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6. Thac (a) in the event o[ any breach ot this mortgage or detault on [he parc ot the Ator~gagor. or (b) in the evenc any
o[ said wtas o! mone~ herein reterred co be ~ot promptlr and tully paid wi[hin te~ days neut after the same severally be-
come due and payable. ~vithout demand or notia. ot (c) in the eve~t euh aod every the stipulationc, agreements, conditions
and covenanu of said pmmiswry note and thu uarcgage. any or eicher. are not dul?, prompdy and tully pertorn~ed, dis-
charged. executed. eEfected, completed. complied with and abided by. then. in either ot any such eveot. the said a~egate
sum mentaned in ~aid promissor7r note then iemainin~ unpaid, ~rith interest accrued, and aU mone~s sccurcd hereby. ahall
become due and payable forth~rith. or thereatter. at the option o[ said MortRaRee, u[ull and c~mpletely u it ali o~ the
aid wm~ cf moae~ ~retr ori~inall~ ttipulattd to be paid oa wch day. anrthina in uid pmmisary noce. and/~ in tlw a~ott-
qage to the mntnry twt~vithstanding; and thereupon ot theceafter at the option ot said \lortgagee, without notice or da
mand, suit at law or in equity, thereto(ore, or thereafter begun, may be prosecuted as i( all moneys secured hereby had
matured prior to ics institution.
7. That in the eve~t that at the beginni~g of or at anr timc pending any suit upon thic m~~rt~aqe. or to toreclosc it, or
to reEotm i~ and/ot to enioroe parnent oE anp claimt hereunder, said AtortRaRee shall apply to the court ha~•inq juri,dittion
thereoE Eor the appointment o[ a Receiver, such court shall forthwith appoint a Recei~~er of aid mortgaRed property all and
singular, i~cluding all and sinqula~ the rents, income, proEits, icwes and revenues trom whatcver source derived, each and
every o[ wrhith. it bting expressly undentood, is hereby mortgaged as i[ speci(ically set forth and describecl in the Rranting
and habendum clauses hereoE. and such Reteiver shall have all the brwd and eff~ctive tunction~ and powen in anywise
entrustcd by a court to a Receiver, and such appointtnent shall be made by ~uch court aa an admittecl equity and a ma[ter ot
absolute right to said ~Tortqagee, and without reference to the ad~quacy or inadequacy of th~ value of thc propert~ mort-
gaRed or to the solvency or insolrency o[ said ~tertqaqor and;'or of the defendanti, and thrt such rent•, profits, incomc, i:-
sua and rcvenua sha11 be applied by such Receiver accordi~g to the lien and Jor equity oi said Diortgagee and the practice
oE wch court
R. It is understood and agrecd that this mortgage is given to xcure, in addition to the note or obligatian above de-
xribed any additiona! loans or future advanca made within tweny ~~ean (rom date herrn( by the mortgagee to said mortga-
gon or any succeuor in title of said mortgaqon of the propertr hereby conveyed: provided that the total unpaid balance of
the indebtednas secured hereby at anr one time shall noc exceed the maximum principal amount of -_-_-_-_- -_- ---_-_- _
------------N/A------------- Dollars (----- ---------_-.'.). plus intereu thereon and any
._..._._..--------------- - ------ ---- - _.. . ---- s ------------- -~ --- ~-
disbunements made br the mortgagee [or the parmeot of axes, levia or insunnce on che property encumbered hereby.
with interest on such disburxments.
IN N'ITNESS WHEREOF, the said \tortgagor hu executed this mortgaqe under seal on the day and year htrein Iint
above written. , ~, , . . -
~~-S`igned, aq deliverrd ~ che nce ot: SAND DOLLAR VILLAS . D~VLL NT' '~. '';
~-
~_; ` '• ~ ` - - CORPORATION . ,t;r - `~•.~ _
~ . ~ -
C~ _
--- --- ----°- - - -- - -- - ~ ----..._ f
~ -- • _
=-
: •
_
f .:
-
~ ' BY ~ j~ SEAI~
, ~ Presi en • • ~
, . .. .. .~,,,•.
_ ~ _ " ~~,.
srATE oF .____ _~ORIDA i`'J~ ~
- ------ - ----------------- - .•
MARTIN s~ .;". '
COUN"I'Y OF - - - ----- -- -- - - ---- ------ ----~-----
Be[ore me penonall~ aPP~ued ------...~----------------
- ---- - - --- - - - .
to me nrtll know and knoNrn to me to be the individual._ dtstsibed in and who ezecuted thc foregoing instrument, and .
acknowledged before me that he._ . executed the same for the purposcs therein expressd.
WITNESS my lund and o(ficial stal this ---_----------- da~• o[ ..... .. ...... .. -- -- -.. 19 ..._.
- --- - -- --- -- - _ --- ~---
I~otary Public in and tor
the Countv and Sute Afortuid.
~ty commission expires:
srATE oF --------FLORIDA--- ------- -- - ------
couti~nr oF ---MARTIN----------------------- ::.
BeEore me personaltr appeared _-__TONY _ SOTOLONGO_~_________ _
and .----- -- --- - ------------------~-------------~---- -------- -•------------------- ------------- --- - . to me weq known and
known to mt to be the __._..___ .________.._._.__..____ Praident7i~fdC ~~[
--------~- ----- --- ------ -------- - - - - - _]t1tIIt
rapeccively oE ..SAND__DOLLAR VILLAS DEVELOPMENT CORPORATION , ihe corporation
named in the foregoing inswment, and known to me to be the penons who as such o[ficers of said corporation, execvted
che ume; and then and there the said _. _. __._._._.._ ___ ___TONY SOTOLONGO ~~~~~
did acknowlaige beEore me that uid
inswment is the free act and deed of uid corporation by them rapecti~•ely executed as such officers tor che purposcs thert-
in expnsxd; that the sral chereunto atuched is che aurponte seal by them in like capacitv aftixed: all under ~u~hoiity in
chem duly vated by the Board of Direccon of said oorporation. ~ y~ --
WITNESS mr hand and otficial seal this --_- -r~' q '~~~ ~~'~~'- ~
~_----- a~ o[ --- -- ----- - -- - March . ., ~:~ .: ~~`~ 8f#.
- /'' f •~ ,~ ~I : ,-~y
_" ~ - •
. 4-. ~-. CQ .
Public !n and for ;+ ~ . ` r ~%'~' ,~ ~ t,
County and Sute ~' tr 0 j .~ ~"~: ;
Mr oommission acpira•~•, ~ ' . Q~~~ . ~+-
.~: L.= - ~
~~~'K 350 PN~E 546 ~ ~ «~~~~`°'~`' ; ~a y~
,~ T-~ ~ ,~. ~~~ ~