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HomeMy WebLinkAbout0075 6, That (a) tn the event o! any breach ot thia mortgage or detault on the pa~t of U^ ~fortgn or Ib? tn Lha event any ot ~sld eum~ ot money here~n ~eferred to be not promptly and fully patd within ~daya next : aite~ the sa?me ~everaUy become due and payable, w~thout demand or not~ce, or ic) :n lhe e~•ent each and e~~ery ; the st~pulauons, agreements, conditions and co~•enanta ot a~?d prom,s~~~iy nute and th~s mu~ipage, any or either, = are not duly, promptly and fully perto~med, d~scharged, executed, effecte.l, compteted, complied vv~th nnd abided i by, then, in eithe~ or any such event, the sa~d agg?egate sum m~~ntione~i sa.d promissory r.ote then i•ema~ning : unpa~d, with intcrest accrued, anil all moneys secureJ h~•reby, sh:+il becume due and pa)•able tarih~~ith, or there- ~ atter, at the op[ion of said 1liortgagee, as fully a~id a~mpletcly as if all ot the sa~d ~un~s of m~ncy H•ere ong?nally ; st~pulated to be pai~ or? such day, anything in sa?d pron~~ssory note, and or in Lhi9 f~lOfL~a~t to the contrary not- withstanding; and theceupon or thereatter xt the opt~~~n of sa~d ~lortgagee, ~~•ithout not~ce or demand, suit at lsw or in equity. theretofore. or therea[ter begun. may be prosecutcd tts i[ all moneys secured hereby had matured prior to its instiWtion. T. That in the event that at the Deginning ot or at any time pending any suit upon thi~ mottgage, or to fonclose it~ or to reform it, and; or to en[orce payment oi any claims hereunder, said Afortgagee ahall apply to the court having jurisdictton thereof tor the appantment of a Recciver, such court shall forthwith appoint a Receiver ot said mortgaged property all and singular, including all and singular the rents, income, profits. issuas and .tevenues from whatever source derieed, earh and e~•ery ot which, it be~ng expressly understood, is hereby mortgaged aa it specifically set fo~th and descr~trd in the Rr:uiting and haDendum clausea hereof. and such Receiver shall have all the broad and ef[ecti~•e functi~ns an~i Fiu~•:ers in any.vise entruated by a court to s Receiver. and such appointment shall be made by such cuurt a~ an admitted equ[Ly and a matter ot ab- solute right to sald Mortgagee, and without reterence to the adeyuacy or inadequacy ot the value of the prop- erty mortgaged or to the solvency or insolvency of said riort~a~or andior of the detendant~, and that auch nnts, protits, income, issues and re~'enue9 shall be al~plied by such Recei~•er according to the lien and/or equity of said Mortgagee and the practice of such court. 8_ It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation above described any additional loans or future advances made within tv?~enty years from date hereaf by thz mortgagee to said mortgagors or any success~r in title ot said mortgagors ot the property hereb~• conveyed; provided that the total unpaid balance of the indebtedness secured hereby at any one time shall nnt exceed the maximum principal amount of Dollars ~S plus interest thereon and any disbursements made by the mortgagee for the ~,ay- . mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements. IN WITNES3 WHEREOF, the aeld Mortgagor has executed this mortgage under aeal on the day and year o t?erein first above ~vrltten. i~ red in the presence ot: . L.S. . . AMSS A. BREED J I~ . 2atB , . / . ..~~.~c~.~~~... c~~,~c~~._~.... d ds to James A. Breed'~.nd ~ Mary E. Breed ~ ~i' ~ L.S. MARY E BREED 3TATE OF•--_~ :~:~.G.~l..t, f M. COtTNTY OF:..f~F~~.~sc...__._.__.... 1 3R. . • JAMES E. BREED and MARY E. BRETsD, his w e . ~ • - Ba~ore me peraonally aPPeared--•......._ \`,~~x111l11;:4.'nr~f ~ ~,~~~~.,~.+,:~.~;y~ ~ ~ , `~4>f~~.~'. '•~r~ltf4p~vn and kno~vn to me to be~he dividualS. described in and v?ho executed the toregoing in~tru- j 1 ~f;•._b;~kt~'en~afi~~owledged before me that ____he_~ executed the same for the purposey therein expressed. /6 Ma - ~ ~ ~ C Q ' ~ ~ ~ t., : i. W ~ ~ ~IES3 my hand and offlcial ~eal this...--•_--------- ••day ot.....---..._.._...~__~ 19_~~ ' ; ~ : : ~ . - : : ` - - . _ ~ . . _ : _ " ~ ' 3 '1 ' : ~J ; 1 ' ; e~ : . n _ ~ • c. ; :iL,t~~~..~i(.~~- ~):~~'~%:;:•-•'~~~1 otary Publlc in and for g ,~~~tin~ he County and State Aforesaid. ~ ' My commisslon expirea: ~ BTATE OF-•-•"......°--.• , .r fi . . . ' , ~ ' . 1;~:' COUNTY OF--- ' ~ • ,~..a ~ ~ ' , Before me peraonally appeared.--•-••--•••--•--...._ ~ and to me weU known aad ~ known to me to be the....-••••••_-•-• _.Preaident and._--•-.___..__...__:_.._ Secretar~ ~ re~pectively o! the corporstion natned in the foregoing inetrumen~ and known to me to be the persons who as euch otIIcers oi aaid corporation. ~ executed Lhe sarne; and then and there the ~aid -•••---...-•----°•---..__.........-•---°.........•--.._---and the eald , ~ ..._._.__._.__d!d acknowledge befors me that eafd . ~ ....r._._..._..._._._...__.__.------~----.__. insirument fa the free act and deed of sald corporation by them respectlvely esecuted as auch ofttctrs !or the a; purpwe~ therein expressed; that the seal thereur:to aitached 1s the corpora~e s~a1 by them 1n ti1Ce capacity - ~ ti~ced; ali under authority fn them duly vested by the Board of Directora ot aaid corporstion. WITNE38 my hand and ofticial seal thie .............----.-.._..dsy o!._..._....._.._...._.............._._..__....._------. 19..,._ k~ ~ • ~ Notary Publlc tn and tor ~ . the County and 3tate Atoreaald. ~ EO My comaifselon eacplna: _ ~ RE~aR f V?• f 11.`u~ E C~~x R'S ~ ~ Sj . ~~~Ept ~ , ~p~R~ ~ aECCa~~Fa~srE ~ ~ 52~~ a ~ P,~ ~ ~ 3~ f ~ ~ _ , ; _ _ . _ - ~ ~ - , _ ~ ,