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HomeMy WebLinkAbout1068 a. T1~st (a) tn W~ ~v~nt ot any b~+a~b ot thts mo~ap os Mf~uit on th~ part o! tM Mo t ths ~vent aey? ot a~1d sum~ ot mon~y A~rala ref~rred t,c As not promptly and tuUy pafd withln ~q~daya n~ext aitar th~ wne ~everally be¢om~ du~ aad payable, without demand or notice, o~ ic1 in th~ event ucA and ~vary j th~ atipulaUons. a~teemeAt,~ condltiona aad ~~ovenanta at aald promusory nots and thb mortgass. anp pr ~ltber, an not duly. promptly and tully pertormed. dischuged. executed. ettectai. completed. complled with and ~plded by, thee~, in ei~hee or any suct~ event, th~ aafd ~?ggregate sum mentioned w said promissory aota theu r+eraaiNn~ w?paid. with intdrest acerued, aud W mo~sys secured hrreDy~ ~hap become due and payable forthwith~ or there- atter. at the option of said Mortgagee. as tully and completely as lt all ot the aaid suma oi money wen adginWy stlpWated to Ds paid o~ such day. anythin~ in said promissory note. and/or in tbis mortga~e to tbe contnry notr withstanding• and thereupon or thereafter at the option of aaid Mortgagee, without notlos or demand. ~uit at Lw or iA eqWty. thenWiorer or thereafter begw~. mny bs proaecuted aa it alt moaeys secue+od hereby bad matwred prior to !ts'lusUtntion. _ 7. T!?at !n tbe evant that st ths beginnina of or at ~W}? Wae peading any auft upon thL mortfa~s, or tp lorecloss i~, or W retorm 1t, ~ad/or to eatoros payment ot any clura~ henunder. said Mortg~gss st?a11 appl~r to tt~e coust davins ~urlsdtcUon thereot tor the appointment oi a Receiver. such court sl~alt forthwith apgoint a Recetver of satd mortgaged propsrty W and singular. including aU ~and iingular We rents. lncomq, profita, iasues and revenues irom wlu?tever souroe derived, each and every of which. It being expreealy eu~deratood~ fa hereby mortgaged as ii spectiically aet torth and deacrit.ed in the qranting and he~bendwn cla~ hareof. t~ ~uch Receives sAaU havs all the broad and etfective functinns and powere in anywiae entrwted by a court to a Reoeiver. aad such sppointraent ahall be made by sucA court as sn edmittcd equlty and a matt~er of ab~ ~olute right Lo said Mortgsges~ and w[tt?out ceterence to the adequacy or inadaquacy oi ths value oi the prop- erty mortgaged or to the solvency or insolvency of aaid Mortgagor and/or of the defeadaats. aAd that such rents. pnuflts, income. issues and re~enues ahall be applied by $uch Recelver according W the llen aad/os equit~ oi aaid ]~[ortgagee aad the practloe ot such court . 8, It is understoo~i and agreed that this mortgage is given to secure. in addition to the note or obiigation above described any additional loans or future advances made within twenty yeara irom date hereoi by the mortgagee to said mortgagors or any successor in title of said mortgagors of the property hereby conveyed; provided that the total unpaid balance oi the indebtedness secured hereby at any one time shall not exce~d the maximum principal amount of Dollars (i --,--------_.-.-.--.---..-J, plus interest thereon and any disbwxements made by the mortgagee for the ~,ay- ment of taxes. levies or insurance on the property encumbered hereby, with interest on such disbursements. IN WITNFS3 VVAERHSOF~ the said l~ortgagor ha~_ executed tb1~ mortga~e under aeai on day and yeat hcrein fir~t aDove wrltie~t. seated snd ell e presence ot: ~,'L j~'E~L~(S~ L~ ~th Sch~ir BTATS OF.....».~F102'1C~ . ~L COZINTY OF.__..._M~.r~III Before ms 1~ar~o~a11Y ~?PPeared........~d~.~l..b~fl-~F--~+~~-~.4.~_._.»._ : ; t to me well knowa and known to me to be the indiWdual._. deacribed ia and who executed the fosegoiug lnstru- ment~ and acknowledged befon me W?t ....ha... eaecuted the same !or the purpoaiea therein exprss~ed. wrrx~ss my ~a ~a or~~w s~ r.n~s...... ~~..~......aay rch 1~ 73 _ i : ~.~L:....; ;~,f , ~ • . ~ '~'t=.: otary PubHc in aad !or ~ . l.~ _ ~ • J: ~ - ~ COUIIiy ind $tate AfOrlsald. ~ • ~`'t. . ; ~ d3 : • My commission expiree: • ~Sl~?T$'O NOTAIfY STATL' oi RORIDII N IARCE ~ J MY COAIMt~1p E1(PiRfS tAN. 14. 1975 ~j a~jJ~l~~.~ 60110~0 9y wIWliCM ~11kNf IIISYtiAt~ C0. + . ~~1' ~ i •••••••••Ba~ me 1~ersonallY ~PPeared--_ . . aad......_......_._»......_._.»., to ane we11 1o~cwn and ~ known to ms to bs the..._... _Preddent aa ~~7 respectively of ths corpontioa named in the toregoing instrumeat, and known to me W be iha Pe~~ wlw a~ aucL olIIeera a~ uid «~srpontioa. exscuted tt~e aame; and then aad there ths Wd.._....~........~__......._.._.. ,..»........_............aaa ths sald a~clcaowledas be~os~ me tbst ~aid instrument ia the hee act and deed oi said corpontion by them reapecttvely esecuted u such oMars for th~ ` Purposea therein expreased: Uut the ~eal thenuato sttached fi the corporste ~eal bp them ia 131cs capacltp at- !lxed: all uader wihorlty in tl~em daly ve~ted by ths BoaM oi Directors oi Wd corporation. ~VTrI~SB my t~aad aad otliclal ~eal tbia............,. day ot i~...-.-- Notsry Public tn an4 for ~ ~ / 1 L[ 0~v D AE C'J P tbe Camt~ u~d State Atot+s~atd- iY. 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