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HomeMy WebLinkAbout0088 ~ ~ . 45031'7 . ;9t9 .SLl. ~ , fi. E01~~ . Ct~J~L'1~ RF.COiM YFRIFt£D--~- ~haQ bave ths aption to receive ~nd apply the sRme Op ~COOtIAL ot the indebtednMS sseured Mreby or to Pecmi~ s~id Mortgasor to reeetve and use it ar ~ny put thereot fa~ otlar pueposes without tMreby watvina ar imp~i~ins any equity. Ika ae rigbt uader or by virtue ot tAie mortgags: and in tbe event said Mortg~gor shall for aqy rea~on fa~ to lce~p t.he eaid premisss so insured. o~ t~il to deUver pwmptly ~ny ot e~id poUcia ot jnwuanos to aW Mo~tga~ss, or tajl {NOmpt1Y ~ P~Y ~Y ~Y PKn"um theretor. or ia any rospect fail to periaem. discwrse. e:cute, eftect, complste. comply with and abide by thi~ covenant, or any psrt Aereot, said Moct~ges may pl~as ~nd p~y for such insuraace or ~nY Part tl~ereof withont ~ralving or aHectinq any oQtion. lien, equitr or right undst or by virtus of tltis mortB~Be. aad ths tull amount of e~ch aod everY sucA payrnent shall be immediacelY due and payable and slull beu intere~t irom the date tAereot until paid ~t tbe nte OI t,l11 FIlt Ctottiln ~T tADtl[R tOgd~~llt M~t~1 ~uch iatereat shall be secund by the lien of tl~is mortg~ge. 4. To perinit. commit or suNer no waste. impaim~ent or deteriorataa ot ~aid PropsrtY or anY P~ 5. To pay all aad aingular the coets, charges and e:penses, includin6 reason~bk la~ry~'a fees ud oost of ab~tcacts of title. inturebd or paid at• eny time by said Mortgagee bscawe and/or in the eveat oi ths failuro ~ the part of tha aaid Mortgagor to duly. promptlY and tuUr Pertorn~. diech"r6°. e:ecute, eHect. oompists. oompb witA and ~bide by e~ch aad eve*Y the etipulations. agresmente: eoaditioas and oovenanca ot said promi~~ory note. and t6i+ mortga8e• any or either. and eaid eo~ts. charges and e:penses. eaeA and every. shall be immedi~teiy d~e and P~Y~~ whether or not tbere be dotice. demand. atte~apt W coliect or auit peadinB: a~ ths tull amowit of e~ch ' and everq such p~ymsnt sA~U bear interest from the date thereot until paid ~t the nta ot ten per oe~ntum per ~nnum: and dl said coets. charges and ezpeoses so incurred or paid, together with such interost. sball bs sscured by t6e liea of this mortgaBe- 6. Th~t (al in tbe event ot any bre~ch of this mortgage or dehult on ths p~rt of . tM Mart~aaor. or Ib) in tM - event any ot said aums of moaey l~ecein referred, w bs aot promptty and tuDY P~id a?ithin tam d~ys nsst aftar tbs eams sevenlly beoome due and p~yabls, w[t6out demand or notice. or Ic) ~n t.hs aveat each and every tbs supnLtions. agreeinants. wnditions and oovsn~nts oi s~id promiesorY note and tl~is mortg~8~. any or eithar. are not duly. Pro~Y ~~Y P~~• dlsehareed. ezecuted. ettected. oompleted, oomptied with and ~bided by. theo. in eitQer or any s~~h event. the said aggregate wm m~tioned in sud promisso~rY note than remaining unpaid, witl~ inte~est ~ccrued. ~nd all moneYs secure~i hsreby. ~hall become due ~nd p~yable forchwith, or thereaftez. at the option ot said Morigages. ~e tully and oompletely. u if aU of the eaid sums of aomey ~rere orig~nally etlpulated W be p~id on such day. ~nY~~B P~~a~Y and or in this mortaage to the wntrary notwithetanding, aad thereupoa or t6ere~her at tbe o~ptia~ of ~d Mortsages, withant notioe or dau~and. sWt at 1~w or iw equity. theretotors. or there~tter begnn. may be pcwscuted as it all aaneys ~scured hereby had mahued prior to its instiWtio~. That in the event tlut at the beginning of or ~t any time pending any suit upon this awrtgags, or to torecbse it, or to reform i~ andlor to enforce p~yment of any cWms hereunder. eaid Ma:tgagee ehaU apply to the oourt luving jurisdiction t6ereof tor t6e ~ppointmaz?t ot a Receiver. snch court shall forthwit6 appoint • R~oeiver of s~id ~~8~ P~~Y ~ll and singular. iacluding dl ~nd aingulu the reats income protits. isaues and e~evenues irom whaRever souroe derived, e~eh and eve~y of which. it being ezp~ly underatood is hereby mortg~ged as it ~Ij speciScaity eet focth ~nd descr~'bed in the granting and hsbendum claueG+ hereof, and snch Receiver shaD tuve ! all the brosd a~d eHective tunctions and powrers in enywiee entru~ted by a oourt to a Receiver. ~nd auc1~ appointment ~ ehall be msde by euch court ae an admitted equity and a matter ot ebsolutc riRht to ~aid Mortgagee, and without i reference to the adequacy or inadsquacy of the value of the property mortgeKed or to the solvency or in ~ oi eaid Mortgagor and/or of the de[endanta. and that auch rents, profits. inoome. iaeues and reveauee shall be applied ~ by euch R,eceiver acoording to the kin andlor equity of said Mortgagee and tbe pnctice of such oonrt. _ ti 8. It is undentood- and a~eed that this mortgags is givea to secnre. in additien to the note o~ obligation above described any additional loane or futuro ~dvances made within twenty ye~rs from date 6ereof by tM mo~tg~gee to s~id morigagon or ~ny suecessor ia titis of wd mortga6'ors oi tbe property hersby eonveyed: provided tlLt tbe total un~id baLnce of the indebtedne~s eecurcd heroby ai any one time ehall oot ezceed the muimum principal amount ot DO~° Ii 1, plns intlrost thereon and any disbursemente made by the mortgagae for the p~yment of tazee, leviee or ineur~nce ~ on the property encumbered l~ereby. with int~est oa such diebursernec~ts. ~ IN WITNESS WHEAEOF. the eaid Mortgagor h~e e:ecuted thie mortgage under seal on the day aad ye~ur l~erein ~ first ~bove written. ~ Signed. ~ealed and delivered in the preaence of: ~ Robert Grant - ~ ts~n,t~t • . . , ~ STw7~E oF~? Mas ~chusetts ~ - n ~pU~•y pg ~ Barnstable ~ Robert Grant of 144 Elm Street, Westfield, ~ Before me persoaallY ~PP~~ ~ Massachusetts 01085 y ~ ~ ~ to ms wdl Icnowa and lma~m to ms to be ths individuaL.. de~a~ibsd 'm aod wM azeeuted the toeagoing ine~trumsn~ and acknw~rl~dged befan ms that ....6s.... e:ecneed the ~ams for the pnrpo~ tharsin ezpeeswd. ~ wi~ss ~r e.Da .ba o~w .e.~ c~. 30th oi Jan. 1979 c ~ ~ k~~t.:.~t ~ _ t~' ~ 5~L`K 312 f' Not~ry Public in and for ~ ; the County ~nd 3tate Aforesaid. : ~t Mr e=~"': March 28,. 1980 ? ~