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Home My WebLink About2884 . . . d. Tbat (a) in the eveAt o! wr br~acl~ ot this mortg~s oe default oA tha part ot the Mortpgor.1ofTb1 ta U?e event any ot said auins ot moAey herelu refernd to bs aot promptly and f~lly patd withlo ~,day~ nsxt atter the aame seversAy become due and payabla ~~t demand or aotice. or (c) in tb~ event each and every the stipulaUons, agreemeats. conditiona aad covenants of said promissory note and this r~ciortgage. any or elther. are aot duly. Promptly snd tully performed. discharged. executed. ettected. completed. complled vriW and abided by. the~, ia eitber or aqy such event~ the sald aggregate sum mentioned ia aaid pmmtseory aote then remaiNng unpsid. with intereat accrued. and W moneys securad heseby. shall become due and paysble fortAwith. or there- atter. at the opdon oi aatd Mortgage0. as tully and completely as U all oi the ssid auma ot moaey were odginal~j? sUpulated to be paid on auch dsy. anything in aaid promle~ory note. end/or in this mortgage to tlu coatrary noL- withstanding• and thereupon or thareaiter st ths optioa of said Mortgagee. without notlos or demand. suit at Lw or in equity. thtretoforq, or thereattes be~ua. may bs prosecuted es li all moneye sscured hare0y tud matused prior to lts insucuuon. _ 7. Z?ut in the event tA~t at the beginnias of or at ~a}? Wae Pendin8 an}? suit upon Ws mortgsge~ or to foreclo~e !t, or to reform 1~, and/o~ to entorct p,yinant ot aqy claim~ besaundsr. said Mortgages ~hall aPPU? to tbe court hsvins iurisd?ctloa thersoi for the appointmeat of a Receiver. such oourt ahaU forthwlth appotat a Itacelver oi said mortgaged P~P~Y W and aingular. including aU and eingular the renta. Wcwne. proliL. i~suea and revenues lrvra whatever eousce derived. each and every oi whicL. it being expresaly underatood. is beseby mortgaged as if spectLically aet fortL and deacribed in ths (~ranting and habendwn clausa hareot. and wch Recetver ahall b~ve W the broad and ettective ll~nctions and powers in anywise entrusted by a court to a Recefver. and euch aiapointmeut aliall be made by n~ch oourt ae an admitted equity aad a inatter ot sb~ •olute riaht to asid Mortgagee. aad w[thout nierence to the adequacy or inadequaey o! the valns o! the prop- u~ty mortg~g~ed or to the aolvency or inwlvency oi said l~ortgagor aad/or of the dateadaate. and that such rents, pro6ts. incoma issues and re~ enues ahaU be sppHed by such Receivsr according Lo tM lien aad/or equity a~ ~a1d Mostsa~ee aad the gractios oi such oourt 8. It ia understood and agreed lhat this raortgage is given to, secure. in addition to the note or obligation above described aqy additioaal loans or future advances made wdhin twenty years from date hereof by the mortgagee to ~sid mortgagors or any successor in title oi aaid mortgagors oi the property hereby rnnveyed; provided that the total unpaid balance of the indebtedneaa secured hereby at any one time shall nqt ~exceed the mauimum principal amount oi Dollars plus interest thcreon and any disbursements made by the mortgagee for the pay- ment of taxes, levies or insurance on the pmperty encumbered hereby. with interest on such d~sbursements. IN WTrN~88 WALrR~OF. tbe ~aid Yortga~or 1w ~xecuted tl~ mortgage under esal on the day aad year herein itr~t above ~vsltt~t. Sianed. iealed and deliversd in tha preseaoe ot: - ~ ~o,~„ ~ ' ~ • Nalter L. Ott P~~. . s i ott 8TA1'a OF. . ~M~ ~ ~ O~LTN1? OF.» . . .::;,i .~.r..-c=T;_._,- ~ ~`j.'• Walter L. Ott and $vel n 1~. Ott his wife ; '~f. iaa ~~f+~117. ~ . - „w` . . _ .-.ts ~ ~;y~' ~ to me W be We individual8. descdbed ia aad wlw execot~ed the'toregoin~ instrw , s~r~ow~.~~e me that .#,be-.~eseeuted ths ume for tLe purposes tharsia expresaed. i : ~;~~j ~ ~ _ ~ ' ~ 1~~, "'~~„',~y~t~'.$8_.a~' ~istid and o~!lcial ~eal this....!~'.~ ~ . C'::: : : ' - ~ , ~r ^ ~ - r'~+tni}ettit<<~~~~ pttty Pub11ClII t0! - ~ ~ . . tLe Cpnpty aad Atoresalb ~ Hj oommiadoa ezplres: 8TA1'~ OF_ ~ ~I ~ ~ ~ ~ O~UNTY OF ~ ~ Go~ait~iN ~ I~M Beiore me personally ~PP~~--------- ~ W a~ wul lma~va aad lwovvn to ms W be tbs...... pr.aa...t ~ ~ ~~7 ` . i napectively M • t1~ oorpor~tiom naa?d ia t1~s roreaoina indr~ment, aad lmown to me to be tt~ Deeyoo~ wno v ax~h o2IIosrs a ~aM ocrpor+?Noo. acecuted ths same: and tbea aad thsrs tLe t]r~. a~id - .tu ~~~e btoz~ me tlut ~aid lnstrument i~ the ires act aM desd ot said eorpoiadon by them rwP~ctlvab a~euied a~ sueh ofnoera ior t~ ~ parpose~ tl~reta expre~~sd: tLat t6e ~eal thereuato attached ia t~ oorporate asal b7 tha~ ia 11ks capaclt~ at- tfsee: W und~ antbostty m ttwm~ du17 ~asted bp tLs Boud oi Directora oi ~aid eoeporatiao. ~PTi'Nr88 m~ hand aad oMcw ~ea1 tbU... o~ ~ 1~--- ~A~A , ~~~1) ~~~1T'Y. ~Lp' xotar~? PnLUc m aaa:or ~ g~, 1-V~ p~, .?E RIFIFD t~ Oo~aiq? aad Stats Atora~ate. 1~14~ ''y ~,e.: : ~ + ~ y0V Z P~ ~ 6 ~~Q~~~~~~~tT CO~RT ~ . ~~EaK a~K168 ~«2878 . ~ ~ _ ~ ~ . - s R_ ~ .