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HomeMy WebLinkAbout2075 71wt l~1 ls tM ~~?eAt ot an) br~acU ot thts morts~t ot detault oe the pnrt o! the lUo~asor, ot 1p~ U~ U?~ ~vent any ot N~id sueeu ot•mon~y M~an ?et~rrcd tu be not promptly and tully pud w~thln ter daya aext ~[tt~ t!N aanw ievesally becom~ dw and paysbls, v?nthout demand or oot~ce, or ~cl ~n th~ e~•ent eacd and e~•~ry !M ~bpul~lwns. ajtaemeAta, cond~t~ona and ro~'enanti o[ a.ud pn?m,aa.n y note ~na th?s mortga~e, a.qr or efther. ar~ not duly. promptiy aad tully pertormed. dis~~rged, executed, etfe~:te.1. cumpleted. comptied wlth and sbided bY. !heA. in e~tl~e~ or any auch event, th~ saiJ agg~e~ate sum m.•~t~oi~eJ ?n sa~d pmrnissory nott thea remaiN~ unpa?d. wlth intr~ett accrued. and all mon~ya se~:ured h~seby, ahall become due ~nd pa~able torthwith, or thera ~ atter. at the option of said Mort~agee. as ~ully and completcly ss i[ all ot the aud sun~s o[ money veeh origu~ali~r atlpulat4d to b~ paid on such day. anythit~ ~n sa~d promissory notc. an~i-or in this mortgage W the cont~ary not- withstandln~; aad thereupoe o~ thereatter st the optiun ot aa~d D~tortgagee. ~.ithout nouce or demand. ~ult at law or ia equity. tderetotoh. or Wereatter pe~ua, may be prosecuted as it ap moneys secured hereby had matused petor W ib institutioa " 9. That tu the eva?t tUat at ths Oe8lnntnt ot or at atq? tUne pending any auit upon thf~ moctgage. or to foreciose 1t, or to reform 1~ and/or W entoros Fayment o! any cla~ms hereunder. said Mortgsaee s1W1 aPP~y to the court Aavins iutisdicUon thareot for the appointmcnt ot a Receiver. auch court ahall fosthwltD appofnt a Receiver of said mortgaged property a11 and singular. including aU and ~ingular the rents. income. pm~its. iasues and revenues irom wlutever wurce derived. each and every o[ whicb. it being expressly understood. 1s hereby mortgagM as if speci[ically aet torth and deacnEed in the grdnting and habendum clauae~ heseoi, and sucA Receiver ahall havs W the broad and etfective functions and po~~•ers in anywise entrusted by a court to a Racefver. and such appointmcnt shall be made by such court a~ an admitted equity and a mattet ot sb- •olute right to said Mortgagee. and without reterence to the adequacy or inadequacy of the valua oi tha prop- erty mortaaged or to the wlvency or inaolvency of said Irlortgegor and/or of the defeadants. and thst such ~ nnts. profit~. income, issues and re~•enues ahall be appUed by auch Recelver accosding W ths lien aad/or equity of aaid ]tortgagee and the practioe of such court ~ . o iona covenan s an conditions. IId W1TNS38 WH~R~OF. ths ~aid ltortsagor has exe~uted this mortgaae under seal oa the day and year heretn tir~t above arittea. . STUART ST . LU ESTATES, iNC a_ •1" ida P -,~,,,~i.,;k~. ,i~: Si6ned. sealed and dellvered in the presence of: COr Or ' p ~ ~~!Q~ . t . . . ~ : ` ~ ~ ~'-q ~ ~ ~~f 'C a~~._........__........ By ~ . ~ - _ ' ~~+'~'s; : 4 Douglas A. Berlis, Presid. ~ , ~ - a"•:-~ . _ ~ c~ ~ A ~ Att t: ~_6;; ~ ~~Q?;-~ - ~~p: ~ . - ~i~°~.......~+~ij?'~ ' ; . . `1\ F ed R B1 nd, Assistant Se'C~o~.i~'~~~~' • ~ COUNTY OF_.....__.._....._._._ _ Before me per~onally aPPe~~--- . i . ~ to me well known and known to me to be the individua in aad who ~ t~ ps f~~ ing iashv- ~ men~ and acknowledged before me d the same for the Purposes ~ WI7~TE d snd offlctal seal this .............._....._._...day oL.~.. 19_._._ ~ ln and for the County an My commissioa ~xpires: STATE OF....._......~LQ~~.~ ~ BROWARD COUNTY OF.__...._......_.___. Beiore me raonsli a ~UGLAS A. BERLIS P~ Y PP~~ an~....._.------•----__.. FRED R. BLAND to ms well lmown and Icnown to me to be Lha..._.._.. ...__._..........Preeldent aad...._..._._......_._~.$??.~~s'~Y~t.......r.._..._.._._ Secretar~? - STUART ST. LUCIE ESTATES, INC., __,_,_,M._..._, ~ corponuon reapecUvely oi nan?ed in the foregofng inatrumeat, snd kaown to me to be tbs par~o:u who aa sucb oiflcers ot safd corpontion. eaecutea u?e same: and then aad there the sa1~.~.. DOUGLAS A ~ BERLIS ...._.._...._..._.._.._._...aad tLs ~W FRED._R,~....~~ aclmo~vledge be~or~ me tbst sate ~ v ezecuted ~s auch olIIoers for tiN lnstrument is the iree act aad deed of eatd corporation b them reapactl e11 Purposes thenin expressed• that the ~eal Wereunto attacdad Ure oorporats ~eal by them ta lilce capaclty at~ ti~ced: W undar a~Wority in them dulr vested by the Boud o! Directors of aald corporaUon. •```,,~Ilt1t(#{~~~~~ . wrrrr8.ss my n.Aa .oa a~~w .e.i c~..-------- ~3 -----a.y ot.. _ ,~3-' ~ ~!y , ~ ,.•r••••.,, ~ . ~ C ~J~ - . t~Ul nr ~~Urt!.IC. $lAf[ ni FLORIUA at IARGE - • ~ . : ~ ` MY COMMISSION EXPIRES MAR. 12. 1976 No~ p~bllc 1n attd for 6~: ;5 Bon~eC fir KrneticaD.Batu?et; I~unnce G0. the Couat~ aad State Atore~al4: : fl c ~ V ; Q ~ y~r aommlrsion eupit+ss: J"~ . r; _ ~ . ~ ~ , ~ , ' ' •~,::_a~'~. ~1 • ° `i~.~~.f ~~F ~ .'"''n,~~~~. ti~~•,~<. ~ BaAI(~~ P~i~E~~ _ 3 ~ _ _ ,~.,Y ~~s~~, y~ d,^ ~ " ~ ~ ~