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HomeMy WebLinkAbout0624 6. That (a) in the evcnt of any breach of this mortgage or default on the put of the Mortgagor. o~ (b) in the event any of said sums of money h~rei~ referred to bc not promptly and fully paid within [iRteo day~ next atter the same :everally become due and payable, without demand or aotice. or (c) in thc event euh and cvery the stipulations, agreements, condi- tiona and covenants of said promissory nute ~nd this mortgage. any or either. ue not duly, promptly and fully performed, discharged, executed. effected, completed, complied with and abided by. then. in either or any such cvent. the uid aggregate sum mentioned in said p~omissory nbte then remaining unpaid, with intercst accru~d. and atl mortrys secured hereby~ shall become due and payabte forthwith, o~ thercafter. at the option oi said Mortgagee. as full and completely ~ if all of the uid sums of money werc originally stipulated to be paid on such day. anything in said promissory note. and/or in this mortgage to the cantrary notwithstandi~g; and thereupon o~ thercafter at the optio~ oi said Iliorigagce. without notice or demand. suit at law or in equity. theretofore, or thercafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in thc evcnt that at the bcginning of or a: any iimc ~rndi~ any suit upan this mortga~e, or to foredose it~ ar to rcform it. and/or to ;n[orce payment of any claims hereunder. said hlortgagee shall apply to the court having jurisdiction thereo[ (or the appointment of a Receiver~ such cou~t shall forthwith appoint a Receiver of said mortgaged property ail and singular~ including all and singulu the rents. income~ profits, usues and rcvenues from whatever source derived, each and every of which, it heing expressly understood, is herEby mongaged as ii specifically set forth and described in the granting and habendum clauses henof. and such Receiver shall have all the board and effective funetions and powen in anywise entrusted by a court to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter ot absolute right to said Mortgageq and without referrnce to the adcquacy or inadcquacy of the value of the prope~ty mongaged or to the solvency or insolvency of said Mortgagor and/or of the de(endants. and that such rents, proCts. income, issues and - revenues shall be applied by such Receiver according to thc licn and/or tquity of said Mortgagee and the practice of such court. _ f. 8, it is understood and agrecd that this mortgage is givcn to secure~ in addition to the note or obligation above dcsc ' ~nv additional loasy~t or tuture advances made within ten years from datc hcrtuf by the mortgagee to said on or any , succeuor in titl~ ot s' ortgagon of the property hereby conveyed; provideci that tne wtai un i~ua~a~iie of the in3e ;ft~- - ness secured hercby at any time shall not exceed th~ maximum principal amo ~ .r............. Dollars Plus interest thereon and any disbursements made by the mortgagee he taxes. levies or insurance oe th~ property encumbtred hereby, with interest on such disburscments. • !N ~VITNESS WHEREOF~ the said blortgago~ has executed tAis mortgage under seal on the day and year hertin Cnt above N•rit ten. Signed, Icd and deli~•ered in the preunce of: ' . .A~r..~. (SEAL) . . ~ ' . ~ . FLORIDA : s•r,~-rE o~ COUNTY p} _~~IN ss. Bcfore me personally appeared ...........................WALTER B, .~i R$~..`.~'.. SZ1t1..B~/FIU.Y.W`.. IZ..~(i~R,S............_. to me well known and known to me to be the individual.s described in and who executed the foregoing inatrument, ar.d acknowledged befor~ me thatt.he~!_ executed the same for the purposes therein expressed. - ~ti 1VITNESS my hand and official seal this ..:~..Y d y 1~~... ' ' ;l~~ ~1~ G~~M~~~L`• Pubiic in and fo~..r.....-1!~fZktt~........ ilQ4ER POITItUS ' ~Y • r~t~~ fi;~~y1T COU 1 ~he County and State Aforesaid. _ _ _ . . + - ~F~cn ~ ~'Y ~ommission expires: f~I - STATE . ~ IZ 41 . CCQ[~NTY OF...,~.~ ~.r _ ............~t".. ~ ss. ~ . 4151~8 ~ ~ - Beforc me ptr.~oha~lty a carcd and , to mc wcll know d known to me to be the President and Secretary - respectively of the corporation named in the for~going instrument, and known t e to be the per o as such ofCcers of said corporation, executed the ~ the same: and then and thcre the said a..,.~ did acknowledgc beforc me that said instrument is the free act and deed o corporation by them re ectiveiy ex~cuted as such ofCcers tor the pu~poses therein expressed: that the seal ther o attach~d 'u the corporate xal by t in like capacity affixed; a0 under authority in them duly vestcd by the Bo of Directors of said corporation. W , my hand and ofCcia! seal this day of 19...... hotary Public d for This Instrumcnt Preparcd By: thr County and St e A(oresaid. ~ ' I ~ ~ / / ~ ~ My commission expires: ~v fint National Bank and Trust Company of Stuart 80~~~~ PACF S~ } P. O. Drawer 2316 ~ Stuart. Fla. 33494 - - _ _ _ - -~'.c ; ; _ y , ~a ~ : ~ ' - ~..-~~~~s~ u ~ri ~ ~ ~w ~ •w ~ as-y~ r~~~~.~`~~"-„~ ~ ~ ^`?~,s~> ~ - r ~~~~z~z~-~<~~'~'~ , ~~-r_„~°`.."_;.~` ~ . ~~..~r .