Loading...
HomeMy WebLinkAbout0982d. TMt (aI In the event of any breach of this mortgage or default on the part of the 1liortgagor, or Ibt to the event any of said sums of money herein referred to be not promptly and fully lard within ten days next after the same severally become due and payable, without demand or nonce, or ~cl in the event each and every the stipulations, agreements, conditions and covenants of said prom~s~o~y note snd this murti;age, any or etcher, are not duly, promptly and fully performed. discharged, executed, effected, completed, complied with and abided by. then, ~n either or any such event, the said aggregate sum m~•ntsoned m sasd promsssory note then rcma~rung unpaid, with interest accrued. and all moneys secured h~•reby, shall become due and payable forthwith, or there- after, at the option of said Mortgagee, as fully and completely as if all of the sajd 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 Mortgagee, ~~•ithout nonce or demand, suit at law or in equity. theretofore, or thereafter begun. may be prosecuted as ~I all moneys secured hereby had matured prior to its institution. Z, That in the event that at the beginning of or at any 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 1-iostgagee 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. bsues and revenues from whatever source derived, ea.:h and every of which, it being expressly understood, b heraby mortgaged as it specifically set forth and descr~Eed in the gru~t~ng and habendum clauses hereof. and such Receiver shall have ail the broad and effective functions and Iw~~•crs in anywise entrusted by a court to a Receiver. and such appointment shall be made by such court es an admitted equity and a matter of ab- solute right to said Mortgagee. and without reference to the adequacy or inadequacy of the value of the prop- erty mortgaged or to the solvency or insolvency of said Mortgagor andior of the defendants, and that ouch rent, profits, income, issues and re~enttes shall be applied by such Receiver according to the lien and/or equity of said Mortgagee and the practice of such court. 8. I above descn ' ' nal loans or future advances made within twenty years from date hereof by the mortgagee to said mortgagors title of said mortgagors of the property hereby conveyed- provided that the total unpaid balance of the in a hereby at any one time shall not exceed the maximum principal amount of Dollars (S _ _ ), plus interest thereon and any disbursements made by the mor - IIq WITNESS WHEREOF. the said Idortga;or hu exec herein first above written. Signed, sealed and delivered in the presence ot: - ~/ 2c~- .2.x~~s..~~k~~ ...~x.. -- fhb mortgage under seal on the day and year THIS A BALL jOON"MOTE LOU~MMA JENSE~Y~ \~ ,/ SU9406 1980 OEC -5 AM ~ 00~ C A STATE OF..>sspa=j~-...».._._..__-.-~ Tp MARTIN ~~ CFTC COUNTY OF ..................._....................... ~ PEf~Q~'ERIFIIU__ _--- :. ~' LOUEMMA JENSEN Before ts~• psrsonWy appaared .................._._............._.._._._...._..._...._.........._..._...__....:..---.............._._......._». ....._._ mie well kaoyn 4~-- own to me to be the individual.... described in and who executed the foregoing fnstru- ailt, sad ae>~t-ow>ti~before ms that S.he.... executed the same for the purposes therein expressed. ,:• .. - , -. - ~, ,~ WTl'N)E:~S9.~rty hand and offlcbl seal this....--..~..---.....__ y • r, '; - -- STATE OF--• ........................................ .•-- COLJNTY OF ..............._.._......--•--.-....--•-•-~ ss. Before me personWy appeared.,......... ......... ....._-- --.....__... r4_µ-~-~..- Notary Public in sad for the County and State Aforesaid. My commission expires: 2 /} I ~ ~ s,nd ..................•---._.._...._......_---...... ._._._.....-.r. _......_ ..r....._.._....-........_...._... to ms web known sad known to me to be the.._..........-........__....__._.Preddeat sad_.....__....._.._.._.._......__..._._........_.--.-_-- ...-.-•---.. 8acretary respectively ot .................................._....-..._...._._..__......................__».._.........._.. _.....___..__......_.._....._. th rporatioa named to s foregoing Uutrumeat, sad known to me to bs • penrons who sa suc6 officer of said co floe, ..._ . .............._..........___...._...._..._......_.-..---sad the Wd executed the then sad there the Wd..........._...•_-----_-- ackrwwledge before me that Bald instrument 1s the tree act and d t Bald eorporauon by them reapsctivel~executed u such oMcera for the purposes therein expressed; that the thereunto attached b the corporate seal by them to Wcs capacity af- fixed; ail under authority In them duly v by the Board of Directors of said corporation. WITNE.gB my hand sad of[lcial seal thU.........-...-.--.....day of..._....._.._._..._......_........~._.._......_.., ip.._-- Notary Public 1n and for the County snd State Aforasatd. My oommiaafoa expires: BOWI~~ PIGF ~?