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Home My WebLink About0905 fees; rea.soriabl~/ incurred or paid ctt any tt~he`~b~suid`:~fort~a~ee Lecatcse of the failure . on the part of the said ,hfort~a¢ur to kerfprm, compd taath a~cd ccbide bJ each and e»ery the stipulatio~ts, conditions und ov~enants of sai~ pronii.ssorJ note and thi..s t~eed, or eat7ter, and ~ver~/ stcch paJnaent shall bear interest fibm date at tlce n,~te of eight , per~ent. p8r annu~n. - ' To keep the bicilding now or hereafter o~a sai~l land insurec~ in a sr~m not less than '1"hree T'hous~nd and no/100----dollars, i.n a compa~ay or cnmpanie,c to be apprnved by said ~1Tortga~ee, arec~ the potic~ or policies held hJ a~ed ~uaJable to said .1lfort~a~see, acnd in. tlee event an~ sccm of moneJ Leconzes ~uaJable u~ider .stcch pulicy or polictes, tlee .hlortgagee slwell have thP uptio~a to receive and a,pplJ the .~«nre on acco~cnt of the indebtedness hereby .~ecrcred or to pernait the .~Vurtga~or tu receive and rese it, or anJ part thereof, for otlcer prarposes, withoict the?•ehJ waiains ar inapairi.ng ~ciay eqicity lien or ri~ht under or LJ virtue of this mort~c?ge, and nta~ place and pu~ for such insccracnce or anJ patrt tit.~reof, withaut zvaivi~ig or ~r~jf'e.etin3s t/re option to toreelose or any ri~sht heretan~~ler, and euch aiad eaerJ sucli paynte~at sh~rll bPar in.terest froni ~ite ~ the rate of eight per cent. per annurn. 5. To permit, comr?iit or suffer no waste, impair»aent or deterionation of sccid prnperty or any part thereof. ~ 6. To perform, comply with and abide by eccch and every tlre sitpulations, agree- ments, conditions and coaenant,s iit said promi,ssory note and in this deed set forth. 7. If any of sccid sums of money h~erein referred to be not prnmptly and fi~tty pdid within thirty clirJs iae~t ccfter the same severallJ beeome dri,e and pa~aLle, ~ or if each ccnd eaery tlie stipulations, ca~'reemenfs, eonditions and covenants of said promissary note ctnd this deed or either, are not dulJ performed. complied with atnd ccbided by, the sccid ac~gre~ate sum mentio~aed in said promis.sory note sh.c~ll beeome due acnd paJacble forthwitli or thereafter at tlce o~r~tion of the .rtilort~a~ee as fu~lly acnd completely as if the saicil d~'~re~'ate sum of TW~O T~pUSAND SEVEN StJNDRED and---- no/100----------------dollccrs was originaltJ stipulated to be paid on srccli day, dnythin3s in said pro~rtissory note or herein to tlie contrncry notwitla.stacndin3s. 8. ~'he Jffortjsacgee may, at any time while a suit i~ pendin~'to foreclose or to reforns this m,orEga~e or to enforce any claim8 arising heneunder, apnly t~o tlt.e court luzvin~ juriadiction thereof for the appointnxent of ac receiver, and suc/~ cowrt shall forthwith mpp~oint d neceiver of the premises and aIl other ~rnperty covered hereby, inclu,dir~~ all ctnd si.n~'u,lccr the inco~ne, profits, rents, issu~s and revenues frnrn whatever source de- rived, ccnd such receiver shall /uave dll the brnad and effectiae functions an~ pbwers in anywise entrusted by a court to ci receiaerandsuch ap~uointment, sh.actt be m,u,de by sr~,ch eourt ccs a~- admitted equiiy and a mcctter of absolute ri~sht tn sacid „~ortgd3see, dnd without reference to the adequa,cy or ina.dequacy of the valrce of the prnpertr~ nr,ort- ga~ed or to the solaency or insolvency of so,id .hTort~'acgor or the d.efenddnts. a~d such ineor?ze, ~irnfits, rents, isaues cind revenues shall lae applierl by ~cceh receiver ctceording to tiee lien of this rraortgage and the prncetice of such court. .~ri ~t~SB ~~rrrnf, the sa.id JKort~agor hereunto sets his hand and sedl the day and yeai j1rst above written. ~ Si~ned. Sealed and Delivered in Preeence of: ~ ` - G~Lu~ . • ~ ~ ~ . ~ : 0~~64 P~ ~ 9~4 , ~ : M~ . . r - ~ - _ _ . ~ ~ .F - - _ _