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Home My WebLink About0067 discharged. said I~i~rtgagee may et eny time pay the aame o~ any pa~t lherc~?t w~itheut wai~~inp, or aitectins • any option, lien, equity or ~~ght undcr or by ~•~rtue o[ th~s mortgaRe, and the (ull amount ot each and every such payment shall be immediately due and paynble and shatl txar i~terest trom the dats tAeceoL until paid at the rate ot ten per centutn pe~ annum and together with such interest ahall be aecured Dy the lien ot thia mortgage. " 1. To place and continuoualy keep on tAe build~~ei~ ee AeMUf ~ Ituate on eaid land rire and windstorm i~uuran~r in ih~• ~uiutl stanclant poUcy forni, in a sunt ~ut Icic than~~ full in.u~able v:ilur, in siich cv>m- pany or comp^ni~s a~ may be approved by aaid MortRa~ce: and t?11 auch insurnnce policies on any ot anid build- ings, any interest lherein or part thereoi, in the aRgregate aum atoresaid or in exce9s thereot, shsll contain the usual standard mort~agee clause making lhe loc~ ur.d~~ a~?id polic[ea, each and every, payable to said 1?iortga- gee aa hia interest may appear, and ench anJ every sui•h policy ahall be p~^omptly delivared to snd neld by said k(ortgagee; aod, not lesa than ten davs in ad~•an~e ot the expiration of et?ch policy, to deliver to anid Mortgagse a renewal thereof, to~ethe~ with s receipt for the p~emium ef au~h ernewr?1• and the[e ehall be no auch insur- euice 'placed o~ any ot said DuildinR~, any interest therein or part thereot, unle.a~ in the torm and with the los~ payable aa aforesaid; and in the ecent xny aum ot money becomea paysble under such pollcy or policiea ssid ~ MortRaRee shall have the opUon to receive and npply the same on accowt o[ the indebtedness aecured hereby or ' to permit said MortgaRor to receive and uee it or any part thereot for other purpoaes without thereDy waiving or impairing any equity, llen or right under or by virtue of thi~ mortgsge; end in the event asid Mortga~or ahall tor any reason [ail to keep the said premi,es ao in~ured, or fail tu iidlver pwmpUy any of said policfes of ~ insurance to sa.id atortgagee, or tail prompUy to pay [ully any premium therefor. or in any reapect fail lo per- ' torm, diuharge. execute, et[ect, complete, rnmply witA and Rbide by this covensn~ or any part Aereof, aaid Mortg- agee may place and pay for auch inaurance or any psrt thereo[ witAout walving or attecting any option, licn, equity or right under oes, by virtue of thia mortgage, and the NU amount ot each and every such payment ahaII be immediately due and payable nnd ahaU bear interest trom the date thereot untll paid at the rate of ten per centum per annum uid together with aucf~ interest shall be secured Dy tAe Uen ot thi~ mostgage. - 4. To permit, commit or suiter no waste. impairment or detesloraUon ot sald pmpsrty or any part thereot. 6. To psy all and efngular the coeta. chugea and expenxs. including naaonable lawyer'~ fees snd cost o! abatracts o! Utle, incurred or paid at any time by aald Mortgagee becsuse and/or ln the event ot the fallurs on the part ot the said Mortgagor to duly, pmmptly and Nlly pertorm. dlscharge, execute. etfec~ complets„ comply with and abide by each and every the stlpuladons. ~gmmmts, condittons and covenant~ of aaid promis- sory nate. and thia mortgage, nny or either, and sald. cwts„ chsrges and expenscs, each and every. ahall be tm- mediately due and payable, whether or not thero be notice. demand, attempt to collect or duft pending• and ths full amount of each and every such payment ehell bear intereat [rom ths ~dste Wereof uatll pald at the rate ot ten per centum per annum; and W eald coets. charge~ and espeaaer w lncurred or pald. to~ethee with such in- terest, ehall be secmred by the Hen oi thia mortgsge. 6. That (a) in the event of any breaoh of thi~ mortgage or default on the part of the Aiortgagpr, or lD) tn the event any o[ said surt?a of money herein referred to be not promptly and tully paid.wlthin 15 daya next sfter the-same aeverally become due and payable, without demand or not~ce, or ~c) in the event each and every the st~pulauons, agreements, conditions and covenants of sa~d prom~ssoi~te d this mortgage, any or either, are not duly, promptly and fully performed, discharged, executed, effecte co~C~d, complied Kith and abided by, then. ?n eather or any such event, the said aggregate sum mcntioned ?n said promissory note then rema~ning unpa~d, w~th intrrest a.:crued, and all moneys sec~ii~ed h~reby. shall become due and payabl~ forth~vith, or there- after. at the option of said ~tortgagee, as fully a~id completely as if all of the sa~d sums of money w•ere originally atipulated lo be paid on such day, anything in said promissory note, and-or in this mortgage to the contrAty not- ~-iths.anding; and thereu~io~" or~ thenafter at the optiun of said riortgagee, ~~•ithout notice or demand, suit at law or in equity, theretofore, or thereafter begun, may be prosecuted as if all moneys secured heceby had matured prior to its institution. - _ 7. That in the event that at the begi~ing of or at any time pending any suit upon thl~ mor.Lgage. or to ` foreclose it, or W reform i~ and/or to enforce payment ot any claims hereunder, 9aid ~Lortgagee shall apply ~ to the court ha~ j~lisdiciion thereof for the appointment of a Receiver, such court shall torthwith appoint a Receiver of s A m~tga~d property all and singular, including ali and s~ngular the rents, income, profita, 3 iasues and revenues irvm h~t~rk ~so rce derived, ea~•h and e~ ery o[ hich, it being ~ expressly under~tood, is hereby rrsortgaged as if specifical~tr~brth and descrited in the Rrantcng and habendLm clauses hereof. and auch Receiver shall. have all t~e broad ~and etfecti~•e functinns and iwu-ers in an}~~~~se entrusted by a court to a Receiver. and such appoinftnept~hali be made by such court a~ an admitted equity and a matter of ab- _ ~ solute right to •~aic~ Mortgegee, a~l; wi out reference to the- adeyuary or inadequacy of the value of the prop- ; ' erty mortgaged~or to the solvcncy'or insolvency of said riortgagor and%or of the detendanis, and that such I nnts. profits, income: issuea and se~-enues shall be applied by such Recei~er according to the lien and/or equity E oi said Mortgagee and the practioe qf such courl. ~ It is understood and agree'a ihat this mortgage is given to secure, in addition to the note or obligation ~ above described any additional loans or future advances made within twenty years from date hereof by th2 ~ ~ mortgagee to Faid mortgagors or any successwr in title of said mortgagors of the property hereby cony.eye~;;~ . _ providec] that the total unpaid balance of the indebtedness secured hereby at any one t~me shall not-Q~e"~its. - ~ the maximum rincipal amount ot Twenty-eight thousand, seven hundred ~ fourteet'i.~itta~,~, - (S 28 714.3~ 1. plus interest there.~n and any disbursements made by the mortga ~ - ment o~ taxes, levies or insurance on the property encumbered hereby, with interest on ~ ,tdi&b~~ s.~ ~~`_:Y_~+ t . * ','~r.~~ , ~ IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under ~esfQ~ ~y3" d~ A~ _ ~j herein first above wrltten. ' _",r' " a~ ' ~ ~ •-~i . s+l• 3ign ealed and delive n the presence o[: _ HIDD PI 1 C ' ~ ~j ~ '_j '-~Fa_~1. - :,a :7'~~'..=r, t . C--•--- Y ~,;)s''~ ~t- ;T~~'y,~• ,a 3 . , _ ~ ` ~ i ard rem 'f ~ • ~ --_w..._._... _ y-~"~ - ATTEST: ' . ~ - , ichaei J . Ryan ~ Secretar ~ ~ ' ~ ~ - { STATE OF- ) , ; p } r. COUNTY OF._....._...-••----•--••--•-•--~--•-•--••--• 1 ~3 ~ Betore me per~ona]]Y aPP~ared----•-- ~ _ ~ to me weli known and know-n to me to be the individuai..._ described in and who executed the foregoing instru- ment, and acknowledged before me Lhat ....he__.. executed the same tor the purposea therein expressed. : ~ ~ , , ~ WITNESS my hand and officlal seal thla..•--• ......................dsy ot......._.----...__._._............----°-.........._...., 1~......_ ` ~ ~ ~4 ~ ~.~........r~..~~..~.....~.~..~.~.».~~.~«~.~...~ Notary PubHc In and for s ~ the County and State Afonsald. ~ My commission expirea: ; . ~ ~ 3 ~ goac~ ~ ~ _ ~ ~ 3- ' , - ~ . ` - , ~ ~ . ~ ~ ~ ~ ..a Y.~.S£~~~. .~:s~^'~' .h..- . .e.. _ _