HomeMy WebLinkAbout0277 TRat 1~) In th~ ~vent ot any preacl~ ot th~s mort`aRe or detault on the part ot tA~ I?tort~~~ot, or lel t~
th~ ~vent any ot w~d ~uma ot money h~ran rehrred co be not promptly artd tully paid w~thin ten day~ n~at
atter the same severally become due and payable, w~thout demand o~ not~ce, or ~cl ~n the e~•ent ea~h and ev~ry
th~ •t~pulat~ona, a~~eements, cond~t~oni and rovens~ts ot ~.ud prom~sso~y nute and this nwrtYa~e. aey ot Nther.
~r~ not duly. promptly atld tully perto~mad, d~scharged, executed, et(ecte.l, completed, cornplied vinth anQ ~O~4t0
by, tl~en, ?e l~the~ or atiy such event. the aud aggregate eum m~•~t~one4 ~A sa+d promissory note then rema~run~
unpud, witA ~nterett acerued, and all money~ xcured h.nDy, shall become due and payablt lorthwith, or th~M
atte~, at the opt?on ot sa~d Mortgagee, ~s [ully and completcly aa ff n11 ot the sud sums of money w~» orl~~n~lly
st~pulated to be paid on auch day, anylhlnt in said pronussory note, an~i or ~n th~s mortg~~e to th~ rontraty not-
withstandin~; and theceupon or thereatter et tha optu~n ot sa~d !?lortFaRce, ~~~itAout ~oUce or aemand. iult at
law or ~n equlty, th~retofors, o~ thereatter be~un. may be pro~ecute~i as ~f all moneys aecured hereDy haa mattu~A
prlor to its ~nstiwtlor~
9. That !n the event that at the beginn~as ot or at any tlme pend~ng any suit upon thla mflr:`a~e, or to
foceclose It, or W retorm 1t, and; o~ to entorce payment ot any cla,ms hereunder, sud Mort~q sI~W aDD~y
to the court havin~ ~un~dictfon thereof tor tAe appolntment ol a Recciver, auch court ihW forthwilA appowt
a Recelver ot aaid mortgaged property all and a~ngular, lncluding all and s~ngular the rent~, lncome, prof~ta,
itaues and revenues from whattver source derived, ea: h anJ ev~ry ot .k•h~ch, ~t be~~~ e:preaaty undetstoo0. p
~ereby mortgaged as if specliically set torth and descnted in the Rr:,nting and ha6endum clausea hereoi. ar?a
~uch Rece~ver ahall have all ihe broad snd eftect~ve tun~t~nns and ~~~,~c~ra ~n xn~~+r~se entruitM by a court
to • Rece~ver, and auch ~pE+o?ntment ~hall Ee made by auch cuurt as an admitted equlty and • matter ot ad
wlut~ r~6ht to aald Mort~agee. and w~ithout eete~~nce to the adeyuacy or fnadequacy ot the valw ot th~ prop-
~rty mortsaged or to ~he solvency or irtaolvency ot uid atortRaRor and ~or ot the detendanta, anA tl~at ~uch
reoL, prohb, lncome. ~aaues and ~e.enues shaU De o~~piied by such Receh~er accordins to t!u 11~n aAd/or pufty
of ~aid ~[ort6a~ee and the practice of auch court.
8. It is understood and agreed that th~s mortgage ~s Riven to securr. ~n addit~on to the note or obl~gation
above described an~~ add~t~onal loans or future advances made w~thin twe~ty years from date hercuf by the
mortgaRee to sa~d mortgagors or any successor in titte of said mortgagors oi the property hereby conveyed;
prov~ded th~t the totai unpa~d balance ot the indebtedness secured hereby at any ~one t~me shall not exceed
the max~mum principal amount ot g0~jj~ THOUS~j D REE HUND~g~ ~p Dollars
(S ~~n' _ nn 1. plus interesi therean and any ds~ursements ma-de by ~e-rnortgagee for the E,ay-
mrnt o ~ L~ te~rlrc or mwrance on the property encumbered 5ereby, with mterest on such disbursements
II~i WITNLS3 WHEREOF, tAe sald Nort~or hu ~:ecuted this mort~as~ under seal oa t?~e day and yeu
herein tirft ~pove w?rfttea.
Sl~ed. ~ealed and dellvered 1n the presence ot:
~ ~ .
~ '
. J - : _ ; (s~,)
. h Penn
. • (SFAI.)
Patricia Penn
srw~ o~ ~Z~QRI~A ~ ~ '
CotTNT7r oF. .ST. . LUCIE....
, ,
; Heror. m• p.r.onauy apaar.a...--.-----Ralph--P.en~_.and_~atsicia_._P~enn,._~is.._.wi£e_af .
~ 812 Foxhall, Lakeland, FL 33803
;
~ to me wetl known and known to m~ to Ae the ~ndiv~dualS. deacnbed ~n and who executed th~ tore~ofn~ l~utrw
i ment, and acknov?led~ed Detore me th~t~..ne~. executed the aame [or the purpoie~ th~re~n ~prw~d.
~ .
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I WTTNES3 my hand and ottlctal seal thii....2~~~1.._.._._._..day of•--_.__.....a~ilIIE'_......----_..........._...___. l~. Z-6
~ - t~~~~.l~'~
~ Notary Pu~lic in and !or ~11~td Larsen
~ the County and SbU Atbresald.~
~ My commtwion e~pir~io~ory R,bR.~, S4s:• oF fTo.;da ot lo•g~
a STATE OF....~.~I. My Ccen:nic;;u:t E~u~rts Ap.i! 6, 19Ei
~ $`I' I~IE ~d b; Amrr.::n fY.c d~ C~:roN.y Ca.
COUIV'PY OF---•••••'
~ Setor~ me personally appeared ...--.._...--•-••--•...-----••-•-•-•._.........._..w....._.____._._.._.._.---......._.:.:...:......_..._._
~
~ and...---•-•....... W m~ w~Il irnor?n and
ktawn to me to De We ...............__.._.._._._..........._PrM3dent and.-•-••---..•-_........_..~__.._....•--•......---••.. y...._....___...._._. B~cr~tar~
s
y reapectively of .r.. th~ corpontion
~ n~m~d in t2~e toresotns instrum~nt, and known to me to Ds th~ p~rw:u wbo a~ ~ucb ofnc~ra of aaiA corpontlon.
~ executed the aame: aad th~n ar~d th~» the ~afd.--.•.---•...---..._........_..••--••---.....-•----•-••••----•---••-•...._....••--.._...-•--•----•aad th~ Wd
~
.w._____._..._..__..._..~....___.......__d1a aclcn~o.vl~~ b~ton me that sala
tnstrument fa the free act and d~ed of sald corporatlon by Lhem nip~cqvely exeeut~d a~ svclf olHe~n for tb~
~ purpo~ea th~rem expres~ed; that t??s ~eal thenunto attached li N~ corporat~ ~sal by t~~m tn Wu capulty d-
~ tfzeA; W under authortty In th~m duly veateA by the Board of Directors ot ~ald oorponUon.
,r
` WITN!',.59 my hand and oftlclai Na! W~-......._.._~._.._._...d~y of..._._...._.__.......-•• lY.___
" FILED ~NU tif C:?RDED ,
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~ SL ~UG; ;,ObNT1 FLA. Notarp Publlc in at~a for
RbCs.? ?9lTRAS tII~ ('.ouatp aod St~b Atorw?d.
; - CLEP.K Ci'.;,Ult CCURT
RF~ORD ~f~ =iEQ ~7 ~~O° ~P~=
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