HomeMy WebLinkAbout0845 Tut (al In U?e ~vent ot ~ny b~escl~ ot thia mottgaae or default oe the part of lhe 1ltorts~goe, ot lel 1~
tM event any ot sa~d sums ot money here~n retened to be not pcomptty and lully pud within 3,(1 dsy~ aext
atq~ the ~ame seve~aUy become due and psyaDte, witAout demand or not~ce, or ~c) ~e the event tacb and tvtry
th~ ~upulat~ons. agceements. cond~t~ons u?d ro~enants oi s.11d promas~.»y note and th~s mart~age. aey or either.
ar~ not duly, promptly and tully pertormed. d?scha~ged. executed, e[tr~ted. complete.l. complied with and ab~ded
by, the~, ia e~t1f~~ o~ a~y such event, the sa~d aggregate sum m~•~t~oneJ ~n sa:d prum~3sory note thtn remauuns
unpud, with intr~est acc~ued, and all n?oneya secured h.reby, shall becoaie due and pa)able torthwith~ or there-
atte~, at the option ot s~id Mortgagee, u[ully and completcly as ~t sll ot the sa~d ~ums ot money vrtre oripe~ll~?
atipulated to be pai3 oa such day, anything in aa~d pron»ssory note, an~i or ~R th~a n~ortgage to th~ contcary not•
with~tar?dtng; ~nd thereupon or the~eafter at the option ot sa~d I?to~ttiagce, a•ithout no~ce or demand. Nit d
law as in equlty. tMretofors. or the~eatter begun, may be prosecute~i as it all moneya securtd htrepy had m~tured
pdor to ita institution
7. That !n t!u eveat that at the beginn~n~ ot or at ~u?y time pending any ault upon thls mortEsse. or to ~
lorecbse it~ or to retorm aad/or to entorce payment ot ~ny cla~m~ henunder. aaid Mott~e~ ~hall ~ppl~?
to Ws couK h~?vint juri~dictlon thereot for the appointme.~st ot a Rece?v:~r, auch court shall fort??wiW appoint
• Recelver of said moKgaged property all and a,ngular, l~cluding aU and s~ngular the rent~, Incwme. pcofits.
irue~ ane revenuea trom whatever source derived, each and e~•ery ot ~~•h~ch, it bem~ eupressly uaderstood. L
htnby mortgaged as it apecificslly set to~th and deacnEed in the ~r.anting anJ haDendwm clauses ~eseot. aAd
wiL Recelver shaA have all the Droad and et(ective tunctions and pu~rer~ in anywlse entru~ted by a court
to • Receiver, a~ such appoti~tmcnt ahall be made by sucfi court as an sdmitted equfty aod a matter o[ aD~
~oluts ri6bt to sald Mort~sgee. and without reference to the adequacV or inadequa~cy oi the value of tha prop-
erty motts~ged or to the aolvency or inaolvency o! ss~d ]Kort~ago~ snd ~or ot the defendaab, and that sucR
seaL. protits. income, iseuea and re~~enues . shall De applied by such Receiver accordin6 to the lisn aad/or equity
o[ sald l~[ortaagee and the practice ot such court.
8. ~ and agreed that this mortgage is given to secure, in addition to the note or obligation
above desccibed any a'' ns or future advances made within twenty ~ ears irom date hereof by the
mortgagee to ~aid mortgagors or an 'n title oi said mortgagors of the property hereby conveyed;
providecl that the total unpa~d balance ot the in e ured hereby at any one time shall not exceed
the maximum principal amount oi Dollars
~s plus interest therec~n and any disbursemer?ts made by ee for the ~,ay-
mrnt oi taxes, levies or insurance on the property encumbered hereby, with interest on such i
IN W1Z`lVFS8 WHEIiFAF, ttie uld Mortgaaor hu executed thia mort~a,ge under seal on ttN dar and yese
heeein abov~ wei ~ . . .
ed sna uv ta h rexnce ot: S L M DEVELOPMENT CORP.ORR~f~ON ,
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eonard Spi ogel, ss . Sec. y, resi ,n
STAT6 OF___~ ~ ~
M.
COLfNTY OI~'......._
Betore me per~onally aPpeae+ed•._.._-•---.....__._.__...»._.._._
'
' W ms wdl known and known to me to be the individual._.. deacnbeQ in and who executed ths toregoing lnatru-
~ unent, and acknowledged before me that ....h~_._ eacecuted the same for the purpox~ therein vcpres~ed-
V WI1NF..SB my Aarid end ofnctal seal thit ................__...~...dar ot.........._....~----._.._..._.._......~._----------.. i~._._._
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Notary Public ln and tor
Lf1E COUDL~ aUd SULA AtOIl311d.
My commiasion ezpira:
8TA'P6 OF----•~~,gR~B~---------•-•---..._ sa.
OOUNT! OF_.._...ST~-...I.~G~~-----.._
Dtiors me persoaaliy sPPeared-_-- --------------~.,._..~._..Fl yn ._.....r._.__.......
Leonard S~iel v~gPl _ _ cn m..nu I~?n aoa
and..._........_._..----_
k~a to me to bs the..-••---.._.._._._ ..............pnd8eat anA.._. ..._....__.~.._...__-~s.~-5~3~}~--.-.--_ 8~cr~tar~
~r.~y or ....--S---L---M-..D~euelo~menx..~Ca~go.r~ati-~u- w. oo~or.uon
naafb in the roresoWt instrumra~ aad lcnow?n to ine to bs tlf~ Periau wbo a~ wrr~ olDe~es at a~Q ooeporatia+.
.~..I.eSlc~.eJlt----------._.........._..aoA t2M MIa
e:ecuted tl~e same; ~nd tDm ai?d th~n tla raid......_._.....r.........._.
Assistant Secre~arv ~~n ~ i10 `
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Y tns4vment ts ths trea act aM dwd ot aaid oorpor~tlon br them ewPact~w1T acecut~A ~ auch otean ta~ t1~
K, PurPar t~!!!tl !~P*~~ tAi~ LM ~li1 L11CtlU11L0 itLLCbld I< t2N OOlpOI'~~ Nv W~~ h~
~ flssd: aIl undr wUwrity in tMm auly veste8 by tbs ~ o: Dlrectors ot ~alQ oorporsttoo.
~ wrrxr~aa ,nr n.,,a .ae oce~ a.ai w...---1 ---a.~? ia7..2_
1~ota~T PnOltc tn aeb for
/I~EO Al10 ~ECORDED tb~.Co~~t4?• fo0 Stat~ At
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