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6. That (a) in the event of sny breach of this mortgage or default an the part of the Mortgagor. or (b) in the event any
o[ said sums o[ 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. agreement:. condi- t~
lions and covenants o[ said promissory note and this mortgage, any or either, arc not duly, promptly and sully performed.
discharged. executed. effected. completed, complied with and abided by. then. in either or any such event. the said agat ate
sum mentioned in said promissory note then remaining unpaid. with interest accrued. and all moneys secured hereby; all ~
become due and payable forthwith. or thereafter, at the option of said Mortgagee. as full snd completely as if all of the id
sums of money were originally stipulated to be paid on such day, anything in said promissory note. and/or in this mortg to
the contrary notwithstanding; and thereupon or thereafter at the option of said Mortgagee, without notice or demand. su'~ at
law or in equity. theretofore. ar lhcreafter begun. may be prosecuted as if all moneys secured hereby had matured prior to its
institution.
7. That in the event that at the beginning o[ 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 l\lortgagee shall apply to the court having jurisdiction
thereof [or the appointment of a Receiver. such court shall forthwith appoint a Receiver of said mortgaged property all and
singular. including all and singular the rents. income. profits, issues and revenues from whatever so~ttce derived. each and
every of which. it being expressly understood. is hereby mortgaged as if specifically set forth, and ¢eseribed in the granting
and habendum clauses hereof. and such Receiver sltatl have all the board and effectivi: funct~ors and powers in anywise
entrusted by a court to a Receiver. and such appointment shall be made by'such court ar an ad~iitted equity and a matter of
absolute right to said I?lortgagee. and without reference to the adequacy or inadequacy of the value of the properly 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
coon.
tr.-in-addition-to thc~ote-orobiigatierrabovrdescribrd-
any addition o dvanccs made svithiri ten years from date hereof by the mortgagee to said mortgagor or any
successor in title of said mortgagors o eb conveyed; provided that the total unpaid balance of the indebted-
ness secured hereby at any one time shall not exceed the ma.+c al amount of
Dollars P u on and any
. ~ ty.sncuaabtse tk
interest on such disbursements. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALLOON
DUE UPON MATURITY IS 643,800.00 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCE- ,
MENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under seal on the day and year here' first above
written.
Signed. sealed and delivered in the presence of:
Jo A. Gear
.~lC GUC/
Penelope Gear
STATE OF
COUNTY OF Il../...X~%:4r~:~ ss.
Before me personally appeared ~:...~4~~.
~:i
f ~`~39•ipt•v`~i~to~vn. and known to me to be the individuals described in and who executed the foregoing instrument, and
T aRlcnot~~ed'[iefor~ m athaafttel( executed the same fss~~o//r the purposes therein expressed. Q
-:';t ~•V[ITli1~SS~ lion an offs/cial seal this ...........Q..S.~7 day of 19,7
~'C-• •w~•~
^h - ~U?;-v :1_a. Notary Public in d for
t
':f,••• -ti ~ . ~ - I ~ the County and State Aforesaid.
afy commission expires: 6 -/U -d /
S'L'ATE OF .................:........t~...p~..7f. .y~ . .
COUNTY OF . ss.
Before me personally appeared
and .i.. ~ . ~ T-...:........................................................................................, to me well known and
t
known to me to be ttie President and Secretary
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
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the same; and then and there the said ..........and the said
.r
did acknowledge before me that said i
•
instrument is the free act and deed of said corporation by them respectively executed as such officers for the purposes therein
'r 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.
19......
WITNESS my hand and official seal this day of
Notary Public in and for
This Instrument Prepared By: the County and State Aforesaid.
11fy commission expires:
t
First National Rank and Trust Company of Stuart
P. O. Drawer 2316
•~N~?e. e~.. 4Mr~ ~~QK Z ~~E~S~
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