HomeMy WebLinkAbout1129 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, effected, completed, complied with and abided by, then, in either or any such event, the said aggregate
sum mentioned in said promiuory 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 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 therca[ter 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 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, anal 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 inadcquary 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
avenues shall be applied by such Receiver according to the lien and/or equity of said Mortgagee and the practice of such
court.
It is understood and agreed that this mortgage is given to secure, in addition to then n above des '
any ad i or future advances made within to erco y t e mortgagee to said mortgagors or any
successor in title of sai ors of the ereby conveyed; provided that the total unpaid balance o[ the indebted-
ness secured hereby at any one exceed the maximum principal amount of
Dollars plus interest thereon and any
disburse ade by the mortgagee for the payment of taxes, levies or insurance tiered hereby, with
on such disbursements.
IN WITNESS WHEREOF, the said Ilfortgagor has executed this mortgage under seal on the day and year herein first above
written.
d scaled and delivered i he presence ot:
.ll.!1~ ,
. .
A IE L. RENICK -
ENICK
' STA'I
E OF......Florida
.
COUNTY OF Martin u'_
i Before me personally appeared .....Iat»k~.e..L....Bets.3.Ck..~Ad..M~3L-~...Alltl..$~tl~lc...(,his..wife.)
! _
to me. well known •and •known to me •to be the individual.S described in and who •executed the foregoing ins' .«..........aiid
~ acknowledged before me thatt..hcy.. executed the same for the purposes therein expressed. ,,r~;" ~1''-
WITNESS my hand and o[ficial seal this day of ~l~4i ~
! ~ .:rtt..
44'733'7 ~ . r. ~ ~ . _
'9.9 Jas ~ ~ ~ ~\t ~ : 2 ~j Notary Public in and for • ` ~ , fi
~
the County and State Aforesaid. ~ Q--,
F:iic thi c.;~:,rN.aU My comrr~c~R~c~f~'STATE Oi fWRIQdk 1 tA~kl
ST- L'J~l~ CU!tiT Y. Fl r1. W1Y CQMMISSIOfi ElvlfifS SiJi . 29 1987
STATE OF f2 k PutTRAS 116 IR~DfRWR~ ff1S
~L~RK~IRCUIT COU ~ n ftOrrOED TIRtI oo
COUNTY OF ,ql
Before me personally appeared
r and to me well known and
x
known to me to be the President and Secretary
Y •
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
s
.
did acknowledge before me that said
instrument is the free act and decd 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 tit Directors of said corporation.
4 WITNESS my hand and official seal this day of 19...... f
Notary Public in and for
g This Instrument Prepared By: the County and. State Aforesaid.
rty commission expires:
First National Bank and Trust G,mpany of Stuart G k
P. O. Drawer 2316 BUG! 310 ~a'.:1129
Stuart, Fla. 33494