HomeMy WebLinkAbout22125. To perrritt, commit or suffer no ua.ste, impairment or deterioration of saicl
prnpert~ or ctn~ part thereof. ~
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G. To perfnrm, comply with and ahide b~ eaclt « n~l everrJ tJ~e stipulations, a.~sree-
ments, conditions ~tnd covenants i~a sctid pruntissa•J ieute uncl in tlais dced set f'urtli.
7. If acny of said stcros of moneJ lrerei~ referr~~ to Le not ~~roni ptlJ and ficllJ >>a.id
witltin-'thirty ( 30) --~RJs ~aea-t after t/~e sante severullJ Lecunte dtce and paJuble,
or if en.~h and every the stiprclations, ctgreenteiats, conditions and covennnts of said
pro~rtissor,y note and tltis cleed or eitlrer, are ~:ot duli~ perforneetl. complied will~• and
abided by, the said ag3sregate srtr~t mentioned in .said promissu~•J ~totc tl~rit re»aai~ting
unpaid shall beconte dree and paJablc forthtvitlL or thercaftcr n,t thc uption o the
,iFl~ort,~'«gee acs fully a.nd completel,i/ as if the said a~s~re~snt~ .suni ot=-~ I''~~~. ~
NDRID R~i0i~1ND & NO/ 100 ($4,200,OD0.0 0)~ l l a r s r ~~ a s o r i~ i n a l l J s t i~~ t~. l a l c d t o L c p a i d o~ t
sicc la d uy, any t hing in sa i d prnmissory note or herein to the cont~ary notwithstandin~.
8. The .~lfortg'a~ee ma-y, at ctni/ time ic•hile ac suit is ~e~:din~to fi~rPClnse orto refornt
thi.c mort~'age or to eirfurce anJ cl~cims ~tri~in~ heretcnder, a>>~~1~ tu tl~c corcrt lrnvin.g
jrcrisdictiorc th.~reof for the appo::nfn:ent of a receiver, «n~l s~~,ch. co~crt ~hall fort/r.rv%t/c
appoint c~ receiver of the prentises an~ a!t uther ~~~~~~ertJ cur.~er~~~ Itereby, i~cl~c~iilg «Il
and sing't~lacr the income, profits, re~ats, issur-s und. rev~it~crs fro»i r~k~~tever sorcrce ~te-
~zved, and. sucli. recPiUer shall haae all t/ie Lr~a~l and effective fii~rcti~ins an~l poie~e~:s in
anywise entrusted by a cor~.rE tu a rec~ir~eru~~d.srcc%. aJ~poiirrinPnl shall 1-e nut~le L~~ s~cr,lr.
court as an admitfecl. equitJ and a matter uf aLsol~ctP ri.~ht tn saiaG ,,blort~agee, ac~arl
without referPnce tn tlre adeqr~acJ or inadeqrtaci~ of' the val~~~ of tl~e pi•o~~ertJ n~.orl-
~uged or to the solvencr~ or ansoli•encJ of said ~11ur/gusor or the defentlan./s, ~cia~l .1cic%
tncome, profits, re~ets, issues and revenrces s/rull Le upplie~/ by s~ccla receiv~r accordiicg
to the lien of this mort~'a~e a~ad t~ie prnctice uJ'suclc coicrt.
9. Failure l~y the .1Kortgagee to exercise any of the rig'hts or options herein
provided sha,ll not constitute ac waiaer of any righfs or optiorrs under scr,id note or
this mortgacge aecrued or therecafter a,ceruin~
10. PAR'i•IAI, ~,F,ASF~; partial releases frcm the. lien of this purchase
~'~3~ ~Y ~ P~ed at Mort~gac~+or's expense fran the Nbrt~gagee by malcing ~,
princigal payments t~o~ward said purchase prioe at the rate of $2,500.00 for each ~
foot released as measured along Highway A1A, which foot front shall extend from the
Atlantic Ocean t~o the Ir~clian River. All partial releases shall be oontiguous to
the 560 feet excluded fran this purchase maney m~rbcJage, more P,articularly described
abave. PaymE-nts made to the t4ort,qagee for the partial release or releases, as
herein provided, shall be credited and applied toward the reduction of the outstandin
~~ Pr~iP~ ~~-'e, and, o~nvpxsely, payments made in reduction of the
outstandinq principal balance shall entitle Abrt~gagor t~o partial releases of the
m~rtgage in c~orresponding dollar am~unts, (Continued on Page 4) ......................
.~It ~ttltP~i~ ~h~rrnf, The sai~~ .Atort~a~sor hereunto set lais hand and seat
t/ce alay and yectr jirst aboae written.
Sign Seal d nd eliv d in Presence of: ~~~~~1~i PARZ~IIP; ~~=~-;; j•~
a Florida Partnership = • ~. .~.~,.
By HOI.I.IIVGS'~~IN P~PERTIFS;; : _~' =': ~
l..a. ra i...~.
~#tttr rf ~lori~-tt
tLouatg of ~ a r~~ ~1
a Florl~
C~eral
; ~~-;'.~'" ,. .. . - ~ - t
.r •;'~-
._1/_~ : _ : ..~..
' ~E L. Hollingswq~h, P~",:dent . ~ ~
~ / ~J / 'I t~.- ~'~~
I, an oj~`lcer authorized to take acknowled~m.enta o1 deeds accordin~ to the
iaw8 oJ the State oJ Florida, duly quaii~ted and actind, HEREBY CERTIFY that
E. L. , President of HOLLIl~fn~R~I P~7PERT~S, INC. , a Florida aorpora-
tion, which corporation is the Alanaginq General Partner of ~ .
PARZI~i.SHIP, a Florida Partriership, = •
~ ..,,
r~ ~ ' ' . ...~, .
to me peraonolly known, this day peraorrally appeared and aeknozu~~ `~' r~;ejor~ me
that ~ executed the Jore~oing mort~a~e, and I FURTHE~:1~~[~~~~ ., t I
know the aaid peraon makin~ soid acknowled~rrient to be the ind~iut8~' ~bed
ed he aaid `' `'~~
in and wlu~ execut t »tor~~a~e. :'~' ~~ ; : `--~ .
~n ~ttnrea ~~trraf, I hereunto 8et nay hand and o~;3r~ . o~ .~ ;j`~~ '.
-4-,~.rl- , aaid County and State, thia ~ y?'~ ~ 7.
dab o em Q . D. 19 80., ~ s:. - , .~ , • - . - .
, ~: ~:' 'L~ ~ . .
IO~IIRY f{~iC STAIE ~ l1QRla11 Ai M~ r
.~fy Commiss ' ~~ ~ u ~ ~ Xota
-Page Th~ree-
~ p~~; - State.:o€ Florida (
(Affix Not-,~ry Seal).
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