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Home My WebLink About2252 . ~ ~ ~ . ~ . _ ti~ dtscharged~ said Mortgagee may at any lime pay ths same or ar~y put thereot without w~iving os affecti~ , any opti~n. llen. equity or right under or by virtue ot this mortgage. and the tull unount of each and every Q such psyment ahall be Immediately due and payaDla and ah~ll besr lntereat from the dete thereof unUl paid ~ at the rate ot ten per centum per annum snd together with auch interest shall be ~ecured by the Uea of thi~ mortgage. S. 1b placs snd continuously keep on the .`by~ld~ t~w ~t h~,~r V itwta on said land tirs and windrtorm • t. ~ ~ ~r l incurance in the usual standard policy fonn. in a sum not less than the fuA insurnble ~~alut, in such com- pany or compsnics as msy be appmved by aaid Mortga~ce; and all such irsurancs pollciea oa any of ~ald Duild- inga. any interest therein or part thereof, ia the a~regate iwn afore9sid or ln excesa thereof. shW contain th~ usual standard mortgagee clauae making the lo~ under said poUctes, each and .every. payabls to said Mortga- gee aa his imtereat may appeu. and edch and every auch policy shall be promptly deUvered to and held by sald Mortgagee; and, aot less than ten days in advance of the expi~tion of each poUcy. to deUver to suld Mortgages a rer?ewal thereot, toKether with s receipt for the premium of s~u~h renewsl• artd thera shall Oe no such insur- ance plsced o~ any ot ssid buildings, any intereat thenin or part theteof. utiless in the~ form and wfth the los~ payable~as atoresaid; aad in tha event t~ny aum oi money becomes payaDle under such pollcy or policies atid Mortgagee ahall hsve the optlon to receive and apply the same on account ot the indebtedness aecured Uereby or to permit sald MortgaRor to recelve and uae it or any part thereot for other purposes wittiout thereby waivin~ or impairing sny equity, lien.or rlght under or by virtue o! this mortgage: aad in the event ssid Mortgagor shW for any reason fail to keep the sald premiees so lnsured. or iW to tlellver prompW? any ot ~aid poUciea o! insurance to aald Mortgagee. or fail prompUy to pay tully any premtum therefor, or in any rWpect fW to per- torm, diacharg~e, eaecute. ettec~ complete. compiq with and abide by thia oovenant~ or any part hereot. said Mortg- agee may place and pay for such inaurance or any part thereof wtthout wsiving or ~ttecting any option. lien, equfty or right nnder or by virtue of thls mortgage. snd the NU ap~ouat ot each and every such payment ahall be lmmediately due and payable snd ahaU beu interest trom the date theceof untU paid st the rate of ten per centum per annum and together wlth such lnterest sh~l~ be ~ecuerd by tba liea ot tbi~ awrtgaga 4. Zb penNt~ commlt or sntter no waste. lmpatrmeat o~ BeLseiontlou ot aatA ProptrtY or aW? Patt theted. 6. To pUr a31 and aingu'.ar the coets. cha*'Ses aad expenses. lncluding rea~onaWe Lwye~'~ ic~a and cwt ot aDetracb oi tltle. incarnd or paid at any time by satd Mortgagae because snd/or tn the eveat of the lallun ~ the psrt of the aaid Mortgagor .to duly. promptly and NUy perform. dt~cAarge. ezecute, eKect. completer oomply with and abide by each and every the stlpulatlons. agreement~, condiUons and oovenanb ot said pronW- wry note. and thls mortgage, any or etther, and eaid coatsr charges and espca~es. each and svery. ihall bs im- mediately dne u?d payable, whether or not thers be notice. demsnd. attempt to oolkct or ault pending; and ths iWl amount o! each and every such psyment shall beu iaterast trom ths d~ts thse+eoi uatil patd at the nte ot ten per centnaa per anmm~: and a11 safd cost~. chsrgra aad ~cPso~es w incun~ed or pal~ W~ether with such !n- terest, shW bs aecvred by the lien o! tht~ mortgaga 8. That (s) In ths event ot any breach o! this mortgage or delault on the part of the Mortgagpr, or (~1 in the event any ot said sums of money hereia referred to be not promptly and tuAy paid within 15 days aext aiter the same severslly become due and payable, without detnand or notice, or lc) in the event each and every the atipulations, agreements. conditions and ~rovenants of said promixso~y note and this mortgage. any or either. are. not duly, promptly and fully performed. discharged, executed, e[fected,. completed. complied with and abided - by. then, in e1[her or any such event. the said aggregate sum mentioned in sa~d promissory note then remaining unpaid, with interest accrued, and all moneys secured hcreby. ahall become due and payable torthwith, or there- after, at Lhe option of said Mortgagee. as fully and completely as if all of the said suma of money were originally atipulated to be pai3 on such day, anything in said promissory note. and %or in thia mortgage to the contrary not- withsianding; and thereupon or thereafter at Lhe option of said l~iortgagee. ~vithout notice or demand, auit at law or in eqWty. theretotore. or thereafter begun. may be prosecuted as if all moneya secured hereby had rinatured prior to its institution That in the event that at the beginning of or st any time pending any suit upon this mortgage. or to fonclose it, or W nform it, and/or to eniorce payment ot any claims hereunder, said Mortgagee shall spply to the court having juriedicUon thereof for the appointment of a Receiver, auct? court shaU forthwith appoint a RecNver of said mottgaged property all and singular. including all and aingular the rents. income. pmfits, ~ is~ues and revenues from whatever eource deriyed, each and every ot which, it being expressly understood, is j hereby mortgaged as if specificaUy set forth and descrited in the granting and habendum clauses hereoi. and auch Receiver shall have all the brnad and effective functinns and po«•ers in anywise entrusted by a court to a Receiver~ and such appointment shall be made by auch court as an admitted equity and a matter of ab- solute right to said Mortgagee. and without reference to the adequacy or inadequacy of the value of the prnp- ' erty mortgaged or to the aolvency or insolvency ot aaid Mortgagor and/or of the defendants, and that auch - ! . nnts, pm8ts, income, issuea and re~'enues shall be applied by such Receiver according to the lien and/or equity ; of said Mortgegee and the practice of such courG ! 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation : ~ above described any additional loans or future advances made within twenty years from date hereof by th2 ~ ! mortgagee to ~aid mortgagors or any successor in title of said mortgagors of the property hereby conveyed; 6 provided that the total unpaid balanG~.~j t e ebtedness secu he at any one time shall not exceed ; the maximum principal amount of ;!iu~ ~usand a~il0~ Dollars ; plus interest thereon and any disbursements made by the mortgagee for the pay- ment of taxes, levies or insurance on the property encumbered hereby with interest on such disbursements. II1 WITNES3 WHERFAF. the asid Mortgagor bas execnted this o age under seal on the day and year nere;n rinc .eove .vrttten. si~ea. sealed and delivered in jht~re~ence of: LVA TA D VE MENT RPORATION ~ :~.,.~~~~a~ - ' By: • . a lor, es ent Q ~ii Y . ~ ;.c`~ .•~K YS? - 0~~' : ~ Q . I 1:1' . ~1, , ' ' . STATE OF-•-•--• '-r~ J~ ~`j ~ ~ COLTNTY OF_. ~ ~ ~ •G~• ~ ` ~ - i Pe Y PP~......_......_......_ ' Hefore me reonall a ~ to me well known and known to me to Ae the individual_... described in aad who executed the foregoing instru- ~ i ment, and acknowledged before me that ._..he.... executed the same for the purposes thenin expresaed. : WTl'NES3 my hend and oftlcial seal this_.....-• ....................dsy oL....»~......,..._....._...._............._...._..... 1~_._._ _ Notary Public 1n and for the County and State Aforeaald. My commiasion eacpires: i d ~ f - 3 - ao~ Z14 ~25i ~ _ r;~ ; .