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Home My WebLink About0559 FIlEO Ali~ HECUHOEO ST lUC1E.C0UMTr f~A. 1 ~~~~~tlit~t~'.f~x ~ 4f ~_n P~i?fIAS ~ RG(Ti~aS ~t ~ ~"K .;1:iCU1T COURi ~ C' f~K CI:cCU17 CO. RT ~ . . ~ , . ~ ~ : o • . ~ • . ~ r E n w~_ ,J~.~ 10 3 a9 PM'Zg DE~ 19 i l~~ AM'~7 :~~026b~ 38785?' ehaU have the option to receive and apply the same on account ot the indebtednesa xcured hereby or to permit said MortRag~r to receive and use it or any part thereot for other purposes writhout thereby waiving or impairing eny equity, lien or right under or by virtue of this mortgage: end in the event ~aid Mortgegor ahell tor any reaeon fail to keep the said premises so insund, or fail to deliver pwmptly any of eaid policie~ of insu~anoe to eaid Mortgagee, or tail promptly to pay fully any prnmium theretor, or in any respect fail to pertorm, discharge, - e:cute, ettect, complete, comply with and abide by this covenant. or any part hereof, said Mortgagee may plsce end pay for such insurence or eny part thereot without w~aiving or atfecting eny option, lien, equity or right under ot by virtue of this mortqage, and the full amount of each and every such ~vmdnt shall be immediately due end p~yable and shall bear interest from the date thereof until pnid at the rate of ten per centum per annum and to~ether with such intereat shaU be secu~ed by the lien of thia mortgage. 4. To permit, commit or suffer no ~vaste, impairment or deteriorstiow of said property or any part thereof. ~ 5. To pey atl and singular the costs, charge~ end e:pens~a, including ressonabk lawye~'a fees and cost of abstracts of title, incurred or peid at eny time by said MoKgagee because andlor in the event of the failure on the part ot the said Mortgaqor to duty, promptly and fully perform, discharg~e, e:ecute, effect, complete, complY with and ebide by each and every the stipulstione, agreementa, conditions and covenants ot said promissory note. and ~ ' -•tJrie mortgage. any or either, and said costs, charges and e:penses, each and every, ~hall be immediately due snd payet~le, w~hether or not thern be notice, demand, attempt to ooliect: nr. suit pending: and the full amount of each and every such payment shall bear interest from the date thereof yntil paid at the rate of ten per centum per annuin: and aU said coats, charges and e:penses so incurred or paid, together writh suth iaterest, shall be secured by ~he l~en of this mortga~. ~ ~ 63 That lal in the event ot any breach of this mortgage or default on the part ot the Mortgagor, or Ib) in the ~ ~even[ any of said sums of money herein referred to be not promptly and fully peid ~vithin ten dsys nert after the ~ ~ csame severdly become due and payable, without demand or noiice, or Icl in the event each and every the etipulations, : ~p ~agreementa, condition~ and covenanta of eaid promissory note and this mortgage, any or eith~, are not duly. ~~proc?~ptly and futly performed, discharged, e:ecuted, effected, completed, complied wTith and abided by, then, in either ~~or ai?y auch event, the said aggregate sum mentioned in said promiasory note then remaining unpaid. ~rith interest eccr~ted, end aU moneys secured hernby. ~hall become due and payable forthwith, or thereafter, at the option of said ~ Morfgagee, as fuUy and completely as if all ot the said sums of nomey were originally stipulated to be paid on - c~-~ auch day, anything in said promissory note. end or in thi~ mortgage to the contrary notwithstanding, and k J ~thereupon or thsreafter at the option of said Mortgagee, aithout notice or damand, suit at law or in equity. ~therFtofore, or thereafter begun, may be prosecnted es if all moneys secured hereby had matured prior to ics ~ institution. ~ 7. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to forecloae it, or to reform it, and~or to enforce payment of any claicns hereunder, said ~iortgages shall epply to the court ~ having jurisdiction thereof for the appointment of a Receiver, such rnurt shall forthwith appoint a Receiver of said ~ mortgaged property all and singular, inctuding all and singular the renta income pro~ts, issuea and revenues from R whatever source derived, each and eeery of which, it being ezpressly understood is hereby mortgaged as if ~ specifically set forth and dexribed in the granting snd habendum clau9es hereof, and such Receiver shall have all the broad and effective functions and pow~ers in anywise entrusted by a coeut to a Receiver, aed such appoiatment ~ shall be made by such court as an admitted equity and a matter of absotute right Lo said Mortgagee. and without ~ reference to the adequacy or inadequacy of the value of the property mortRaged or to the aolvency or insolvency ~ of said Mortgagor and!or of the defendants, and that such rents, profits, income, issuea and revenues ahaq be applied ~ by such Receiver according to the lein and~or equity of said Mortgagee and the practice of ~uch oourt. ~ 8. It i~ understood and egre~hst this mortgage is given to sec~ue, in addition to the note or obligation ` above described any additional loans or future advance~ made within twenty year~ from date hereof by the mortgagee ~ to said mortgagors or any successor in title of seid mortgagors of the property hereby conveyed: provided that the ~ total unpaid balance of the indebtedness ~ecured hereby ai any one tu'~e shall not e:ceed the maximum principal emount ot EI,F:Ir'I:.\ TI OLS.~~ FOIJP~ FI[J.`~RF.ll ~li~"D 10/100 (~11 ~400.00)--------- Dollars ~ IS 1, plua interest thPreon snd any disbursements made by the mortgagee for the payment of ia:es, levies or insurance X on the property encumbered hereby, with interest on such disbursements. ~ - 1N WITNESS WHEREOF, the said Mortgagor hae ezecuted this mortgage under seal on the day and year herein first above written. ~ Signed, sealed nd deii3er the presence of: - 4-t ~ ~i.[~L ISEAL) ~ / Fa~~e ~~tn•en .GL ' ~ ` ~ C ClLL~GEJ ~ (SEALI STATE OF ~~~;IQ;I('L',:: - = Cou~v~rir oF h"I:?tiT r`~ Faye C. ::uyen ~ Before me personally eppeared = of ?718 Shore llri~~e; Porta~e, '•:I 49081 -;~'~+~elP~, ~nonb snd known ta me to be the individuel... de~cribed in and who e:ecuted the for+egoing inatrumeat. ~ , . ,.iind ~now~)ged=before me that ....he.... e:ecuted the same for the purpox+ th~ein ezpreased. s~, ~ - y-~, Z~m r._ WI7`NE~ inp hand end official seal thi~ day of -}t~ 9 2~ - iv ' ~L~it...~.~L ~ ~ . ~a T ~ ~ c ~ ~ - ~ ~ ..i. ~ ~~w-~' ~ . Q C~K N tary Pu c in and for ~ t ~1y ` E R K~, V O PA l~ V V~ the County and State Afore~aid. .,~-3 ~ - ~ f +f . 0 p~~V PACE~~~ My commission e=pin!s: BOOK KAT4RYN Ff~L! ~RY .Notary Pub.~~, K r.t ~~~,~ry. - . . My Comm~ssion ~~.•rc_, ; . -