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HomeMy WebLinkAbout2971 6. That (a) is the event of any breach of thu mortgage or default on the put o[ the Mortgagor, sir (b) in the event any of said setma of money herein referred to be not promptly and [ally paid within fifteen days next after the tune severally become due and payable. without demand or notke, or (c) in the event each :nd every the stipulations, agreements, condi- . tloaa sad eovettaats of aid promissory note and this mortgage, any oc either, sir nut duly, promptly and fully performed, discharged. executed, effected, completed. complied with and abided by, then, in either or any such event, the aid aggregate sum mentioned in said promissory note then remaining unpaid. with interest accrued. and all moneys secured hereby, shall become due and payable [orthwith, or thereafter. at the option of raid Afortgagce, a full and completely as if all o[ the said luau of money were originally stipulated to be paid on such day. anything in raid promitwry rate, and/or.in this mortgage to the contrary twtwithstanditig; and thereupon or thereafter at the option of aid Mortgagee, without notice or demand. suit at law or iA equity. theretofore. or thereafter begun, may be prosecuted u if all moneys ucuted 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 retorts it, and/or to enforce payment of any claims hereunder, said I?lortgagee shall apply to the court having jurisdiction thereof for the appointment o[ a Receiver. such court shall [onhwith appoint a Receiver o[ said mortgaged property all and singular, iacludirtg all acrd singulu the rents. income. proQts, iswes and revenues from whatever source derived, each and every of which. it being expressly understood. is hereby mortgaged as J apetyficaUy set forth grid described in the granting and babeadtua clauses hereof. sad such Receiver shall have all the board and effective [unctions and powers in anywise entrusted by a court to a Receiver. and such appointment shall be made by such court a an sdmitted equity and a matter of absolute right to said Mortgagee. and without reference to the sdegttacy or inadequuy of Use value of Uteproperty mortgaged or to the aohxncy or insolvency of said Mortgagor and/or of Use defendants, and that such cotta. protiu, income, issues and t+eveauea shall be applied by wch Receiver according to the lies and/or equity of said hortgagee and the practice of such court. . 8. It is understood and agreed thu thu mortgage is given to secure. in addition to the note or obligation shove described say additional loans or future advances made within ten yeah from dart hereof by the mortgagee to asid mortgagor or. any atucessor is title of said mortgagor of the property hereby conveyed: provided that the total stn balance of the ' tndc~o~, . ness secured hereby at any one time shall not exceed the maximum princQal amount of .~~~y ..................:'...q..;~,.i. ~ : - Thousand and 00/100 50 000.00 Dolius Plus interest thereot? sad: ~Y " ~ disbursements made by the mortgagee for the payment of taxes, levies or insurance on"the property encumbered herapj•, ~it~ interest on such disbursements. - • ~ ~ . _ - ~ r ~f: ~.ti ~ _ 3 IN WITNESS WHEREOF. the said Mortgagor has executed this mor[gagc under seal on the day and yea herein tint above ~ , r~''~ written. - r: - Signed. sealed and delive in the pees ncc uf: JOHN ON D JO NSON BUILDERS ~ INC . .............................................:......................448553 By Attest. STATE OF.......... ~.Q~~41f~ r'i t ~ 4K! h: tV~l~f 0 . gT L~..l= CCbYTY.FLA. COUNTY OF Ma In n:~~~!'OITRAS .....................~,....'CtC:~K C~3CL'IT CQL~. Before me personally appear ...........»:.:4Jl.ii...:.:~.t..~,, y. I. to me well known and known to me to the individual... described in and who executed the foregoing instrument. and uknowiedged before me that ...he... executed th a for the purposes therein expressed. i WITNESS my hand and official ual this day of ...............~l~Y....................................... [9....79 Notary Public•in and for Ceunty and State Aforesaid. 2 My c mission expires: ~ STATE OF FLORIDA ss. ~ courrrv oF ...MAk2T1~1 t Before me personally appeared LYNN K . JOHNSO ~ and WILLIAM W JOHNSON to mr well known and € known to me to be the President m .Secretary respectively of ............»......JOHNSON..AND._ JOHNSON. BUILDERSr. •.INC ~ . 2 the corporation ~ named in the foregoing instrument, and known to me to be the persons who u such officers of said corporation, executed the 1 LYNN K. JOHNSON the same: and then and there the said ......................................................................................................................and the said WILLIAM W. JOHNSON did acknowledge before me that said instrument is the free act and decd of said corporation by them respectively exri sited as such officer for the purposes therein expressed; that the se;l1 thereunto attached is the corporate seal by them in like cei?acity affixed; all under authority in them duly vested by tftc Board of Directors of said corporation. WITNESS my 6and,arid official seal this .....1St.......... day of .............MaX.......................... 197.9.. x (Notary Seal) ~ _ . ! _ notary Public is and for This Instrument Prepaed $yil the County sad State Aforesaid. My cotnmissioo expires: " - ~Deceftlber 27, 1981 First National Bank and Trust Company of Stuart P. O. Drawer 2316 0 Rr 310 PAGE 2969 +.?+l•r~~ ~ _ Stuart, Fla. 33494 g~d•"