HomeMy WebLinkAbout0039 8. That (a) In the event ot any breac?~ of thi~ mortgage or detault on the part of the rlortgagor, or Ib) W
the event any of asid auma ot money herein sefe~red to be not p~omptiy and fuliy psid within ten days next
after the same severally become due and psyable, withuut demand or notice, or ~c) in the event each and every
the aUpulations, agreements, condetlona and cove~anW ot s:ud prom~sao~y nute and th?a mort~age. any or elther.
a~e not duly, promptiy and fulty periormed, dischar~ed, executed, etfected~ completed, complied xith and abided
by. theo. ?n e~ther or eny such event, the said aggregate sum m.•ntioned ~n said promissory note the~ remaining
unpa~d, with intureat acerued, and atl n~oney~ secured h~reby, shatt becume due and payable forthwith, or there-
atte~, at the option at said rlortgagee, as tully and cumpletcly ns it all ot the said sum~ oi money Nere o~iginalty
atUpulated to be pai3 on auch day, anything in said pro~wssory note, and • or in this mortbage to the conjt~ary not-
withstanding; and thereupon or thereafter at the optiun ot said 1?Iortgagee, ~ti•ithout nouce or demand, suit at
law or in equlty, theretotoro. or thereatter begun. may be prasecuted as i[ all moneya secured hereDy had matured •
prior to lts lnstiWiion.
7. •That in the event that at the beginning oi or at any time pending any auit upon thts mortgage, or Lo
foreclose i~ or to retorm it. and/or to enforce payment ot any claima hereunder. eaid' Mortgagee shaU spply
to the court having, jurisdiction thenof tor the appointment of a Receiver, such court shall forthwith appoil~t
a Receiver ot said morigaged prnpecty all and singular, including al! and aingular the tenta. income. profits, !
issuea and reve~uea from whatever source de~i~ ed, each a~d every o[ which, it being eupressly under~to0d. L
hereby mortgaged as it specifically set torth and descr~ted in the gr:snting and habendum clauses hereot~ and
such Receiver ahall have aD the broad and e[fective functions and pc,~~•er~ in an}neise entruated by a court
to a Receiver. and auch appointment shall be made by auch court as an ndmitted equity and a matter o[ ab-
eolute right to said Mortgagee, and without retereace•to the adeyuacy or iaadequacy o[ the value of the prop-
erty mortgaged or to the aolvency or insolvency of said Atort~agor and~or ot the~delendants. and that auch
rents. protiW, income, isauea and re~•enues shap be appiied Dy such Receiver according Lo the lien and/or equity
ot said Mortgagee and the practice of such court.
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8. It is understood and agreed that this mortgage is give~ to secure, in addition lo the note or obligation ?
above described any additional loans or future advances made within twenty years from date hereof by the
morigagee to said mortgagors or any successor in title oi said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of the indebtedness secured hereby ~t any one time shall not exceed
the maximum principal amount of _ Dollars
t5 plus interest thereon aad any disbursements made by the mortgagee for the pay-
mrnt of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements.
~T WITNES3 WHEREOF~ the aaid Mortgagor has executed thia mortgage under xal on the day and year
herein firat abov~ ~rrittea.
ed, aealed snd deHvered in the presence ot:
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STATE OF--•-.r.1~:i..~.H........_.....___
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COUNTY OF_.. ~?.A.-~_~.~_~x
Irvin . Powell Leland '
' Before me personallY aPPeared.-••-•-•-•--..._.._~.._........._.._...__..._a..._..._...__.._... "I R._.~kL6.~.L_clll.Gl_.._._.........._ -
Fannie B. Powell `
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to me well known and known to me to be the individuslS. described in aad who executed the foregoing inetru-
ment, and acknowledged before me that .~he~ executed the same for the purposes therein eupresaed.
WTITTESS my hand and of[iciel eesl this..__._ "t~~~..:.._...day oL.._..~.i.!]_.A~.S..`1.1.._...~.........._.... 1~.~.~
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' No Public !n aad lor, .
i the unty and State Atoreaald. ' , . . ~ - ;
~ My commia~ion explres: • I ' ;
; 3TATE OF..----•----------------------------------------• NOTARY PUBLIC: State of FMrida at 4~
~ ~ s.,. ray c~~:T~~;~: :~<p~:~:s biay 25~;976
j ~.~~Y ~F.--'--•..."-•-»--_....'-'•-"'••-•'--'-'- ~ 8onded Dy AU1U "uW1YfRSINS~7~.L . ~
~ Before me peraonally appeand ~ - ` - ,
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' and.._...._...-•--• W m~'wifD~ImsWe'aad -
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: known to me to be the ...............___...._......_...._..Preafdent and._.__._._..._..__._._._.._.-•--------...:.._............_._..__ Secreter~
e
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; • respectively ot ths corporaUoa
named in the foregoing inetnunent, and known to me to be the persozu wLo aa auch ofIIcera M aaid eorporation,
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~ executed the same; and then and then the aaid_._..-----°--•----...•--....--•--.._...._....~......_.._........_.__._..__._._.._.__...aad the said ~
~
; .......did acknowledge bntore me that ssid
instrument ia tne free act and deed of said corporation by them respecUvely executed as auch oMcers for. the
purpoaea therein expresaed; that the aesl thereunto attached is the oorporate seal by tbem in like capacity d-
tixed: sll under authority in them duly vested by the Board of Directors ot said corporaUon.
WITNESS my hand and oftfcial seat thle...------•--~._-----..daq o1_...._._.._.._.__..._ 19._._~
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! f~~E`~ ' ~ Notary PubHc tn and for
~ gT. lU OIM~s the County and 3tate Aioresaid_
PG ~Vl? 60~lR l~y com~?fasion eacp/res:
CtF *.R ; .IED
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