HomeMy WebLinkAbout1972 6. That (a) in the event of any breach of this mortgage or default on the part 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, are not duly, promptly and fully performed,
discharged, executed, ef[ected, 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, a: full and completely u if all of the said
wms 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
law or in equity, theretofore, or thereafter begun, may be prosecuted as it all moneys secured 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 Mortgagee shall 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 and
singular, including all and singular 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 effective functions and powers in anywise
entrusted by a court to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter of
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, iswes and
revenues shall be applied by such Receiver according to the lien and/or equity of said Mortgagee and the practice of such
court. ****See Attached Amendment.
8. It ~ tood and agreed that this mortgage is given to secure, in addition to the note or obligation above de d
any additional loans lure advances made within ten years from date hereof b on or any
successor in title of said mo of the property hereb co tat the total unpaid balance of the indebted-
ness secured hereby at any one time t e maximum principal amount ot......---..~Q~~:X-~.'~~~r.~i.......
THOUSAND
..............y........................................... Dollars ,pus interest thereon and an
Y
ments made b the more ee for the payment of taxes, levies or insurance on the roperty encumbered hereby with
interest on such disbursements. ~tiis is a balloon mortgage and the finag payment or the balloon
due upon maturity is $31,820.00 together With accrued interest, if any, and all ad-
vancementa made by the mortgagee under the terms of this mortgage.
IN WITNESS WHEREOF, the said lllortgagor has executed this mortgage under scat on the day and year herein fiat above
written.
Signe sled and d i er d in the presence of:
~ (SEAL)
Warren Yuen
.
(SEAL)
orothy e = el
FLORIDA
STATE OF
I~ COUNTY OF MARTIN ss.
Before me personallyappcared.......WARREN YUENGE~ and DOROTHY YUENGEL, his wife,
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 ...he... executed the same for~~the purposes therein expressed.
~ ~ ~W3;~'1~ESS my hand and official seal this .........S~C..yl day of May......... 19. 7 9
j ~ _ Nolary Public in . d for
;`Y the County and State Aforesaid.
i r~ - Afy com~~c~i~~tE ~ iLORID~ AT I.~RGE
. „
$T'ATE •O~ j,::;:,_ ~ MY CpMMISSION p~ItfS 1lJNE.10 19g1
TItU GEl~RAt 1 tdS . ura'JER ~r R 1 ~ ERS
COUNTY OF• ss.
Before me personally apprared
's and to me well known and
{ known to me to be the 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
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 scat 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
This Instrument Prepared By: the County and State Aforesaid.
My commission expires:
First National Bank and Trust Company of Stuart ~ R ,Q n
P. O. Drawer 2316 gQ~~ tJIJV ~A~F~t7~
Stuart, Fla. 33494 V
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