HomeMy WebLinkAbout1527 6. Ttist (a) 1~ the event~of sny breach of thi+ moTtgage or detault on the pzrt o[ the blortga or, or Ib? tn
the event any ot eaid 3um~ of money herein referred to be not promptly ami fully paid w~thln ~Q days next
atter the same severaUy become due and payable, withuut demand or not?ce, or ic1 in the e~~ent each and e~•ery
the at~pulat~ons, agreemcnts, conditions and rorenanta of sz~d prumcssoey nute a:?d this murteage, any or either,
are not duly, promptly Ar~d tully pertormed, d~scharged, executed, effecleJ, cumpleled, complied With and gbided
by, then, ~n c~ther or any such event, the sa~d aggtegate sum m~~ntioneJ ~n sa~d prom~ssory note then rema~ning
unpa~d, with interest accrued, and ail moneys sec~u~ed h~•reby. shall become due and pa}•able torth~vith, or there-
atter, at Lhe option of said \iortgagee, as [ully and cumpletcly as ~f all o[ the said sums of money N•ere origihally
et~pulated to be paid on such day, anything in said praeiissory note, un~i~or in this mottgaga to the contrary not-
withstanding; and thereu~on or thereafter at the opti.~n ot said \iort6agee, ~~•ithout noGce or demand, auit at
law or in equity, theretofore. or thereatter begun, may be pcosecuted as ~f aU money~ secured hereby had matured
prfor to its institution.
7, That in the event that at the beginning of or at t?ny time pending any suit upon thi~ mortgage. or to
foreclose tt~ o~ to nform it. and/or to enforce payment of any claims hereunder, said 1?tortgagee ahaU apply
to the court having jurisdiction thereot tor the appointment of a Receiver, such court shall forthwith appoint
a Receiver ot said mortgaged property all and s~ngular, including a? and aingular the rents, lncome, profits.
iasuea and revenues f~om whatever source derived, each and e~•ery of ~rhich, it being expresaly undetstood, b
hereby mortgaged a~ if specifically set forth and descrited in the Rranting and habendum clauses hereof. and
such Receiver shall have all the broad and effecti~•e Luncti~ns and pu~~•ers in any~+•ise entrusted by a court
to a Receiver, at?d such appointment shall be made by auch cuurt a9 an edmitted equity and a matter of ab-
solate right Lo said I~tortgagee, and ~vithout reterence to the adequacy or inadequacy o! the value of the prop-
erty mortgaged or- to the solvency or insoivency of said l~fortgagor and!or oi the defendant~, and that auch
rents. protits, income, issues and re~•enues shall be aE~plied by such Recei~'er according to the lien and/or equity
oi said Mortgagee and the practice of such court.
8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation
above described any additional Ioans or future advances made within twenty years from date hereof by the
mortgagee to ~aia mortgagors or any successor in title of said mortgagors of the property hereby conveyed;
providecl that the total unpaid balance of the indebtedness secured hereby at any one time shail not exceed
the maximum principat amount of Dollars
{5 1, plus interest thereon and any disbursements made by the mortgagee for the I,ay-
mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements.
IN WITNESS WHERFAF, the asid ~fortgagor has executed this mortgage under eeal on the day and year
herein lirst above ~rritten. . . f
3igned. aeated and dellvered in the presence of: C/y~~ -
~-~C r-'-
~ ~
.1 p Z.. ~'a-= (SEAL)
~ , JOHNNIE LEON AYLAR, SR.
..z~..;.Z~~r..c.~:._._ Lsf.c.~c.:~.1-----...--•--:-.... a/k/a J. LEN TAYLOR
s to Johnnie Leon Taylor Sr.
and Doris Wooten Taylor . 1, ~~L,
STATF+ OF..~: ?:c..~~~5.: ~
coviv~r oF..1__%1~.x:~.,,~ ~
Before me PeraonsuY aPPeared..._._~OHNN.I.E_..I,.E~DT...~AYI~O~R.~.._SR,~,.~--..A,~,k~-.ti••-•~.....LE11L......._....._.
,
.............._.._.._------..............._.....--••-------•--•------•.~~A.X.~aQ~i.__~i~._~M?~IS.._1KS~T~K_. TAYI.O$,...b.is._~ri.~a~~,.~ . '
; ~''~~f~
to me well knotirn and kno~~~ to me to he the individualS. described in and who executed the foregoi~ig~i~et~f-~~-~;;• _
ment~ and acknowled ed before me that t•he_ executed the same for the u sey therein ex reas t'
g P~ P el;s ~r1 t.~:,:',,i;
WTINESS my hand and oificial aeal Uua.._....~ T.~.~.______..dey or. ~eptember ~~~,1~~' ~
` ~ w~ S ~ ~ ' .
r~J,~
otary Public in and for S. O 6 : z' ~ r
the County and State Aforerail~ Q.:~
~
ts:
. , -
My commiasion expiree: -
• O
3TATE OF-•---•-•-•--._....-•---•--•••-•-•-•-----•••-•--• t!`~T,t"Y : - . . . . ~ 4
; ~ s9, . ` ~ _ _ ~i ~•;;f$ STpt~
. . . , . - - •
COUNTY ~F..•••••....._.._-----°•-----------------• Ro:e~r. . - 191'~'~':u
_ . , . , : j, InC.
Before me personally appeared-----•..._...----••--•--•-•--•-.....__...._..._._.....__._._._...~..._._..._._...__......_,...._.._...Y........~._..__...._..
' and to ms weii lmown and
I
! known to ma Lo be the•-----•........_...---..--•-•---..~...Preatdent and.___..__...__.._.._.._.._.._ $ecntar~
I
! respectively of ....._,..._......._._._._._.F.__.........__.._....___._.__.._., the corporatlon
,
; named in the foregoing inetnunent, and known to me to be the persons who aa auch ofScers o! eaid corporatlon,
! eaecuted the same; and then a:ed there the said••-••-------------_...__._......_......-----•-••------_•-_•-----•-...~_.-----...._.._...and the sutd
............._.__......_....._._....._d!d acknowledge before me that safd
tnstrument is the tree act and deed of safd corporation by them respectlvely executed as auch oftlcers for the
purposes therein expresaed; that the seal Lhereunto atteched fe the corporata seal by tham tn Wce capacliy at-
tiued; all under authority tn thun duly vested by the Board ot Dlrectora of aaid corporation.
, W1TNH:38 my hand and ofticial seal thie.---•---•-.._..._._.....dsy oi 19..,__
t lE0 AMD - -
Notary Publlc in and for
s~.wC ~„~01TM~ th~~otwty and Stste Aforeasid.
c~E~°K c+acu~T eovRt ~ My oommfesion ezpires:
RECoaD vFa~fi~c.,.....---
SEt?16 I aa PM'Zt
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