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
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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
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w ~ ' William B. Laurie ~
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Cecile Laurie
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J : $~pt ~~•9ers50ja~iq appean~..----•-~T.T.TAM $~.._L~U~._~4~.._~'i.~i.~'~~i_.~..U~~.---•-----
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= 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. ~
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~ ' day oL ..__.FEa~1~.L~ 19----`~,~ ~
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~ •~lF~~•:•;~~Y'~mq hand and offlcial aeal ttus---•-•~
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R _ . . ~
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~ Notary Public in and r -
F the County and Sta orc d f
i My commiesion expirea: 3 ~
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~ Betore ~+er~onslly appeared.------••~-•-•-•-•----•--•--._._.----._.._ i
~ and...--•••-•-- W ms weII known and r :
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~ known to me W be the_..--•-••••...._. ..__....__..__..Prasident wd....:._..__.._....---•----_._~..__...._._....____.._.--------........ 9ecretar~ ~
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~ 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.
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~ W1TNF'SS my hand aad ofticial aetl this-•-•----._~_~_....day of.....--•°---_......_. 19
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~ 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
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v RECORO Y~RIFI~'p •
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~ ~ ~1 r PH'15 f
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~ ~'733 goo~ ~ncE ~
N 236 303
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