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HomeMy WebLinkAbout0020 C. f(" If G J<< 17 PArI 1t ~ ~ T. L lIrJ( tOlJfITT II fl~. agreements, conditions arid covGnants in said promissory note, and in this mortgage sot fOA:ih, and also to perform all provisions of a certain promissory note (or obligation) owing by said Gene T. Dyer to Gene ral Electric Compan;}', payment and performance of which has been assumed by Mortgagor. 8. If any of the sums of money herein referred to, including not only the payments specified in said promissory note but also those referred to in the covenants of this mortgage, are not promptly and fully paid after the same severally become due and payable, or if each and every the stipulations, agreements, conditions and covenants of said promissory note and this mort- gage, or either, are not duly performed, complied with and abided by, the aggregate sum specified in said promissory note shall become due and payable at the optiOh of the Mortgagees, the heirs or assigns of the Mortgagees, thirty days after written notice and demand, as fully' an( completely as if the aggregate sum specified in the promissory note was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary notwithstanding. Such written "notice and demand" shall be served personally or by registered mail upon the Mortgagor in c are of Eugene P. Fine, 405 Citizens National Bank Building, Evansville, Indiana. 9. In the event that at the beginning of, or at any time pending, any suit upon this mortgage or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, the Mortgagees, their heirs or assigns, shall apply to the court having jurisdiction of that suit -for the appointment of a receiver, that court may and should forthwith appoint a receiver of that mortgaged property all and singular, including all and singular the rents, income, profits, issues and revenues from whatever source derived, each and every "of which, it is expressl;)' understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof. That receiver should have all the bro&.d and effoc:ctive functions and ... powers which a court may entrust to a receiver. That appointment mq and should be made by that court as an admitted equity and a matter of absolute rlght of the Mortgagees~ the heirs or assigns of the Mortgagees~' without reference to the ,adequacy or inadequacy of the value of the property mortgaged "6.. .' ~~..._.....~ ".~- ,-~ ....... ~ -~. .;"!: ....... ...... 0(# .. _ .... ....- .......... ... .~""9'" ;0.-... -0 ... '!<~ ~\"">'~......