HomeMy WebLinkAbout1074 d. That ta) la the event o! any breach of this mortgage or default on the part of the I?tortgagor, or lbl In
the event any of aai0 sums of money herein referred to be not promptly and fully pud within ten days next
attar the same severally become due and payable, without demand or not,ce, or ~c? in the event each and every
the st,pulations. agreements, conditiotu and ~•ovenants of sa?d prom?ssnl y note and this mortgage, any or either,
are not duly, promptly and fully performed, discharged. executed. et[ecteJ, completed. compUed with and ab?ded
by. then, in either or any such event, the said aggregate sum ment?oned ~n aa?d prom,ssory note then rrma,rung
unpa,d, with interest accrued. and all moneys secured hereby, shall become due and payable forthwith. or there-
after, at the option of said Mortgagee, as fully and completely as if all of the sa?d sums of money were originally
stipulated to be paid on such day, anything in sa?d promissory note, and • or in this mortgage to the contrary not-
withstanding; and thereupon or thereafter at the option of said 1?tortgaRee, ~eithout not,ce or demand, suit at
law or in equity, Weretotore. or thereafter begun, nsay 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 say time pending any suit upon this mortgage, 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 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, each and every of which, it being expressly understood, V
hereby mortgaged as it speci[ically set forth and deacr,ted in the Rrufting and habendum clauses hereof. and
ouch Receiver shall have all the broad and effective tuncti~ns and pu~eers in anywise entrusted by a court
to a Receiver, and such appointment shall be made by such court as an admitted equity sad a matter of ab-
solute right to sold Mortgagee. and without reference to the adequacy or inadequacy of the value of the prop-
erty mortgaged or to the solvency or insolvency of qid Mortgagor andior of the defendants, and that such
rent, profits. Income, issues and re~•enues shall be applied by such Receiver according to the lien sad/or equity
of said Mortgagee and the practice of such court.
8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation
above descr,bed any additional loans or future advances made within twenty years from date hereof by the
mortgagee to paid mortgagors or any successor in title of said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed
the maximum principal amount of _ Dollars
ti plus interest thereon and any disbursements made by the mortgagee for the pay-
mr-nt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements.
IIV VNITNES3 vVHERisOF. the said Mortgagor hu executed this mortgage under seal on the day and year
herein fist above written.
9lgned, sled elivered in the presence of:
W
W1 lent J . meron
Mr . .
Ma B. eron
STATIl: OF._~~?P ~1»~ D~_.....
courrrY oF. 1...~..~.~-~ E....-. ~ a`
Before me personally appeaaed......_WII+~I~_.~'.s. :$Q~._.~!~4;._.~4,~...~..~~~Q~..~.._._
• ' t~~•mlf•ss and known to me to he the individual.,S. described in and who executed the foregoing instru-
- ~ ••`~.~~tK~wledged before ms that ~.he_.y executed the same for the purposes therein expressed.
. .
~ :r :.Wt1'A_Tl!'.S3 my hand and official seal this_.....1 y
- r.L., ~ ~ ~ -
- ~ -
• ~G`.
k ~ ' rr- otary Public in and for
f~ •irJ' ••••~,i,•~••,••~~C~- the County and 3Lab Aforesaid
~ ? , • My commission expires:
Before me personally appeared.-.....-•--• ......._....._...._----_.._M.~~..._...._..._......»...~':.":'.=.
and_...-._----------------------_......_----»_..._»._.__..._._.._----_.............. W ms well known and
k
known W ma W De the_.......---_.._.._.»_._.._.......Preddeat and..._.._.._._......_._._._.-_......_...._....._._._.........._._....__ Secretary
respectively ot the corporation
named in the foregoing irutrumeat, and known to me to be the penau who si such otIIcess of uld corporation.
executed the same: and then and there the sald__...-_.........._......_......_._.._...._.....____._.._.......__» ................._...aad the said
t ._..dld acknowledge before me that said
d
Instrument 1: the tree act and deed of said corporation by them respectively executed v such officers for tbs
purposes therein expressed: that the seal thereunto attached V the corporate seal by them In like capacity af-
fixed;Wunder authority In them duly vested by the Board of Directors of said corporation.
t
wi'rrf>c88 my hand and official seal tht. ............._».»._..day ot..»..._».._..._...... IY_.._
i
~ Notary PubUc m and for
i the County sad Stab Atorasatd.
X80 JU~I -3 15 >~y comra,a.l~, exptrea:
f £g AN I'ECOItU[0
P~li1TRA8A.
` itst~ iLAti:WT C t
7
jii
-