HomeMy WebLinkAbout0919 LOL~aId, a cvmpany ar ccr.r~pu.~~~o
be apprnved bb aaid .1.Kort~a,~ae, and ~ pol~ab or poticLea held b~/ and pa~/a,ble to aaid
• .hfort,~a~ee, and in ths evenE any aum of m,on~y becomea pabable under auch poticy or
potacud, Ehe J!i'ort,~a~ee~aha,ll have the optwn ~o rececve and appt~/ ~li~a aarna on account
of the tinc~btedneea r~bj/ aea~red or to par»ti~t the JKort~a~or to rec~~e and uae it, or
any part ~Ehereof, ~'or other purpoaei, w~thou,t lherab~/ wa.~vin~ or ~an
~n~ ~ ~ .
l~an or r~;~ht under or by v~rtua of th,ta mort a,~e, and may place a.nd ~r i~
inauranaa or any part t)iereof, tt~thout uxwv~,~ or aJfecan~ !he opt~o~ to oreodots.or
aaey rz;~h~t hareunder, cznd eacah and every auch ~/~nent ahall beacr ~sle~e~ ~fro~n da~e : ~
u,E-Eh,e-~ta~gtxxxxxxmcx~nroqr~qcp~pc~w~~x
-Ph~ghest --rate-- allo~,rabis ~QB~-~~--
, Florida law. . • , i
To per»iit, oom,m.it or ~w~''er ~no wa:te, trripairment or deEerlosatlon oJ yafd !
propert~ or any part thereoJ. ` : . •
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6. To perJorrrz, complb with and ab~aie bb eaoh and every the itipuiattoni; •
a~reements, conddtiona aru~ aovananta in iald promiiiorJ~ notceand ln Lliti deed iat
~orEh. . .
7. If ai~y of act~d auma of monay h,~rein rafarnd to bc not promptl~/ a~d full~j p~t~d '
: urithin 15 c~rtya next af~r the taan,e aeverarl~y beeorne due a~nd p able
or if ~.h and evary tJie at~pulactiona, ac~enr~nta, eond~tiona and eovena.nii o~sa~ '
prorrsidaory noteaz~td th.td r~eed or a$ther, are no6 dul~/ performed. eom.pl~ed wtth and
cabr'ded b~/, the aa~d a~,~i~e~at~ aur». n~nf~'o».ed ~n aa~d pro~n~aaor~/ notestlien rsmae~n~nj' '
u~npac~d ahacll bacom~es due a,nd pac~yable forthu~th or there~acft~ a~ ths opt~on of the
.1~fort~?ac~ee aa futly a.nd complstety aa ~f t~ ~~3d a,~~re~ate aum s~me~tioned in •ai
romissory notes then remaininq unpdid were orL~'incclly at~pulated to ba ~a~d on ~
~uch dab, ccnythin~ in said prorniaaory not~or h,er+~tin to the cont~ notwdth~tta,ndi,~e~.
8. Th~a ,hfort~acge6muU, a.t an~/ tlnia while a aui,~ ia pandin~ to foneloae orto reform •
th~a mor~~a~e or to enforce anb claima ariain~ herau.~eder ap~ly to t/~.e eourt luzvin '
, .,~uriadictaon ther~of for the appainl»tent of a receiver,~a~auch court ahalt fort~~~ ~
appoi.nt d receiver of the pre~niaea and all other p~pert~/ coner~d here b~/, ine~ud~ng all
and ain~u.la,r tir,~ ineo~ne, pro~~a, renta, isaccea ccnd revenu~ea fi~v»z whactever aour~ee de- ~
rived, and auch recrivar ~hall hava all tha brnad ~a.nd ~ffective fynctio~u ac~tc~ para~ra
anytaiae entruat~d by cL court to a recRiveraric~au~h ap~t~ointm~n~t ahall be nuu~e by ~r~ch
court aa a~ admit~ed equit~ and a. matter of' abaotuta r~~ht ta aaid .hfort,~a,~ee, a~er~l
with,ouE reference f~ii the da?equacy or inac~equacy of the valua of
• the pr~oparty ~i,ort•
~a~ed or to tht aolvenc~ or insotv~ncb of sa,id~ JKor~~d~or or the ritfenda.~.ta, and ~rue%
incom,a, profits, rents, iaauea and nvenuea a?hall Le applierl. by ~ruch recelver a,ccord,~n,d•
to tlr~e lien of thia ~norl~a,~a and the pncctica of au,cl~ court. •
SEE FRONT PAGE OF DOCUMENT FOR ADDITIONA~ C0ITENANTS-
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: .~n ~tfrip~,~ ~I~PrPl1~, The aaid JIS'ort~ra;~or hereun~o aeta h~a hand aw:d .
xeat the day and veccr firat abova written. .
Signed, Sealed and Delivered in Preaence of: ~ •
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~ j au . r , _ . , : .
( ..t- ~ ~ . ~ ' ~ .
~tttxe rf ~dar~d~ ~ ~ ~ ~ "
~Otttttg o~ POLK ' B~OK•57t7 , PACE 913
I, an o~j`leer authorixed to taka aaknowlcd~rraentas
1 det.da aoaord~na to ths ~
lawa oJ the State o~ Florida, dul~ qua~~led and aottng, REREBX C~gtTIFY thct e;*.
PAUL H. FREE~lAN, as Trustee
~ ~ . ~~JKt~ T~'~tE~~~ y ~~,•f{'~ '
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to ~me pe~aonalt~ known, th~ da~ aoknowted ad be ore me that ,;•f r~~~~ ;,s: N
exeoutcd tha jore~o~nd mort~a a, and I FU~~ C.ERTIFY thaE ~ -
peraon mak~n~ ,raid aeknow~ul~ment to be th~ rndtvldual o, j''~, '
who exeeuted the aaid mortda~e. w; l, ~
~n ~litne~ea ~tleer:af. I haseunto •et mb' hand and o~L ' ;'~,,eq#Y ~,~`gt~~ '
r
WinterLHaven iatd C~ount~ and Stata, t~t ~f ~
da ~ r7g L~I~~r j~~ I.~. 18 8~ Y ~s
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~~~~~t3 rY~A`~~i~l~1N~~i vK~ , , ~
~uc l ~ .~fy ~ om r n ei~._._ , . ;
tc~rqEO trucu cc+~tu.t u~~s w.~•~ . w;
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