HomeMy WebLinkAbout2723 d. Ttut laI to tM event o! any breach of fhb mortgage or default on the part of the 1?fortgagor, or Ib1 to
the event any of said sacra of money berets referred w be not promptly and hilly pard within tee days next
after the same severally become due snsf payable. without demand or nonce, or ~c) in the event each and every
the stapulauons, agreements, conditions Bpd covenants of said promissory note and this mortgage, any or either.
are not duly, promptly and fully performed. disr:harged, executed, effecte.f. completed, complied with and abided
Dy, then, in either or any such event. tM sad aggregate sum mrntroaed ~n sa,d promissory note then remarrung
unpaid, with interest accrued. and W moneys secured hereby, shall become due and payable forthwith, or them
after, at the option of said Mortgagee, as fully and completely as it all of the u:d sums of money were originally
stipulated to M paid on such day, anything in said promissory note, an~f • or in this mortgage to the contrary not-
wrthstanding; and thereupon or thereafter at the option of said 1?fortgagee, without notice or demand. suit at
law or in equity. tberetoforer or thereafter begun may be prosecuted as if all moneys secured hereby had matured
pelor to lb insUtutioa
7. That In the evmit that at tM beginning of or at any wne pending any salt upon fhb mortgage. or to
foraclosB it, or W reform It. and/or to enforce payment o! any clams hereunder, said Mortgagee ahW apply
to the court having iurisdictlon thereof for the appointment of a Receiver, such court shW forthwith appoint
a Receiver of said mortgaged property all and singular. including atl rend singular the rents. Income, proiita.
issues and revenues imm whatever source derived, each and every of which, it being expressly understood, b
hereby mortgaged as It specifically set forth and described in the Rrunting and habcndum clauses hereof. and
such Receiver BhW have W the broad and effective fugctions and pu~~•ers in anywise entreated by a court
to a Receiver, and such appointment shall be made Dy such court as an admitted equity and a matter of ab-
solute right to said Mortgagee, and without reference to the adequacy or inadequacy of the value of the prop-
erty mor<[agM or to the solvency or insolvency of said Mortgagor andior of the dafendanta, and that such
rents. pro ts. income, issues and revenues shall be applied by such Receiver according to the ilea and/or equity
of said Mortgagee and the pracuos of such court.
above additional loans or future advances made within twenty years from date hereof by the
mortgagee to paid mo an successor in title of said mortgagors of the property hereby conveyed;
provided that the total unpaid ba an ebtedness secured hereby at any one time shall not exceed
the maximum principal amount of Dollars
plus interest thereon and any disbursements ma a for the pay-
1N WITNESS WIiERSOIr, the Wd Mortgagor has executed this mortgage under seal on the day and year
herein first above written .
Signed, sealed and delivered in the presence ot:
ha es E. Shep rd
sTwTa og.....»..FT.QBIDA......_........
courrrY oi*.....MABTIIti -
Before me personally appeared...».._....»r'HART.FQ..-E.....$HEP.HERLl____».._._.._._......»..---
.
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to me well known and known to me to he the indivic~ual._.. described in and who executed the forego lrstrii-~'••
ment, and acknowledged before me that ._.he.... executed the same for the purposes therein expressed..
- _
WITDTES3 my hand and offlclal seal this ._.»....day of_....__.._.~~---
~ ^ . ? -
Notary Public In sad for ' i' . ~ ~ q
the County sad State Aforesaid.
My commission expires:
~ BTwTE oF 3 ~ ~ ~ .
o~
Before me personally appcared
and..».. __......».._.~.__.._...._...._»........f W ma wall known sad
known tom be the....--•--.__._.._._............» ant and...._.._..._....._.._.._.._._~...._._.._.._.»_.._... 8ecratsry
respectively ot _ the corponuoa
named in the forego 17utriim~at, and kaowa W me to b the ps»ons wbo Y sorb officers of corporation.
executed the same;- sad sad there the Bald...........»_....~..._ tta Wd
~ did acknowrledgs before me t Bald
instrument U the tree act sad of said corpontlon by them rea vely executed u Bach offlcen fo the
purposes Nerain expreBSed• that Beal thereunto attached b the rats seal by tbam to like capacity at-
- llxed:Wunder authority lif them voted by the Board of DlrectorB Wd corporation.
Y
j ol/TPPT>cS8 my hand sad oMcW this..._....... ..day ot i>a.._.__
• •"S RECOr~DED
t ^ , ~ „ ^ Z1 3 v ~ i.:.. Notary Public to d for
~ . •'+~•=s: xt+f the (.oiasty and State Aforwald. ,
a-•~+•~ .n:^~~w My oomaiisBloa expires:
~:~1, 431~3t36 39 ~ ~r
a 9 • c~~
~L_ ~ K C'. ~ ; BQRKJlJ1 PACE2718
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