HomeMy WebLinkAbout2672 6. That (a) in the event of any breach of this mortgage or default on the put of the Mortgagor, or (b) in the event any
of said sums of money herein referred to be not promptly and fully paid within fifteen days next after the same severally
become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, condi-
tions and covenants of said promissory note and this mortgage, any or either, arc not duly, promptly and fully performed,
discharged. executed, effected, completed. complied with and abided by. then, in either or any such event, the said aggregate
sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall
become due and payable forthwith, or thereafter, at the option of said Mortgagee, as full and completely as it all of the said
sums of money were originally stipulated to be paid on such day, anything in said promissory note, and/or in this mortgage to
the contrary notwithstanding; and thereupon or thereafter at the option of said Mortgagee, without notice or demand, suit at
!aw or in equity, theretofore, or thereafter begun, may be prosecuted as if all moneys ucured hereby had matured prior to its
institution.
7, That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to foreclose it, or to
reform it. and/or to enforce payment of any claims hereunder, said Aortgagee shall apply to the court having jurisdiction
thereof for the appointment of a Receiver, such court shall forthwith appoint a Receiver o[ said mortgaged properly all and
singular, including all and singulu the rents, income, profits. issues and revenues from whatever source derived, each and
every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting
and habendum clauses hereof, and such Receiver shall have all the board and affective functions and powers in anywiu
entrusted by a court to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter o[
absolute right to said Mortgagee. and without reference to the adequacy or inadequacy of the value of the property mortgaged
or to the solvency or insolvency of said Mortgagor and/or of the defendants. and that such rents, profits, income. issues and
revenues shall be applied by such Receiver according to the lien and/or equity of said Mortgagee and the practice of such
court.
S. Ii'. food and agreed that this mortgage is given to secure, in addition to the note or obligation
any addi!ional loans o vanccs made within ten years from date hereof by the mo ~ mortgagors or any
successor in title of said mortgagors o hereby conveyed; provi otal unpaid balance of the indebted-
ness secured hereby at any one time shall not excee nncipal amount of
Dollars lus interest thereon and any
disbursements ma ortgagee for the payment of taxes, levies or insurance on the proper red hereby, with
c disbursements.
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein first above
written.
Signed, sealed and deti~•ered in the presertct,yff:~ i.,;:~ n~CORDEG
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DOlOTHY E. S IFFRIIN
STATE OF....heir•3elfse~ "i~ - .
COUNTY oF..Essex ...............„.,,,.,Ct;E„Fi,K,CkRCf~~" LOURT
' Before me personally appcued
~ Milton J. Schiffrin and Dorothy E. Schiffrin, his t+?ife
to me well known and known to me to be the individual ~ described in and who executed the foregoing instrument, and
acknowledged before me that .thy. executed the same for tl~ purposes therein expressed.
F I'~~ March
~ WITNESS my hand and official seal this ~ day of l....... 19
- - Notary Public in and for uC
. the County and State Afo~sasRE~? N. BRUNN
- b1y commission expires: A ~ry Publieaf New Jersey
STATE Y Commission Expires Jan.1d,. lv,~~
,N:t.
COUNTY OF ss.
Before me personally appeared
and to me well known and
known to me to be the President and Secretary
respectively of the corporation 1
I
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 acknowledge before me that said
instrument is the free act and deed of said corporation by them respectively executed as such officers for the purposes therein
expressed; that the seal thereunto attached is the corporate seal by them in like capacity affixed; all under authority in them
duly vested by the Board of Directors of said corporation.
WITNESS my hand and official seal this day of 19......
Notary Public in and for '
_ Thu Instrument Prepared By: the County and State Aforesaid.
My commission expires-.
First National Bank and Trust Company of Stuart ~„A` ,~`.f
N. O. llrawcr 2316
Stuart, Fla. 33494