HomeMy WebLinkAbout2931 . ~ 56 PM.~~72
TO HAV$ AAID TO HOLD, all and sinqular the said personal ~
property above bargai.ned and sold, or intended to be, unto
the said Mortgaqee, its successors and assigns forever.
And the said Mortgagor covenants with sa~d Mortqaqee, its
auccessors and assigns, that said chattel is free fran all in-
cumbrances; that they have qood right to sell the same as afore-
saidt and that they shall and will warrant and defend the same
unto the said Mortgagee, its successors and assiqna, aqainst
the lawful claims of all and every person whansoevert that they
will place, pay for, and continuously keep the said chattels
aforesaid, insured against loss by fire and theft, in the usual
standard policy forms in a swn of not less than the amount of
the indebtedness herein secured, in such company or coinpanies
as may be approved by said mortgagee, and such policy or
policies shall contain the usual atandard Mortqaqee clause,
making loss under said policy or policies payable to said.
mortgagee, as its interes~t may appear and ahall deliver praaptly
said policy or polices together with receipted bill for pre-
mium to said Mortgagee.
PROVID~ ALWAYS, and these presents are upon the express
condition, that if the said Mortgagor shall well and truly pay.
unto the said Mortgagee, its successors and assigns, the aggre-
gate sum of SBVENTY-FIVE AU~IDRSD AND NO/100 DOLLARS ($7,500.00),
secured by one certain missory note of even date herewith
acknowledged, payable ~G 7~s after date,li'/~
made payable to said M tgagee sa d Mortgagor, and also all
expenses that may or shall accrue in the event of the fore-
closure of this mortgage, reasonable attorney's fees and costs
- of court included, then these presents shall be void; otherwise,
to remain i.n full force and virtue.
-And the said Mortgagor, for the~aselves and their heirs,
executors, administrators, successors and assigns, do covenant
and agree to and with the said Mortgagee, its successors and
; assigns, that in case of default shall be made in the payment
~ of the said sum above mentioned or any instalLaent thereof, or
~
in the payment of the whole or any part of the interest thereon
at the times and in tlie manner provided i~n said promissory note;
or in the case the said party of the first part shall remove
the said goods, chattels and peraonal property or any of them
without written permission of said Mortgagee; or permit or
suffer any attachment or'other process to be levied upon said
property or any part thereof; or penait or suffer any judgment
to be entered upon against the~m, then the said aggregate swn
of money herein mentioned shall become instantly due and
payable, at the option of the said Mortgagee, and then it shall
and may be lawful for this Mortgage to be immediately fore-
closed for the whole of said money, interest, costs, fees, ~ ~
charges and expensea aforesaid. F
~ That in the event at the beginning of or at any time pend-
ing any suit upon this mortgage, or to foreclose it, or to re-
form it, and/or to enforce payment of any claims hereunder,
said Mortgagee shall apply to the Court having jurisdiction
~ thereof for the appointment of a Receiver, such Court shall
. forthwith appoint a Resceiver of said mortgaged property all
and singular, for the purpose of preserving said property,
during the pendency of said foreclosure proceedings, and such
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