HomeMy WebLinkAbout2658 d. 't'hat ls) In the event of any breach of this mortgage or default on the part of the 1?tortgagor, or Ib? to
the event any of said sums of money herein referred to be not promptly and fully pa?d within ten days next '
after the same severally become due and payable, without demand or nonce, or ?c) in the event each and every
the stipulations, agreements, conditions and ~•ovenants of aa?d prom,ssany note and th?s mortgage, any or either,
ors not duly. promptly and fully performed. discharged, executed, effected, completed, complied with and ab?ded
by. then. in other or any such event, the said aggregatE sum m~•nUoneJ ~n said promssory note then remaining
unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, or there-
after, at the option of said Mortgagee. os fully and completely sa ,f all o[ the said sums of money were originally
atnpulated to be paid on such day, anything in sand promissory note, and or in this mortgage to the contrary not-
w~ihstanding; and thereupon or thereafter at the option of sa,d 1?Iortgagee, without not?ce or demand, suit at
law or in equity, theretofore, or thereafter begun, may be prosecuted as if all moneys secured hereby had matured
prior to its institution.
7. That in the event that at the beginning of or at any time pending any suit upon this morlgage, or to
toseclose it, or to reform !t, and/or to enforce payment of any clams hereunder, said Mortgagee shall apply
to the court having jurisdiction thereof for the appointment o[ a Receiver, such court shall forthwith appoint
s 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, fa
hereby mortgaged as if specifically set forth and deacnhed in the granting and habendum clauses hereof. and
such Receiver shall have all the broad and effective functions and pu~cera in anyw•,se 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 o! the prop-
erty mortgaged or to the solvency or insolvency of said Mortgagor and~or of the defendants, and that such
rents, profits, income, issues and re~•enuea shall be. applied by such Receiver according to the Itan and/or equity
of said Mortgagee and the practice of such court.
above desc 'tional loans or future advances made within twenty years from date hereof by the
mortgagee to said mortgagor ~n title of said mortgagors of the property hereby conveyed;
provided that the total unpand balance of the in a red hereby at any one time shall not exceed
the maximum principal amount of Dollars
1i plus interest thereon and any disbursements made by e),ay-
e um -
IN WTrNESS WHEREOF, the sold Mortgagor hu executed this mortgage under seal on the day and year -
herenn first above written
9lgned, sealed and delivered in the presence ot:
Car A. E 11`ot
~ sit r
Mar ar t J. E iot
STATE OF---..ELG1RIDiA.---...._»..._...) ~
COtTNTY oF. ~.~iT..~~ }1
CARL A. ELLIOT and MARGARET J, ELLIOT
Before ms personally appearsd
to me well known and known to me to he the individual described in and who executed the foregoing inatru-
ment, and acknowledged before me that .-they. executed the same for the purposes therein expressed.
WTINESS my hand and official seal this..----'~-.•Q.-----...day of...»_._....-"~ •~`Y `y~L~~
- .
~c~,"
No Public In and
fo~~l~'•+
. the
County and State Afo ~ _ ~ .
- My commission expires:
STATE OF_.:--• ~ `
COUNTY OF ~ V~ z ~'r -
t ~ .
Before me personally appeared
and....-• to me well known sad
known to ms W be the...........».._.._..._...... .....President and._..._......».._..._.._.._ Secretary
re ctivel of the corporation
Y
nom the foregoing instrument, and known me to be the persons who as such cen of sold corporation.
S~
executed same; and then and there the said ......._._...and the oaf
.......»_.._»_._-__»_.....»did ackrwwledge bef me that said
instrument li the fr act and deed of sold corporation b them respectively executed as such oMcers for the
~ purposes therein expr ;that the seal thereunto at V the corporate seal by them to Ilks capacity af-
~ taxed; all under wthorft them duly vested by the Board Directors of said corporation.
v
wrrNESa my hand d official .sal wa-..---......_._._..... y of...»_....._._ iii.-_--
ffi ,
Notary Public !n and for
the County and 3tsts Aforasald.
![y oommiasion expires:
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