Loading...
HomeMy WebLinkAbout1063 d. Tiut (al te the event of any braach ot thie mortgsge or default on the part ot the blortgagor, or Ib) tn ` the event any ot aaid aurru of money herein refe~red to be not p~omptly and fully paid w~thin 3Q days next after the same severally become due and payable, without demand or not~ce, or tc) in the event each and every the stipulations. agreements, condit~ona and covenants of sa~d prom~sso~y note snd thi~ mortgage, any or either, ~ are not duly, promptly and tully per[ormed. d~scharged, executed, etfected, completed, complied with and abided ' by, then. in either or any such event. the aald aggregate sum m.•nuoned ~n said promissory note then remaining ~ unpa~d, with intere3t acc~ued, and all nioney~ seciued hereby, shall become due and payable torthwith, or thera ' s[ter, st the option of aaid Mortgagee, as [ully and completely as it all ot the sa?d sums ot money were original~j? at~pulated to be paid on auch day, anything in sa?d promiaso~y note, and-or in thi~ mortgage to the contrary not- ~ withstanding; and thereupon or thereaiter at the option ot said rlortgagee, ~~~ithout not?ce or demand, auit at s Lw or in eaulty, theretofore, or Wereatter begun. may be prosecuted as it all moneya secured henby had matured ~ prior to its in.+titution ~ ! T. That in the avent that at the Deginniag ot or at any ttme pending any suit upon thb mortgage, or W ~ lorecloae it, or to reform it. and/or to enforce payment ot any cleums hereunder, aaid Mortgagee shW appl}? { to the court having juri~dictton thenof for the appointment of a Receiver, auch court shall forWwith appoint ~ a Receiver ot aaid mortgaged property all and singuiar. including aU and aingular the rents. tncome, proSts, ~ lssues ~nd revenuee from whstaver source derived, ea. R and every of which, it being expressly understood. i~ ~ hereby morigaged aa it apecitically aet forth and descnbed in the granting and habendum clausea hereof. and such Receiver ahall have all the broad and effective functions and pu~~ers in anyv~•ise entrusted by a eourt ~ to a Receiver, and such appointment ahall be made by auch court as sn admittM equity and a matter ot ab- solute tight to said Mortgagee. and without reference to the adequacy or inadequacy of the value of ths prop- eMy mortgaged or to the aolvency or insolvency of said Mortgagor andior of the dafendants, and that sucd renta. protib. income, is~uea and re~~enues shall be applied by such Recej~•er according to the 1lea and/or equity of aaid Mortgagee and the practice of such cour~ ~ 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation above described any additional loans or future advances made within twenty years from date hereof by the mortgagee to said mortgagors or any successor in title oi said mortgagors of the property hereby conveyed; provided that the total unpaid balance of the indebtedness secured hereby at any one time shail not exceed the maximum principal amount of Dollars 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. j II~1 W1TNE33 ~VEiEREOF~ ths said Mortgaaor ha~ axecuted this mort~egs under seal on ths dsy and year herein fi:st sbove writtea Si~ed, aealed and dellvered in the presence ot: t ac~G~k.- (SEAL) t - ' :~r i~.-- ? ~-y . . anita F. Bane F~~ED aNn ~j~~ ~c-~-~--- ( st•t- z.-c_~t_ ST _ RECOROfO ~ P.~CR~;~POJVMRAS ~A : ~ A s t o J u a n i t a F. B a n e ~ ciERx ~:~:c~~r couRt ~ RECO~?r y~o;:~c~~ LIEc 79 IA ~u » ~ - ~ ~ ~u~ 11 i STATL OF__.. ~.~RLI~A....._......._..~. ~ l~IIGr~~~ ` rj7 C T i N.-------• M. i k COUN'1']t OF_.~.__.._.__..-•-...... ' ~ ; ~ ~TIIANZTA _an_.unr.ema~r.~ied-~i , Befor~ me per~onallY ~?PP~---•-- j - ~ s to me well known and known to me to be the individual.... deacribed in and who executed the foregO lattrµ+-- ~ mant~ and acknowledged befon ma that .SDa... ~xecuted the ~ame for the purposes t??areia ezPr+ee~e~ - : W1Z'NESS my hand and o!llcf~l seal Wi.._...~3....~.:~_day of_.~.. ~e~..~~......._...._...:.....,.'19~~: s . ' '.i' ~ ~ ~ s q ~~I . C ~LGtr~c~.L....Sa.... ~,t x Notary Public in and for ~1 : ~ the County and Stste Aforesaid. J'`} ~ ~ My commiasion expitra: . ' $TATE OF......._...•--..._..-•-• ' . :y F~;~t:C. S'aTE ~t , : :i~A'? s'~F~E / ~ , . . ::;5 Y covrrrY og . . • - r~ ,1'~~ - ~ Hefors me peraonally aPpeared•••--•-•-------------•--••-•------•--_.._.._..__.-------._.__._....._.. v`_.~ ~d----• .................__._.__..»........_.....r__. W ms wsli lmm~n aad ` ..._..Preddent aad.._____........_._._ S~cretat~ known to me to be the.-•-......._.._. .~.__........_.__...._..____w.._.._..._.. ~ ~ reapecifvely of tlu corpontlon named in ths foresoins in~trumant, ~nd known to me to be ths perwns pbo a~ ~ucD ofifcers o! ~aid ~orpontian. ...___...ae ~ wa :s e:ecuted the same; .ne ch~n .na che~ ths ~afd_........•_--•-.~_......---_.._ '4 ..r..dW ackno~vledae bdor~ me that ~aid _ lnstrument b the free act and deed ot aatd corpontion by them respsctlvely eiecuteA u~ch ottlwr~ for tb~ ~ purposea thenin exprea~ed• that the Kal thenunto attached ii ths corporste aeal b7 them in liks c~pufty d- = tixed: a11 under authorlty in thein duly vested by We Board of Dircctors o! sald oosporaUom. 19~ WTTNE39 my hu?d aad aMcial ~s~l thi~••-••--.....~._...._....day u~..._._......__ - Notary PubHc ln anA fos ths Count7 aad SUt~ Alorwaid. F = Hy oom~c?iadon ~pires: ~:z 6a~~ 19S P~GE1~~ =:.3 .z: