HomeMy WebLinkAbout0060 6. That (a) tn the event o! ai;y breach ot thiq m~rtgage or default on the part ot the ~tortg~~;or, or ~b1 ln
Lhe rvenl any. ot seid sums nf n~uney here?n referred to Le nut pruti~ptly an,l fully patd K•:thin ten days n~x!
atter the s;?me se~•eratly brcou~e due arid payabie, a•:thuuL dc~rnanJ ur r,oh~:•, ur ~c~ ~n tlie e~•ent each and every
the st~putauons, ab~eements, cond~Uons und cu~•enants c,f v~ud prum.a_ ~~i n~~;e and thi~ tuurt~at;e, any or either,
are not duly, protnptly and fullp pr.rfurtned, d~schar~;ecl, execut~~d, etfecte.i, cuaiplcte~, cumplerd w•~Lh and abided
by, then, in cither or any such e~~eiit, the sa~J a};giegate suui m~~nt~un~,1 ~n s,i~J }~romi~sury tiote then remain~ng
unpa~d, ~vith intr~r~t n~crued, an~l ail r.wneys se~_ured h~ reby, sh:~ll becumP ~lue and pa~•able torth~rith, or there-
atter, at the opUon of sa~d diortga~;ce, as fulfy and cuinplet~~l~• us ~f all of the said sutz~s ot mon~y ~~•ere or~g~naliy
at~pulated to be pa~.i on such ~lay, a:iything ~n Qa~d pruiu~ssor}• nnt~, ttn~f or in th~s ~uorigaga to the contrary not-
~•?thstanding; and thereupon or thercaftcr ~t the opti~m of sa~d blort~agee, ~cithout notice or demand, suit at
law or in equity, theretofore, or thereafter begun~ may be prusecuteJ as ~t ull moncy~ secured hereby had matured
prior to its institution.
7. That in the event that at the beginning ot or at any time pending any suit upon thia mortgage, or to
toreclose it, or to reform it, and;'or to enforee payment ot any claims t~ereunder, said ~tortgagee ahall apply
to the court having jurisdiction thereof for the appumtmer.t of a Rrre~ver, such court shall forthwith appoint
s Receiver et said mortgaged property all and sin~Uar, ~nciuding alt and singular the renis, income, prof~ts.
iasues end tevenues from whate~•er source deri~•eJ, ea~•h and evPry u[ ~~•hich, it be~ng expressly understood, ia
hereby mortgabAd if specifically set torth and desented in the ~ranting :u~~ habendum clauses hereof, aad
euch Receiver shalt have all the broad and eftectire fun~~t~n»s and F~t,v:ers in any~~•1se entrusted by a court
to a Receiver, and such appointmrnt shall be made by such cuurt :ts an admitted equity and a matter of ab-
solute right to said ]?iortgagee, and «nthout refcrcnce to the adeyuacy or irtadequacy af the value ot the prop-
erty mortgaged or to the solvency or insolvency ot said a(ort~a~or and'or of the deLendants, and that auch
renta, protits, income, issues and re~•enues shall De at~pl~ed by such Recei~~er according to the tien and/or equity
of said Mortgagee and the practice of such court.
above es itional loans or future advances made w•ithin hventy years from date hereof by th2 ~
murtga~ee to ~atd mortga ~cessur in title of said mortgagors ot the property hereby conveyed;
provided that the total unpaid balance o secured hereby at any one time shall not exceed
the maximwtii principal amount of Dollars
(S l, plus interest thereon and any disbursements rriade y for the },ay-
mrnt of taxes, ievies or insurance on the property encumbered hereb}•, ~~~ith interest on such ~s
IN WITNESS ~VFiEREOF, the said biortgagor has executed this mortgage under seal on the day and yeer
herein firet above written. .
3igned, sealed and delivered in the presence ot: ~ ,
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~ L~~~~~ ~ Iph Saverino ~
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Mary' verino
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' ' ' ' RALPH SAVE~INC an~_MARY SAVE~:.I~TC,----_----.._._.___
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i _ : Befon;taC peraonally appeared---••••-•-----•---- . .
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~ ,',~tn tcfe~~li knplVa snd knon~r? to me to be the indicidual.... descrihed in and uho executed the foregoing instru-
~ ':;.l~ept, and ~c`npialedged before me that .~.he_~T. executed ihe same for the purposes therein expressed.
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4 ESS m hand and official seal t]us._......-••--...-••-•--•...day af--•_••-- --...-•--r..y-°,•-------•--••••-
3 . '~-•.t~~~'~::~-~
° Notsry Public 1n and r
the County and State Aforesaid.
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~ :Ny commission expires: ~ ~_.~r±a ~t ~a*gA
' FIOtaN Puh'~C. ~t? ~ nf F,;. ~1, i9i4
STATE OF...-•---•---•---•.....--•-~----•-•---........
= My Cemm~,s . .3•.- y,~~.e Ca.
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' BondeJ by l~a':s,~~~,:~._r ~
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~ Be e personally appeared-----•
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? to me well known and
...............•-°•-----••r---°•--------•--•-----....._._...._~.......__._.._.._..------•-•-°---
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~ known to me to be the_..-•-.....__• • ................•.Preeident and~•--------...._..-•--•-••••-•-----...---..._.._..-••-•--_..------_.._----•..~.. 3ecretar~
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= respectively ot ~ the corporatloa
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= named in the foregoing instrument, and know-n t to be 'the pereons who ae euch officers of said corporation.
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' eaecuted the same; and ihen and there Lhe aa1d .._.and tha eald
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~ ----._._dld acknowledge before me that eaf
J instrument ls the free act and deed of said corporation by them respective xecuted as 9uch ofIIcer~ for ths
; purpose~ therein expressed; that ihe seal thereunto attached in the corporate by them in Wce. capacity af-
~ tixed; all under authority in them duly vested by the Board o! Directors ot said co 'on.
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; WITNESS my hand and otficial eea,l thie..--------•---•--•~_.....day of..•---•...-------•--••••-----••--•-•..-.-_ 19.._.--
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R~ `v Notary Publlc in and for
_ C± c- ~~S T~~ the County and Stste Afore+aid.
_ ~ ~ My comml8eton e:pirea:
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~ 2'~49'72
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