HomeMy WebLinkAbout1206 d. That (a) la the event of any breach of this mortgage or default on the part of the ]?tortgagor, or Ibi In
the event any of said sums of money herein referred to be not promptly and fully paid within ten days next
after the same severally become due and payable, without demand or notue, or ~c) in the event each and every
the stipulations. agreements, conditions and covenants of ssid promasscu y note and this mortgage. any or either,
are not duly. promptly and fully performed. discharged, executed, effecteJ, completed, complied with and abided
by. then, in ether or any such event, the said aggregate sum m~•nUoned m aa~d promissory -note then rrmauung
unps~d, with interest accrued, and sll moneys secured hereby, shall become due and payable forthwith, or there-
after, at the option of said Mortgagee, u [ally and completely as if all of the said sums o[ money were originally
stipulated to be paid on such day, anything in said promissory note, and • or In this mortgage to the contrary- not-
w~thstanding; and thereupon or thereafter at the option of said Alort6agee, ~~•ithout notice or demand, suit at - i
lsw 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 mortgage, or to
foreclose lt. or to reform lt. and/or to enforce payment of any claims hereunder, said Mortgagee shall apply
' to the court having iurisdictlon thereof for the appointment of a Receiver, such court shall forthwith appoint
• Receiver of said mortgaged property all and singular, including .all and singular the rents, Income, profits,
issues and revenues from whatever source derived. ea.h and every o[ which, it bring expressly understood, 4
hereby mortgaged as if apecitically set forth and descr~Eed in the Rrufting and habendum clauxs hereof. and
such Receiver shall have all the broad and effective functions and Ix,~~•ers in anywise entrusted by a court
to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter of ab-
solute. right to said Mortgagee, and without reference 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 defendants, and that such
rents, profits, income, issues and re~•enues shall be applied by such Receiver according to the lien and/or equity
of Bald Mortgagee and the practice of such court.
~It a ~darct,xv-~ grP.-^-~ that~hye mert¢°Qe It oiy n fn rn~ ¦ w u.c n
a v ns or future advances made within twenty years from date hereof by the
mortgagee to paid mortgagors or any t said mortgagors of the property hereby conveyed:
provided that the total unpaid balance of the indebtedness an one time shall not exceed
the maximum principal amount of _ Dollars
(s lus int t thereon and any disbursements made by the mortgagee for
insurance on t e eres
II~T WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year
herein first above wrtttea.
9lgned, sealed and delivered in the presence of:
i{ sue'-`.-.
M._... _~~._.Z.~--..--..
STATE OF...........FI~QSIDA-....._..... )
covNT~t oF..... ?TIN------•-------- ~
Before ma personally appeared_........if,ENNETFi..~......R4WIE-_dAd...CAT13E8I~lE...L...._BI~I~fIE.,............._
I
` to me well known and known to me to the individuals- described in and who executed the foregoing instru-
~ meet, and acknowledged before me that --hey. executed the same for the purposes therein ezpreased.
-
~ WITNESS my hand and offlcW seal this.....-----~.._.r...day of......._, - ,111.8
~
tart' r
No Public In sad fo . I t
the County and state I?Y~aFd. i ° _ i ' :S~' .
My commission expina:~' r ,`~1~ ' - ` ~ J~ .
STATE OF - = . ~ J ~ ~ 3
- . ~ -
Before me persoaWY aPPu~-•
and.----.._.. to me well kaown~aad
known tom W be the........_._.~_....~.._---.......President d...._....._.._..._.~.~......_....._._..____........ Secretary
respectively of . t1N corporauon
i named it the toregol3eg\ trument, and known to me to be • persons who ar such officers said corporation.
executed the same: and sad there the said......._.........~....__ __..aad t2?e said
_ did ackaowiedge bes me that said
a Instrument b the free lit and d t said corporation by them rss Lively a:crated as such oM for th•
purpoees therein expressed; that a1 thereunto attached V the rots seal by them to ilia aclty af-
fixed; W under wthority In them dal fed by the Board of Directors said eorporatloa
a
WITNi!.88 ,ay hand sad offldat this.------...__...._._.....day of...M lg.----
_4'718'70
19~ J1~1-$ ~ Notary Public m and for
the Catnty sad State Aforesaid.
~ Hy ooanmladoa explrsr:
~ t
~tEG`dRif ~'EWffED`G~~~_ _
s
go~323 PA~E12(~