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HomeMy WebLinkAbout0926 EO •NL' rt . ~'tuEQ t~~LUt?IE ~a'i fl ~A ROf ~x ' : 4S ~~~~~d. QIERr..' r : ~CUAT CLERK CIRCWT COUAT I~ RlCOR^ fE~'.' r~..~ rr~~gn VERIf1E0 I Dec ~ 10 ~ AM '1 ~ .~N 13 .8 :3 AM'~0 44i'78'75 , . P,e-Record shall have the option to receive and apply the same on account of tbs indsbtednsss secured hereby a W permit said Mortgagor to eecaive and use it or any part thereof for other purposes without thereby waiving err impairing any equity. lien or right under a by virtue of this mortgage; and in the event said Mortgagor shall for any Leeson fail to keep the said premises so insured. or tat? to deliver promptly any of said policies of insttranos to said Mortgages, or fail Promptly to PaY w~Y ~Y premium therefor. or in any respect tall to perform, discharge. e:cute, effect, complete, comply with and abide by this covenant, or sny part hereof. said Mortgages may plea and py for such insuraaa or any part thereof without waiving or affecting any option. lien. equity or right under a by virtue of this mortgage, and t.hs full amount of each and every such payment shall be immediately dw and payable and dull bear interest tram the date thereof until paid at the rate of ten per ceetum per annum and together with such interest shall bs setund by the lien of this mortgage. - 4. To permit, commit or softer eo wash. impairment or deterioration of said Property or any part thereof. S. To pay all and singular the costs, charges and expenses, including reasonable lawyer's tees and cost of abstracts of title. incurred or paid at• any time by said Matg+agee beauss ~etdlor in the event of flu tatlure on the part of the said Mortgagor W duly. Promptly and tally perform. discharge. execute, effect. complete, ooenpiy with and abide by each and every the stipnhtions, agreements. eonditioea and covenants e?t said promissory Hots. and ctis mortgage. any or either. and said costs. charges and expenses. each and every. shall bs immediately dos and payable, whether or not there be notice. demand. attempt to oolisct or suit pending: and the toll atnoemt of each and every such payment shall bear interest from tbs date Wereof until paid at the me of ten per antum per annum: and all said cosh, charges and expettess so incurred a paid. together with such interest, shall bs aeeuted by the lice of this mortgage. 6. That lal in the event of any breach of this martgap ar default oo the part of the Mottgrigor, a Ibl m tbs - event aey of said sums of money heeeia referred to bs not promptly and fully Paid within ten days next alter tbs saw sQrz:~lly bx~ms d•,ss erg paya6ls, ::tl~.ti d~nd c~ nati~, er !c! in tits event each and svey the s4iprrlatioea, agreements. conditions and oovsoants of acid promissory note and this mortgage, wy a either. ors not duly. promptly and fully performed. discharged, executed. eNeeted, completed, complied with and abided by, then, b 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 attd compk+tely u if all of the said sums of ttotesy were originally stipulated to bs paid on such day. anything in said promissory eats, and a in this mortgage W the contrary tatwithstaeding: and thereupon or thereafter at the option of said Mortgages, without notice or demand, suit at law or in equity. theretofore, or thereafter begun, may be prosecntsd u it all moneys sscttred herby had matured prior to its institution. 7. That in the event that at the beginning of or at. any tams pending any suit upon this mortgage, or to torscbse it. or to reform it, and/or to enforce payment of any claims herenndsr, said Mortgages shall apply to the court having jurisdiction thereof for the appointment of a Reexivsr. snch court shall forthwith appoint a Receiver of said mortgaged Property all and singular. including all and singular the tents income profiq, issues and tevsnues from whatever sauce derived. each aed every of whkh. it being e:presaty understood is hereby mortgaged a. if specifically set forth and desrn'bedw the granting and habendum clanaes hereof. and such Raciwr shaD have all the broad and effective inactions attd powers in anywise entrusted by a court to a Receiver, and such appointment shall be made by such court as an admittnd equity and a matter of absolute right to said Mortgagoo, a~ without reference to the adequacy or ieudequaey of the value of the property mortgaged or to the solvency a insolvency of said Mortgagor aadlor of the defendants. and tlut such rents, profits, income. issues and revenues shall bs applied by such Receiver according to the lain and/or equity of said Mortgagee and the pncties of such oath. 8. It is understood and agreed that this mortgage is given to secure, in addition to the note a obligation shove desrn'bsd any additboal bane or fitturo advattoss marls wlthia twenty years [rom date hereof by the mortgages to said mortgagor or any wceeseor b title of said mortgagors of the property hereby conveyed: provided there the total unpaid balartce of the indebtedness secured hereby at any ore time shall not exceed the maximum principal amount of ::I Tii'~U ~ r ~ ; ~ I":i ~ I GI`"Y f `j 13G } Dollars Is 1. plus interssC thereon aet~ any bisburiements made by the mortgagee or the payment of taxes. krvies or inwtranoe on the Property encumbered hereby, with interest on such disbursements. IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under seal on the day and year heesin first above written. Signed, sealed and delivered in the preseece of: ISEALI LdGC ~/r1.-rr ~J~-cc~,~ a . 13EAL1 STATE OFtk7IJC~Y :.I ~_IG_~:: COUNTY OFx~tLK~~Kx~- .•.t:?:i::~~ Before me personally appeared _ ~ _ :%'1 `I J f 7 ~ r to me well known and known to Los to bs the individual.. described bo and who executed the fotegoiag bstretment. and ac3tnowkidged before fns that ....hs.... e:eevted the morns far the pttrpoasa therein ezpresssd. 27th December ~ ~ ~ ~ 7.7 WITNE33 my hand and otfkial seal this day of ' ~ 10 ! ~ L~~~ Notary, 0 R ce~~ KK'' ~ a. SOUK 28O PAGE2JJJ ~t~? , ~ '