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HomeMy WebLinkAbout0069 d. That tsl In the event of sny breach of thi~ mortgsge or detault on the part ot the 2?tortga~o: or Ib? ln the event any o[ said sum~ of money hecei~ reler~ed to be not promptly and tully peud within 0 daya next ~iter the same aeveraliy become due and payable, uvithout demand or not~ce, or ~cl in the e~•ent each and e~•ery the sUpulat~ons.• agreeme~ts. condit~ons and covenanta of sa~d p~oms~~~i y note and th~s murteage, any or either, are not duly, promptly and fully performed, d~s~har~ed, executeif, effected, com~ileted, complied yvlth and abided by, then. ut e~ther or sny such event, the saiJ aggregate sum ni~~nt~oned in sa:d promi~sory note then rcmairung unpaid, with int~rest acerueJ, and sU r.~oneys se<<~red h~~reDy, sh:?U becump due and payable torth~vith, or there- atter, at the option ot said ~fortgagee, as fully and cumpietcly as ~f all o[ the said ~un~s of money w•ere or~g~n+~Uy st~pulated to be pai~ on such day, anything ~n said prawssory noLe, cue~i or in this mortgage to the contrary not- withstanding; and thereupon or tnerea[ter at the optn~n ot sa~d ~Iort~;agee, ~~•ithout notice or demand, auit st lsw or ~n equity, theretofore, or thereaiter begun, may be prosecuted as ~t sll money9 secured hereby had matured prior to its iastitution. 7. That in the event thai at the Deginn~ng ot or at any time pending any suit upon thfa mortgage. or to foreclose i~ or to retorm it, and/or to enforce payment o[ any cla,ms hereunder, said Afortgagee shaA spply to the court having jurisdiction thereof for the appomtment ot a Receiver, such court shall forthwith appoint • a Recetver ot said mortgaged property all and singular, inclu~ing all and singular the rents, income, profits. is~uea and revenuee from whatever source dericed, ea.•h and e~•ei y of ~+•hich, it being expressly understood, is hereby mortgaged a~ if ~pecifically set forth and desc~ited in the ~r:,nt~ng and habendum clausea hereof. and such Receiver ahall hsve all the broad and e[tecth•e Luncti~ns an~i F~~~~~•ers in xtey~•ise entru9ted by a court to a Receiver. and such appointment shall be msde by such cuurt as an adrnitted equity and s matter ot ab- . solute right to said biortgagee, and without reference to the adequacy or in~dequacy of the value of the prop- y erty R?ortgaged or to the solvency or insolvency ot said biortRa~or and ior of the defendant~, and that such ; rents, profita. income, issues and re.•enues shaU be a~~plied by such Recefre~ according to the Ilen and/or equity ; of said Mortgagee and the practice of such ceurt. • 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation above describect any additiona! loans or future advances made within tw•enty years trom date hereot by the mortgagee to said mortgagors or any successor in title ot said mortgagors of the property hereby conveyed; provided that the total unpaid balance ot the indebtedness secured hereby at any one time shall not exceed the maximum principal amount of Dollars ~s plus interest thereon and any disbursements made by the morigagee for the },ay- mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements. IN WITNES3 WHERFAF, the said Mortgagor has executed thi~ mortgage under seal on the day and year herein firat ~bove wrlttea. Signed, aealed and deHvered in the preaence ot: ~ ; ' ~ - ~ • f .i ' , , / ~ . . ._~G_~~G.C~tf~._.. 4~i , 2~~ L . S . ~ DONALD E. BTsLSTRA ; ~ • . • , s ~ na~d. stra ~ , ; . ; / ~ 3TATE OF------•..~'Q~~~~,..._..__..._.. coLnv~r~r oF---.~:?1~,~.'~<~-.-------- seton me personauy appeared•-------DONALD E. BTLSTRA.:...a--.single..man._......._..._.._.._._.__....._ 3 ~ i to me weli kno~vn and kno~vn to me to Ae the individual__._ described in and who executed the foregoing in~tru- ~ ment, and a~lcnowledged before me that .._.he.... executed the same for the purposey therein expressed. i • ~ , _ 19.~~ ~ ~ WITNESS my hand and ofilcial aeal ttus_.._~~~!~....day oi.._.. ~ _ . t ~~u~~ii4i i F - ~ _ . t = , ~ ~~~i~~ . ~ ' ~ ~ ~L'L'~= • r . ~i N ~ Public in and for c,, ~ ` :rb. ~ - ~ ~ e County and Stste Afo~~d . ~ r_ : ..s ; ' My commiasion ex~irea: Q o-; - ~ ~ ~ - - 3TATE OF....---•-•--•-•.......---•°--•....._..--••-•--•) `!"!iA~*f `U z - i ~s_ : J;, ; ~ = . i~ . ` . ~ cotrrrrY oF-------------------_---------._.._._.... _ ; ~ 4`~ : - ~y., ~ . .•s•~.......... . Before me peraonallY aPPeared-----••••---••••-••-•--•-•---•-•._...__...._.._--•-------_...----_._--_.__.___I ~:f.~,`.a. tf ~ : . _ and..-••...•---•--•---••-•• to me welf'1ifio~if'aad 1 known to me to be the ._..__....._._Prealdent and...._...__...._.__.__.__--------...._....._____.._......_._..~__.__._ Secntar~ respectively of the corporstton _ f ~ . named in the foregoing insiruN?eat, end known to me to be the persona who as auch ofscen of sald corporation. executed the sarr?e; and then and there the safd.__..._••--•-------•------•••-•-------._.~.--•••_•---•-•-•---•-••---•••----..~............_-••and the satd .____._...._..dld ~ckaowledge betors me that safd ~ In~trument !a the iree sct and deed of said corporation by them reapecUvely executed as auch of!lcera for ths ~ purposea therein expreaved; that the seal thereunto attached is the corporate seal by them in Wse capaMty af- tixed; all under suthority 1n them duly vested by the Board of Directors ot aaid corporation. ° WITI~'ESS my hand aad ofdcial seal thia.•-•--..__.__._._._._dsy oi.._.__..._.._.•-•--........_...--•--.r._....._._._~ 19.---- ~ ~ : , Notary Pablic ln and for ~ the County and State Aforesstd- ~ • ^ ` )dy commi8~ion e~cptres: ~ ~EO ~pl ~ ~r fU?- ~ ~ LU~~ L~ ~AI~s ~ - Sj- ~,LR ~011~ R ~ `.<<~,~~it EF p , ~E~ - ~~1~ ~ ~ ~ ~ ~ 5~ - .;r ~ ~8:~~'70 ~w - - - _ ; - Y 5 ~ ~K . ~ - . ~ ~ -