HomeMy WebLinkAbout0759 8. Tdat (a~ In the event ot any breach of thia moctgage or a~fault on the part ot the btottgngor, or lbl la
the event any ot aaid aum~ ot money herei~ ~eterred to be not promptly and tully psid within ten days next
•iter the same severaUy become due and psyable, without demand or notlce, or ic> in the event each and every
Lhe et~pulutions, agreements. conditiona and rovenants of ss~d prom,ss.~~y nute and this murigage. any ar etther.
tre not duly, promptty snd tully performed, d?scha~ged, executed, etfected, completed, complied with and abided :
by. then. in e~ther or any such event, the sai~ agg~egate sum m. ntioned in sa~d promissory note then remaining
unpaid, with fntere3t accrued, and all money~ sec~~e•ed h~•reby, shaU become due and payable torthwith. or there-
a[ter, at the option of said Atoctgagee, a9 [ully and completcly as if all o[ the said sums of money were origins.lly
atipulated to be paid on such day, anything ia sa?d promissory note, and %or in thia mortgage to the contrary not- ;
withstanding; and thereu~on or thereafter at the optiun of said Alortgagee, ~~•ithout noUce or demend. auit at
lsw or in equity. theretofore. or therea[ter begun. may be prosecuted a9 it all moneya secuced hereby had matusM
prior to ita institution.
T. That in the event that at the beginning ot or et any tlme pending any suit upon this mortgage. or to ;
~ fonclose i~ or to reform i~ and/or to enforce payment ot any clsiena henunder, aaid Mortgagee shall apply
to the court having jurisdiction thereof for the appoin[ment ot a Receiver. euch court shall forthwith appoint ;
~ a Recziver of aaid mortgaged property all a~d aingular. including all and aingular the renta, U?come. profits. ;
iasuw and zevenues from whatever ~ource derived, each and e~ ery o[ which. it being expresaly underatood. L ~
hereby mortgaged a~ if apecifically set forth and descriLed in the gr.uiting and habendum clauses hereof. and
such Receive~ shall have sU the broad ~?nd ettective functi~ns and powera in anywise entruated by a court
to a Receiver. and such sppointment shall be made by auch court as an admitted equity aad a tnatter ot ab-
solute right to aaid Mortgagee. and without reterence to the adequacy or inadequscy of the value of the prop-
erty mortgaged or to the aolvency or insolvency of said 1?iortgagor and/or ot Ne detendanta. and thst such
renta. ptotits. income, issue~ and rerenues shall be aHplied by ~uch Receiver sccording to the lisn and/or equity
o! said Mortgagee and the pracdce of such cour~ .
8--~t~is-tntdt~rsteoa-a~+cl-aaeeed-lhek-lkis-w~erlgeg~+e-gi~Q~?i~eee~rn-i~~ddi~oe~-te ~i~eliet~
above ~eseriber~aeeSredd~lie~~oa~a~-~t'~r~a~l+wf~eec-r~o-vrriti+~-twe~yr-yeat+e~row~-~leie-Aereo€-by-t#~
rne~t~agee-lo-t~eid-~xc~rigogere~or-ewy?~erc.~eeesac~Lifie~ oE..s,aid-morigagos~~of-ih~~soP~ji~-~~~~~~
~sovidoci~ it?afriiw ~ota~-~+c~aid~al~ o~t~w-iAdobteds~sc-caouredawseby-~t-any-e~~~.s~a~l-wot ~xoe~ -
tl+~-n+ex+++Re~~priweepe~-aiweuw~-ef---.--.-----.---.-..R.-.-.~.--...._r.- -----.'..------~----~s33ar~-
( i-------------1 ~i1~is.iD~SRtesttk~tefln. an~aiv~13isbrrs~wewtc.~d~ by- stw.swostgagQ~ sos ~be-pay- -
inc~ni-d-esue~-~eaees-or ~aranee~e~+-il~e-pre~eni+y -ewwur?b~'~~SOroby,~.waik-+~~t-oa-sYOi}-disb~~~is.~-
II~T W1Tr1ES8 WHERFOF. We safd Mortgagor hes executed this mortgage under seal on the day and year j
Aerein tirat above ~?ritten.
3lgned. d the prexnce ot: _ ~ ~
~
~ (SEAL) ;
ic ar A. Li t e, Jr . ' ~
Q .___..__...__.~....1 ~~..~-4~?._ _ ~ r, .
~C. r t7.~:, (sE~)
L rzta
-I~.
Little
srw~ oF---_._Els~.id~._.
COIINTY OF..._.M.4~X~a.X1..-•-----------•---.
Betore me pessonally aPPeared--_._.-...~.~~.._.A.....-~~-r-...?TB.....dI1l~....I~
j • a; :1 ~ .................___.._.........._-----------...._...----...LI.TTI,E,....h_is...~tif.~.,.._..---_.......__._..._._......._._._......_ ~
. ' ~....-~r, ~ . :
~::~p ~•~~ll.linoqirn and known to me to be the individuslS. dwcribed in end who e~cecuted the foregoing instru- y
I •~.~eRt~~h(1 ~cloiowledged before me that ~_he.Tf. executed the same for tha purpwea thenin expresaed. ~
( - (1''• * ,~'~'NES3 mq hand and oificial eeal this_.._.°1?.~...:r_._....dsy oL_,..r.....~. 1~.~. ~
~ , . . ',w
~ .~.I.'.i•~~ - ~
' R"~ , the
C~oun Atonssld.
-
• '
My commission ezpires: <
STA'I'E OF F~~a~l.^„ ST p~ES 1UNE 119 1970 ZGE ;
~ AISSION D~ ~
~ COUNTY OF.........»~.....__...»._..........». _ MY GO!IM W. DtES7ElHORSr ~
BpNCED THRO~'H F~ '
Befors me personally appeared_.._.__......_..._ . .
and to ms well lmawn aad
knowu to me W be the..._._..._._.__...._.._. ..President and...._~._......_......_..._..._ Secretar~
respectively ot _ the oorporsUoa =
•
naancd in the fongoing instrumeat, and known to me to be the persons who a~ such olIIcer~ o! satd corpontlon. ~
aad ths ~sid ~
ezecuted the same; and Wen and there ths ssid.._......_._...~......._._.._.._.._._.___.._.._..~._..__..._....._...._.._.. ~
~ ~
~
~ ,_...dfd ack:wwledge before me that said ;
~
ecu
~ in~trument 1s the iree act and deed of aaid corporation by them respecilvelY eac~cuted as nuh °!licen for th~
~ pfiu~all undernauthori~ them duly vested by the Board~ Dincto
~ said corpor
stion. tn liks capuity af-
- WITNF,SS my hand and of!lclal ~eal this-... _._dsr oL..r.....-----._..._....._...._....~ 19---
~ ~
~ f~LEO OU . fLt~.
~ ;T. LUCI~lo R t~~Y~ED~
~ = r t,::. t~ V F~% ths
G~o tY ~nd State fAtore~std.
1~~p~ y
~dy coma~iadon ezpina:
~
;
~70 AP4? 28 ~?M IQ ~ t
~ ~-~c
~n ..-.c~:~ ~~?;:R:. U T
~ ~R~; C~RCUIT CO R
0 R~S~ PACE.~ i i?~
~ BOOK
; - _ - I ~
_ . .r _ _ : ~ _ .