HomeMy WebLinkAbout0405 ~
A. Tlu?t (a! l~ th~ ~vent ot any bnasl~ ot thia morlgast or detault on the part o! the 1?fort~ngor, or Ib? tn
the event any o! wfd ~ums ot money h~nln ret~rred tc be not pe~omptly and tully pud w~thin ten daya next
~ttee the aam~ sever~lly become due and payable, without demand or not~ce, or ~c) in lhe event each and e~•ery
th~ it~pulatlons. a~teemeeta. co~d~t~oru and ~wvenanb ot said p~om?ue~y nute and th?s mr,~t~age, any or elther,
~re aot duly. promptly and fully pertorm~d. d~srha~ged, executed. et(ecte,l, compteted, complled with and abided
by. then. ~n e~thet or any such evertt, the ta~~ aggregate sum m~•t?Uoned ~n sa~d prom~ssory note the~ rems~rung
unpa~d, with interest accruad, and all money~ secured h.•reby. ahall become due and payable forthwith, or therr
~[te~. at the opdon of aald Mortgagee. u tully and completely es 1t all ot the sa?d suros of money were orig~nalty `
~t~pulated to be pai3 on such day, anythlna in said prom~sao~y note, and or in tAis mortgage to the contrary not- ~
w~tRatanding; and thereupon oc thenaftec Rt the option ot aald Atort~agee, ~eithout nouce or demand. ~uit at :
iaw or in equity. theretotors„ or thenattes be~un, tniy be prosecuted as it all moneyi secured hereby had maturcd ~
prlor to it~ fnstltutioa •
~
7. That in Ne event that at tAe beginnfn~ ot o~ at at~y tlme pending any sutt upon thia mor•;age~ or to
foreclose it, or W reform It. and/o~ to enioroe payment oI any da~rru heceunder, uid Mort~ee ~hsil apply 1
to the court havin~ ~urisdictlon thereot tor the appo~ntmea~t ot a Recerver. auch court shall torthwith appotnt ~
a Receiver ot said mortgaged property a!1 and iingular, iecludfng all and ~~ngular the rents. Incoma. profits.
ta~ues and revenuei tcom wh~tever aource derlved~ ea.•h and every ot which, it be,n~ expreaaly understood, fa ~
hereby mongaged as ft speciticaUy a~t tortl~ and descrited ln the ~ant~ng and habendum clausea hereo[. and
~uch Receiver ahW A~ve Rll the broad snd et[ectiva fun~t~~ns and pu~~~er~ 1n anywise entrusted by a co~rt
to a Receiver, and such ~ppointment shall be -made by such court as an admitted equfty and ~ matter ot ab-
~olnte rl6ht to aald Mort~agee. and wtthout reference to the adequscy or Iaadequ~cy ot the value oi ths prop-
trty mortaaaed or to the aolvency or inaolvency of uid MortRagor ~nd ior ot the detendanb, and that ~uch - ,
renL, protits. lncome, is~es and re~•enuas ~hall be a~~plied by auch Recef~•er according to the Uan and/or equfty ~
of aald Mortgagee and the prsctice ot such cour~
8. It is ~ derstood and agreed that th mortgage is given to re, in addition to the te or obl~gat~on ~
above descr~ ny additional loans or futu advances made within enty years trom date ereot. by the
mortgagee to ~ai ortqagon or any successor ' tiUe ot said mortgago ot the property here conveyed;
provided that the t 1 unpaid balance ot the in tedness secured hereby t any one time shall t exceed
the maximum principa mount ot Ilars
, lus interest thereon and a disbursements made b the mortgagee tor the ay- x
ment of taxes, levies or ins ce on the property encum red hereby, with inte on such disburseme
Ut WITNESS ~VHERI~OF. tl~e uld Mottsasor hu ~xecuted thia mort~as~ under seal on the day and year ;
heran fir~t ~Dov~ ~vrttten. . _
Slsned, ~ealed and delivered ln the pre ot:
v
_ ;
t
s
. ~
~
s~rw~ra oF_.. Tennessee '
~
~ ~
COVNTY OF~~~C..c
~ror. ~:.~.uy.p~.~a......_P,A,II~._A4.~._.~tu.d..J?4.84~X.._~OSS.,._..h~s._w,~fe,.._..._._....._
. .
I, to me wdl known and known to me to be he tndividuall. deacribed in and who executed the tongoin~ instru-
j ment, aad acknowledged befon me that .~he.~_ executed the same for the purposes therein ezpre.s~ed. ~
~ . ~ , ~
I
WTi'NESS my hand and offlclal ~eal thii....:~._._....__.._day of......._._.~,j~Tll 1~77»
i -
~ . ^ Y~
:~Tl.~.il.:f.f$. .
f Notsry Publlc 1n aad foe
{ the County aod 3tste 14io
~ My commis~iorRSxpir~i~~ • ; ~
~ $TATE OF .
CO Ir ss - ~ • ~
. y-~~~
Bstore me Y aPPeared...._.._--••--•........••••--•---..._._....-----•--.._.._._.......__»....._. • : -~Y--r------
R .t3~•s ~ ~t•' -
an~--• ._.......,r~D ~s~~lviff.
;l~.ae~d
known to me Lo Ds the.--•••••--•..-•----..._.._ ..PrMfdeat an~_..._....._._. ~tar7
' reapeMfvdy ot ....r...._.__.~._, tbs carporatloa
nataed in tt?e fore~oins ins~ um~at, aad l~own to me to parsons who a~ ~ucb ofIIcen e~ ~ald corporatlon. ~
,
e:ecuted the same: .re cn..n ana n,•n ch...i . .............._.._.._.-------............._.........._---:aa ,.~a ~
~ ackaowledae befor~ me that safd
.
+ lnatrument u tha tree act and of said corpontlon by them respecUvely ex u such oMcen for th~
~ purpoiea thentn expres~ed• t the ~eai Wereunto attached Is th~ corporate ~eal b em 1n Wcs capaclty a!-
~ ffxed: all under wthorf th~rn duly ve~ted by the Board of Directors of ~aid corpontl
~
5 ,ny nana aaa otaclat ..N w........---..___~._.....aay or..._.........._---...__....._........___.r.__ ,
~
~ i
~ ~ ~
~ Notary PubUc tn ana for ~
tt~e co~mcy ana sats wtors..la ,
~ ft~E~ RE~o~ F~~ xy comm~on
st.~uc~E couNT
~ aacEa po1la~s j
L~ rP!( ~~qf
E,0 C~uit
~ .
r
~ 6 12 0~ PM'11 3~489
1
Ma eooK2fi~ ~ 4p4