HomeMy WebLinkAbout0138 'lbat 1~1 ln t?~~ ~vent ot any breac)~ ot tha moet~yp or de[ault oe the part o~ N~ 1?tort~a~or, or fel fs
th~ event aay ot q~d suma ot money r~~an rettrred to De not promptly and tully paid w~tAin ten a.y~ n~at
~tter the same ~everally become due and payable, v~nthout demand or not~ce, or ~c~ ~n the e~•tnt escA and ~v~ry
N~ ~t~pulat~ons. a~reemenb, cond?tion~ and rovenants ot ~~id prom~ssni y nr,te and th~~ murtgase. sny or ltther,
an aot duly. promptly and [ully pertormed. d~acharged, executed, etfecte~, compieted, complied v?ntA and a0ide4
by, then. ~e e~ther or any such event, the u~d a~g~egate sum m~•nt~~ned ~n aa~d prom~saory not~ thee remauunt
unpa~d, wlth ~ntr~eat acerued, and all moneys sec~ired h~ nby, shall Mcome due a~d pi~•abl~ torthwith, or thsr~-
~tter, at the option ot u~d Mort~aqee, aa [ully and cc?mplctely as ~f sll ot the said sums o[ money w~rt oH~~nally
st~pulated to be paid on such day, anythin` ~n aaid pronussory nete, and or in th?s mortg~e to tM contnty aot-
w?thst~nd?ns; and thereupon or thereatter at the optu~n nf ~a~d I?tort~a~ee. ~~~ithout nopce or demand. ~ult ~t
Iaw or in equlty. th~retofors. or thenatter be~vn, may qe prosecuted aa all moneys ~ecureA herepy lua matursd
prior W its instltution. • ~
7. That !n the event that at the Deginnir?s ot or at any tlme pending any auit upon thb moK`ase, or to
to~eclose i~ or Lo reform It. andior to enfores payment ot any cla~ms hereunder, iaid Mort~e~ ~hW ~pplr
to the court Aavin~ juri~dictlon thereof tor the appo~ntment of a Rece~~cr, auch couR ~hW fort!?with ~ppoint
a Receiver oi said mortgaged property a11 and a~ngular. including all and a~ngvlar the renb, Income. prohta.
la~ues and revenues f~om whatever source de~~ved, ea: h and every of vehuh. ~t bemg expresaly undentood. 1~
hereby mortg~ged as i[ specitically sec forth and descr~ted in the Rr;~nt~ng and haDendum clause~ hereot, uW
~ucl? Recc~ver shal{ h~ve dl the broad and ettective tunct~nns and ~~u~~Pro ~n anyw:se entn~sted by a court
to • Rece~ver, and auch apE+olntme~t shall be made by such court as an ~dm~ttcd equtty and a nutttr o! ~b-
~olut~ i~6ht to sald Mort~sgee. and N~Ithout ~eference to the adeyuscy or Inadequacy ot the valu~ of th~ prop-
~rty morttaaed or to Lhe solvency vr insolvency ot sa~d 1?toriRaRor and ~oT ot the detsndant~, aad th~t such
ren4, prohts, lecome, issues and re~•enues shsU be a~~plied by such Receiver accordlns to ths I~.u as~d/or ~qulty
ot Wd ~Iortsa~ee and ths practice of auch caurt.
8. It is understood and agreed that thls mortgage is g~ven to secure. ~n add~tion to the note ~r Gbll~jil10~1
above described any add~tional loans ~r future advances made within lweaty years trom date hereuf by 1fie
mortgagee to sa~d mortgagors or any successor in title ot said mortgagors ot the property hereby conveyed;
providecl that the tutal unpa~d balaace ot the indebtedness secured hereb at n one time shall ~ot exceed
the max~mum princ~pal amou~l ~of Fi~e thousand three himdrecl~ El~l~ tW~D Doflars
~s 5 382.00 1. P~WV~g!'est thereon and any disbursements made by the mortaagee tor the pay- ~
mrnt ot~ taxes, levies or tncuranc~E~3b~~tl~e property encumbered hereby. with interest on such d~sburse~nent~.
i
IId WTI`ri~S3 WHEREOF. ths sdd ~~tp~or ha~ ~xecuted thb mortsa~e under ~eal on the Jay and yeu
herein lint asov~ +iMtte~ C ~u/
81~ed. ~ealed and dellvend tn the preaence ot: ~F(~ ~
" ~ .
(s~.)
y ~ _ Dorothy Ki^~egpr
°~-ifl~'~ {~-c,..t- ~-~+-1 ' :-~~r ` ~;c "
Fr.~za C . Kra.eger
.:~r~~'~= ~1[A
~ .`i ~.~~l~~f~~? -
_ ~
.
. . _ . ,
:~~s~;~ssori as. p.no~naur ~va~~---IZ~7t~o#~'~y .i~~._.~SX'~.~~~..di3i~..~._C~...~'~.eg~~'~_...a,..S...loint._...._.
) -
„~,~et3,th~ri~ht..of._.~u~.viuarshi.p. rom r Ave. Muncie Indiana 47303._
- - Qf....~~4.
rt~:~ .
-'ip 1a~it .we~~Ac~iOli?n knd known to me co Ae the individuR~._ described in and who executed th~ tore~oln~ lnatrw
, mefik'attd ~ckno~+vled~cd betore me that t.re...~executed the same for the purpour th~re~n vtpr~u~d.
{ 27th October 76
; ~ WITNES3 my hand and offlclal seal thia .......•-°----...day ot..._..__....__......---..--..........-- 1~..._....
~ ~ --~'r~-~:.2
~
Notary PuDllc la aad toi ~
I the County ~nd 8tata Atoresald.
My commtwton espjre~: JULY 19. 1979
BTATE OF... ~ .
CovrrrY oF._ ST. 7~JCIE 's.
Hetor~ me peraonally appe~red
and....---••-••-• W m~ w~ll lmown aaa
knowt? Lo m~ to bs Lhe ..............._..........._.._.......Pr~dent ana......._....._............_.._.........._.............-•----..._.._.---•••-... 8~cr~tar~
respecttvely of tA~ corponuoa
nam~d in the toresotns tzutrum~n~ and known to me to be N~ p~rwn~ wiw v~uch o!lfc~rf ot sald corporatlon.
~ executeQ the same: and Ntn ~nd t2i~n th~ ~ald..--••-•--........_ .........................................._.....__.........._._..._.._.___..aad th~ w14
..~.._.._..w..........._.._......_.._.....__a~ .cx~o«~.es. wton m. wc wa -
tnstrument 1s the trea ut and da~d of ~aid eorpontton by them r~~p~ctlvely e~c~cut~A a~ nuch ottfc~r~ for tA~
purpo~ea th~nin expreaaed: that the ~ea1 thereunto attached fi N~ corporat~ Ma1 b7 W~m U? 1ik~ caP~~ty at-
tued: W und~r autl~orfty In thun dulr ve~ted Dy the Board o! DtneWss of ss14 corporavoo.
WTl'NS'.88 my hand aad ottfci~l ~al Wi..._..•••••-._•---.....da,y o~..........__..-• 10.._~
. ~
_
~0 REGqR
~`A. i~~ Notarp PubUc In ana for
F`~E~ciE coU~Tr . 3 u~. ex~n~cr ae~a aeaa wro~...w.
s1.W po1ZNAi ~ ~y ~ ~cpt~+~:
~oc~fi ou~t ~
C~ER VER F~f10..~""••
F ccoao M
ll~ e
. .r,e-. . e~n