HomeMy WebLinkAbout0988 j. To ~ceep the bu~tldinj ROW O~ hETEQ~eI Oll~ ~Qtd ~a1t~i IA~1~IUi iA g srsna .F••~
leas tlwn full insurabl• valu~
Do~ta~s. ~n a cv?npuny compo~itea to
be approved b~ said J~fort~a~ee, and the polic~ or policiea held by and payabla to aaid
JKort,~a,~ee, a~nd in tlu even~ any aum of mo~wb becomea pa~able under 8uch policy or
poticies, the JKort~a ee sha.ll have tlu option to receive and ccppl~ the sam,e on account
of the. indebtedne8a ~reby aecured or Co permit the JKort~a~or tQ receave and use it, or
an~ part thereof, for other purpoaes, without thereby waivtn~ or impcurin~ an cqut~y
lien arr ri~ht under or b~/ ~nrtue of this mort~a~e, and m,ay plo,ce and pa ~or auch
inaurance or any part thereof, withowt waivin~ or affectin~ tlee option to ~recla8e or
a.ny ri~ht hsreunder, acnd each and every such pa~/~nent ahall beccr ~ntereat }i?+orri date :
at the r+ute of per ~cer~t. per annum.
6. To perm.it. co~nm~L nr au~"er no waste. impai~~nent or deterioration oj aaid
property or an~ part thereol.
6. To perjorm, comply with and abide bb euch ancl euery the stipulationa,
a~reements; conditions and coaenants in said ptomisaor~ note a~iJ sn. cl~ia deed aet
jor~h
7: If any of Said surna of mone~ herein referred to be nof' prorriptl~ a.nd full~ paid
~e~ thirty (30) ~~la a~e~" the 8dme seaerally become dtce and pa a.ble,
or if e!~.h and every the stipulo,tions, a~reeinents. condition$ ccnd covenant8 o~aaid
prn~niasor~/ note and th.ia c~eed or either; are not dul~ performed. co~nplied with and
cr,bid,ed g~, the aaid c~~~e~ute 8u~n mentioned in 8aid prorriisaory note t~lre~a remainin~
unpacid shall become due and par~~able forthwith or thereufEer at the option of the
J4fort~a,~ea as fullJ and co~npletel~ as if the aaid dg~re~n,te aurrz of ~
~ilo, ooo. oo - dollara w~a~3 originally 8tipu,lated to be pmid on
auch do.~, anythin~ in said prnmr;s8ory note or herein to th,~ contrnry nu~wi~h.stccnding.
8. The JKort;~a~ee mac~/, act uny time while m suit is pendin~ ~o foreclose or to reform
thia ~nort~a~e or to enforce anb clairn8 a,risin~ hereunder, apply to t/1e court havin~ -
juriadiction. thereof for the appointn:ent of a receiver, and srcc/t ea~rt shall ~forthwith
appoint ac neceiver of the premi8es and a!t other prn/~erty cuvered here by, inclccding alt
artd ain~r~lar the i~tcome, prnfits, rent8, issues and revenues frn~rt whatever source tle-
rwed, and 8uch. recPiver shall hctve all the brnad and effective functions an~ power8 in
c~t~/taise e~ttrusted by a eourt to a receiverc~n~SUCh dppointrnent. 8hall be »uu~e by srcch ~
court as an admitted eqrcity and a matter of ab8olute right tu said .~Kortgagee, acn~
without reference to the adequacy or inadequdcy of the valrce of the prnperty n~.ort-
~a~ed or to the $olvency or ansolvency of scr,id .Mortgagor or lhe ~efenddnts. an.d suc%
inconte, prnfits, rtnts, iasue~ and revenues shall Le upplier/ by stcch receiver according
to the lien. of this mort~a~e and the practice of 8uch court.
~I .~Il ~ttrip~8 ~hPrP~f, The said .hfortgccgor hereunto sets hi,a hand ccnd
; ~eal tlee day and Jear first above written.
f
~ Signed, Sealed and Delivered in Preeence of:
~ .
~ ~
~ James ardiec , as Trust
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~ ~;^.•U'JiY. i'LA.~
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~ 4~544
~ ~#tt#r uf ~Inri~~ '78 oE~ 7 A~ 9: i y
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~ ~011ri1}~ Of PA71rI BEACH ' ' - ' ~ `
~~_~_~i{ . t•r.
~.~Jr .
a I, an of~Ecer authorized ta take acknowledgments of deeds acc.ording to the
~ laws oj the SLutB oj Florida, dulb qualiJted and acting, HEREBY CERTIFY that
,
. , , .
i ~ ~ _ ; ~ JAMES J. PARDIECK, Trustee
; _.~ti ~ ~ ~ ,
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_t`~~ti~e-``per8o~tall,~ kno~urt, t.his day acknowled ed before me that
~ :ezeeut.cd the;~'p~re~oin~s mortgage, and I FLJ~THER CERTIFY that I know the sa:d
~ =pe~On ii~;al~'i~~ Racd acknowled~ment to be the individual describe~l in and
fh Raid mortpa e
~ ~w~ ~ex~~1~ . ~ ~ • .
~ I hereun aet ~ mb and o ciai seol at
~ .~c;
~,b~ ~!}eertof. .
aaid ounty/and s e,
~ ~tiv~i~lr;~:. seacb, .q. D. 19 78 v
daj~ o~ _pecember , ,
~ .
K a LkK ~99 PACf 9p8 Xo ry Publ~a ~i? r~, sea ~~~.,aa ~
~ .JKy Corrim~asdo p~n.
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. ~Ofld~d by Ari»~,wn i~r• 6~a~w'ty i
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