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d. That (a) to the event of any breach of fhb mortgage or detault•on the part of the 1lfortgagor, or Ibl to ~
the event any of said sums of money hereto referred to be not promptly and fully pad within ten days next
attar the same severally become due and payable, without demand or nonce, or tc) in the event each and every
the stipulations, agreements, conditiotu and ~•ovenants of said prom~sso~ y note and this mortgage. any or either, ~
an not duly, promptly and fully performed. discharged, executed, effected, completed, complied with and abided
by. then. in other or any such event, the said aggregate sum m~•ntioned m said promissory note then rcmairung i
ttnpa~d, with interest accrued, and all moneys secured hereby. shall become due and payable forthwith, or there- a
after. at the option of acid Mortgagee, as fully and completely as it all of the scud 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, without nonce or demand, suit at i
law or in equity, theretofore. os Weseatter begun, may bs prosecuted as ~t ail 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 cult upon this mortgage. or to
foreclose it. or to reform it. and/or to enforce payment of any clams hereunder, said Mortgages shall apply 1
to the court having jurisdiction 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,
hereby mortgaged. as it specifically set forth and described in the granting and habendum clauses hereof, and
such Receiver shall have all the broad and effective fun~tinns and Iw~eers 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 satd Mortgagee, and without nterence to the adequacy or inadequacy of the value of the prop- s
erty mortgaged or to the solvency or insolvency of said Mortgagor and~or of the defendants, and that such
rents. profits, income, issues and revenues shall be applied by such Receiver according to the lien and/or equity
of aatd Mortgagee and the practice of such court.
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above e • ' ns or future advances made within twenty years from date hereof by the
mortgagee to said mortgagors or any of said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of the indebtedn ed hereby at any. one time shall not exceed >
the maximum principal amount of Dollars
(i plus interest thereon and any disbursements made by the the pay-
IPT WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and yeas
herein fiat above written
9lgned, sealed and delivered to the presence ot: /
~ _ u ~
L
lm J. Gra -
a~.Ile F
~ j. _
STATE OF._.:.~I~/~ ~
~ sa. ,
.
ROBERT J. GRACE and ELAINE F. ME~KSTROTH ~
Before ate personWy appeared..........-•---.-----_____......._.._~......_...._----......._.._....-------------_..__..._.........._...
X11 - •
to me well known and known to me to he the individuals described in and who executed th or n tr'q+~ ~ - -
ment, and acknowledged before me that ~.he~r. executed the same for the purposes therein ~ ,Q
s
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~Q,
WITNESS my hand and official seal this. ~.....2._.......day of..___...: N Ig_~•
x
i Notary Public in sad for ry~~ ~
the County and State Aforesald'~.: • - : .
~My commission expires: 3
BTATE OF
ss. -
COUNTY OF...............--•--•-••----• .
Before me persoaWy appeared ....................................._....._._..._.._.---.__...._._.....__..............~.r._..______._._.___..»_..
and to ms wall laiown sad
known W me to be the..........._.._......_......_.._.. dent aad......._.._.__--........_. .».r......».._._ 8ecretarY
r ctivy.; -t fife corporation
nom -the !oregoing instrument, sad known tom to be the persons who Y such officers of d corporation.
executed the e: sad then sad there the said the Wd
a -
did ackaowledgs bs~ton me that said _
instrument Is the free and deed of Bald corporation by the respecgvely executed v such otflcen for the
.purposes therein exp that the seal thereunto attached V e corporate seal by them to Wce capacity af-
~ axed: W under authority to duly vested by the Board of Dire of said corporation.
~Vl'l`Ni1:98 my hand sad ctal seal this...........~__.__»..dy ot_ Ip»__
4t~1'729
1980 APR -2 PN ~ 33 ~
c`°`youa~tyb".na saafw%re.atd-
xy oommLdon esptres:
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