HomeMy WebLinkAbout0640 MORTpAGE OEEO ]rt A ' / RAMCO FORM RE~d i
. TO C011W11ATiON ipOM INOIY~OUAL ~~LY~~1
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f:xPC~~t~l ~ht~ 4 day o~ October A. D. ty ' 2 6y x
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David E. Swartz and Barbara J. Swartz, his wife
herp~~~a(tpr calletl II~e mortga~or, to The Indian River Citrus Bank , a florida banking
~ corporafion existing unaer Itie ~aws o~ the Sfafe oJ Florida , u~ilh its permnnent postoj(ice
add~,ss Qt Vero Beach
~+ereina)tPr called the mortgagee:
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INAere~rr used hercia the termi "mor~sasor•• and •'mortRasee" includr a!1 ~!x par~ies to tL'n imwtoeat aad t6e hein, ~
IeRa) rrpre+rnuti~rs and auiRm ot individualf, aad ~Ae wccesor~ and assitas o( c«p«ations: and tAe term ••nMe••
includn all ~he aotn herein dncribrd it oar tAan one.)
~~tn~e~~ that /or ga«! nnd t~alt~able considera~ioi~s, and also in consideration o( the ag~re-
gate sum named in the promissory nole oJ euen clafe heretuith, herei~a(ter described, the mortgagor here-
by grants, baryeins, sel~s, aliens, remises, conveys ant~ confirms unto llte r?iortgagee nil the cerlain land
o~ eu~ich !{~e mortgar~or is now seizecr a~d in possession situafe in St. Iucie Cou~fy,
Flori~a. niz:
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Lots three and four, Block 41, Unit 5, as recorded in Plat Book 11,
page 5, St. Lucie County, Florida.
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~ ~ IN PMYUpR OE TA~S
OIIE ON CtASS 'C IRTAMCitIE PERSOMI /~Y~
N1RSlJANi TO piAFlElt 71-13~. AC7S OF 29A.
RWER ?OITRA.~ ~ ~
C1.ERII CIIEplII' COUIIt, ST. WC~E 00., FUl
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The Mortgagors warrant with the Mortgagee that in the event that at the
beginning of or at any time pending any suit upon this mortgage, or to +
foreclose it or to reform it, or to enforce payment of any claims hereunder,
said mortgagee shall apply to the court having juriadiction thereof for the
appointment of a receiver, such court shall forthwith appoint a Receiver
of said property all and singular, including all and singular the income
rents, profits, and issues and revenues from whatever source derived each
and every of which, it being expressly understood, is hereby mortgaged as if
specifically set forth and described in the granting and habendum clauses
hereof, and such Receiver shall have all the broad and effective functions
and powers of anywise entrusted by a court to a Receiver, and such appointcnent
shaZl be made by auch court as an admitted equity of ~ad matter of absolute
right to said mortgage, and without reference to the adequacy or inadequacy
of the value of the propertq mortgaged or to the solvency or insolvency of '
said Mortgagors and/or the defendants, and that such rents, profits, income,
issues and revenues shall be applied by such receiver according to the lien
and/or equity of said Mortgagee and the practice of such courts. ;
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