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Home My WebLink About1950 8. 11u?t (a) In ths event oL any breach ot thls mortgage or detault on the part o! the 1?tortgngor, or Ibl W the event any ot aaid aums of money herein referred W be not promptty and fully paid withi~ ten dayi next afcer Lhe same aeveraliy become due and payable, withuut domand or not~ce. or ~c) in the event each and every the st~pulutions, agreementa. conditiona and covenants ot aa?d prom?ss~~ y nute aad this mortgage, any or either. are not duly. promptly attd fulty per[o~med. di~charged, executed. ettected, completed, complied with and abided by, then. in eithe~ or any such event. the aaid asgregate sum m. ntioned in s~~d promissory note then remalning unpaid, with intrreat accrued, and ali moneys aecured hrreby. ahati become due and payable forthwith, or there- atter, at the optlon ot aaid Mortgagee, as tully and campletely as it all ot the said suma of money were originally stipulsted to be paid on auch day, anything in said proniissory note, an~i %or ia thia mortgage to the contraty not- withstanding; and thereupon or thereafter at the optinn ot ssid 7?iortgagee, ~vithout notice or demand, suit st law or in equity, theretofore. or thereaiter begun, may Ds prosecuted ae it all moneya aecured hereby had raatured prlor to tts inatitution. 7. That in the event thst at the begtnning of or at anq time pending any aWt upon thls mortgage, or to lorecloae 1t, or to retorm It, ewd/or to entorre payment ot any claims hereunder. asid Mortgagee stWl apply to the court hsving juriadiction thereoi tor the appointment ot a Receiver. auch eouM ehall tosthwith eppoint a Keceiver of aaid mortgaged property all and.aingular. lncluding all and eingvlar the rents. tncome, prorits. issues and tevenuea frotn whatever aource derived, each and every of which. it being expreasly understood. is hereby mortgaged as if apecitically aet forth and descrft.ed in tAe granting and habendum ctausea here0t. and such Recelver ahaU have all the broad and ettective funetions and }w~ve~~ in anywise entnuted by s court to a Receiver, and such sppoinUnent ahall be made by such court as en edmitted equ[ty ~nd s mattes of ab~ sotuta rlght tfl asld Mortgagee. and wlthout reference to the sdequacy or inadequacy ot the value of tha prop- erty mortgaged os Lo the aolvency or tnaolvency ot ssid Mortgagor and/or of the defendante. and that auch nnts, pro~its. income. issues and ce~•enues shaU be applied by auch iteceiver according to tbe 1len and/or equity ot said MorLgAgee and the ptactice of auch rnur~ 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 irom date hereof by the mortgagee to ~aid mortgagors or any successor ia title of said mortgagors of the pmperty hereby conveyed; provided that the total unpaid balance of the indebtedness secured hereby at any one ume shall not exceed the maximum principal amount oi _ _ _ _ _ _ . _ . _ _ Dollars (S - plus tnterest lhereon 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. IN W1TNE53 WHERFOF. We said Mortg~gor has sxecuted this mortgage under seal on tAe day and year herein first above M?rlttea. _ Signed. sealed and dellvend in the preaence oi: ~ t'!1 ~ -iES :•I. BA iRTCK ~ • RNE~'Z'I23~: L . B~~rHRIC}: sTATE OF.....r~LUkI+I:~..._.........._...~ CoUNTY OF... ;_ii~R:~ I~I r' Before a1e persanaUy appeat^eb.._Jat;'~eS W. Bathric~: and Ernestine_,~~,~~,N his wife to me well known and knocvn to me to he ihe individualS. de~cribed in aud who executed the foregoing~sW- men~ and acknowledged before me that t_he.X executed the ~ame for the purposeb therein e,upreased. ``,.auu~inr~~~~~i +~~1~(0 WITNESS my hand and oificial seal thia__.....~.., ~'~..day of_..._ _`~f.~c~..,~~ ~ ' ~ i . O ' ~ ~ ~ ` s: . Notary blic fa ara~ t~ ~ ~ ' ~ ~ ~ _ the Co ty and ~ Il~o~Ssi~ oo~ " Jyy.:.~.,~,~ ; . My commis~ione " : . j Q : STAZ'E ~F ) NOTARY PUF~~~~ ~ ~ ~ ~ } My Gomm~ssi~ ~~Tjre4~ ~p : COLTNTY OF ..............._.._...----°-------...._l eona«~ Dy AUTObwt~slxs ~ ~1 ' ~~+r:~~~,.• ~ ; Before me persoually sppeared...---------•---.._.---------_..____.__......_._.__..._...._. ~ and ._.._..Y t0 me Wl11 ImOWII aDti f ~ knov~rn Lfl me to be the.----••.......~.._..._..~.___._..Prestdent atid_..__............~..._.._._~..__...........__........_..____._._._ Secretar~ i --"""----..._......_.r_~ t$A laOtpOr8Uo71 ` respectively of ~ nanned in the foregoing instrument, and known to me to be the persotu who as such otIIcers ot said ca;pontioq s ; ~ executed the same; snd then and there the said..._.....__....._. --..__~__aad U?e Wd i ~ ...............did acknowledge befora me thst said lnstrument ts the free sct and deed of said rnrporation by them respecUvely ezecuted as auch ofilcers for ths purpo~es therein expressed: that the seal thereunto attached is the oorporate seal bq them in 11ke capufty ai- ; fixed; all under authority 1n them duly vested by the Board of Directors ot aald oorpontion. ~ f , WITNFSS my hand and oitlcial thia---•....._..._.~.~.....day of._..._...._.__..--•°----...._._._. 19........ ~ Notary PubLc 1n and for tbe County and Sbte Aforeseld. ' t,QN~EU, ~ a~y commla~ion eacpires: ~ F tE0 ~~y117~ ` i ~.1.~ R P4~1N?s . ; ROCE `~C~tj COUat " ~nRO'~E~'sEtEa ~ REC ~ ~ +Z ~ z~eK ~ - ~ $ ~ 261633 B~~K21'~ PAGE~.9~2 r . - ~ M ~ ~ _ _ ~ ~ ~ _ ~ .