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~ It being mutually understood and agreed that, in case the
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j~ amount of said loan and interest, or any part thergof, accordinq
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to the terms of these presents, shall remain due and unpaid to
i said GQMMERCIAL BANK OF VERO BEACH, mortgagee, its successors '
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' or assigns, after the expiration of 120 days from the date ~
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~1 hereof, it may take possession of said ship SUND(7WNER and <
~ appurtenances, and sell the same at public auction, in order
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i~ to satisfy what may then remain due, without any proceedings in
„ court or otherwise for the purpose of authorizing such sale, and
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thereupon may execute and deliver a sufficient bill of sale to
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transfer completely to any pu~chaser or purchasers all title and
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property in and to the said ship SUNDaWL~1ER and appurtenances to i
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the said ROGFR L.PETERSON and LOUISE PETBRSON, his wife, mortgago~s
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j~ as owners thereof, now belonging; the said COMMERCYAL BANK OF VERQ ;
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;i BEACH, mortgagee, thereupon to account to the said R~GER L.
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PETERSON and LOUISE PETERSON, his wife, mortg~ors, for any
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! ~f surplus of such sale after payinq all charges and expenses. And ,
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! j; in case of such sale as aforesaid, the said ROGER L. PETERSON and
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~ . 1~ LOUISE PETERSON, his wife, mortgagors, their executors,
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adminis trators or assigns, sY~all, whenever thereto requested, ~
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; i~ make, execute and deliver to such urchaser or urchasers another
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~ fi bill of sale of said ship SUNDOW1vER, and appurtenances, in which
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; ~i the register shall_be recited as above, for the transferring ~
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~ completely to said purchaser or purchasers all the rights,
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~i interests, and claims of said ROGER L. PETERSON and LOUISE ~
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` PETERSON, his wife, mortgagors, their executors, administrators
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~j or assigns, as owners of said ship SUNDOwNER. And in default of ~
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i~ the prompt execution and delivery of such other bill of sale to,
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; such purchaeer or purchaeere by the said ROGER L. PETERSON and ;~il,'
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LOUISE PETERSON, his wife, mortgagors, when thereto requested,
~AW OffiCEi ~~e said COMMERCIAL BANK OF VERO BEACH, mortgagee, is hereby
VOCELtE
b
GALLAGMER
r. o. ~o~ ~soo
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