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HomeMy WebLinkAbout0704 8. Thwt (a) In the event oi any breach ot thi~ mortgage or detsult on the part ot Lhe rlortga~or, or tbl ln next ~e event any ot aaid eurr?~ of money he~ein refer~ed to be not prumptly and tully paid withfn Z~SXdK~~X 15 day after the same severally Decome due and payable, without demand or not,ce, or ic) in the event each and every the at~pulations, agreements, conditiona and covenanW ot said prom,sso~y nute and th~s m~,rtgage, any or either, are not duly. promptly and [ully pertormed, d~scharged, executed, effected, compleled, complied with snd ab:ded by, then. in elther er any such event, the saiJ aggregate sum m~~nt~oned in sa~d promissory note then remaining ungaid, with int~rest accrued, and aU ~noneys secured h.•reby, shaU become due and payable torth~vith, or there- stter, at Lhe option ot said btortgagee, as tully and completcly as ~f all ot the sald sunis of money were originaUy stipulated to be paid on such day, anything in sa!d prm~~~ssory note, an~i ~ or in this mortgage to tha cont~ary not- withstanding; and thereupon or thereatter at the optiun o[ said Aiortgagee, ~~•ithout notice or demand~ auit at law or in equity, theretofore, or therea[ter begun, may be prosecuted as it aU moneys secured hereby had matured prtor to ita institution 7. That in ths eveat thst at the Deginning of or at sny ttme pending any suit upon thia mortgage, or to fosecloae it~ or to reform it~ end/or to enforce payment of any claima hereunder, said Aiortgagee aha11 apply to the court having jurisdiction thereof tor the appointment o[ a Receiver, auch rnurt shall forthwith appoint • Recetver ot aaid mortgaged property all and singular, including all and aingular the rents, tncome~ profita, isaues and revenuea [rom whatever aource deri~•ed, ea. h and every ot which, it being expresaly understood, ia hereby mortgaged a~ it apecitically set forth and descrit,ed in the Rranting and habendum elausea hereot. and auch Receiver shall have all the broad and etfective tuncti~ns and ~~u~~•er~ in anvwise cntru~ted by a court to s Recelver~ and such appointment shall be made by auch court as an admilted equity and a maLter ot ab- solute right to aaid Mortgagee. and without reference to the adequacy or inadequacy of the value of the prnp- erty mortgaged or to the aolvency or insolvency ot said 1?[ortgagor snd/or of the defendante, and that euch nnts. profits. income, is~ues and re~ enue~ shall be applied Dy such Receiver according to the lien and/or equitq ot said Mortgagee and the practlce of such court. above described any additional loans or future advances made within twenty years fro y t e mortgagee to ~aid mortgagors or any successor in title of said mort a r y hereby conveyed; provided that the total unpaid balance of the indebt e y at any one time shall not exceed the maximum principal amount _ _ _ . _ . _ Dollars (s interest thereon and any disbursements made by the mortgagee for the pay- II~ WITNES3 WHERFAF. the said Mortgsgor has executed Wa mortgsge under eeal on Qhe and year herein tirat above ~vritten. 9iga aealed and dellvered in the presence ot: t + ~ . ~ (Seal) ..Q.w!-~._._.------ ` • (Y M. Edward A. Leary . .~1:~: ~G-~:.°.."•-•-....--••---......_ v ~ Seal) Wilma R. Leary 1 TE OF_.. ..~'~-!.'~:4.~5...~L".`<':t ~ ~t~~~ Q _ M. ~ EDWARD 1~. LEARY and WILMA R. LEARY Before ma persaaWy appeuea.....__._._._.__.._.. ' wi f e~,........._._........_. - to me wel?, known and known to me to Ae the 3ndividualS. described in and who executed the toregoing inetru- ~ ~y- ~nent~taad acknowledged before me that _~.hes~.. executed the aame for the purposea therein expreased. ; . A ril - ( , ~ 1.?,.~T~NESS ili~? Zl~ld BIld Of~CiB~ 8l81 LZ11D ..............w~.~..~ Of..._._~.~..--....w..........w_...«_._......r-M ! J • w'~ ~'7 Y ..YL~ `JG~` I~..A.l. w~ f . • ~ v t • ; a.- ~ . „y -~~~c~'~.".~"""_...__.. f ~if ~ No Pubuc in aad for f r.~ _ the County and State Aforesald. ~ " : " ' My commiesion expires: ~pI~tAI.D L. I' ~IA ~ ~"~STL~:4F......._......._-•----__.....--•----------- • ~°""'u~r ?~a wa C~UDI'TY~ OF_ j ~ ~ ~ ~ ` Before me personWY aPPearea• ~ aad Lo ms well lmown aad ~ knowa to me to be fhe-•---._._.._.._..._....---_........Preaident and Secretatp respectively of the corporetfoa naaned in the foregoing instniment, and known to me to be the perwiu who es auch ofDcess oi sald corpontton. ~ txecuicd the same; aad then aad there the ~aib----._...._.---M._...._.---.._ .............._..__....._....~__......_......__---.aad the sald . $ .................._........r..._ did acknowledge before me that said = lnstrument 1s the free act and deed of aaid corporat~on by them respecUvely e:ecutM ~u auch oflicers for th~ ~ purposes therein expreased• thst the seal Werounto attached 1s ths corporate seal bq tbean tn llke caFscity ai- ~ fixed; all under authorlty tn them duly vested by the Board ot Directors of aaid corparstion. ~ : ~ W1TNE88 my hattd aad oflicial ~eal t,hia ............._....._._..day oi_......~....~......_._......_...................v, 19.._... ' ~ ~ ~ ~ ~ . , . ~ f tl`0~ ~ N~ nV ~ Y ~F l~'• " xotary pubuc tn ane tor ~ J , ^ ^ . . . _ - ~ r the County aad 3tate Atoressld- ~ - . . '1~2~-~ , ~y ~~on _ ~ ~ , 2-~ ~C ~ 52 - ~ i 0 t~ o~~'~'r.~'~ ~ ~ O~-~pr._ j ~ ~ "t~~ - .ZCL' U p R ~r~ ~ ~RK,~ ~ C~ BDUK~~4 PACf.. f , , - ~ . . _ <r ~,v. . ~ _ _ . . . _ - - _