HomeMy WebLinkAbout0938 6 That (a? !n the erent ot a~iy bre:tch of th~s mc~rt~age or default on the t~art ot the \tortg~~~~r, ur ib~ tn
the r~•~~nt any o! ssid ~ums af rt:~ne~• here~n ~eferre~9 :o be not promptly ~n± fu(lv pa:d w•uhin ten daya nzxi {
after the same se~•erally b~ci~nlr ~3ue ai~d payable. u:thout d~~n~an:i vr n~t~cc, or ~c) in the e~~ent earh and e~~er~•
the stipula;wiis, a~;re•~c:i~n,s, cond~tiotis :uid c~~~•~ntn:s ~~f si~d prom,s~~~~~• n~;e and th~s n:~~rtoage, any or eith~r,
~re nut d~~l~•, promptiy aaci ::n?y p~rformed, d.s~har~~ d, exeruted, effecte.l, c<~r,ipteted, complied K1Lh and abided
by, then, ~n ~~ther or any ~~:ch event, the sa~~ ag~r~~..,~ su:,i m, nt:~ne,i in sa,d F~roms~sor~ note then remauung
unpaid, ~~~:th ~nt~iest t?.•crue~i, snd aU in~ne~•s se~..,re.1 ti~reb~•, sha:! becoiT:e due and pa~•ab;e fu~th«•ith, or ther~~-
after, aL U:e op;toa of sa:n ltar:r;u~ee, as fu1ly attd c~~mF~;etel~• as if all of :}:e saiu ~:::zis oi money ~rere oriRinall}
at:pula~ed to be pa:~ on surh ~la}, a:i~•th.ng u~ ~a;~i ~~cna.:sdr~• a_~te, ar.•1 or ~n th:s ~~iortgage to the contrary nat-
H•ati,tanding: an1 thereu~~on or therea:;cr at the o~ c.~ n ni sa:~l \Iorteagce, tc;tho.~t no[ire or d. mand, suit at
2aw or in equi:y, the:etoiure, or therrafter begvn, may :,e proseruted ~f all :r.~n~ya secured hereby hsd matured
pnar to its ins:itution.
7. That in the event that at the beg~nr.:tig of or et nny time ~ending any suit upon this mortgage, or to
foreetose it, or to reiorm ct, and or to eniorce paymer.t ot any cin:ma henunler, ~:ud ~tort~ager shaU apply
to the court ha~ing juns~i~ction thereof for the appu~n~n:er.: uf a Rrcer:er, such couri shall torehwlth appoint
a Receiver ot s?•a mortgaged prorerty alt a~id sinkul._r, ui~tud:ng alt snJ a:nhular the rents, income, prufsts.
139UP9 and re~•enues ffURl «•hatr~•er source den~•e,1, .~a~.•h aad ~~•ei~~• .,t ~~-hich, it Ge~ng expre~s,~ understoud, ia
hereby mortga~;~~~3 :~s if spec~f~rallv sat iert!: 1nd ~irsr-:ted ~n the ~rsnting ar.~i habendum clat~sea hzreof, and
~uch Recei~•er shali have aii Lhe bruad 1nJ effect:~~e fur,~•t:~a~s an~i ,~u~cers in :nti~.•:ce entn~sted Dy a court
to a Rece~ver, ar.~ such app~,:ntnr•nt shall b~• m:?~:~~ hy such cc~urt as an a•~r:utted equity and a r,iatter of ab-
aolu.e right to said \tortgagee, and t~lthout rzf~ n~n~~~• to the adeyuacy or ~naciequacy of tT:e ti•alue ot the prnp-
erLy mortgaged or to the sol~•ency or insol~•en<<• of a3:.i ~tortcaGor and ~r o! the defendants, and that such
rents, profita, incomr. ~s.ucs and re~.er.ues ~ha!! b~• .ai pL•ed b}• sarh Kecener acc~rding to the lien and, or equity
of said ~lortgagee and the practice uf snch couri
IN WITNESS ~;'HEREOF, the said bfo~t~;agor has execu!~d this mortgage un~2er seal on the day and year
here=n tirst above x~rftiea. -
Signed, sealed and del~vere~i in the pr~senre ot: FO S ACRES INC.
. w . ~ - ' !
~_?.~`~~~.I'.....`...~_~
~~(/.r\~ll..~~~•l~,-~~<?._... BY ~ Seal
~"J eorg i ey Sti n, esi ent
_ .--s~~l.r.:..-~~,~-~~e.
_ _ ~~~E..~'~._ , >
/ As to both parties Att st Seal
a . e tone, cretary,
' ~s~- -
= FII.ED AMQ RECORDEO :
ST. IUC~E COUMT~ FLA. ~
f ROGER POITRAS , ~ ' = ~ ,
' CLERK CIKCUIT COURT ~ , - ~ _ 4
3 RECORO vfRifiEO~~ _ ~ . ~ ~ ;
~ Nou 19 2 a3 PM'1! ~ ~ ~
~ ~ ~
~
:
:
i STATE OF - . - ~ 19159
m
s COLINTY OF _ :
't
~
: Before me personatly appeared `
:
r
s
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s
to me v~e,l kno•sn and kno~cn tn r.lr to re the :r.:i:ti•:dua: descnb.•d :n and x•ho executed the foregoing instnt-
ment, ar:d acknou•]edged bef~re n~e tnat ...he.. execute.i the same for the purposes there~n expressed.
: R'I'i'NESS my har~~ and offic~al ~ea! th~9.. ..day of------•--•.......---- 19.....__ ;
~ . . .
` IVotsry PubLc In and for
' the Couniy and State Aforesaid.
~ STATE OF. LORIDA =?~y commiASion expsrea:
~ - :
- INDIAN RIVER ~ S9~
; covrrrx oF - -E
i Before me personally appeared George Sidney Stinson
. .
; .na._.
_.......~1t1~..~.1.,.._~.~SL~?I]~......-------- to me well knov~~n and
i known to me to De the . .-Prealdwnt and..-.. 3ecretnr~
' POREST. ACRES,.,_INC....._..._.,_
` lP9~2C~iYely of _ . . . . . the corporatioa
named ~n the foregofng inatnunent, and kno~~n to me to be the persona who eu such oftlcers of safd cotporatfon.
' Geor~rc Sidne SL1l1SOll ..,_~d ths aatd
exe~uted the sdme; and then and thert the safd ___..._--P...- •
Yaul G. Redstone
. ...._..._._._....----_.....••---••d!d ~cknowlcdge before me that sa7d
instrument ts the free wct and deed of sitid corporation by them respectively execu!ed w auch ofAcers for th~
purpoae~ therein expressed; that the ~eaf thereeuito attached !e the corporeEe seal bq iheao in llke capaclty af-
fuced; all under authority in them duly ~e9ted by the Esoerd of Directors ot aaid corpor~tion.
{
wrrxESS my hand ~a prn~~~ ~ u~,e 19th------....aay or------November _ 19._71 ;
r. . _ ,
^ ,
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Notary PuDifc !n ard io ~
=
tAe County and Siata lltos~d -
xy ~~~on ~,s,~.: M~y 28, ~ 1~373
~xc.~ . .
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eQOK 1~ PAGf ~7J7