HomeMy WebLinkAbout2752 A. That (al In the event of any brew of this mortgage or de[ault on the part of the 1?fortga o , or Ib? to
the event any of said sums of money hereUt referred W be not promptly and fully pa?d within t~?~/a next
after the same severally become due and payable, without demand or nonce, or ?cl in the event each and every
the at~pulations, agreements, conditions and covenants of s.•ud prom,sso~y note and this nerrtgage. any or either.
are not duly, promptly snd fully performed, discharged, executed. e[fected, completed, complied with and abided
by, then, to either or any such event, the said aggregate sum mentioned ~n said promissory note then rema,rung
unpaid, with interest accrued, and al! moneys secured hereby, shall become due and payable forthwith, or there-
after. at the option of said Mortgagee. as lolly and completely as it all of the aa~d sums of money were originally
stipulated to M paid on such day, anything in said promissory note, and • or in this mortgage to the contrary not-
w?thstanding; and thereupon or thereafter at the option of said Mortgagee. ~~ithout not,ce or demand, suit at
law or in equity. theretofore. or thereafter begun. may be prosecuted as ~t all moneys secured hereby had matured
prior W Its institution. -
7. That In the event that at the beglnaing of or st any time pending any suit upon this morigags, or to .
foreclose lt. or to reform !t, and/or to enforw payment of any claims hereunder. said Mortgagee ahW apply
to the court having jurisdiction thereof .tor the appoittment of a Receiver, such court shall forthwlU appoint
a Receiver of said mortgaged property all and singular. including all and singular the rents. income, profits.
issues and revenues from whatever source derived, ea.:h and eery of which, it being expressly understood. is
hereby mortgaged u if specifically set forth and described in the grsuttu,g and habendum cle?uses hereof, and
such Receiver ahW have W the broad and et[ective tuneti~ns and i,a~eers in anywise entrusted by a court
to a Receiver, and such appointment shall be made by such court as an admitted equity and a mattes of ab-
eolute right to said Mortgagee, and without reference to the adequacy or Inadequacy of .the value of the prop-
erty mort or to the solvency or Insolvency of said Mortgagor and~or of the defendants. and that such
rents, profits. Income, issues and re~enuea ahW be applied by each Receiver according to the Ilan and/or equity
of said >t[ostgagee and flu practla of such court.
,!i above descri ns or future advances made within twenty years from date hereof by the
mortgagee to said mortgagors or an itle of said mortgagors of the- property hereby conveyed•
provided that the total unpaid balance of the in hereby at any one time shall not exceed
e maximum principal amount of Dollars
~j J~ ~ disb m e by the mo e pay-
` or ? ranee on a prope y encu ,
II1 VVTPN6SS WHLrRaOF, the Bald Lortgagor has executed thin mortgage under seal on the day and year
• herein first above wrtttea.
cd deliv in the p of:
8TATE OF._
}1 sa
COUNTY OF.......~'IN..........--•--......
Before me psrsonally appeared.---.~~..~..__~._~i..p,...~~...,.;Y._.....
to me well known and known to me to be the Individual..X described in sad who executdt1c1j10 «ttQ~Q~s~~g'om6'i~t~-"
ment, and acknowledged before me that .~l?ey. executed the same for the purposes therein ex~re~sed.,oo .
~ wrrNls3 my hand and official seal this........! L dry of._____. r
Notary Public in sad for
the County sad Statb Aforesaid.
~ My commission expires: ? '7
fiTATE. OF as. s/ ~ l I
COUNTY OF
Betors me Personally appeared
and to ms well known sad
known to me to bs ---._.._.._......_.._.._..._...Prasldent and...........___.._. Secretary
respectively of the corporation
named in the foregoing instrumeat, d known to me to ife the perwns who a. cb ofticere of said corporation.
»__.._-----._.......aad the said
ex the same; and then sad there said......._.........~---.__.._.._.
.._..dtd acknowl before me that Bald
instrument is the act sad deed of said corpora n by them- respectively executed as otdoere for the
purposes therein ex :that the seal thereunto tacked V the corporate seal by them to capacity at-
fixed:Wunder authorl them duly vested by file of Directors of said corporation.
s
? WTPI~iS88 my hand OLttcial seal thls_.......... ._day ot Iti..,»
~ t;
g No - Public fn and. for
the and State Aforesatd-
Hy ooma>wfon e:p?res:
t
UP.
E~oK 301 PA~E2747
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