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HomeMy WebLinkAbout1130 6. That (al la the went of any breach of thta mortgage or default on the part of the I?tortgaRor, or tbl to the event any of old sums of money herein referred to be not promptly and tally pad w?thin ten days next after the same severally become due and payable, without demand or not?ce, or ?ci in the event each and every the st?pulations. agreements, cond?tions and covenants of sq?d• prom~sso?y note and th?s mortgage, any or either, ue not duly. promptly and fully performed, discharged, executed, effected, completed, complied with and ab?ded by. then, in either or any such event. the aid aggregate sum mrnt?oned ,n said promissory note then rema?rung unpa?d, with interest accrued, and all moneys secured h.•reby, shall become due and payable forthwith, or there- after. at the option of said Mortgagee, as fully and completely as it all o[ the said sums of money were originally stipulated to be paid on ouch day, anything in sa?d promissory note, and • or in this mortgage to the contruy not- withstanding; and thereupon or thereafter at the option of said 1?tortgagee, without notice or demand. suit at law or in equity. theretofore, or thereafter begun, may be prwecuted as it all moneys secured hereby had matured prior to its institution. Z. That in the event that at the beginning of or at any time pending any suit upon fhb mor•$age. or to foreclose it. or to reform It, sad/or to enforce payment of any claims hereunder, said Mortgages shall apply to the court having ~urtadlctlon thereof for the appointment of a Receiver, such court shall forthwith appoint • Receiver of said mortgaged property all and singular. including all and singulu the rents, income. profits. issues and revenues from whatever source derived, ea.h and every of which, it being expressly understood. b hereby mortgaged as if specifically set forth and described in the Rr;,nt?ng and habendum clauses hereof. and such Receiver shall have all the broad and effective functions and I,uw•ers in anywise entrusted by a court to a Receiver. and such appointment shall be made by such court as an admitted equity and • matter of ab• solute right to Bald Mortgagee, and without reference to the adequacy or inadequacy of the value o! the prop- erty mortgaged or to the solvency or Insolvency of said MortRaAor and for of the defendants, and that such rents. profib, Income, issues and re~-enues shall be applied by such Receiver according to the lien and/or equity of said >t[ortgagee and the practice of such court. IN WITNESS WHEREOF, the said >rtortgagor has executed fhb mortgage under seal on the dsy and yea herein first above writ 81ga sled and de e ~ to the presence of: JO N O SON BUILDERS, INC. !~!Lt ~ L K. J SON, Pres., . ATTEST: ~ (CORPORATE S.k7 GJ ecretar r4 - c_ ~ : ~~~v . - tom- O~ - STATE OF__......._._ : ~ , l; ~ _ - i COUNTY OF..---•-- ~ . Before fns personally appearod.. to me well known and known to me to he the individual.--. described in and who executed the foregoing inatru- ment, and acknowledged before me that ....he-... executed the name [or the purposes therein expressed. WITNESS my hand and of[lclal seal this ..................._...._..dsy of--_-•---..._...._.................._......_.._.........., lp..._.... Notary Public in sad for the County and State Aforesaid. F ~ My commission expires: ! srwTE ozr......---.k'~QRi~?,P1..---------- covNTY of..._..Ad,ARTIN._._..._.__--•--- Before me personally appeared---------•-•-•-LYNN K..__JOHNSON and ..........................WILLIAM W_:_ JOHNSON._.._..__ _ to ms weII known sad known to ms to be the..........._.._..--•--.._.._..-...Pseaideat euid-_.__.._-__.-.._:._.._.._........._._......_......__.__...._._._ Seentary ~ respectively otJO~iN$O..N-,.~ND.-JOHN90N--_BUILDERS~INC.-~___~-••.-•--••_•-.-..,_.•_--•---_, ~e corporation named in the foregoing instrument. sad known to me to be the perrons who v such officsss o[ said corpontloa, .....w.......-- • executed the same; sad than and then the said---....---_---•-• LYNN._Ka....JOHNSON ..and the said WILLIAM W a,. JOHNSON .__dld acknowledge boron me that said a tnstrument /s the tree set sad deed. of said corpontlon by them respectively executed u such oMcen for Ns purposes therein expressed; that the seal thereunto attached b the eorponts anal by them !a like capacity af- fixed;Wunder wihorlty !n them dtJy vested by the Board of Directors of old corpontlon. Ma ~ WITNE$8 my hand sad official seal this.---- 2 ~a .----....dsy ot....._.....__.._. 197 r - 3 -~1,-~•~•~~.`'a7 - the C~otint buaada Lad Afo _ Y~. ~ Y ; _ l[y oomntlsaloa e:p ~ 1 :1; s • ii - liptit~ IIM+iC STAR ~ 11~»gA AT t/?~a>i 1 " • • ' { , Mr GOiAAM1~fOM OMB M Mp ,1.~• . ~p~ Ail ~ItL 116. i~iMRIT~ ~,-ill 4 _ _ - _ - ~ ~ _ : - s..