HomeMy WebLinkAbout1380 d. To uii and ~~ular Ehs oattrt, chardes and e.~pa~ses, includin la efa ~
feet, r~ea~so~ inourred or pasd a~ an~/ tin~e by aeaid .~Vort~a~ee becauae o~ fa~
eet ~V
on ths pa.rt of the aa:d JFtort~a~or to perfor~n, com~ with and a~iate ~ uiah and
. ever~/ Ehe stipula~tiona, cond~ition~ a~d covenanta of t' promisaor~ ~ote and thu deed,
or e~r, and ~uery auch pa~/me~ aha,li bear intereat fro~n da,te nt the rate of
eix per oe»~. per annuars. .
4. To keep the b_uildin~ now or hena}~er oA said kwed inaund in a suan not leai
than higheet ineurable valuiim~iot~R, i~n a coinpaae~/ or compa,nies to be
approved b~/ aaid JKort~i~~ee, a~sd the policU or policiea held b~ and pa~/acbde to aaid
Jltort~a~ee, and in the event a~ny su~n of ~none~/ becomes ~able under sueh polie~y or
potia:es, tl~ JKort~a~ee ahalt hcwe tl~s opti,on to receive a,~ed apply the xar».e on aecount
of fli,e irad,~btednesa hereb~ secured or to permit the .~for~~u~or to neceive and u~se it, or ~
ar~ Paa't theraof, for oth~er purpo~s without therebJ w~aiv~a~ or i~npai.ri~~ anJ~ eqwit~ ;
lien or rz~ht under or by virtwe of is nwrt~a~a, aAd n:a~ ptace an8 pay for sucli
insurance or any pa,rd Weereof, ' 'ut uaa~ivin~ or a~fect~re~ the optio». to joreelose or . ~
any ri~ht hereun~er, and eaeh and ever~ sueh pa~nient sh~cll bea.r interest from~ dat.e ~
at th~ rate of six per cen~. per annum.
6. 3'o pernsi~, eomnsit or au}~er no :aaste, ianpa,irnaent or dete~zomtson of aasd .
p~pert~/ or an~ pa~r~ ther+eof.
6. To per~m~n., compd~y with and abz'd~ b~ u~ch and rvery tlu aitpula~tion.s, a
rnenta; conditions and coven~a~~a i.n aa~id prvm~sor~ note and in thia deed set orth.
~ 7. If a~y of adid suma of ~sone~ herein neferreaL to be not pro~nptl~ and fuEly pacid
witl~in thirty ci~ye neact a~er tl~~e surrie saverall~ become due arid abk, -
or if ea~,h ar,nd ~very tiu atipulationa, mgreementa, condition~ and cove~anta~aaid _
promi~ssory note and thi~s c~eed or ei~ther, ara not dul~/ performed, complied with and
abided by, the aaid aggr+egate suan mentr;oned in said prnmiasor~y note slu~ll beeom,e
dr,ce a~nd pa~crble forth,with or thenea~te ~at the option of the JKort~a~ee as full~ and
corrapletely aas if the said a~gregata sum of Tt~O THOIISAND FOUR HUNDR~ FORTY- ~
SIX and OS/100-------dollara ura,s on~ina.lly stipulated to be paid on such da~,
cr~~Ehin,¢ in aaid prom~isso~/ note or henei,n to t,lu cont~ar y notwithsta,ndan~.
8. T1M JKort ci ee ~
g g ~na,~/,;~a~' any ti»ae whila a suit is pendin~ to forealoae or to nefor»i }
this mort~age or to enfonce ~ alaims a.risin~ hereunder, apply to the court havin~
jurisdiction thereof for the acppointnzent of m recei~er, and such cou~rt sl~all forthwith
mppoint d receiver of tlie pre~nises and all ot,her prnpert~ covered here by, includin~ all
and sin~ul,ar the inco~ne, prn~, r~ents, issues cr,nd revenue8 firom whatener 8ource de-
rdved, and 8uch receiver slucll Juive all the broaal and effectine functiorM an~l power8 in
anywi~se entrusted by a co:w~t to a receiUer and auch dppaintrrient shacll be made b~ such
~ eourt acs dr~~ admitted equit~ and a mcLtter of o,baolute ri~ht to sa,id Jlfortgagee, aaed
zaithout reference to the adequacy or ina,dequo,cy of the value of t.he propert~/ mor~
gd~ed or to the solvenc~ or insotvency of said .~fort~a~or or t.he defendants, and such
income, profits, rents, issues mnd reuersues shall be appliec~ by 8uch r~eceiner aceordin$
to the lien of this mortgd,ge and the practice of such court. ~
; .
, - .
; _ . .
, . • , , . :
_ ' •
. . - I ~ . . . .
. ' -
. ~ . . . . ~ - _ . _ . , .
~ ~ ~ . • .
III ~itji~88 W11C1'~O~ the so~d JI[ost~ajo~l~i~u~to ss~t hii ha.nd and
tecti tl~e da~ and gear ~lrst abo~s writt~n. .
Si~p~ed. Sealed and livererl ~n Presenee oh . ;
' ~ r ~
. . ~
. ~ ,
.
.
r , ~
~ ~~R~ 9~ ~~F179
~ ~ -
~ ..~~:~Ai - -