HomeMy WebLinkAbout0016 6. Thst (a) In the event of any brcach of thia mortgage or detault on lhe pYrt of the Ttortgag~., or lb? ln
• the event any of aaid aum~ ot mnney harein reterred to bc not pramptiv nml [ully pai~i w~thin ten ~ays next
. hdter thc same aeverally be;,ame due nnd pAyable, without demand •~r notice, or ~~.1 ~n ihe e~•cnt eAr.h aiid e~ery -
the et~palati~ns, agreem~nts, con~litiona an<f ro~•er~ant, c~f s:ud prom~s~my n,~te Atl(~ I.'l19 m~~rtbage, ~ny or either,
sra not duly, promptly and [ully pertormed, dischs~~ed, executed, efl~cte,t, r~mpleted, compl~ed ~~~ith nnd abided
- by, then, in e~ther or •ny such event, the 9s~~ e~gregate sum m~~nUnnc~l ~n sa~d E~minwsory note then rema~ning
unpaid, with int~ceat accrued, and all n~oneys ae~:u~•ed h~•re5y, sh.~li bec~?me due and ~-~)•able forthwith, or there-
stter, ~t the option ot said Aiortga~ee, ss fully anil completcly R:+ 1f ~sll ot the saui ;ums ot mo~~~y ~~~ere ariginally +
eilpulated to be pari ~n such ~lay, anything in sn~d protnissory nnte, nn~! or in th~s niort~uge to Ihe contrary not-
withstr.nd(ng; An6 thereupon ar thereAtter at the opti~~n nt sa~w Atort~;a~ca, ~~•ithout notice or demand, aui[ a+ _
18tv or in equity. theretofora, or lhereatter begun, may be prosecuted as it nll mcneys secured hereby had mabtred
prior to tts Instttut.on. {
7. That tn the event that nt the beginning of or at any tima pendir~g any suit upon thl~ mortgage, or to 3
fortclose it, or to retorm it, euid/or to entorce payment of any slaims h~~reunder, ~aid riortgagsa ahsll spply E
to the court having jurfsdictian thereot tor the appuir~trr?ent ot a I~eceiver, auch court shall forthwith appoint =
a Receiver ot eaid mortgaged property all Rnd ~ingular. including all ar:d s~n~~inr the ren4s, income, profits, 3
lsauea and revenues tram whatever aource derit~ed, eArh and e~~eiy of ~~•h~ch, it hemg expressly underatood. ia ;
- hereby mostgaged a~ it specifically set forth ~nd dascr~ted iy~ the ~r?nting an4 hsbendum clauses hereof, and ~
ouch Receiver shall have all the ?~road and etfecti~~e tuncti~ns and pu~~•~~s in •tny~~~ise entrusted by a court. ~
to Receiver. and such appointment ahail be made by such court ss esn admittrd equity snd a matter ot ab- ;
- eolute right to said Atortgagee, and wit:~out re[erence to the adequacy or Ii19d8q118CV ot the value of the pro~- ~
erty mortgaged or to the solvertcy or insolvency af said afortga~o~ and io~ ot the defenJants, ~nd that $uch -
rtnte, pro!its, income, issues atid re~•enues shall be apptied by such Rece1~•er according to the Uen andfar equity =
- oi satd Mortgagee and ths prectice o[ such court. j
~ abo e described an~~ a or future advanccs made within twenty yearc [rom date hereuf~by 4the ~
morigagee to said mortgagors or any s ~ title of said mortg;igors of the property hereby conveyed;
- pcovidc~l that the total unpaid ~balance of the in e ured hereby at any one time s~all not exceed
the maximum principal amouM of • - Dollars ,
- (s plus inieresi thereon and any dis~iursements i~~ade-by e or the },ay-
IN WITNESS ~YHURE~R', ti~e rsid Mo ~tisagor t~ae executed this morigsge under ~eal on the dgy and year
he:ein first aDove w~ritten. } .
9lgned, aesled and delivered in the presence of: _
~~ti~..~~:~
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':covrr~c o~ ~ ~ .d`' - ~
sl .~~~e B~fore rde ge~aonWY ~PPeared........--•----•-•._.1~•p ...~.~_..~R.ST_....._....A:~?.Q .............l~.Q.w~.~.
_ ~ C~ ~ ~ _ . . O . s Gvi s •-F'e. -
.~+.L~:.. : ...........................~----------•-------------._~~_..~t......._---......_.4~?.1.--------~---........ .
_ . . ~ .
~ tis`~~•tp ~aye :wei~ kfia~~? and kno«-c~ to me to hP the indiv+dual described in euid who executed the toregoing insiru-
rlneitic,,p,n~'a~ltit+2wledged before me that TheY_ exeeuted the same for the purpose~ Lherein ~acpressed.
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. - WITNESS my hand and offtcial eeal thia....-~- ~-•-•-----day ol.......... .i~.Z.a'~ 19.~...
~ . ! _/F•' =:'n'=•~ _
- *`otary Public !n ared for
~ - ~ the County and State Aforesaid. •
1~'!y commiasion expirea: ~ Z ~ r~
ST T~ OF . ?
'ss. - =
~ CO OF--••--•• - #
~
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tare me persenally app ed.....••-•-•-•-•-•---•-•-•--....._...._ ~
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' and ta me well kno and ?
known to ma to bn the •--•Preai~ent ancl-----_.............._.._--•--._......._. 3ec ~ -
re~pectively of the corporaU ~
named~ in the fore ing inntnunent, !+nd known t e to be the geraon~ who a~ euch of . n et safd corporation.
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cxecute~ c.::: stmc; d then and there the ~said........ -.:....._...and ths seid ;
.--•--•----......_......._..dfd uknov~ledge be me the?t ~atd
lnatrument is the tre~ ac nnd deed of satd corporation by t e•~ap~ctively executed ea auch o ere for th•
• purposes th~Fein expresse : that the aesl thereunto attached the corporate 'eal bg them tn likn paclty at-
fixed; all under authorlty 1 ttem duly vested by the 3oard oi D ctors of aaid carporatioa.
- ~VTI'NER9 my hand aad oftlcial u~l tt~ie-•---........_.___.....day 1~.._.._
, _
fIL~'_~ ..H': •._~.~~:~c~ -
, ~
, ~ ST.~:f~.;:. .•":tkTY =LA. _ Notary Public In end for
F;;: ; AS j~ the Gaunty and State Atoresaid.
_ CLeP.K ~ .!:i ~C~JR7 D
• acr~: . y: ~:r- - Jyiy cammiadon expiras: ~
- ~ Mar 1~ a PN'15 - - v = ~
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