to be appointed
<br />by a court, and without regard to the adequacy of any security for
<br />the indebtedness hereby secured, enter upon and take possession of
<br />said property or any part thereof, in his own name sue for or
<br />otherwise collect such rents, issues, and profits, including those
<br />past due and unpaid, and apply the same, less costs and expenses
<br />of operation and collection, including reasonable attorney's fees,
<br />upon any indebtedness secured hereby, and in such order as
<br />Mortgagee may determine. The entering upon and taking possession
<br />of said property, the collection of such rents, issues, and profits
<br />and the application thereof as aforesaid, shall not cure or waive
<br />any default or Notice of Default hereunder or invalidate any act
<br />done pursuant to such notice.
<br />Default and Foreclosure
<br />11. That upon default by Mortgagor in payment of any indebt-
<br />edness secured hereby or in performance of any agreement hereunder,
<br />Mortgagee may declare all sums secured heresbv immmediately. d,~;e -„nd
<br />payable by instituting legal proceedings far judicial 1`oreolosure
<br />of this s•,ortgaga, in whic'li case the net proceeds from the sale
<br />under the direction and decree of a court of competent jurisdiction
<br />shall be applied to the indebtedness secured hereby.
<br />As an alternative to court foreclosure, upon such default,
<br />Mortgagee may declare all scans secured hereby immediately due
<br />and payable by recording a written Notice of Default. After the
<br />lapse of such time as may then be required by law fallowing the retar-
<br />dation of said Notice of Default, and Notice of Sale having been
<br />given as then required by law, Mortgagee, without demand upon
<br />Mortgagor, shall sell said property at the time and place fixed by
<br />it in said Notice of Sale, either as a whole or in separate parcels,
<br />in such order as Mortgagee may determine, at public auction to the
<br />highest bidder far cash in lawful money of the United States, payable
<br />at time of sale. Mortgagee may postpone sale of all ar any portion
<br />of said property by public announcement at the time fixed by the
<br />preceding postponement. Mortgagee shall deliver to such purchaser
<br />a deed conveying the property sa sold, but without any conversant
<br />or warranty, express or implied. 'P he recitals in such deed of any
<br />matters ar foots sna11 be conclusive proof of "the truthfulness thereof.
<br />Any person, including the Mortgagor or Mortgagee, may purchase at
<br />such sale. After deducting all costs, foes, and expenses of Mortgagee,
<br />in connection with such sale, Mortgagee shall apply the proceeds
<br />of the sale to payment of the following: all sums expended under
<br />the terms hereof, not then repaid, with accrued interest at the
<br />amount allowed by law in effect at the date hereof; all other sumo
<br />then secured hereby; and the remainder, if any, to the person or
<br />persons legally entitled thereto.
<br />Inurement
<br />12. That this Mortgage, applies to, inures to the benefit o[,
<br />and binds a21 parties hereto, their heirs, legatees, devisee,
<br />administrators, executors, successors, and assiq_ns. [n this
<br />Mortgage, when<>_vt3r the context sa *.'equires, flee mase:ut.ine includes
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