HomeMy WebLinkAbout0017 8. That lal In the event ot any breach of thi~ m~rtgaRe oc defauit on the part of the htortgagor, or tbi tn
the event any of sa~d sum~ ot money herein rrferrer~ to be not pmmptly an~i tully pa~d within t~days aext
atter the s:une ~eve~ally brcurne due and payable, without drmand ur n~tu•.~, ur ~cl ~n the event ea and e~'ery
thc st~putauons, agre~~rnents, co,~diteons Rnd rov~•nanW ~~t s~u~! prun~.~.,~,y n,,;c and th~s murtoage, any or either,
are not duly, promptly and fully peiformed, d~schar~;ed, exe~•ut~•J, eff~cte.f, cumplrted, complied v~•ith and ab?ded
by, then, ~n cither or any such event, the sa~~ aAgreb:ite sum m~•nu~ne,l ~n sa~d promtssory note Lhea rcmauung
unpaid, ~vith ~nlrrest A~CCUP.~; and ail ~~wne~•s se~~ued h.reby, shall be.ome due and pa~•able tortM~tith, or there-
atter, at the option oi sai~i \tortga~;ee, as [utly .uui C~~It~~letfl~' RS ~f all ot the sa~d ~un~s of money w•ere orig?nally ~
at~pulated to be pa,.3 on such ~l.iy. aiiyihing in s:ti~i E:ruu:issorv iinte, nn~l or In this ruortgxge to the Contrasy nOt-
w~thstand~ng; end thereupun or thereat;er ~st the opt~•m ai >aid 11ort~;ugee, ~~•ithout noGce or dcmeu~d, suit at
tsw or in equity, theretofore, or thereatter begun, pia}~ be prosecuted .~s it alt moneys secured hereby had matured
prior to its institutipn.
That in the event thst at the beginning of or at any t?me pending any suit upon thts mortgage, or to
forcclose it, or to retorm it, and'or to enforre paymcnt ot any claims hereunder, ~aid ~Iortgagee shW spply
to the court ha~•ing junsdictton there~f ror the app~,intmer.t of a}i~reicer, such eo~K shall forthwlth appoint
a Recei~'er ot said mortgaged property alt and singt~lar, ~ncluding sU und singular the rents, income, protita,
iasue~ and re~•enues [rom whate~•er sour.•e deri~•rd, ea.~h ari~ r~~er}• of ~~•hich, ~t being expresaly under~tood. !i
hereby mortgag~~1 ~ if spec~f~cslt} ~et forth an~! d~~scnt~~d ?n the ~ranUng and haGendum clauses hereot, and
such Recelver shall have al! the broad and ef[ecti~~e tun~~U~~n3 and Fw~cer. in xny~.•~se entrusted by a court
to a Receiver, and such appointmPnt shal! be ma~i~ by such court as ~n admit?ed equity and a matter ot ab-
solute tigAt to sald Aiortgagee, and «~thot~t reteren~e to the adequacy or inadequacy ot the value of the prop-
erty mortgaged or to the solvency or insol~•ertcy of said AtortRa~or and!or ot Lhe detendanta, and thai such
tent~, pwt~ta, income, issues and r~ t enues shall be ai plied by such Recei~•er according to the llen and/or equity
of sa3d biortgagee and the pract?ce ~~f such court.
8 It is underst~d and agm~Yi that thi; ~nort~age is gi~•en to secure, in add~tion to the note or obl~gaUon ~
abo~~e described am• add~ti.mal loans nr future advances made within twenty years trom date hereot by the ?
n~ort~;agee t~~ =aid mortga~ors or am• succ~~~sur in ti11e ot said mortgagors of the property hereby conveyed;
prov~ded that the total unpa?d balancF of the indebtedness securcd hereby at any one time shal! not exceed z
the maximu~n principal a?t~uue~t uf Dollars ~
t3 1, plus ~nterest there.~n and any disbursements made by the mortgagee for the pa~•- ~
mrni of taxes, le~•ies or insurance un the prupect} encur.tibered hereb}•, µ•~th interNSt on such d~sbursements. r
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IN WITNESS NHEREOF, the said Mortgagor has execnted thia mortgage under seal on the day and year i
t~erein tirYt aDove w~rittuL ~
3lgned, sealed and delivered t~ the presence of: ~
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,.u.~~_~._-<-~ ~7Villia~m
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, ~ ) anice . Pf e r ~
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Florida "
STA1'E OF..........--••-•---_.._.......--••
covx.I.Y oF..Palm.Beach •
Before me personWy appeared.. ....•----•~K]~.l~.II7._.tT.._.~'f~~ub~r_Q~r..ansi.~ana~e__F.._.----___.._._.....
. ~Pfaffenberger,._ his_ wife,- - - `
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to me v`ell known and kno~~•n to ir.e to he the individualS._ descnbed ?n snd v~Ao executed the foregoln~ ipst~l- ;
ment, and acknovrledged betore me thaL .~.h~.. executed the ~anu for the purposey Lhenin ezpra~ed, -,4r•• ~:1 F
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RTTNESS my hand nnd ottlcial aeal thia---......_ .................day o. ~{r«=.•~-•~ ' '
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""'"'"...Y.a:~: ~'"""'~'.~..i...~ .
Notary Public in and for
the County and State Aforedal~ ~ ~
My commission expirea: ~.~~1-~ ~ '
3TATE OF..........._ ~ ~
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~ sa. _ 9- .7
~ - . y c-' ~ z
' COUNTY OF • - - y .
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Betore me peraonatly appeared-
aa~ ._._y Eo ms ~vell larrnvn aad
known to me Lo be the---_--.-•.-••._.--•• .Preaident and.....•-_•----•-••-•---_..----•--....--•-•---._._...-•-----•--••.......-••.._... Secntar~ :
resper_tively of _ . the corporstloa '
named in the torcgoing inatnunent, and know~n to me to be the persoru who aa ruch of!lcer~ of said corponttoa.
executed the ~ame: and then and there the said ................•-----....---•-.---------•---•.--•--.._.....•--._......--•.....-••-•--•....._.....aad tha ~af4
.......................•-------------.__.-•-••--•--•-_.•-•._..~_.__.._._..___~...-----•---••-•---•--.~...-•---d1d acknowledge befon me Uut u1d
fnstrument 1s the free sct artA deed of said corporatioq by them reapectively executed as auch ofAcers for tLs
purpoaes therein expreseed; that the aesl thereunto attached Is the corporste seal by tham tn llke capufiy at-
fuced; W under authortty in them duly veated by the Board of Director~ of aaid corporation. :
WI'PNSS8 my hand and oftlc~al seal thie.....---.--._.._..-••---day oi.-----•••.__._..••••---.••••--•....----_...._.....__._. 1~-----
. R LEO AN4 RECOltOEp
~ i~.ltlC~E COUMTY flA.
~p6E~+ F0ITRAS C` Notary Pubifc in and tor
CIERR C~RCUIT COURT ~ ihe County and 3tate Atoreaatd-
RECORi? vERiflfO~~. " xy comm~wton ezptre~:
~wt il 3 ii PM'TI
245286
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