HomeMy WebLinkAbout2910. 4 i
d. That (a) in the event of any breach o! this mortgage or default on the part of the Mortgagor, or (b) to
the event any of said soma of money herein referred to be not promptly and fully paid within ten days pert
attar the name severally become due and payable. without demand or notice. or ic) in the event each and every
the stipulations. agreements, conditions and covenants of said promissory note and this mortgage. any or either
are not duly. promptly and fully performed. discharged. executed. eftecte~ completed. complied with and abided
by, then. in either or any such event. the said aggregate sum mentioned in said promissory note then remaining
unpaid. with Interest accrued. and all moneys secured hereby. shall become due and payable forthwith, or there-
after. at the option of said Mortgagee. as fully and completely a, if all of the said soma of money were originally
stipulated to be paid on such day, anything b said promissory note. and/or is Chia mortgage to the contrary aoG-
withatanding• and thereupon or thereafter at the option of said Mortgagee. without notice or demand, suit at
Lw or in equity. theretoforq, or thereafter begun. may be prosecuted as if all moneys secured hereby had matured
prior to its Institution.
7. That in the event that at the beginning of or at any time pending any suit upon this mortgage. or t0
foreclose it. or to reform it, and/or to enforce payment of any claims hereunder. said Mortgagee shall apply
to the court having jurisdiction thereof for the appointment of a Receiver. such court shall forthwith appoint
a Receives of said mortgaged property all and singular. including all and singular the rents, income, proSts.
.issues and revenues from whatever source derived, each and every of which. it being expressly understood, b
hereby mortgaged as if specifically set forth and described In the granting and habendum clauses hereof. and
such. Receiver shall have all the broad and effective functions and powers in anywise entrusted by s court
to a Receiver. and such sppou-tment shall be made by such court as an admitted equity and a matter of sb-
solnte right to said Mortgagee. and without reference to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency o! said Mortgagor and/or of the defendants. and that such
rents, profits. income. issues and revenues shall be applied by such Receiver according to the lien and/or equity
of said Mortgagee sad the practice of such court.
above descri ' ' loans or future advances made within twenty years from date hereof by the
mortgagee to said mortgagors r in title of said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of a hereby at any one time shall not exceed
the maximum principal amount of .. ----- --------_-- ----- ----------------------- _.__~___ ...._..------_-------..... Dollars
(i .-..-. ---- - ----- - - - -----. ----- ---) . Plus interest thereon and any disbursements made by .. r the pay-
1N WITNESS giF3ER>8OF~ the saki Mortgagor 1w executed fhb mortgage under seal on the day and year
herein lint above written.
Signed, sealed sad delivered in a presence O
~cs _ _ ~ tel. EAL)
.D i ~ - A~-6hur L. Corace
L)
F. Corace
sTwTE of Pennsylvania ~~
p~ .~
COUNTY OF._.f11.1e'' .~.N_~_..__
senor. me psnmally a Arthur L. Corace and Beatrice F. Corace,~ his wife
,.-
to me well known and known to me to betthe.tadividual_S described is sad who executed the fore~pt~i~'~,•
meat, sad acknowledged before me that ._.h a:ecuted the same for the purposes thareit- exPr'esse~ J ~~...~ ....,~~.1~-,--
wrrNESS my band sad official seal tlhils-c.~,a~.-- day _ ~- .
,,, , ;Y
101011E lEE PASTO110S. NOTAR7< PISA % .-`~ r~ • -w ~ •
~r q rep
600K ~ 19 PACE(.,~VO ptEMtxooe lo~ouwl. -uE(~ritor~lTn .' -
M1I t0-WISSWN ExPItEt !1+111. I a ll1 Notary Public in for ,. ~. ~' • ~.,
the County sad State wtoresats~.; ~ • ^~; -