HomeMy WebLinkAbout2579 i
~
and ehall perfarm, oomply with snd abide by each aad
' ~ every the agreemeats, stipulatioas, oonditions end oov-
enante thereof, and of this mortgage and of tha writtea
Agreemeut of even date bet~vean the parties, then thie
mortgage aatt the ~st~~e hereby creaoed shall ceaet, de-
- termiae and be null a~ad v~oid. Aad the mortgagore hereby
further ooveaant aad agree to paY Prom~ptly w~ due the ~
- principal aad iacer~et . aad other sun~ af nioae~ provided
for in. said ~ote and this mortgage, or either; to pay all
and singular the taxes, aqsesements, levie~, liabilitiee,
obligatione, and encumbrances of every nature on said ~
property; to permit, commit or euffe~r ~o waete, impair- .
~ ~ ment or deterioration~ of eaid property; to pay all coets,-
charges and e~en8es, i~cluding attorney's fees and title .
_ searchee, reaeonably incurred ar paid by the mortgagees
because of the failure v~ the mortgagc~re to promptly and
~ fully co~ply with the agreements stipulatione, cond~tions
and covenams of said notes and this mortgage as well as _
said Agreement of even date between the parties , or either.
IF any sum of money herein referred tio be not promptly
" paid within Ten (10) daye next after the eame become d~,
or if each and every the agreements, stipulations, co~dit-
ions and cov~nants of ~aid notes and this rnort,gage anii sa3d
written separate Agreement of even date between tfie parties,
or either, are not fully performed, complied with and abided
~ by, tben the ernire sum mentioned in said notes, and this
mortgage, or the entire balance unpaid thereo~n, shall~ farth-
with or thereafter, at the o~ion of the mortgagees, become
. and be due payable instanter, any~thing in eaid note or herein -
to the contrary notwithetanding. Failure by the mortgagees
to eacercise any of the rights or options herein provided ahall,
not constitute a waiver of any rights or optians under eaid
~ notes or this mortgage or said written Agreement of even
date between the ~ parcie8 accrued ~ or thereafter accruing. In
the event that the mortgagees instit~ suit ~or foreelosure ~
hereof, due either oo~ de~ault in payment of any eume due
hereunder or- due to any breach ~ of the covenants or co~itions ~
; of either thie mortgage or of the said written Agreement of
; even date between the parties, then the mortgagees ahall have
~ - the abaolute right to have a Receiver appointed by the Court
having jurisdiction, without the necessity of the poeting of any
bond, hearing or notlce of any kind ~ mortgagore, and such
- Receiver shall have the authority to take immediate control
of the assets, business and affaire of Case Motore, Inc. in-
cluding operation of its used car lot, pend~ng Hnal determination
of the suit by the Court. Such Receiver. ehall la ve the furdier
right to assume immediate poseession and control of all pro-
. perty incumbered by this mortgage.
_ - i;f-~-i:
i~/
ti~11 't' ~x~t~ ~ ~
IN WITNESS WHERBOF, the said mortgagors have '~~t _~~,r~` .
~
-
r' ; _ .
signed and aealed these . preaents the day and year first - abo - ~~~:1' s:-;
. , _ .
_ - . ~
r.• -.i:....t.*l:r.~~r i ~ w'
Sigaed, sealed and delivered CASE MO'POR3 ~ G
k~~ ~
J~.Y'~~ ~ ~ ~
In the presence a~: ~ ~ ..~d~. o,
•,,.....r• , ~ `
~ 'x
~ ~ By . .
. ` e ent •~u~r~::~,.~~~
. . ~ ~
• ' (SEAL)
8 to a s ec pa es n, se
~ ~ ~-L_ (SEA L)
a . ase
STATE OF FLORIQA )
CQUNTY OF ST. LUCIE.) ~ ~ .
illq~
_ . _ _ _ _ _ - - - _ _ . _