HomeMy WebLinkAbout1400 6. That (a) in the event of any breach of this mortgage or default on the part of the Mortgagor. or (b) in the event any
of :aid wms of money herein referred to be not promptly and Cully paid within ten days Wert after the ume severally be-
come due and payable. without demand or notice. or (c) in the event each and every the stipulations, agreements. conditions
and covenanu of said promissory note and this mortgage. any or either. are not duly. promptly and fully performed. dis-
charged. executed, etfeaed. completed. complied with and abided by. then, in either ar any such event, the said aggregate
stun mentioned in said promissory note then remaining unpaid. with interest accrued, and all moneys secured hereby. shalt
become due and payable forthwith. or thereafter, at the option o[ said 1lfortgagee. as Cup and completely as it all of the
aid Cotta: of money were originally stipulated to be paid on wch day. anything in said promissory note. a>,dJor in this mort-
gage to the contrary notwithsunding: and thereupon or thereafter at the option of said Mortgagee, without notice or de-
mand, wit at law or in equity. theretofore, or thercatter begun. rimy be prosecuted as it all moneys soured hereby hsd
matured prior to its institution. -
7. That in the event that at the beginning of or at any time pendittG any wit upon this mortgage, or to foreclose it. or
tD reform it. and/or to enforce payment of any Claims beretutder, said 1lfortgagee shall apply to the court having juri.diction
thereof [or the appointment of a Receiver, such court shall forthwith appoint a Receiver of cai<1 mortgaged pmpeny all and
singular, including all and singular the rents. income. pro[its, icsuea and revenues from whate~~er source derived. each and
every o[ which, it being expressly understood, is hereby mortgaged as it specifically set forth and described in the granting
and habendum clauses hereof. and such Receiver shall have all the broad and effective [unction, and powers in anywise
entrusted by a court to a Receiver. and wth appoinunent shall be made by such coup as xn admitted equity and a matter of
absolute right to said Mortgagee. and without reference to the adequacy or inadequacy of the value of the property mon-
gaged or to the solvency or insolvency o[ said 11lortgagor andJor of the defendants, and that wch rent-, profits, inc~~me, i~
we: and revenues shall be applied by wch Receiver according to the lien andJor equity of said I?fortgagee and the practice
of wch court.
R. It is understood and agreed that this mortgage is given to secure, in addition tti the note or obligation above de-
scribed any additional loans or [uture advances made within twenty years from date hereof by the mortgagee to said mortga-
gors or any successor in title of said tnortgagon of the property hereby conveyed: provided that the total unpaid balance o[
the indebtedness secured hereby at any one time shall not exceed the maximum principal amount o[
- - _ . Dollars (s-____ ;plus interest thereon and any
disbursements made by the mortgagee (or the payment o[ taxes, levies or inwnnce on the property encumbered hereby.
with interat on wch disbursements.
IN N'1TNESS WHEREOF, the said Mortgagor has executed .this mortgage under seal on the day and year herein tint
above written.
,sealed and del' Bred in th ~ ~ y + ;i ~ ~ ~ _
Sign ~ e presence of: . ' ; . f • ~ ~
- - ISLAND VILLAGE OF HINSOfii~~, -
+ ~ 4
ISLAND DEV ~ -
~j( ELOPM - O~tP,Ol~A • a
-
l
Anthon H tolongo q/ °
STATE OF y 8. ' • • .d1=
V ~ ~ Tony Sotolongo, Preside -
COUNTI OF Ir, • 'Y'1 III ~~~.~a:
..~1:!!31t1::>>>
Before me personally aPPe~ - - - -
i
to me well know and known to cot to be the individual- described in and who executed the foregoing instrument, and
acknowledged before me that _ . he_._- executed the same for the purposes therein expressd.
N?ITNESS my hand and of[icial seal this day of - - 19 _
t
~ Notary Public in and for
the County and State A[oresaid.
11fy commission expires:
STATE OF Florida _ _ _
couNTY of _-Martin---___^ ~ u-
Before cot personally appearedAnthony___H. SOtolongo a/kJa TonX_So~olQngo--- _--_,•-_____v__
- - . to me well known and
known to cot to be the ----------~-__.r President it4il~C - -
xK~oocotve>x of --!:load V111age_.oLH~icbinso~nlsiand_IIey_elnpmeni__C.nr~oi-atinn _ - ,the corporation
named in the foregoing instrument, and known to me to be the persons who as such officers of said corporation, executed -
the ume: and then and there the said _A[1.~19f1~/__ 1~. -S_otolongo a/k/a TonX-Sotolon-go_____-__ x~c~>~~
S
i
did acknowledge before me that said
instrument is the free act and decd o[ said corporation by ~ Lively executed as such officers for the purposes there-
' in expressed: that the seal thereunto attached is the oorporatt ~p~~~ in like gpacity affixed: all under authority in
them duly vested by the Board of Directors of uid oorpostsq ~ n, ~
~ E
~ WITNESS my hand and official seal this ~11~
- • ~ ~ ~-.y__.
. ~a.- .
~ ~ Qte Gooney and State Aforesaid.
i~mmiuion expircs•
60x1( ~ ~MIr~d1 t!~ K tIN!
~,,~Sp,~1~•,~9 i~lp ntNU ca~~t Its. uNOttitlrv~ll>~
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