HomeMy WebLinkAbout2554 8. That (a) In the event ot any breach ot thi~ mnrtgaqe or detault on the part ot the Afortgzgar, or Ib? to
the event any ot said aums of money herein rclerred to be nut promptly an,f tully paid w•~thin tcn daya next
atter the s:?nu severally become due and papable, w~thuut demand or not~ce, or ~ci ~n the event each and e~~ery
the st~pulations, agreemcnts, condit~ons anJ co~'enants ot s:ud prom~s~~~~y n~~te and this ~nu~tpage, any or either,
are not duly, promptly and [ully pertormed, d~scha~~eci, exeruted, ettectu.i, completed, compUrd w•ith and abided
by, then, ~n cithe~ or any such event, the sat~ aggre~;ate sum m.~n2ioneJ in s:ud pronu~sory note then remauung
unpaid, with Iflla`[CSt A~C[UCd, and all ~noneys se~.ured h~ reby, shall becuuie due and pa)•able forthwith, or there-
s[ter, at the option ot sa?d \Sortgag.re, as fully ~nJ c.,mpletcl~• us it all ot the sn~d sun~s ot money w~e~e originaUy
at~pulated to be pai.i on such day, anything in su?d pronussocy nnte, und or in thi9 ~nortfiage to the eontcary not-
w~thstanding; and thereupon or lhe~eafte~ at the optu~n ot said ~lort~;dgee, ~~•ithout not~ce or demand. auit at
~ law or in equity. theretofore, o~ thereafter begun; may be prosecuted as 1f all monaya secured hereby had matured
prior to its institution .
7. That in the ever?L thst at the beginning of or at any time pending any suit upon this mortgage. or to
foreclose it, or to retorm it. snd/or to enforce payment ot any claims hereunder, said dtortgagee ahall apply
to the cou~t having jurisdiction thereof for the appaintment' ot a Rrce~ver, such cou~t shall torthwith appoint
s Receiver o[ said mortgaged property all and s?ngt~lar. including all und aingular the rents, income, profits,
issuea and revenues from whatever source deri~~ed, ea~•h and e~•ery ot ~vhich, et being expres9ly understood, la
hereby morigaged a~ if specifically set torth and descrited in the Rrant?ng and habendum clausea hereof. and
euch Receiver shall have all the broad and effective funct~~ns and pu~~•ers in am~~ise entrusted by a court
to e Receiver, and such appointment shall be made by such cuurt a9 an admitted equity and a matter of ab-
eolute right to said Mortgagee, and ~vithout re[erence to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency a[ said rtort~agor and ior of the defendantn, and that auch ;
rents. prot?cs, income, issues and re~•enues shall be al~plied by such Recei~•er according to the lien aad/or equity
of said Mortgagee and the practice of such court.
~I~t is u
above~esct'ibed-aa~ ditional loans or future advances made within twenty years from date hereof by the
mortgagee to ; aid mortga ccessor in title of said mortgagors of the property hereby conveyed;
providecl that the total unpaid balance o ess secured hereby at any one 1~me shall not exceed
ihe maximum principal amount of Dollars
~S plus interest thereon and any disbursements ma e a ee for the pay-
mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on suc ts. -
,
1N WITNESS WHEREOF, the said Mortgsgor haa executed this mortgage under ~eal on the day and year
herein firet above written. -
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3igned. sealed and delivered in the presence ot:
• T
. -D L. Lrown :
~ . U~ '
Elaine M. Brown -
~
FLC... .
STATL OF..._ ~ ,
covri~ oF._.~.. MARTIN---.-------- ~ ;
DANNY L. LROWN and ELAI~IE_.~.VI... ~~.~~II~T.,...~i.~ :
~~o~h~ye. pereonaUy appesred
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~,m~ well'+en~~ d kno~vn to me to be the individual described in and who executed the foregoing instru-
i ~~~~cnQv~rleQ_ged before me that .~-he.y executed the same for the purposey therein e~cpressed.
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~ ~~T1~F~S~mY hand and ofticiffi aeal thi~-•---••----l.l. .__daY of----------~~~kl_ 19._ -
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~ ~~y~~~~• ` ~ ~ . "'"~1__..
~ '•:,~~'~F' Notary bLc in and for
~ t:i'~' the Co ty and State Aforesaid.
biy commiaslon expirea:
wo'~.v r.:a:f it~tn .1 ~~~a~ ~ WrCE
~ ss. 1 ~ L3vIM5i~ f~P1Rfi /~+lT ~ 1111
F~ COUNTY OF.._.._...-•---•-°--.....-•
~
`s~~ Before ~ts.Eersonally appeared..--•--•--• -
~ \
~ , ----_..M...._~..-----•-., to me well ]mown and
an~•-••-•-••
~ . 3ecretar7
~ known to me to De the.••----••--•-•-=^~....--°•--....----Preaident and......._...------...._.._
~ respectively of . . _ the corporation
. . . . -
~ named in the foregoing inatrument, and known to,\r~e to be the pereons who ae auch oi5cers o! aald corporation.
_.and the said '
'
eaecuted the same; and then and there the said-•--._.._:::
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:k~ ' .___d1d acknowledge before me that aatd
~ . ._.....~.r~..r---•----•- -
; fnstrument 1s the free act and deed of safd corporation by them resp~Uvely execnted ae such offlcera for ths ~
purposes therein expressed; that the aeal thereunto attached is tha cotpOrate seal by them in 11ke capacity at- ;
fixed: a11 under auihorlty in them duly veated by the Board of Directors of Baid corporation
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WTI'NESS my hand and ofticial seal thie--••----•-•------._.....day of._.........___...
~r3
.
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Notary Publlc In and for
: w~UE@ the County and 3tate Aforeseid.
F ~EO x~i_ i~t fCd-
="=a ll}~.4. `~.~~~5 My commission acptres:
e~~`° - couat
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_ h~t ?.4 ~M
~ : 22~
53
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