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shall have the optan to receive and apply the acme on account of the indebtedness secured hereby a< to permit
said Mortgagor to receive and ass it or any part thereof for other purposes without theroby waiving err impairing
any equity, lien or right under or by virtue of this mortgage; and in the event acid Mortgagor shall for any reason
tall to keep the said promises eo insured, or tail to deliver promptly any of said policies of taaurat?oe to said
Mortgages. or fail promptly to pay fully any premium therefor, or in any respect fail to perform, discharge,
e:cute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortgagee may place and
pay tar such insurance or any part thereof without waiving or affecting any option, lien, equity or right under or by
virtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable
and shall bear interest from the date thereof until paid at the rote of ten per ceatum per annum and together with
such interest ahaU be secured by the lien of this mortgage.
To permit, rnmmit of suffer no waste, impairment or deterioration of said property or any part theroof.
S. To pay all and singular the coats, charp~ea and expenses, including reasonable lawyer's tees and coat of
abstracts of title, incurred or paid et• any time by said Mortgagee because andior in the event of the fsiture on the
part of the said Mortgagor to duly, promptly and fully perform, diechuge. execute, affect, complete, comply with
and abide by each and every the etipuLtions, agreements, conditions and covenants of said promissory note, and
this mortgage. any or either, and said costs, chergee and ezpenses, each end every, shall be immediately due and
payable, whether or not there be notice, demand, attempt to collect or suit pending: and the full amount of each
and every such payment shall bear interest from the date thereof unt~7 paid at the rate of ten per centum per
annum; and all said costs, charges and expenses so incurred or paid, together with such interest, shall be secured by
the lien of this mortgage.
6. That lal m the event of any breach of this mortgage or default on the part of the Mortgagor, or Ibl in the
• event any of said soma of money herein roferred to bs not promptly and fully paid within ten days nest after the
same severally become due and payable, without demand or notice, or lcl in the event each and every the stitutlations,
agreements, .conditions and rnveaants of said promissory note and this mortgage, any or either, aro not duly,
promptly and fully performed. discharged. ezecuted, effected, completed, complied with end abided by, then, in either
or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest
accrued. and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said
Mortgagee, as fully and completely as if all of the said Bums of twmey- were originally stipuLted to be paid on
such day, anything in said promissory note: and or in this mortgage to :he contrary notwithstanding and
thereupon or thereafter at the option of acid Mortgagee, without notice or demand, suit at law or in equity,
theretofore, or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior W its
institution.
T. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to for+ecksse
it, or to reform it, and/or to enforce payment of any c4ims hereunder, said lldartgages shall apply to the court
having jurisdiction thereof for the appointment of a Receiver, such rnurt 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 every of which, it being ezpreasly understood ie hereby mortgaged ere H
specifically set forth and described in the ftranting sad habendum clauses hereof, and such Receiver shall have
all the broad and effective functions and powers in anywise entrusted by • court to a Receiver, and such appointment
shall be made by such court as an admitted equity and a matter of absolute ziQl,t to said Mortgagee, and without
reference to the adequacy or inadequacy of the value of the property mortgaged or to the eolventy or insolvency
r of said Mortgagor and/or of the defendants, and that such rents, pro6ta, income, issues and revenues shall be applied
by each Receiver according to the lain and~'or equity of said Mortgagee and the practice of such court.
a
r 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation
above described any additional loans a future advances made within twenty years from date hereof by the mortgagee
~ w said mortgagors or any successor in title of said mortgagors of the property heroby ~nveyed: provided that the
total unpaid balance of the indebtedness secured heroby at any one time shall not ezceed the mazimum principal
~ amount of EIGHT THOUSA(~D FIVE HUNDRED (8,500.00
1 If 1. plus interest thereon and any bureemente made by the mortgagee for the payment o to:es. levies or insurance
on the property encumbered heroby, with interest on such diebureemeats.
l IN WITNESS WHEREOF, the said Mortgagor here ezecuted this mortgage ender Beal on the day and year herein
x
first above written.
Signed, sealed and delivered in the presence of: ~
ISEAL)
. ~ ~ gar a ~f ~ , ISEALI
i
anty S. on
STATE OF X~X~~ Teg~lessee
}
COUNTY OF ~(k~~ /l~~X
Befaro me personany.ppeand M.W. Egerton, Jr. and Nancy S. Egerton, his wife of 1301
E
beacon Hill Lane, Knoxv111e, TN. 37919
i
to me well known sad known to ms to bs tbs individual.S described is and who e:ewted the f
oregoing inst:ament, -
and acknowledged bsforo me that :tbs. ezecuted the same for the quposee theroin espreasd. ~ ~ ~
~ WITNE33 my hand and official seal this day of 19~'~s~ ` ~
. Notary Public in and fcj~s:e ~:ti: w=~,'_ ~
Q R the County and 3tats A~ `
eU~~ 310 ~~~~:1170 My cammi~laa aspires: - - ~
. ~~..,r..~_ - .
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