HomeMy WebLinkAbout0224 '!~t Isl In ~h~ ~vent ot ~ny b~~aeh ot tA1a mort~a~~ or dtl~ult an 4Ai,•~~rt ot tl~ I?tortsa~or, or 10~ 1~
t??~ •v~nt any ot ~aid ~uma ot mon~y h~~an ~ef~rred to p~ not promptly.~ir~f l~Uly pvd withln ten day~ n~st
~tt~~ th~ aam~ Nve~ally bscom~ du~ ar~d payaDle, v?~thout demand or not~,reror ~c~ .~h th~ ~v~nt ca~h and ~v~rr
Na ~t~putat~ona. a~teemeeta. cond~t~oo~ ~nd ~ove~anb ot ~.~~4 prom~sani~r te~te ana ~tlui nturtras~. any or ~ItAer.
not duly. pwmptly and tully pertorm~d, duch~~~ed, ~xecuted, •ff~ctN~t'comp~eted. compu~A vintb and ~O~aA
by. th~a, ui ~~tMr or ~ny such ~v~nt. th~ u~d ~~~~~ate aum e~ri~•nuryiejt ~n s.1~d p~om~ssory not~ tl~~e rema~nins
unp~id, with ~nttre~t ~cerucd, and ~1) mon~ya iec~~rW h. nby, shall Wcome._du~ ~nd payabf~ tortAwitl~, or tht~
atter, at lh~ optlon ot wiA 3~[ort=aqee. u tu11y and compt~tetx as i! a11 0l ~the uid sumi o[ money vir~n ori~t~ally
~t~pulsttd to b~ pa~~ on ~uc~( day, anythle~ ~n sa~d pro~~~ssery ~ote, and or tn th~• mortgase to tb~ contnry wot-
111ii1i~YiKitii~, iLiii i~iiiii:~iiii iK iiiat6iiiii ii ~ii$ O~i~••ii ~ii bi~~j ~i0(i~itil, ~~~t~1YY( b0{JCt Ol ~!/1~ ~N~~ ~
Lw or in equlty. tb~~tt~lOn, o~ theNatts~ Oe~un, may b~ prosecuted ~s ~t all mortey~ Ncured Mrtpy ha4 eaaturw
peloe to it~ instltuF~a. ; :
7. That la tA~ ~~~at that at th~ D~~Innln~ ot or at any tlme pending any suit upon thla moP.~ase, or W
loreclose l~ o~ W r~torm It. and~or W sr~torc~ psyment ot any cl~~ma hereued~r, aald I~ort~N ~hai! ~pply
to th~ court hsvin~ jurladiction th~reof tor ths appo?ntment o! a Receiver. ~uch couK ~ha1l tottbwftA appotat
a Recelver ot ia?d mortsa~ed prop~rty ~ll aeA a,n6ular. lnclud~ng a11 aed ~~n~ular tM e+~nt~. Inco~nt, profita~
1~ue~ and revenuea t~om whstever ~ource denved, ea: h and every ot wh~ch. ~t Dem~ t~cprea~ly und~»tood. y
~ h~reby mortgaaed as 1t ipecltieWy s~t tortA and Aescnted m the Rr;?ntins and AaDendwn cl[u~q h~rsot. aAA
~ucli R~cetver shall havt W the broad and etfect~ve tunet~ona anA ~N,~.~~s ~n xnyw~ae entru~tb by a coutt
to ~ Rece~v~r. and auch appointment ab~ll be made by auch cuurt u an adm~tted equlty aAd ~ matttr ot ~d
~olut~ risAt to uld I~[ort~e~, ~nd wlthout ?eterenee to the ~dequacy or inadeduaey ot th~ valw ot th~ prop-
~rty mo~~d o~ to 4`~t ~olvency or inio{vency ot ~ald I?tort~CaRor and ~o~ ot the dei~ndants, ~1A tl~st ~uc11
nnt~. pro ta, lecome, issues and rc~enuq iAall be a~~p1iM by iuch Reeelv~r sccordlns to tM Ua~ aad/or pWt~
ot aata ~tort~a~e~ and N~ practice ot such cou~t.
8. It ia uedentood and a~reed that th~s morlgate ~s R~ven to secure. ~n add~t~on to the note or obl~~ition
above descr~bed any add~tional loans or tuture advances made w~thi~ twenty years from date hercat by the
mort~a~ee to ~a~d mortgagon or any successor i~ title ot said mortgagots of the p~operty hereby conveyed: ~
prov~ded thAt the total u~pa~d balance ot the indebtedness secured hereb at any one time shall not exceed
the max~mum princ~pal amount ~t 7~ #hou,eand #h~cee hundned ~h,in.#y one-----~--- I?oUars
li 2 331. v~ plus M'
tereat thereon ar~d any d~sbursements made by the mortgagee tor the {,ay-
mrnt o~ taxes, leviec or in.suranii~~~~he property encumbered hereby, with interest on such disbursements
IId W1TI~IC83 WH~R601~'. tA~ aaid "I~~or Iw •x~cutM tlils mortsap ~nder ~eal on th~ a.r .~a y~u
Aerein ti»t apov~ weftta~ ~ ~
8 ~ealed vnd d~Uve tM reaence ot: ~Q~~/,~,,
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to e?e weil known anQ known to me to Ae the indiwdusl. ~ d*scnbM fn and who e~cecuted tM tore~ofns leutcu-
men~ and ackaowled~ed betore m~ that ~-hals. e~cecuted th~ same tor the purpo~es tH~reu~ ~sprM~d.
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~ purpo~ea tMrefn acpreaMd: that tM ~eal Ntreunto ~ttached 1~ tM oorporat~ Ma1 by tMm tn lib cap~ctty at- -
tt~ud: W uadtr authoeity ta than dulr w~tb ey tb~ HoaM of Dfrecton ot ~al4 eorpont/ea.
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