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HomeMy WebLinkAbout0202 6. TGat (a) ln ths event of any breach o! thi~ mortgage or default on the pnrt ot the alortg+~g~r, or Ibl ta the event any of aaid aums ot money herein referred to be not promptly and tully paid within .id~ days next atter the same ~everally become due and payable, without demand o~ notice, or ~c) in the event each snd e~•ery the atlpulauons, agreementa, cond~tiona and ro~•enanW ot said promis;.~~y note and th?s mortgage, any or efthg~, _ are not duly. promptly and tully perlormed. disc;harged, executed, etfected. completed, complied v?tith and abided by, then. in eithe~ or any such event, the said aggregate sum m~•ntloned in said pr~m~ssory note then remaining unpa~d, with intrrest acerued, and aU moneys seciu-ed hcreby, shall becume due and pay~able forthwith. or therti a[ter. at the option of said atortgagee, as fully and completely as if all oi the said sun~s oi money were originally attpulated to be paid on auch day, anything in said promissory note, and~or in this mortgage to the contrary not- withstanding; and thereupon or thereafter at the option ot said blortgagee. ~a•ithout noGce or demand. auit at law or in equlty. theretofore, or thereafter begun. may be prosecuted a9 if all moneys secured hereby had matured prior to its lnstitution . 7. That in the event thet st the beginning of or at sny ttme pending any suit upon this mortgage. or to foreclose it, or to reform it, and/or ta enforce payment of any claime hereunder, said biortgsg~e ahall spply to the court having jurisdiction thereof for the appointment ot a Receiver. auch court shall forthwith appoint a Recetver oi aaid mortgaged property sll and aingular. including all and aingular the rents, income, profits, is~uea and revenuea from whatever source derived, each and e~•ei•y ot ~vhich, it being expressly undetstood, L herebp mortgaged a~ it apecificaUy set forth and descr~ted in the granting and habendum clauses hereof. and such Receiver ahall have all the broad and etfective functi~ns and po«•ers in anywise entrasted by a court to a Receiver, and such appointment shall be made by such rnurt a~ an admitted equity and s matter ot ab- so:ute right to sald Mortgagee, and without reference to the adequacy or inadequacy ot the value o1 the prop- erty mortgaged or to the solvcncy or insolvency ot said biortgagur and/or ot the defendants, and that auch renta. pmlit~. income, issues and re~•enues shall be applied by such Recei~er according to the lien and/or equity oi aaid Mortgagee and the pracUce of such cour~ 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligatiun above described any additional loans or future advances made within twenty years from date hereoi by the mortgagee to ~aid mortgagors or any successor in title oi said mortgagors of the property hereby conveyed; providecl that the total unpaid balance af the indebtedness secured hereby at any one time shall not exceed the maximum principal amount of _ _ _ . _ . Dollan (s plus interest thereon and any disbursements made by the mortgagee for the pay- ment of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements. II~T WITNES3 VHHEREOF. the said Mortgagor has executed this mortgage under seal on the day and yesr herein firet above writtea ~ Slgq~d. ~ aled and delive the presence ot: . _ ~ ~ , ri~ , - . . ~ ~ ~y ~ ane e ges ~ srw~ oF----r~v~ I..~fl.._._._.._._ ' f ~ ~u~" / ~ oF_la._.._.._,~..-n ~ ~ setore me pereon~uY apPeand~J .NE HEDGESi,,,.a sin~leMwoman~ I¢/KIl~ ~ i ~ ~ .......13_~.~' ....~'~i~.,~._..t.~.~.._..~'l.~~lr~~.._....____...._.._.. ~ € .J E j to me. ~?ell known and known to me to be the individual.__. described ia snd who executed the loregoing inatru- t ment, and scknowledged before me that .Sha... executed the same for the purposea therein expre~sed. ; ~ . .,~l~a~ ~ WITNES3 my hand and official seal this..__._....,~y....__dsy ot.._.._November . S ~ s w~ Notary Public in and for ~ the County and S~c~i~A, LAR6~ ~ My commiesion e:~!~4~.;,~:.i:,. J;~ c.. _ .s. 197~ ~ 7HROUGH FkCD W. UtESrELMOR9Z . : ' STATE OF r ~ k COUNTY OF ss. ~ ~ Betore me peraonsllY aPPeared ~ ~ to ms well ~owa and ; an~-- ~ ~ known to me to be the...--•°---_.~..__.....__~..._..President and...._.._.._..Y_...~._.r.__._.........~._..__......__...~...._... Secretary respectively of ths corporatlon ~ named in the foregoing instrumen~ and knowa to me to be the peraon~ who tu auch ofIIcers of said corporaUon. ~ .anA the said ~ executed the same; aad then and there ths said.__....._..._.._._..._.._.._-------_..._._...~..........____.........._.___ ¢ ._._did aclcnowledge beiore me that safd . Wtrument fs the free act and deed of said corporation by them respectlvely executed aa snch attlcers f°r ths ~ purpo9ea therein expressed- that the seal thereunto attached U ths corporate seal by them in like cspaclty ai- fiued; all under anthorlty tn them duly vested by ihe Board a! Directors oi aaid corporaUon. , W1TNF3$ my hand aad oiDcial seal thie--••----•-- ...._day oi..........~.._.....__. 19.._._ _ rt~ - Notary Publlc 1n and for =-3 the County and 3t~te Aforesald- ldy comml8sioa espirea: r _ j - ~ eooK PAGf 2dz i ~ ~ _ , ~ = ~Y ~ ; ' ~ - ~ ~ se W. ~ _ . _ r. .