HomeMy WebLinkAbout1600 6. Thu (a) in the ercnt of any breach of fhb mortgage or default on the part of the Mortgagor, or (b) in the event say
of said sums of money herein referred to be not promptly sad fully paid within fifteen days next after the same sevenUy
become due and payabk. without demand or notice. or (c) in the event each and every the stipulataas, sgreements. candi•
bons and covenants o[ :aid promiswry note and this mortgage. say or either, are not duly. Promptly snd fully performed,
discharged, executed, effected, completed, complied with and abided by, rhea. is either or any sudt event, the said sggregate
wm mentioned in said promissory note then remaining unpaid. with interest accreted, and all moneys secured hereby, shall
become due and payable forthwith. or thereafter, at the option of said Mortgagee, sw full and completely as u all of the saki
- sums of money were originslly atipulued to be paid oa such dsY. saY~~ in said promissory cote, and/or in this mortgage to
_the contrary notwith:tandirtg; and thereupon or thcrcafter at the option of said Mortgagee, without notice or demand, suit at
law or in equity. theretofore, or thereafter begun, may be prosecuted as it all moarys secured hereby had matured prior to its
institution.
That in the event that at the beginning of or at any time peadeng say suit upon this mortgage, or to [oreclose it, or to
reform it, and/or to enforce payment of any claims hereunder, said Mortgagee shag apply to the court having jurisdiction
thereof for the appointment of a Receiver, such court shall forthwith appoint a Receiver of said mortgaged property all sad
singular, including aA and singular the rent:. income, profits. issues and revenues from whatever wurce derived, each sad .
every of which, it being expressly understood, is hereby mortgaged ss if spe~cally set forth and described in the granting
and habendum dauses hereof, sad such Receiver shall hsve all the board sad effective functions and power is anywise
entrusted by a court to a Receiver. and such appointment shall be made by such court a: sa admitted equity and a matter of
absolute right to ssid Mortgagee, and witbiout reference to the adequacy or inadequacy of the value of the property mortgaged
or to the solvency or insolvency of said Mortgagor sad/or of the defendants, and that such rents, profiu, income, issues sad
revenues shall be appleed by such Receiver according to the lien and/or equity of said Mortgagee and the practice of such
urt. - -
8. It is sraFo~od and agreed that this mortgage is givca to secure, in addition to the note or obligation above 'bed-+
any additional Joans or
[4tn*~-~Y
n~ces made within ten years from date hereof by the mortgagee to sa' agors or any
wccessor in title of said mortgagor off rt hereby rnnveyed: provided that-t of the indebted-
ness secured hereby at o exec amount of
Dollars`(=..................... plus interest thereon and -any
disbunxmrnts made by the mortgagee for the payment of taxes,.levies or insurance roperty encumbered hereby, with
interest on such dtsburscments. -
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under on the day and year herein first above
written.
Sign .sealed and deliv in the presence of: -
_ Dan tone
cit. -
ce ton
STATE OF......FLORIDA
oovN'rv of »MARTIN u-
Bcfore me personally appeared .............~~n.. StQ~e„and. Al i ce Stone.....:............................:...............................,
i
to me wep known and known f4 lne Ito be the individual... described in and who executed the foregoing instrument, and
adutowledgcd before me that ...he... executed the same for the purposes therciu expressed.
16th February 1979
~ WI~VESS my hand and official seal this day of
~ . , ..•..•.`.',1:F?~~-,- 'l_ED AND RECUROEO G~.4./E
- : - ~cU.r:~~r. FLr..
~ ~ _ r _ ~ • ~ i ;1 N tary Public ' and for
y - r. 1 ~
w ~ _ A ~ ~ the County and State Aforesaid.
~ = `tti`~`3 My commission expires: 6 -/O
- ~srn~E oF•~:~'.::: ..........................'.~9...F~~....19 AM ~ d8 -
- :t~ ~
Before me personally appeared .
and to me well known and
known to me to be the President and Secretary
e respectively of the corporation
named in the foregoing instrument, and known to me to be the persons who as such officers of said corporation, executed the
the same: and then and there the said ......................................:...............................................................................and the said
did acki?owledge before me that said
instrument is the free act and deed of said corporation by them respectively executed a: such of[icers for.the purposes therein
s
expressed; that the seal thereunto attached is the corporate seal by them in like capacity affixed: all under authority is them
duly vested by the Bond of Dirceton of said corporation.
WITNESS my hand and official seal this day of -19......
Notary Public in and for
This instrument Prepared By: the County and State Aforesaid.
My commiuion expires:
First National Bank and Trust Company of Stuart ~ R
P. O. Drawer 2316 BOOK ~ ~~E~~
Stuart. Fla. 33494
_
r. -
_ 3