HomeMy WebLinkAbout1518 t
A. That lal In the event of any breach of this mortgage or default on the part of the 1?fortgagor, or lbl to
the event any of aid sums of money herein referred to M not promptly and fully paid within ten days next
after the name severally become due and payable. without demand or nonce, or ~ c 1 to the event each and tvery
the sttpulattons, agreements. condtttons and covenants o! and prom~ssnty n•~te and th?s mortgage, any or either,
an not duly. promptly and fully performed. discharged, executed. effected, completed, complied with and abided ~
4
by, then, to either or any such event. the saJ aggregate sum m~~ntiened in said promissory note then remaining
unptid, with interest accrued, and ail moneys secured h.~reby. shall becunt~ due and payable forthwith, or thus-
atler. at the option of said Mortgagee, as fully and completely as if all of the said sums of money win oripnally
stipulated to be paid on ouch day, anything in utd promissory Here, and or to this nterigage to the contrary not- ;
withstanding; and thereupon or thereafter at the option of said btort~agee, ~~•ithout nonce or demand, Ault at
law or to equity, theretofore. or thereafter begun, may be prosecute) as i[ all moneys secured hereby had matured
prior to its institution -
7. That 1n the event that at the beginning of or at any time pending any suit upon this mortgagt, or to
foreclose it, or to reform it. and/or to enforce payment of any claims hereunder, aatd Mortgagee shall apply
to the court having jurisdiction thereof for the appointmenC 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.
blues and revenues from whatever source derived, ea.•h and every c.f which, it brmR expressly understood, !a
hereby mortgaged as it specifically set forth and deacrit:ed in the Rr:inting and habendum clauses Rereot, and
such Receiver shall have all the broad and effective tunctiens and 1,~~~.,•is in iinvwise entrusted. by a court
to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter of ab- ;
solute right to said 1loetgsgea and without reference to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency of wiAli sob Bauch Receiver accohrdlnetto thetllen nand ort uth !
rents, profits. Income. issues and re~•enues shall t?e app ' y g Mti y
of said ytortsagee and the Practice of such court.
above descri ' -real loans or future advances made within twenty years from date hereof by the
mortgagee to paid mortgagors r in title of said mortgagors of the property hereby conveyed;
provided that the total unpaid balance o ness secured hereby at any one time shall not exceed
the maximum principal amount of Dollars
i= plus interest thereon and any disbursements m mortgagee for the pay-
ment of taxes; levies or insurance on the property encumbered hereby. with interest on cements.
IId WITNESS giHEREOF, the said lifortgagor has executed this mortgage under Beal on the day and yeti
henin.first above wrtttm
Signed, sealed and~'dje/UJvered in the resence ot:
r-.r.....~iG-.~------ ~ 1
Jack F. W i son r
M Beret S. Wilson
-
STATLr OF...----... F'L9~II2~1..-----_...
courrrY oF..-....MARTIN-. r` _
JACK F. WILSON._and_-MARGAR~'~._~.,_.W.~,~i,
Refon me paraonally-aPPeared
-
h.~s..~v~fe...--------------___...----.....___..___.--------------
•to.ma welllutown and known to me to he the individual-.~ described in and who executed the foregoing lnstru• -
-;me~~ yid acluiowledged be[ore ms that .tha.3Z executed the same for the purposes thereat expressed. -
. - 9
M lg
- , - . -W1~NgSg my hand and official seal this......_.....---.day ot..~.._....._r..
ay_
_ ~7_
_
otary PubUe and for---
3 - -
'-5 the County and State Afores4ld.
' ` 6
~ j - My commission expires:
CO OF..._ ..........................__....~ss.
E 1
Before nonWy appeared ...._.._.._...._......_......._......r......_......----_.....--------
and._.....- 4 me well kaowa sad
~ ._...-•-•---•----President and......._..___......_.._......_ 8ecntatT
known to me W bs We------......._-- .
the corporation
respeMlvely of
named in the foregoing inat.rument, and known me to be the parsons who Y aUC~i offlcen of said torpontloa.
.sad the said
executed the same; sad then and than the uld
_.......__dW ackriowledg~ before me that calf!
tnstrument Is the free set. and deed of said corpontlon by them rea executed w such oMart for the
tbcM
~a11 under~wthorin
tmy~in them duly ated by
the a8oardeodt Dlrecton of m pia ~ fa Uke capacity at-
19.._._
wiTN1:9s my hand sad ostlclal seal tltia............___._~--...day ot..._..----._
Notary PubUi: fn and for
the County and 944 Atoresatd. .
1979 t~nY -9 ~1 2~ 38 xy comat4don ezplra:
~11E0 ~ TY~``A.
~~~+,~~~~~TR115
Cd
~G~~3U8 ,A~~1518
~ a~~~
-~~4 - -