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HomeMy WebLinkAbout0159 6. That (a) in the event of any breach of this mortgage or default on the part of the Alortgagor. or (b) in the evcnt any uf said sums of money hcrein referred to be oot promptly and fully paid within fi[teen days next afte~ the same severally become due and payable, without demand or notice, or (c) in the event each and every the stipulations. a~greements. condi- tioos and covena~ts of said promissory note and this mortgage, any oe either, are not duly. promptly and fully performed. d'ucharged. executed, effected. completed~ complied with and abided by. then. in either or a~y auch event, the said aggregate sum me~tioned in said promiuory note then remaining unpaid. with intereat accrued, and all moneys secured he~eby, shall becomc due and payable lorthwith. or thercafte~. at the option of said Mortgagee, as full and completely as if all of the said sums of mooey were originally atipulated to bc paid on such day. anything i~ said promiuory ~ote. and/or in this mortgage to the contrary ~otwithstandi~g: and thereupon or thereafter at the option of said Mongagee. without notice or der~eand. suit at law or in equity. theretofore. or thereaiter begun. may be prosecuted as if all moneys secured henby had matured prior to its institution. 7. That in the event that at the bcginning of o~ at any time pending any suit upon this mortgage. or to forcclose it. or to re[urm it. and/o~ to enforce payment of any claims hereunder. said Illorigagec shall appiy to the court having jurisdirtion thereu[ for the appointment of a Recciver. such court shall forthwith appoint a Receiver of said mortgaged property all and singular. including all and singular the rents. income, proCts. issues and revenues from whatever source derived. each and every o( which. it being expressly understood. is hercby mongaged as i[ speciCcally set iorth and described in the granting u~d habendum clauses hereof. and such Receiver shall have all the board and effective functions and powcrs in anywise entrusted by a court to a Receiver. and such appointment shall be made by such coun as an admitted equity and a matter of absolute right to said N~ortgagee, and without rete~ence to the adequacy or inadequacy of the value of the property mortgagcd or to the solvency or insolventy of said Mortgagor and/or of the defendants. and that such rents. proCts. income. issues and rrvenues shall be applicd by such Receiver according to the lien and/or equity of said Mortgagee and tht practice of such court. d any ad it~o future advances made within tcn yrars from date hereof by the mort e gagors or any successor in titl~ oC said mor ropcrty hereby conveyed: provide unpaid balance of the indebted- ness secured hercby at any onc time shall not ex ' nncipal amount oi ...................-..~::'Dollars (i........L.......'................. lus interest thereon and any disbu e y the mortgagee for ihe payment of taxes. levies or insurance on the prope d hereby. with IN ~VITIIIESS WHEREOF, the said Hlortgagor has executed this mortgage under seal on thc day and year herein ~rat above ~.•ritten. S n~ , sealcd elivered in the resencc of: ~ ~ Q~ . J~~~~~~`•~'6• Fxan A. Smal . . .....%.l/.•.. " ~ ~r~.(, v hristine H~ Small RIDA . ~ ~~~yD~~~' , Lu.rrIE s'' : ~ • ~ n hr stine H S 11 his wife ' ; Be~?ory ~t perianaQY aPPeared .....~~:1.. ~4..~,... $Fl~i~~..~~!4~.. ' ; C,~.. , ; r 2: - - ' " ;~.~...~.c....~...a:..... A.....~ i ;~~1, di"~ wdt'~nq~aod known to me to bc the individual... dcscribed in 3nd who executrd the furegoing instrument. and i • . , arc•~loyYled~~d~r~~mc that ...he... executed the same for the purposes thcrein expressed. ~ n s . ~ ~ r~TfI~~S•tny hand and official seal this ..............L7~.............. day of 19~.~ ! ' • ~ ~ ~ . ~~~~4~~J'::!~.1.. I : j C • . . . . . ~ u~,•~ y a J~ Notary Public in and for ~ ~91g the County and State Aforesaid. ~a~ FEGOF:O~U - . : i FjLEG ~h TY.fI~• ~1Y commission expi~c:.. - ' 3j ~ER pOtTRAST ,t1'( - ~s:~:~ _ ~~,w~~~tt 7,r,~~:.:. ~ STATE OF aE CIRG~11Z ~W . ~ COUNTV oF ...........R,r,~~_ • 44918 : ~~oRO~.. 4 ~ Before me personallY aPPearcd E and to me well known and 1 ~ known to mc to be the President and Secretary i ~ respectively of the corporation s ~ named in the forcgoing instrument, and known to me to be the persons who as such of~cers of said corporation, executed the ~ s € the same: and then and there the said and the said did acknowicdge before me that said instrument is the tree act and deed o[ said corporation by them respectively executed as such of6cers for the purposes therein expressed; that the seal thereunto attached is the corporate seal by them in like capacity affixed; a11 under authority in them duly ~ested by the Board of Directors of said curporation. ' W1Tl\ESS m hand and official seal this ti y day of 19...... ~ ~ s ~ Notary Public in and for ~ This Instrument Prepared By: the County and State Aforesaid. Afy commission expires: First National Bank and Trust Company of Stuart : P. O. Drawer 2316 ~ i)' ~ . ~ Stiiart, Fla. 33494 dflflr ~Ut~ PA f ~ ~ ~ . _ _ _ ~ ~ > ~~;a~~w~-~...~~~ - ~ ~ ~ ~ ~ r~' s ~ , _