HomeMy WebLinkAbout04455. To perm.it. commit or st~J)''er ~ro u~aste, em.pair~nP~:t or deterioruli~~~i ~~j suid
property or any part thereoj.
6. To perjorm. complJ with and abide by ea~h. c~»d eue~y the. stipulations.
a~ree~nents, conditions u~:d covenants in suid pro~raissori~ note un~l ~~a t/~is ~leed set
jorth
y. If any of said sum.s oj money h~rein rejerred tv be not promptlJ a».d jully
paid :uithin thirty days next ajter the aamt see~~rallr~ 6PCOme due a~td
pa~able, or if each and everJ the atipulati.ons. agreements. conditi~ns ~nd cni•enants
oj said promissory note and this deed or either, are not dulJ perj~~rnec~d. com.plied
with and abided by, the said ag~regatP sum mentioned in. sni~l pr~.-~riss~,~J note shall
be~ome due and payable jorthwith or thereajter at the oj.tio,a ~-j ~l,P Mort~a~ee.
as fully mnd co»tpletely as if the sacid a~~re~ate sum of Seven Thous and --------
-----------------------Dollara was originally stipiclu~ted to be paid on such dar~,
anythin~' in said prnmissory note or herein to the contrnry notu~ithstanding. ~
8. TIu .JKort~a~ee ~rtaty, at un~ time t~•hile a.suit is pendin~ to furPClo,se or to refor»t
thi.8 r~torl~age or to e~~force any cl.~i.ms arisin~ I~erercnder, applJ tu tl~~ coicrt haz~ii:~
jurisdietio-t thereof for the ap~uoin/ment of cr i•eceiver. an~l such eo~ert c%ctll forthreith
appoint a receiver of thP premises ancl a!t ot/iP~• ~~ro/~ertJ cuverPd here/u~, inclru~i~tg ull
and sing'ul~ctr the ineome, profits, rents, issrces uncl -•evP~tttr.s front te•hcctee~er sorcree de-
rived, and .such recpiver shall hai~e all the Grnat~ Rn~l Pffectiz-P j'~~nctions un~l powers in
cinywise entruated by a court tu a recoinerun~surh appniittn~enl shall hp nutde bJ stu;h
eourt cts an admitted eqtiity Rncl cc matter of absolt~te right t~. said .Al~rtgagee, ctn~
without reference to the adequacy or inadeqieac,y of the val~c~P of tlie property n~.or1-
gar¢ed or to the solLency or insol:~eney of said .Alor/ga¢'or or the ~lefe~:~lan/s, ctad stccli
inco»ie, profits, rents, issue~ and revenues s/~atl Le applie~/ by s~cch receiuer accordi~g
to tIu lien of this mort~age a~:d the p~ncti,ce o~'such co:~rt.
9. Mortgagees agreed to, upon fifteen days written notice made by
mortgagors or their successors and assigns, subordinate the lien of
this mortgage to the lien of any mortgage which may be conveyed to any
commercial or other lender in an amourit not to exceed the principal
amount of $17,600.00. Mortgagees further agree to, upon such demand,
execute all required and necessary documents to effectuate same.
TNIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPCN
MATURITY IS $ 4,445.95 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND A~_L
ADVANCEI~NTS MADE BY THE MORTGAGEE UNDER TNE TERMS OF THIS MORTGAGE.
.~It ~tftiP88 ~l~preof, The said .1~lortga~or herer~nto sets his hand and
-eal the day and ~~ear first above written.
Signed, d Delivered in P of:
~ - .
l ~~~ ` /kc~:1' ~~
~~~ct. ~~c ~~~ ~ ~ ~,
~
~3#ttxr rf ~iori~~
a'iuuntg of Martin
L BRENT WADDELL
/
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BRU~E A. B ~
~~QB~
19~0 OEC 17 P~i ~ 32
FILEC thC ~!'LQri12(p
ST.Lt1Cl . CGUMf'f.FLA. ~)
C ERK~RCUiT OURT ~
1, an o~cer authorized to take acknowledgmef+8~1~R?~ rt't~t~ed~ _accor~3ing to the
laws oj the State oj Florida, duly qualifEed and acting, HEREBY CERTIFY that
MARSNALL BRENT WADDELL and BRUCE A. KOEBE
` to me personally known, this day acknou~led ed before me that they~_;~
executed the joregoin~ mortgage, and 1 I~'U~THER CERTIFY that ~~~t
person s makin~ suid acknowledgment to be the individual S c~+au,~~
- who eYecuted the 8aid mort~a~e. .;'~: ':
~ ~a ~ftnea~ ~ I hereunto aet rriy hand and o ~`~~~
i~eerrof, afor
~saicl County und State, thi~ - . ~ •
. da~ oJ Decemb~jR .q. D. 19 80 . ~ ^~ ~ :a = '; ~.
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~ARY Ptl6LIC STATE OF FLORIDA AT LARIiE .1~ C 1-Z~I'I~iddiOn F.JC~li~Ed ~~ `.1~e'`~••.
MY COYMISSION EXPiRES NOV.16,196Q b
Rrtu!~n THRti ~i~lll INS. UNDEitWRITERS ~
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