HomeMy WebLinkAbout0740 CIERI( C Rron COt1AT
orr~~~, YE91ilE0 ~
~ ~t 8 32 aN ~78
390~~39
shall have the optioa W receive and ~pply tM same on ccoount ot the iadebtedewu sscured Mre~y o~ to permit
said Mortga~ co receive and uM ic or ar,y part ch~eoi fo~ ocb.r purpo.s. wicbouc chareby ..aiving or impairing
~ny equity, list~ or right und~ ~ by virtus ot this cnortgagr, ud en tM ev~eet sald Mortgagor shaU lor aay re~~on
fW to krp ths ~aid prsmisss so insored, or tail W deGvK prowptly any ot ~aW poikia~ ot in~ur~no~ to wid
Moetga~w, or fail Pro~PUY to P~Y tully any ~e~nium tMrefor. or u? any rMpsct fail to pertona, dLclur~,
e:cute. eEteet. eompkte, comply witA ~pd abide by this covenant, o' ~ny part heceot. ~aid Mortaages m~y p2ad and
prY tor such iaaur~ace or any pert thereol wetAo~t wdving or ~Hecting any option. liea, equity or rigfit undsr .o~ by
virtue ot this mortgaga, aad ths tuU ~maint ot e~ch u~d avery suel~ p~yment ahall bs lmmed'utely dw and pay~ble
and slWl bs~r interest Erom th~ dats tliereof unW paid ~t the nte ot t~ per osntum prr annum and toget6ar with
aueh intere~t ehall bs ssennd by tbe tiea of this mort~ag~.
4. To psrmit, commit or sutter oo waste, impRira~snt or deteriontiop of aaid property o~ ~ny pat t1~eo(.
b. To p~y aU and siagulu the caets. chargs~ and e=peaass, iaduding rs~sonabk l~wyer's Ees~ and oost ot
ab~tracq ot title, incurred or paid a~t• any time by said Moetg~gea bec~use andlor in tha eveat ot the tailure on the
part of tl~ said Mo~tsa`or to duty. ptomptty and tulh? P~eiorm, diklur8'~. e:ecute. ettect. coaspMt~. oomply with
and ~bids by a~ch and every t6s sttpulationi. aars~meat~, oo~ndition~ atd oovenaete ot said proa~t~y note. and
this rtwrtgage. any or aitl~. and said eoats. charge~ ~nd azpsnse~, e~!? and every. shall bs immsdi,atdy dus and
p~Yabk. whether or not there bs notioe, demand. atqmpt to colisct or sait pending: and ths tull amonnc of e~ch
end every such pay~nsat shaU bear interest from tha date tberaot until pai~! ~t the nte of ten per oeatum per
~nnum: and all said cwt~, clurgss and espensea eo incurred or paid. to~etAer witA auch intsrest. shall bs sscured by
the lien of this mortgag~.
6. Th~t (al in tM svsnt ot aay bce~ch ot this mortga~s or dstault on tbs p~t of the Mortgigor, or tbl iu ths
• event a4y of eaid sums of moaey heroin rsfirred to bs aot promptly ud lullp paid within ten dayi Aast aft~ ths
ssme sevenlly beoom~ dus and payabb, without demand or notice, or kl in che event each and every Ws ~tipnlacions.
agreemsata. oondition~ ~nd oovsnants ot nfd pmmiawry not.e wd tLi~ moKg~as. any or e~tsar. ar~ not duly.
P*o~PUY ~d ~ P~~~. ~*6~• ~ecuted. effetted. aompbted, compaied with and abided by. tben. ia dtasr
oc any suc~ sve~t. t6s said aggregate sum mentioaed in iaid proiaiswry note then re~n~ining unpaid, wits jntatest
~ccrued. aad aU moneys ~ecured 6ereby. sba11 become dus and payabis forthrrich. or thereafter. ~t tbe option of said
Mortgagas. •s fuUy and oompletely u if all ot tl~s said s~u ot nomey wae origi4ally stipuLted to 6s p~id on
soch day. mythina ia ~aid Peomis~ory not.~. and or io thi~ aso~tssgs to ths oontrarp notw3th~tae~die~ and
thereupon ar t6errtlte: at the optio~~ ol said Mortgaae~. without notice or damand, suit at law or in equity.
theretotore. or thereifter begun, may be prosec~t~d u it all moneya sscursd 6eraby had matwed prsor to its
instiwtion.
7. Tlut in tlee eveat that at t~he beginning ot or at any tims p~ndint any auit upon thL mortgags, or to foreebsa
it. or to reform it, aod/or to eoforos p~ymant ot any claim~ 6aeeunder. said Mortgagss shall apply to the co~rt
having juriadictbn tMreot for t6e appointaoent of a R~seaiver. suc6 oonrt sAali forthwith ~ppoiot • R~o~ivar ot s~id
~B~6'~ ProP~Y a11 aad siagular. including all and sipgulu t,Ls ra?tt inco profits. issue~ aad revennes from
Ls
wtucaver ~ros d~civ~ed. ete6 and evsry of whi~6. it bin~ upceMty bdd~cood ia hereby asortpged t~ if
apecifically Nt forth and de~cribed m tbe 6t~ntinR and 6~b~adum danies hereot. and such R~c~iv~r ~haU h~ve
all the broad ~nd eNective fuoctions and powera in ~nywiee 6attvet~sd by a oourt to a Receivar. and e~eh appointiaent
sball be made by weh eo~ut a~ w admitted equity ~nd ~ matt~ o( absolute right to said Mortgagee, wd without
, retennce to the adequuy. or u?adeqwcy of the value oi the property mortgaged or w the wlvency cr insolvency
of said Mortgagvr andlor of the defendanta. and t6at euch cents. profits. inoome, issues ~nd revesue~ ~AaU be applied
by Nch Reos~ver aooordin8 to the lein u?dJor equity of s~id Matgagee and the pnctice of sach oourt.
8. It is unde~~tood and sgresd tl~at thia mort~a~e u givaa to sseuro. in addition to the note o~ obliQation
above de~cn'bed any ~dditfonal 1wn~ or futun advanosr mad~ within twentY Ye~rs trom date 6ereot by tbe mortsagee
to seid mo'tasaara or any auoee~~ m titie ot said mort~aon ot tLe property hersby oonvayed• provided t~t the
toW unpaid balance ot the iadebtedness secursd he:eby at any oae time shaU not e:ceed the um ptincipal
a~nc ot SIX THQUSAND EI6HT HUNDRED FORTY FIVE AND 22 CENTS (6,845.22 i~o[tars
ti I. plus intersst tbsraon and any disMu~emeats made by the cnortgtgee for the payment ot tazes. bvies or iaw~rance
on the property encumbered Aereby, wit6 intmbst on sueb disbursemeats.
IN WITNE53 WHEREOF, the eaid Mortgagor has e=ecuted this on the day and year 1~srein
fir~t ~bove written.
E
Signed, ~ealed and delivered in the preeenca o[:
~
~ ISEALI
S
(SEALi
srw~ oF Na cy S. ic s
Te!'~~e~see
couNr~r oF ~K~ Montgomery
~p~~ Ross N. Hi cks and Nancy S. Hi cks , hi s wi fe of 2209 N.
Meadow Dr., Clarksville, TN. 37040
to ms wdl knawn and Imowa to ms to bs t6t individuaLS. d~scribed 'm ~nd who asecvtsd t6e foe~ofn~ ~t,
ud ~cknnwbdasd bdore me ibat ~.h~.Y.. siecuted ths wme !or ths p~upose~ tharein s~res~sd.
wi~ss ~y b.na .na orr~;.~ .e.i cei. J 9~ a.~ oc D~eFm~~~ ~ n
~ N Public tn atd tOt:
U R ''j chs Counc~ and 8t~te /?taew~fd. ~
. 60GK FAGE 1 ~ ~y oomxai.~ion a~pin~ /c~ 11+5'~~G "O
. ,
~
. . . . , r z