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HomeMy WebLinkAbout0134 4. That (a) la the event o! any breach ot this moct~aas or default ou the psrt o! the Mort~e~q~. or lbl ta the event any of said aums of money hasein eeferred to be not promptl,y and fully paid wiWa ~Y d~ys next aiter tM aame severally become due and paysble. without demand or notice. or (c) in We evant escb and every the ~tipulations. agreements. conditiona and ~~ovenants of said piomissory aote and this mortgage. aqy or eftbee, ar~ not duly. promptly and tully performed. diachuged. executed. etfected. completed, complied with aAd ablded by~ then. ia efthec or any such evant, ths aaid aggregate auia menlioned in aaid promissory note the,~ remsWn~ unpaid, with interest accrued. arud all moueys secured hereby. shall become dae and paysble forthwith. or tbera- after. at the optlon of aaid Mortgagee. ae fully and completely as if all of the said aums oi money were originaUy sUpulsted to be paid on such day. anythir?8 in aaid promissory note. end/or in this mortgage W the contrary notr withstanding; ar?d tbereupon or therearisr at the option of aaid Mortgagee. without noUce or demaad. suit at 1aw or in equtty. theretofor~s, or thereatter begwti may ba prosecuted as if all moneys aecured hereby had matuebd prior Lo Its institutlon T. That in tt~s avent ttut at the beqinnlaa of or ~t ae?y tlnae peading aq~? auit upon ttiL mortisge. or to forecloss i~, or to retorm f~ and/or to e.nforos payment ot any ciaiins hereunder. said Mortgages ~hall apF:y W the court having jurisdictlon Wereoi for the appointment of a Receiver~ auch court shW forthwith appoint a Receiver of aaid mortgagad propertY W and aingular. tncluding aU and singular We rents. income, Psotlt~. iasuea and revenuea irnm whstever +wuree derived. each and every of which. it Deing expressly underatood. i~ hereby mortgaged aa if specUically aet forth and deacriEed in the grant3ng and habendum elsuses hereof, aad such Receiver ahall have all ths br~oad and etfective Nnctions and powers in enywise entrwted bq a court to a Reoeiver. and auct? appointment shall be msde by iuch const ae an admitted equtty and s matter ot ab- wlute rigbt to aaid Mort~agee. and w[thout nference to ths adequacy or inadequacy oi tha value oi ths prop- erty mortgaged or to Wa solveacy or inaolvency o! s~id Mortgagor and/or o! ths defendants. a~W tl~at aucli renb. Proflb. income. isaua and rerenues ahaU ba spplied by such Reixivsr acootding to tta lisn andlor equit~? o~ said l~[ortgages and the practios ot such court 8. It is understood and agreed that this mortgage is given to secure. in addition to the note or obligation above described any additional loans or future advances made within twenty years irom date hereof by the morigagee to said mortgagors or any successor in title oi said mortgagors oi the pmperty hereby conveyed; provided that the total unpaid balance of the indebtedness secured hereby at any one time shaU not exceed the maximum principal amount oi Dollars Plus interest thereon and aqy disbursements made by the mortgagee for the I,ay- ment of taxes. levies or insurance on the pmperty encumbered hereby. with interest on such disbursements. IrT Wi1'1~iFS3 WHERFOF. the said ][ortgagor ha~ executed tWs mort~aas under seal on the dq and year 1?erein flr~t abovs wrltta~. si~aed, s~aled and aeliverae in the preseace ot: D& M IROBII,L HO]~S PARH ~ INC, . = - ~ _N As~A r@S3deIIt. . t~ ; . , • ~ ~ { b ~ I.T ' • V ` As Secretary : - ~ r, ~ e~ ' ; ~ ~ : _ ~ ; ~ _ :Y, ~ : C~•~O • 8TATa OF---..» ~~a y ~ ~ I,~/II/Nw.•. COUNTY OF......._____._.._....___.__....__ Befors me peraona117 aPP~are~--- " ; to me well lmown and known to me to be the individual._. descrlbed in aad who executed Lhe loreg~oin~ iastru- ~ mant~ aad acknowledged before me that ._.he..-. e~cecuted tttie aame for the purpoaes therein axpreseed. ~ r,` WITN~33 my haud snd oiifcW eeal this_ da~? 19_.._.. ~ ~ ~ { s Notary Public in aad ior ; ~ the Couaty aad Stats Atoresdd. FIA~tIDA My ooma~ston espise~: j ~ STA'1'$ OF..._....._.~ i oovrrtR oF._._.. l1ABTIN E : i Betore me personalll aPPear~ '~!~'~e 1linin er _ ~ ~~Mw l[arvin Z~,,, Wininge ~o m. w.n ~mo~.n .nd knovva to me to Ds tba....._ ~.......Pridaeat an re,pecclvelr or ---..D._.&...~...1~ tb. eorpo:.uoa aam~d in ths foresolaa insWm~n~ aod Imown to a~e to Ds th~ psrson~ wbo a~ w~ ofIIe~sn d add oorporat~oo. ~c~ we u~a: ana ~n aad ~ers c~. ,a~a._ Dennis F. llininger _ t,b..~ ~ _....__.._~~..r~~.9...Z.~ w~^i nB~r acmo~wi.as. e.do~. m. cbat wa ~ lnstrument f~ the trse act aad desd or said corporatton by theai resp~ctiw4 esecut+~d a~ mca omas~ tor tD~ ~ Az~ edr~~all ~nd~t wt~l,odle t~,n tMn? du17 wsted bytL~ Board o! ~Directoss~of N!A ~oorpozitioa. ta Wt~ cap~ltl at- WTPN!$8 m~ l~and and a~lfelal Mal t~.....~ 3^-'~=..~1 1~~ • ~ ' ' 1, FIlEO AND RECOR~F ~ . 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