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Home My WebLink About1358 J _. ,_._",._". .__'~. _... ........... _.;. _.' _,_._,_~___ _....__ " .. fl.R: e'J~l 58 6~~- , i^W: ~~ ""ltcy or poliden said MORTGAGEE snail l'wI\'e the option to receive and .pply tne !d'n<:: vn account ot t~ indebtedness secured hereby or 10 .permit said MORTGAGORS, to recei\l'll and use It or .ny part thereof \0( other PU'PoJ"e1 without thereby wltlvi,:,s or impairing any equ.itv. lien or right under or by VI~ 01 this Mort,a,.: and In the ....."t I.lIld MORTGAGORS sl'wlll for any reason fail to keep the sa,d prem,ses so Insured. or fail to cIeliY1tf' promptly any of l.lIid policies of insurance te. s.oid MORTGAGEE. or fail promptly to P<1Y fully any premium there lor, or in any respect f.1I to perform, dlllCnsrlle, execute, effect. comple", comply with .nd abide by Ihi~ covenant. or any p;1rt hereof, said MORT, GAGEt may place and ply for -such ll\$Ura~ or any part thereof without waiv;ng 0, aff~tlng any option, lien, equity, or right under or by virtue of this Mortp,e, and the full amount of nch .nd ftVery such ~ayment sl'wlll b~ immedilltely due and payable and mall bear interest from the d.lte thereo. until paid at tN rate of six .04 Utenths per cent per annu~ and tosethe! with such interest shall be secu,ed by th~ lien of this mort..... . ~. . three' 4. To pennlt, COf1'lI'nit or suffer no _Ie, 1~lrment or deterioration of said property or any part thereof, 5. It h ....reby spKlfiallly ..reed that any sum or sums which may be loaned or advancM by the Mortgagee to the Mortgagor at any 'ime after the re((lt'dinj of thlslndefltura, totethtr with Interest thereon at the rate allref'd upon at the time of such loan or advance, shall be equally secured with and ha\l'll the same priority 1$ the orllinal Indebtedness. and be subject to all the terms and provisions of this mortgage: Provj;1ed, that the .g,,.,." amount of principiI outtt.ndinl .t .ny time shall not exceed an amount equal to one hundred and fifty per cent (I 50 % l of the priOClpll MnOUnt orl.lnally MCured hereby. "- 6. . To ply all .rieI Jli'lfUlar tlw COlts, charaes .nd expenMl, including a reason.ble attorney's fee and costs of abstract of title in. curred or paid at .ny time by said MORTCACEE because or In the event of the failure on the part of the Solid MORTGAGOR to duly. promptly and fully perform, dl5CMrp, ~, .ffect. complete, comply with and abide by each .and every the stipul.tions, agreements. conditions and covenants of said promlllOty note ~ this mortaage .ny or ..Ither, and said cosh, charles and expen~, each and every, shall be immediately due and payable; wn..her or not t~re be notice, demand, .ttempt to collect ~~ing; and the full amount of each and every sucb payment shall bear Interest from the date thereof until paid at the r<lte of six .na'D'fenths per centum per annum; and all said costs. ch.1rges and expenses so Incurred or paid, together with such Interest, shall be secured by the lien of this mortlage, , 7. That (.) in the event of any bre.Kh of this Mortll". or default on the part of the MORTGAGOR. or (bl in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally becorrn! due and payable. without demand or notice, or (c) in the event each ~nd every the stipulations, argeements, conditions and cnvenants of said promissory note and this mortgage any or either .re not duly, promptly .nd fully performed, discharged. executed. effected, completed cornplied with and abided by, then in either or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay.ble forthwith, or thereafter, at the option of said MORTGAGEE. as fully and completely as If all of the said sums of money _re orllllnally stlpul.ted to be paid on such day, .nything in said promissory note or in this Mortgalle 10 t~ contrary not w1thst.ndlnl; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, may be prosecuted as If all monies secured hereby had matured prior to Its institution. S. That In the event that .t the beginning of or at .ny time pending any sull upon this Mortg'le, or to foreclose it, or to reform it, ~r to enforce payment of .ny claims hereunder, said MORTGAGEE sh!1I apply to the Court having jurisdiction thereof for the appointment of. a Receiver, such Court sl'wlll forthwith appoint a Receiver, of said mortgaged property all and singular, including all and singular the inc<>me, profits, issues .nd revenues from whatever source ~rived, each and every of which, it being expressly understood, is hereby mort- gaged IS If spectiflcally set forth and described In the grlntln, and habendum c1au:;es hereof, .nd such Receiver shall have all the broad and effe,;tive functions and powers in anywise entrusted by a Court to a Receiver, and such .ppointrm:nt shall be made by such Court as an admitted equity .nd . matter of absolute right to said MORTGAGEE. and without reference to the adequacy or inadequacy of the value of the property mortg.ged or to the solvency or insolvency of said MORT~AGOR or the defendants, and that such rents, profits, incomes, issue, and revenues shall be .pplled by such Receiver according to the-..llen or equity of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, discharge, execut9, effect, complete comply with and abide by each and every the stipu- lations, ~greements, conditions and covenants in said promissory note and in this mortllage set forth. 10. That In the event the ownership of the morteaged premises. or any part thereof. becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or successors in Interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortg.gor's Ii.bllity hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore, bearance on the part of the MORTGAGEE Of' its successon or a$Slam .nd no extension of the time for the payment of the debt hereby secu,ed given by the MORTGAGEE or Its SL'Ccessors or assigns, shall oper.te to release, discharge. modify, change or effect the original liabilily of the MORTGAGOR herein, either in whole or In plrt. 11, It is specifically agreed that time Is of the essence of this contr Jct and thaI no Wiliver or any obligation hereunder or of the obligation secured hereby shall at an[.tlme ~r~fter be held ~~ . wa~'l't of the te herlJ.f orll:f the ln~trument secured hereby. ume US name I US n e s a a lXe its coroor ate IN WITNESS WHEREOF, t 'alc:f ORTGA'GOR- haS nNi'l set ffie y.nd year tfrSt aforesaid. SIIIMd, Sealed .nd delivered In preMl'1l>> of: (Corp. Seal) ~~U7~. ~~6e~, .. STATE OF JIIJCIJCf\X Tennesse~ COUNTY OF,HamlltQu.. u,f ss. Before me personally appeare<kieOr.ge, U. Stanley.. President,. and Beulah s. Reed, Secretary , o(~ F_~~~~r_~n_~_~':'.~_'2~e...~$~.nc~-" }~<:,_, ._~__!.~~q,t~etocg!l~?tk~~~.'nd known to me to battle i~i!i~~'~'cj,~ribed in and who executed, the foregoing Instf\l!"4'"t. .nd .c~re me thaI th:!/lxecuted t.he same for the ~,\.t;b.r{!.......}p'essed. as t~..tdt ~9d deed of saId corporatIon thereunto ~rauthonzed. .,'::0: :'. ." d <~'" -!-. . "i ~I /../ ~ "'<<,LlJ . '1' ' WITNESs rJ'f hand .nd officl.I _I thl5__ ,. -. -... .. day of/,,-,---:: . ~".. , :',- '; :"'..~^> D~.1 ~'.u.v . . ,. , " /- ./ . ~,/"..... . , .~ ,.... /---- /' ;c, ,I -'f.' c'~ . .~~ ..~ -~l>4.-~~:_~:-,.~.--~ ' , ~and.-County ;.=~:-:, aforesaid: /,,__:Q;,:.~.I.~~';<;')...' ~....... ' I , I . . ':'1" By. (SEAU ~~~. Secretary (SEAL> Attest: , I ) \., " ... ~ ~ ~ ~ ~ := Q ~ Q;; r.tJ 0 Q ,... ..J ~ ~ t:. ~ . 0 = 1::1 ~ o I.,} ~ ~ ~ .. ~ := Q .- .., . :r:: := ~ ~ > .. ~ rJJ rlLEU AND RECOROED W OfffdB r Record ' G nt, 19:jH~~,1 14 I:il S: 39 ~ ~ . .. 1 sjOru~,1 ~~UN r: ;~LiriRI~A~~" ~ () . .. .. -.fn ,---:)IOu:.. .. , '.,".> . .,.,,\)00' . .. :'~ ; c:i " ;0 '"~. .'...:~ ".. .I ."" '" '" ,,~ .,. .... , \J " T. .' ,