HomeMy WebLinkAbout0956 8. 'Y'h~t (a) In th• •ve~t ot any brsach ot 4hli t~;ortgaae or det~ult on the pnrt ot lhe I~fortg~?gor, or Ibl ln
ths event any of eaid cuma of money h~reln ref~rred to ba not promptly anci tully pud w~thin ten dRy~ next
atter the aame ee~erally become due nnd p~yable, v~nthout demand or nohce, or i c 1 in the event each and every
the ~tipulations, agreemente, condihone and covenanta of ~a~d prom~s~~~iy c~~te and th~s mr~rtkage, any or elther,
are not dul~~, promptly and fully performed, discharfied, executed, eftecte,f, completed, comphed w~th and abided
by, then, ~n cither or any such event, the ae?J aggregate sum m~~nt~~ne~i ~n s:t~ct prnnns~ory note then remainin~
unpsid, w~th inte~e~t accrued, and al) money~ ~eciued h~•reby, ahall becomP due and r.tyable lorthwith, or there-
afler, et Ihc opUon of aaid btortgngee, ae ;ully and completcly oa if 111 0[ thP snul ;un~a oi monry ~~e~e originally
at~pulaled lo be pai.i on such day, anythfng ~n aa~d pronussory nnte, ami or in th~a n~orl/;x~e to the contrnry nOt-
w~th9tanding; and thereupon or therentter at the opt~nn of said Atort;;aa~e, ~.•~thout not~ce or demand, eult at
lsw or in equity, theretotore, or thereatter beavn, may be prosecute.f ~9 it all moneys secured hereby had maWrod ~
prior to its ~nstilution.
7. That !n the event that at tha beglnning of or at eny tlme pendin~ any suit upon thi~ mortgage, or to
torecloae it, or to retorm It, end/or to entorce p~yment ot any clsirns h~~reunder, ~a~d htortgagee ~haU •pply
to the cou~t hnving jurlsdiction thereot tor the appoin[ment ot ~ Rrrei~•cr, such couct shall torNwith appoint
a Recelver o[ aaid mortgaged property all and emgular, inclu~in~ all and s~n~~)nr the renL~, income, protit~,
lsauen and revenue~ from whatever aourcr dern•ed, ea~~h and e~~~ry u( ~~•h~ch, ~t bPinR rxpressly under~tcsod, 1•
' hereby mortgagPd aa it ~pec~lically set forth and de~cnbed in the Fr:int~nF ~.n4 habendum clauaea hereof, anA
~ ~uch Recelver ahall have aJl the broad nnd e[fect?~•e [unctinns an~i l~:~~•.r~~ in a?~ti~+•~se entru~ted by a court
to a Receiver, and such appointment nhall be made hy euch court as an xdm~[ted equlty and e matter ot ab-
¦olute rlght to anld Mortgagee, and without reterence lo the sdequacy or ~nadequacy ot the value oi the prop-
erty mortgaged or to the aolvency or insolvency ot eaid l~tort~a~or and ~~zr of the detendanta, and thnt auch
rente, protit~, Income, iaa»es and r~~•enues shall be a~~plied by euch Recei~~er according to lhe llen and/or equlty
~f sald biortgegee and the practice of auch cnurt.
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tv~ri~in.v@~5~00(~ and agreed that this mortgage IS $IVQIl--~O-S8C~1''" ~n_~dr~~linn M thn nnln n~,,,nF,li~i~_n
, above d~scriBed -eny itional loans or iuture advances made within twenty years trom date tiereo[ by the
mortgagee to ~aid mortgag~?5'~or-ewy ccessor in title ot said mort~agors of the property hereby conveyed;
provided that the total unpa~d balance o ess secured hereby at any one time shall not exceed
the max~mum principal amount of Dollars
( S plus interest ihereon and any disbursements ma e ee tor the pay-
s.
IN WTTIVESS ~YHEREOF, the iald Mortgagor haa executed thi~ mortgage under eeal on the day and year
her~in fitst above ~vr[tten. -
Signed, eealed and delivered in the presence ot: /J
.,r--~_
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' ~ - no s N. Ta r
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~ ..lS~L. '
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Mabel R. Taylor
STATE OF....._..~.I.{QR~~,A
r1ART I N t"~ ~
COLINTY OF 1
Be,(,flre~me pereon~lly ~ppeued............~~.21.1~a..c`3.~.. I1jw...Tay].~r....a~d...Mabe.L.._8.._..Tayl.ar-,.---....... :
his wife
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,,w~---t . .
Co jiL9:~tj~Y,}~'rhyn and kno~m t~ mP to he the indi~•idual _.Sdt~cribed in and who executed [he foregoing lnetn~~
~ ~,}'~m'~t~[;~aZ1d .~.dynbwledged betore rne thst ~--he.y executed the same for the purpoaea there~n eacpre~sed.
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i~, ; C; : s: i~ESS my hend and ofllclal ~eal thio,......r2.. ~......__....day ot ..............._Q.~_~Q~?.~.x:...................., 1~.~2.
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S ~ ~d ~ ~ ~J° ~
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.,'~1 r r 1 • I • ~ VL _ 1 4 I ! t~l L ry!
'I ~r ='~;.'~;',Yi~l, • S r^ xotary Public ?n er?d tor
~.~r~~ 5~3`704 t:.'+[ the County and St~te A1ore~ald.
~i.~~. " : 1' ;!i ° ~ •
• - , ;3: • . Aty commiaaion expirea: ;
~t - . ~ '~I~ .ii,~ ~.~.~_t.
~ . ~9. My Ca~~isiion eapi~es 18 Izn., 1984 -
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Betore r~onally appeared_--•-~-•-~•-- ~
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and..•-•:•---•• w me well lcnown sad
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known to me to be the .......---......._Proiident ancL--••-•_.._...................... $acretat~
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re~pecilvely of • - ~ the corpor~tlan ,
named !n the toregoing inetnunent, and known~a Zne to be the penoru who a~ aucA oftlcers ot ~afd corpotatlon,
executed the aame; and then and there the ~ald...\~~:.__ .............._........_........-••••-••••-.............._.........._...._...sn8 tho aaid F`-
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•--..._...dld acknowledae befor~ me that sa.id
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inatrument fe the free act nnd deed oi sald coi-poratlon by them rewpsett ~ely executed s~ auch otAcers for th•
purpoaea thereln expreaaed; that the seal thereunto attsched li the corpoTste aesl by the.m 1n llke calpaclty af-
tiaed; all ur?der authorlty in them duly veated by the Board of Dlrectora ot ssl~c tporatlon. ,
WI'TNE89 my hand and ofricla! ssal thJr ............._.._.._.....dsy of....................._..._._... lo......_ :
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Notary Publlc 1n and for
the County and 9tat~ Atorw~id.
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Bt10K c.,1~G PdGE J~,