HomeMy WebLinkAbout2819 d. That (s1 la the event of any breach of this mortgage or default on the part of the 1?tortgxgor, or (bl to
the event any of said Gums of money herein referred to be not promptly and fully pud within ten days next
after the name severally become due and payable, without demand or not,ce, or ~c1 in the event each and every
the stipulations, agreements, conditions and covenants of ss~d prom~ssmy note and th,s mortgage, any or either.
are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided
by, then. ,n ether or any such event. the said aggregate sum m~•ntioned ,n said prom,ssory note then remauung
unpaid, with interest accrued, and all moneys sec~~red h.•reby, shall become due and payable foMh~vith, or there-
after, at the option of said Mortgagee, as [ully and completely as it all of the sa,d sums of money were originally
stipulated to be paid on such day, anything in said promissory note, and • or in thin mortgage to the contrary not-
w~thstanding; artd thereupon oc thereafter at the opticm of sa,d Mortgagee, ~~•ithout notue or demand. suit at
law or in equity, theretofore. or thereafter begun, may be prosecuted as ,t all moneys secured hereby had matured
prior to its institution.
Z. That in the event that at the beginning of or at any time pending any suit upon this morlgage, or to
foreclose it, or to reform it, and/or to enforce payment of any claims hereunder. said Mortgagee shall apply
to the court having jurisdiction thereof for the appointment of s Receiver, such court shall forthwith appoint
a Receiver of said mortgaged property all and singular. including ali and singular the rents, Income, profits,
issues and revenues from whatever source derived. ea.•h and every of which, it being expressly understood, is
hereby mertgagerl as if specifically set forth and descr,bed in the granting and habendum clauses hereof, and
such Receiver shall have all the broad and et[ective functions and puu•era in an}•ve~se entrusted by a court
to a Receiver. and such appointment shall be made by such court a, an admitted equity and a matter of ab-
solute right to said Mortgagee, and without retereace to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency of said Mortgagor andior of the detendsnts, and that such
rents. profits, income, issues and re~•enues shall 'be applied by such Receiver according to the Iles and/or equity
of Bald Mortgagee and the practice of such court.
- n
above esc Tonal loans or future advances made within twenty years from date hereof by the
mortgagee to paid mortgago uccessor in title of said mortgagors of the property hereby conveyed;
prov,ded that the total unpaid balance o secured hereby at any one time shall not exceed
the maximum principal amount of Dollars
(s plus interest thereon and any disbursements made by for the I,ay-
ts.
III WITNESS WHEREOF,, the said Mortgagor has executed this mortgage under seal on the day and year
herein fint above written.
Signed, sealed and delivered in the presence ot:
~ ~
Marg et Hor on
CEO Rllc -oE0
~~.LbCIE ILA.
CLEF' :4uaT
RECOa'' 1: et
STATE OF........~~!Q~~Q~._.........._.-. " X17 ~u
sa,
COUNTY OF..-.MART_IDi
4.6?9~'75
Before ms rsonall a MARGARET HORTON
Pe Y PPeared
f p .
to me ~iR11 if~iow>t and known to me to he the individual.--. described in and who executed the foregoing inatru•
mere; an~aakPowledged before ms that -.fie-.-- executed the same for the purposes therein expressed
= L
~ -+'r: - ~aad and official seal Uus.......-.? y ~.,~G eoNp~ Q.. 19.
d .............da of...-..
~f~rs~~' Notary Public m and for
~ "T • a~Y ~ l ~ l the County and State Aforesaid
- ~'r ~ _ My commission expires:
CO .
)~f~ife ma personally appeared.-•
R and to ms well wn sad
known to me to be the ...President and__..._.._.._.._.._...,
t
respec ely ot the corporation
named !n foregoing instrument, and known a to be the peons who as ch otticen of said corporation.
executed the sam and then and there the said -----..--...._.._--..--_.._aad the said
_-...._dki ackno a before me that said
instrument Is the free act - deed of uid corporation by th respectively ezscuted u h oMcen for the
purposes therein expressed; t the seal thereunto attached the corporate seal by th in Wee capacity af-
fixed: all under authority In th duly vested by the Board of D ctors of said corporation.
y
~ WITNE.g$ my hand sad vial seal this.--.....-•-----_--- d• of..._....._..__........ Iii
1
s
Notary llc fn and for
the County State Aforesald-
My oommfasioa expires:
B~~K 321 P~~E 2815