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HomeMy WebLinkAbout1331 i ' g, Tbat (a) ln the event of any breach of thia mortgsge or defaull on the part ot the :?IurtgAgor, or Ib1 ln the event any of aaid aum~ ot money heretn referred to be nut promptly and fiilly paid w~thin ten daya aext after the same seve~ally become due and payable, without demand or not,~•e, ur ~c1 ~n the e~•ent each and e~•ery the at~pulations, agreementa, conditions and rovenanta oi said prum,s>~~~ n.,te and this mr,rteage, any or eithe~, ue not duly, promptly and fully performed, d~scharged, executed, effected, cumpleted, complied w•ith and abided by, then. in either or any such event, the saiJ aggregate sum m~•ntiane~f s:i:d promissory note then rema~rung unpa~d, with interest accrued, and ail nioney~ secured h.~reby, sh:?11 becume due and papable torth~~zth, or the~e- a[ter, at the uption of said Dtortgagee, as tuUy and cumpletely as it all ot the said suii~s oi money w•ere originaliy aUpulated to be pai~ on such day, anything in sa~d pronussory note, and or ?n this uiortgage to the contrary not- withstanding; and thereupon or thereaiter at tne opti~~n of said Atortgagee, ~~ithout notice or demand, auit at law or in equlty. theretoforo, or theceatter begun. may be prosecuted as ~t all muneys secured hereby had matund prior to ite insUtutfon. T. That in th~ event thst at the beginning ot or at any time pending any suit upon thte mortgage~ or to forecloae i~ or to retorm it. and/or to enforce payment of any claims hereunder, said .I?tortgagee shall spply to the court having jurisdiction theteoi for the appu~ntment ot a Rccei~er, such court shall forthvvith appoint a Receiver of eafd mortgaged property all and singular, including all and s~ngular the rents, income, profits, issuea and revenuea trom whatever aource derlved, each and e~•ery ot hich, it being expresaly understood, is hereby mortgaged aa it specitically set forth and descr?ted in the ~rant?ng and habendum clauses hereof. and such Receiver shall have all the broad and eftectne functi~ns an~i }~u~~•er~ in xn>~•ise entrusted by a court to s Receiver, and such appointment shall be made by auch court a~ an adrnitted equity and a matter ot eb- solute right to said biortgagee, and wtthout reterence to the adequacy or inadequacy ot the value of the prop- erty mortgaged or to the aolvency or insolvency o[ said Dtortgagor and'or of the defendanL~, and that such reats~ profita, income, issues and re~'enues shail be applied by such Recei~er according to the 11en and/or equity o! said•Mortgagee aad the practice of such court. _ . _ 7~X ~ ~ IN WITNESS WHEREOF. the aaid Mortgagor haa executed thla mo er xsl on the day and year hcrrin tint ~bove ~vrittea. Signed. sealed and de vered in the presence o!: . , . ~..~a...:__~-~it w,~ ~~'il~ ($F.AL) _.1.~, _~.r~.~.:,~~ G e S a an ~ . - _ -,r~ _ . . . ~ ,i - . l:,i STATE OF._..~L ORNIA . . ' ' ' , COUN'I'Y OF...~~ K (/~LfC'~C.c~.l-.~/7'~ GEORGE SUG~ARN~N - - - Before me personeliy appeued....._.__..___._...__.......~._.._..__.._._..... I to me v~ell known and know-n to me to be the individual_... described in and who executed th foregoing in~tru- I~ ment, and acknowledged before me that ._..he.... execute the same for the purpose~ thnre e~c ~ vvrTNESS m hand ~s..... ---...ds $Y'ch 74 ~ WM. S. ~H~STONE - ~ , .,,a ~ ~ ~ N - b c in and for the Count and State A!o d. w co~.. ~w 1~ ~ l~f y My commiasion expires: - TE OF.....••. - CQ OF..---•••--....__.._..-------__...---•- s~. Before r~onally appeared.._.__....•••-••-•---•-.....•-•-•--•--.._._...__._~---..._------._._..._..._..__.____._.....~_..._..._..._..Y.__.._...._ anb.._.._.---...•--•-• W ms well Imown and known to me to be the..-•--•--.._ ....._.......Pre,~ident and_._..r._.__..._..__....._ 3ecntaq respectively oi •--...._._....._...._---......._~._..~-._..._.._..,f_._....•--...._.-----•------_._.. the corporatlon named in the fongoing inatrumen~ and kn to me to be the pereons who +~s euch oit9cer~ of said corporation. eaecuted the same; and then and there the said.... ..................----._.........._._---...._...-•------and the eald ' • d1d acknowledge before me that sald insirument fe ihe free act and deed ot said corporation by the pectlvely executed as auch otttcers for ths purposea therein expreseed; that the sesl thereur?to attached fe corporate seal by them tn lilce capscity af- tixed; all under authorlty in thera duly vested by the Board of Directo ! aald corporation. 19..~~ ` WITNFSS my hand aad ottfcfal aeal thie.--•...-••.___._._.....day oi---..--..._ .....-r---..._.......___.._..._..__., f ; - . • ~ - ~a` f Notary Public in and for O4~ ' 01'~A t, the County and State Ato ~ ~~~?~y~i 6dDM xy co~~sion A[~~o y~K~f1E0 19 2 ~t ~N'1a ~ - z~QO~~ o p ~ eoo~ 226 ~ 1330 , - _