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HomeMy WebLinkAbout0352 6. That lal in the event ot any b.eaci~ of th~s mort~:tEe o: uet.:~2t or, the ~:,:rt ot u:e ~fo~tRagor/ ot~tb] Iri ine event any of sa~d sums of mou~3• here~n retcrred w oc not promptly .Zlld fuAy patd u•ith?n•M~idays nexi atter the same severalty become due and pa3'able, witho~it demand or notice, or ~cl in the e~•ent each and every the stipulations, agreements, conditions and co~~enants o[ sa+d promissory note and thls niortgatie, any or either. ai~e not duly, promptly and fully jx~rforni~~, dischar~ed, executed. eftected, completed, complied w•ith and abided by, then, in elther or any such erent, the sa:id aggregate <<un mentioned in said pro,n~sso:-~• note then remainin8 u~paid, with interest accrued. and all monecs secured heirby, shall become due and pn)able forthwith, or there- after, at the option of said liort;;:+~ee, as fully ar.d completel~ as if all of the s~~id sums of money were originaUy stipulated to be paid on such day, anytliins in said prom~~sory note, and/or in this mort~^ae to the contrary not- withstandinB; and thereupon or thereafter at the option of said Mortgagee, wilhout notice oc demand, sutt at taw or in equity, thereCofore, or the?•eaiter bc-gan, may be prosecuted as ii al? monc~•s secured hei^eby had mntured prior W its institutfon. 7. That in the e~~ent that at the beginning of or at any time pending any suit uper. this mortgage. or to foreclose it. or to retorm it, and/or to eniorce paymen! of any claims hereunder, said Mortgagee shall app~y to the court having )urisdictEon ihereof for the appoiniment of a Receiver, such court shall forthveith appoint a Receiver of said mortgaRed propertp all and singular, includinB all and singular the reiifs. income, pmfits, icsues and re~enues from whaterer source derived, each and every oi v?hich, it being expressly understood, Ls hereby mortgaged as if speciticall~ set forth and descrfbed in the Branting and habendum clauses hereof, and such Receiver shall ha~e all ti~e broad and eftective functions and powers in anyRise entrustetl by a court to a Recei~er, and such app~intment shall be made by such court as an admitted equit~ and a matter of ab- solute right to ~aid 1?iortBaKre, ar.d ~citrout reference to the adequacy or inadequacy of the ealue of the prop- erty murtgaSed or to the sol~~ency or in~olvency of said '.~iortgagor andlor oi the defendants, and Lhat such rents, profits, income, issues and re~•ent~es shall be applied by such Receiver accordinir to the lien and/or equity of said MortgaRee and the practice of sncl-. court. 8. 1b duly, promptly and fu!ly tx~rform, discharge, execute, eifect, complete, comply With and abide by each and eeEry the stipulations, a~~ree:nrr.ts. c~nditioas and eccenants in said promi~or~~ aote ar.d ia th3s mortgage seL Iorth. 9. It is mutually covenai3tec: and ag~•eed by and between the Mortgagor and the Mort~agee that this mortgaBe and the note secured hereby cons*_itute a Florida contraci ar.d shal] be construed according to the iavts of that 5tate. IN WITNESS WHEREOF, the said 4lortsagor has e~ecuted this mortga~e ande: sea2 on the day and year '~erein first above written, SHEAR-BARRER COMPANY (Not Incorporated) . se . ~ ' an liv sence.of• . . . . - - - BY_?...... . E~11 ~ Sidney Barr r A-- ~----tseall ~ -........[Seall ........[Seall : ~'~ATE oF. _ . . .FLORIDA. . . . . . . ss. ~ roUrrrY oF. . .$~tOWARD. . . - - - - - ~ ~ C.~ `::!:f~t ~~dt~ me personally appearEa . . _ Sidney _Barre~,. _ a _ Pd~:~~gx. .o~. Sh~a~:-B~~]~'e;, . . ~ ~~-Comp~S~.(Not,.IncQrpQrated) . - e~ellachayvh and known to me ro he the indi~•idual dESCnbed in and who exccutec3 the foregoing lnstru- ~~iC~f1t,~_~ "~re~ctioWledged befo:e me tl:at he esecuted the same for Lhe purposes therein exprecsed. .c_ - l.> ~ : Q ~ r~ T ~ . ~~.~~W~.71v~S my hai:ct aiid officiai sEal this. . .3 . . . . _ . . . d8y oi. . v. I.`/ . . . . . . . . . . . 19. 73 ' - . , / . rf(,~+~`~Ct,`\~ - ; • • , p N4 tt G $ ~ - 4-,,.,~,Q...._ ~•-Q . . . . . . . . . . . - - . ~Q!'~~ ~~~C~C~f ~Q ~ ~ ~Notsry Public in and for 2~`~'~+~ ~OCtr F~' u f the County and State Aforesald. ~~~R~, ~tR6U~ My commission expires: 4tEC0AU YEa•, tf. . ~ ~ oF . 1~3 7~/t/7j - ~OL'_ OF . . . . . . . . . . . . . . . ~ ~ ~ ~J!i ~ ~ ~ Before rsonaU3 aPPeared and . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - • . . . . . . . . . . . _ . . . . . . . , to me a•ell known and ,`.r.o~.n [o me to be the President and Secretary .esPecti~eiy of . . . . the corporation ~:amer, in the torego:n~ ~nstr,.tr.ent, and kno~rn to ta ~e :ne persons who as such officers of said corporation, executed the same: 2r.d then and tt:ei-e the said . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and the said ....did acknoveledge before me lhat said ir.st:ument :s the free act and deed ot said corporation by them respecti • executed as such officers for the Furposes Lherein expressed: tna! tne seal thereilnto attached is the corporate 1 by them in like capacity af- .*ixed; all under authorit~• in tl~ein duly vested b~ the B~ard of Directors of sai ration. WITNESS mp har.;i ar.d offic~al seal this dap of................ 19..... Notary Public in and for the County and State Aforesaid. ~ R 1 1?!y commission expires: E~~r~l~ y1Gt 35Z ~ ~ ~ ~ ~ - e ` f . _ . ~ :~w~~