HomeMy WebLinkAbout0770 J. !'o /xiy ttld ctiid siit~tclar t/re costs~ ekur~es aie~! e.i•/~e~~ses, ine(«din~s l~t~e~ei's S
, ff~~s, rec~tioieuLl~ incuiv.~d or ~Kticl ut any ti.nt.e hJsuicl .-~lurl~s~ig~~~ /iccaires~* oj't/u• %ailrcre
~ oie t/te Extrt uf tle~ .sat:~l Jtlurl~a~ur lu pr+rfur~n, r.umply tvit/t ui~~l ~cbir/e bJ ~~~~eh~ arrd
~ euerJ the stipulaliuirs, caeditu~it.s ai:cl c.ov~~~l~trr.~~ uf suicl pru~~~is~ur~ ieate~t?a~! thiti c~eed,
or eill~~r, uitcl rverJ stee% ~xtJnteitt s/rcill L~ur int~:re.tit f~•u»t clale ~tt tJte rute uj' f if teen
(1S%) per r.snt. per aiiitunt.
To k~eep the brcil~~in•g ~coiv vr h~reufter un .~aid u~nd in.stcred i~~ u~~~.rn irut l~ss
than $30,000.00 ctoll.~rr~, i~ c~ c.orrt~xtiEt~ or ~ro~~a~~uiiics to Le
approued Ly s~ti~l .:Nurt~'a.gce, and tlre potic~ or policiea /tclcl. LJ rr~et~i /~ciJable lo said
J~tortgasce, ccnd r:n tJic~ eveiit ~en~/ ~«na uf i~auneJ becu~iie. ~~~aLle ~ci~clei• ~~cch pu[icJ ur
~vlieies, tl~e ~}lort~u.~ee sleaell haze fli~~ upli-un to rc~eeive uitcl u~~~ilJ t/« .un~~~ uii ~~c~cou-irt
of t/te inc~ebtecl~eess herebr~ .•c+e~~.re~l or t~ pernzi~t /.1tP ,AI~~r~~n~ar tu i•eec+i~~e curd «se it, or
acnJ pccrt t/cereof; fi~r oth.cr p~c~puses, rvitlav~at tlee?•eh~ cvai~riic~ or• ii~rpui•rins ~t~ry e~uitJ
lien or right ttnt~er or LJ rrirtue of' thi.~ mortga~se, curt! »taJ ~~luc•e ~rnd ~inJ tor sueli.
irtsurvtrtce or anJ part t/rereo/', withurcl ivctivin~s vr n~J'ectiit~ t/re ii~~lion t~~ joi•e~~luse or
anJ ri~Itt laereunrler, ait~ euclt. a~atl everJ .tiuc/t pu~nteiat shi~l/, fiPar i.i~teresf fi•~~i~i ~iile
at the rate of fifteen (159'o)p~r c~itt. per ann:cm.
5. To ~errrcit, com»tit or suffer no uaste, i.mpairntent or ~etrrioration of said ,
property or any part thereof. •
6. To perform, comply with and abide bJ each and eve~rJ tlie sitprclations, agree-
ments, cor~ditions and coueirants i~a said promi.ssory nole ancl i~i thi.Y deed set- furth.
7. If ctny of sctitl stcros of money herein referre~ to lie not pr•onzptlJ an~l fiellJ pa-id
withinfifteen (15) ~~rys ~aext after tlie sanae severallJ Leco~rre dree and payaLle,
or if eaeh and everJ t/ae stipulations, ag'reenaents, eonc~ilions crnd r,ovenants of said ,
' promis.sorrJ note and this deeaG or either, are not tliclJ perforneecl, com.ptie~l rvitla and !
abided LJ, the said ac~gre~ate sum mentioned in sui~ pro~nisso~y note sltall Lecome
due ucnd ~yabl.e forthzvitla or thereafter at tlce optior~ of t/ce .~lort~cc~ee as futly acnd ,
completelr as if t1~ saicd ag~regacte sum of Thirty Thousand ~
($30,04~.00) dollars wa.s ori3si.nallJ sttptclated to be ~xr,id on such d.ay,
anythin~ in said promissorJ ~wte or herein to tice contrwriJ notwitla.standin.g.
8. The .hfort~a~ee mccy, at any time while a suit is pendin~' to foreclose or to refornt ,
tltis mort~a~e or to eieforce any claims dri~.sing hereund'er, ap>>ly to t/ce court havin~
juri.sdictian thereof for the appointment of a receiver, and such corart xhall forthwith
~tppoint a receiaer of th.e premises acnd all uther ~~roperty cuvered here L,y, i?rclu,di•rc~ all ~
. ccnd sin~ular the inco»te, profits, rents, i,.ssu~s and revenues front u~itutever sorcrce de- ~
rived, and such receiver shctll have all the br~ad a»d effective fiinction.s dn~l powers in
anytaise entruated by a court to a receiverandsuch appointme~r/. sh~ill be made bJ stcch
eourt ccs an. admitted equity anrl ac matter of absolute right tu sccid .~Nort~agee, an~
without reference to the adequacy or i~a.deqriacc,y of the aa.lrce of the property nr.ort-
gaged or to the salvency ~or ansolvency of so,id .Mortga~or or the alefendanJs, ~cr~d suc/a
' income, profits, rents, isaues and revenues sliall be applie~f by srcch receiver accordirtg
to the tien of ~his mort$age and the prcaetice of such court. .
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In Witnes~ Whereof~ the said .Mo~t~agor hereunto sets his hand ctnd
seal the day and year ~trst above written. -
Si~ned. Sealed xnd Delivered in PreRence of ~ ~
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