HomeMy WebLinkAbout0047 d. That (a) la the event o! any breach of this mortgage or detau~t on the part of the 1?fortgagor, or lb) to
the event soy of aid sums of money herein referred to be not promptly and fully pad within ten days next -
after the ume severally become due and payable, without demand or nat~ce, or ~c) m the event eaeli :,-.d tia;y
the stipulations. agreements. conditions and covenants of s.1~d prom~sso~y note end this mortgage. any or either,
are not duly. promptly and [ally performed, discharged, executed, etfectel, completed, complied with and sbided
by. then, in ether or any such event. the Baia aggregate sum m~•nt~oned in said promissory note then rcma~rung
unpaid, with interest accrued, and aU moneys secured hereby, shall become due and payable forthwith, or there-
after, at the option of aid Mortgagee, as fully and completely as if ali of the aa~d sums of money were originally
stipulated to be paid on such day, anything in said promissory note, and • or In this mortgage to the contrary not-
withstanding; and thereupon or thereafter at the option of said Mortgagee, ~~•ithout nonce or demand, suit st
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 to the event that at the beginning of or at any time pending any suit upon this mor•$age, or W
loreclose it, or to reform It. gad/or to enforce payment of any clams herednder, said Mortgagee shall apply
to the court having jurisdiction thereof for the appointment of a Receiver, ouch court shall forthwith appoint
a Receiver of said mortgaged property all and singular. Including all and singular the rents. Income, profiU,
Issues and revenues Irom whatever source derived, each and every of which, it being expressly understood. fs {
hereby mortgaged as if specifically get forth and deacnted in the gn?nting and habendum clauses hereof. and
such Receiver shall have all the broad and effective functions and Iw~rer'~ in anywise entrusted by a court
to a Receiver, and such appointment shall be made by such rnurt as an admitted equity and a matter of ab•
solute right to said Mortgagee, end without reference to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency of aid Mortgagor andior of the defendants, and that such
rent. pro[its. income, issues and rc~•enues shall be applied by such Receiver according to the lien gad/or equity
of said Mortgagee and the practice of such court.
~j~is understood and agreed that this mortgage is given to secure, in addition to the no
above de~s'trb additional loans or future advances made within t a e hereof by the
mortgagee to said m r any successor in till agors of the property hereby conveyed; -
provided that the total unpaid ness secured hereby at any one time shall not exceed ?
the maximum principa Dollars
li plus interest thereon and any dis de by the mortgagee for the pay-
m axes, levies or insurance on the property encumbered hereby, wi such disbursements.
IId WTl'NESS WHEREOF, the said Mortgagor bu executed this mortgage under seal on the day and yea
herc~n fiat above writtaa.
9lgned, sealed and delivered in the presence ot:
Marten R. Vegter
C"~
Ma i yn M. Veg er
3TATLr OF...__ . ~ ~ ~IL~
: ~ . .
a
COUNTY OF.. , ~~JAu.?~:E...._...-••--.
me personally appeared.-----.MA$TEN...Br.._.YEGTER_r:U[Ld_.MABILX~T _M..._Y.~Sz~F~~._._.-_
l. and known to me to he thQ~i~dividual.S described in and who executed the foregoing inatru-
r lodged before me that t.hd... executed the same for the purposes therein ezpreased.
~l , : L
SS€ . ; ~ :
f. 1 my h.na ana afn~ial .gal ch;a---':......--- ~ .._...a.y or.....
-~r.>~ _
~:3.-------------_........ i9:.7..C1
; Notary Public 1n gad for
~`Ce the Couacy ana state wioresdd.
~ ' My commission ezpirca: ,~'-tj/ -~'~3
.
COUNTY OF
~
t
Before me personally appeared----•---------•-••-----•--------------„.._......„.._.._.........._......._._.._.-__...y
k and ms well known gad
known to ms to bs the..........._---......_---.._.......Presldent and___.._.._.........._.._......_._._...---__....---•------_. 8eeretsry
ti
respectiv at the corporation
named in th orcgoing instrument, gad known tom to be the parsons who Y such otilcen of corporation,
executed the and then and there the said......__.._..__ the Bald
._...dld acknowledge before me said
instrument u the free a and deed of sale corporation by th respscgvely ezecutad as such oMcsrs for •
purposes therein expr that the seal thereunto attached the corporate seal by them >n Wee capacity af-
x fixed; W under authority I them duly vested by the Board of tors of aid corporation.
a WTt'Pf11:.58 my hand ottlcial seal this........._.__._._.-•-_da oi..__...._.._.....__......_._..._.~..........._., 19.._._
F •
5
/LEO ANO ec~-'._;UEO
t iIOG ~ c - t. S Notary Uc in and for
ClEar, ~ ~ ~ oua the County and Stab Aforesaid.
aECOR~• - My oomaifssfon azptres:
Doc 12 12 se PM's
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