HomeMy WebLinkAbout0116 S. That (sl In the event of any breach of this mortgage or default on the part of the bioMgagor, or Ibi to
the event any of said Gums of money herein nfsrred to be not promptly and fully paid within ten days next
attar the same severally become due and payable, without demand or nonce, or ~ci in the event each and every
the st~pulatiot?s, agreements, conditions and covenants of said prom,sso~y note and this mortgage, any or either.
are not duly. promptly and fully performed. discharged, executed, ettecte.l, completed, complied with and aD~ded
by. then, m ether or any such event, the said aggregate sum mrnUened ~n said promissory note then rcmairung •
unpaid, with intrrest accrued, and ail moneys secured hereby, shall become due and payable forthw7th, or there-
after, at the option of said Mortgagee, as Cully and completely as i[ all of the said sun~a of money, vven originally
stipulated to be paid on such day, anything in said promissory note, and ~ or in this mortgage to the contrary pot-
withstanding; and thereupon or thereafter at the option of said mortgagee, without notice 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 mor'$age. or to
foreclose it, or to reform It, and/or to enforce payment of any clams hereunder, said Mortgagee shall apply
to the court having ~uriadictlon thereof for the appointment of a Receiver, such court shall forthwith appoint
a 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 of which, it being expressly understood, L
Aereby mortgaged as if apeci[ically set [orth and de3cr~ted in the grunting and habendum clauses hereof. and
such Receiver shall have all the broad and effective tun~ti~ns and po"•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 aD-
- solute right to aatd 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 recenuea shat! be applied by such Receh•er according to the lien and/or equity
of said Mortgagee and the practice of -such court.
above de c~ditional loans or future advances made n twenty years from date hereof by the
mortgag to paid mor ccessor in title of said mort the property hereby conveyed;
provided t e total unpaid balance o ness secured hereby at time shall not exceed r
the maximum princ~pa of Dollars
ti plus a terest thereon and any disbursements ma y_
II~T Wl'PNESS WHEREOF. the said lrtortgagor hu executed this mortgage under seal on the day and year
herein Lint above written.
Signed, waled and delivered in the presence ot: ~
_..C.~'=~~L:~~'~(.~~...~~~---~ our nce C . el er
Suzan M. Kelle
. -
~ti?fa a4t pe?'~~y appeared.., _~1~.~~_G.~ »~&F~.»and...~U~ANN~..I'!~:..».KELLER
~ - .
s
W tpe'we~t k ~RC~ known to mr to hetht individuals. described in and who executed the foregoing instru-
ment, aM•a~oStAil~ed before me that ....he. executed t}~e same for the purposes therein expressed.
~~t"!'I'T~d any hand and offtdal seal this_"~ ~ _...day oL.,i//Ll~Z
• t _ ,
' :
- , ' ~ Notary Public in aaa for
~ the County and State Aforesaid.
My commission expires:.. / 3 ' 8 ~
STATE OF .
ss. -
COUNTY OP'
Before me personally appeared.---•
and to ms well !mown gad
known to ms to bs tbs..........._»_......»_.».._..»...President and»»...____..».._---..»..»...».»....._.»_......_...__.-_._._....._.» Secretary
re five! of
aM Y - the corporation
named the foregoing instrument, and kno to me to be the persons who Y ch officers of said corporation,
executed same; and then and there the sai ...»..___....._....._--._--and flu Bald
.__dld ledge before me that said
instrument is the fr ct and deed of said corporation them rwpectivety executed such ootice» for the
purposes therein expr ; that Cho seal thereunto at V tAe corporate seal by th In Wce capacity af-
fixed; all under authority them duly vested by the Board Director of said corporation.
W1T1VF..SB my hand . official seal this..-•---....__.___.. y oi'...:._..»....__......_......_........._ 19--.--
No biic in and for
the Cam y and State Aforesaid.
][y commission expires:
BCOK PACE ~s