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sha11 have the optan to receive and apply the same on aooount ot the indebtednsss secured y or to psrmit
said Mortg~goc to receive and use it oc any part thereot for other purposes witlwnt thereby waiviag or impairing
~ay equity, Uen or righl under a by virtue of this mortgags: uid in the evsnt eaid Mortgagor aluU tor any t+e~son
fa~ W Icesp the eaid premises so insured. or fail to deliver promptty ~ny ot aaid policies of ina~raaos W s~id
Mortgages. or fail promptly to pey fuUy sny premium therefor, or in wy respeet iW W pertorm, discsargs,
~cote, eftect, complete, comply with at~d ebide by thi~ rnvenant, or an} psrt hereof, said Mortgages may plaas and
pay for sueh insunnce or ~ny part thereof ~rithout waiving or aftecting any option, Ilen. equity or right ander ar by
virtoe of thia mortg~ge, and the full amount ot e~ch and every euch p~yment ahaU be immediately due and payabb
~nd slull bear interest from the d~te thereot until paid ~t the rata oi ten per centum per aanum and together with
such iateteat ehall be ssenrod by the lien of t6is mortgags. .
4. To permit, couuait or sufter no wa~te, irap~irment or deterioratioa ot ~id p~operty or ~ny p~rt tAereot.
5. To pay aU and aingular the costs, charAes end e:pen~, including reasoneble lawyer's tees ~nd coet of
ebstracts of title, incurred or p~id at• any time by aaid Mortgagee becauae end;or in tl~e event ot the tailure on the
put oi t6e aaid Mortgagor w duly, promptly ~nd fully psrtorm, disch~rge, e:ecute, eHect, aompbte, oomply ~rith
and abide by each and every the stipul~tione, sgreemeab, rnnditioas and aovenents of said promissory note, and
this mortgsge, any or either, and said cwte, chergee and ~penxs, esch aod every, shall be immediately due and
payabk, whether or not there be notioe, demand, ettempt to eollect or ~uit peading; ~nd tAe full amount of each
and every such payment eAall bear intereet from the date thereof until paid at the nte ot ten pe~ centum par
annum: and a!1 aaid costs. charges and ~pense~ so incurred or paid. together wit6 such interest, ehall be secured by .
the, 4ea of this mortgage.
6. That lal in the event of any breach of thi~ mortgage or default on the part of the Mortgigor, or Ib? in the
- crveat •ny ot said suma ct money herein referred to be aot pmmptly and tully paid within ten d~ys na:t ~it~ the
same severally become due and pay~ble, wittwut demand or notice. ~ Icl in the event each aad every t.hs stipul~tions,
agreements, eonditans and covsnante ot naid promiesory aote and thia mortgage. sny or either. ars not duly.
promptly and fuUy performed. diechuged. a:ecuted. e/tected. wmpkted. complied with ar.d ebided by. thea, in either
or any auch event, t6e eaid aggrrgate sum cnentioned in naid promiseory not~e then remaining uapaid, wlth intere~t
accrued. and aq moneye eecured henby, shall bacome due end payabk forth~vith, or ~hereaftar, at the opt'an of said
Mortg~gae, aa tully and oompktely if all of the aaid sums ot nomey were originally stipulated to be paid on
such day, anything in said promissory note. and or w thia mortgage to che coatrary eotwithetanding and
thereupon or there~fter at the option of eaid Wlortgagee, writhont notice or clamand, suit at law or ia equity,
theretofore, or thereefter begun, may be prosecuted ae if all moneys secured hereby h~d matured prior w its
instiwtion.
1Uat in the event thst at the beginning of or ~t any time pending any suit upon thia mortgege, o~ w foreclo~e
it, or to reform it, and/or to enforce p~yment of sny claima hereunder. aeid Matgagee ehall apply to the oourt
having juriediction thereof for the appointment of • Receiver, such court ehsll forthwrith appoint • Receiver ot said
mortgaged property all and aingntu, including all and ~ingular the rents income profiu, isaues and reveaues irom
whatever source derived, e~ch end every of which, it being e:preesty understood ie h~raby mortgaged ~e if
epxifically set forth and described in the Rranting and hebendum claune~ hereof, and such Recaiver ahaD I~ave
I' all tbe brwd and effective tunctione and powrers in anywiae entrusted by a court to a Receiver, end such appointment
! ~tull be made by euch court as en admitced equity and s matter oi aMolucc rigt~t to said Mortgagoe, end w~ithout
; reference to the adeqwcy or inadeqwcy of the value of the property mortgaRed or to the solvency or inedvency
i of said Mortgagor and~or of the defendants. snd that such rent~, profits, inoome, issues wd revenuee ahall be ~pplied
by euch Receiver acoording to the lein ~nd~or equity of aaid Moetgagee and the practice ot euth rnurt.
i
~ 8. It ia understood and agreed t6at thie mortgage ie given W eecure, in sddition to t6e note ot obligation
ebove deecribed any additional Iwns or future advaaces aude within twenty yeare from dste hereof by the mortgagee
€ to said s or an succaesor io titk ot ssid mort s ot the hereb conve ed; rovided tl~t the
~ ~B~Bor Y B~Sa P~'oP~~Y Y Y P
total unp~id b~lance ot the indebiednes~ secured hereby e: eny one time ~hall not e: the maLmu
.,no„nc ot ELEVEN THOUSAND FOUR HUNDRED NINETY THREE c(11,493.00~ P
tta~rs
!i 1, pine int~reat tl+ereon and any dieburxmente made by the mortgagee tor the psyment ot tuee, levies or insussnce
on the propvty encumbered hveby. with interest on euch diabureementa.
~ IN WITNESS WHEREOF, the said Mortgegor hae e:ecuted thia mortgsge undar eeal on the day and year herein
~ fir~t above written. _ ~
~
~ Signed, sealed and delivered in the presence of:
~ ' (3EAL!
~ - Richard P. Gregg •
(sEwW
t::a,;:.:`;-.
~ - - N:;~ . .
~ srw~ oF ~p~p~ ~~achusetts ~ , ,
p :'?+^-s~i
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= couiv~r~r oF ~(!F%~~91~t9~( Barnstable , s~,'~'`-. d
€ Before me persohally ~ppe~red Ri chard P. Gregg of 15 Ri dgewood Rd P:Os: ~
r - ~ . , _ ~ ..c~~~~> .
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~ Orl eans , MA. 02653 ;y = ~ ~ ~ '
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s . ' •~.e'
to me wdl known ~nd lmown to ms W be tbs individu~l... desrn'bed 'm and wbo s:ecvted the t
and aeknowlsdgsd befon me tlut ....he..._ ezecuted the eame for the purposes tberein e~rsased. >:;r •
, ~ .
wt,r~ss my t~a .~a ot~w ~ c~~ 15th ,~y of January 1 ~
~ ~ ~ ~
~
~ tvowy Puhuc i~ .na tor
the County and State Atoreeaid.
a l~`i' ~K •J~~ i a~f ~1~~ My oommission e:pir~: ~{~(Y~/ ~8 1980
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