HomeMy WebLinkAbout2866 fees, rea.sonctv~y tneurrea or paza aL any cime oysaiu .mv~cgugee veccause u< <it~ /aic~ire (
, on the part of the said .hlortgagar to perform, comply with and uLide Ly each and
~ euerr~ the stipulati,ons, conditions arcd covenan.ts of said prontissory noteand tlais deed,
or eather, and rvery such ~ayment slutll bear interest from date at tlee rate of-------
eight per cent. per annum.
To keep the building now or hereafter on said land insured in a sicm not less
than highest insurable value in a eompa~ay or compani,es to be '
dpprnved by saial .hfortgagee, ctnd the polic~ or policies held by and pa~able to said
JKortga~ee, and i~. ihe event anJ sum of mone~ becomes payable under srcc/a pulicy or
polieies, the .Mort~'a~'ee shall haue t/~e option to receive and apply the .ame on acco~cnt
of the i~tdebt~edness lierebJ ~cecrcred or to permit the .~11ort~a~or tu recei.ve and rese it, or
any pctrt thereof, for oth.er prarposes, without th.erebJ waavia~ or i~npairin~ any eqrcit~
lien or right tc~tder or LJ airtue of this mortg'a~se, anc~ maJ place and pu~ for sucli.
insurance or ccnJ part tle.ereof, witho~ct waivi~eg or u~ecting t/ie option~ to joreclose or
acny right hereun~er, ct~ad euch acnd every such paymen.t shnll bPar i.»ter~:st fron~ dir.te
cct the rn~te of eight per eent. per annum.
5. To permit, commit or suffer no waste, impairment or ~leterioration of said
prnperty or any pcLrt thereof.
6. To perform, eomply with and abide by ec~ccch and every tJre si.tprcla.tions, cr.gree-
ments, conditions and covercants in said promissorr~ note and in this deec~ set forth.
7. If any of said sun~s of money herein referred to be not proniptly and ficllJ paid
witlain fifteen cUtys next after the same severallJ beconte dree and paJahle,
or if each and every the stipulati,ons, a~reements, conditions and coaena~ats of said
promi,ssory note c~nd this deeaG or either, are itot dulJ perfor»ced, complied witli and
cabial~d by, the sacid cL~~regate su~rt mentioned in sccic~ pro~nis.~o~y note shall beconae
due and pdya,ble forthwitl~ or thereafter at tlce option of the ..11ort~sa~ee as fully and
cornpletely a.s if'the saul c~ggregate sum of ~o Thousand Three Hundred ~enty-
Four and 80/100-------dollars was orig'inatlJ stiprclated to Le paid on stcch. d.ay,
anythin~ in said promissory note or herein to tlre contrary notwitlistandin~.
8. The Jllortga~ee maJ, at a-ny tinte u~hile c~ suit is pen~li.n~ to fnreclose o~• to reforni
tl~is ntort~age, or to enforce any claims arisi~i~ herercnc~er, appl~ to tlr~ eorcrt hrr.z~i~r,~
jraris~iction th.ereof for tlte a.ppoin.ime~it of c~ receirPr, unc~ ~crce,la cor~rt shalt forthzvifh
(Lp~)Ol)1.t (L 7'eCP.tUP,P Of tllC nT8ir1-LSBS CL7ZC~ pIL OtJ~Cl• pro~:er~J eoner~~l h~rr, bi~, inr,lrt~i.n~s all
a~ad ~i.ngiclar tlre i~acome, ~urofits, reiats, issucs a~id revenues fi•oni. rrlintevPr soicrce dE~-
ri.ved, anc~ stccli. receiver shatl Ir~Le atl tlte broacl a~c~l effecti.LC f[fI1CtE0)LS Q71(~ J107[•P~.s in.
ctn~/tvisr. entrrc.sted by cc coz~rt to cc reeei.uerutidsrt.clr. nppoiu.lnaeirt, sh~~ll Lr, niade b~~ su.clr.
corcrt as an. atlnaitted e~tci,fij and ct matter of absol~~te ri~/rt t~, sc~i.r~ aiort~a~ee, anrl
u~ithnzct reference to tlre adeqccacJ or r:~ratle~~u,ac~~ of the va.lice of the p~v~pertr~ nrort-
~a~sed or to th-e sotvenc~/ or i~csoLvenc~ of said .~tort6a~or or tlrP ~efencla~rtc, a,ircl ~r~c%
income, profits, rents, issues a.nd revenices shnll Le apJ~lie~ by .sr~cli. rcceiter acr.or~li~~~~
tn tjie lien of tlai.s mortsa•ge and the practice o~' ~uc1i. court.
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In Witnees Whereof~ the said Mort~a~or hereuntv set,s his hand and
seal the day and year f~rst above written.
- SiRnsd. Sealed and Delivered in Preeence of:
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