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6. That (a) is rite event of any breach of this wortgage or default on the part of the 1?tortgagor, or (b) in the went any
of said stuns o[ money herein re[erred to be not pmtnptly and fully paid within ten day: next alter the ame tsweraily be-
come due and papbk. without demtind or notice, or (c) is the event each and every the stipulations, agrecatents. conditions
and eorenants of aid pranissory note and th4 tno~tgage, any or either. are not duty. proatptly and fully perfortrted. dis-
charged. executed. effected, campkted. complied with attd abided by. rhea, In either ar any atclt event. the said aggregate
sttm tneatiosted is aid n note then remaining unpaid. with interest accrued. and cell taoneys secured hereb . tJtaU
become due attd pa forthwith, or thertatter..at the option of aid 1lfortgagee. a: lull and oompktely as i< tJl
of the
aid farms at taortey ware aigiaally stipulated m be paid oa tstdt day. anything is aid ~nmissoey note, aid/a fa .this tttost.
gage to the eaterary ttotwitlutanding; and thereupon or tltereatter at the option of aid J?fottgagee. without notice or de•
taand, suit at law or in equiq. theretofore. or thereafter begun. may be prosecuted as if cell monep secured hereby had
trtatured prior to its iastitntioti.
y. That in the event that at the beginning of or at any time pending any suit upon this mortgage. or to foreclose it. or
0o reform it. aodJar to eafottae paytaeat of any claims hereunder. said I?tortgagee shall apply to the court having jurisdiction
thereof [or the appointment of a Receiver. such court :ball forthwith appoint a Rectiis~er of :air! a:urtgaged property all and
singular. including all:nd singubt~ the rent:. incoaae, pmfiq„ issues and revenues from whatever source derived, each and
every of which. it being exprsssly understood, is hereby atortgaged as if ~pccifially set :.,rth and described in the granting
and habendum clauses hereof. and such. Receiver shall have all the broad and e[feccive functions attd power in anywise
entrusted by a court to a Receiver. and such appointment shall be made by such crr.:n as an admitted equity and a matter of
. absolute right to said 1ltortgagee. and without rtference to the adeq»acy o.:,tadequacy of the value of the property wort-
gaged or to the solvency or insolvenc7r of said 1ltortgagor and/or o[ the defendants. and that such rena, profits. income. i.
sues and revenues shall be applied by such Receiver according to the lien and/or equity of said Aortgagee and the practice
of exit court.
tt. ~ It is underaood and agreed that this mortgage is given to secure. in addition to the note or obligation above des
saibed any additanal bans or future advances made within twenty years it+~m date hereof by the mortgagee to said mortga-
gors or any successor in title of said mortgagors of the pmprrty hereby conveyed; provided that the total unpaid balance of
the indebtedness secured hereby at any one time :ZtaU not exceed the maximum prindpal amount of
- Dollar (S.-'_-------- plus interest thereon and any
disbursements made by the mortgagee [or the payment of razes. levies or insurance on the property encumbered hereby.
with interat on such disbursetttents.
IN WITNESS WHEREOF. the said Mortgagor has executed this mortgage under seal on the day and year herein first
above written. -
Signed, sealed and delivered in the presence of: ~ THE PINES OF FORT PIERCE DEVELOPI~MT
- CORPORATION, a Florida corpor~ti~~;,~+tt~=,_;:f._
-
is
t/D6•dT _
STATE OF { r
. ) .
COUNTY OF } ss. - - .
~r`
Before me ptrsonally aPPe~ - - - - - _ - =
.
to me well know and kno+rn to me to be the individual, desaibed in and who executed the foregoing instrument, and
acknowledged before me that be__ executed ebe name for the purposes therein expressd.
WITNESS my hand and official seal this _ day of - 19 -
Notary Public in and for
tht County and State A[oresaid.
llfy commission expires:
. STATE OF .-F~ on des - - )
COUNTY OF ---~'!lal"~i11______--_- 3 ss.
Be[ore me personally appeared TONY SQTQ~O~.GQ_ _
ttt~ to me welt known and
known to me to be the President awl -
respectively of ~.~E_~~_ QF ~T_ PIERCE DEVELQQNIENT_~QRP~T~01~----------.._...
_ ,the corporation
named in the foregoing instrument, and known to me to be the persons who as such of[icers of said corporation, executed
the same; aced then and there the- mid __.__T~X- - -
_ awd•~i
did acknowledge beiiore tae that said
instrument is the free act and deed of said oorpontion by them respectively executed as such officers for the purposes there-
in 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 of Directors of said corporation. - , r;..,.~ ~ _=+..:p;, -
y Januar ~tlt;b` ~ gO
WITNESS m hand and official seal this __a day of 4~.,':_-- 19 . -
•.}t
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e nty-
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