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• Tut !al le th~ ~vt~t ot any brtacA ot tAti mo~t~ar~ or detault on the pnrt ot the btort~a~o~, or ID? lo
t??~ •vent any o! uid ~um~ ot mon~y h~re?n re(~rred to p~ not promptly and lully pard w~thln ten daya next
aft~r tA~ aame severally become dus and payaDl~, vinthout aemand or notice, or ~cl ~n the event eacA and ev~ry
tn~ ~tipulations, a~nemrnta, cond~t~oru and coven~nq o! sa?d prom~s~~~~y no~e and tAu murtga~e, any or elther. ~
~r~ not duly, promptiy and tuliy petform~d, ducnarged, executed, etfecte.l, cotnpleted, compl,ed wiLA and apided
ey, then. ~n e~the~ o~ any such event, the ~a~J agere~ate sum m~•n~»ned ~n sa+d prom~sso~y note then nm~inin~
unpa~d, w~th mtere~t accrued, aod all moneys aecwsd h.reby~ shall becume due and payabte torthwith, or there.
alte~, at the option of ~aid Mortgagee, a~ tWly and comptetely u,t ail ot tAe sa:d suma ot money wer~ on~~nally
~t~pulated to tie p~iJ on auch day, anythin` in ~aid promissory notc, anA or ~n thu mortguge to th~ contrasy not-
w~thstand~ng; and thenupun or thereafter at iha opte~~n o[ sa~d I?1ort~agee. ~~-ithout not~ce or demand~ auft ~t
law or ~n equity, theretofoM or thereatter De~un. m~y be proaecutc.i a9 ~t all moneya secured hereby had matund
ptior to its tnstitutioa .
7. That in the eveat that at ths b~~fnnint of or at ai?y time pend~ng any auit upon thU mortsar~, or to
torecio~e it, or to ntorm it. and;or to enfo~c~ p~yme~t of any cla~ms nereundar, said Mortgate~ ih~11 ~pply
to ths cou~t Rav~n~ ~urfsdictton thereot for the appointment ot a Receivec, such court shal! forthwith appoiAt
a Recelver ot aatd mortgaged property dl and ~inrular, )ncluding all and s~ngular the rents, lncome, prorits,
Usue~ and nvenue~ Irom whatever iource denved, ea~ h and eve~ y of wh~ch, it Ge~ng expreuly understood. 1~
hereby mortgaged as it appc?t~caUy set torth and descr?tcd in the R~anting artd habendum clae~ei hereot~ at~d
•uch R~ceiver ahall have W the broad +?nd e[tccc~~~e tun~h~ns and ~~~~~~:Pr~ ,n an>~+~se entcusted by a court
to a Receivar. and ~ucR ~ppoiotment sAall be made by ~uch court a~ an adm~ttcd equlty and • mattes of ~b~
solut~ riaAt W aaid Mort~agee, and wtthout re/erence `to th! adequacy or madequacy ot the value oL th~ prop-
~rty mort~aged or to lhe aolvency or inaotven^y of uic) MortRagor and~nr oi the detendants, and that ~uch
rent~. prnhts, lncome, isaues and ~e~•enuea sh~il De a(~plied by auch Receiver arcoMlne to the 11en and/or equlL~
ot aatd )[ortgagee and the practice of auch eeurl.
above descri ans or future advances made within lwenty years trom date hereot by lhe
mortgagee to ~a~d mortgagors or an_ ~ title nt said mortgagors ot the property hereby conveyM;
prov?ded that the total unpa~d balance ot the inde hereby at any one time shall not exceed
the max~mum principal amount ot ~~~e~
(S plus interest thereon and any disbursements made by the mortRa
IId WITNE33 WHEREOF, the aald ~[ost~asor haa txecuted thi~ mortga~e under seal on the dsy and yeu
1~ere~n lint ~Dove w*eitt~?.
91~ned. sealed and delivercd tn the pre n~~ or: Jensen Beach Industries , Inc .
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F14f0 FEC
ST.~UL~C.^..~dN~t l , ~C
R~~; . ^p11R~S ~ r t
CLERK. ~::~'.1(t Ct•URT
~F~--~ •1: ~:ED
ST og_ ~w. Zi 2 oa ~N'76
COVN'I'Y OF.-.••-• .
:3~:~~2u~ ~
Hefor~ me per~oaWY
to me v~elt known and knou^rt to m~ to Ae the in ual... deacnbed in and v~ho executed the toregoin(~ tnstru-
ment, and uknowledged before me that .._.he.. . execu e aame for the purposea there~n e~cpressed.
R'iTNESS my hand and ottlclal ~eal lhis ........•---...••-4a 10.._..~
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Notuy PuDllc in end for
the Co:tniy and Siste Aloreaal .
My commission exptrei:
srwT~ oF....Fi.ORIDA....__... . .
MARTIN # ss.
COUNTY OF
Befor~ me personaUy appeared......~....-~•.•-- •~l•Z~OA.._...-•------------------•-_..--••--•--....--•-•
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anei...-••• to me w~II laiowa aad
g~ciytas~
known W me W be the..... ..............Prasldent and.--•-•--..._.~-•--•._....---......•-•-- .
' Jensen Beach Industries, Inc.
reapectlvely of th~ corponqon
named in the fon~olne iiutrum~nt. and known to me to De Lh~ penon~ who sa teu2~ ottfcsrs o! aafd corpontlon.
eaecuted the ume; and then and thero the ~ald.......~....~...--•Tl1.t.O.II .............•-••••--•--.....-•--......_.......___..aad th~ ~aid
..._..---.._.~..-------•--__ma .cknowl.as. D.ror. m. wc wa
trutrument is the tree act and deed of Wd corpontion by them re~psctively e:ecutad u+uch oMc~rs for t!~
yurposes thereia ex~Fe~ed: that the aetl thereunto sttachtd !s N~ corponte seal by tb~m tn tik~ capaclty at-
fl:ed; all undet suthbTlly"M them duly vqted by the Board ol,Dfrector~ ot aald eorporatlon.
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~7'~s ~;y r.na ~a orn~~ ...i cns........ .--L-------..a.y o _.~....._....-~---..._._.Y.......___ ._._.__.y i~76
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G ~ Q~~
- : . . .
. - - - ~ ' Notary PuDlle In ~d r
• the Couat aad Sbb orwld- ~ C~ Q
~[y commla~ton a~cptr~ea:~~~~L ~~/ci ~ / //~~J
?'r t ~~e~ PAC~ ~L~+e~
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