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Home My WebLink About0867 450'742 ~ f919 ,NI. 10 AM ~ 53 ~ ~~i POI~RA~~ q,~K ~?1~ COUiI ~ AECORO VERtFtE~J_- ' sA~ll lwve the optbn to receive ~nd ~pply ths same oo aocount of tM indebtedoess sscured hereby or to permit said Mortgagor to receive ~ad uee it or any part thueot fur ot!?er putpases witl~out tbeteby w~iving or impatring aAy equitq. lier or right under or by virtue ot t6is mortg~ge: and in tbe evsnt said Mortgagor slull tor any roa~oa tail W keep the s~id premises so inaured. or t~il to deGver promptly any ot s~id policie~ ot ianuanca to ~aid Mortgage~. or fail promptly to pq tuUy ~ny premium theretor, or it~ any respect idl to pet'tam. disch~rgs. e:cute. etfect, compkte. comply with and abide by thia covenant, or en~ pert Aereot, eaid Mortgages may plaas and p~y tor ~ch insu~ance or eny part thereof nithout wreiving or •ffectinR any option, lien, equity or right ander or by virtus of this mortg~ge. sad tbe tull smount ot s~ch aad every euch payment sl~all be immed'utely dus and pay~bie and shall b~r interest irom che date thereoi uatil paid ~t the rate ot ten per centum per annum snd togethar with. ~ aueh interest ehaU be seeured by the lien of tbie mortgags. 4. To permit. commit or eutter no waste, impairment or deterioratioa of said property or any part thereot. 5. To pay all and singul~r the co~ts, eharqee and ezpen~ee. inclucling re~sonabk Iewyer's fees and owt of sbstr~cts ot titk, incurred or paid at• any time by s~id Mortgagee because snd~or i~ the eveat of tAe teilure on the part ot the aaid MoKgagor to duly. ~rcomptly and tully perto~n, disc6uge. e:ccute. eHeet. oompiete. oomplY wit6 and ~bide by e~ch aad every the etipulations. ~greeaients. conditions and covenents ot said promissory note, ~nd thi~ mortgage, eny or either, ~nd said costs. chargee and e:penees, e~ch snd every, ehall be immediately due and payable, whether or not there be notice. demend. sttempt W colkct or suit pending: and the full aawuat of e~ch and evuy su~h p~yment shall bear intereet from tAe dete thereof until pairl at the nte oE ten per oenwm per aenum: and aU said oosts, chargss ~nd ~penees ~o incur*ed or Mid, together witA such interest, shall be secured by the li~? ot this mortgage. 6. That la) in ths event of aay bre~cl+ ot this mortgage or default on the part of tha Mo~t~igor, ar Ibl iu tbe • event any of s~id sums ot money berein rsierred w be aot pmmptly u~d tuUy paid withln taa d~ys nert afte~ ths same ssv~ally becoms due and payabls. wittauc dem~?d or nocice. or lcl in the event eac6 and every the atipnlationa agreemeats. eonditions and ooven~ats of wid promissory note aad tAis mortgage. any or either. ars noi duly. promptly and tully psrformed. disclur8ed. ~ecuced. eHected. oompleted, oo~nplied wit6 and adided by. tha~, in eithar or any auc6 event. t6e seid aggregate sam ~ntioned in said promiaeory note then remeining unpaid. wlth intereet ~ccrued, and all moneys secured hereby, shaU become due aed payable fortbwith, or thereafter, ~t the optioa of said Matgagee. ~e (nlly and oompbtely as if all of the said sums qt nomey vvere originaliy etipulated to be p~id on such day. aaything in eaid promissorY note. and ~ in this mortgage to the contrary aotwithst~nding and thereupon or thereafter at the option ot said Mortgagee, without ootice or damand. euit at I~w or in equity. theretofore. or thereatte~ begun. auy be prweeuted as if all moneye sscured barebY had matured prbr to ite institution. 7. 71ut in the event that at the beginning of ot at anp time pending any suit upon this mortgage, or to torecbse it. or W nform it. a~lor w enforce paymeat of any claims hereuader. eaid Mortgages eAali apply w the oourt having lurisdiction thereof tor the appuintment ot a Aeceiver. euch court ehall forthwith appoint a Raceiver of ssid ~B+~B'~ P~tY all and aingwar. including all ~nd aingulu t~ rente income proCt~. issuea and revennes [rom i what~wer source duived, each and avery of which, it being e~ressly underawnd in hereby mortgaged aa if ~ apecificaUy aei forth and described in the qranting and habendum clauses hereot, and auch Receiver ehall have i all the broad and effective functions and powero in eny~riae entru~ted by a rnurt to e Receiver, and eucfi ~ppointment ! ahall be made by euch court as an sdmitted Pquity snd a matter of abeolute rigt~t to said Mortgagee, and without ~ reterence to the adequaey or insdequacy of the value of the property mortgaRed or ta the solvency or insolvency ~ of said Mortgagor andlor of the detendants, and that auch reats, profita. income. iaeues and revenuee ehall be applied by soch Receiver acoording to the lein and/or equity of eaid Mortgagee snd the practice of auch oourt. ~ 8. It in understood and agreed that thia mortgage is given to sscvrs. in addition w the aote o: obUgation above described any additbnal iosns or future ~dvantes made withiu tweaty yeere trom date hereot by ths mortgagee to s~id mortgag~ors or any successor in title ot uid mortg~gors ot t6e property he~eby oonveyed: provided tl~t t6e total uapaid balance of the indebtedness xcured hereby •L eny one time ehall not e:ceed the mazimum principel amount ot DO~° li 1. plue intereat thereon ~nd ~ny diabureemente mede by the mortgagee for the p~yment ot ta:ee, kvies or insunnoe on the propvty encumbered hereby, with intereet on sucb disbursements. IN WITNESS WHEREOF, the said Mortgegor has e:ecuted thia mortgage uader eeal on tbe day and yasr herein tir~t above written. Signed, se~led and de6vRred in the presence ot~ ~ _ i~,/ X/ iti,`-~` J J 5°`.`'° ISEALI ~ , an ,s . -t r.., ~ -t ~ [ .s--. iSEALI ~ nn e , an s ~ STATE OF ~i`X,~loX1iX Pet~syl vani a ~ COUNTY OF ~(X~~ ~ Donald S. Shanis and Bonnie S. Shanis, his wife of ~ Before me personally ~pPeared ~ 230 E. Grave~s LanP, Philadelphia, PA. 19118 to me well lmown ~nd known to ms to be the individua~.. desaribed in and who szaeuced the torogoja8 ard acfcaowledged beforo ms tlut .~bs.~l e:scutsd tbe eame for the ptvposee therein e:presaed. ~ _ 4. i.; ~ 7 ' " WITNE33 my l~and u~d otticia! ~eal this daY ot . 7° '.'s-..' y9 f.y...: . . ~ Notary Pablk io:~~ar' . ~ ' ~ . ~iR ehe Couae~,~ud,_ Ata~ees~.~. Ct3iK 312 r aGE 865 ~ My o~mtniubR a(~w1: _ ' Notary Pub'ic. Ph:IzcSe)p~`tta. PRiLrc'NGhia Co. !lc C~cir;is:i;:a f~t!;~"' • g ~ ~ u,.