HomeMy WebLinkAbout0490 l2. It is furth~r covenanted aad agreed that it at any timc in thc opt~on ot Jlortgagee e recei~~crship may ae necesspry to +
protect the mortgaqed property, o~ its rents, iuuca, protits. crops or produce. whether betore or atter maturity ot tha
: indebted~ess hereby Kcured. or at the time ot or atter the iastitntion ot suit to collect such indeDtedness. or to eaforce this
morigage, biottg~gee shall, u a matter o! slrici right and re~arJlesa o( the value ot th~ mortgage security for the amounta
due he:eunder o! tecured hereby~ or of the aolvency ot any puty bound !or the payment oI such indebtedaesa, have the rigt~t
to the appointment oo es paKe application~ and wltdout ao!!ce io anyone. by sny Court havia~ jurisdictioa. ot a receiver to
tske ebarge ot. maaage. preser~e~ protect and opecate iaid prope~l). to collect the cents. isaue~ pmfits and income thereoi.
to sell aAd d~liver all ce~opa aad produce growft~ or gmwn aad produced oa said pmmises. to fertilize and care fo~ any groves
on said'land. to make a!t nccessary aad nceded repalra. and to pay all tsxes and assessmeats agaiast said propetty and insur-
aace premiums for lasuraare thereon and after the paymept ot the expenses ot the receivership and manaQemeat oi the
pmperty to ~pply the aet proc~eds in teductioa oi the indebtednesa hereby aecured or fa such manner as We Court sha11 '
direc~ Such receivershlp ahall, at the option oi Motlgagee~ conlinue until tuU payment oi all :ums bereby se¢und. or uaW
tiUe to said properqr shdl have gassed by sale under thh mortgage.
l3. It is covenanted snd agceed that tbe terms "Mott~a~or" ~ad "~iortgagee" tor convenience herein employed~ and aap
pronouas used in connect[on therewitb. ahall be coastrued to include the plura! as welt sa the ~ingulu number. and the
masculioe. tcmin~ne aad neuter gender, wheae~er and wberever the conte:t so admits or requirea; and that all covenants
wd obligatioas oi We respective partics hereto shall extend to and be obligatory upon their heirs, legal rcpresentatives,
successors and asaignc.
14. This mortgaae aad the obligation hereby secured is subiect to inte~est madification et the end of each one ycar period
and tDe holde~ of this mortgaRe reserves the right to modity the inlerest so as to equal the lhen prevailinA interest rate o[ lhe
A~ortgagee above named. pmvided writtea notice shall be given lo the mortg~gor oi such change at least thirty (30) days prior
to such revision.
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II`1 WTl'NI'SS WFiERF.OF Mort~agor5 have hereunto set thei r hand ~ seal NAY ~ l ~ ~ OS ~M ~TB
Witnesses as to the ignature ot Daniel C. Callaghan: ~ ~
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_a~nt~o ~~ie s'~gna~ure ~ ~`~e`~h°~C. Callaghan• ~
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- Dan 1 C. Callaghan
. - ~s~.,
E i z t . a aq an
srw oF IEXaQ7pGOtXX FLORIDA ~ ~
courrrx oF SARASOTA ~ -
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~ I HER.EBY CER?LF'Y. 17?at on th~a ~ day ot ` 19~, before me.
the undersigned authoritq~ personal]y :ppe~a Elizabeth C. Callagh
ltp3( - ~Xltr~xto me known to be t6e persons described, ifi'ilsd• !~p
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executed the foregoing instrumen~ and severally and dalp acknowledged the execntion thereof to
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and deed for the usps and purposes therein mentioned. - . - .
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1~ITNESS my han@ and otficial seal the date aforesaid. :
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Notary Public for ' ' _
~ . Mtr coM~tissro~ ~ac~tREs
~ty commission expires _
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STATE OF FLORIDA
CQUMTY OF MANATEE
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I HEREBY CERTIFY, That on thj~ day of ~978 be `
the undersi ne~ authorit ' ~ ~ ~
9 y, personally appeared Daniel C. Ca la 1 an, to me kt~o+~+m ~;l~.;t~
person descr~bed in and wfio executed the forego~ng nstrument, an3 severally ahd~~..~1y
acknowledged the execution thereof to be his free act and deed for the uses a(t[~`~~pps~s
therein mentioned: ~ - ,
MITNESS . ,
n~y hand and officiai seal the date aforesaid.
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~ My Comnission Expires: MY ~OMMiS510t~'fXPtRES
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This Instr~nent Prepared By: -
Alene C. Hu1en - ,
Eilis First Mational Bank of Bradenton
P. 0. Box lt?61, 8radenton, Fla. 33506 .
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