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HomeMy WebLinkAbout1566 i s That (a) In the event of any baaN of this mortga;s or default on thr• part of the 1?fortgagor, or tbl t the event any of said soma of money herein retet•red to bs not promptly and fully pod wrthln ten days next , after the same severally become due and payable, without demand or notrre, or rcl rn the event each brid every the strpulauona, agreement, conditions and r.•ovenant of said promus•~ry n•rte and this iru+rigage, any or either, are not duly, promptly and lolly performed, discharged, executed, effected. completed, complied with and abided } by, then, in either or any such event. the suJ aggregate sum mrntroned rn sa:d promissory note then rematnittg unpaid, with rntere~t accrued, and all moneys secured hereby, shat! becomt• due and payable forthwith, or there- after, at the optron of said Mortgagee, as fully and completely as it all of the said soma of money wen originally stipulated to be paid on ouch day, anything in said promissory note, amt or in this nrortgage to the contruy not, withstanding; and thereupon or theaattee at the optron of said I?tort~agee• ~~•rthout notice or demand, suit at law or rn equity, theretofore, or thereafter begun. may be prosecute.i as r[ all moneys secured hereby had matured prior to its institution. Z, That [n N. event that at the bsgtnning of or at any ,time pending any suit upon this mortgage, or to foreclose it. or to reform ft, and/or to enlorq payment of any claims hereunder, said Mortgages ~hW apply ~ to the court having jurisdiction thereof for the appointment of a Rrcerver, such court shall forthwith appoint a Receiver of said mortgaged property all and singular, including ail and singular the rent, income, profits, Wuea and avenues from whatever source derived, ea.•h and ever-y of wh,ch, rt be•rng expressly understood, u hereby mortgaged as it specifically set forth and deacnl;ed in the Rrintrng and habendum clauses hereof, and such Receiver shall have all the broad and effective funetinns and i•~~~~: rs rn an>~wrse entrusted by a court to a Receiver, and such appointment shall be made Dy such court as sn admitted equity and a matter of ab- solute right to said lortgagee. and without afeance to the adequacy or inadequacy of the value of the prop- srty mortgaged or to the solvency or insolvency of said >v[ortgaRor and nor of the defendant, and that such ants, profits. income, issues :red rerenuea shall be applied by such Receiver according to the lien and/or egWty o! said 1ortgagee and the practice of such court. above dose ' Tonal loans or future advances made within twenty years from -date hereof by the mortgagee to said mortgago r in title of said mortgagors of the property hereby conveyed, j provided that the total unpaid balance o secured hereby at any one time shall not exceed the maximum principal amount of Dollars (t plus interest thereon and any disbursements made y or the lwy- ment of taxes, levies or insurance on the property encumbered hereby, with interest on such die u IIJ W1TPT>1r33 WHERlIOF, the said ittortgagor has executed tNs mortgage under seal on the day and year heain first above Mrrittsa. Signed, sealed and de~Uvered in the presence ot: 1 ~ =yam-~- -/`I/ - X _ G' (z) RO H. ?~1EBER - - x t~x~~ PENNE '_~1EBER ~ i ~k i sTwT>s oF...... ~'1Qrida.....w._..___. Martin COUNTY OF--•-----------------------............_.... Hetn rae psrsonally .ppea,red..._..-..._RONALD .-H . NEBER and. PENNE _l~j-~~~$,~is. wife ,~:•;e„ -~d-~ri~lt~~a;re,~il ~jp~~ known to m~ to he the individual S. described in and who executed the foregoing instty- i o~-=r i~~d~i~pledRed be[ore me that "~he~. a:ecuted the same tc+r the purposes thareui expressed. ~ y ~ t j j.~~ v S?~ t^ .(,~~38 ~i hand and of[Icial seal this......... _ - ~ti-~w ~ M - Notary Pottle In sad for the County and State wfoasat - a My commission expias: eC ~ ~ ! g3 CO Before me Wally appeared and..----._ to ms well kaonra sad known to ms to be tbe...............__....._. ...-•-----Ptsddeat aad....___.__._......_._...»._..___..._.__..»..--•---..._..--•---..---_-.. Becrstaty respectively of _......_._......___..r......_.._.._.__._.._.~...._..._.._.._.._.....___.., the oorpontioa named in Ws foregoing instrumsnt• and known tom bs the persons who ris such otDcsn of said corporatioa, executed the same: sad then and then the said..-..-.---_---..~.... ..............._....._...._._............_..._...aad tlM said did ackaowlsdg~ be~fon au that said tnstrument is the free act and deed of ssid corporation Dy them respsetlve seated as such oMars Toe the purposes thesis expressed; that the seal iheaunto affected L the corpont by tbsm to Wes capacity ss- tixed; Wunder wthority in thsm duly voted by the Board of Directors of said ce aa. <aVIZNS39 my hand sad o[liclal seal thU_-..-_----.._.____....day ol......_....__._._....__........._ lf.._.._ 483263 _ Notary Public in and for 's ~ r ~ g the County sad Slats Aforesaid. >AIy oom>rilsdoa s:pirw: f0.U dilit irE~t iA !l.ER1I !~T S~ } ~~~K 3~'9 ~~~E 1~5 -