HomeMy WebLinkAbout2622 8. Thnt (a) 1n the event o! sny breach ot thi~ mortgage or detault on the QArt ot the Dlortgagor, or lb? Ln
the event any oI said sums ot money herein referreci to be not promptly anJ fully paid w~thin len daye next
atter the same severally become due and payable, withuut demand or not,ce, ur ~c) in the event each and every
the et~pulations, agreements, conditlona and rovenants of said pcom~s,ui y note and th?s m~~rtoage, any or eithe~,
sre not d~ly, promptly and fully performed, d~scharged, executed, effectel, completed, complied with and abided
by. then, in e~ther or sny such event, the ss~d aggregate si~m m.•nt~oneJ ~n sald promi~sory note lhen temaining
unpaid, with intece~t accrued, and all aioneys se~ured h.•reLy, shall Decome due and payable torth~vith, or there-
atter, at the option of said 1liortgagee, as fully and cumptetely as if 31l o[ the said sums of money w•ere originally
at~pulated to be paia on such day, anything in suid pronussory note, and or in thia mortgage to the contrary not-
'withstandtng; and thereupon or therea[ter at the optiun of sald Dlortgagee, ~~•ithout noGce or demand. auit at
1aw or in equity, theretofore. or thereatte~ begvn. may be prosecuted a?s it nll moneys~secured hereby Md metured
prlor to its institution.
7. That in the event that at the Deginnfng ot or at any time pending any suit upon this mortgage, or to
foreclose i~ or to reform it. andlor to enforce payment of any cls~ma hereunder, ~aid Diortgagee ahall apply
to ihe court having jurisdiction thereo[ tor the appointment ot a Rece~ver, auch court shall forthwith appoint
s Receiver ot said mortgaged property all and singular. including all And aingular the rents. income, profits.
iasuea and revenues from whatever source derived, each and e~•ei•y o[ ~vhich, it being expressly understood, is
hereby mortgaged as if speci[ically set torth and descr~ted in the Rranting and habendum clausea hereof, and
euch Receiver shatl have all the broad and eftecti~~e tuncti~ns an~i H~,~~•ers in anvwise entrusted by a eourt'
to e Receiver, and such appointment shall be made by such court a~ an admitted equity_ and a matter of ab-
eolute tight to said I?iortgagee, and without reference to the adeyuacy or inadequacy of the value ~f the prop-
erty mortgaged or to the solvency or insolvency of said MortRagor and~or of the detendante, and that auch
rente, profita, Income, issues and re~'enues shall be aj~plied by such Recei~•er accotding to the lien aad/or equity
ot aaid Mortgagee snd the practice of such court.
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 the ~
mortgagee to ~aii mortgagors or any successor in title of said mortgagors ot the property hereby conveyed; •
provided lhat the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed ~
the maximum principal amount of Dollars ;
plus interest thereon and any disbursements made by the mortgagee for the pay- s
mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements. ?
IN WITNESS WHEREOF, the aafd Mortgagor has executed this mortgage under. aeal on the day and year ~
herein f' t above wrritten.
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3ign . effied and dellvered in the presence ot:
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; to me well known and kno~vn to me to be~the;individualS._ described in d who executed the foregoing instru• ~
; ment, and acknowledged before me that _::.he.:_. executed the same for purposea therein expressed. ~
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~ WITNESS my hand and offlcial aeal thia_•--...4--•--- L_~ _ :
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~ Notary llc in and for ;
~ the County and State Aforesaid.
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~ My commiesion expirea: •
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:u 3TA'1'E OF-•--•...-•-•---•-••••••-•••---....••----•--- _ _ t' ' ' - t. ^
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COUNTY OF---°--•--..._._.....-°-------•-•°--°-- ~ . : • . . ,
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Betore me personally appeared---•--•---........_
~ ~d to me well known and
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~ 3ecretnt~
~ known to me to be the ..............•---•--•--............~..Preafdent and...._._...._._......_..__._._......._..._.__..._...._-----_. ;
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r~ the corporatton =
' respectfvely of
named in the foregoing instrument, and lcnawn to me to be Lhe petsons who +is auct~ oflicers o! said corporstloa.
__aad the asld '
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~ executed the same; ar~d then and there the said.---••--..... .
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~ _~.......__d1d acknowledge before me that said ~
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in9trument 1~ the free act and deed of said corporation by them respecUvely exacuted as auch ofticers for ths
'3 purpo9ea iherein expressed; that the aeal thereunto attached is the corporste seal by them 1n 11ks capacity at-
= tixed; all under authorlty fn them duly veated by the Board o! Director~ oi aaid corporation.
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WITNES9 my hand and oi8cisl eeal thie-•-•----....._.._._..._.day oi....-----.._------..._.
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<; Notary Pnbllc in and for
~ the County snd Stste Aforeaatd-
FILE~ ~Nu =EN~Y f~~. ~ My commiasioa ezpires:
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~y 2~2s9o do~222 P~262i
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