HomeMy WebLinkAbout0012 6. To permit, commit or auJrer no waste, impoirment or deterioration of said
' - ~ property or any port thereoj. . ~ .
~aw~
6. To perform, comply with and abide by each and every the atipulationa,
adreementa, conditions arul covenants in said promiaaory note and in this deed set
forth.
y. IJ any of said :uma of money herein referred to be not promptly and jutly
paid within fifteen days next after the same severally become due and
payable, or ij each and every the atipulationa, ad?eementa, conditions and coven.anta
of said promiaaory note and thin deed or either, are not duly perjornied, complied
with and abided by, the said a~~re~ate sum mentioned in said promissory note shalt
betwme due and payable forthwith or thereafter at the optio?i of the .tfort~a~ee,
as fully and completely as if the said a~~re~ate sum of Twenty Eight Thousand
Eight Hundred ---------Dollars was originally atipulacted to be paid on such day,
anything in said promissory note or herein to the contrary notwithstanding
8. The JKort~a~ee may, at any time while a suit is pending to foreclose or to reform
thin mort~a~e or to enforce any claims arising hereunder, apply to tlee court luivin¢
- juriadietion tlureof for tht appointment of u. receiver, and such eot~rt x/gall forthwith
appoint a receiver of the pnemiaes and all other /urn/pert y covered here hy, tncludiie~ all
and ain~ular the incomt, pro its, rents, issues and revenues from u~hutever source de-
rived, and such receiver shahhave atl the broad and effective functions and powers in
anywise entrusted by a court tv a reepiverund stc~h ap~uointment shall be made by stcch
court as an admitted equity and cc matter of absolute right to said ..tilart~a~ee, and.
without reference to the adequacy or inadegtutcy of the va.ltce of the property n~ort-
,Qa~td or to the solvency or insolvency of said .hiort~a~or or the defendan/s. and suc/%
income, profits, reitiai, t$st~s and revenues shtili ~ uppliert by Stich. recettier u+~ru'iii~
to the lien of Chia mort~a~e and the practice of such court.
forfeiture affecting said premises or contest any tax or assessment.
All monies paid for any of the purposes herein authorized and all
expenses paid or incurred in connection therewith, including attorney '
fees, and any other money advanced by Third Mortgagee to protect the
mortgage premises and the lien .hereof, shall be so much additional
indebtedness secured hereby and shall become immediately due and
payable without notice and with interest thereon at the rate of 12
percent per annum. Any inaction of Third Mortgagee shall never be
considered as a waiver of any right accruing to them on account of an
default on the part of Mortgagor.
THIS IS A BALLOON MORTGAGE-AND THE FINAL PAYMENT OR THE BALANCE DUE UPON
MtiTURITY IS $28,000.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TEr.'KS OF THIS MORTGAGE.
f ~lt ~PZfYlPSB ~I~PrPDf, The said JKortgagor hereunto sets hia hand and
f neat the day and year first above written.
Signed, Sealed and Relive in Presence of:
1~t0 T MASELLI
MILD D ELLI
E
ate ~f ~Ilari~~t ~~~0 f E~3 - I PIS 3 18
g s~`E~~ f , . 4'79863
~uaa~ of Martin iktba
at~ac
I, an o cer authorized to take acknowl 'E~FI~ --deeds ~~rdin to the
~ saws of the State of Florida, duly qualified and
a~, HEREBY CERTIFY ~t
ROBERT MASELLI and MILDRED B. M~t$bi~I, his wife,
~a~~~u.~eiu?,,;. ; ;
to me personally known, this day acknowled qre ~ t they
executed the jore~oin~ mortgage, and I F'IT~~'~9~ ~~~~1~that I know the Said
person s making said acknowted~ment to lje f
~'~~i s~ described in and
who executed the said mortda~e. o r~ •
~a ~Hntr ~jp~at, I hereunto a~e.G`~yC~ll~~oo~' ofJLeial scot at
~ said C`ount~: &d ~3t:~~ 31st
day of January ? D. 19 80 . '~!p '
E MY COMMJS~~.~v E•lidiS (iCi 1~ 1983 , ~ e 6 f~i>iC