HomeMy WebLinkAbout2322 6. That (a1 1~ the event ot any breach ot thi~ mortgag@ or default on the pnrt ot the ~Zor;sa~;or. or Ibl la
L`~e e~~ar.t any ol Sa1d sum, ot money herein ~e[e~red to ba not promptiy an.l Rjliy paid w~thit? ten daya n2xt
a:ter the s;.me se~ecally become due and payable, without demand or notice, or ~c) ~n tY.e e~~ent each end e~~ary
t:,e s:<<•ulacions. agceer.~ents, cond?tlons and covenanta of a~~d prom~ssrny note and tr~s n:orioa~e, any or e::Y.el,
s: e:.~; dal}•, promptly and tully performed, d~schar~ed, executed, effecteJ, completed, compiied w;~~ and bb:d~d
by, then. in c~i.tier or any such event. the said aggregate sum m.•nuon~ui in satid prom~~sory r.ote L:.en rema:n:ae i
u.:j a:d, ~~~i:ii int~rest acerued, and all R10R@YS secure~ h.•seby, shatt become due and , a3ab:e forth~si:h, o: .here-
~f:~:. a; ;I:a o~iion ot sai3 ~tortgugce, as iully and comph:tcly :?s it a:l of the sa~d su:us of moncy r~•ere orig:na:;y i
s:i;:::a:c~ ua pai.i on such day, anything in as?id promiasory note, cu~d!or In this rnortgage to Lhe contr~:y not- ~
a-.:*s;a:::iae; and thereupon or the~eafter at the optiun ot sa~d AIortbagee. ~vitho~t no:ice or dc7an3, scit at
1~:~ o: :a e:~u:ty, theretofora, or thereafter brgun. may be prosecuted as ~f all money9 secured hereby hsd matured ,
p:.o: :o t.s ?ns:itution .
.::aC :n tha e~•enL Lhat at iha beginning ot or at uny time pending any suit ~a~on tt.:s mor:sa~e, or to
:.:~::os~ it. or to re:urm it, nnd/or to enforce pIIyment ot any cia,ms hereunder, said 1lortgagee snall ~.pp:y
to ;ha cuur[ ha~•1ng junsdiction thereof tor the appointment of a Receiver, sucA court sha:i forthtuith ssppo:nt
a Rr:eirer of said n:origaoed property all and s~n~~lar. ~ncluding all and s:ngular ihe rer.ts, ir.come~ ~roaLS,
iy_u~s ar.3 re.enue~ from ~vhate~~er source deri~~ecl, each nnd e~•ei•y of ~vhich, i: being expre;s:y understaod, is
hezeb}• mor:~abed as i: spec~ficaUy set torth and descrited in the ~ranting and haGendum clauses hereaf. and
sucy Rec~i~~er saa2: ha~e Nl ihe broad "and affecti~~e funeii~ns and ~~wcers in ar~y~~:se e~irus:ed by a cou:t
:o a R~cei~•er. and such appointment shali be m~ade by such court as an adm:tted cr,uity and a matter ot ab-
so:u;e ri_;hL to said ~fortgagee, and without re[erence to the adequacy or inadequacy of the val~o c: i:~e prop-
e:.~ ir.o::gaoe3 or to the solvency or inso~vency ot said ~fortgagor and/or of the defendants, anZ that sach -
r~r.:;, p:o:i[s, income, isaues and re~•enues shall be applied by such Receive~ according to the lien and/or eqti:ity ;
o: sa:d ~;ortgagee and the praciice of such courG '
,
i: ~s tir.derstoo3 and agrecd that this mortgage is given to secure, in addition to tke note or ob:igaticn t
aco~•~ described an~ additionat loans or future advances made within twenty years trom date t.e:eo: by tn2 ~
a: ;;;,~ea :o said mortgagors or any succe~or in title of said mortgagors cf tF.e prope: ty hereby CGIIYG}'Ea; :
p:o~•i~ed that the total unpaid batance of the indebtedness secured hereby at any one time sna:l not exceed }
e r.iax:mum principal amount of _ _ . _ . _ _ . _ . _ _ Do2:~rs ;
~S p2us interest thereon and any disburser.~en:s m:.de by the mortg~gee :o: tne ~ay- ?
o: taxes, Zevics or insurance on the property encumbered hereby, with interest on such d:so~r~eme:.ts. - ;
. ~
~1 \
~SS ~~'IiERc.OF, the sajd 1:ortgagor haa executed this mortgage under aeal on Lhe day and year ~
T.ere:a tirsL aDove writLerL ~
t
S:o e3. szalzd and delivered in e presence ot: '
t'
^ 5
~ PROPERTY MAN E . UP, ~
~ ' ;
' . INC. ~ ~
As to Evans Craxy Jr. , Individually ~ _
and as Trustee, joined by his wife, ~
O. Crax B ' '
:~~Ya . Y• y ;
~
~ ill' H. Watso as President
:t _ ;
,;~~,t ~;_~~s, - (Corporate Sea1) - ~
p ' G~1
. ~i,~?t?~~~'~.~~~+~" ~
~~~j;~~~~~~?-~=_ usan J. Wat as Secretary ~
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~si~?f:y~_ .
%'~'Y~ ~~l ~ , ' . ~
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4~ $ . ~ J.~-.,
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~ LAND LAS IN ~ ~
h
'pla' - `
'~~~r~i~~+~,.ti ~ _ `
i , . By _ ` ~ e;. #
E - ~
~ Herbert C. McA ~
(Corporate Sea1) ~ W rj'' ~
~ . .r ~ ~~a•~' s
E. Snow Martin, as ~
~
~
F
(SEAL) $
Evans Crary, Jr. , in vi and ;
as Trustee ~ !
~ G (SEAL) E
~ Ma.rilyn . Crary =
~
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~ OR ;
~ gooK~84 ~~~2~19 ~
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