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HomeMy WebLinkAbout0787 _ ~ d. That (al la the event o! any breach of fhb mortgage or default on the part of the Mortgagor. or tbl In the event any of said sums . of money be»in referred to be not promptly and tally paid w,thin ten days next after the same severally become due and payable. without demand or notice. or tc) in the event each and every the aUpulations, agreements, conditions and covenants o[ slid promissoiy note and this mortgage, any or either, are not duly. promptly and [ally performed. discharged, executed, etfecte.l, completed, complied with and abided by, then. uh either or any such event. the aid aggregate sum m~ rationed in aa,d promissory note then remaining unpaid. with interest accrued, and W moneys secured hereby, shall become due and payable forthwith, or there- after. at the option of said Mortgagee, u fully and completely sa if all of the aa,d 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 1?tortgagee. without notice or demand, suit at law or is equity. theretofore. or thereafter begun, may be prosecuted as it all moneys secured hereby had matured prior to Its institution. Z. That is the event that at the beginning of or at aa~ time pending any suit upon thL moregags. or to foreclose !t, or to »form !t. and/or to enforce payment of any claims hereunder. said Mortgagee shall apply to the court having jurisdictloa thereof for the appointment of a Receiver, such court shall forthwith appotat • Receiver of said mortgaged property all and singular, including all and singular the rents. 1flOOme. profits. issues and revenues from whatever source derived, each and every of which, it being expressly understood, L hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof. and such Receiver shat have all the broad and- effective functions and lx,~~•ers 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 aD~ •olute right to said Mortgagee, and without reference to the adequacy or inadequacy of the value o! tM prop- erty mortgaged or to the solvency or insolvency of said Mortgagor andior of the defendants, sad that such »nts, profits, income, issues and rerenua shall be applied by such Receiver according to the ilea and/or equity of said Mortgagee sad the practice of such court. - t is node food and a that this m gage is given o o note or o , ion above • additional Dens or tutu advan i in two y years from ate hereof the mortgagee to ~ id m r any au i e of mortgagor of the grope y hereby co eyed: provided that a total tin indebtedness red here y at any one me shall no exceed the maxima pri tot _ Dollars (i lus interest t ereon and an dis u b the ortgagee to the E,ay- ta s, levies or i urance on th property enc betel -here ,with in e II1 W>TNi1;33 WHERl~OF, the Bald Mortgagor has executed this mortgage under seal oa the day and yeas herein first above wrrttten. Stgned. sealed and delivered in the pres~e~nc~e~ot: i9~ JUI. -3 AM il~ I S1~ftJ~CIE C~ITYA. ROHEIt POiTRAST 61EWt CRtf~llt 60118 STATiC OF... cOtn~TY oF..! 491'723 Heto» me personally appea»d.___._..._PAUL G . MILLER tp mt 1.#tT~Owa and known to me to he the individual.... described in sad who executed the foregoing lnstru- li ~ ed before me that ._.he.... executed the same for the pu therein expressed. ~ ~ ~ ' - ~ my head and oiDctal seal this..........~_it~ day oL.._........ ~ ~ - ~ ' ~ ~ ' 7 f Notary Public in sad for . ~ ~ the County sad State Aforesaid. . s• My commission expires: g • 3- S3 STATit OF...~.».........-........_._ . ss. • Before me peraoaally appeared_-_......__...__._.._......_..___._..._._........_....... .._.._...r aad......._......_.___...._...._.._........._......._._.._.. to m• a kaowa sad knoMrti to me to be the.._.........._.........._.~......_Prwldaat wd.._.._..._...__..__~ tart' reapec volt' of .the oorporauon named is s foregoing instrument, ae?d known me to bs the persons who as [Dears of said corporatloa. executed the sad then sad the» the said...__. sad the Wd .Mw _ ackao~wkadge befo m• that said instrument V the free act of said eorporatioa by them tlvely executed as such ottldrs for the purposes therein expreased• the seal tbereuato attached V rporate seal by thews la like capacity at- axed: W under anthorlty in -than vested by the Board of Directo t said oorporaUoo. oVTI'NlSS my hand sad this-..._.. .day o[ , lY.._.._ 6 Notary Public !n and for the County sad State Atosesatd- l[y oomailaNon exptew: X334 P~ 787- ~