HomeMy WebLinkAbout2424 6: That lal In the event of any breach of this mortgage or default on the part of the Alortgag ir, or tbi to
the event any of said sums of money herein referred to be not promptly and fully paid within 30 3: sa next
after the same severally become due and payable, without demand or notice. or icl m the event each and every
the stipulations, agreements, conditions and covenants of sad promissory note and tha mnr~,a.^. a• •.r either,
are not duly, promptly and [ally performed. discharged, executed, effected, completed, complied w ?th and abided ;
by, then. in either or any such event, the said aggregate sum mentioned ?n said promissory notr th~:n ~ca?a?n,ng
unpaid, with interest accrued, and ail moneys secured hinby, shall become due and payable rnrtlt~~•i::., or therc-
atter, at the option of said I+iortgagee, as fully and completely as if all o[ the Faid sums of money ~~ere origrnzlly
stipulated to be paid on such day, anything in sa?d promissory note, and or in this mortgage to the contra, y net-
withatanding; and thereupon or thereafter at the optii?n of sa?d Mortgagee. ~~•ittiout notice or demand. suit at
law or in equity, theretofore. or -thereaftee begun, may be prosecuted as if ali moneys secured hereby had matured
prior to its institution.
T. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to
foreclose it, or to reform it, and/or to enforce payment of any. claims hereunder, said Mortgagee shall apply
to the court having jurisdiction thereof for the appointment'of a Receiver, such court shall t:.zth~.ith :.point
a Receiver of said mortgaged property all and singular, including all and singri'.ar the rents, Income, profits,
issues and revenues from whatever source derived, each and every of ~~-hich, ii be,n~ expressly understood, u
hereby mortgaged as if specifically set -forth and described in the granting and habendum clauses hereof, and
such Receiver shall have all the broad and e[tective functions and ;cur:era ir? amtivise 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 1?tortgagor and 'or of the de[endants, and that such
r+enta, profits, income, issues and revenues shall be applied by such F.eceiver according to the lien and/or equity
of said Mortgagee and the practice of such court.
8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation
above described any additional loans or future advances made within twenty years from date hereof by the
mortgagee to said mortgagors or any successor in title of said mortgagors of the property hereby conveyed;
provided that the total unpaid balance of the indebtedness secured hereby at any one time ;hall not exceed
the maximum principal amount of SEVENTY ~-IOUSAIQp AMID N0~104-- Dollars
f= 70 000.00 l , plus interest the-eon and any disbursements made ay the mni tgagec for t!ie p;~y-
ment of taxes, levies or insurance on the property encumbered hereby. with interest on such disbursements.
* ,~e saTd igtor~ i r'AGE ~1DERrtATI'A~~.
gagor as execu t s mo gage r seal on the day and year
herein first above wrrittea
$i~a sealed and delivered in the presence of:
\ _
AA.
:G.. -
IA~r~II1CE G. LALLY
- V',
BETTY Y, his ~nrife .
sTwTE oF.._..__. FLORIDA
a~
ootrrrrlr oF.....5_~...._&~J.~~---•-----------
Before me personally appeared.__... LAWREidCE G. LALLY and BETTY P. T,T,Y, his wife
~ to me well known and known to me to he the indi~nduaTS.. descnbed in and who executed the foregoing instru-
E meet, and acknowledged before me that t.he,}t. executed the same for the purposes therein expressed.
1
WTCNESS my hand and official seal this............16._._____day of......._..... April - 80. -
J ~ -
/ •
9 NOTARY FUStiC, STt,TE OF FLORI7A AT LA^,GE ~
- - ~ ~
MY CO:ii.:i;;:ON EXPIRI,; SEF~. E. 7384 d fOT
EOYU<t7 iriiaU GEtAtRAt i.':a. UND:ti:VwiTaRS the 011r1ty god IO isfOiG.4aid. ~'ry
- My commission pins: - • ~ • =
STATE OF '
~ ss _
COUNTY OF.......-.-•---•----_._.__._
Before me personally appeared--•
aIId t0 me Weil ktlowa sad
f ._.._.Presldent and»....__...--•--.-.-•-• Secretary
'known to me to be the...........-•---..__.._._....-- .
respectively of the corporation
s named in the foregoing instrument, and known to me to Da the persona who as such officers of said corporatlon,
} executed the same: and then and there the said........--•--....---...-----••---._ ..................».--•--__......_......._.._......._....._.and tJ~e sold
....._.._.._.~_..-.•_.w_.._......~_._»..._»did acknowledge before- me flat sold
instrument !s the free act and deed of sold corporation by them respectively executed as such o[ilcers for the
purposes therein expressed; that the seal thereunto attached f, the corporate seal by them in like capacity af-
i fixed; ail under authority in them duly vested by the Board of Directors of said corporation.
I
~ WITNESS my hand sad of[Icial seal this.-.------.._.__._._..day of_._ 19 ;
9 i
d
d
Notary Public fn and for
the County and Stars Aforesaid.
• Aty oommissloa expires:
a~iix3~ PacE2~2