HomeMy WebLinkAbout0240 6. That (a) in the event o[ any breach o[ this tnort~age or defaulc on thc part oi the \(origagor, or (b) in tht e~eiu auy
ot saia sums of mouey herein reEerred to be not prompcly a~id fuUr paid within ten da~~s next aftr~ the sau~c se~•eraU~ t,c-
come due and paXabte. ~vithout demand or notice, or (c) iu the e~~ent eadi and e~•erp tl~e stipulaeioas, agrei:inents, couditions
and co~•e~~ants of said promissury note and this ~nortgage, any or eithcr, are not duly, proiupely and full~ pertormal. dis-
chargcd. executed. efEecced. compl~ted, compliecl ~vith and abided b}, theo, in eieher or any suc!~ e~~ent, tl~e saicl aggregate
sum ruentioned in said ptomissory nott then remainii?g unpai~!, ~vith interest accrued, xnct all n?o~~eys secured hereby, shal!
become due and payable [orthwith, or therea[ter, at the option of said 7?[or~gaRee, as [u!! aied completcly as if all oi the
said suras of moner wert origirtally stipulated to be paid on auch day. anything in said promissory note, ~nd/or in this mort-
gabe to the contrary notwithstanding; and thercupon or theaa[ter at the option o[ said \Ior~gagee. wi~hout uotice or de-
mand. suit at la~r• or in equity, theretoEore. or thereaEter begun, may be proucutecl as i[ alt moneys secured hereby hact
matured prior co its institutian.
7. That in the e~eiu that at the bcginning oE or at any time pending any wi~ upon this mortga~{c, or to [oretlosc it, or
w reform it, and/or to enforce paymeat of any daicas hereuncler. s:eid .~tortgagee sliall apply to tt~e court ha~•iag jurisdiccion
thereoF [or the appointment of a Receirer, such court shalt forthwith appoint a Recei~•er of said inortgaged propeny all and
singular, including all and singular the rents. intome, proEits, issues and revenues from ~vhate~•er source deri~•ed. each a~d
everp of which, it bei~g expressly undencood. is hereby mortgaged as iE specifically set forth and descrit~ecl in che gtanting
and habendum clauses hereof. and such Receiver shall har•e all the broad and effecti~-e func~ioi?s and powers in an~~vise
entrusted br a murt to a Receiver. and such appointment shall be made by such court as an admitted equitY and a maeter oE
absolute right to said 1?tortgagee. and ~rithout reference to the adequacy or inadequacy of ehe ~•alue of che propert} morc-
gaged or to the solveocy or insolvency oE said A[ortgagor and/or of the detendants. aud that wch rent;, pro[its, intoine. i~-
sues and rerenuts shall be applied br such Recei.er acmrding to ehe lien aud/or equity of said Morcgagee and the practice
of such court.
Ii~ ~YITNESS ~4'HEREOF, the said ~(ortgagor has eaecuted this mortgage under seal on the day and year herein iirst
above wticten.
Signed led and deli~er in che nce of: SCHANDELMEIER DEVELOPMENT CORP.
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c' By : ~~,c,~ ~ ~ ~ ,
- • res
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STATE OF ` ~~~hL--4 -~.~~~~E~
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$efore me personally appeared -
to me well know and known to me to be the individuaL__ descr' n who executed tht foregoing instn~~ea~, and• -
ackno~viedged before me chat ~he__ executed ch t e purposes therein expressd. +j: ~"''%.,,s •
~ SVITl`ESS my icial seal chis day oE _ ?''~i_~~, 19~ IC,`~^• _
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~ IL 0 ANU HECORO otary u ic ~n an 'or : ra =
; ST. LUCIE COUMTY f LA. che Councy and Scace AEotesai~.`-: - ' ~ ~ ~ . ? ~
ROCER P01?RAS - r, ~ ~ ~
I . CLERK CIRCUIt COURT ~iy commission expites: ~ = t j - ~ ~;lo~`
~ STATE OF WISCONSIN RECORt? ~ERIFIEO .
` ~L L~3t~
COU~TY OF uMILWAUKEE ~0 3 z6 PM ~73 2'~~.os9
F Before me personally appeared MILO E. SCHANDELMEIER~ JR , al~d ~
MARILYN SCHANDELMEIER ~
to me hell knotivn and
_ kno~vn to me to be the _ Pruidenc and Secretary
~ rezpecti~ely of _ SC~iND~F~I,~I~:R DEV_F~QPMENT CORP the rnrporation
nacnctil in che foregoing instrument, and known to me eo be the persons who as such oE[icers o[ said corporaeioi~, e~cecuted
the same; and then and there the said MILO E. SCHANDELMEIER JR._____i____' and the said
MARILYN SCHANDELMEIER did acknowleclge b~Eore me that said
_ instrument is the free act and deed of said corporauon by thera respectively executed as such o[Iicen for the purposes there-
~ in expreued; thae the seal thereunco attachecl is the corporate seal by them in like capacity atfixed: all under auchoricy in
tl?em dul}' ~-eued by the Board oE Direceors of said corporaeion.
' t1/ITNESS my hand ~n~qjf~ic~al seal this _ 28th~ day of SeQteIClb _ 19 73
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~ • 'JJ`~~ ~'i%-r.~'`~,~-~--- •
' " 4, 1~'ocary Public in and for
~ ' the Countr and State Aforesaid.
~ ~ ~ ~fy commiuion ~X is permanent .
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~7 Z t sr ~iQCiK ~f~~ PA~E
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