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d. That (s) in the event oi any breach ot this mortgage o~ default on the prrt o! tha Mortga~or, or lb1 ta
ths event any oi asid sums ot money hereiA refecred to be not promptly and tully paid withia ~~X ;3O CIa.~S
aiter the same severally become due and payable, without demand or notlce, or ~c) in the event each and every
tha etipulations. agrtemente. conditions and ~~ovenants of aaid promisso~ y note and thi~ mortgage. any or either~
are not duly. promptly ond tully pertormed. discharged, executed. etfected. completed, complied with and sbided
by. then. in eithe~ or any such evenf~ the said aggregate sum mentioned in aaid promissory note then remaiNng
unpaid, with int~rest accrued, and aU money~ secared h~reby. ahall become due and payable forthwlth. or thera
atter. at the option of said Mortgagee. aa tully and completely as it all ot the said sun~a of money were origiaally
stipulated to be paid on auch day. anything ia aaid promisaory notc, and/or in thi~ mortgage to Ws contrary not•
withstanding; tad thereupon or theresfter at the option of said Mortgagee. ~vithout notice or demand, auit at
iaw or in equlty. theretofors, or theseatter begun, may be prosecuted se it all moneye secured hereby had matured
prior tfl ib instituUoa
4. Tlut in the eveat that at the begtnning of or at aay ttme pending any aWt upon t,hls mortgags, or to
foncloss it~ or to reforra t~ and/or to enforce payment ot any claims hereunder. aaid Mortgegce ahall apply
to the court havina juriadicUan Wereof for the appointment ot a Receiver, euch covrt shall forthwith appoint
a Receiver oi satd mortgaged pmperty a11 and aingular, including aU and aingular the reni3, income~ prafit~„
iasues and revenues irom whatever eource derived. each and every ot which. it being expreasly understood. is •
hereby mortgag~ as it apectfically set forth and described in the granting and habendum clauees henoi. and
such Aeceiver shall have all the broad and etfective tunctions and po~sero in anywise entrusted by a court
to a Receiver~ aad such appolntment shall be made by auch court aa an sdmitted equity and a matter of ab-
~olute rlght Lo said Mortgagee. and without reference to the adequacy or inadequacy of the value o! the prop-
erty :nortgaged or to the aolvency or insolvency ot satd Mortgagor and/or of the defendante. aad thst such
rent~„ proftts. incozne. iaaues and re~enues shall be applted by such R.eceiver according to the liea and/or equity
oi aald ![ortgagee aad ths practioe of snch courG ~
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 advances made within twenty years from date hereof by the
mortgagee to said mortgagors or any successor in title oi said mortgagors of the property hereby conveyed:
provided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed
.
the maximum principal amount of . _ . _ . _ . . . . _ . Llollars
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~ W1TNE,43 VVHERFOF. ths said Mortgagor ha~ exe.:uiad this mortgage under seal on the day and yesr
herein tir~t abov~ ~?rittea.
!
ed snd d v in the preaence ot: ~
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1 HOLIDAY OUT I~•~ AMERICA fiT S~. LUCIE, ~
~ ` - INC . , a Qor ration ~ ~
~e. -
BY ~`~y ~-~r '
C'~'~T: /l Assistant _ • _ ~
Gf -wt.,.~i as/Secreta,ry ~
(corpo te ~e~: ' .
_ :-r~=_ .
s•rw~ oF.._......_......_ . ;,rl,•1,~ • .
covrrrY oF...._---_.w.w.....w..._...__._.~ ~ _ s
Vri.~Yl ~ ~ti?
t~~ f' ) :dr .
Before me per~onallY aPPears~i---- _ ~ S tia ~
to ~pa vveA• known eu?d known to me to be the individuai dwcribed in and who ~t~ ~
e!~
in8 instsu-
ment~ and a~cknowledged before me thst ._.he._.. ezecuted the same for the Purposes P
I WITNES3 ray hsad and oiflcial seal this_...........~...r.._...day oL.._..w....~.... 19........
i
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I
Notary Public in and for
!
€ the Countq and 8tate Atoreaaid.
_ My commission expires:
s~rs~ oF_._TENNESSEE
~
~
o~vrrrY oF__._.K~X.:.~_~_..._._._..
Hazen Kre~,.....
Before me persoaally appeared.~_...._..____..._.~. -
aab.......~1"-0a~/A-.~.. _ to ms well ltaown aad
ltnown to me W bs th~.__.... ._.~..____...._..Preddnnt aa A Sacretar~
n~u~~y or ..._._..._.$Oli~..Y.. ~t. ::tn.America At St. Lucie Inc. cne ~,~or.u~
named ia the foregoing instrument, aad kaown to me to be We perw:u wbo a~ such olIIcers o! said corporstioa.
~ e~cecuted the same; aad thea and there ths wd..._.__......- . .aad ths aaiA
aclmowledge bstor~ me tbst aaiA
~ instr~ment Is the lree set and deed oi aald oorporaUon by them respactlvely ezecuted as such o!lloen for tb~
purpoees therein eupressed• that the seal ttiereunto attached is the corporste ~eal by thsm in Ifke capwcltyY +i- ~
~ fi~ced: aU under authority tn them duly vested by tbe Board oi Dinctors o! aatd oorporatiaa~,
~ wrrx~ss my n~a .aa o~n~w .eai r~.....:?.2~.d----d•r ~------~~cemb i~.{ g. _
~ . - y~,~,~„~ ~ 5~~,.~:~~-'
~ xotars? P~bao m ror
~ . ; the C.ouat7 ~ad State Aforesatd.
~ . ~ - ; .t' . _a3 _73
~ " ~ 1tY So~~. ~i`::.s;cn ~xrires Oct 23, 1973 ~d
~ - ..f;~:'~,+~~ .
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~ ' " d00K ~O~ PACE O~~
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