HomeMy WebLinkAbout0992 6. T~t (a) la tA~ ~veut of any b~acA ot tAb mortsar or ddault on the pnrt of tl~ Mort~usor. ar 1p1 W
the ~v~nt any ot sald aurru ot moe~y A~nln ref~rnd tc p~ not promptlp and tully pald w~tAln ten day~ next
att~s tM aam~ ~everaily bscom~ dw and payabl~. arfthout Qemand or not~ce, or ~c) fn the •v~nt each and ev~ry
th~ atipulatlons. arreementa, cot?ditlona aa~ ~vvenartta at ~ud pmmissoi y note ~nd thfi mortga~e, any or tither,
an not duly. promptly aad tully peKorm~d. dlacb~rged, e~cecuted. ~t(ecte.l. compieted. complled wfth and ablded
by~ tden. W efthe~ o~ any ~uch ~v~nt. tM aald aarngate sum m~ntioned in aa~d promissory note then remalNc?s
unpaid, wlth fntarat ~cerued. ~nd W mon~ya ieciired her~by. ohall become due and payable torthwlth, or thera
atter. at the optlon of uld ldort~a~ee~ u tully and completety u 1t all ot the u+d suma of money wtr+ oclginaly?
stipulated to be puld on ~ucl~ d~y, anythln~ tn s~id promiuory note, and~or ln this mortgage to the contrary not-
withttsnding; and thenupon or theeeaft~r si the optioa ot saJd 1?tortgag~ce, without notice or demand, ~ult Rt
law or in equlty, th~ratotors~ or thenatter be;un, may bs proaecutrd as it sil money~ aecured hereby Aad matureA
prtor to lb tnaututtoa
7. That !n the evaat that at ths Daginntns ot or et a~?r tlm~ pending any ault upon thla mortsa~+~ or to
loncloss iR, or to retorm it, wd/or to anforq payment ot ae~y clalma hereunder, ~ald Mostgase~ sbW ~pply
to the court hsvir?S ~urisdlcUoa thereof for tt~e appolntment oi a Receiver. tuch court sha11 tortharith appotnt
a Recelver ot safd mortgaged ptopetty all snd ~ingular. lncluding sq and ~ingul~:r ths renta, income, profits,
tWUes and nvenues tcotn whatever wurce deHved, each and every of whlch. it being expresaly undentood, ia
heraby mortgagM a~ if speciticslly set forth and deacriEed ln the grunting and habendum clsuie~ hereot~ usd
. ~uch Raceiver ahW havs all the L+road and ettective functione and po~vers in any~vise entrwted by a court
to a Reeelv~r, u~d ntch sppolntment shall be made Dy ruch oourt u an ad ~ittsd equlty ~d a matter o!
~olut~ risbt to said ~[ort~;a~es. and wtthout reterence tQ the sdequacy or tt?adequacy ot the value oi th~ prop-
~rty mort~a~ed or to ths ~olvaney or [nsolvency of wld ~tortg~gor and/or o! ths dafendanta, aud that ruch
rent~. proltt.~, incema. is~uea and re~ enues ~~all be applled Dy auch Recelver accordln~ to the 11sa uM/or equlty
. of aafd Mort~aaes and ths practlce ot auch court
8• n
above deacri a~y additIonal lo na or future ad ces made with' twenty yeara f m date he f by the
p gagee to ~a ortgagors or aucceaeor in oi aaid mortga rs of th ypro y hereby c~ed
ro that the to 'd balan the indebt ~ecured here t an one shall not ex
the max~ rincipal amo of . . . . _ . . . _ . . . . . Dollars `
_ ~ lus i b enta mede by the mortgagee o the {,ay-
me rance on the property encum r , ts.
II~I WiZ'IV~88 WHERFOF~ ths sald Hort~or ha~ ex~cuted thla mort~aae under seal on the dsy and yeu
heretn itsrt aDov~ written. •
Sirnod. ~ealed snd delfvered tn the presence ot:
~ ..W~c4s~~~~ u ene
_~~~r~+~ K~. a . K ~,d..-
a'R
y~i. o
STATE OF......~ ~A,X
~S~d )
:
: ,
COLJNTY OF.j~QB~~.l.ri 1
Belon ~ p~cso~ally appear~d.._.._...»......»............_....._....
: F. Eugene Korb and Kay A. Korb, his wife
to me wdl known and known to me to be ~ha,lndividuaLS.. described in and who execut~.th~ tongoing lnstru-
ment, and ackaowledged befon ms that .`fie]'. pcecuted the ume for the purpo~ therf~:etprwed.
_ - . .
WTfNE58 my hand and offlcW aeal thi~..........~
:~..._day oL.~..»~...»...j~g.lrp}Z._ 1~,~-
_._~~y~~~dL~.fG~"...`..'~
b~`»`'-~
Notary Publlc 1n and tof'
th~ Courity aad Btets Aforqa~d.. -
; My ± ~r.uniasloa expirea:.' ~ g 7
$TA'P~ OF ~ " ~ ~
~ COUNTY OF ss. ~
~ Hetors me persosWy appeared
~ aad_..._._ to ms 1ma~ aad
~ knovm to ms to be the ..............._......_._.._....»...Preddant aad..___.._.........~...................._..._....__».................. _ 8~cretaq
~ reapectlvely o: _............»....1._.__........_, t2u oo uoa
na~ned ta th~ toreso ia~inim~~ aad knw~a to me ~ 1r sucb \ ot udd oorporatlo4
~ execute,d the ume; aaA aad th~rr th~ ald.._........... .._.._..aad t2?~ aald
~
`s ....~lA a~cl~n~wledss bK ms that ~al8
~
t trutrument t~ the free ~ct and dwd aafd eorpar~tioa ' elp euecute~i a+i anctt ottla for t?a
Durpo~e~ therela expreswd: tlsat the thereunto at rab Kal by ihsm tn 11k~ capec.iL~f
tbced: al1 vndsr authorfty ln tMzn duly tb by th~ 8~ ~ oorporattan.
WTPPF~'SS m,r hand aad o[!fclal lhi~......... ..d,p lO..._._
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