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6. That (a) in the event of any breach of this mortgage or default on the part of the Aortgagor, or (b) in the event any
of said wms of money herein re[etred to be not promptly and fully paid within ten days next after the same severally be-
cotne due and payable. without detttand or notice. or (c) in the event each and every the stipulatioiss, agreements. conditions ;
and oovenanu of said pcrnouissory note and this mortgage. any or either, are not duly. promptly and tally perfortrsed. dis•
charged. executed. effected, completed, complied with and abided by. then, in either or any wch event. the said aggregate -
sum mentioned itt aid ppromissory note then remaining unpaid. with interest acsxued. and all moneys secured hereby. shall
betjome due and payabk forthwith. or thereafter. at the option o[ aid Mortgagee. as cull and completely as if aA of the •
aid ams of money wet~e originally stipulated to be paid oa ads day, anything in aid pt+omiaory torte, acd/or in thL ttaort-
gage to the contrary notwithstanding: and thereupon or thereafter at the option of aid Alortgagee. without notice or dr
mand. wit at law or in equity. theretofore. or thertafter begun. may be prosecuted as i[ 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 wit upon this tnortRage, of to foreclose it. or r
to reform it. and/or to entoroe paymeat of any claims hereunder. said Atoregagee shall apply to the court having juri,diction
thereof for the appointment of a Receiver, wch rnurt shall forthwith appoint a Receiver of said mortgaged property all and
singular, including all and singular the rents, income, profits, issuer and revenues from whatever source derived. each and
every of which, it being expressly undentaod. is hereby mortgaged as i[ specifically set forth and described in the granting
and habendttm clattses hereof. and wch Receiver shall hale all the broad and eflectise function. and power 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 o[
absolute right to aid Mortgagee, and without reference to the adequacy or inadequacy of the value of the property mort-
gaged or to the solvency or insolvency o[ said Mortgagor andJor of the defendants, and that wch rent. profits, income, i~
ores and revenues shall be applied by wch Receiver according to the lien and/or equity of -said Mortgagee and the pnctice
of wch court.
IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and yex}'~~°ns~'
above written. . -
A~ ~~~y CtJtt ~
S' ed. and deliv the resence of: - ~ " - O
OCEAN TOWERS DEVELOPMENT ~ I0~``~ v
.
. - c. . _ _ _
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gy - c'~ ~ q A
- - - An ony H. otolongo a n
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Tony Sot ongo, President'w~~.. - s ~4}'.
• •tul~~
STATE OF : -
COUNTY OF - - ~ E
Before me personally aPPeu~ - -
{ to me well know and known to me to be the individual__ described in and who txecuted the foregoing instrument, and
acknowledged before me that . he.._. executed the same for the purposes therein expressd.
~ WITNESS my hand and official seal this day of - _ 19.
Notary Public in and for
the County and State Aforesaid.
Aty commission expires:
STATE OF __FLQBIDA.
COUNTY OF _.._MARTIN_-_--__ u-
Before me personally appeared Anthony._-H._--Sotolongo_a~k/a--Tony__Sotolongo_--_--.-
iml . to me well known and
known to me to be the President ~i~
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of 9G~'..AN_-'~Q~~.~~~s.YF~OPMENT CQRPORATION_-------------- - .the corpontion
named in the foregoing instrument, and known to me to be the persory!'who as wch ottiar)(of said corpontion. executed
Anthony H. Sotolongo a/k/a Tony SotoLongo
the same: and then and there the said .
~ - did, acknowledge before me that aid
instrument is the free act and deed of said oorpontion by i>fslihlYE[ctittd a3 such officers for the purposes there- E
~ in txpressed: that the seal thereunto attached is the corporate seal by thew in lit capacier atlixed; all under authority in
them duly vested by the Board o[ Direcwn of said corpontio ~ - r . - ~
;
WITNESS my hand and official seal this day of ...._Au .d ~ . 19 79 t
.
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ntY,attd Ott 71[otYSaid.
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