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- ~'1'11at K t~ pllDdpV Ot ~Il~fe'N~ 011 t~ 1~0~ ~!'!ia aNQ?i~d Oe ~O7 0~ ~N~ ~A~M MCII~
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0~ ~il~ vNt'~00 ~ A0~ ~ w~1pl Ot ~~a~~ii~0! i~1v1 t~ ~D il11 ~ iif~IM'Ah~ Cbif;'~/~ 0! ~
doas a~ tL~ sam~ b~oom~ w ad or K dauk s~ m~ in tb~ !tiW asd yraaPt pariot~anw oz ~o~w~an!
or ~t Lerein eo~tsiwd. ar awr ~roeeedin~s b~ iastitated to abat~ sn~ anis~na oa tb~ Yael~ Pr~aiw
. or ~ b i~estitatd wl~kh ni~! rinlt ~o th~ detrimeut o! t1w t~s~ aad o~m~nt a~ p~. or
it ~Iott~or~~~4l~ia~~d • banlm~pt
or leuolna~ or Nt~ lsw sl~all b~ eaacted or ~ioa r~aderad ~ oonrt .
: • o! ~a.~ ra.o~ i~~~sa~ aac o: ...a.m.~t roc now t~ ~ea nroa s~ nw~~s•. no~. b t~.re~~. os
; auyr intaewt oi Kott~asw in tM llortsseed Pranities. or ree~desios iaoperati~n the undertakl~ts of Yory~a~o~ to lw
al! tsxe~ u~isin~ ss a ranlt oi tbis tr~nsaetion otber tban tt~es on tM inter~st iaooaae herefe~oaa, or w63cb resdb
in tbe dednetion iro~q ~Rlw oi Lnd~ for ta= pnrpo~es, oi the a~nount oi ae~ tien har~oa. or alteri~ tM la~n ior tM
Wcias oi or deDt~ ~een~d t~er~~. or it tM Yortga~or. wlthont i~! ob4inin~ tM ~tq~a oonstnt a~ t~
1[ort~agee.~~
a~, bar~ain. ~dl or eonve~ tl~e Yort~a~ed Premises or an~ pstt lhereot~ inela~ limber. thsn on
. ths iuppenin: of auy one or n?or~ ot tl~as ~veats. this conrsyana shall 6ecome absolnt~ ~nd the wbols ind~ebtednea
seeured hereby shaU immedbtdr b~ooaa~ dos and payabl~ at the optioa o! the f[ort~sses and tbM ms~
therenpon M loreciwad tor tb~ whoie oi ~aW money. in~erest sad casts, or ldort~a~ m~~ lor~eloN o u~o suma
p~st due ~ritiwnt iq~nr~ to this a~or~ os ths dbplacemes?t or impsiraent o! fl~s-r~maiadu oi t1N Uen th~reot. and
' at snch fo~~eksnr~ ~sl~ tM proper4Y a~all b~ wld subiect to ~11 :emainin~ it~w a~ ~d~dnea and !h~ Yo~rt~are _
, nw .s.ts torkloa in te. am. m~nn~r o~ as ~h.r. a w•um past an~. ~
~ 10. Ii ataq~ tim~~ ~it~r d~iwli b~ M a r~odn:shtp nuUr baso~~s~r !n t1N op inMn o~ llastss~
~o prot~eet tbe lien brwi. or at ths tim~ oi o~~~tbs inatltatbn oi snit to ~llee~ t~ i~bbd~ harby ~nr~d.
~ or to foreelo~e tbis ~oaostps0. ~[o~tiaga sluill. u au ~dmft~ed pt~tt~r aad is- s nutbsr o~ ~trtct t Rad se~ard- '
less of ths valne ot tbep . or tlw sot~eac~ or tmolwacr oi Mo ~a~o or a?Y ~arF,~r bonnd~or t~ pRymHtt
3 a~ the indebtednas l~an the~ to tl~e appointmen on ~ parts applicatbn rand wit~t nodo~ to teqone. b7 W ,
proper oonst ba~in~ inr~d~o. oi ~ reoeirer. w~ recei~er shaU h~w sll a~ the Droad and efiective power~
` snd innetioeu in an~~wbe entrosted b~? ths oatrt to s reoei~et. to tak~ ehat~s oi. msna~0. P~~, m~intatn, ear~ ~
! for and protect the l[orttnsed Premiaes ~ad to eollect sents. bsna.~praceedb Prodnos. proflt, ineome and 1e~rennea ot :~r
~ • tbs Yo:tta~ed Prembes irom wbatsoeea sonree derived: to make all neee~ary or needtal repai:s snd t~ pro~We ior .
; tbe 1[o~ased Fremiae~ ai ~et lort6 in ~ra phs 6 and 8 abu~e. r?nd ~ marlcet tM prodneb tbereoi and reoeit~
, and collect tbs prooecds tberea~ and snehpn~~eivsnbip ~11. at tbe optton od ~[or~a~w, e~utinw nntii tbe tnUp~. :
E; meat oi ull sums hereb~ ssenred. or ~wtil tiW to the l[out~ased Premi~a sha11 hs~s pw~d aa ~als unda a ion. ,
~ clowrs aS thb mort~are. .
~ 11. ShonW Yo~r and Yor~a~e~ bereaitar e~?ter in~o a~a~n~
t a~odif~ia= or eha n~ t~~lN ~s~rms a~
t~ mo or the ~te ~eenred bsrab -inan~? Hpsrtienlu. !he r1~hb oi tbs partia to ax~ ~ream~aa~s~D bs snperioe j
~ - to tM r~af tl~e bolder ad sny interenins liw or eneawbrae~ee.
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! ~s. wrsbont alreetMS the u.eil~c, o? .n~?par~an ~othar t6an P~ nta...a p~.naat 6esato~ t~ munnea~ a~
aay indebtedne~s ~eeured hereby aud witbont aiieetint t6~ lien hersod nP~ ~0? P~ P~~+at ~0. -
{ l[orti~a my ~t ~ lim~ an~ irofa tiaa~ to time. wkhont notioe: ~ ~
~ - +
~ (a) Adew a~ p~s~an liabM io: gymeat oi atyr inaabtednMS Mcor~d barb~. . -
i .•-(b) ~ th~ indebbdn~, or ~acttnd t~ tim~. or sasN to attK !tN t~an~. d p~~s~nt d aq~ a~ fb~ f~Dt- ?
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~ • . ' AC~O~ ~!l'YL~?f ~ il~ ~L~. . . . . ~
. ~ew
+ ' (d) 8~1ew ~AS P~P~J? ~ewria~' t~ ~ ~
1 Comea! to tbs ooakint a~ any m~sp or pLt a~ i~ha ltorfsased Pe+asiw„ ae t~ era~tioa a[ W~b
~
, thereon or an~ oo~easnt~ sestrktinr ws or ooenpaney tMreoL . . ' ~
_ ; _
, ~ 13: It tba ~~ee~
ed~~1o: ot6~
~ie
nri~ti~es. orta~i'es ms7 at ib option ~~aa~ n~
~ r
~ os~iaid ~ec~~ys
~~ieenrity Dereander. eiLhe: eoncurnatl~ or indeprad~nW?. and in sneh order as it ma~
y I dsbsmise. ;
i~. No deLy b~ ][orltases in ea~arisins au~ os nmedy l~andst. or otbetwl~t atiordsd b~ Lw, siull
, o~p~r~te as a wsirer tbtreos oz preelnds !he e~ca+eiis~ durln~ tbe eontlnnsna o~ aa7 ddantt bereaader.
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~ ~ 16. T6at tbs Yortsasor ~haU pc:mit tM ][ort~a,ces oi ib tepraent~e~ m aaaine and insp~e0 tbe Pramises -
i ` st so~ re~onabls t~a~a. ; '
i T6i! sball innrs to and bind tbe heirs. le~atees. dnf~ea. ~lstnto~t. ~o~eartoss. snoeeMOa and
~ • dn~u4r andn~~ ~ ~ ~b~
~
~ . ~D iwlode t6~ plurd~ tbe pioral tLe
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~ ~ 1[~~ shall b~ wbs~o~ated to tbs elaims ~nd He~r o~ ~ll •parti~s w6at elsi~n or lieos ar~ di~ebarpd ae 1
pald ~rith tbe proceeds oi the loan ~ecnred 6e:+chy. ~ ~ ,
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~ ` Elizabeth Lloyd Davis and Carolyn Lyle Davis jofn in the execution
~ ~ hereof for the sole purpose of mortgaqinq and encumberinq all of the ' ;
1 ~ ~ right, title a~ interest, if any, of each. and either of them, includinq :
; thveir dc~w~er interest, if any, in and to the above described property. -
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