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Home My WebLink About0680 ,>vllc'" c,r po::cies ~id MOR,,;"CAGEE shall 1\3"e the optIon to rece..e A"d apply tne ...~"'" vn Acc':>unt ot the indebtedness secu'r.'~<J herc~y or to permIt saId MORTC....CORS to receive aOld use it or l:.nl p.>rt thereof f.x other pWP-'~ ""ilhout Irereby wAi"",g or ,mpalrong 'my e(jUlt'.., It..n Or right under or by virtue of this MortgAse; And in the event SAId MORTCAGGRS sNiI for any re..son lail to keep the sAId r'emlsc, ~ in\Ured. or Ie,! to deliver promptly Any 01 \Aid policies 01 in.surAr.ce to "'10 MORTCAG~E, or lad promptly to ~y fully any premIum tM,eror, or in any respect lail tv perlo,"" diS<..Nrge, exec"I", eUen. (.omplete. cornp.y w,th and abide by thIS covenant. or Any part hereof, said \o10Rl. GAGEE may p:,ce and pay for such insurance or .ny PArt thereof with,,,,t waivinG or Affectine any )ption. lien, equity, or right l>nder or bl "irtue 01 this Mortgeae, And the full Amount of Mch And e',ery wch pa)'ment SNII be imrr.ed.ately due and payAble a'ld shall beAr inter~st Irom the date thereof until ~l,i;d ..I the rAte of six and six.tHlths p.or C'!l\t j:.<tr Annu", An<..l togethef with such anter'tS.t s""lI ~ secured by t,,"! lien of th,s mortgage. ~. To permit. commit or suffer ne. wAUe, impairment or dete,i:""tion 01 said prC1)erty ~r any par~ thereof. 5. It is hereby sp.:cli.caliy agreed thet any suo 1 or sums which may be loaned or ~dvancl.'d by the Mortgag~ to the ~,1':>rt8,'(pr at "n/ 'ime .liter the recording of this indenturt', together with interest thereon at the rate ;'i'reed upon at the time of slKh loan or adva.xe, ~ha!l ~ equally secured with l~ have the ;a~ne pllority as the origi"",' indebtedneu, and be subject to all the terms and provisioru of this mortgage: PrO\lided, that the aggregate ameunt of prinei!>>1 outsta.lding At any time s~1I not exceed an amount eqUAl to:: one hundred and fil~ per ce.-.t (150%) of the pronclpal amounl origiNlly 5e'::ured hereby. 6. To pav all and singular the costs. CNr,es and expenSM, irv.:ludong a reasonable attorney's fee and ':05ts of abstract of title in, curreJ or paid at any tirre by said MORTGAGEE because or i" the event 01 the failure on the part of the ~id MORTGAGOk to dl,:y, promptly and fully perform, discharge, e"ecute, effect, complete. comply with and abide by e"ch and e"ery the stipulations, agreen,ents, conditions and covenants 01 ~id promissory note And this mortgage any or e;tht'r. and said c~'Sts, charg~ and expenses, each and every, shall be invnediately d"e and payable; whether or not there be notice. demand, attempt to collect or suit pending; and the h:1i amount vi each and ~vt'ry "uch payment SNII be..r i.lterest Irom the datt' thereol until paid at the rMe of six and six-tt'nlhs per centum per anr.um; 1nd all said costs, charg"s and expenses ~ ir.currcd or paid, togE:ther with such onterest, shall be secured by the lien of this mortlago!. 7. That (al in the ev..nt 01 any breach of t~ls Mortgage or default on the part 0f the MO~.TGAGOR, or (bl in the evt'llt .my of said suons of money herein referred to be not promptly And fl.lIy paid within t"irty (30) days n~xt after tht' ~ame .everally become due and pay.ble, without demand Or notice, or (e) in the event eaei: "nd ""ery the stipulations, argeements, condition, and covenants o~ ~id promissory note and this mortg"ge any or either arE: not duly, prompt:y and fully perle-,mOO, discharged, execvteJ. effected. completed complied with And abided by. then in t'ither or a"y such t'vent, the said aggregati! So.Jm mentioned in said p"omissvry note then rerNininl UnpAid. with interest accrued, and all moneys !><<lIrt'd hereby. 'Nil becon"le due and payable forthwith, or thereA~e'. at the option of said MORTGAGEE. AS fully and complet:!ly as if All of the said sums 01 money were originally stipulated to be paid on such day. a:lything in Said2romissory note or in this Mortl!ag~ to the contrary not withstandin.; And thereupon or the.e~It..:' !!! !he option of said MORTGAGEE. without notice or demand, suit at !aw or in equity. may t.e prosecuted as if ",II monies secured hereby had matured prior to its instit-.Jtion. 8. Ttlat in the ev..nt tNt At the beginning of or At any time pending any suit upon this Mortgale, or to foreclose it, or to reform it, or to enforce paym~nt c.i any claims hereunder. said MORTGAGEE shall apoly to the Court having jurisdiction thereof for the appointment of a Recei"t'r. such Court shall forthwith appoint a Receiver. of said m:>rtgaged property all and singul..r. lneludong all and singular the income. profits, issues and revt-nues from whatevt'r source derived. each and evt'ry Ot ~ich, it being t'xpressly understood, is hereby mort. gaged ..5 If spectilically set forth and described in the grantine And habendum clau~ hert'Of. and such Receiver sNII have all the broad And effective lunctions and powers in anywise entrusted by a Court to a Receivt'r. and such appointment shall be made by such Court as an O!dmitted equity And a matter of Absolute right to said MORTGAGEE, 6nd wit!->out reference to the adequacy or inadequacy of the value of the pr~rty mortg:Jged or to the solvency or in~lvency of said MORTG "COR or the defendants, and tNt such rents. profits, incomes. IwJe'> and revenues shall be Applied by .such Receiver accordinll to the lien or t'Quity of said MORTGAGEE and the prilCtice ~ Court. 9. To duly. promptly and fully pe<'form. discharge. exocute, effect. complete comply with And abide by'~aeh And every the stipu- lations, agreements. conditions and covenants in ~id promissory note and in this mortgalle set forth. 10. TNt In the t'\Ient the ownership of the mortgaged prt'mises, or ..ny p.1rt thereof. becomes vested in a person othe, than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may. without notice to the MORTGAGOR. deal with such successor or successors in interest with rt'ference to this mortgage and the debt hereby secured in the ~nle manner as with Mortgagor without in any way vitlatlnfl or discharging the Mortgagor's liability hereunder Or upon the debt hereby secured. No sale of the p.emiSM hereby mortgaged and no fore, bearAr.::e on the part of the MORT('..AGEE or its SUCCt'SSOlS or AUil''lS and no extension of the time for the payment of the debt hereby secured given bv t~ MORTGAGEE or its succ~n or luigns, shall operate to release. discharg~, modify. change or eUect the originAl liability of the MO~TGAGOR hert'in. t'ither in whole or in part. 11. It is specifiCAlly agrt'ed tNt time is of the essence of this contract And that no ......iver or any obliption hereunder Or of the obli,Atlon secured hereby shall At any time thereafter be held to be a waiyt'r of the terms hereof or of the instl'Um8!"t secured herl!by. IN WITNE~S WHEREOi', tt.. said MORTGAGOR has nel"e\a'lto set his hand And sui the day And y.ar first Aforesaid SlpMld. SNIed and delivered In presence of: ~~~/.d[U~SEAlI wr~></M~ Before me pe~l!y appeAred ,Wjll~e__.yt,~~M.aUard. ~. ~...~ .._ h._ __ __ n~ ~_.'__ :.', " '-. ,alld Evelyn Freeman Mallard, .:'."....... .......: ? . ~~~-~. ~~~t~--th..fu~;I~i.~lhl~t~i:..~~ '~I~~ b:~to;: ;~:I t~':"x'~~~~~ sat~ '"7o:Ot': ~i~i.~~~;~\, WIT1'JESS my hand and officiAl _I this,. .7.~ _~ day of__'__' MBJ:CJL__~. on ~ hU ~.. .-----..:i~..: YA...~.' ,;'tl,l l ~ : . '. '. . (./.1 (!)'~ ,.:::' ~ ~~~~~,,;'i::;:',~':" My ~.-:o;. J- l r (q i~' . s n v.'.:.-:, " Q ~ ~ Q 93149 ~NO . RECOROE9 I, ~uib ~OOK I 61 l~nR 15 AM 10: 33 ~ .1" s ~l~l~~ ~~,I.~~t~;. ~~,~rl\ ~ .,.' '. .~J \., ..' ( :... '\ ..- .... .",,'- i' '__J." ~ ~"i.~ .t.J "'. . ." t,..~",. ~ I' . . ~. ~ .:.'.: ':~~,~ 'j,,~.: .- ..' . .:,:~.;:: :Y:\ ::~: 1i.~r\~~.- "', "r.:""'" ':.A'~'';\'''''~' ,_.. . 'OJ ~;. ...... '......~ ..:~~.. ..... . .I,," . I, l ," ..,,, ~.,.1 " J~ ''''-\. " !.. ""h. 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