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HomeMy WebLinkAbout2746 T • , E ' 3 fi. That (a) In the event of any breach n< this rnortgagc or default on the tat the Att 30, r. er to the e~tint an of said wms of money herein referred to 11e not promptly and fully J1aid within ~p[/Ifrlays ncxt~ feet the same severally ba cotrle due and payable, without demand or notice, or (c) in the event each and every the stipttlatiolts, agreements. rnnditions and rnvenants o[ said promiswry note and this mortgage, any or tither. arN not duly, promptly atxl fully performed. dir charged. executed. effected. completed, complied with and abided hy, then, in either nr any such event. •the aid aggregate sum mentioned in said promissory. note then remaining unpaid, with interest arcrucd, and all moneys secured hereby, shall become due and payable forthwith. or thereafter, at the option of wicl I?IortgaRce, as (tell attcl completely as it all et the said sums of money Mere originally stipulated to be paid on such-day. anything in said promissory note. and/or in this trtort• gage to the rnntrary notwithstanding; attd thereupon or thereafter at the option of wid ~Inrtgagee. without ttoticc or de- mand, suit at law or in equity, thercto[orc, or therca[ter begun, may he prcFSCCUte<I as it all moneys secured hereby had matured prior to iu institution. T. That in the event that at the beginning of or at any time pending any wit ufxln this mortgage. or to fnreclMe it, or to retornt it. and/or to enforce paymrnt of any daitrts hereunder. said hlortRagcc shall apply to the rnurt having juriuliction thereof for the appr=itumcnt ~t a Rccciccr, such court shall forthwith appoint a Receiver of said ntortRagctl property all and singular. including all and singular the rents. income, profits, issues and revenues [mm wUateeer source derived, each and every of which, it being exprrsly wtderstood. is hereby mortgaged as i[ specifically set forth and descriled iu the granting and habendum clauses hereof, and wch Receiver shall have all the broad and effective functimis and powers in anywise entrusted by a court to a Receiver, and such appointment shall be made by wch mart as an admittnl equity and a matter of ahwlute right to said \lortgagce, and without reference to the adequacy or inadequacy of the vahle of the prollcrty mort• gaged or to the sohenc-y or insnh•cncy of wid Jortgagor and/or of the defendants.:oul that such rent-. profits. income, i•- sues and revenues shall be applied by such Receiver according to the lien and/or equity of wid mortgagee and the practice of such rnurt. _ a tdcrstood :utd agrecYl that this mortgage is given to secure, in addition to the note or.ohligatiot scribed any addition cure advances made within twenty years [rom date herrnt by th ttgt. to said mortga• gors or any successor in title o[ said rncl a roperty hereby conveyed; at the total unpaid balance of the indebtedness secured hereby at any one tirrie shall n m rincipal amount of - - - _ - - • - - Dollars (s - - rest thereon and any disbursements a mortgagee for the paymeat of taxes, levies or insurance on the property encum ceb,X; rat on such dutwrsements. IN WITNESS WHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein [first above written. THIS IS A BALLOON MORTGAGE AND.THE FINAL PAYNIEN=P OR THE BALANCE Signed, sealed and delivered in the p~dJ~tl?N MATURITY Iy~ $ 20,604,29 ,TOGETHER WITH ACCRUED _ INTEREST, IF ANY, AND-ALL ADVANCEMENTS MADE BY THE MORTGAGEE c --~,c~~-0 - -UNDER -THE TERMSS OF THIS MORTGAGE. Richard L. Lloyd . STATE OF ._.__FLORIDA ~ Carole R. Lloyd COUNTY OF _MARTIN. - j ~ Be[ore me personally appeared RICHARD -L. LLOYD and CAROLS R.- LLOYD, _-his wife, to me ,s~lLjinown to me to be the individual described in and who executed the foregoing instrument, and ack ~~ij ,~ltat he_ executed the same for the par s therein expresui. ~ ~ ~ p.~ ~ 'it~rid and official seal this q7 ~ day ot.-- _ - - - . 19aC1 • ' _ Y ~ O ~ . ~ ~ ~ ~ ; ~ 1980 SAY 27 1w 00 - -~~c~~- C:~~c - ~ i t~.~ i Alary ubhc to and [or ~%1~" ~ the Cowuy and State Aforesaid. ~ . A. ~i'~ '•'•r ~ ~ fllfD /?11C F~%4Alif0 - ~ ~f'`'~• ST. UCIE CG~NTY.fLA. aly commission expires: R R TRAS QGC PO ~ STATE ~ • ~ . ------------------frl.flNS~ C9.iRi Nottry Pu51it. Slate of Florida at luye COUNTY OF - ' , ss-- My Commission E~epires Nor. 2. 1482 kadW b As~riua Fn 8 Gs•ahy ~Y _ s_ 48'7635 13c[ore me personally ap ed - and - to e11 known and known to me to be the 'dent and . _ Secretary • respeciively of - - . .the corporation s named in she [oregoing instrument, and known to me to be the o as such of[icers of yid corporation, executed - the same; and then and there the said . . _ and the said i acknowledge be[orc me that said ' instrument is the free act and deed 1 corporation by them respectively executed as such o rs for the purpo+es there- in expressed: that the seal t nto attached is the corporate seal by them in like capacity affixes . under authority in them duly vested by t and of Directors of said corporation. ESS my fund and official seal this day of - . 3 Notary Public in and for the County and State Aforesaid. ;?fy commission expires: X331 P~2742