HomeMy WebLinkAbout0047 1'Aat la) In t1?~ ~vent ot any ~~each ot th~s mort`a~e or def~uit on the part ot th• Ato~t~~gor, o~ 101 l~
tR~ event any ot ~aid auma ot money hare~n reterred to De not promptly and tully paid w~tMn ten day~ n~~t
att~r the aame acverally becore~s ~~e aaW payable, w~tAout d~mand or not~cr, or ~ci in the eeent e r~ and ~w~y
th~ •t~puist~ons, a~reements, cond~Uon~ and rovenants ot atid p~om~s~~~iy note and th~~ nlort~~e, any or elt?~er.
ar~ not duly, promptly and [u11y pc~formed, discharged, executed, ettecte.l, completed, comp)ied v?nth ~n0 ~p~db
by. thee, ~n e~ther or ~ny such event, the u~J a~gngate eum m.~nc~nne.i ,n sa~d prom~saory note tAen remauunt
unpa~d, w~th ~nte~eat acerued, ~nd ~II money~ ~ec~u~ed A~repy, shall becume due and payaEl~ torthwttA, or tAt~~-
•tter. ~t tha opt~on ot aa~d MortQagee, as [ully and completcly aa ~f ali o[ the aaid sun?s of money w~r~ oriitnallr
atipul~ted to be pa~~ on euch day, anythina ~n aa~A pran:~asory nete, an~f or ~n th~~ mort~r`e to th~ contrary not-
w~tAatandln~; •nd lhereunon or thereatter at the opt~~~n nt sa:d Alort~agee. ~~•ithout not~ce or demarf0. ~ult ~t
!sw er :R r~~sl:y, t!:=:tCaf~ra, ar therratter beQun, may be prosecuted as ~t all moneyi ~ecured hareby !~d matur~A
peior to its ~astiwt?on
T. That in ths eveat that at the Deginn~n~ ot or at sny tlme pending any suit upon this mor.~a~e, or to
torecloae it, oe to retorm It, and~or to enforce p~yment ot any cla~ms hereunder, sud Mort~q ~hail ~pply
to t1~e cou~t havlns iuriadictlon theteot [or the appantment ot a Recea•:er, ~uch court ~hall torthwiW appoint
a Receiver ot said mortgaged property all and smgula~, ~ncl~ding all and singular the rents. Incotne, pcohU,
Wues and nvenues t~om whatever iource der~ved, ea: h anJ e~•~i y ol w•h~ch, ~e be~~ expresdy urfQeqtppd, b ~
hereby mortgagcd as speci[~cally set torth and deacnteA in the Rrsnting and habendum clausq Aereot~ and
~uch Rece~ver shall h~ve W the broad snd e[fect~~~e tunch~n~ and i~:,~cPra ~n anw?,se entn~~ted by a eourt
to a Rece~ver, and auch apE+o~ntmsot ahall De made by such cuurt aa an admitted equlty and a rtutter o~ ae-
~olut~ n6ht to aald Mort~~Ree, and v~tithout re[eren~e to the ad~yuacy or fnadequ~cy ot the value ot th~ prop-
~cty mortta~cd or to ~`~e solvency or insolvency of u~d I?tortRaRor andior ot the de[endanU, and that ~uch
rents, prohti. lncome. ~~uea and re. enues shall be a~~plied Dy such Recel~•er accordins to t1~~ Ii~n a~W/or puitr
ot uld y[ortsa`ee and tAe practice of such court.
8. It is imderst«xi and agreed that th~s mortgage ~s R?ven to secure. ~n add~Uon to the note nr obl~g~tiun ~
above descnbrd an~• add~twnal loans nr future advances made w~thin tvuenty years [rom date hereuf by the
mnrtgagee to <a~d mortgagors or any successor ~n t~tle ot said mortgugors o! the property herebp conveyed;
prov~decl th~t the total unpa~d balance of the ~ndebtedness secu~ed hereby at any~one t~me shall not exceed
the max~mum princ?pal amouni ot 1V@ thousand five hundred S1Xty-tWO-- Dollars
(3 6r ~ t. plu~ ~n~R
~i therer?n snd any d~sbursements made by the mortgagee tor the {,ay-
mrnt of ~a~C~s, ~e4~~c or ?n~urance o~p'~e property encumbered hereby, w~th ~nterest on su~•h d~sbursements.
IN WITNLS3 WHERI:OF~ the ~a~d M~ator ha~ ~xecuted thls mort=a~e under aeal on the Jay and yeu
1~ere~n fint above wtlttea
3l ~ealed and dellvered in the c of: ~~`n
t'~j~
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n ~ an
a . yc
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r ( SEAL )
ra ycan
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STAZ't OF.~'~?RIOA.._ ~
ST LUCIE ` ~ ~ :
~ COVN'I'Y OF. ~ 1 ~ ,
' ~ro~ ~~~y ~p~~ Donald_.G. Lycan .and Ila_.E. _L~can, .his _wife~ ;
~ __.__...._....~~~_._.~x~.~:g...~1~.a~.._Lycan_..qf ._7019.._.Delara..Drive_,_._Orlando~ FL 32803 t
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to me well known and know~n to me !o Ae the indi~~dual S descnbed ~n and who executed N~ tol~esoinj tnatru- ~
~
~ rr.:, s.^.d scknew:~~rQ D:f~ ~.^•:e :.*.s: . rzac:::.~ Lhs ~~:r.c far tt:a p::rFasts L'ssrsut sxps:sssa.
~ Vb'ITNESS my hand and offlcta! seal tr~i_ ~.$....•-•--.._..day .Ai~$.l1St_........._ 1l~s ~ -
~
~
e
g . .
Nota.ry PuDl1c 1n aud !or ~
~ the County and Stat~ Afore,aatd.
, .~r' ~
~ My co ls~ion a[pirta: . . i;
8TA'TS OF._ FIARIDA . . .
~ ~ f9~~ = _
~ cot7rrrT oF.. ST. Li7CIE- U/
~
~ Betor~ ms peraonWy appeared........._..........-•-.
~
, i
- and W m~ wW lmown aad - ,
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~ known to me to be We-••--'........._ .......................Prr:dent aad._..-----._._......__._......_..........._.._...._.._...___.._........... ~cnt~ry .
~
~ reapectlvely ot tM eorponUoo -
nam~d fn ths foresoins Uutrum~at, and known to me to Ds th~ p~rwn~ wDo a~ ~ueb otscyrs ot saJd eoepotatloa.
- ~
...aa ch...ie
executcd the same: anA Nm and tl+~n th~ ~afd_.......---•
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.
...~..~.__...__._-•-_._.--.__._..._..d14 ukaowlM~~ ~ton m~ tt~at sa~
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instrument t~ the free aet and de~d of sald corporatton by them teip~ctlvely e:~eutb u iucA ottlc~t~ for t~
~ purpose~ th~rein esprea~ed: that th~ ~eal thereanto attacheA ls th~ corporat~ s~al b~ tham tn Wc~ capacity ~t-
~ fl:ed: W under autt~orfty 1n them Auly veated Dy th~ Board of Directors ot uld corponqoa. ~
M.
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WITNL98 my hand aad otAclal wJ W~..---...--•••-••--•-• d~y of....__...._.._......_..._ , lY
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Notarp PuDlfc In sna for
~ ~pEO t1N Gountp ~ 8bt~ Atorrald.
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