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HomeMy WebLinkAbout1671 t 6. That (a) in the event of any breach of this mortgage-or default on the part of the Mortgagor. or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within ten days next after the same severally be• i tome due and payable, without demand or notice. or (c) In the event each and every the stipulations, agreemenu, conditions and covenant: of said pmmitsory note and this mortgage. any or either. art not duly. promptly and [ully per[otmed, dis• charged. executed. effected. completed, complied with and abided by. then. in either or any utth event, the said aggregate sum mentioned in said pranissory note then remaining unpaid, with interest accreted, and all moneys secured hereby. shall become due and payable forthwith. or thereafter. at the option of said Mortgagee. u fuU and completely u IE aU of the said sums of moaq were ociginslly sdpulated to be paid on sudt day. scything in aid promissory note. sad/a to this mort- gage to the conenry notwithstanding: and thereupon or therea[ter at the option of said 1?fortgagee. without notice or do- mand. suit at law or in equity, thereto[ore. or thereafter begun. may bt prosecuted as it all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to foreclose it. or to reform it, and/or to taforoe payment of any claims hereunder, said llfortgagee shall apply to the court having jurisdiction thereo[ for the appointment of a Receiver, such court shall forthwith 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, each and t every o[ which, it being txpressly understood, is hereby mortgaged as it specitially set forth and described in the granting ' and habendum clauses hereof. and wch Receiver shall have all the broad and effective functions and power in anywise encrusted by a court to a Receiver. and such appointment shall bt made by such court as an admitted equity and a matter of absolute right to said Mortgagee. and without reference to the adegwcy of inadequacy of the value of the property mort- gaged or to the solvency or insolvency of said :Mortgagor and/or of the defendants. and that wch rents. profits, income, is- sues and revenues shall be applied by such Receivtr according to the lien and/or equity of said I?iortgagee and the practice of such court. R. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation above de- scribed any additional loans or future advances made within twenty yeah from date hereof by the mortgagte to said mortga- gors or anysuccessor in title o[ acid mortgagors of the property hereby conveyed: provided that the total unpaid balance of the indebtedness secured hereby at any one -time shall not txceed the maximum principal amount o[ - Dollar (i----------------------=- ---_-__-).plus intereu thereon and any disbursements made by the mortgagee [or the payment of taxes, levies or inwnnce on the property encumbered hereby. with interest on such disbursements. IN WITNESS WHEREOF, the said Mortgagor hu executed this mortgage under seal on the day and year htrein first a 'teen. ign 1 and delivered in t ptrse ce o[: - - - - jg8 8 _ ~ _ ~`y ~ . ~SBAL) - ~ 8II1S - STATE OF _-F~QI~LIa-------- COUNTY OF ~ ~,-'B~[ore- me personally appeared GBOR~~A,__~-_~Sl~_~.LBN__M._KI+I~A..- -~118_IN~.----.--- `G `--Jti 'V i7~..w'=mss--~ : - - i• s it"ltpow and known to cot to be the individuals described in and who executed the foregoing instrument, and y? r , caged `$lfotr me these ~ hejC_ executed the same for the purposes therein expressd. - ~ . g - • ~ 0 ~ri'lv~ES~ my hand - day o[ 19 _ a • - rTe iE ill ~ ; , ~ ~ ~ _ . • A w pp Public i for - . " ~~~7~7 the County and State Ator~id. ' ' 9 P~ ' 57 ~fjr commission expires: -~Z -'y ~ 79 FE8 STATE OF - - ss. J~ COUNTY OF --------------~---:-----~J ~ . ; _ . Be[ore me personally appdateH ~IYi. x~ i2 ~ l;! i _ C 0 U n-! and , to me well known and known to me to be the President and Secretary respectively of - ,the corporation named in the foregoing instrument, and known to ttte to be the persons who as such o[ficen of said corporation, executed j the same: and then and there the said and the said did acknowledge before me that said - instrument is the free act and deed o[ said corporation by them respectively executed as such officers for the purposes there- s in expressed; that the seal thereunto attached is the corporate seal by them in like capacity affixed; all under authority in them duly vested by the Board of Director of said corporation. - WITNESS my hand and official seal this day of - - - . 19 . Notary Public in and for the County and State A[oresaid. # My commission expires: 0R - g00K303 PAG~1V~ s Y - ~~.;r II ~ , 3 - 'k