HomeMy WebLinkAbout2571 8. Thst (al In the event ot any breacl~ ot thi~ mortgage or default on th~ pnrt ot tRe rfortgn or, or Ib~ In
the event any ot said aums ot money here~n ~e[erred !o be not p~omptty and lully psid within ~ daya next
~tter the same aeve~aliy become due and payable, v~nthout demand or not,ce, or ~c1 an the event each and e~•ery
the atipulat?ons, agreements, cond?t~ona and covenanta ot sa~d prom,ss~~~y m,te and th~s inort~age, any or either,
are not duly, promptly and fully pertormed, discha~ged, execu[ed, effecteJ, completed, comptied rv~lh and abided
by. then, ~n c~the~ or arty such event, the sa~~ aggregate sum m~•ntinned ~n sa~d prom~ssory note then rcma?n~ng
unpaid, «•~th intc~e~t acc~ued, and all ~noney~ secnre~i h.•reby, shull becume due and payable forth~vith, or there-
a[ter, at the option of said Aiortgagee, a~ [uUy aad completcly a~ all o[ the sa?d sun~s o[ money were originally
st~pulated to be pa~:i on such day, anything 1n ~a?d pronussorv note, amt or in thi9 rnortguge to the contrary not-
withstandinR; and thereupon or thereafter at the opti~~n o[ sa~d ~Tort~;agee, ~~•ithout notice or demand, auit at
Isw or 1n equlty, theretoforo~ or thereatter begun, may be prosecuted us ~f all moneys secumd hereby had matured
prior to its ~nstiwtion.
T. That in the event that nt the beginning of or at any time pending any suit upon thi~ mor+.gage, or to
foncloae it. or to reform it, and/or to entorce payment of any claime hereunder, said Diortgagee shall apply
to the court having jurisdiction thereot tor the appointment ot a Rece~ver, such court shall forthwith appoint
a Recei~er ot said mortgaged property all and ~ingular, including all and singular the rents, lncome, profits,
fasue~ and revenues [rom whatever aource deri~~ed, ea.•h and e~•ery af ~vhtch, it being expressly understood, ie
hereby mortgaged a~ if specifically set torth and descnEed in the ~;r:inting anJ habendum clausea hereof, and
such Receiver shall have sll the broad and ettectwe tunct,~ns and F~u~cors in xny~a~~se entru9ted by a court
to a Receiver, and ~uch eppointment shall be made by auch court as an admitted equlty and a matter ot ab-
aolute right to safd Niortga~ee, and without reference to the adeyuacy o~ inadequacy of the value of the prop-
erty mortgaged or to the aolvency or insolvency o[ aaid 1?iort~aRor andior of the defendante, and that auch
rent~, protita, income, ~s~uea and re~•enues ahall be a~~plied by such Receiver according to the Ilen and/o~ equity
o! aaid Mortgagee and the practice of such court.
b. It is understood and agreed that Lhis mortgage is given to secure, in addition to the note or obl~Ration
above described any additional loans or tuture advances made within twenty years from date hereof bv the
mc~rt~a~ee to ~aid mortgagors or any successur in title of said mortgagors ot the property hereby conveyed:
provided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed
thc• max~mum principal amount of Dollars
plus interest thereon and any disbursements made bv the mortgagee for the pay-
mrnt of taxes, levies or ~nsurance on the property encumbered he~eby, with interest on such disbursement~.
IN WITNESS WHEREOF, the aaid Mortgagor has executM this mortgage under eeal on the day and year
herein first above ~?titten.
3igned, sealed and deliveted in the presence of:
i. ~ ~ ~ .
~ .
, ~ L ~til~iy ~L J ~C.-L~ ~ L ~
_ ..Gr~~i.G . L . S .
~ . FRANK W. GILBSRT
.
As to Fra . Gi bert and
Anna J. Gilbert C~ _,~.~;:t~ . L. S. ' ;
A A J. GIL T~
~
STATE OF....._.....~.UBiIUA i l
MARTIN
coviv~r oF._..__._ ~ :
Betore me persoaauy appeared...... FRANK .
h!.~. ~rILB~~ _~~d_.AI!INA---xI.... Cr.~~ERT.}._......_.....--
,
--------------------•---..._..__..._....._...--•--............--__•-his•--wife....--------------....---...._............__............. :
to me v~elt kno~vn and kno~vn to me to he ihe individual.S described in and who executed the foregoing inatru-
ment, and acknowledged before me that ~.he.~ executed the same for the purposea therein e~cpr~ssed.
VVITNESS my hand end ofticial aeal thia.....~E?
.............•day or.__.__..... March.--•--------._...---.._..... 19..~~ '
Fll~ i~ - ,NT` FiA. . f~~" . . ,
S T . . ~ , , ~ . ~ ' c " t~..rL ~.l~ ;~.~.ai=.',',
~ - . - ' ~ Jl'RT'~ otery Public fn end tor v` ` •
; . - . ihe County and State Afore~ald. ~ ` • v ' .
.
-
,
~ My commieaion ex~irea: - ~ C~
. . : "
' STATE OF...... ~ ~ ' 4 N ~ 1 ~ r• . . : oT ~:'k~~{I et~Rf` ~.l -
: • •
~ g9.APR L~ ~ ( 3 1~ . CJ"~• i:'S~^,'t :::;`;n:S ~S~Pf~ 1['~~1 , ,
: COUN1'Y OF.---.....-•--•-°••_-••_•-°-•---°•--•••- r .:w:sA lnra Gea ir~ ~ . , ,
, ~ • ~-i -
~ -7 . . ~ .
/ t.
' ~ / L , ~
_ > ,
a
: Before me personally appeared.._. ~~j~C~~• ~ S" "r ~ ~
, .-----•..._......_....._......N. . ~
•r: :::-...t ~ _
: „ • ,,r -
; - ~t -
: ane w ms well la»~d4aa~iF~
,;~.~,~.;,~~~:c~
~ known to me to be the.....---•---••- .......................Prealdent aa~-----__...--_-•_•------•°--•..:..__._..__......._..............---..._... Secretar~
z
= respectively ot the corporaqon
named in the foregoing ~netrument, and known io me to be the peraons who as euch ottlcers of aaid corporatlon~
t
~
; eaecuted the same; and then and there the sa1d.---...•--.......--•-••------•..._ ..........................................................__..aad the salA ~
: ...r.._.._.._._...._...._.._......~_...........dld acknowledge betore me thst sald ~
fnstrument I~ U?e free act and deed of said corporndon by them reapectlvely executed as auch oMcere for ths ~
purpose~ therein expreseM; that the eesl thereunto attached !s the corporete seal by them !n Wce capacity af- ~
fued: ell under authorlty fn them duly vested by the Board of Directors ot aald corporaUon.
~
; . ~
• WITNES3 my hand aad oftlclal ~eal this--•..__.....------_•--..day ot..........._.._........--• 19.__._ :
; .
F ~ K. C'~
: • •
~ . Notary PubUc In and for
. - the County and 3tate Afora~ald_
_ ~ gpp 384 Par,E2136 My commisslon e~cptrea:
~ ~ C~
~ " . ~
i. c : _ '
t ~ ~
~ c = an
~ $OQK .~11Ef
~ t~ w m U ~ ~.rVC1 ~,iJIJV
~
~
« ~ T 5 ~ ~y
a.
~ . ,