HomeMy WebLinkAbout0935 6. Thst (a1 In the e~'ent ot any bre.tch ot thia m~~rtbage or d?tault on .1?e pxrt ot the Jiurt~a~or, or ib~ tn
Lhe e~•ent any of sa~d sums of ni~~ne~ herein r~~ferre~i ;n be m~t pro~aplly anJ fuUy paid t~•ithin ten daya next
aiter the same sererally brconie uue an:i ~>a;;able. «:.huut deman•~ or :io!u•e, or icl ~n the e~~ent each and e~~ery
LTl@ 3G~U~1~lORS, B~;fC•_RiCIlI3, iOllt~ILiAl13 Afl~l ~~~~'a'Ilitl[3 t~f S.itii nr~m:s~~~i~• n.~:e and thia l~:~~C:odbC, any or eiih~r.
are noi dul}•, promptly and futly perfor:ned. d.s~harti~•d, ex~•cuted, efiPCtea, cumpleted, compl:ed ~+-ith and abidrd
by, then, in e~ther or any such e~ent, the saiJ ag~rr~;n.r sum m~~n::ure.l in sa:d pro^~~ssury note Lhen rema~rung
unpai~i. ~+•:th int<<est a~crue.i, and ail rti~ne~•s se, :~e.i h~ mby, shill beco~~e due and pa}~ab!e forth~~•ith, or there-
after, at :he opuon of said ~tor:s;a~;ea, as iuily an~i c.~n,~~;etel~• as i.' ali of tre sa:~ ;uuis ot mon~y ~~•ere ongmally
aU{~u!ated [o be pa~3 on ~unc ~l:t~. an~•ihing ~n ~a:~ prac,a:s~iry note, an~i or m th~s n~or:ga~ge to the contrary not-
K~i:h~;snding; and thrreul~on ..r :hereai:er at [he oF~:~~ n of :aid ~iortgagee, ~~~:thout not~ce or dcmand, suit at
la~v or in equity, theretofore, or thrreafter begun, may :.e prusecutr3 if ~Il mur~ry~ secure3 hereby had matured
pnor to its ~nstitutwn.
7. That in the event that at the Deginn:ng of ar at any time p?nding an~ s~it upon this mortgage, or to
foreciuse ?t, or to rei~rm it, and or to enforce payment ~t any c:aim3 hereun3er, said ~Iort~agee shall npply
to the court ha~~~ng ~urisdlction th~reof for the nnpuintmer.t of a Rrcei': cr, st~nc ~ourt shali forthw?th appoint
a Receieer of said mortgaged property all a~id ~~r.ti~tl.ir, ~nrlu~ir.g all and s:nbnilar ihe rents, lncome, prof~t~.
issues and re~•enues trocn ~~~hate~•er sotir,•e :ier~~e~i. ~~a •h atid e~~F:y of «h~ch, ~t being expre~sly understood, i~
herrby mortba~~ +i :ts ~t sper.tiral!_y seL fo~th and ~i~•~~~: ~t.r~i ~n trie ~raati!:g aiicl habendum clauses hereof, and
such Receiver shall have all the broa3 and ef:e~t:~•r fur.~•~:~~iis a:,~i r~~~• ~~rs ~n an~.~~•~~e entrusted b~ x cour!
to a Recei~•er, an~ stich a~F~:3ntni~•nt ;i~all t,.• .~.a i,y yuch ce~urt as an a~~lnitted equity and a matter of ab-
soluLe right to said 4lortga~;ee, and ~~~tho~?L refcr~ n~~•• :u the ad~ quz~•y or :na~fequacy of the ~•31ue of tti~ pri~p-
erty nortgaged or to the sol~•ency or :nsol~•rnr~• ~f sa,~? ~tort~akor and or of the defendant~, ani that such
rents, pruGts, income, issues ar..i c.~:t mies s:^.c~ll b~~ a; ~~i:r.~ by s~ch Recei~•er according to the lien and, or equity
of said rtortgagee and the practice uf such court.
IN WITNESS ~VHEREOF, the satid \iort~;agor ha~ executed this mortgage un~ler ~eal on the day and ~ear
here~n first abo~'e ~ttea.
S~gned, sealed and delivered in the pr~~nce ot: FOREST ACRES, INC.
_ ' ''`~,c!!..C,(~~tiC%~C.~ BY ~ ~ Se81
. . . . . .
~ eorg ney on resi ent
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As o parties Att t Seal
- 219158 a G. Re to e, cretary ~
,,,~~unil,,:
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FIlEO Ak w RECORDEO 4~E
St. LUC~f ~.OUMT1' FLA. - .~`.'o ~
~ -
AOCEF =01TR~4S , c
CLERK C~~CUIT COURT = ;
RECO(i0 VERlF~EO~.~~ = • t~ ~ ~ -
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No~ 19 . ~ .
24~~i~ - - . .
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' STATE OF ~ ~ ~
G~ ,
COLT:`'TY OF _ . _ . 1 r. „ ,,::~;r•.,~`' `
~
. Before me personelly appeared-.-----....-•---•
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to me w•ell knot~ n and kno•.rn to !:e Lhe ir.dics.i:iai . de4cnb.•~i :n and u•ho ezecute3 the foregoing instru-
ment, and acknow•ledg~d before me that ._.he. execute~ Lhe same for the p~trposes Uierein expressed.
~ WIT:~IESS my har.d ar.d offlrul aeal thi~. . ..__..-.•-_--•---day of.--_•.---•._.._------------------°•-•-......_......._...., 19--•---_
i
Notary F'ubLc in and for
t the County and State Aforesaid.
~
' F LORIDA !?Sy commission expires:
` STATE OF.. .
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ti INDIAN RIVER
~ COL'IVTY OF - . _
~ Geor e Sidne Stinson _ `
% Before me per~onaUy appeared . _ _ . ..g. -~---•-.._._.y-.....--~- • - i
~ u,~ Paul G. Redstone w me .,~u x~,o~ ~a ~
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a
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~ - --....PrealdPnt and--- - 3ecret.ar~ it
r known ;.o me to De the. - ~
~ FOREST ACRES, INC.
respectively of - the corporailon #
- named ?n Lhe foregotng in~tnunent, and knou~n to me to be Lhe persons who ae such of5cets ot sald corpontton, ~
~ ' ~
eaecuted Ghe same; and ihen and there the sald ..._.GCOr~Te._SiCjile~!_SC1:1S.Q11.____,__._,_._..and the safd ~
~ Paul G. Redstone ~
: •-.~.._....__.d1d uknowledge betor~ me that eafd i
tnstrument 1~ the free wct nnd deed of safd corporation by ihem reapectlvely ezecu!ed as auch ot25cen tor th~ ~
- puc-p~ea therein expresxd: that the sesl thereunto attached le the corpocate ~eal Dy them tn Lke ca~aelty d- ~
f?xed; all under authorfty 1n them duly ~•eated by the Board of Director~ of aatd corporatioa. _ ~
~
19th November ~ ~ 71 '
WT!'NESS my hsnd and ofAcial seal ttus ...--.•-•-----.....day ot.•--......._. _ .1~-- ~
,
ri ' - ' " #
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Notary Publlc tn and for ?
the County and 3Late .lf ~ ~
_ My ~~,~ao ~p~. ~~~~'2$, 1973.
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gooK 197 PACE 934 .