HomeMy WebLinkAbout0435 Tfut l~) tn th~ ~vent ot any Dr~a~ ot tAia mortR~~ or d~(ault on the part of t!?e ~to~t~a~or, or Ib~ te
th~ ~vent any ot ~aid auma ot monev hsran ~ef~ned to pe not p~omptly and (ully paid w~[hin ten daya esst
attet the iame iever~Uy become due and payable, v?~tAout demand or not~c~•, or ~c1 in the e~•ent eacA and ev~ry
th~ ~t~putattons, asnements. cond~t~ons and cavenantt o[ said prom,uo~y r..,te and th?a murl~a~e, any or elthe~,
an not duly. promptly and tully perto~med, diuharged, exccuted, et[ecte.l, completed, compl~ed wtith and ab~dM
py. then~ ~a e1:M~ or any such ev~nt. the sa~d ~~reRatc aum m.~nt~one.i cn sa~d p~om~ssory note then remauun~
unp~~d, with ?ntr~est acc~ued, and all money~ secwed h.reby, afwil beconie due and payable torthwith, or there-
atter. ~t the option ot sa?d Mort~ages, as [Wlr and comptctcly u ~t all o( the sa?d ~un~s ot money w~~a ori~inally
~t~pulsted to be pai~ on auch day, anythfn~ ?n sa~d pronuasory note, and or in th~a mort~a~e to tM contrary not-
wltlutandins; and theceupon or thsnattar at th~ opt~r~a ot sa~d 1?Iortgagee, a•~thout not~ce or demand. ault at
l~w or in eqWty, th~nWfore. or thcr~attet Oa~un, may D~ prosecuted as it atl moneya ~tcured herepy dad matu»d
prior to it~ inaUtutloa
7. That tn th~ evtstt that at tM Degiruut~ ot or at any ttme pendmg uny auit upon thii n~o.C.sa~h or to
toreciose it, o~ W reform ft, ~nd~or to entorq payment ot any cl~,ma hereund~r, aaid Mort~e~ shall apply
to the court havins ie~rlsdictloa thareot for t1~e appouument ot a Rece,ver, such court ahall torthwith appofnt
a Receiver ot sald mortgaged property all and siaaular. lnclud~ng all and s,ngutar the rent~, Incane, pmt~ta.
Wues and nvenua t~om whatr~er source denvcd, eR;h and every ot w•h,ch, it be~ng expresaly undentood, U
he~eby mortgaged as it ~peNtically set torth and descnGed in the Rr:~nt?ng and haDendum clausea hersof. at~d
wch Receiver sAall have W the broad and etfect~~e funct~~rts and ,,~,~~~~rs ,n xny~nse entnuted by • court
to a Receiver, and auch ap~+ointm~nt shall be made by such cvurt as an admitted equtty and a rrutter ot ab-
~olut~ risht to sald I?[ortpgee, and without reterence to the adeyuacy or Inadequacy o[ the valu~ of th~ prop-
~rty mort~ased or to tht aolveney or insolvency ot pid Atortgagor and ~or of the defendatfta, uld that ~uch
rvnta, prolit~. income, issues and re~~enuea ~hall bc a~~plied by iuch Receiver aceotdln` to the lf~n and/or equfty
of wfd litoctrasee and the practice of such court
8. lt is understood and agreed that th?s mortgage is Rive~ to secure, in add~uon to the note or cbl~gation
above described any additional loa future advances made w~thin twenty years from date hercut by the
morigagee to ~a~d mortgagors or any r in title ot said mortgagocs ot the property hereby conveyed;
provided that the total unpa~d balance ~ he ~ndebtedness secured hereby ~t any one time u~ ut exceed
therr~ax ~r cipal amount ot'i`~D1 '~!~jJSIlND FIYB HUNDRSD & EIQiTY ~~U~ Dollars
IV V~ . plus interest ther6~i'f and any d~sbursements made by the mortgagee tor the Nay- •
ment o~ taxes, leviec or insurance on the prope~encumbered hereby, with interest on such d~sburse~nents.
II~I W1TN!'.S3 WHLrRLrOi'~.t~e said YoK~ator ~~ecuted this mo~ase under ~eal on the day and yeu
herein fis~t ~Dov~ writtea ; ,
3f~ned, iealed and deUvered tn the pre~iqqqe ot: ~ -
_ ~ r<~ ~t~~
. C. ' ~
r ~e~ - - r ~ ` : (s~,)
.
~ l ~..i \ t ~l , ; (s~,)
DAVisort
srwTa oR.~Z~RI~B_._. ~
a -
COUN'1'Y OF---ST-.. LI~IE._.. {
. W. Gordon Davison and Jean Davison, his wife
Heror~ m~ par~oi+a117 •PP~ar~.._..______.-__
' _.~of 44 Stubbs Driv_e~._Apt._507~_.i~illowdale, Ontario Canada
~ to me well known and knov~+n to me to he the ind~v~dual g descnbM in aad who eaecuted ths tote~olA~ las~r~t-
~ men~ aad acknowledsed before me that t.he_~ e:ecuted t!u same tor the purposes tr~re~n ezprN~sd.
~ wrrx~ss .na ornu.i .~ai u~,.~._.29th_----~ A~ril...-••.-----. ia_.76.
~ ~~~36 ~Q.~.~,J
~ ~Q 0 pE i a arse~C ` • A . -
~ =~1~1C1E ~~~i~ -
ItOCE~ b~~~S Noiarp PubLc in aad tot M~~~ .
CIfRK CiFGU1T CQU ~ CO~ty and 8tate Atoreaatd. ~
~ i9~~
r,~~ ~ IFIEO Commta~ioR expinr. l~tZ•~ r°/
~ STATE OF._. FI~tILlA ~
.
i
~ oF.:sT. w~E_--...--~-.---- ffe 78 a~~
~
Betor~ me PenonallY aPPu~------•---~-
and .f.___.__._.._._~......___.. W m~ w~ll lwown aad
kr~own Lo me W bs tbe..:_..._.._.._.__.._------_..Pc+~dent aab__._...________.._..._._._.__....:_._..-•--••---..._...----•---..._ B~cr+tar~
respectively ot ..__..r~._~._ th~ corpontloa
~ nam~d ta the loraotn~ ia~tnim~n~ aad knoan W me to be th~ par~on~ wlio as sucb oMcer~ ot ~aid corpontio0.
~
ex~cnted the same: anA thea aad th~rr t!a said••-•------•---._r_.~---- ..............•-•---......._.aad th~ sa1
,
~ ........................~_..~._._.....__w. . ._...dld ~cknowl~e b~tot~ me that ~ald
~
~ instrument ti the tree act and deb of s~id corponti~ b~ them resp~ctlvelp ex~cuted a~ sncn ofAc~ra for tM
- Purpwea th~rein acprewd: that th~ sea! thereunto attachcd 1~ t!u corPont~ ~eal b~ them tn llk~ capulty af-
ilued; W undsr authosity Uf tMm dulr'~~ted by tb~ Board ot Dtrectors oi sald oorporaUon.
~
~ '
~ WTl'Nt.98 wy hand aaA a[lfcW Nal thti_....-----.--- ._d~7 d.__..__._.._......_ ................._._.__..__y 19.._~
~
~ - Notary PubUc In ~a tor
~ tJ~ Oountp aaA.Btat~ Atorwid.
~ li[~r oomaiU~loa ~P~r+~.
~ .
~
~
~
~
~ EJRK~V~+ PAGE ~~7 i
~
x µ ~ _ _ _r - _ , _ . t w