HomeMy WebLinkAbout1455 6. That (sl In Lhe event ot any breach ot thi~ mortgage or default on the p~~t of the rta~tgafinr, or Ib~ 1n
t1~e rvent aoy o[ sa~d sum9 0[ monev here~n rcferred to be nut promptly an~! fully paid w•ithin tcn daya next
atter the same severalty b~~cume due and payable, w~thc~ut d~manJ ur ~~ut~re, ur ~r1 ~n the e~•ent each and e~~ery +
the ~t~pulatwns, a~;re•,m.•nta, cund~twns nnd .•~~•cnant~ uf s1~d prom~s~my note and th~s u:urt;;age, any or either, '
are aot duly, promptly and fully ~x•rtonned, disrhar~~d, executeJ, etfected, campleted, compGed with and abided
by, then, in c+ther or any such event, the saiJ a~;~reg:ite sum m~~nt~one~! sai~ prom~,.~ary note Lhc~ rems~ning
unpa~d, with inlrreat uccrurd, and aU ~nu~eys se~ ured h.•reby, shstil becun?P due and pa~•abl~ torth~~•~th, or there-
atter, at [he option of sa~d ~tort~a~;ce, as fuUy and comptetcly as ~f ali ot the caul sun~s ot muney ~~•ere or~g~nally
atipulated to be pa~:i o~ such Jay, anything in said pronnssory n~te, an~l or m this uiorl~~ge to the contrary not-
w~thstanding; end thereu~~on o~ thereafter at the opti~m of said ;lurtbagee. .~•ithout notice or dcmand, suit at
law or ~n er{ufty, Lheretofore, or thereafter begun. may be prosecuted as ?f all moneys secured hereby had maturad
prior to its institut~on.
7. That in the event that at the beginning ot or at eny time pending any suit upon tAi~ mo~tgage~ or to
torecluse it. or to re[orm it, and!or to enforce payment of any cla~ms hereunder, said .~tortgagee shall apply
to the couct having jurisdiction thereof for the appuintment ot a Itece~ver, such court shall [orthwith appoint
a Receiver ot said mortgaged property all and s~n~ilar. includin~ a{1 and s?ngular the ~ents, income, protits,
issuea and revenues trom whatever source ~ieri~~eJ, ea: h arnl r~•eiy of ~~•hich, it being expressly understood, ia
hereb~• mortgag~d a~ if spPCitically set torth and descr~ted in the ~r:~nt~ng and habendum clausea hereof, and
auch Receiver shall have all the broad 1nd effecti~~e fun~~t~nns an~! ~xn:•ers in any~~•~se entrusted by a court
to a Recerver, and auch sppointment shall tx: made by such cuurt as an admitted equity and a matter of ab-
solute tight to said I?iortgagee, and without reference to the adcyuary or inadequacy of the vatue o[ the prnp-
erty mortgaged or to the solvency or insolvency ot sa.id ~iort~a~or and ~or ot the detendants, and that such i
renta, profits. income, issues and re~•enues shall be a~~plied by such Itecei~er according to the lien and/or equity
of aaid Mortgagee and the practice ot such court. -
8. It is understood and agreed that this mortgage is ~;iti•en to secure, i~ addition to the note or obli~aGon
abo~~e described any additional loans or future advances made within tW enty years [rom date hereof by th~
mortgagee ta said mortgagors or any successor in title ot said mortgag~rs of the property hereby conveyecl:
provided that the total ~npaid balance of the indebtedness secured hereby at an one time shall not exceed
thc• maxi~num principal amount ~t THREE HUDIDRED THIRTY~IQ3T ~OUSAND Dollars
~ S 338 ~ . ~0 1• Plus interesl thereon and any disbursements made b~ the mort~aKe~~ for thc pa}•-
r~icvit of ta?ces, levies or insurance an the property encumbered hereby, with . interest on such disbur~ements.
IN WTTNESS WHEREOF. the said MorLgagor Aas executed th' mortgage under ~eal on the day and year
hereln tirst above wrrltten.
Signed, eated an in the presence ot:
(SEALj
- w•--~•--- B . YD .
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, . . (SEAI,)
BNJAMIN, s wi e
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CHARLES F. MI LL
sTw~ oF..-------EIdJ.RI12A--------------- ) J ~..ti.~~.
(SEAL )
~
covx~rx oF---.... _~E ~ MADELYN MITCHELL, his wife
Betore me per~onauy appeared-----B-'•...BOYD BENJAMIN~..__loined,_ by_ ~hi$ _wife~--.~~:~,, . ~
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BENJAMIN . ~ ~ .
. .
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to me v~ell kno~.n and kno«-n to mF to be the individual.__. described in and K-ho executed Lhe fo~'iegatng in~tru= _:.r
mer.t, and acknow•ledged before me that t.he.X executed the same tor the purposes Lherein e~[p~5.sedi- . =
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WITNESS my hand and ofticial seal this.....15~1.__._.._._dey oi_.._.__._.SE~t~~~..~.•_ ~19~2:' c+ ~ .
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NOTARY PU~LiC STATE OF FIORIDA AT LARGE "v ~ ~
MY COMPAI°~' '"t~~S JULY 25. 1975 ~
G=NEr~AI lhSU,^•r1NCE UNDERWRI7ERS. INC. - - _ ~ ' • ~
LJ ounPubland StatefAforesaid. ''~+~?ttt~µ~~~~`` _
~ fIlEO ANO RECOa0E0
gT.lOCIE COUNn f~ 1
' ItOCER P01TIlA5
i ~LERK Ci:'.CU1T COURT
' ' RECORQ YER1FlEO ~ S
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c•:ell ::,awn a:~d :~r.o~::n -~o :..:~~v~.~,.u~., c..~~~_~~..~ . 1
caho execu::~c: rhe ~~re5oi:.g ~._.~tru:.:~~ ~ a:::. ~.:~~i ocrr.c:~~~4, u:~;:_~~e ~
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r.,e ti-.at t:,e~ c:tiecu~ed ~Y:~ sa::;e ~;:z ~:;e ;,;u~~ o~"~ `;._~_esseci.
in~Tti:.SS my hand and o~:.~c~ay s~ui 't:i;s /~-ca.~ o~
Septe~-;i;~er, 1972.
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