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6. Thwt (a! In the event of sny breach o~ th~~ mortgage or detault on tho part ot the ~tortg~ ~i, o~ ib~ tn
the event any o[ aa~d aum~ ot muney here~n referred ;o be nut promptly an~i tully pa:d w•ithin ~ days next
•iter the same aeverelly become due and psyable, N'l~h~~ut d.mand ur iwt,~e, ur ~c? in the e~~ent each and e~•ery
the st~pulaiions, agrea:men[s, roisJit?on~ and .•nrenant~ uf s:i~J Frruri:.,: ~~r ~ r~ ,:e and th~s 2„~.rt;;:~be, zny ur eiiher, '
are not dulp, promptly and tully per[ormed, dischar};~~d, exeruteJ, eti~ cte.l, c~,rnplet~~d, cumpl~.•d w•ith nnd ab~drd
by, then, tn cither or any such event, the saiJ a~;gre~;ate sum m~•i;t,~u~•1 an s1.d ~ r,~:r~::;sury note thcn rerna~n~nq
unpa~d, u•!th ~nt~•rc~t Accrucr,l, and aU w~~neys sr~ ~uc~l h~ reby, sh:.il be~~,inP dur xnd p.~~•able fo~th~~•ith, or th~re-
itter, at ll~e opt~on ot sa~d \1ort6a~;~r, as tully .~n~f r~~r..pt~tcl}• :~s ~f all o[ tt,P .,ani ;un~a ot mnney u~ere originally
aUpulated lo be pa~.f on such .lay, a:~ythtng ~n s:ud pr<u~.;ss~~ry n~~`~~, un~i ur ~n 21~+~ i:iort~;..ge to ihe con[rary not-
w~tRstand~ng; and thereupon or therea[te~ at thc a;~ta~ n ~t ~a:~l ~lurt~agee, ~.~~thuut nutice or demand, swt at
law or in eqWty, theretofore, or lhereafter begun, t,?aa• t,e prosecutr.l as if ait inunrys secur~d hereby had matured
ptior to ita ~nsiitution.
7. That in the eveni that at the beglnning ot or ak any tlme pending any suit upon thi~ mortgage, or to
foreclose it, or to retorm it, eu~d-or to enforre paymeat ot any claims hereunder, sald ~iortgagee ~haR apply
to the court hav~ng jurisdiction thereol tor the appwntmerte of a Rec~~a:rr, such court shall forthweth appo~nt
a Receiver ot said mortgaged property all and s~n~~l~r, incluJlnk all and s~n~ilar the rents, income, prot~ta,
is~ues and revenues t*om whate~•er source den~~ed, ea •h an~f rv~~ey ~vh:cP~, it beeng expressty understood, is
hereb)~ mortgaSAd a~ !f specsf~cslly set forth and desrribed in tlie ~r:~nting :u1~ haDendum clause~ hereof, and
such Rece~ver shall have all the broad and effect~~•e tunrh~~rt; iu~i ;~.~t~~rs ~n x~,y~+•~se entrusted by a court
to a Receiver, and such appoirttmPnt shaU be ma~lr by sunc ~ouri .19 an adrnitted cY~uity and a matter ol ab-
solute right to said Diortgagee, and w~thout re[erence to the adcyua~ y or inadequacy of the value of the prop-
erty mortgaged or to the solvency or tnsolvency of said 11urt~a~;nr an:i'or of the detendants, and that such
renta, proht~, income, ~ssues and re•:enues sha11 be aJ~plied by such I;eceiti•er according to the lien andfor equity
Of said Mortgegee and the practice of such cou~t.
8. lt is understood and agrecd that this mortgage is Kiven to securc. in addition to thc nutc ~,r ~,b1i~;at?un
aboye descr?bed anv additionat luans or future advances made u•~thin tu•enty ~•ears fr~,m date }~err~~f bt• th•r
mortgagee to >a~d mortga~o?•s or an}• succe~s~~r in tiUe ot said mortKag~ts ~f the Qrc~pert~• hereby cun~~c•~•ed:
providcYl that the total unpa~d balance ot the indebtc~ness secured herebp at any one L1RlE• ;hatl n~~t exceed
the maximum principal amount of lluUars
(S l, plus ~nterest there.~n and any di;bursements made by the mort~;a~ec fur the },a~~-
mrnt of taxec, levies or insurance on the property encumbered hereby. H•ith interest on such d~sbur~en:ent..
IN WITNESS tVH~RE~JF, the said Mortgagor ha~ executed thi~ mortgege under ~eal on the day and year
herein first above wnittea.
3igned, aealed and delivered i~ the presence of:
•~:J`:.`'~_-:.~~-ti.:~...--~--.~ ` ~~---L.S.
' Fr I. Mi h n
. 1~.G _
::....~~_.lc.~.~:=`r..~..--~---~ .
~o Frank I. Milhoan and -
Judith L. Milhoan .
C S .
J ith L. Milhoan
~ .
~ ,
STATE OF..::f.:`~.`::::~:~...°-°•--)
: • - ' ta~.
~ COLTNTY OF..! j~ ~NC-![_~i..x.~:---.---.. 1
; Betore me personauy appeared...__...FRANK.._ I.._...b.1.~..L!~Q~1~!i __~45~.._s~UDTTH..L......b~I~tiQA1~I~__.._....
{ . ;
~
..__has---~zi.fe......_ .
to me weU kno~~n and kno«~r. to me to Ae tAe inrli:•idualS. descnbed in and who executed the~~rgr~3ng in~tiv
ment, and acknowledged before me that .~.tee3!. executed t.he same for the purposea therem expt~sp~d.d~:,_
~ , ~
/ • . •
...aa or_._ November_;..:. . 1e~~:
WITNESS my hand and offtcial ~eal this_...../..~t.-~1~... . y
- • ~
filEO A~~ RECOROED ~ " ~ -
S~.tUC1E COUNtY flA' A. ~r~ ` ~
G~.. ~4t~~~ ,
ROCE~ r^OtTAAS ~ - . _._...,s +
?y ^r~ !~CU1T COUR otary Public tn and for
2/~,`~/G?J CLERK C r' County and 5tate Aforesa~{i;'~ ~
QE~~R~yvERIFI£fl . z
- .
' STATE OF_....._ f commission expires: ~ •
. ,~1 1 ~ 2 26 4 ~ K,~aat ~ ~...~ua i~ t~a
? N
- RGE
' COUNTY OF----••-•-----••---•••--•-•••-...-.-•--••••--I ss. i~Y i:GM",•:.i; ~y ;'_S SEPT. l. 1975
~wAeQ Ia~u Gen. lr.sur. UnGer~dter~
' Before me personaLy appeared.-----••
! and__........••-• ...........•-•••--••.---...---._..._...-----•--•-•-•--•-----•-.r...._--••-•---•_._....._.._._._._--•----•---.....___.._._....._.. to me well known eud
' known to me to be the..-•----..._..._.• ....................•Preaident and_._._._.._.......-•--..._..-•-••--._.._....._----•-•----•--°•-•°••-...--•••---- 3ecretar~
respectively of . t,1ie corporntion '
named in the [oregoing inatrument, and known to me Lo be the persons who ae euch of6cera o! aafd corporaUon,
e:ecuted the same: and then and there the said-----.•--.-•-_•••--•-----• .................••--•--.-••-•-••---•--•._...--------••---.....-•--•--tnd the aatd
.................••---...__..--••••--..__...~.....~..~__.__._.__..---._._...-------..__..d1d ~cknowledge betore me that sald ~
lnstrument f~ the free act and deed of safd corporation by them respecUvely executed a~ ~uch otflcer~ for the i
purpwes therein expressed: that the eesl thereunto attached U the corpora[e seat by them in like capaclty at- ±
[ixed: alt under authorfty In them duly vested by tbe Board of Director~ ot said corporation.
WTPNESS my hand and offlctal seal thia-.------.--•--------•....day ol......---••-•-•--•••--••--.•• ~19- ~
: ~ L :
Cd ' > '~l
. ~
~
..........................-r----•----•~--- t'~•-----wm
Notary PubHc 1n and for fj f'*1 p
the County and 3tat! Alor4q,td. ~
~7
~ My comatlaetoa e~cpines:. ' ~ Qf ? ~
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~ 3r? 36~ `rA~E1069 D .
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800M PA~E~z~ "
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