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HomeMy WebLinkAbout0303 d. That Isl In the event ot any breach ot thia mo~tgage or delault on the part ot tAe Atortgngor, or ib~ the event any ot sald aum~ ot money herem ~elerred to be not promptly and tully pwd w~thin ten days next ~Iter the same severally become due and payable, vinthout demand or notice, or ~ci ~n the e~•ent each nnci e~~ery the at~putauons. agreements, cond~Uona and rovenanta ot slid pcon~~s~~~ty n~?te and th~+ m~~rt~a~e, any or etth~r, ~ are not dulr, promptty and lully pe~tormed, dischar~ed, executed, etfecte.l, completed, complied N~th and abided ; by, then, ~n eithu or any such event.'the aa~d agg~egate sum m~•nUoneJ ?n said promissory note then rcmain:ng ~ unraid, w~th mt~rest acc~ued, aod all moneys secured h~•reby~ ah~ll become due a~d payable forth~~•ith, or there- a[ter, at the option ot said rtortgaRee, aa fully and completely as 1t all ot the sa~d su~i~s of mon~y w•ere ori~inally st~pulated to be paid on such day, anything in +a~d pronussory note, ami or in thi~ niortFage to the cont~ary not- withstand~ng; and thereupon or thereatter at the option ot sa~d rlorty;agee. ~~~ithout not~ce or dcmand, suit st Isv? or ~n equity. theretofote. or the~ea[ter begun. may be prosecuted as ~t all money~ secured hereby had matured pnor to its ~nstitution . r T. That in the event that at the beginntng ot or at any tlme pending any suit upon this mortgage, or to + foreclose it. or to refocm it, and!or to entorce payment oi any cla~ma hereunder, said 1?tortgagee ahall spply ' to the cou~t having jurisdictton thereof for the appointment ot a Rece~ver, such court shall forthwith appomt ~ Receiver ot aaid mortgaged property all and aingutar. including all and a~ngular' the rents, income, protits. ~ iaaue~ end revenue~ from whatever aource derived, each and eve~y ot ~vh~ch, it be~ng 9xpressly under~tood, is { hereby mertgag~i as it specificsUy set torth and descr~bed in the ~r.intmg and habendum clauses hereot, and such Receiver shaU Aave ali the ~road and e(fect~ve [uncti~ns and ~~~~~~~~r~ in xn>~•~se entru~ted by a court to a Receiver, and auch ap~+ointment ahall be made by auch court a~ an admitted equity and a matter of ab- soiute right to said I?tortgagee, and without reterence to the adequacy or inadequacy ot the value of the prop- erty mortgagcd or to the solve~cy or insolvency ot aaid 1?tortga~or andior of the detendanta, and that auch rents, prohta, income, is~uea and re~•enuea shall be a~~plied by such Receiver according to the lien and/or equity ot aaid Mortqagee and the practice of such ceurt. t . is given to secure, in addition lo the n~~te or ~bliRat~nn abovc dcscr " iona~-loans or future advances made within twenty }~ears trom datP hereof b~• th;• mon~a~ce to said mortgago or in title of said mortgagors of the property hereb~~ rnnve~•ed: prov~decl thal the total unpaid balance oi t e ~ ured hereby at any one time ~hall not exceeci the max~mum principal amount of Dollars E tS l, plus interest therer~n and any disbursements made by t e the Na.•- ~ mrnt of taxes, levers or insurance on the property encumber . ~ IN WITNESS WHEREOF, the safd Mortgagoe Asa executed thfa mortgage under eesl on the day and year ~ herem tirst aDove w?rittea~ ~ 3igne , aealed and dellvered in the nce of: , ~ ...~I~.~»Y~C~G_.. ~ `f'/~ , . ?I ~ w ~ ' William B. Laurie ~ . - ~ ; ~ ~ ` ~.Q. { Cecile Laurie ; ~ sTw~ FL4R~A....___.__.. ~ ,,,.~~41Fsrr~,,,, r,, ~ ~ c J : $~pt ~~•9ers50ja~iq appean~..----•-~T.T.TAM $~.._L~U~._~4~.._~'i.~i.~'~~i_.~..U~~.---•----- . J: Q\ ; - . ~ % . . : f: ~ ~ ~ ~ = to m itiell k ~cno~vn to me to Ae the individualS_ deacribed in and who executed the foregoing 1n~tev- ~dn~ ' o` .before me that ~..hey_ executed the same for the purpoaen there~a expressed. ~ ! ~ ~ _ : ,t . s~ . ~ ~ ' day oL ..__.FEa~1~.L~ 19----`~,~ ~ , ; ~ •~lF~~•:•;~~Y'~mq hand and offlcial aeal ttus---•-•~ ; . ~r~~ ~ ; ~ i ` R _ . . ~ . . : ~ Notary Public in and r - F the County and Sta orc d f i My commiesion expirea: 3 ~ ~ 3l ~ 7~ # ~ co oF ~ : ~ Betore ~+er~onslly appeared.------••~-•-•-•-•----•--•--._._.----._.._ i ~ and...--•••-•-- W ms weII known and r : F ~ known to me W be the_..--•-••••...._. ..__....__..__..Prasident wd....:._..__.._....---•----_._~..__...._._....____.._.--------........ 9ecretar~ ~ € ~ re~pectively of - the corporatton ~ named in the foregoing instrument, and known e to be the persoru who a~ such ot1lcers of safd corporatlon. ~ y ~ execoted the ~ame: and then ar~d there the uld ....__..----~..__........----._.....__............__.....---....._.._...and Lhe sald : ~...._d1d acknowledgs betore me that sald tn~trum~nt 1s the free act and deed of asld corporntton by them respeC eaecnted as such ottlcera tor ths purpn.~ea therein expreased: that the seal thereunto aEtached is the corpo ieal bq them tn.Wce capacity af- f~xed: all under authority In them duly vested by the Board of Directors of aaid ration. ~ ~ W1TNF'SS my hand aad ofticial aetl this-•-•----._~_~_....day of.....--•°---_......_. 19 ~ ~ f #D 4MD ~!E ~ f~l~lCif CQ~~ Notary PubUc tn and for ~ ? C! RO~PrER P4~7R,tf the County and 3tste Atoresaid. f ER Ci$CUJT ~ • ; v RECORO Y~RIFI~'p • ~ ~ ~ ~1 r PH'15 f ~ ~ ~ ~'733 goo~ ~ncE ~ N 236 303 _ r ~ ; s ~ _ ~ - - ~ - ~ . . _ , . . ~