HomeMy WebLinkAbout2104 y. To l.:c~ep'the 6ttilditts itou~ or hereafer o?r srtid luttc! itrsurerl i?t a sttnr rrot
less t/tun. full insurable value
1)ollurs, in n cu~npuitrf cu c•o»e.panies to
be approved by said .Mortgagee, and the policy or policies held by and payable to said
.Mortgagee, and in the event arty stem of money becomes payable under such policy or
policies, the .Mortgagee shall have the optwn to receive and apply the same on account
of the indebtedness hereby secured or to permit the JKortgagor to receive and use it, or
any part thereof, for other purposes, without thereby. tuaiving or impairing any equity
lien or right under or by virtue of this mortgage, and »zay place and pay for- such
insurance or any part thereof, without .waiving or affecting the option to foreclose or
any right hereunder, and each and every stcch payment shall bear interest from date
at the rate of fifteen per cent. per annum. .
5. To perz»it, c•ontntit or su/)`er zro te~aste, inlpairme~tt r~r d~teriorution of said
property or a~ay part thereof.
6. To perform, co~n.ply with and abide by cu~h and every thc~ stipulations,
agreements, conditions «nd covenants in. said prontissnn/ notr~ and Jn this deed set
forth
7. If any of said stems of money herein referred to be not prom ptly and fully paid
within THIRTY (30) days zaext after the same severally become dtce and payable,
or if ena:h and every the stiprt>lations, agreements, conditions and covenants of said
promissory note and this deed or either, are not duly! perfor»ted, complied with and
abided by, the said aggregate sum mentioned in said promissory note then. remaining
unpaid shall become due and payable forthwith or thereafter at the option of the
,hortgagee= as fully and completely as if the said aggregate sum of ONE HUNDRED AND
SIXTY-EIGHT THOUSAND ($168,000.00) dollars was originally stiptt;lated to be paid on
such day, anything in said promissory note or herein to the contrary notwithstanding.
8. The .Mortgagee may, at uny time while a suit is pendingto foreclose or to refor»a
this mortgage or to enforce any claims arising /t.ererander, apply to the corcrt having
jurisdiction thereof for the appointment of a. receiver, and such. court shall forthwith
appoint a receiver of the premises and all other pro/rerty covered hereby/, inchctling all
and singular the income, profits, rents, isstces and reveitrees from tahcatever sotcrce de-
rived, and. such, receiver shall have all the br~acl and effective functions and powers in
anyurise entrusted by a court to a. recPi.veru.ndsccch. appoi~t.tment shall be made by sr~ch
court as an admitted equity and ct matter of absoht-te ri.3sht to .said .Aortgagee, aztd•
without reference to the adegtcacy ur inadequacy of the valrLC of th.e property nr.ort-
- gaged or to the solvency or Insolvency of said .tilortgasor or the defendants, and such
income, profits, rents, issues and revenues shall be upplier! by stcch receiver accordiieg -
to the lien of this mortgage and the practice of suelL court.
.Jlt ~t#Iif3~ ~I1PrPDf, The said rllortgagor hereunto sets his hand anc~ -
.veal, the da.y and dear first above written.
Signed, Sealed and Delivered in Presence of:
- ) _ ~ ED -KELLER, TRUSTEE -
_ 1980 NAR 18 pN ~ ~
fllEO ~HC FECWtI
i
q.ERK GRC~dT C A
~#tt#e of ~turidtt »E~~~ CEP=,~E~-•~.-~ -
4~9949
(~auntg of Palm Beach
I, aIr ofjic•er authorized to take uc•h:notcledgntents of deeds acc•onlin~ to the
laws o/'tltc ~Stule of F'loridu, dull gttalifted and actilrg, HEREBY CERTII~'Y that
FRED KELLER, as Trustee, , - ;
.d••; -
to »te personally known, this day aCklloil•led¢ged bejore.~ne-; .lit-'i.~:;~~
x execut cd the furc•soing nrort sage, alyd l FLT~tTHER C~it'~'~~ tllot, know the, said
person. ntukin6 said ueknou•ledgntent to be the itu~izital:'--~~'~ cribed in anct
oho executrd the sate! mortgage. _ .r ~;T'`` %~~a,-~
I hereon. set~rtt han~'d.~i~", ;
~In ~itnees ~herraf, - ~ deal at
Cit of Riviera Beach said County /nd S'~tB, ~ ti:', -
y 4. D. 19 .
day of March , • 80. ~ - _
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