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HomeMy WebLinkAbout0213 I . 8. That (a1 !n the svent of any breach ot thia mortgage oe default on the put ot the l~fortgxgor, or lb? tn the avent any of said aum~ of money hereln referred to not promptly and tuUy paid within ten dayt next ~iter the same aeverally become due and payable, without demand or notice, or ~c) in the event each and every the atipulationa, agteements, conditions and covenants oi sa~d prom~sso~y note and thia mortgage, any or either. are not duly. promptly at?d tully pertormed. discha~ged. executed. ettecled. completed, complied with and abided ~ by. then. in eithe~ or any such event, the ssiJ aggragate sum m. ntione.i in sa,d prom~ssory note then remaining unpaid, with fnLeresT acerued. and aU moneya secured hrreby. ahuU become due end payable forthwith. or there- ~ after, at the option of aaid Mortgagee, as tully and completely as if all ot the said sunis ot money were oHginaliy stipulsted to be paid on auch day, anything in said promissory note, and ~ or in thia mortgage to the contrary not- withstanding; and thereupon or thereafter at the optic~n of said rlortgagee, ~~•ithout notice or demand. suit st law or in eqWty. theretofore, or thereaiter begun. may be prosecuted as it all moneya secured hereby had matured prior to its instituUon. 7. Thst in ths evwt thst at the beginning of or at any ttme pending any ault upon this mortgage. or to foreclo~e it, or W setorm and/or to enforce payment of any claims henundar, said Mortgagee ~hall ~pply to the court having Jurisdictlon thereof for the appointment ot a Receiver, auch court shaL forthwith appoint a Receiver ot said mortgaged pmperty all and aingular. including aU and aingular the renta. income. profits, isaues and revenuea fTOra whatever aource derived, each and every ot which. it being expressly understood. L hereby mortgaged as if apecitically set forth ~and descrit.ed in the granting and habendum clauses hereof. sad such Receiver ahall have aU the broad and etfective Nnctions and ~~vers in anywise entcusted by a court to a Receiver, and auch appointment ahall be made by auch court as an sdmitted equity tnd a mstter ot ab- ~ solnte right to aaid Mortgagee. and without reterence to the adequacy or inadequacy of the value oi the prop- erty mortgaged or to the aolvency or insolvency ot aaid Mortgagor and/or of the defendanta. and thst auch rents, profits, income, is~ues and re~•enues shall be applted by such Receiver according to the lien and/or equity , ot satd Mortgagee and the pracUoe ot such court + 8: It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation i above described any additional loans or future advances made w~thin twenty years from date hereof by the ' mortgagee to said mortgagors or any successor in title oi said mortgagors of the property hereby conveyed; f provided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed the maximum principal amount of _ _ . . . . . _ . . _ . _ _ . Dollars ? (j 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 d~sbursements. IId WTl'PTES3 ~VHEREOF. the said Mortgagor has executed thi~ mortgage ander eeal on the dsy and year ~ Aerein llnt ~bove arlttea. 8lgaed. sealed snd dellvered in the presence of: ! s 4/ ~ . , . ; . f ~ ~ _ ~ ~ - ~ STATE OF---..F~.S?La.S~cl...»_........._... ~ i Martin ; COUNZ'Y OF . ~ ~ ~ Charle,Ss W } Before me personallY aPP~and-._._..___......... .._.....~~~~.j.I#$..•-...-.... . ' ..._......_.._.r._ I to me well known and known to me to be the individual.._. described in aad who executed the fongoin~ instrw E ment, and acknowledged before me that ._.he.... e~cecuted the same for the purposea thenin expreseed. t. E WTITTESS my hand and official aeal this..._....a~.... ~ dsy oL_..... . _....r._=..»~~:.:y~ .~t •~'~,~L # ~ :.:'r~R:~R j~: . ~ _ ' ' .1~%Si~'- : ~ ~ ~l~' - :i~~i~ ~ £ PubHc in and for _ ' • - • 0%~°~ ~ the County and State Afo ~y~ ~ di - ~ ~ b'~t> >yY • :u'~ My rnmmission e~cpirea: ~ t-'. ~ . . ; ~ ~ I.,.:..r; . _~`'sr~j•, ~ 3TATE OF._....__.._....-•- • ~ ` ' . 4 ~'f My Ccmniii • ~I~ _ ~ covrrr~r oF ~ o - ~ sor•i~U by !v* ei~ ~ ~ ; ~ • ~ . ~ ~ , ~~ItU~if~It~U~~~ f ~ Betore me personWY sPPeared.• ' i ~ to ms ~vell ~own aad t anb ' i known t~ me to be the ...............-------...._.__.....__Preaident wd...._....._.._.._.._.~...._....__.~_......_..____...._....T_..._._ Secretar~ ` n re ctivel of tDe ~ raUo~n' ~ Y ~ ~ ~ named in the foregoing instniment, and known to me to be the persons who as auch olIIcers o! said co rstl ~ ~ ~ ~ executed the ssme; ~a w~n ana e~~~ c~e ~a---.---.~._~..__...._........_ .........:......._._.._....._..__.....---------_._.._ana r~ .~a ~ ~did acknowledge befors me that said ~ 1n~Wment fa the free act and deed ot said corporation by thena reepectlvelY ea[ecvted as such oMcera for ths ~ purposes therein expressed• that the aeal thereunto attached is ths oorporate seal by them in Wce capaclty ai- y? fixed; all under authority !n them duly vested by tha Board o! Directors oi aald corporaUon. ; ~t , 19..w x~ W1TNE38 my hand aad oftlcial aeal this .............__~._..._daq of_...._.._._._............_........._.__....... ' ~ ~~~v ,~_k ~•,Y DEO Notary Publlc In and for ; ~ I. Ft~• ~ the Co~mt snd 8tate Aforesa?d- - fT.~UCtE_~OL`I i ~ RG R A~ ldy commfssion ezpirea: ~3k ~L~ C ~ :"Ut i Y~J~JRT ~ ecC`un .~:f-.. ~~G;, ~ ~ ~ ~l 13PH'13 ~ ~ . ~ =A~ : 255~ ~oox 21~J ~acE 2~~ 0 0 H 2~) 9 ;.s ~ . _ . - - - - ; s - ~ ~ ~ ~~`=s,:~ ~ _ . . s