HomeMy WebLinkAbout1100 fees, rect,sonaLlJ inctcrred or
paid at anJ ti.»te b~/suid .~ia•t~agee Lec~itcse of tlte failure
o~i the part of th.e sc~id JU~rt,gagur to ~erfurm, co~nplJ tuii,~ und ~tLide L~ euch and
ei~erJ the stiptclatio~rs, conc~itions and eove~iants of s~ri~l pio»tissarJ itotett~td tltis ~ee~l,
or ei~lter, Qiad ~verJ srceJc paJment sliatl Lear iiiterest fi ona date czt tlce rate of
b - per cent, per annu~n,
To keep the bicilalin~ now or ltereafter o~a said lun~l i~i.suretl• i~a a sit~n ~rut less
than d.ollanc, i?t ac cumr~t~ay or cnnaJiu~eies to be
app~•ot+ed LJ sui~l .htort~a~ee, anc~ tlre policJ or ~~olicies /ield bJ a~a~ ~xii~able to satid
.hiort~sa~ee, aiad i-ir. t/ee event ani~ sri-nt of ntoneJ l~econtes ~uaJccble ic~c~e~• srccl~ J~ulicJ or
policaes, tlte ,~ivrt~a~see shall haUe t/~~ option to ~PCCit~e and a~~J~1J the +unr~ o~c ~~cco~uit
of tlte i~atleLte~ness /re~ebJ ,•~eCtc7Pfl O!• to l~er»t.it t/t~ ~)lort~a~or to ~t~ccire ti»~ t~sc it, or
anJ part tltereof; fw• ot/rer p«~>>oscs, tvLtllOtLt tllPrebJ ic•aiviii_o or iiu~~airi.n.~ ani~ eqrcitJ
lie~a or ri~ht rc~~cler oi~ LJ virtr~e u~' tiii.ti n:ort~scr~e, a~~tl nruJ ~~lace ~r~rd ~~u~ for s:~c/i
insrara~tce or an~/ part t/cereof, zvit/torct i~aiz~ii~~ ur jj'ectin~s t/tP option tu joreclose or
anJ ri~ltt ltereun~er, ~tntl euch. a~td everJ s~eclt~ J~aJnte?lt sh~~ll bPar interest fi•o»i ~~ite
ctt the rate of per cent. per an~aram,
5. To permit, comrriit or suffer no waste, impczirnaent or ~eterioration of sar.id
property or anJ pcLrt thereof.
6. To perform, comply zvith and abic~e bJ each an~ everrJ the sitprclations, a~ree-
m,ents, conditions and covenants i~a said promi,ssortJ note and in, tlais deec~ set forth,
7. If anJ of saial stc~ns of moneJ h.erein referred to be not pront.ptlJ and frctlJ ~xr.id
within 30 ~RJs next after the some severallJ Lecome c~rce and paJable,
or if each and everJ the stip«la~ti~ns, a~reem-ents~ conditions a~id coae~aants nf said
promi,ssorrJ note and this deec~G or eith.er, are nof dul.J performed. com~vlied tcith. and
abided by, the said agsre~sate sum naentioned i~a saic~ pror,~:s.so~y note shall Leco»ae
dcce and paJable forf/awitlc or tlrereafter at tlce o~~tioia of the ~3tort~sa~see as fully and
completelr as if tlre saic~ a~gre~sate sum of Nine Thousand Five Hundred fifty
and no~00 ($9, 550)--dolla~s was ori~i~aullJ stiptclated to Le paid on srcch da~,
anythin~s in said promi,ssory note or ltsrein to t/ae co~atrarrJ notwitlcstandin~.
8. The .hfort~ct~'ee may, at any time u•hile m suit is pendin~s to foreclose or to refor»t
this mort~age or to enforce any clair~ts ar~,sing h.ereunder, ctpplJ to tlre court haaing
jurisdiction thereof for the appointment of a receiver, and such corcrt .shall forthwith
cappoint ca reeeiver of th.e prerrtises tand all other ~iroperty cuvered here Lr~, i~nclicdi~ag all
and singular the income, profits, rents, issues und reve~atces frona whatever source c~e-
rived, and such receiver shall have all the brnad and effective functions acntil potvers in
anywi.se entrusted by a court to a receiver and such appoin t~n en t, sha tl be nur~e bJ s~cch
eourt as cart~ admitted eqicity and ct matter of absolicte right tu said .1Kort~'a~'ee, ccn~
without'~reference to the adequacy or inadequacr~ of the valiie of the property n~.ort-
~a~ed or to the solvency or insolvency of sdid .~lortgac~or or the ~lefendants, cLnd stcclr.
income, profats, rents, issues and revenues ~hall Le appliert by srcch receiver accordir~g
to the ti,en of this mortga~e and th,e pra,ctice of such court. ,
~n ~tf~~~ ~l~Prpuf, the said Jlfort~agor h,ereuntv set,s his liand and
seal the day and year ~trst above written.
i ed. Sealed d D~,l~i~rered itt Presence of:
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~ Bo~ ~ 7'4 P;,~i097
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