HomeMy WebLinkAbout2644 ` L ~E~p !~~QK ~JJ fA~E 5~~
OF~tLiA
_ thirty
6. Ttu?t (a) ln the event of any breach of thi~ mortgage or detault on the pnrt of the rlortgxgor~or Ib? la
the event any ot atid auma of money turein reterred to be nat promptiy and tully paid within d[Y day~ next
ai.et Llie 53me ~e~~erally t+ecome due snd payable, u~ihout dpmand or not~cp, or ~ c 1 ~n the event each and e~•ery -
the stipulauons, agreements, condit?on~ and covenants of aqid prom;s~o~y note and thia mort~age, any or either,
are not duly, promptl~• and tully performed, discharFed, executed, effected, completed, complied wzth ud abided a
by, then, ~n e~ther or any such event, the said abgre~ate sum men~oned u? sa~d promiasory note then mmairung
unpa?d, H'ith intCrest a~crued, and all tnone~•s ser~ired h~~reby, shall becunu due and pa~•able forthwith, or theTe-
after, at the option of sa~d I?Sortgagee, as fulty a~~d c~mpletel~~ ss If ali of the said sun~s of money w•ere origu?ally
stipulated to be pai~ on such day, any thing in said prori:issor}• note,~ an~i or in th~s mortgage to the contrary not-
K•i;hsianding; snd thereupon or thereafter at the opt~~m of said Diortgagee, ~~~ithout noUce or demand, auit at
law or in equlty, theretofore. or thereafter begun, may be prosecute.i as ~f all moneys secured hereby had maturM
ptior to its institution '
7. That in the event ihat at the beglnning ot or at sny tlme pending sny suit upon this mortgage. or to
lorecioae it, or to reform it. and,~or to_ enforce pa}~nent ot any cla,ma hereunder, said Mortgagce stWl app:y
to the court ha~zng jun~diction thereof for the appaintment of a Recelver, such court shall forthwith appoint
a Receiver ot said mortgaged property eli and singular, including ail and singular the rents, income, profits.
isaues and revenue~ from whate~•er aource denved, ea~ h and every ot K•hich, ~t being expressly understood, L
hereby morLgaged as it ~pecifically set iorth and described in the Rranting and l~abendum clwi~ses hereof, and
such Receiver shall have all the broad and effecti~•e funcU~ns and pu~cer~ in an)~•ise entrusLed by a court
to a Rece~ver, and such appoiniment shall be ma~e by auch court a~ an admitted equity and a matter ot ab-
solute nght to said Mortgagee, and without reference to the sdequacy or inadequscy of the value of the prop-
erty mortgaged or to the solvency or insolvency of said 1?iortgagor and ~er ot Lhe defendants, and that ~uch
rents, profits, income, issuea and re~'enues ahall be applied by such Recei~•er ac,zotding to tt?e lien and/or eQulty
pt said Mortgagee and the practice of such court. .
8. lt is understood and agreed that this mortgage is g~ven to secure, in addition to the note or QbTiBption r'i;
aDo~•e described an~~ additional loans or future advances made w•ilhin twenty years from date hereDf by..tti~"''
mortgagee to ~a~d mortgagors or any successor in ti11e oi said mortgagors of the propert~ hereby s~v~ •
providecl that the total unpaid balance of the indebtedness secured hereby at an one time shall ~:ie:~ .
the maximum rincipal amount of Seventy-five Thousand and no~1~- Dollbra~ t~` _
ig'Jj~~~~~~j i, pius interest there.~n ar~d any disbursements made b~ th2 mortgagee for-t3~?~,~ar..~ i'
mrnt of taxes, le~•iec or ?nsurance on the propert~ encumbered hereby, vvith interest on such diabu~sem~ts,~
II~T WITNESS WI~iEREOF, the aaid l~iortgsgor has executed this m under on the d~y-~id ysar • '
herein iirst aeove wRitten. CAN ILL~ INC.•' ' .~P,~~
~~b'.~
91 ai and delive in the presence ot: BY ~ ~
~-z}-~ Atte
~ ~ ~
.~s to Can or ~
e"ry~ ~ff ~~1VI;~-- ap~ie~I~~t rt. ea1~
~ ; ~ , ~ . (Seal)
Gtra~s. . _ :~L.~:_~~~
e or . (Sea1)
r, . rn , Jr.
~ ~ ney . (Seal)
, rs orman . rvis ~ a . aPPe ~(Seal)
STATE OF. ~ . ' ...~.r~Y an . s .
' (Seal) '
' COLJr1TY OF-••-_- ` ~
QOThI! p- ~S
i
~ Befon me personslly apPeare~..__..__~_..._--
,
` Robert M C e ~ ~
i --------...._..----------~---._..__..___.._.._._h..apR-.~1.~~~_FJ.~~o~..E~~b.~~ll.}~.~.a~?.~
~ to me well know~n and knoK~ to me to be the individual._r,.. de~cnbed ut aad who executed the fongoing inelru- -
2 tt~ent, an3 ~cknowledged befom me that t-he~f. executed the same for the p Lherein ezPreseed. ~
s ~ ;.i.:.r ~ ~ 1
; ~ • _.da o ~ 10.7
; RRTNESS my hand and ofiicial seal thia...--•-•------------..-. Y t
r _
~ . ~ ~ ~ ~'~d~ f~'''"~lr~~!.E_~CL ,
~.{a~~ ~ Notary Public in aad for
~ ~ = =r the County aad State'Aforr~,~~M,/' /G~ / ~ ;
. :
K c " = . : :
t;~: '.~t : f~ I~I~?~ My commisaion ezpirea: vU 7?~
y ~oRTlt ~
~ coY=-- `
~ :p_ - :
• ~-1 r ~ ss.
~ oov3~l~e_'~r bg- ~!~t~ E - -
~ . f
~ ~io~ ~~on.ur •p~~--------------------------~~~~?e~ .~._._~eS~I.r._._......w._..~._._......__._.._..._._.._ ~
.f :
r - •
..~.1+1~._-- W m~ wdl lmawn aad ~
~ ana.--~---- ~~5.~ . ,
3
'
#
known to me to be the--•-•.__.._-•-----.._.._-----r_4reddent and.._...~._.~..~__..._.......__.__~_..__...~..___.....~_ Sscretar~
.__.Candor._I~osier~~~1,,. .1~c .1 a North Carolina.~~po~~.lOC~ ~~j•u~
reepectively of
nsmed is the foresoing uutrument, aad lwown to roe to be th~ person~ wbo ~ wcb ofIIc~rs ot ~ald corpo»tlo~.
t^
~Y Li.les ~jr
~ .aaa ct,.. sata
exe:ute3 the eame: and then ~?d t2?ere the .~a.__.._..__._. Robert--- .
~
Margaret.~~les ..~ma a~1rnoW~eaae be~o~. me u~.c we
° fnetrument in the iree act and deed of aaid corporatlon by them respect1ve11 ezec~ted as such o!llcer~ for tb~
_ purposea therein expressed: that the eeai thereunto attached f~ U?s oorponte ~eal b~ them !n 11ks capaclt7 at-
~ fixed: al; under authorlty in them duly vated by the Boud of Directors oi uld corporatio~.
/O SEPiEM~ f~e :
<
wrrxESS ~y n.na .aa otn~u ,e.i ~.....-------.____.....a.r a~. i~
~ ,
•
.
. . - ,
-
~
- ~
; r Notary Publfc tn and for
the Cojmt~ and state Atora~ate_
'.~j'~E~SY'y 5~~. L[y oommisdoa esPirea:
. ~ i~ r.
~ Y~~~ ~ /
. * .
_ ~ t,
~i=:-^ ~ - 7~. .
Y;l - .y r~-, .
3 S {_Q!\~~_ - ~
~
- - ~ s~198 ~2641 ~
~t-?