HomeMy WebLinkAbout0588 A. That (a) In the curet of any breaN of this mortgage or default on the part of the 1lfortgagor, or Ib? to
the event any of said sums of money here/n referred w bs not promptly and fully paid wuhln tea days next
after the same severally become due and payable, without demand or nonce, or ~c? in the event each sad every
the stipulations, agreements, conditions and covenants of said prom?ssoty note and this mortgage. any or either.
aro aot duly. promptly sad fully performed. discharged. executed. ef[ecte.l, completed. complied with and abided
Dy. then, to either or any such event, the ss1J aggregate sum m~•nt~oned ui sa,d promissory note then rcmaitung
unpud, with interest accrued. and all moneys secured h~•seby, shall become due and payable forthwith, or there-
after. at the option of said Mortgagee, u fully and completely as it alt of the sod sums of money wero originally
stipulated to be pall on such day. anything is said promissory note, end • or in this mortgage to the contrary not-
withstanding• and thereupon or theroatter at the option of said >[ortgagee, without nonce or demand. suit at
law or is equity. thesetoforer of theteattsr beguq may be prosecuted as u all moneys accused hereby had matured
prior to Its institutloa.
Z. That N the curet that at the beginning of or at say time pending any cult upon this mortgage. or to
torecloae it. or to reform lt. and/or to saforw payment of any claims hercundar, said Mortgagee shall apply
to the court loving ~usisdfegoa thereof for the appointment of • Receiver. such court shag forthwith appoint
a Receiver of said mortgaged property all and singular. including all and singular the rents. income. profits.
issues and revenues twm whatever sourq derived. ea. h and every of which. It being expressly understood, >a
hereby mortgaged as it specifically set forth and deacnbed in the granting and habendum clauses hereof. sad
such Receiver abaU have all the broad and effective functions and Ix?~eers in anywise entrusted by a court
to s Receiver, sad such appointment aluli be made by such court Y an admitted equity and • matter of ab-
solute right to said Mortgagee. sad without reference to the adequacy or Inadequacy of the value of the prop-
erty mortgaged or to the solvency or Insolvency of said Mortgagor and/or of the defendants, and that ouch
rests, profits. income, issues and rc~•eaua ahW be applied by such Receiver according to the lira and/or equity
of said Mortgagee sad the practice of such court.
8. - gage i .
above descry ditional loans or future advances made within twenty years from date hereof by the
mortgagee to paid mortga ccessor in title of said mortgagors of the property hereby conveyed; •
provided that the total unpaid balance o redness secured hereby at any one time shall not exceed
the maximum principal amount of Dollars
(i plus interest thereon and any disbursemen a ee for the pay-
.
IId W1TN>rS8 Vt?IiSREO!'. the said I~Rottgagor bas executed this mortgage under seal on the day and yeti
herctn first above written.
Sfgaed, sealed and deUvered lu the presence ot:-
~ Cement T' Hoag , Jr .
?'~.d-Lsc.G
- ~o
"'mule - rie schke
Do ores H. Hoag n
sTwTa og..._._..~~C~H.I.GAN_..~...._
as
cotirrrY oF..__..~~ce~..._..--------
Befors me personally appeared._.~. .~'i.FMFNT„5,~.„N(~A(_T.ANj~~$,~,,.g~.,,IIp~g._~~.~
HOAGLAND_, _ hi s - wi f e
to me well known and known to me to be the individual,g. described in and who executed the foregoing Instrw
meat, sad acknowledged before me that .they.. executed the same for the purposes therein expressed.
I
WITNE33 my hand and offlctat seal this.._.Ist...._._._.....aay of.~&~...~........_..._ 10_.$()
` 495263 _
I ~~N .fM1~ NoM pubac is sad for J n F . Kiley
~ ~ Aa1i7 Rt ?ty 3T the ty sad State wro d.
My commission expires: Ma2'Ch 14 c,
~ 13TwT>U oF F EO ~?M FECOROEO
~Ly~~ r
_
E c7oUN'1'i OP'. R06ERPq~RA~A ~•••~,:•.,1~ ~
C1,ERK COICUIT COURT . ~i ~ ~ s : "
Before me personaIIy appeRtrYEAtFIEO--" 1
knows to as to be the _ deaf and.~....._ # ,~~gr+stas~~ .
- ti v.-~`'
respectively of ~t~~ t
named to the fOregOlag t. and 1[aollra to tae to be the pereotla who Y such olscere of Mid t{~t~=~
~ ~.._......__._..__......._..._......_....._aad rite Mid
8 executed the same- then sad there the sald..._..__...._...r. {
~ _
~ acknowledge before me thit raid
- ins t V the free act sad deed of said corporation them respectively ezecuted u such otflcen for the
f therein expressed: that the seal thercua Cached V the corporate seal by theat is like capac/ty at-
:all under auWority in them duly vested b e Board of Directors of said corporation.
3 -
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E W17'N11C88 my hand this_.._._._...~.._..~.....day of
...............r_..........._.._. 1t1..~
~ Notary Public and for
~ the Oounty State Atoseesid.
Hy expires.
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