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HomeMy WebLinkAbout0860 6. That (a) in the event of any breach of this mortgage or default on the part o[ the Mortgagor. or (b) in the event any of said wens of money herein referred to be not promptly and fully paid within ten days next after the same xverally be- come due and payable. without demand or notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this tnoctgage. any a either, are not duly, promptly and fully perfotiaed, dis• charged. executed. effected. cnmpkted. complied with acrd abided by. then. in either nr any wch event. the said aggregate sum mentioned in said praniswry note then remaining unpaid, with interest accrued. and all moneys secured hereby. shall become due and payable [orthwith. or therea[ter. at the option of said 1ltortgagee, as full and completely as if all of the said sums d tbouuey went originally stipulated to bt paid on wch day. anything in said ptotstissory mote. and/oft in fhb saort- Rage to the contrary notwithstanding; and thereupon ar thereafter at the option of said Alortgagee, without notice or de- mand. suit at law or in equity. theretofore. or therea[ter 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 pendits~{ any wit upon chic mortgage, o; to [oreclox it, or to reform it. attd/or to entortx paytsunt o[ any claims hereunder. said 1ltortAagee shall apply to the court has•inq juri+diction thereof for the appointment o[ a Receiver, such court shall forthwith appoint a Receiver o[ .aid mortgaged property all and singular. including all and singular the Hots. income. profits. icwes and revenues from whatever source derived, each and every o[ which, it being expressly understood, is hereby mortgaged as it specifically set forth and described in the granting and habendttm clauses hereof. and wch Receiver shall have all the broad and effective [unction. acrd powtn in anywix entrusted by a court to ti Receiver.:nd wch appointment shall be made by such court as an admitted equity and a matter of absolute right to said Mortgagee, and without reference to the adequacy or inadequacy o[ the value of the property mort- gaged or to the solvency or insolvency of said \[ortgagor and/or o[ the defendants, and that wch rent-, profits, income, i:- suts and avenues shall be applied by such Receiver according to the lien artd/or equity of said Afortgaget and the practice of such court. - E R. It is understood and agreed that this mortgage is given to recurs, in addition to the note or obligation above de- scribed any additional loans of tutun advances made within twenty ~•ean [rom date hereof by the mortgagee to said mortga- gor or any successor in title of said mortgagors of the property hereby conveyed: proridrd that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed the maximum principal amount of - [Ibllan (s----- - - • plus interest thereon and any disbursements made by the mortgagee [or the payment o[ taxes, levies or insurance on the property encumbered hereby. p'h`i s is a °Ba'Y~oonbmor`~t a e and the f i na 1 gt`~ payment or the balance due upon maturity is X20,800.00 together with accrued interet, if any, and all advancements made by the - mort~a~ee under the terms of this mortgage. I. N ITNESS WHEREOF, the said Aortgagor has executed this mortgage under xal on the day and year herein fit:t above written_ Signed, sealed and delivered in the presence o[: ----q_ - _ _ . - - - /fit . •dw (sEAL) - - BLS RODR UEZ (SEAL) ' HILDA RODRIGUEZ ' STATE OF .._F~QI'i~ - . covNTY of _ ..Martin ~ s~ Be[ore me penonal[y appeared ___-BLAB- M. RODRIGUEZ and HILDA RODRIGUEZ, his wife, to tree well know and tnawn to me to be the individual S_ described in and who executccl the foregoing instrument, and acknowledged bt[on me that the J/ executed the same for tl~e purposes thtreirt expressd. . ~ September ~0 ~~'1TtiESS my hand and official xal this - . clay o[- . _ __,,..-..._.,-19 - N racy Public in and [ ~ rt-'~-- ~--J - = e County and State Aforesaid. • t; i r~ = Aft' commission expires: - ~ STATE OF - - ~ - Before ttte personally appeared - - - - - - - . _ - - - and - - - - - - - - - _ to me wel! known and known to me to be the . _ _ President and - - _ - _ Secretary respectively of - - - - _ _ ,the corporation named in the [otegoing instrument, and known to cot to bt the perx?ns who as such o[[icers o[ said corporation, executed the same: and then and there the said - - _ - . - - and the said _ did acknowledge before me that said instrument is the free act and deed of said corporation by them respectively executtd as such n[ficers for the purposes there- in expressed: that the seal thereunto attached is the oorponte xal by them in like capacit}• affixed: all under authority in them duly vested by the Board of I)irecton o[ said cotpontion. WITNESS my hand and o[ficial seal this .day of . . 19 5(~?i403 n ~s~U ~Ct _7 ~j 2= ~ 7 Notary Public in and for the County and State Aforesaid. f1~EC aft[ c'tCra~f C My commiuion expires: SLIUr!f CCL'N'Y.flp eoofa ra ~ [tas CLERK CIRCL" CrGST t t rtn r r ~ « 600K PbGE - '