HomeMy WebLinkAbout0619 aad power to Rrant s~~ch extensiuns to the make~s oi the aotes hueby szcurcJ as ~aid mortgagee may dcem advisable~ without
fu3t c,l+taining the co~xnt ot aay othet person liable tor said deb6 whether primary or seconJary, and to take scch renewals
oi 16e notcs and debt hereby secured as said mortgagee may deem advisabla. without 6rsl securing tht conscnt of any other
person li~ble to? said indebtednas. No delay in the enforcement by the mortgage~ o[ any of the rights uf said mortgageo
arising hy virtue of this mortgage deed aad p~omissory notes hercby secured shall operate as a release or dischazge ot aay
pe~son Iiable for tho debt he~eby secured, w•hetAec primary or secoadary,
13. In the event ot the Mortgagor's default in the pe~formance of any of the tcrms and provisions of ihis mortgage
or the promissory nates hercby sccured, the Mortgagor irrcvocably appoints the Mortgagee or ib represeatalive as the ageat ~
of the btortgagor for the following purpos~s: (a) to entcr upoo aad take possession of, for thc aaount of tht Mo~tgaRot.
the mortgaged.prcmises aad property hereby eacumbered (including but aot limited to the reats. profits a~d income accYUing
therefrom) until such time as said property, including rents, profits and income. is taken into actual custaiy by the court as
pruvided in Paragraph 11 hereof, and out of such nnts. profits and income to pay all obligations of the Mortgagor as herein
defined. in the order which the Afo~tgagee may determine; such acts of the rfortgagee shall not be construed ac a waiver oi
default or atoppel against the I~tortgagee to exercise all other rights and priyilcg~s herein rnnferred upon the 11~ortgaga;
(b) to take possession of all tangibte personal property hereby encumbe~~tii for the acccwnt of the Alorlgagor. and provide
for the safekeeping of the same until such time as said prope~ty is takea into actual custody by the court, as provided in ,
Paragraph 11 hereof. r111 costs and e~peasu thus incurred by tbe rtortgagce shall be paid by the 111ortgagor and secured
by the lien of this mortgage.
l4. In lhe event the jurisdiction of the U. S. District Court shall be iavoked by or against ihe mortgagor under any
of the Chapters or provisions of the Chandler Act ( I 1 USC), such action. whether voluntary or involuntary on the part of
the mortgagor. ahall automatically. without aotia. accelerate the maturity of all sums of money herein describcd and
secured, and the same shall thereupon become due and payable forthwith as fully as if the said aggregate sums of money
were originally stipulated to be paid on such debt. Such court upon mere motion of the mortgagee shall forlhwith without
delay proceed in a summary manner (the most eapeditioas way alloarablc by General Order 18, I1 USC 94(a)(4)) to xll
the property hercin eucumbered and apply the proceeds of such sale in satisfaction of the debt hereby secured. an~ if suct~
proceeds be insutficient to discharge suc6 debt, the mortgasee shall have the rig6t to participate in the distribution of other ~
asuts of the mortgagor. ~
IS. ?he mortgagor agrees that it wii) not directly or indirecUy. voluatarily ot involuntarily. suffer. atlow or permit •
any coasensual or nonconsensual or statutory or judicial lien to attach to the real~ personal or iataagible personal property
hercby eacumbered by this mortgage deed.
16. In the event the real propecty eacumbered by this mortgage shall be wholly or partially taken by the utilizat3on
of power of eminent domain, such taking shall automatically without notice mature the entire debt hereby secured, and the
compensation awardcd the owntr in such proceediags shall be paid to the Mortgagee and applied pro tanto in payment of
the principal, interest, ezpenses and reasonable counsel fees due the ]?iorigagee az herein provided.
17. 'Ibe debt evidenced and securod by ihis mortgage deed 'u also evidenced by promissory notes more particularly
desctibed as follows: A description of said promissory notes is hereby dtemed adequate. The mongagor does hereby waive
the attachinA of copies of said promissorr notes to this mortsarte. ~
l F,=~t ESrA~F 1'~~~TAlLf.1ENT NOTE
` r.., t~~,d~~,~a~~. FioriJa --MdTC}7 22 14 74 _ S. HSO~OOO.00
S fcr va!u^ n•roived the ondersign+ :1 (a~~d ~~~~c e tii.~ c•~. o! ~.,~t'~ .n:d scvc:al~y), here~na;~er ca~ a MaRC~. Promises to pay 'o tne order o~
FORT LAt;D~R~~.'_C i~tATIONAI BANK 1
, herei~aiter cailecl Bank,i
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~
- r: u~P~-~ in fo~r lauderde~e, Ftorida, tt;e pr~i:up.~ svm of
EIGHT HUNDRED FIFTY THOUSAND and no/100-----------------------------------------------~o~tnas
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~ •~c~• i^ •;t;tl~ ~~~;.~r~st thereon trom __M~CYI _ZZ.~.197_4_ at the ra': of percent per anou~n. lhe prinupol sum, fogether with inte~est,
- FIFTY-TWO THOUSAND NINE HUNBRED FIFTY-T4:'~J and 88/100 _~o~ta.s
•.,~i F.~ e s __~pnua~,:.. > , - - - -
n. ~ i~ -~~r~w r -
52, 952.88 lst October , i 7
- (conta h pn~u~el and ~r~ieri>•). cwnmcn:,nn c~ th~ ciav c~f 9_
April and October
r~ t~n, nn on the 1 St _ day ~i /~?E)Q]b t+zereafttr u»ti) ~rX~exa~ocaaHxnexwc~eaex~d~¢~ue. April 1~ 1984 ~ 8t W}11Ct1
time the remainirx~ principa~ toqether wi~h .~11 a~cr~ed inter~est s~al~ b~e d~e .~nd ~a~?abdl~e
. f}•~ c,,=•~t any insta ~ment of pri~~rp~~ ~n e.es~ ~s nor pa~ tiv~~ ~n 15 dati~s a ter 1hB S3ntC ~wrrcz u•a, t~~e vr o!e o sa~ aggr ga e tedness
?r...:.., -?.,,r..;1 Slea!1 fortnvcith at el~ctio-~ c: . :•a~,F ..:.1-.~~t co~i= , F co~n~ ti~~~ and pa,ay;~. In co^nt of any acee{eration of Ihe neatunty of the
- r~~~ ~i:dci~~.;!~~ess, interest at th•. F:ol,._ ailc:,~u`r by iav~ v~ithout vi~i,;ing us.ry IJKS ~;~,'i be ccmpuird ar.d be reqvir~d to L•e paid on
d , •tc principal and iricros: J.•t t.~•~~ of aue`cralic~~ vhtil tne sa~i~r. ~s ~i ~id. 'no d^!ay by tho vayee cn c~lder of th~s rotc in
~.,_~~'.c~ t~"t= s h~reof sF~ll e.er bn tc• as . ~.~lvn~ c~ hi:. rnr ~r its r.~ht to •~nfo•r~ tno Tne dc~f e~idenced by this noto. hari;rg
c+,.-~ t:._. r.c.~:^~.:'ed by n~<+-.o:s of def.~~!r, c, ~~•.r. ,.r.~:c~~ -_ave ,.,,d exc•~pt (,1) by an ir.stru~r~nt ,n'..r~t:~~g e~ec•,~ed under seal by the holcer ol
r.: ..,o'~ ~i.~! -!sn (i) supported 'cy ~nc'ep, i r.r eeJ .~~i~i vab1. censide•ation. Ti:o acccptar.ce k~y th~ ho:r!_r of this note of parf paymcnt or part
. ,:V+U not 6e ireatcd as ccr~•c .,_'tFav!t, ro+ eh.~ll thc sanw oF,c~are es an tstcpprl ot viaiver.
.~i! S~~~k is hereby expressly a~~ri,v~i- ' re;~in eny ge;~cial or spec::,l de~.ort, !o!'at~ rz!, rr:~l ~r pers~:~al secwity er proceeds tF.Freof. belor9'^9
. - i• ~7•: ,,n,_:`., or ar+y .;nderser he~eo~ r f•e.: ~h.: ~ por>css:~n oF said Bsnl~ ci:~r~nq she !:~~~e t'us ncie rcmains unpa~d, and b.fore or ahe~
.•y r:ct~ ,~~r•e to ti~;s o: otL_~; dct+ '~i~~{~t~ u~~-~ or to hecorne due th~ holder of tn:s no'^. ?he o,akers and enciorsers of this r,ote nere6y
cs.-: ~~•~4. :uil authaity to sell, in ~n^ ,+~.ncr pioviacd by lavi, any s~~.'~~ tol'atera; an~ any oiher collate~al at any t~me pledged to sewre
, . _ t
•'d it betar.e r.ecessary t~ t tS~;s ~iu•~ ~iirocyh an atterney, eitner of us, ~vher6er ~~.~{.er w endorz r on t~is note, hrrEf~Y a_e,~ees`
. c^st; of ii~ch collectio~, ir~ciudln, aso:.~i~f•• ,~tscr~~eys' fee. All ma4ers, enc:o:s~r, and eth^r ~art+es 1ia61e hereon severalfy waive present-~
~ ;.cs+~s! a~~J notice o( dishonor, and tnat t~me oi piy~r.cnt may be extended v~ithout notice t6ereoL
r., rs and r~do:sers, and alt ~ v~ho I,.-~:c .,s;:,,^cd th~ oblig'tion to pay t:,~s p:o„~'ssor~r note, c!o hereby certfy, v:~rrant and ~ .
~;•e• •i'f b Ih^ payee .~rH1 i~elder o~ tf*~. fcJ~~-s: (:.1 ti~;t all !hings required l:y law to be had ~nd done and stcps ~a4en in o~Jer to
. a ~;i:•i obl~gat~^n h.~vr becn had ~ a«d ~ln:~.~; tL? Tf~_ar th.• debt evidcnted hcrchy ar~ +bis pru~~~isscry note ~s a valiJ s~~Ls~st~nq debt and
~:i.~'~~ F rv ;;ory notr, (c1 That tiie ~n?: ;:~.id ~he •~n~o;5< rs a~d a~l persons who have assu~n^c! t'~° cbl ~at;un to pay f}.is promissory note have
i„ ?q.n;r the e~fe~r_~ment oE ihi: ~r-~~:•sscry no~^; i:~, T;»t thc Covrt, :~~thc.uf :i,c intcr:cciion c~ a;ury, upon a n•otion for svmn:ary judgemenl
: :!•.r•r ~r.ay .3~tem~~ne a~~d adjudi:aro aU n( :.:~;•ey dv, hereundcr, inc~uding 5ut not lir.~it:u to principal, ~nterest, reaser.abte attorneys' {ees,
~.n c~;•c a~ ~i othcr expenses. •
ST. LUCIE PACKING CORP.
BY ~S~ - - ~S~ ~SEAL)
D. D. OLIVER, JR.
~ Attest ~ S ~ ~ S ~ (SEAL)
Secretary SARA ULNER •
~ ~ S (SEAI.) ~ S ~ (SEAL)
BERNARD EGAN ~ p CHARLES M. CAMPBELL
~ S ~ eoo~ 225 v~cc ~ S ~
(SEAL) (SF,AL)
T-'~~'~~'~ BARBARA ANNE CAMPBELL
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