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HomeMy WebLinkAbout0141 t ? . d. Tlut (a) in the event oi ~ny breach ot this 'mortgaas or detsWt oA the part o! Ure Mortgegor, or lb1 in tne e~enc any ot sald sums of raoney bareUt nr.~a co ee not promptly ana ruuy ~a wiu~n ~pq~ 30 days a[ter the aame seversUy become due and payable, without demand or notice. os (c) in the event each and every the atipulaqons. sgreements. coaditioaa and ~wvenants ot aaid promissory note and this mortgage, any oT either. are not duly, promptly and fully perlormed. diachuged. executed. eifected, comploted. complled with and abided by. Wen. ia eiWec or any sucA event~ the asid aggregate sum mentiorted tp aaid promissory note then remaiNug unpaid, with interest sccrued. and all moneya aecured hereby, ahall become' due and payabls fortl?with. or there- atter. at the option of said Mortgagee, aa fuUy and completely as if aA ot the Baid sums of money were oHglnsl~y atipWated to be paid on such day. anything tn aaid promissory note. and/or in this mortgage to We contracy not withstanding• and thereupon or thereafter at the optioa oi said Mortgagee. without notice or demand. auit at lsw or in equity, Weretofors. or Wereafter bcgun, may bs prosecuted as it all moneys aecured henby had maturcd pdor to 1ts instttutioa . 4. Z1~t in the event tt~at at the beginntng o! or at aqy Wne pending aay sutt upon thia mortgage. or to forecloes I~ or to reform 1~ and/or to en.force paymant of any daims hereunder. said Mortgages ahall spply to the court hsvins iurisdiction thenoi for the appoinunent oi a Rece~ver. auch oourt shall forthwlth appoint a Receivu oi aatd mortgaged propert7 all and singular. including sll and singular the renta. incorae. proflts. iasues and revenues irom whatever source derived. each and every oi which, it being expreaaly understood. b . bereby mortgaged as i! specitic~Uy aet forth and deacrit,ed in the granting and habend~un clauaes hereof. and ~uch Recelver s6all have W the brosd and ettective Nnction~ and powers in anywiae entrwted by a court to • Receiver. aaii such appointment ahall be made by such court as an admitted equity and a matter of sb- •olute right to said Mortgagee. and without reference to the adequacy or Insdequacy oi the value oi the prop- erty raortgaged or to the solvancy or inaolvency of ssid Mortgagor and/or oi tt~e defendants. and that such rents~ profits, income, iasues and re~ enues shall be appSed bq such Recelver according W the liea aud/or eqWty o~ aaid ~[osttagee and the prsctlos ot such oourt. • . ~ 8. It is understood and agreed that this mortgage is given to secure. in addition to the note or obligation ~ above described any additional loans or future advancea made within twenty years from date hereof by the ~ mortgagee to ~sid mortgagors or any successor in tiUe oi said mortgagors of the pmperty hereby rnnveyed; provided that the total unpaid balance of the indebtedaess secured hereby at any one Ume shall not exceed the maximum principal amount of - - Dollars ' , plus interest thereon and any disbursements made by the mortgagee for the pay- i ment of taxes. levies or insurance on the property encumbered hereby. with interest on such disbursements. II~I WTl'NE33 ~VHER~OF. the aaid Mortgagor ba~ executed this mortgage under seal on the day and year hee+eln first apove writtea gf~ned~ sealed and dNivered tn the pr~eaoe ot: - . - ( EA ~ . ~ ~ AL) s~rw~ oF... FLORIDA _ _ : covrrrY og._ : ~R'~ . ~ ~to~t~e~ ~,,pie~~+•uy•p WALTER L. OrTT end h11ELYN L. 0~1'T - to::nb"vvell imowa and kewwn to me to be the individual.... descdbed in aad wM executed the foregoiug inshv- msnt, .'~pd~'*e1~ow;odgEd ~efon ms Wat ._.ha... executed the same for the p thereia ezpresaed. j - - • . . , : ' .lLG ; = ~ : ~wi~fit~ss ~ot ~a a~a or~~w ~ tm,.._9.?,~~aa~? ~ 19 ~ r'. • - ~ . ~ ~ ' - . _ NOti17i PI1bLC 1II i~ t ~ the County and 8tate reasid. My commisaioa expires. ~ O /9G p i $TAT~ OF_--•--_..~ OOUNTY OF..._.. as. Before me personallY aPP~ared- - anb to me svell lmown tad t ~ Icnown co me to Ds che......._.... ._......_......r:e~iaent ana k respectively oi the oorporation ; named 1a the loregoing inatn~m~n~ and Imowa W me to be ths pezsan~ who a~ sueh o!!losrs o! ~sld corporatio~. e:scuted ttie same: u?d then aad thers ths said..._._..._.._. ths ~aid aclmoqvled~s be~or. me tl~ac .ata . ~ lnatrument b tbe free act aiW desd ot aatd corporaUon by them resPsctiveb ezecuted a~ sach ofttcert for ti~ ~ purposes ttNrela e~cFr~Ned: ttut ths ~ea1 tbereanto attachad i~ the oosporate ~eal bi? tDaan in liks caPacih at ~ flsed: all nnder aathoslty in tl~tm duly veded by tbe Bosrd oi Dlrecto~s ot satd oorpontio~. WiTNS'$8 m,~ haiW aad o[llCial ~eal thii. 0~. 1~..~ t FILED AND RECORBEQ xotar~ Pubuc ta ane ror ~ ST.RECORO VER F~IED~~ tbs Caunt7 aaa state wto~ ~ty oommiwlon expire~: ~ ~st ~u~ s aMt ~o : s2 15'~~90 _ Ro~ER ~Oi71taS Ct.ERK CIRCUIT COURT ~167 ~ ~39 - - - - - ~ ~ ro~ ~ _ - -4.~.. ~ , ~ ~ . _ y~: