HomeMy WebLinkAbout1939 •
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That (a) 1n the event of any breach of this mortgage or default on the part of the Aortgagor, or Ib1 is
the event any of said sums of money heretn referred to be not promptly and tally paid within ten days next
attee the name severally become due and payable, wtthout demand or nat?ce, or ?ci ?n the event each and every
the at?pulat?ons, agrtementt, condtt?ons and covenanq of sa?d prom,ssnry n ire and th?s mortgage, any or either,
are not duly, promptly and fully performed. d?scharged, executed, et[ecte,l, completed, compl?ed with and abided
by. then. ?n either or any such event, the sa?d aggregate sum m,•nt,one4 ?n sa,d promissory note then remaining
unpa?d, with ?ntrre~t accrued, and ail moneys seci?r•ed h.•reby, shall becuni~ due and payable forthwith, or there-
a~ter, at the opt?on of sa?d Mortgagee. as [ally and completely as ,f all of the sa??1 siin,+ o[ money we» originally
stipulated to be pa?d on such day, anything in sa?d promissory note, and or in th?s mortgage to the contrary not•
w?thstanding; and thereupon or thereafter at the opt?,~n of said Atortgagce, ~.•?thout nonce or demand, suit at
taw or in equity, theretofore. or thereafter begun. may be prosecuted as ?f al! moneys secured hereby had matured
prior to its institution,
T, That In the event that at the beginning of or at say time pending any suit upon this mottgage~ or to
foeecloes it, or to »torm 1t, and/or to enforce payment of any clams hereunder, said Mortgagee ahaU apply
to the court having jurisdiction thereof for the appointment of a Rrce?ver, such court shall forthwith appoint
a Receiver of said mortgaged property all and singular, including all and angular the rents, Income, profits, '
Wuea and revenues from whatever source derived, ea~•h and curry at wh?ch, ?t br?nx expressly understood, L f
hereby mortgaged as it specifically set forth and deacrit;ed in the gr:?nting and habendum clauses hereof, and
such Receiver shall have all the broad and effective funct?~ns and 1~,~~•.. rs ?n anvw?se entrusted by a Court
to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter of ab-
solute right to said Mortgagee, and without reference to the adequacy or inadequacy of the value of the prop•
erty mortgaged or to the solvency or insolvency of said Mortgagor and ~nr of the defendants, and that such
»nts, profits. Income, issues and revenues shall be applied by such Receiver according to the iten and/or equity
of said Mortgagee and the practice of such court.
ribed any additions! loans or future advances made within .twenty years from date he*eof by the
mortgagee o . or any successor in title of said mortgagors of the property hereby conveyed;
provided that the total unpai ebtedness secured hereby at any one time shall not exceed
the maximum principal amount of Dollars
(i plus interest thereon and any disbursements ma a for the pay-
ment of taxes, levies or insurance on the property encumbered hereby, with interest on such is u
-•iit-- WHEREOF. the Bald ]ilortgagor hu executed thta mortgage under seal on the day and year
heretn ti»tg~`~wrlttm
!ll~?d delivered In the presence ot:
.
,
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r~. ~ ~ a< ~ - oO~oxA~ SFAT, 4665''10 -
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~ FI.cO A~;; F~Ci;he;t U
COiTNTY OF ST.LUCtF. CDU4IY.FL,•..
- ROGER POITRAS
Before me personally appea,red _........._._...............~~~fi~4_~11~1,'xi. ,,.,L~
v~f i ~
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to me well known and known to m~ to he the individual described in and who executed the foregoing tnsttu-
ment, and acknowledged before me that .---he.... executed the same tar the purposes therein expressed.
WTlT1ESS my hand and official seal this...............-.---•_-..-day of.._..._..._..r.........--..--._.._ lti._......
Notary Public in and for
the County and Stets Aforesaid
FLOr1.dS My commission expires:
STATE OF
CptJrTi.Y OF.. S t . Lucie
Before me personally appeared ARTHUR F . WOOD
and_LEONARD . I,,-COTTON:'... JR . M^•---w---•-^- r ~
. .y t0 the ~R~t`V_ ~a~ .
l
j J
known to me to be We ....----..President aAd._...__.____....-._.._. ~
respectively of WESTGLEN CORPORATIO*1 = 's , _
named In the foregoing instrument. and known to me to be the peons r?bo Y such officers of_se3d: z
executed the same; sad then and tha» the sa1d...~THUR F . WOOD_..•-•----...- ~
LEONARD I. COTTON, JR . 'G
..~.._._.._.....___,....._..dld aelnwwledge befori'tW! j ~t`'
instrument Is tAe tree act and deed of sold corporation Dy them rupectlvely executed as such oMoen ~~o~i~il~t`.
purposes therein expressed; that the seal thereunto attached V the corporate seal by them Ia like capacity ate
fated; all under wthoiity fn them duly vested by the Board of Directors of said eorporatlon.
/ j November ~~-ry io 79
wrrntES9 my hand sad aftlclal ssal tJ?is .................~_-----day of(.~._...... ,
~fotary PuDUc In and for
the Cotmty and State AtorwW.
1[y oommlaslon eatpira:
Notary Public, Florida, Sbte at large
My Commission Expires March lZ 1982
Banded thru Jedco Insurance Agency
G°, 1~ ~
~'R 320 p~~f 1936