HomeMy WebLinkAbout1823 6. That (a) 1n the event of any breach of thi~ mortgage o~ de(~ult on the pzri ot the \iurtgagor, or Ib~ !n
Lhe rvenl any ot said ~uma of money herein ~eferred to be nat promptly anJ tully paid w•~thin ten da}•~ next
after the s.une severally becurne due and payable. M~th~~ut d~mand or 71J~t1'f~, ur ~c~ ~n the e~~ent earh and e~ery
the st,pulacuins, agreemen~s, conJ~tions and «~~'~nants nf sru~i prum:s~~~~y n,,:e and th~s u:urt~uge, sny or either,
are not duly. prompt:y and fully pertormed, dischar};c~d, executeJ, eftecle,l, complet~d, complird tcilh and abided
by, then, ?n eithec or any such event, the sai~ aggre~;ate su:n m~~nt:oi~e.i ~n s:ud pr~,:nissory note then reina?n~ng
unpaid, «~~th intr~c~t a~crued, and aU r.iuneys se.~ued h~reby, shaU becwue due and pa~•abte forth~vith, or thera-
a[tec, ai ttie option of said \tortgugee, as fully ai:d r~~~npletrl~• as ~f all ot ttie saut ~u:ns oi nioney ~rere originally
aUpulated to be pai3 un such day, an}•thing ~n axid prou:issnr~• nnt~=, nn~i or ~n this r~ort~;age to the centrary not-
Withs:andir.~,; and thereupon or thereatter at the opt<<~n ot sa~~l \Iur[~xgee, +cit:iout noUce or dcmand. suit at
iau ;,r in equity, theretofore, or thereaiter begun, ma~• Le prosecut~d as it all moneps secured hereby i?ad matured
pnor to its institution.
7. That in the event that at the Deginnir~g of or at any time pending any suit upun thi~ m~rtgage, or to
foreclase it, or to reform it, and ~r to ~nforce payment ot any clazms hereunder, said Jiortgagee ahall apply
to the court having jurisdictiun thereo[ far the appu~n:ment ot a Itece?vrr, s~ch court shall torthwith apguint
a Receiver o[ said mortgaged pruperty nll and s,n~ilar, including all and s~n~ilar the rents, income, profit~,
insues and re~•enues Irom whate~•er source dern•ed, ea.•h and e~•~t y of «•hich, ~t besng expressly under$tood, is
hereby mortgag~d aa if spec~f?cally set forth and descrited in lhe ~ranting and habendum clausea hereof, and
auch Receiver shall have a!! i!:e broad and effect~~•e funrimns and ,~u~~:ers in xny~.•ise entruated by a court
to a Rece~ver, and such sppuintmeiit shaU be t.•a~3e by such cuurt as an admitted equity and a r.~att~r of ab-
solute right to said l~Iortgagee, and «lthout reterence to the adec~uaiy or ir~dequscy ot the value oi the Frop-
erty mortgaged or to the sol~ency or insoh•ency af sa;d ~tort~akor and!or of the defendant~, and that auch
r^r.ts, profi[s, income, issues and re~enues shall be aE~plied by such Kecei~•er according to the lien and; or equity
of said Mortgagee and the practice of such cou~t.
8 . . tien
abo~•e descr?be al ioans or future ad~•ances made within twenty years from date hereuf by the
' mortgaKee to ~aid mor?gagors or ur in title ot saicl mortgagors of the propcrty~ hereby con~~eyed:
i pro~•ided that the total unpaid balance of, the in 'ecurc~cl hereby at any oae tinle shall not exceed
' thi~ max~l:iuiii princ~pal aniouM of Dol.ars
~ ~g plus interest thereon and an}• disbucsements made Ly e _ or 1he pa}~-
.
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IN ~VIT:~TESS ~VHEREOF, the said Mortgagor has executed this mortgage under nesl on the day and year
herein first above written.
; 9tgned, sealed and detivered in the presence o[:
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COL^,VTY OF-_••-.__-.--•••-.......-~--- - 1
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~ Before me pereonally aPpeareb•--••-••--....~E~IL• r.~= R~N~,CR.D
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~ to me well kno~~n and kno~~~n to rne to De the indiv~dual descnoed ~n end wh~ executed the foregoing ln~tru-
men~ and ~eknow•le~ged before me that ..._he.._. executed t~':e same for the purposea ihereu? expressed.
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W2'~NESS my hand ar.d afficial seal this......~Ff -
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- ~ ~ My Comrn~ss;on ExNires 18 J~n., t94~y ~:~lic ~ an.3 for
- the C~unty and State Afotesaid.
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Before me r~onaily appeerrd -
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. to me well knovrn and
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knnw-n to me to be tht -...----•__....Pteaident and...-•----•------•----..._._.•.-•---•--............--••--•••-•••--._.._..__..
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tAe torporstioa
respectively ot _ _
named in che toregotng instrument, and knoK~n e to be Lhe persons who as such ofIIcers ot iatd corponUon.
~ •---and ihe said
rxecuted tt?e same; and than and thera i;~a sai
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.did uknowiedge before me Lhat safd
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!natrument ~r the free act anA deed of safd corporacion bY them respe vely executed sa auch oMcen for the t
~ purposen therein ex~,ressed: that the seal ihereunto attachec! 1s L*.e ^_o te seal b~tihnm 1a llke cspsclty af-
fuccd; aIl under authority in th~::~ duly veated by the Board of Director~ ot orp^
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WITNFS9 my hand and offlcisl seal Ltue.....--- Y o--•••-•---._.._.._,. -
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- - ~ • ~1K ~~~~~11'1+ Notary Publfc in a.~td for
~ = ~E~(fD Z- ~ - ~M~~ 1941• the Countq and 3tate Atorasatd.
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