HomeMy WebLinkAbout2195 ~ fi~E~s, reci,~~o~icel~~j inutc~v•E~c~ or
paid cct any tim.e b~sctid .~I~~rt~a.~ee Le~~eceisa of t1ic~ f«il~w•e
o~e. t~te ~~urE uf t/rE; sieicl ,hlort~cc~'ur to perfurnt, io»tJ~lr/ tui~le u~ic~G ~eLid~ l,U e~ur./~. a~ir~ ~
er~er~/ tl~ .~tiptcli~tiuiis, cu~acaitians anc~ cov~~ia-~~ts of'saic! promiss~,r{/ ~iu~feu~ecl t/~is dc~ect,
• or eitlt~~~, a~ncl e~ve~~~ stc~,/u Ni~~1r~.e~et stac~ll b~;ccr iiite~~est f~~w~t date uE llc~ rute of s~x
~fr ce~it. Ne;r u~a~~tcm.
l~. To 1~~eep th.e Licil~~ing notu or IePrenfter o~a said lund i~lsur•e~l. iiz rr, srim not less
thu.~e highest a.n~urable vaYue {,~fl~'pl~~+; in Q coni~~ay ~r cr~neNcticies to 1~ -
appruvc~d L~ sccid .~la•t,~ke~ee, ~a~ac~ tlee polie~ or polieies Itekt L{/ ctntl pce~tible to said
,1l2~ort~a~+ee, a~a~ i?~ the eve~it an~~ s~c~n of ntoneJ becomes pu~/nLle i~?eder ,~~cclr. pulicy or
polieies, t/ee .~3lu~~t~s~i~e~ a/~ull have t/«: u~~tio~t to reeeive caitc~ a~r~~l~/ t/rc .vct»ec: o~a cteeotcnt
of th~ indeLter~iiE~ss lrereb~ ~~ccrcre~l ur to per»ait tlie .~Uurtga,~ar tu i•eceic~e antd iase it, or
anJ ,r~tcrt tle~?~eof, fur otlr.er ~rarp~ses, iuitl~orct tl~ereb~ wacui?t~ a~ inepcciri~i~ c~~ty eqtcit~/
_ lie~a or ri~/t~t ce~ecler ur L~ uirt~ce uf' t/iis ~nort~,da~e, u~~d nta~ ~~tu4~e n~~i~ ~~uy for sucla•
- insuru~ac:~ c~r un~ ~~cj•t tleereof, wa~lcvut waivi~ea~ or u.ffecfi~e~ the o~tiui~ tu fureelose or
" , ani, rig/ct I~eretcu~~le~~, ct~td euc/t a~cd ever~ sieclt paJ~rte~ct ,sh«ll l~r~ur ti~~cra,vE fi~ont ~~te
a.t the rute of' six per cerit, pej~ an~accna.
~'o ~ermit, co~nmit or suffsr no wc:,.ste, i~rtpairnte~tt or t~eteriorcttion of said
property or an~ pa•rt tl~ereof.
6. To perfornz, comply with arac~ abide b~ eaela and eve~y tlie sitpulations, a~ree~-
' rn.ents, ~onditio~is cc~id eove~tants in said promissorb ~aote a~id in flais deed set furth.
- 7. If a~ay of suid sic~ns of money herein referred to 8e not promptly and fi~lly pa.id
, within thirty ~ys next after the sa~rne severall~ beconie dree and pa uLle,
or if ec~h u~td everJ tlae stipulations, a~+'reements, conditions and couenc~~ats of suid
~ pro~nissor~/ ~aote c~nd t)~is cteeat or eit)cer, are not dul~ perfor~r~cd, conaplied with and
abided Ly, t/ie suic~l u~s~re~ate su~n mentiwn~d in said prontis.~ory note afiall ~econte
due and fx,c~czble fort/iwitli or tle,ereafter at tJce optio~a of tlte ,#~urtgct~ee as fully and
cvm~letely as if tlr~e suid a~~re~sate su~n of Eleven Z'housand Five Hundred------
_ (l.l , 500. 00 j-~----~--_- dollars wccs ori~'inallJ stipulated to Le paid on such duy,
~ . anyt/iin~s i~a said promissory note or )cerein to tlce contrar~ ~aotwitlesta~tding.
~ ~ S. Tlae .~l.t ~urf scr ~ee ~raai at a~ai tinie iuhile a sicit is e. '
~ J~ J p rt dc r~ to f ureclose or tu r~fornt
~ tliis nioi~tgczge or to e~aforce any claims a~ZSi~~~ 1rPre~cnder, a~vply tn tiee court lravi~i~~ ~
~ ~ j~crisdictioi~. tlr.ereof f'ur t)ae a~u~voi~itm.ent of a receiuer, a~ad• s~cc% corcrt shalt fortlcwith.
r ct,v~poiiat u. recei.ver of tlee ~rentises a~ad al.l ot/ter ~rupert~ eouere~l IcPr~e L~, iitcludin~ ull
and si~~~secucr thc i~r.co~ne, profits, re~its, i.ssues and revc~ii~ces fi~o»L zuhutever source de-
~ ri•vecl, und suc/a receiver shall have all ~he L~•oad ~cred effeotive fu~ccliuns an~ powers in
a?a~zuise e~ctrttsted LJ u cuu~~t to ac receiuera~tc~suclL a~upoiiatmeiat .shttll Le mctcl~ by .Swc1t
eor~rt as u~r~ a~ln~ittecl eqrcitJ und a nact.tter of uLsoltt•te ri~fl~t t~ sai.tl• ./Vort~a~ee, and
~ zvitlcout re ereiace ta flee ade tcacr or• inade ccacr o tJce v¢lrce o tlre io ertr nzart-
~ f 9 J J f f P'f~ J
~ ~a~ed or to flte sulvencc~ or i~asolvenc~ a
f saicl .JlTort~2~or or t lce de
fe~tclct~cts, und ,such
~ zncome, prufits, re~ats, issues and reve~atces sJr.crll Le a~~~lie.~rl L~ srecla ~~ecc-ivc~r accordin~
to tlie lie~e of tlcis mort~sa~e arad tlie ~ractice o,~'sicc.lc coiart.
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In Witn~~ ~heretaf~ the tatd Jltort~a~?or hereuhtv ~ eet~ h~€a hand ai~d
~ seal the day and year )irat above wrttten.
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~ 3i~ned, Sealed and dered in Pr~eence of: . - .
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CLOTILDE I~ . T14?YLO ~
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AO~A PAGf J~~
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