HomeMy WebLinkAbout1965 3. To p~zJ ~tll c~n~t si~~~rel~r tlu~ co,Yts, rl~ai•~f~x n~i~! P,r~,ei~se.~r, ii~el«~lin~ latcyers
fePS, ~reaSOnaLIJ inctcrrP~l ~~r• jxtt~i at a?rJ tinie l~Jsui~f ..Va•t~'n~'r~• l~c~r~tu.~~ of'~/r~ %~itlurP
ou the ~xtrt of the suicl „1Jortga~ur to /x~rfur»~., cu~upl~ wit/~ uiecl ~rLi~ie L~ ~~~~cl~ n~id
e~~er~ the stipiclutioies, cuic~itio~as and cuvei«ents oj'auid. p~b»iia.+orJ notect~t~l t/tis deed, '
or ettlier, and ever~/ stcch JxaJment sltall bear interest f~~at dute ut tlie rute uf
ten per cent. ~r~er annunL.
To keep the builtrlings now or hereafter on snic~ lu~:e~.i~:srcre~ i~i ac srcm irut l~~~s ~
than highest insurable val.ua-----------c~b~?dl.srs, i~t a contpaicJ or cnm~k~nics to Le ~
ap~.rnved by saicd .hlort~'a~ee, and tl:e potie~ or polieic~.s lteld bi~ n~t~ ~x~r~a~il~~ to sai~ E
JKa•t~crsee, and in the event any ~u.~n of nroaeJ becu»ies pcrJaLle rc~«ler ~r~c•1~ pulic~ ur
policces, tlee .hlort~a~ee sliall h~cve t/~~ u~tio~a to ieceive aiid aJ~1~lJ th~ .n~~~~~ u?~ ucco~~.i~t
of tlte in~ebtediress lie~ebJ .ceercred. or to perntiE I/te ,Alorl~a~or tu i•ec~ir•~ a»~l• ~rxc it, or
anJ prirt t/tereof, for other pur~~uses, with.orct t/~.erebJ tc~aivi~cg or ii»puiriny u~ti~ eryicilJ
liei~ or right under or bJ vi~rti~e af' tliis niort~a~e, ancd nraJ ~~luce. ~t»d~ ~ii~ jor si~cll. ~
insurcnnce or anJ part tl~reof, witl~ou•t :vaivia~ u~• ~rjf'~ctiieg the u/~tio~i to jurectosP or
any ri~ltt l~erewn~er, nnd euclr. a~ad ci?ery s~ic/i• paJnici~f slr~~ll b~Rr ai~.tere~?1 fi•nu~ dntf• i
at the rate of ten per c~nt. pPr ann~rum. ~
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5. To perrnit, commit or ,suffer no waste, impairment or ~eterioration of said r
prnperty or any part thereof. ~
6. To perform, comply ivith and ahide bJ each a~id every tlae sliprclations, agree-
m,ents, conditions. and coae~r-ants in said promissory note and in tlcis aleed set forth. -
7. If any of sdid sums of money herein referred to be not proinptly and fully paid
taithin ~i~y cl~tys ~text after the same severcrlly beeome dtce artd puyctble,
or if ena:h and every the stipul,ations, dgreement~s, conditions and covenants of Said
prnmissory note and this c~eed or either, are not duly performed, compl•ied with dnd
u~bidec~l by, the aaid a~g~eg'cate surrz mentioned in said prnmissory note t~lren remaining ~
u~apaid shall become due and ~ayable forthwith or thereccfter at the opti,on of the
Jlfort~a~'ee as futly a~nd eorrzpletety as if the scr,id ccggre~ate su~n of' TEN THOUSAxn AND ~
No/100--__~__.~__~~__~ ~llars was o~~`incclly stipul,ctted to be pai~ on
such day, anything in said prnmi,ssory note or herein to the contrary notwithstanding.
8. The .M'ort~ci~ee ma,y, at an~/ time while ct suit is pending to foreelose or ~to reforna
this mort,~ct~e or to enforce any claims arisin3s hereunder, ap>>ly to t/~e court havirc~ .
jurisdiction thereof for the appointnaent of a receiver, ccnd s~cch eor~rt ihull forth.with
c~ppoint cc receiver of th.e premises acnd all other property cvvered hereb,y, ir~cl~cdi~ag all
cind sin~'u,ldr the incom.e, profits, rents, issues und reve~tct.PS from u~hatever source c~e-
rived, and such recPiver sh.alt have cttt the brnad cLnd effective functiAns an~l pou?ers in
anywise entrust~ed by ct court tu d recPiverc~ndstcch appoinfinent, sh.all be ma~e b~ srcr;h
court a.s a~r. admitted equity and a rreatter of ahsolute ri~/~t t~~ sdiaG Morfga~ee, an~
zoithout reference to ~he adequacy or ina~equacy of the va~lrce of the pro~verty n~.ort-
~a~ed or to the solvency or ansolvency of said ,Mort~agor or the ~ef ndccnis, a.nd sucl~.
iracom,e, prnfits, rents, issues and revenues shall Le upplier/ by su,ch receiver vcccordiicg
to the lien of this mortga~e and the practice o~' such court. ~
9. Failure by the .hfort~dgee to exercise acny of the righ,ts or options herein
p~~ouid,~.d sha,ll not con8titute d waciver of dny righ,ta or option.s under said note or
this rriort~a~e ar~crued or therecafEer a,ccruin~
.~ri ~it11P8B ~i~rr~nf, 7'he said JKortgagor herercnto set his lutnd and f
s~~al tlre al~iJ an.d ~~eur fi~t above written. ~
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60o1c ~1~ ?a6E 19~z
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