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HomeMy WebLinkAbout0392 ? a, TLat (a) la the event of any breacA ot this mosigaae or detauit oo the part o! the biortgagor. or lb? ln the event any oi said ~ums of money herein referred to be not pcomptly and fuUy paid wlthin ten daya next aftes the aame eeve~ally become due and payabls. without demand or not~ce. or tc) in tha event esch and every the stipulatlo~s. aSreemeats. condltions and covenants ot said prom?ssory note and this mortgage. any or elther. are not duly, promptly and tully pertormed. duch~rged, executed. ettected, completed. compUed with and aDided by. then. ia either or ~ny such even~ the aaid aBgseBate sum mentioned in said prnmissory note theu remaiNng unpsid, with intereat accrued, and all moneys ac~t~red h~reby. ahall become dua and payable forthwith, os there- ~fter. at the option ot aaid Mortgagee. ua [WIy and completely aa it all ot the said sun?s of money wen originally stipulated to be paid oa auch day, anything 1n aaid promissory note. andror tn thta mortgage to the contruy not- withstanding• and thereupon or thereafter st the option ot said 1~lortgagee, ~vithout notice or demand. suit at law or in eqiUty. theretotore, or tbereatter begun. may be pcosecuted as it aU moneys aecured hereby had matured prior W its ii?stitutloa T. That !n the event tt~at e?t the beBW~tnB at or at aa,y time Pend~n8 aAY auit upon thla mottgage. or to foreclose i~, or to refornn l~ and/or to entores payn'?ei?t o! any claims hereunder. said Mortgagae ~ball aPPIY to the court having iurisdicUoa thareof tor the appointment of a Receiver, such court ahall forthwith eppoint a Recetver oi said mortgaged propertY all and singular, including all and singular the rents. it?com0. P~~~. ia~ues and revenues irom whatever source derived, each and every ot which. it being exP~~Y V hereby mortgaged as it speciticslly set forth and descriEed in the gr.uiting and habendum clauaea hereoi. and auch Raceiver shsll have all the brosd and eKective functions and po~vers ln anywise entrwted by s court to a Receiver, and auch sppointment shall be made by such court ae an admitted equtty and a matter oi ab- •olute rlght to eald Mortgagee. and without reterence to the ade9uacy or inade9uacY of the value oi the prop- erty mortgaged or to the solvency or insolvency of sald Mortgagor snd/or of the detendanta, and t1?st such reAts„ protits„ income. fseues and re~ enues shaU be applied by auch Receiver socording to ttis 11et? and/or eqWty ot said f[crtgagee ~?d the prsctice of auch court above esc ditiona loans or future advances ma e within twenty years from date hereof by the mortgagee to ~aid mortga successor in title oi said mortgagors of the property hereby conveyed; provided that the total unpaid balance o ' edness secured hereby at any one time shall not exseed the maximum principal amount oi . _ _ . . Dollars . . . . - (i Plus interest thereon and any disbursements mortgagee for the I,ay- ment of taxes, levies or insurance on the property encumbered hereby, with interest on ursements. ~~gg WHERPSOF~ ths said ylortgagor has executed tWs mortgage under seal on t,he day and year herein fir*_ !above wrlttea. gigned. eealed and delivered in the presence ot: B~x2~ ~ , Ja Oradat ~ - . ' . R.osie Cradat - ~ sr„~,,~;..~, A........._....... ~ . .~d~'-- . - ~ • ~ ' JACK ORADAT t : ~,qZ:. ; : s - ~ . ' ~ t ~~-tl?'~7~"..e"''"'_ ` ~ j ~ • W~~~~~~~~~wn to me to be the individusl.... de~cribed 1n and who ~t~ ~e tT~~ ing insW- ! d~~ before me that .-.he-... executed the same for the purposes p ~ ~ w.. ~ • 19 74 F~'my na~?a ~?a otncw ~ cn~.._ .....a.y or..._._~.dR.~il.-.. . . ~ ~!~!X!~.a! . Notary P~blic in or the Countq and 3tste Afo d. My commiesion expirea: ~ 3//7~1 f t ss. t Cp OF........_---.._..__._........-----_.._ , [ ~ Before rsonally sppeared.._..__--------_._......._...~.._..._ . i . ~ LO ZDO i1lll 1mOW11 aOd iAd. known to me to be the_._..._.._._ .._._.......Preafdent aad......._ $ac.set~s7 tLe corporstion respecUvely oi named in the foregoin8 insWman~, and known me to ba ths person~ who a~ su~ oiticers of said corporatlon. , aad ths said executed the same: aad then and thers the ~ai aclcnow ed8 1 e bstors me tbat sald ....---..__.....___----.._....._.........f.. in~trument ts tt?e tree act and deed oi satd corporation by them na vely e~cecuted as auch oMcera for the pnrpo~ea therein expressed: that the vested b tbe Board~ot Directors of ~ co~rpobn o~ ia liks capacitY af• fised: a11 nnder authority W them dn1Y Y - 19..._._ WITNF.38 my haud and oftictal ~eal t2ds-....._._ _.....day o2_ ~ NotarS+ Public in and for ' ths Camt7 and Stats Atoresaid ~ C ~[y c°ma~isdon ezPire~. j ~.l.~y~ gpl~~~ E ~t,i~~ ~~o,~~c~o ~ ~ r~s BOOK PAGE ~~~.3 _ - ~ .~.w ~ J ~ ;