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Home My WebLink About2056 ib~i '15 PACEB06 ,)VI ICy or poliCi" ~id MORTGAGEE w!1 NYe the option to receive and awl) tne w,no: m KC>un1 ot the Indebtedl-eu ~ured nereby or to permit ~id MORTGAGORS to recei_ .nd usa It or ant p.rt thenof f,)f vl'lef fIU'pows without thereby waivint or i~irint any equity. lien or ri8ht yncI,r or by virtue of this Mort....; and In the event said MORTGAGORS shill for any reason fail to k"9 the ~id premises 10 insured. ur tail to deliver promptly ...., of said policies of I_~ to ~3id MORTGAGEE. or fail promptly to pay fully ...., premium the...for. or in any respect fall to perform. dlsche,... execute. .tt.c:t. cxx;npIete. comply with and .bide by this covenant. or .,., part henof. said MORT, GAGEE may pIKe and pay for weh Insurance-or wr'I'I part thereof without waivin, 01 .ffectln. any option. lien. equity. or ri,ht under or by virtue of this Mon"f.' and the full amount of Met. and every suctl p.yment shall be i~ately due and payable .nd shill bNr inter"t from the dAtil thereo until paid at the r." of six __...... pel cent pet' erv\lJm .nd totet'*' with such int.....t shill be secured by tM lien of this mort..... .. 4, To pIliiiit. commit or suffer QO _te. Imc*rment or det.rioration of ~Id property or any part thereof. 5. It is hereby spKifiully a,reed tNt any sum or sums wtUch may be Jo.ned or advanced by the Morta.,ee to the Mortlaaor at any time after the recordin, of this indenture. toa.ther with In"rest t....,eon at the r.tc IIlreed upon at the time of such loan or advance. shall be equally secured with .nd have the ~me priority as the orillNI Indebtedness. and be subject to all the terms .nd provisions of this mort.ale; Pl'O'iided, tNt the a..relate ~t of princlP.1 outstandlna .t .ny time shill not exceed an .mount equal to one hundred and fifty oar cent 11 50 'WI) of the principal amount orialNl1y secured hereby, 6. - To pay .11 and sincular the COlts. charaes .nd expenteS. Includinc . rusor..ble .ttorney's fee .nd costs of absttKt of title in- curred or paid .t ...., time by said ~TCA.GEE ~ or In the event of the failure on the part of the said MORTGAGOR to duly. promptly and fully perform. dlscharae. .xecute. ett.c:t. coriIpIet.. comply with .nd abide by MCh and every the stipulationl. .i'e<<nen.... conditioN MId covenants of said promiSSOfY note and this rnortpIe any or elth.r. od said COlts. cha,... and expenses. MCh and every. shall be immediately due .nd payable; whet'*' or not there be notice. demand. .ttempt to collect or suit pendin,; and the full amount of each and fNery such payment shall bear interest from the date thereof until paid at the r." of six __-iIII1hrpet' centum pet' annum; and .11 said costs. CNrl" and expenses 10 incurred or paid. toaether with such In"rest. shill be MCUrecr liY-ffienen- of this mortpa.. 7. That (.) In the event of any breach of this Mortp.. or default on the part of the MORTGAGOR. or (b) In the event any of said sum6 of I!lClntY bereln referred to be not promptly arid fully paid within thirty (30) days next .fter the ~me severally become due .nd p.yable. without denYnd or notice. or (d In-!he event uch and evecy the rtIDUI.tlons. ara~h. conditions and covenants of said promiSSOfY note and this mort..l. any or either ....not duly. promptly .nd fully performed. d"lSChar.ed. executed. effected. completed complied with and abidN by. then In either or .ny weh event, the said aga,...te sum mentioned In said promiSSOfY note then _Inln. unpaid, with In..rest accrued. and .11 ~urec:l ,*,eby. shill become due' and payable forthwith. or thereafter. .t the option of said t.1QR.TC,-.cEE. as fully and completelY as If .11 of the said sums of money __ ortllnally stipulated to be paid on such day. .nythln& In said promissory note or In this Mortptti to the contrary not wlthstandinc; .nd thereupon or ther..lter .t the option of said MORTGAGEE. without notice or demand. suit at law or in equity, may be prosecuted as If .11 monies secured hereby Nd n..lured prior to Its institution, 8. That In the event that at the bellMln. of or .t any'tlme pendinc any suit upon this Mort..... or to foreclose It, or to ...fonn it. or to enforce payment of any claims hereunder. said MORTGAGEE shall apply to the Court havinl jurlSt'iction thereof for the .ppoIntmct'lt of . Receiver. such Court shall forthwith appoint a Receiver. of said mort..aed property all and sin.u~r, Includi", all and slnaular the income. profits. issues and revenues from whatever source derived. ~ch and every of which. it bel", expressly understood. Is hereby mort' ..ged a$ If spectjfically set forth and described In the arantln, and ~bendum c1.uses ~reof. and such Receiver shall have .11 the broed ~nd ~ffective functions and powers In anywise entrusted by . Court to . Ri:Ceiver. and such appointment shall be made by such Court as an Mirnltted equity .nd . matter of absolute rlaht to said MORTGAGEE. .nd without reference to the adequacy or inadequacy of the value of the property mortP.ed or to the solvency or Insot.ency of said MORTG~R or the defendants. and tNt such rents, profits. Incomes, I~ and revenues sNII be applied by such Receiver accordlna to the lien or equity of said MORTG^GEE .nd the practice of such Court. 9. To duly. promptly and fully perform. dischar... execute. effect, complete comply with .nd O!bide by each and every the stlpu- lations. .._ts, conditions and cavenanh In said promissory note .nd in this mortaa.e set forth. 10, That In the ewnt the ownership of the mortpaed premises. or any part thereof, becomes vested In . person other than the MORTGAGOR. the MORTGACEE. Its successors .nd .ssllf'S. may, without notic. to the MORTGAGOR. deal with such successor or successors In Int-' with r.ferenoe to this mort..ae .nd the debt hereby MCUl"ed In the same manner as with Mort..aor without in any wrt vltiatlfll or dlscharJin,t the MorttaP'1 IlMMllty ~ or upon the debt hereby secured. No sale of the premi_ hereby mortPaed and no fore- beerance on the part of the MORTGAGEE ~ Its succeuon or .... Ind no .xtension of the time for the payment of the debt hereby secured liven by the MORTGAGEE or in ..~ or _IN. shall operIte to ........ d1Kh1..... modify. ct.,. or effect the ori.lnal llabtltty of the ~TGACOR t.eIn. either In whole or In pert. 11. It II spedflc:ally a.reed that time II of the --=- of this contract and that no _I..... or any obliptlon hereunder or of the obllptlon secuNd hereby shall It .,., time .......tter be held to be a waiver of the terms hereof or of the InstrurMnt secured hereby. IN WITNESS WHEREOF. the said MORTCAOOR hP herwnto Nt his hand and _I the day .nd yelr first .tor.ald. SI.-t. s..'-d and cIeI'-'-d In ".... of: ,'L,-~,-~,~~----- . r ~.i/.;I~u !:j~~~Pj:.J_ y~ c~;:;:,'" ISfAU Before me personally appeared ... _____J(~J1P~h .H.o, ij~a.. .' ..',. . ,- uu ,__. ""-.'<:"~~~~'~!~;;'" end' ", ,-- ~,~,.,. '.., po 'S ;;d~~J""C.~';~:,~:~ '~~::: =:I:::~~':":me mefor~;'~";~-~' -~~. ~ ,,;; ~ '.1 "'::~H:5~..i WITNESS "., hand IftCI official ..I thII._,~ ~7"' u._ __.day of ,-c..~~:Lz1'" .,,~.'L7-:_.::";,.i.~\-1){, Vt;~~.. . -~":.d'.- ,a.~_:: WII. 0. LAwtaB '? . / . ~/ ~-" ", .~..< - ..,.....[ ..... .... ......... ",..... y_ Ut=-7:U......c:V".-.-' ,Y ~]c~'l-;'?4~~~~~:--~ ~....~-'., .:. , ........., I' tr o..a.. ...I'.....Notary PublIc 1A...4 ...u~l..l. _f flb:~ JIItIIl'a.",' .......... ,. ___ ..---10 _ _ ~ ..l-'- ---' ., ,''''JIlI'''''' __ . .1-.-____.." ...,.(lllI,.,___'_"'-?.7}d-:.V 0" -:.-;/~":',, .) -!, Q ~ ~ Q ~ ~ < -~ E-t = .0 )j 9', .150 ~~:ECOROEO IN o. 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