HomeMy WebLinkAbout1836 fi. 'that (a) in the csent of any breach of this mortgage or default uu the part the ~tortgal;ur, ur (b? in the rscm any
of wid sums of money herein referred to Ire not promptly and fully paid within _f
~ dals ucxt after the same sescralh Lt• i
come due and payable, vvithow demand or notice, or (c) in the event each and e•vrn• the stipulations, at;re?•mema, r?uditimu
and covenants of said promissory note and this mortgage, any or either, arc not dull, prc?mptl~ and tulle performed. dis- -
chnrged, executed, effected, completed, complied with and abided by, then. in either or any such event. the wid a~grel;ate
sum mentioned in said promiuory note then remaining unpaid, with interest accnu•d, and all moneys secured hereby, .hall
became due and payable forthwith, or thereafter, at the option of said ~lortgaget. as full and completely as if all of the
said sums o[ money were originally stipulated to be paid on such day. anything in said promissory note, and/or in this more
Rant to the contrary uotwithstandinR; and thertul?on or thcrtaltcr at the option nl said \InnRagcc, without notice or dc• j
mantl, suit at law or in equity, theretofore, or thereafter beRttn, may bt pn?srcuted as if all moneys secured hereby had
matured prior to its institution.
7. 't'hat in the event that at the beginning of or at any time pending am• suit ulxrn this mnrtl;a~e, nr to foreclose it. or
to reform it, andJor to enforce payment of any claims hereunder. said Stortg:tl;ee shall appl~• to tl?t court It:?vi??g juri~cliction
thereof for the appointment of a Receiver, such court shall forthwith appruut a Receiver of c?id mortgaG~d pr.~peny all and
singular, includiaR all and singular the rents- income, profits, issues and revenues from whateser v?urce derived, each and
every of which. it bring expresly understoc?rl, is hereby mortRaKed as if specifically set forth and descriled in the granting
and habendum clauses hereof, and such Receiver sl?all have all the broad and effective fw?ciions and powers in anywise
entrusted Ay a court to a Receiver, and such appointment shall bt made by suth court as an admittttl ceptity and a matter of
absolute right to said \IortRaRet, and without reference to the adequacy or inadequat~• of the salve of the nrnpem mort-
{;a~tYl or to the s<rlvency or insohency of slid \lortgaKor and/or of the defcndams, and th:u such rcnt~. pn?fi;s. imnmr, i•-
sues and revenues shall be applied by wch Receiver according to the lien and (or equity of s:?id Slortgagcr and the practice
o[ such court.
8. The lien of this mortgage shall be subordinate to the lien of a
nceortgage given to an institutional lender within twelve months from date
hereof to secure a loan to assist in paying for improvements on the lands
encumbered by this mortgage including a reasonable loan fee. The term
"institutional lender" shall include banks, savings and loan associations,
insurance companies, real estate investment trusts and their loan corresp-
ondents and any corporation that is an FHA approved mortgagee. Mortgagee
reserves the right to approve plans for any bui,ldine~s and landscaping
upon the mortgaged property.
I\ l\'ITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the da~• and year herein first
above written.
gne ,seal a ^ delivered n t resence of: ~ , 1
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STATE OF FI,CtRIQ~------------ -
MARTIN ~ ss. _~J~,:.;:.; ~
COUNTY OF - - - - • o ° ~ . ~ ti
Before me personally appeared ------__)?AT~ V • COLEAN SAa _~RLENE 1`i. GOLFAN.?--his =LY1~e 1 51;.. ~ '
o t/'.'~
.s ~ .
to me well know and known to me to be the individual described in and who executed the fore if1 nt: atu~ -
. , . -
acknowledged before-cot that he._ executed the same for the purposes therein expressd. •,~ig•_,•,
kVIT:~ESS my land and official seal this -.~1_... day o[ __~i
.aIIklary.;_~.. t~~!•9.
~t ~c~D i• CORDED. ~~~~+L~~b~...:- - V- - - -
. r„ - - -
r
- ~ " t~ ' _ L"' \otary Public in a for
6 the (:ounty and Sta 9[Ah ]ITCl1f~E
~ fly commission expit~c~~MtSSlON EXDIRE3 our 31, 197~?
1101fDEp TAAII GENEA ~l. l!(S . L'\DEP.R'P.ITEpS
S"PATE OF tT9 f'G~~~ - -?----P~ 2 4S
4 COUA'TY OF ss• 1I~-. (Notary Seal)
Rcfore me personally appeared'-_ ~ - -
r~ - -
€ and - - ~ J . Y r - - " to me well known and
-
i
} known to cot to be the _ - _ President and - Sec rctary
respectively of - - - - - - ,the corporation
named in the foregoing instrument, and known to me to be the persons who as such officers of said corporation, executed
i the same: and thin and there the said - - and the said
- - - - - - - did acknowledge before me that said }
i
instrument is the fete act and deed of said corporation by them respectively executed as such officers for the purposes there- €
in expressed; that the seal thereunto attached is the corl?oratt seal by them in like capacity affixed: all touter authorits in
them duly vested by the Roard of Directors o[ said corporation.
WITNESS my hand and official seal this day of . 19
s
? '
i -
E 1`otary Public in and for
~o~K304 PacE1834 County and StPte Aforesaid.
Af commission tx ?rcs:
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