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a. Tut !s) In th~ tvent o! eny b~eaN ot tAia mo~t6aRt o~ detsult o~ the plrt ot lhe ~[ortLs~gor. o~ f01 ta
tha evenC any ot uid sums ot money he~eirt ?ete~~ed to be rtot promptly snJ lully pud w~thin tee daya rtaxt
atter the same aeve~ally becomt due ~nd paYsbl0. witfwnt demsnd or not~ce, or ~c~ in th~ even~ each and t~ery
_ the st~pulat~oas, ag~eamenca. cood~tiona ~nd ~~ovenants oE s.~~d p~om~ss.~~y m,te ~nd th~a au.rtx•age, any o~ elther.
are not duly. promptly snd fully pe~(o~mecl, d~xharged, exrcuteJ. etiecte.l, comj,teteil, eompl~ed with ~ad ab~drd
by. then. ~n e~ther or any sucb event. the s~~J agg~egate sum m.•nt~nne.1 ~n sa.d promi~sary oote then rrmauu~g
unps~d, w~th ~ntr~e3t ~~crueJ, and all R?oneya arc~~~e~J h.•:eby~ shall becon~e Aue a~d payable Iorthw-ilh, o~ tte~e-
stter, at the opt~on o[ said 1?Iortgagee. u lully and completcly as alf al the saic~ jun~a ot rr~oney a•ere oriRlna:ly
. st~pulated to ba pai~ on sucA Jay, anything ?n sa~d promisso~y note, an,l o~ i~ th~s ~nortg:~gr to the cont~ary not• ~
, w~thstandina; aed thareupon o~ thereR[ter ~t the optu~n ot sa~d Aiortgagee. ~~•~thout not~ce o~ demand~ auit st i
taw or tn equtty. tAe~etoto~+~, or thetN?tter begun, may be prosecutcJ as all moncys aecured he~e~y Aad matured . ~
prioc to its inst~tut~oa
. 1. '11tat iA th~ event that at tl?e begianiaa o! or at any ttme pendirtg aoy suit upon thls mor!aa6e. oe to
torectasa it, or to re(orm it, and/oe to entorce payment et any ci~ima fiereunder. said !?tortsage~ shatt appty
to the court Mving juri~diction thereot tor th~e appomtmeot ~f a K.cr~~•r~, auch court sh.iU [orthwith appo~nt
a Receiver ot aaid mortRwge.! property all and a~n~~lar. inclu~ing all and ~~~gt~lar the ~enW, income, pcoAta.
lsaues and re~enuea from whatever ~ource denved, ea.-h and e~~ry o! Wh~rh, it be,r~; exprssaly undentood, ls
AcreOy mert~ag~+1 as it speci[ically set tortl~ and deacs~Eed ~n the Rna~t~ng and haDendum tlauses he~ot. and
~uch Recelve~ shW have al! the broad and et[ect~Ne tun~t~~ns a~ct ~K,~r~ra in xn~~v~se entru~te~ by a court
to a Reee~vee, xad auch sppointmrnl ~b:~ll b~ ma~k by auch cuurt na en admitted equity and s mettee ot ab-
aolute rigAt to said I~iortgaRee, end without rete~ence lo the rd~yiuar} or ~nadequacy o[ tAe vslue ot tRe prop-
erty mortgaged o~ to th~ solvency o~ ~nsafvency o[ sa~d A(ort~aRor and~or ot the detendan[~, ~nd :bst iuch
nnts, pro[~ta, incop~e, istuea snd ~e~enuea ahall be a~~plied by such P,ecei~~er according to the lien u~d/or equtty ~
ot said ~tortgagee and the p~actice o[ ~uch caur~
S. It is understw~d and a~reed that this mortgage is g~ven to secure, in addition to the nute or. obligatlon ~
aboYe descnbecf a~iy additional luaos or future advances made within twr~ty yeacs trom date hereot by the
mo~t~a~ee to ~aid mortRagors or a~y succeswr in title ot said mortgaRocs of the praperty hereby coaveyed;
provide~l that the total uepaid batance ot the indebtedness secured hereby at any one t~me shall aot exceed
t~e maximum principal amount ot E1,eVeR thousand po~~a~
~$l, QgO.OQ plus interest thereon and any disbursements made by the mortRagee for the {,ay• -
mrnt o axes,~ evies or ~nsurance on tht property eacumbe~ed hereby, .sith interest on such disbursements.
II~1' WTl'NESS ~VHEREOF, tha sald• l+tortaagoe l~as txecuted thu mortgsge under aeat on the dsy and yeu t
11ert~n tif~t ~Dovf ~IrYltteA
31~ned, se d c~etive exnce ot: - '
.a
WILLIAM C. GRUBB
_ - ~ . .
~ -
ROTHY S. G UBBS
srw~ oF...... ~.c~, ~.%o~s...__... .
L'Do /C
COItNTY OF._...._•..-...--_-_••••-------------••-
~rore m• ~r~onauy .pp..~ea..wWilliam C. Grubbs and Lbrothv„ S.,._Grubbs,,~_
._~~i~...~ta.f.e . _._.__._...._.._....__._w..__._~....-----___. ..__~...._.____..._.......~___w._~..._
to me wd! known and kno~~~?• to m~ to Ae the individuxl described ~n and avho executcd the fongoing tnetrv-
ment~ and acknowledged be[ore me that ._.he_. . executed the ~sme tor Ne purpo~e~ theran cxpre~.sed.
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. ~t'ITNESS my hand and otflcW eeal thi~.--••~-t--~---.__day ot.._»~~~vY2 ~~::...~.'.~t ~1~? '
R r ti,',,.~.`~ i
10{1NTY F~l. __.SQ. . . ~ ,,~;;,:~i.L.~~~~~:,,. _
~ J~R ?41TR~S Notary Public 1n and tor = ; ~ s ? _
' . ZLERK CIRCUIT COURT ~e Courtiy and State Atarssald.
3TA1'E OF°-----~~~I!v(j~.'t..--•----_-• ~F~~FfEO ]1i commission expire~: = - ;J `.y ~ , _
s~ ~ ~ ~VV~~~~ L`~~~. ' :f~`~
Y c t '
oF..._........~ao~.-------.._..~ Nati 16 10 03 AH 17 - ,
.
Betore me personally appcared...---•-•-•----•...-•-••---•°.......-•--.__ . ,
and.__.._._ ~W ms well Irnown and
known to ms W be the...._..---••-.~..__._.__......._..Preaident and_~....._..~_.__....._ 3ecrttar~
~e~pectivrly ot ttts corporatloa
n~med in the toresotna instnunent, and known to me to be Ne peno+u ~rho aa euch otIIcen ot ufd corporauon. -
esee~ted the ~ame; wnd then and t1:ero ths ~ald ..........••----••-•---....._..._.._._..__.._._....._...---........_..__......_..~...and the sald t
,
-•••--•-•---•-•-_......_.._.__.~....._._..-------..r. ..r.._...,._._.__....__._._...~.~.._..._._dld uknowledge bafor~ me that sald ~
tnst~vment I~ the free aet md deed o! aald corporation by them re~pecttvely executed as Such otAcer~ for ths ~
pur~+n.~r~ therein expreaxd; thst tAe seai thereunto aitact,ed l~ tt~e ccrporate ~eal by :hem tn Wce capulty af- ~
tuced; all under authorlty In them duly vested by the Boarci ot Directoro ef ~a1d corporatlon.
~VITNFS9 my hwnd und otdclal ieal this----•.•-•-----:~.._._...day ot.....~._._....... 19.._.~
................._w.........•-•---.__._..
• NoWry Publlc tn anA !or _
ths Countr and St~ts ~!orexWd.
My commlrilon expt:ea: -
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6QOK~~ PACE p~ ~
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