HomeMy WebLinkAbout2390 8. TLat ta1 In the svent o! ~y M~eact~ ot thL: mortgaae or detault on the part ot the I?tortgrgdTr,~or Ib1 1a
the eveot any oE aaid suma of money hereia re[errr! to be not promptly snd fully paid within ~ days next
attee the same severally become due and psyable, without demanJ or not~ce, or ~cl in the e~ent oach and every
the st~pulat?oas, ag~eemcnta, condi:~ons and rovcnanW of s.ud promiss~~y note and thu mo~teage. any or either.
ue not duly, promptly and tuliy pcrto~med. d~schar~ed, executed. e[tecte~, complcted. complied with and aDided
by. then. in e~the~ o~ any such even~ thc sa~d aggregate sum mrnUOned i~ s1~d promissory nott thea srmaining
un~d. with intere3t ace~ued. a~d all mone~s se.:ured h~reby, shall become due and payable torth~vith. or tfiere-
a[ter, at the option oI said 11io~t~agee, as h:!ly and completcly as ~1 all o[ the ~d su~us o[ money ~~ere originally
atipulated to be pai~ on such day, anything in said promissory note, and; ot u~ thia mortgage to the cont~ary not-
withstandtng; and thereu,~+on or therestter at tRe optian o[ said 1?Iortgagee, ~.tthout notice or demand. suit at
;sw or ~n equity. thereWforq, or thereatter begua. raay bs prosecuted as it aU mone}r~ secured hereDy had maturM
prtor to its in;titutioa _
~ T. That in the eveat that at the Degira?iaa ot or at anp time pending aay suit upon this mortgagc. or to
foreclose i~ or to retorm it, and/or to enforoe payment ot any claims bereunder. ~aid Mortgagee ahall apply
to the court having jurtsdiction thereoi tor the appointment ot a Receiver. such court shatl torthwith appoint
s Recelver of said mortgaged pmperty all and singular. including all and air~gular the rent~. tncome. profita.
issuea and revenuq irotn whatever sourv~ derived. each and every of wluch. it being expresaly understood. is
hereby moctgaged as it_ap2cifically set forth and descrit.ed in the Rranting and habendum clau~q hereof, and
auch Receiver absll ha~ e all the broad and etlective tunctions and Ew~~•e~ in any~vise entrusted by a court
to a Re~.~eiver, and auch appointment shall be made by such court as sa admitted equity and e matter of ab- ,
solute right to aald Mortgagee, and without reterence to the adequacy or inadequacy of the value ot the pmp-
erty mortgaged or to the solvency or insolvency of said Mort~ago~ and/or ot the detendant~, and that such
renL~. proRts, income, issuea and revenues ahaU be applied by such Receivet ~ccording to the lien and/or equtty
oi said Mortgagee and the practioe ot aueh coust
8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligalion
above described any additional loans or future advances made within twenty years from date hereof by thP
mortgagee to said mortgagors or any successor in title of said mortgagors of the property hereby conveyed•
providecl that the total unpaid balance of the indebtedness secured hereby at any one Ume shall not exceed
ihe maximum princi~al amount of _ _ . . . _ _ _ _ . . _ _ Dollars
(S plus interest thereon and any disbursements made by the mortgagee for the pay-
mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disSursements_
IN WrtTIF.SS W~iEBEOF. the aatd Mortg~gor has executed this mortgage under eeal on the day and year i
, herein first above ~nitten. .
3lgued. aealed and delivered in the presence ot: '
~
. ~
` . •
_ ~p
;
{
3TATE OF_....».. ~ ~ i
COUN'1T OF._ . _
' ' ~ ' ~ ~ ~ 8milie C M nfr
'~*tc~re me~personauy ~p
~ : ~
; .._.~._.._....__..._.....w__.... 1
= td m4 vvell kuovi?t~' !~d known to me to be the individual____ described in end who executed the foregoing instru-
men~ at~d a~kno~?~AOSed before me that ._.ha ea~ecuted the same #or the purposes therein e~cpreoxd. ~
~ ,
- . . . . ' Q D@C@Ql~r lY
s? ~
_ypj~q~jE~3 my hand and ofAcial aeal tt~.._lO - dsy ot..
. . D ~
~ ~ ANO RECORDE - ' ~ t
FILED ~OUNTY. FI.H. ~
_ S-~, ~v c „ Notary Pnbllc in ;
" ...;.CO~T~ . ER~F~ 5 u,e councy aaa sc. a. :
~63U5 My commis~ion Pxpires~~~rl
a,~-~- a°. ~%`P `
$TATE OF----...__.._.....___~._._~----------"1 Q . 22
COUNTY OF._._...__-•------ -.~t~ - • 2 ~ ~ a~,,~ `
:
~ Before me personally appeaced.._..._.__.___~....._..~_ _ _ ,
an~_...~....._.._.... ~I v. to me weII lmown end -
~~c ~
known to me W be the..._..._......:.._..___.______..Pnaident ~a ~~~7
respectively oi ~ the corporatloa
nsmed in tDe foregoing inatrumen~ aad known to me to be We M~~ who as auch oi~cers ot sald corporatlon.
ezecuted the same: and then aad thera the ~aid_~__....._~... and the ~aid ;
a~cknoWledge beiors me that ~aid
instivment ts the iree ut and deed of satd oorporatioa bq them reapecUvely ezecuted as auch otAcen for the
~ purpoaes tt?erein expreaxd- that the seal tt?enuato attached Is the corporste aeal by them tn lilcs cspaaitY at- .
fized; all under autborlty in them duly vested by the Board oi Directors of said corpontion.
W1TN~,'SS my haad sad o~ticial ~eal this-____. day os..~.. i~-----
~
Notar~ PubHc in and for ~
the Co~t~t~ wd 3bta Aforeaaid-
uw off+C~ ~ey ooma?Iadoa e~cpires:
OUGHTE&SON d~ OUC,HTEK$pj~ - .
r. a oa?w~ as
sruwtT, a.ortia? 3~s " `
B~K169 PAGE237Z ;
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