HomeMy WebLinkAbout0997 A. That (a) la th~ event ot any breach ot thls mo~t~~e o~ default on th~ part ot th~ Mort~ r. or lb~ la
ths event u?y ol aid sums ot moe~y he~eia ~ete~ed w be not promptly a~d luAy patd wlthfn~ days next
atter the aame severally become du~ and payabl~. without demand or not~ce, or lc) !n th~ ~vent each ar?d every
the sGpulattons. agreementa. coed~t~on~ and covensnts of ~aid p~om~ssory note and tAis moetgage, any or elther.
are not duly. promptly and tully perto~med. dischsrged, executed. ~ilected. completed, complied witb and aDidcd
by, then. ia e~thee or any sucb ~vent~ t1u ~aid a~gregate sum mentioned un aa~d prom~ssory note then remsuung
unpald. with Intereat acerued, snd aU money' Kcured hrreby, shall become due and payabl~ torthwith, or thera
atte~, at the option ot aald Mort~sgee. as tully and complatcly a~ ii all ot the aaid sums ot money were originally
~tipulated to be pstd on auch day. anythtag in ssid promiasory note, andior in this mortga~e to the contrary not•
withstaading• and thec~eupon or lhereatte~ at the optioe o[ aald 1?tortgasee. without eotlce or demend„ suit at
l~w or ip eqWty. th~ntofor~, or thereattar Degun. may be pcosecuted a~ lt al! moaeya aecured henby had matund
prior W its institutlon
7. That ia ths evet?t that at the Oaginnlna ot or at any time pe~ding any suit upon thts mo~tgage, or to
forecloae it~ o~ W reform 1~ and/or W entorq payment ot any clairru hereunder. said Mortgagee ehaA apply
to the court having ~urisdietlon thereof for the appointment ot a Receiver. auch court shall forthwith appoint
s Recelver ot said mortgaged property a11 aod singular. Includ[ng all and singular the rents. lncome. protits,
f~sues and revenues tmm whatever source deNved. ea.~h and every ot which. it beina expnssly understood, u
hereby mortgaged as it apeci~ically set torth and descnEed in the granting and habe~dum clauaee heccot, and
snch Receivsr shall have aU the brosd and eftective functio~~ and powera in ar~ywise entrusttd by a court
ta a Recefver. and auch appointment ahall be made by auch court as an admitted equity and a matter ot ab~
~oluta right to aald Mortgagee. and without reterence to the sdequacy or inadequacy ot the value ot the prop- .
erty mortgaged or to the aolvency or insol~ency of said biortgagor and/or ot the detendanta, and that auch
rents. pmlits, income. i~ues and ~evenues shall be applied by such Receiver accoMing to the !!en aad/or equity
oi aatd l~ostsar~ee and the pracUce ot sucA oourl. .
IIV W11'rIF88 WHSRDOF. the aald Mortgagor has executed this mortgage under neal o~ the day end yeu
herein tirst above ~vritten. -
3l~ned. se d delivered fn nce ot: ~
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. ~S ' ` STANLEY. C . LOTT
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'^~'-~a~p ~ tt~p ~~jQ me to Ae the individual._.. dwcribed in and who executed the foregoing instru-
"~•~i~n~~' me that ._..he.... acecuted the same tor the purposes therein expresscd.
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~ - • 9~~,. ~ ' ~ ana ornciat cnis_.__. 2nd Jul _s~ 1
i , 4]~ ._......_.._...d~y oL..__.w__~._.._....Y.... iw ~
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_ ~ ~Zy ~~ri 0{~16~~' ~ 0 a 7 ~ _C~~%~~. . }
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~~tary P~bllc in aad tor ~
~~4,,~ the County and State Atonaald. '
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STATE OF My commt~s~on expires: .~lt- 0?7 ~ _
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OOUNTY OF......--°°---_.._ ~ ~
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Before me persoAaUy appeued
and......._---•--.._._.:......._._......___......._...._.._._._.........~r...:.._.._._ W ms well knoara and ~
known to me to be the....---_.__...__._..._._._.._..»...Preddent and....._._.._.._.........._.._.._.._....._..-----------__......_...__ Secretar~
respectively ot tbs corporatlon
named In the toregoing instrument, end known to me to be the perwn~ who a~ sucL oMcer~ of u!d corporaUoa.
~
eaecuted the aame: and then and thers the ~afd....._..._......_. _aad Ws ~alA '
.................._._._....._._.e...._........ d14 acknowledas befoe+~ me that ~a1A
~ 1n~trument Is the iree act and deed of said corporaf3on by them respectlvely euecuted u iuch oMcsr~ for th~
~ purpoaes therein expressed; that the seal thenw?to attached b ths corporate aeal by tham fn Wcs capulty at-
tbced; all under authorlty fn them duly veited by the Boud of Dlrectors of sald corpontlon.
~ WITNE38 my hand aad oiHcial seal this...._..•-----__..__...day of...~....._..__._...____._.__..____~....._.., lY.._.._
19~1 SU'_ P'~ 12 54 -
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~f C~?~~ Notary PubUc in and for
. f~L~ ~t~ GU;i~ Y f Lr • the County and State Aforesald.
S..LU 5 ~[y Commfa~loII esplrea:
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