HomeMy WebLinkAbout1096 fces, rea.4onablJ inctcrred o~
paid at'un y'time b~/ said .hiortgagee Lec~ttcse o~' the failure
on the part of the said .hfort~'a~or to perform, comply :vith acnd ubide by each and
every the stipulatio~is, conditions and cove~ia?~ts of sai~ pibmissory note und this deed,
or either, a~td every such pa,Jment shacll bear interest frorn date at tJae rate of
per cent. per annum.
To keep the brcildi~a~ now or hereafter on said land insurec~ in ac s:cm not less
than dollar.s, in a companu or cnm~~anic.s to he
approved by sai~l .M~ort~a~ee, an~ tlae polic~ or policies held bj a~a~ paJahle to said
.hiortgagee, a~ad ir~ the event an~ sic~n of naoneJ becames payccble :crcder srecl~ pulic~ or
~.~l~.~i.vc, #hp _~Inrt.~n~Pe shall have tb~ o~tion to receiae and aJ~plJ thc .ume on acco~u:t
of tlte indebtedness IcerebJ .~ecrired or tu ~~erniit 11ie .~1io~•t~a~or tu receirc anc~ icse it, or
any part thereof, for oth.er p~crposes, witlcorct tle.erehJ waavi~g or inrpairi~ag any equity
lien or right under or LJ virtue ot' this mort~ccge, and ntay pluee nnd ~uuy for such
insuranee or an~ part thereof, withotct tvaiai?i~s or cc~j}'ectir~g the option to joreelose or
any right lcereun~er, nnd, each and every such. payme~tt shnll hear in.terest fi•om d~ite
cat the racte of per eent. per annrcrrz.
5. To perrriit, eommit or suffer no waste, impatrntent or deterioration of said
prnperty or any part thereof.
6. To perforin, - comply with acnd abic~~e by edch and everzJ tlie sitpulations, a~ee-
ments, conditions and covenccnts in sdid promissory note and in thi,s c~leed set forth.
7. If any of suid sum~s of rr~oney herein referred to be not promptly and fultJ paid
within c~rJs next after the ~wme severallJ beconze dice anc~ payable,
or if each ccnd every the stipulactions, agree~nents, conditions and covenants of said
promi.ssory note and this deed or either, are not dul.y performed, complied with a.nd
abided by, the said ac; ~sre~ate sum mentioned in said pro~nissory note shall beco»ae
due and pcaycLble forthwith or thereafter at tlte option of the ~klortgagee as fully and
eompletely n,s if the sc~ic~ a~gregate sum of
dollacrs was originallJ stipcclated to Le paid on sueh d.ay,
anything in said pro~nissorr,/ note or herein to the contrary notwithstandin~.
8. T'l~ JK'ort~a~ee »tcty, at any tim,e while m suit is pendin~' to foreclose or to reforna
this mor~~~ge or to enforce dny cJaims acr~,sing' hereunder, ccpply to tl~e court luavin~
ju,risdiction thereof for the appointnaent of a receiver, and si~ch cowrt shatl forthwith
ctppoint cz reeeiver of the pre~rcises acnd all other Nroperty covered here by, inclualing all
and sin~uuir the iRCOme, prnf'ats, rentg, issurs dnd revenues frorn whactever source de-
rived, aatd such receiver sh.cttl have cttt the brnad ctnd effectiae functions can~ powers in
ctnywise ~~atrusted by cL court to a receiaer dnd such ap~uointm ent shall be »za,de by srcch
court as ax~ admitted equity and ac matter of c~bsotute right ta said .hfortga~ee, acnr~
without referi~nce to the a,dequacy or inac~equctcy of the vdtrce of the prnperty nLOrt-
gucged of to th~_solvency or znsotuency of scud JKort~a~or or the d.efendants, arcd such
incorra~e, prnfitg, rents, is8ues and revenue~ shall Le applie~f by srcch receiver according ~
to the I~r;en of this m.ort~a~'e and the praetice of such court. 1
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4 .~Zt ~tftlpS$ ~~PreD~, the 8aid JKort~a~or h,ereunto sets his hand and
~ seal the da~ and year flrst above written.
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~ 3i~ned. Sealed and Delivered in Preeence of: ~
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