HomeMy WebLinkAbout0224 e. Tlut (al In U~ ~vent o! any b~each ot this mo~t~aso or detault on the part ot the 1?to~tgrgor, or 10~ ta
ths eve~t any ot u~d ~umi ot money h~reln ref~~red to Dp not p~omptly and tully pud w~thm tee daya next
a[ter the aame sever~lly become due and payabl~, vinthout demand or not~ce, or ~c1 m the event each and every
the •tipulatrons, agreements, cond~t~on~ and ro~enants o[ s.ud promassrny m~:e and th~s m~~rt~;age, any or elthrr,
ar~ not d~ly, promptly and fully pertormed. dischar~cd, executed e[tected, completed, complud w~th and abided
by, then, e~the~ or ~ny such event, the ia?J ~gg~egate sum m.•rtuoned m sa~d prom~saory note the~ rcrosirung
unpa~d, wilh ~nterett ucrued, snd tU moneyi secured h.•reDy. shall becume due and payable torthw~th, or there-
~tler. at the option ot sa~d Mortgagee, u tully and completcly as i[ all ot the aa~d suma o[ money vvere or~ginaUy
at~pulated to be psid on auch day, anything in sa~d pronuasory ~ntc, ami or te this mortgage to the contruy not-
w~thsta~ding; and thereupon or thereatte~ ~t the optum of sa~d 1?tortgagee. ~v~thout noucb or dcmand. iu~t at
law or in equlty, th~retofore, or thenatter De~un„ may bs prosecuted as ~t all moneys aecured hertby had matured '
pnor w its insututioa ~
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l. That in N~ eveat that at tM Deainn~r?~ of or at any tlme pending any ault upon thli mor.ga~e. o~ to
loreclose f~ or to retorm !t. ~nd/or to entorc~ payment o[ ~ny clum~ hereunder, uid Mortat~ee ~hall ~?pply
to the court havin~ ~urisdictlon thertof tor tt~e ~ppo~ntment ot a Rece~ver, such court shall forthwitA sppoint `
• Receiver ot said mortgaged property ~ll and un6ular. including all and s~ngulu the renta. lncome, profits. ~
la~ues and revenues t~om whatever ~ource derivcd. ea: h snd e~ ery of which, it be,n6 expnuly understood, U
henby mortgagrd as it specl[ically s~t torth anQ deacr~Eed in the Rrunting and ha~endum clauaei hereot. and
~uch Receiver shall h~ve all the brosd and ettect~ve functinns and W,a~~a ~n an>w?~se entrusted by a court
to a Rece~~er. and such appo~ntment shall be made by such court as an admitteA equfty and • matter ot aD~
~olut~ ti6ht to said Mortsage~..and without re[erence to the wdeyuacy or Inadequacy ot the value ot t~e prop-
~rty morttaged o~ to th~ aolvency or insolvency ot sa~d MortRaRor ~ndior ot the detendat~b, and that iuch ;
tenb, prohti, income, iasues and rr~•enues shall De a~>plied by such Recel~•er according to the lien and/or equfty 3
ot uld Hortaagee and the practice of auch courl. - ~
It is underst and agreed that is mortgage is en to secure, i~ d~tion to the no or obl~gat~on
above escnbed any a'tional loans or t ure advances m e within twenty ~rs trom date eoi by thr
mottga ee to sa~d mortg ors or any su r in title of sa mortgagors of t property hereb onveyed:
prov~d that the totai un a~d balance of th indebtedness sec ed hereby at an ne t~me shali n exceed . t
the max~ um principal am nt ot llars
tt p s ioterest there~n nd any disburse nts made by the ortRagee for the a}•-
mrnt ot tax , lev~es or ~nsura ce on the propert encumbered here , with interest o such disburseme c.
IId W1T:~IES3 WHLrRLrOF. tA ~alA Norts~o~ haa ~xecuted thL mort=aae under aeal on the day and ycu
heran f~rst aDov~ ~vrittea
9lsned, ~e,~led and delivered 1n tAe presence of:
~1'~~. ..:%~k~ ~7~-r ;
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~ h~?~ rT ~t-~ e R 5 ST lUC1E COUN Y F~5 -C, w?~ w-r a, o r s' -
aoaEA ro~tR~s ~ ~
c~EaK c~aau~t couaT 5 e
f k 4~.t~~ S.
RECOAD VERIFIEO
MAR { ~ ~Z S1 PM'~
3TA'P~ OF-••!.
:./o /1
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COUNTY OF.._~T ..C_~:_ t: i .
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Beron me v~~Wr ~r~~d-.-....._Ch8T1es.._J~__7.aGhariBS....and..I~.i11i8m...S..
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' ~ach~.rias. his..aori~£~ .
; to me well known and know~e? to me to tx the indiv?dual deacnbed in and who executed the toregoing inatru-
ment, aad acknowledged before me that .•_.he_... executed the ume for the purposey tharein expreased.
f •`.l,l~i7ttlcle L 1
~ '~'NES3 my hand and oftlclal ~eal thii--------•-~.~..•----...._...d~y ot___.._ r.~.Kt..^.:~~~..~_~ 1~..~~
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w ~f1 ~.~d ....1»..__.._._....»_.»
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: ~ . Notary PubLc ln aad foT
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~ the County aad State Aforesald.
y q . ` ~
~ ~ My commwion expirea: ~
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_ ~ . C~ i+.::c:..~:, ~~:r O. WaJ~ ~ ~
~ :+~r'r~~.R~1ti me nWy apPeared...
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and .r._......_......~._...--_-...._- W m~ well imown aad -
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known to me to Ds tha..._..-•••--•--....._...... .._.Pnddent aa~_..._-•-~,,..:~--_.....___ 8euetar~ ~ .
respectlvely ot ~ tb~ corponUon '
~ Pe
i
namea in the toresote~ ~nttrum~n~ atfd knowa to mA t~s_ r~oeu who a~ ~u~ oMc~r~ ot w1d corporatlo0.
- e:ecuted the same: arid than aad t2~~n t1u wld.--•-••-••--•-•._._
~':~....._...._..._...._.._..........___.-•--•---•._.._.._aad th~ Wd
~ . ~ a+clmowled6e Mforr me Uut ~ala
Instrument la the fre¢-u ' deed oi ~a1d corpontlon by them reapectlvelr e~c a~ such oMcers for th~
purposea thentn exp • that ths ~ea1 therennto attached 1~ the corporate ieal by tn like capactty af-
tl:ed: ~11 under orfty tn th~m duly veated by the Board of Dlrectors of sald corporatloa.
my hand aad o[Aclal Ma1 tt~is....._....._~~___...d~y of---.._........_ 10-----
_ . . . .
Notary PubUc tn and tor
the County and State Afon~s~A.
~[r comarlsdoa esplres:
MacMItLAN ~ SHE/1R, P.A. -
Rttcrr:e~ et Law
1074 N. E. Cem:n~rcial St. .
Jonson Ccaciq He. ;345y ' ~P
- ef ~r ~ P~cE 2~