HomeMy WebLinkAbout2366 prope~ty or an~ purt therevf. ~ ~
6. To peiJorm, camply tuith and u6tcle by each a~ul euery ~lie ati,~ulution.a,
a~reementa, cundittona a~ed coven4nta in 8oid pru~?lisaory note uiid ~n thia ~teed iet
/orth . .
7. Ij any oj iaid auma o~ money hesre~n re~esred to be not pr~~nptty and full~
pa~ within fifteen ~ daba neact ajter the ianaa severall~ become due a~:d
payable, or i~ each and every the ~t~pulattona, a~reementa. conditiona and coi~enonta
o~ aa~d promisaorb note and th~a deed or cither, are not dulb perjormed, con~plied
with and ob~ded by, the autd a~~re~ate? aurri mentioned in auid promi.Rxor~ note sholl _ ~
Le~ome due and payable ~orthwrtth or thereaJter at the optio~ oj thP .1Kort~adae,
aa f
ully and eorrapletely aa if t~ie aaid a,Q~i~e~c~te aurri of Ninety Five Thousand and
no/100---- Dollara wa~8 ori~'inall~/ 8tipulated to be paid on sucla day,
anbthin~ in said prnmi,seory note or herein to the contrnry notwitlr~standin~.
8:' That any default of any prtor encumbrances to the said mortgage shall auto-
matically constitute a default of this mortgage and, at the option of the mortgaqee,
render the same fully matured and due and payable.
9. If default shall be made in the terms and conditions her~eof or of the note
~ hereby secured, the mortgagee shall have the right forthwith, upon such default, to
enter on a~nd demand possession of the mortgaged premises, and to receive all rerits,
issues and profits therefrom and to apply the same on account of the amount hereby
secured, and such rents and profits are, in the event of such default, hereby assigne to
to the mortgagees; and in coniunction with the said rigM, mortqaqees shall have the
right to immediately upon such default have appointed a receiver to take possesaion
of the said mortgaged premises and to receive the rents and profits therefrom and pre-
~ serve the same and the said premises underd~rection of a Court of competerrt juriadic
~ tion.
~ 10. The mortgager covenants and agrees that in the event of the insolvency of
the mortgagor of the institution of bankruptcy proceedings or of the receivership of
the mortgagor, voluntary or involuntary, that the same shall constitute a breach of
tMs mortgage and the said mortgagees may at their option declane the said mortgaqe
matured and fully due and payable; and the riqhts of .atiy receiver, trustee, or trustee
in bankruptcy shall be subiect to terms and conditions of thls mortgage and the note
hereby secured.
11. That in the event of default by mortqagors, that mortqageea shall look only
to the ~eoqqe~ty which is the sub~ect of this mortgage and mortgagors shall have no
personal liability for the indebtedness or for any deficiency which may arise through
a foreclosure sale . ~
TII ~1t21eee ~el'~Of, The aaid JlSort,~agor h,ereunto aets hia luind anal
.ceat tlce ducy and year firat above writt.en. ~ -
Signed, Seated and Deiivered in Presence of:
Rid ec t Mobile Hom Park, a Ltd .
_ _ pa~ner p
, .
Co!eol0
ST.lt1Ct~ :OUNTY F~A.
ROCEi? ?~~iRAB -
COURT
- RF~~RC YE~~%1:0
Zs PH'Z3 as yeneral partners
State of Florida, ~ ~
County oi ptnellas 2~1~90
I, an ofytcer authorixed to take acknowled~mentR oj deeds according to the
laws of the State of Florida, dulb qualifted and actin~, H~REBY CERTIFY that
Theodore Sobel and Melvin Glass, as general partners of Ridgecrest Mobile Home
Park, a Ltd. partnership
to me peraonutl~ known, this dab aeknowledged beJore me that they "
executed the ore oin mort a e, and I F'ITKTHER CERTIFY thut I kno
j P ~ d ~ ,i+a ~,~;,so~;,
peraons marking Raid acknowled~ment to be the individual s d~s{~`bet~~~?t;'biy,~=?=_
1 • ~
who executed the said mortgage. ,i t',
IN ~VITNF.~S 'iVHEREOF, I hereunto aet mb hand and o '~eo3~ d~~.`~
3t. Petersburg, aatd Countb and te k~i ~r I~`
u• .i`,
day o~ April , R. D. 19 73 Y,~~. u~:
T~ ~f ~ ~ ~ 1 ~ I • ` : .,M~:
: R ~ ~ N~:Gf N~ E.r.~ o.~. ~o, ti~i Xota P b ! ~ , ~ .
"v Jr. Mw ,
~ e. ea~~+r c.. JKy Co ~on &~cp~rea ,
ts~:+ ~.T:..u,+
~=~T'~~ - . . _ - ~;~-~;fr;~"
~
~ ~
x'~°