HomeMy WebLinkAbout0948 :t. '/'u Exi~• nN nn~l ar~?~Kular fl~e• ~•uxta, c•horkrx unJ r.~/h~~+~r.•v, tnrltul~~~k luu~yrt'a~ /r•~~H. r.•u I
,r•u~~ahlv u:rt~rre•c/ ur Exiid a! aiiv t~me~ hy a?a~d Murtg u~~•~• hrcuax~• u/ th~• ~uilur~~ ~?n thP ~rt u~ thP i
xu~d MurlA~nf,~ur tu p.~rJurm. ~•~,mpl,v with and abidr ~y ~•ac•l~ a?id e•~~ery thr sl~pulatiunx. ~und~-
truns u~id c•u~~t~ncrnts u~ saul pr~~nt~ssory note and thlac dr~e~d, or e~thE•r, and every aruch /wyme~it
shnll he~ar rntt•rr~st /rum c~ate at the rate vf per c~nl. per annum. I
4. ?i, krE~p shr builrlin~,? nuw ur hereafter on said lanct inxurrd in a xum nut lPSS than
~l,~ I ~ j~ su~ Y bl~ ?l.~ir,.Q doUars, in a ~-ompa~sy or cwnPanies tu ~ npp.~,ued by
.,aid Mu~:XaKe~i~, u~ the~ pul~irY ur policiea held by and pa yable• tv said MortKaKee, and in th~•
~~n~~nt uny suni u( neu~~t~y he~cumes pa able under surh pul~cy ur pulu•ies, the Murtgagee xhal!
ha~~e~ rht~ optiun tu rt~ctvue aiid apply t~e same on acrnunt u~ the i?idehtedneas hereby secured or
tu ~rmil th~ 1Kurtkagor tu rrceit~P and use it, or un,y part thereo~, Jur other purposes, withoul i
thereb,y u~aeuin~ ~r impairin~ any c~yuity lien or right under or by uerteue of this mortga~e, and ;
mav place an pay fur yuc insurance or any part there~j, without waiuin~ or ajjechng the ~
option tu fi~recluse ur uny right her under, and each and every such payment shal! bear intereat =
/n»n date~ nt th~~ rntr oj per cent. per annum. .
5. Tu permet, commit ur su~fer no waste. impairment ur deterloration o~ said pruperty or '
«ny pnrl therevj. ~
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6. Ti~ pc~r~orm, c•omply soith and abide hy each and euerv the stipulations, agreements, ~
conditiuns and ruuena~:ts in said promissory note and in this deed set jorth.
7. ai~y oj said su~ns of monev herein re~erred to be not promptly and jully paid within
days nvxt aftc~r the Ram~ seuera!!y b~come due cnd payable, or if each and
t•~~f•ry the• stipulatia?e+, u~(re~eme•rits, conditiuns and cuvenanta o~ snld pruntiasury note and thix
dre~~ ur E~ither, are~ nnt duly p~•r~i~rmed, complied with and abided hy, the said a~regate aum
rne~r:tiunt~d rn suid prumissury note sha!! become due und pa ~ahle jorthwith or thereajter at the
uptiuii oj th~ Mort~;a~;~E~e as fullv and completely as ij the sai~a~regate sum o~3~~ ~/rJ• ~ ~
do!lars wa originally
stipulat~d tu hE~ paid un such day, anythinl; ln said promissorY note or herein to the contrary ~
r~uttuithsla~idi~2K.
tt_ The Murtka,~ee inay, at anv time while a suit is pendinK tu joreclose or to reform this '
m~~rt~agt° ur tu en~i,rcE~ ar2y clain:~ arising hereunder, apply tu tl~e cuurt hauing jurisdiction
the~rE~oj fiu th~~ appuintme~~:t o~ a rf•ceiuer, and such court shall forthtuith appoint a recei~~er of
th~~ prf~niiscs and itll uther ~rupertti~ couered hereby, inclucfin~; all and singular the income, pruf-
it~, r~nts, issues and rE-i~t~,iut~s jrum u~hatPUer sourcc~ dPriued, and such re~ceiuer shal! haue al/ the
hrund and e~(ec•l~ue~ jun~~i~~n, and puu~ers in anyu~ixe ~ntruxle~d hy a c•vurt tu a receiuer and euch
appuinhnt~~it shal! be n:adc~ b~• such court as an ad?nitted eyuity and a ntatter oj absulute right
to suid Mvrt~agee, and without rejerence to the adequacy ar inadeyuacy oj the va[ue oj the prop-
~~rt,y mort~a ~Pd ur to the sol~~E~ncy ur insolvency oj said Mortgakor or the defendants, and such
inco~e, pro~ts, rents, issut>s and rec~e~iues shall be applied by such receiuer according to the lien
of this murtKakE~ and the practice of sucit court.
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_ ~tt ~itttcss ,~i'lkjcrrnf, the snid Mortgagor herPUrttu sets his itand and seal lhe day and
year jlrst ahut~c~ toritte~n.
tiigned, ti~alcd and [)elivered in Presence of:
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~ G. A~ITHONY
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aooK 445 P~;E 9~8
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