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6. TMt in tM ~v~ot ot ~y bn~ch o! this tno~K~ or detault oe tM put ot tM Moetp~o~, or (e) in tM
~wnt ~ny ot wid ~wn~ o/ momy Mnin nt~rr~d to b~ not pranptly ~nd tully paid within thirty d~ys n~st dt~r tM
wm~ wv~nlly b~eo~n~ dw ~ad p~y~bl~, ~without d~aund or rtotice, o~ (c) in tM ~v~nt Nch ~nd ~v~ry tM stipul~tion~.
KtMaNnt~, conditbm ~nd eov~nwb ot aW ptoml~w~y not~ •nd this mortp~~, My or ~ith~r. •r~ nol duly, pro~nptly
and tully p~r[onn~d. di~ch~r~ed, ~:~euud, ~tf~cad, tanpl~t~d. comPli~d witA •nd ~bidd by. tMn. io •itMr or •ny ~uch
~v~nt, t!w aid ~urK~t~ ~wa enMtio~ad in wid promiswry not~ tMn ~~mainin~ unpaid, with int~rNt ~cc~wd, and all
nwMys s~cunA Mnby. ~tull b~eoaN dw and p~y~bb tdrtAwith. or th~na(ter. ~t tM option ot wid Mortp~e~, ~s
tully and coatpl~qlr ~f it ~II oI th~ Nid ~urn~ ot mon~y w~n ori~i~~lly ftipui~t~d to be p~id ~n sueh day. ~oythin` in
Mid pt+omiaory tat~. ~nd/ot in tAis awrt~~ to tM coatr~ry notwithst~odin~; ~nd tMr~upon or t!?«~~it~r ~t tM op-
tio~ ot s~id Mort~a~N. without notie~ or demand, wit ~t I~w cr ia squity. tMr~tolor~, or tMrNtt~r bKuo. may M .
pws~cuted ~s i/ ~11 mon~ys s~eur~d htnby Aad mstund prior to its in~titution.
7. Thst in tM ~wnt tlut ~t tM bKinnin~ ot or ~t ~ny tim~ pa?din~ ~ny suit upon tAis mo~t~K~, or to /onelow
it. or to aforn~ it, u~d/or to ~nforn p~ymMt ot any elaim~ Mnwxler. uid lriortppa slull ~pply to tM court Aa~in~
jurisdiction tMnot fot tM ~ppointm~nt oI • R~ivtr. wch court shail torthwith ~ppoint • R~c~iver ot s~id mortps~d ;
Ptop~rty ~11 ~nd ~ia~ular. includi~ dl u~d sin~lar tM nnt~. lncome. profits. iuues ~nd nv~nu~s fwm what~~c~r sourc~ ;
d~riv~d, ach ~ad ~v~ry ot whkh. it b~in~ ~~naly und*trtood. is f~er~by mortsa~~d ~s it tp~citinlly s~t torth ~nd ~
d~ib~d in tM ~rantin~ aad fub~adum el~usa IMnot. ~nd wch R~eeiv~r ~Iwll Iuw all tM bro~d ~nd e(fsctiv~ fueo-. _ ~
tions ~nd pow~rs ;o ~nyvis~ ~ntrwtd pr ~ eourt to • R~ivK. ~nd such ~ppointm~nt shsll b~ m~d~ by sueh eourt
as ~n ~nitted puity and • autur o[ ~biolut~ ri~ht to aid Mwtp~e~. ~nd Mritlwut nferenn to tM ~dpwcy or in-
~dpwcy ot the vdw ot tb~ prop~rty moKpi~d or to tbs wiv~ncy or inwtvency o[ wid Mort`a~or ~nd/or ot tM
d~t~odants. ~nd tlat ~ueh nMs. profits, tnean~. i~a~ ~nd nveows ~haU b~ ~ppli~d by such R~ivsr aecordin~ to :
tM li~n and/or puity ot ald Mort~~N and tM ptsetie~ oi weh court. ~
8. To duly, promptly ~nd fully p~rfotm. diselur~~. ~sscut~, ~(tect, compl~t~, tompiy with and ~bid~ by ~~ch ~nd ?
~v~ry tM stipulations. ~~r~etn~nts, conditions aad town~nts ie ~aid promi~wry not~ ~nd in this moctpp s~t lorth. ~
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9. It is mutwlly eownant~d ~nd ~~rMd by ~nd b~twt~n tl~s Mortptor ~nd t!a Mort~a~N th~t this mort~a~~
~nd tM ~+ot~ s~rur~d Mnby coastitut~ a Fb~ida contract and ~Iull b~ construid ~tcordin~ to th~ t~ws ot th~t St~t~.
IN WITNESS WHBRBAF. tM wid Mort~Kor has ~:~eut~d this mort~K~ und~~ w~l o.. tM d~y and ywr Mnin
tint ~bov~ writt~n-
Si~md, se~l~d d~liv~nd in tM pns~nc~ ot:
~ (S~al)
. ~G~'`'~
. ~e MARK SOVEREL s
~~1.~-~~..J (SNt) ;
<Swq -
~
:
E~~IUCtE COUNTV FLA. ~
. ROCER POITRAS ~
CL ERK CiACItiT CO T ~
yrPE~lEO
STATE OF F IARI DA `
~r :
cc~t~'rv oF PALM BEACH UCC 1 I ol PH 17
'
Betore me personally ~pp~ard SOVEREL ~JN~7V`fa)~7 t
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:
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to as~ wrll kao~rn and known to au to b~ tht individu~l d~~eribd in and ~rla ~:~eut~d th~ forKoin~ imtrum~nt. and ~
~cknowl~drd ~~for+ an~ tb~t M~s~cut~d tb~ s~a~ for tb~ purpoMS tlwrein ~sp~wNd. f
''ti l , , . " ;
••"wrr~s,ss ;~r ~ otr~~ c~;, 23rd d,y o~ ovember . 19 77
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f - t tp Afo»~.id. i
; _ ~tr .~u..: 2 O. / 9 d'O i
~ ' <
~ .
~ ~ :
sre~rs oF' ~ " ~ ~ ~
~ ~ -
~ COUNTY OF
~ Hetore tn~ person~lly ~ppwrd
~ - . to aw wrdl kno~vn and
~
~
~ Imowm to me to b~ tM ~M~t ~ ~t~~ {
r~sy~ctively ot . tM eorpor~tion
~ ;
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- nsra~d in the ton~oin~ in~trum~nt. ~nd kno~vn to m~ to b~ t!w Da'wns wbo u wch otticen ot s~id coryor~tion. ~s~cut~d
~ _ _ .
tbe s~mr ~nd th~n and thtre tht s~id _ . - _ _ _ _ ~nd th~ Mid ~
~ ~ •
~ did ~ckrw~wbdp btto» aw tl~t wid 3
~ . <
t ~
~ inrtn~m~nt is eM frM ~et ud dNd ot wid oospor~tioo bp tb~m rMpKtiwlr u~eut~d a~ a~eh ottie~n tor th~ pur~o~ ,
~ th~rein ~sD*~wd: th~t tl~ w1 tMrw~n~o ~ttacL~d i~ t!r oorPo*~t~ wat bp tbwn in Iikr ap~eity dfi~d: aU undK ~
~ •uthosicy in tlwm duly v..c~d bp th~ Hwrd ot Dincton ot .~id corpondoo. i
;u
z
~ WITNBSS mr I~nd ud ottici~l wl thir d~r of , 19 -
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~
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~ . Notary Publie in ~od tor
~ tlr CouMf aid Stat~ Afor+wid.
~ Mr oo~ne~jaioo apinr.
~ ~~~8 473
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