HomeMy WebLinkAbout0077 d. 'I't?at lal la the avent ot any b~eacA ot th» mortgsRe or detault on thr part ot the ~tortga~or, or ~b? W
tAe event any o[ aafd aums ot money here~n re(erred W be not promptly anJ fully paud w•?thirt tei~ days aext
tlter the ~ame severaUy become due and payable, withaut d~mand or not~c•~•, or ~c~ ?n tt:e e~•ent eacA and rvery
the st+pulauona, agreementa, cond~Uona and covenanta of ~a~d p~om~st~u y n~~te and th?s mnr.sage, any ur either,
are not duly, promptly and tully per(ormed, d?acharged, executed, e[fecteJ, completed, colppl~ed w•ith and nDided
by, thert, ~n e?the~ or uty such event, the s1?~J aggre~ate sum m~•ntinne~f i~ ss,d prom~ssory note then rema~rung
unpaid, with ~ntrrest scc~ue~, and sU rnoney~ ~e~:~ueJ h.reby, shail becume due anJ pa~•able tort~«uh, or thera
atter, at the option ot sa~d ~tor[gagee, as tully a~id completcly as it all o[ ihe sa,cl ~un» o[ money w•ere onginally
~t~pulated to be pa~d on auch day, anything ~n ,aid pron.iasory n~te, and or tn th?s mort~:+ge io the contrary not•
w~thstanding: and thereu~on or the~eafter at the optu~n of sa,d Aiort~;agea ~~~~thout no[ice or dcrosnd. suit at
law or in equity, theretofore. or ihere~ttet begun, map be prosecuted as ~t all money~ secured hereby had matured
ptior W its ~nstitution.
T, That fn the event that at the beginning ot or at eny time pending any suit upon thia mor:gage, or to
fonclo~e it, or W re(orm ft, and; or to enforce payment ot any cla?ms hereunder, said biortgagee sha11 apply
to the court having jurisdiction tAereo[ tor the appu~ntment ot a Reces~er, auch court aha11 forthwith appo/nt
~ Receiver ot aaid mortgaged property ell and s~ngvlar. lncluding all and aingular the renW, income, protita.
issues and revenuea t*om whatever sour~e deri~ed, ea: h and e~•ery ot wh~ch, it being expressly underatood, 1i
hereDy mortgaged a~ it apecit~caUy set forth and desrzited in the Rrant~ng and haDendum clauses hereot, and
wch Recaver ~hall have eli the broad and eftecti~•e functi~ns ami p~m:rr~ ,h xn}~+•,se entn~ated by a court
to a Rece~ver, and svch spE+o~ntment shall be made by such cuurt as an admitted equity and s matter ot ab-
wlute t~ght to sald biortgagee, and without reterence to the adeyuacy or inadequacy o[ the value of the prop-
aKy mortgaged or to the aolvency or ~nsolvency ot aa~d biortRaRor and%or of the detendants, and that euch
rents, protib, income, ~~.+ues and reti enura shall bc a~~plied by auch Rece~~•er according to the 11en andJor equity
ot uid Mortgagee ~nd the practice ot ~uch cour[. .
8. It is understood and agreed that th~s mort~age is R1ven to secure, in addiUon to the note ~~c obl~gation
abnve descnbed any add~tional loans nr tutu~e ad~ances made w?thin tweniy years from date herc~,f b~• th~
mortgaqee to ~a~d mortqagors or any successur ~n title ot saiJ mortgagots ot the property hereby conveye~;
prov~decl that the total unpaid balance ot the indebtedness secured hereby at any one time shall not exceed
the max~mum pnncipal amount ot Dollar=
- (S . i, plus interest thereon and any disbursements made by the mortgagee f~r the pay-
ment ot taxes. leviec or ~nsurance on the preperty encumbered hereby. with interest on such d~sbursements.
IN WIINESS WHEREOF, the ssid Mortgagor l~a~ executed thia moirtgage under eeal on the Jay and year
hereln first above writtea.
9laned, aeaie.i and delivered in the presence ot: .~'"~~~,~~~{''''f~
- DEV-BUILD, LTD. , a Delaw~~ n
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~~~L ° sc.~---~f~.c.~:~.:... corporation ~-.••'c
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~is to A. C. he hal~ Jr
By . ~ ~ ~ . ~ .
~ s s i ent . . "
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STATE OF....._..--•--~--••••-•
~r~.
covrT~r oF i
! Bctore me pereoaallY aPpeated•••••-...---•---••-•-_••••-----._._._~---...--•••-•----•.•---•
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to me well kno~vn and kno~ti~n to m~ '.o be the ind~viduai descnbed in and who executed ttie foregoing in~tru-
ment, and ackt~owtedged before me that .._.ht..._ executed the same for the purpo~e~ therein e~cpressed.
I V4'TTNESS my hend and officlal xal this.._ .----•-••--••-•----day of 19_....---
:
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Notary PuDLc in aad tor
the County snd State Aionsald_
~i My corr.miasion exp~rea:
; 3TATE OF.. ~!~R~ DA~.---- 1 ~
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` cotrt~rrY oF._._.~...-~...~~.N..._...-- ~ =
; A C . SCHENHOL11i.~..-•J~R-=--•-••--.._
~ Betore me per~onally appeared.--•-.-.--.'•• =
f
' and to me well lrnown and
~ known W ms to be the ...............__.....----..._.._......Prea:dent ancL_.....~_..._...._~-•_••_-•--•--•••••--••--••----•-••---~•-----•-•--...-•-.... 3ecretar~ ;
; respectfvely ot DEV-BUILD, LTD.._,..__a.._Delaware_.,cor~or~~io~__......_..__..._..., the corpontlon -
. .
i namsd in the toregotng ~nstrument, and known to me to be ths persoiu ~vho a~ ~uch ofDcen ot sald corporation.
cxecuted the aame: snA then and there the ~dd.----A-+-..C'---.S~r.~.~Q~+~i---.~.A.-----...-•--•--•--.-••••--...aad the sald
...•--•.---....----._._...-•-•-._.._..._.._..___---._~.~__.~._.........._.._..._....._.__....._d1d uknowledge Defors me that sald .
ln~trument ts the free act nnd deed ot sald corpnratian by them respecUvely executed as such otAcera tor th~
purpoaea there~n expreaxd: that the seaf thereunto attached ii the corporate seal by tham in 11ke capacfty ai-
tbced: all under authority fn them duly veited by the Board of Dircctors ot aald corporatlon.
WITNES9 my hand and ofdctal seat this_......`~~:_.J.....d~q ot..._---..._.Jul.Y...._ ia.76 .
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f~LEC ah!• n~CuRdED ti; . ' ._._~~L.~[.~ ~c.e.!_„L.f~~L~rL„~
ST. tilGC :vUMTY f~~l ' owy pubHc In arid for
- .j ;M` ~ R ~ P ;c GO p - the Connty and State Aioreeatid.
.y . _ „~L T ~~R~ q E ~C l E f. y ~ . i
, L' ~ . . - Hy oommtrsSon r~cpina :
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, .~F}F~ b ~u` ~ ~ ,~4 A~ i;~TAStY P'~S:lC S'ATF :Ca:~A /!T t/~Tct~
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MY CGIl.!ttSS~:i'7 E~FtitiS SiPi i 197q
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J~ ~~~~3 . ~oe~a iww c~:~ti~ws ~~+s, u;::;:rwvi~s
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