HomeMy WebLinkAbout2431 8. Tbat (a) tn ths event of any breach ot thia mortgsge or detault on the pnrt of the I~Iortgagor, or Ib) tn
the event any of asid aums of money herein ~eferred t,o be not promptly and tully pud within ~t days next
after the same ~everally become due and payable, witAout demand or notice, or ~c) in the event each ~r?d every
the atlpulations, agreeme~te. conditioria and coveoants of a3~d promisso~ y nute and this mortgage, any or eithet,
are not duly. promptty and fully periormed, discharged, executed. effected, completed, complied witb and aDided
by, then. in e~ther or any such event. the said aggregate sum mentioned in said promissory note then remaining
unpald, with int~rest accrued, and aU moneys secured h~reby. shall become due and payable forih~vith, o~ thera
after, at the option ot said Mortgagee, a~ tully and completcly as it all ot the sa?d sums of money were orlgiaslly
stipulated to be pai~ on such day, ar~ything in said p~omissory note, and ~ or itt thia mortgage to the contrary not-
withstanding; and therevpon or thereatier at the optiun oI said I?Iortgagee, «•ithout notice or demand, suit at
law or in equity, theretofora. or thereatter begun~ may be prosecuted aa it all moneya secured hereby had matured
prior to its Irtstitutioh,
7. That in ths eveut thst st the beginning o[ or at any time pending any auit upon thia mortgage~ or to
toreclose it~ or to retorm 1t, and/or W enforce payment ot any claimn hereundes, aaid atortgagee ahall s 1
to the court having juHsdiction thereot for the appointment ot a Receiver. auch court shall forthwith appoinC
a Recelver ot eald mortgaged property all and aingular. including all and eingular the renta, income, pmfit~,
issues and revenuea trom whatever aource derived, each and every of which, it being expresaly understood. 1s
hereby mortgaged a~ it specifically set torth and descrited in tt~e granting and habendum clauses hereot, and
such Receiver shall have sll the Droad and effective funetions and pun•ers in anywise entrusted by a eourt
to a Receiver, and such appointment shall be made by auch court a, an admitted equity and a matter of ab- €
solute right to sald Morigagee, and without refere~ce to the adequacy or inadequscy of the value of the prop-
eMy mortgaged or to the aolvency or insolvency of said Mortgagor and/or ot the defendants. and that such ~
rente, prntits, income. ia+uea and re~~enues ahaU be applied by such Receiver according to tha lfen and/or equity
of aaid Mortge~gee and the practice of auch court.
,
8. It is understood and agreed that this morlgage is given to secure. in addition to the note or obligation ~
above described any additional loans or future advances made within twenty years from date hereof by the ~
mortgagee to said mortgagors or any successor in title of said mortgagors of the property hereby conveyed; ~
providecl that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed ~
the maximum principal amount of _ . _ _ _ _ _ _ _ _ _ L~oltars
<S _ plus interest thereon and any disbursements made by the mortgagee for the pay- ~
ment of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements.
II~ WITNES3 WIiERFAF. the aaid Mortgagor bs~ executed thia mortgage under seal on the day and year
henin tir~t aDove wrrlttea
8lgned. sealed and delivered in the preeence ot: '
) AL)
r e ton R Smoa.k J
) ~
) ~ w~,b ae~ e~ ~CJ. ~_a.? ,r,,, o _(SEAL)
Barbara P Smoak
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sTaz~ o~-~~ ~
COUNIR OF.. _
~1c~~~:....-------•~-E ` _
. .
B~rore me ~~auy .p~a~s......._.Shelton R Smoak Jr_and Barbara P Smoak~~;~,::
~I~~'w..._....._..._._........._.._.._...__.__........._.___....._---------__....... w..._...,..Y::... f
to me weli known and known to me to be ~he individual_S dwcribed in and who executed ths fo inaj}v- 7 • ~
mcnt, and acknowledged Defore me that ..I2ie.~. executed the same for the urposea therein ezpne~slK~ ~O (1- -
.
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WITNESS my hand and of8cial seal Lhii...........4.._.._._.__dsy of.. ~ • ' ~0..»..J~~ : = . ;
_.._~__.--b~---- ` .
^ otarq Public in aad for
FILED AND RFCQROEDp#e county ana scars wroreammia.
ST. LUCIE COUNTY, FL~y ~om~R~ a7
uc rnar ~~f a~FiEG MY CC
STATE OF • • • - ,
~ • . - w. 1 ~7
~ ~17~! ~~1 iONAED ink..~s„ r..~., w. ~.~~re~M~w~t s
o~ - ~ ~ _ H - 71
Before me personally appe ~ .
~3---Q~~_..~~.._.~..._~.~.+.~.~......
and..-----------.._--• ~ Lo ms Well lmown~ aad
_~~~,p r 7 R:;S ge~t~
known to me W be th~......_._...._.__._._....~ L~ R1Z ~I KtC~~Z`~~._._.~.._
respectively ot _ . tt~e corporsUon
nawed in the foregoing instnimen~ aad lmown W me to be the perwn~ who as sucb ofncer~ ot said corporatloA. ~
executed the aame; and tAen sad there the ~ai~_._.---._..--•----°.w......_.__.---......__...__......___.....~...-------____.aad t2?e ~aid ,
......dW aclmowledge bsfore me that said
inatrument is the free act nnd deed of said corporation by them respecUvely executed aa such ot!lcers for ths
purpoaea therein expressed: that the seal thereunto atiached fs ths corporate seal by Wem in llks cspaclty at-
fi:ed; all under authority tn thean duly vested by t6e Board of Directors ot said corporation.
WTI'NESS my hand aad oiricial ~eal this---••----. ._._day ot..........._.__._.._._._.....~._._._.........._.., 19_._._ ~
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~ N W~o ~ Notary Publ1c tn and for ~Y~'' ~ t..`-{ . ~
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