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HomeMy WebLinkAbout2928 • 1 K~)~1Ei 1980 MI?R 21 P!+ 12 26 ST~tb~C,ER pOt~I1N~RAr+o?'n CIERIt CIRCUIT C9tlR AFCARO~CRIfIEO~ shop have the optbn to nceiw end apply tM same on account of tM iodsbtednsa• second herby a to permit said Mortgagor to receive and ass it a .ny part thereof tar other purpow without tMnby waiving ar impairing any equity, lien or right under or by virtue of this mortgage: and is tM event said Mortgagor chap for .ny r+eason tail to keep the said premises eo insured, or tail to deliver promptly fay of saki policia• d bauranos to acid Mortgages, or tail Promptly to P.y copy any premium theretor, a in any respect tail to perMrm, dbeharga. e:cute. sHect, rnmplets, comply with and .bide by chic oovenaat, or say part hereof. said Mortgages may pboa and p.y for such insunnos or any part tbereot without wdving a aHeeting any option, lien, equity or right Hadar a by virtue of this mortgage, and the Lull amount of each sad awry sucl? payment slop bs immediately dun and payabia and shall beer interest from the date thereot until p•ld at tbs me of tea per osntum per annum and togetMr with such interest shall bs secured by the lien of this martgaga. 1. To permit, commit or coffer no waste, impairment a deterioration of said property a any part thereof. 5. To p.y all and singular the costa, charges and espsnaee, including reasonable lawyer's tees and cost d abstracts of title, incurred or paid at• any time by said Mortgagee bemuse •ndlor in the event of tM fpun as the part of the said Mortgagor to duly. promptly and copy perform, discharge, s:ecute, effect, complete, aocoply with and abide by each and every the stipulations, •greementa, conditioru sad covenants of said promissory note, and this mortgage. any or either. and said costs. charges and s:psnees, ead? and every. shall bs immediately dw and payable. whether or not there be notice. demand, attempt to collect or suit pending: and the toll .mount of each and every such payment shell bear interest from tha date thereof until pair! et the me of ten per oantum per annum: and ap said nosh, cbergss and e:pensss so incurred or paid, together with such interest, shall be second by tbs lien of this mortgage. 6. That lal in the event of any breach of chic matgap or dehuk on tbs part of tM Mortgagor, a Ibl i4 the • event any of said sums of money herein nferred to be not promptly and hilly paid within tea days nest after the saws severally become due and payable. without demand ~ notice. or Icl is the event each and awry the .atiptlatbns, agraemenb. eonditbns and eownanta of etid promissory note and fhb mortgage, any a+r either. an not dttiy?, promptly and tally performed. diechar~ed. e:seuted, eHeeted, oompbtad, complied with and abided by< thee, in either or any such event. the wid aggregate sum mentioned in said prornigory note then rarnaiaing unpaid. wfth iatat+eat accrued, and all moneys secured hereby, shall become dw and payable forthwith, or thereafter, at tM option d said Mortgagee. ss fully and oompletdy as it all of the said cams of eomey ware originally stipulated to be paid oe such day. anything in laid promissory rate, and or in fhb mortgage to the oontnry notwitbstaodia~ sad thereupon or thereafter at the option of said Mortgagee, wltbaut notice or demand, suit at bw or m equity, therstotore, or thereafter begun. may bs prwaented u it all moneys secured hereby bad maturd prbr to its irutitution. 7. That in the event that at the beginning d or at any time pending any suit upon fhb mortgage, or to tonebae it, or to reform it. •ndlor to ~enforee payment of nay claims hw~wmder, said Mortgages shall apply to the court having jurisdiction thereof for the appointment of • Receiver, such court ehep forthwith appoint • Rso•iver d said ~8'~ Property all and singular. inchding all and singular tbs rants income profits, issues and revsews from whatever source derived, each and every of which, it being espeesaly understood is bareby mortpged u if specifically set forth and described in the gnatiag sad habsedum douses hereof, and weh Reaiwr shall have ell the broad and eHectiw functions and power in anywise satrustd by • court to a Receiver, and ouch appointment shall bs made by each court as an admitted -equity and • matter of absolute right to said Mortgages, and without reference to the adequacy or inadegwcy of the value of the property mortgaged ~ to the solvency ar insolvency of said Mortgagor and/or of the defendants, and that such renq. profits, income, issue. and rewnuM chap bs applied by each Receiver according to the loin and/or equity of said Mortgagee and the pnetiee of eneh court. 8. It is understood ¦nd agreed that this mortgage ie given to sewn, in addition to the note or .obligation ~ above described .ay additbnal bane or ft~turo advances made within twenty yew [rom date hereof by the mortgages to said mortgagors or any successor is titb of said mortgagors d the property benby conveyed: provided that the total unpaid balance of the indebtedness secured hbrsby at any one time shall not ezceed the madmum peiadpal amount of Doilan 1~ 1. plus interest thereon and any disbursemsota made by the mortgages for tbs payment of tares, levies a inwvnos ~ on the property encumbered hereby. with interest oa such dubunemsnts. IN WITNESS WHEREOF, the said Mortgagor h•e a:scaled chic mortgage under seal oe the day sad year herein ~ first above written. S' , ended and delivered in the reesnos of: ' , av~ a IsEti"l ~ ' ~ 1---, 13EAI.1 ~r Norma Mead A COUNTY OF ~$QE~•-•~i~, me~„~yap~,~ David Mead and Norma Mead, his wife of P. O.BOX 487, Eastham, Mass. 02642 3 n to ms veep known and kna.n to ms to bs tba indivWwlS. dssaibed b and who •saeet+sd the tarrgoiog ~ and admowbdgd before ms that ~.bs.~l. ezewtad tM name tar tM perpoasa tharsin espwasd. 1 - ' ~ , _ WITNESS my hand and ofAeid s.l chi. ~J~ day d ~y . -1~~ _ Notary Pebpe b ae~• ii~r' - • - . the Conch and 8taq:>llfl.r