HomeMy WebLinkAbout0947 d. ~at (a) la th~ event ot any b~eac?~ ot thja mortgage o~ detault on the part ot the 1?[o~tgagor, or lbl Ia
ths event any ot said sums of nioney he~an referrM to be not promptly and fully paid within ten days ne:xt
~1[ter the aame aeverally become due and payable, withuut demand or not~ce, or ~c1 ~n the ever?t each and ev~ry
tM •t~pulations. agtcements, cortd~t~o~a and covenants oi s.1~d prom:s~~n n~te snd th~s nu,~tgage. any or either.
an not duly. promptly and Iully pertormed. d~scharged, executed, ette~teJ, completed, complied with and ebided
Dy. then. in e?the~ or any such event. the s~?~J aggregate sum m~•nuone.i in sa:d promissory note then remauung
unPud with i~trreat accrued, ancl sli Rioneys se~~+red h.•reby, ahaU become due and pa~•able torih~vith, or there-
atte~, at the option oi aaid Moctgagee, as lu11y and completely a~ i[ sll ot the sa:d ~un~s of money vrere or~ginally
stipulated to be paid on auch day, anything ~n ~u~d pronussory note, and or ~n thi9 niortgage to the contrary not-
withstsndfng; and thereupon or thereatter at the optiun o[ sa~d 1?to~tgagee. ~~•ithout nouce or demand~ ~uit at
Lw or in eqWty. th~retofore, or there~tter begun, may ~e prosecute.i as it all moneya aecured hereby had matured
pdor W its inautution.
T. That in the evcat that at the beginning ot or at any tlme pending any suit upon thls mortgage~ or to
lorecloss ft, oe to refotm It. and/or to eniorce payment ot any claims hereunder. aaid Mortgagee ~hall ~pply
to ttN court Aavins juriadictlon thereof for the appointment o[ a Rece~~•:•r, such court shali forthwitA appoint
a R~ceiver oi said mortgaged pro}~erty ell and a~ngular. including a11 and a~ngular the rertta, income. protits.
Wuea and revenues trom whstever source derived, each and e~•ery ot ~~h~ch, it be~ng expnasly ur~derstood. L
henby mortgaged as it apecitically set torth and descriEed in the Rranting and habendum elau~es htreof. ~nd
wd1 Receiver ~ttall h~ve all the btoad and ettective functinns and pu~t•era in any~vise e~ttwtM by a court
to a Receiver~ and auch appointment ahall be made by auch court a~ an admitted equlty and a matter oi aD-
aolui~ riaht to aaid I~ortgsgee, and without reterence to the adequacv or inadequacy oi tRe value ot the prop-
erty mortssged or to the sulvency o~ insolvency o[ aaid 1?iort~agor and~or ot the dcfendants. and that euch
rent~. protits. inco~ne, isaues and rerenue~ shall be ai~plied by auch Recei~er according to the lisn aad/or eqWty
af sald Hostgagee at?d the prdctlce of such court.
8. It is understood and agreed that this mortgage is given to secure, in addilion to the note or obligation
above described any additional loans or future advances made within twenty ~•ears from date hereof by the
mortgagee to ~aid mortgagors or any successur in title oi said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of the indebtedness secured he~eby at any one time shall not exceed
the maximum principal amount of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ pallars
(i 1, plus interest thereon and any d~sbursements made by the morigagee for the pay-
mrnl of taxes, levies or insurance on the property encumbered hereby, with inlerest on surh disbursementc. .
II~ W1TNE3$ WHEREOF, the aald Mortgagor ha~ sxecuted thta mortgage under eeal on ths d~y and y~ar
henin flr~t above wrlttea.
8 aled and deUver in tAe reaence ot: ,~.~•'+~'''"f"~j"''•.
~
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. S L M DEVELOPM N~~'bRgOR1K~-~RI~~
' _ By - ! f •
As nt •e re t ary / r~s xJ e~~'
' EO ~?MD REC 0 ~ , ~ ~
~~OCER
POT~S~ . ' -
CLERK C1RCUiT t . .
BTwT'6 OF RECORD VERtf1E0 i.'r~Lo?~C.~ '
og-----.._......_ " 1 a~ PM'~Z
Berors me pesso~nWy appeued.__.._.....__.._.__.._.......__......_...___ - .
-q~~~.._._._..
~Gr
to me wett known and known to me to ?x the indiridual.... described in and who executed ihe foregofng instru-
men~ and acknowledged before me that __._ha.._ executed the same for the purpoxs therein e~cpressed.
WTPNESS my lund and offictal seal thii ............................day ot....__..._._...._.___._..._._._.._..........___.~ 19._...._
Notary Public In aad tor
the County and State Atoreaaid.
My commis~ion eapirea:
srwTa oF.__.FLURIDA
covrrrY o~._._. S r._ u
c!
I Heiore me PerionallY aPPeare~---• ..............M~----E--.._El~iIln....._.__._._.........._..__.----•--_.....~..__.___.._~.....__.._...
aad......._.I,eo]~I]Cd Spi~l?ogel to m~ weil lmown ~ad
,
kAOwa to me to bs the......__.._._...._._----•..--~---Preddeni an~.._.._..._._.._.._.._.._.__._......_.~......__._..__..._....._... 8ecretar~
I
.r......_....__.....__..~....._. tLs corporsUoa
~ n~u~~~y or S_._.L_.M...IIBY.BlO.~I1t...C~Sp~[lra t i en
i nam~d 1n the tore~oin~ iaatrumen~ aad known to me to be t!w peeson~ wbo a~ ~uch oftlcen ot ~aid corporaLlon.
,
ezecuted the sarne; and tbea wa Were tt?e ~afd---••--•----...._....._...._~~~.~lt~.~x_.....__...._...-•------•-..•----.atb the safA
_A88iststtt_ ~g~sg~~X .__db acl~nowiedje b~tor~ me th+~t satd
tnstivment t~ the tree act and deed of said oorporatlon Dy them re~pectivel~ executed u such olIIcerr for t1»
purpwea theniu expressM• that the ~eal thereunto sttacbed Is the oorporsts ~eal by tham in lik~ capaclty ~i-
ti~ccd; ~11 undss authotfty W them duly vested by the Bo~ Directors ot aaid oorporation.
~f?1Tri~88 my I?arra .aa ot!!cw .e.~ w,----~l~.._._.....a.y oR._.~... .1~~1' Y7.Z~
._~..~~~~r....
. • Notary b an4 for
tLs C.ouat~ atd 3tats AforralA. / ~
- • `I ~cr ooa~ml~fon espira.: 7?~
~ _ ~ ~ /
~ _ /
_r
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aooK204 PacE 9~7
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