HomeMy WebLinkAbout0939 • ,•+ya~co• Li~~~{lAUiO va~Ll,us
, , Dollara~ a companb or companiea to
~ i ba apprnved by said .ltfortgac~ee, cand ~h,e potiay or policcea hald by and pczyu,ble to said
JKort~a~ee, and in Ehe eve~at any aum of nzonRy becomes payabla under euch policy or
poticiea, the .1Kort~a~ea ahall hava dhe opEion to reaeivs and appl~/ the 8ama on account
of the indehtednes8 ~Cereby 8eatcred or to permat the .1Kort~ac~or to r~ive a,nd u~e it or
an~ part thereof, ~or ot,har purpoaea, without thereby wa.~vin~ or i»ipa~r~n~ an eq j ~
lien or ri,~ht under or by vartue of th~a mort~a~e, and m,ar~/ pla,ce cwsd po~ ~ r s~cch
znaurncnce or any part theraof, wathout wa.~vtin,~ or afJ~eot~n~ the optw~ to ~ncloes .or
any ri~ht h,ereunder, and e~ush and avar~ auch pa,yn~rit ahall bear ~ntere~t ~o~n da~tss
act the r~otxa~gtxxxxxxxxx~txo~rotxp~oQCRn~~x hiqhest rate alloaable under
Florida law. • . ~ .
6. To permit, aorrLm.~t or au~j"er.no waate, impa~rment or detertoration oj au~d
property or anb part thereo~. . ,
6. To perform, corrtply ~th and ab~de by eaoh and eusr~ tha atfpulattoiw; •
a~reements, conditiona and covenanta tn aa~d prom~asorf/ noEesand !n thia deed iat •
~orth, • ~
7. If ciny of aaid suma of money herein referred to be not prontptly and full~ pat,d
? within 15 c~lnys ~text diter th,e 8a~ne severaltb becorrie drr,e and p able,
or if u~u:h acnd cvery the atipula.tions, c~~raementa, condition~ and covenantd o~aaid
pror?zissorf/ notesznd thia c~eed or either, are not dul~/ performed. co~npl~'td with and
abided by, the said oc;~~re~ar,te au~n me~Eioned ira aaid pramiagor~ notes~ien rem,acinin~'
un~ocid shalt become due cr.nd pai/able forthwztlz or thereafte~ at the option of thc '
Jlfort~agee as fully arcd co~nplatety as if th~ A~~.a~ a~',gregat~e surn s~mentioned in sai
romissory notes then remaininq unpair3 were ori~naclly ~ttptf.luted to be paid on
auch dacb, anything in said promisaory note~or herein to the contrrtry notwith,sta,nding.
8. Tlu .M'ort~ac~ee mcty, at an~ time while ac s~it is pendin~ to foreclosa or to refor»z
thia nwrt,~age or to enforce any el~ccima ccrisin,~ hereunder, apply to tl~e eourt lunvin~
. . jwrisdiction thereof for the appointment of d receiver, ar~d such corart ,~hoctt forEhwith
appoint m receaver of the pre~rtises acnd a/t other property couered her~eb,~, iracludin~ acll
dnd din~ula.r ~he income, profits, rents, issuxs und revenues frnm whatever source cde-
rived, and such receiver shatl have atl the brnad -a~d effective functiona an~ powers in .
cracywisa en~ruated by a court to a receivera.nd8u~ch ap~uointmenl, Bhalt be m,o,c~e by s~u;h
court cr,s~ an admitted equity and a matter of acbsolute rigl~t t~~ said JKortga~ee, ccnd
without reference ~ ttie adequacy or ina.clequacy of the vatice of the property »aort- .
ga~ed or to the soluener~ or tinsolvency of said~.~lortgac~or or the ~lefendccnfa. and suela
incom.e, profita, rents, i8sues ccnd revenues arhatl Le upplier! by Ru~ch reeeiver accoraGin~~
to ~lu lien of this ~nort~age and the practice of such court.
SEE FRONT PAGE OF DOCUMENT FOR ADDITIONAL COVENANTS
, . . , ,
. ~1~ ~itnr~~ ~~,er~enf, The Said .1Kortga~or hereccnto 8eta hia hand ccnd.
,tieal the da~y and ~ear firat above written.
Signed, Sealed and Delivered in Preeence of: "
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~#~t#P nf .~~ux~~tt nn ~ ~
, ~IAttttt Dt POLK ' BOOK 5`S PAGf 7J~
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I, an o~tcer authorixed to take acknowl~d~~rtenta oJ deer~s aeca~dtn~ to th,e
Zaws oJ the State of Ftorida, dulb qualitled and aeting, HEREBY CERTIFY tlta .
PAUL H. FREEi?lAN, as Trustee ~
f~ ~
. ~~~~C.1J P~Gf~a7~ .~~t~ `k'~~~ .
' ~ ~L.iK :f
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yl„~• ~~rh ar, r ,
to ~me personccll~ known, thia dab aeknowledded befa~a rrie that h~'~;i y~ ~
e x e c u t e
d t h e ~
o r e~
o l n~ m o r t~
a~ e, a n d I F t
J R
T
H E~
t C E
R
T
I F Y t h a t j~ .
r person makan~ aafd acknowled~ment to be th.e tndivldual d'~o
who exeeuted the aaid mort~ta~e. : : ~
~n ~itnr~ ~I~neaf. I hereunto iet mb ~ hand and o~Le . ~ ;e,r~ ~t~'~'" 'i ~
Winter Haven aaid Countb and State, th~r S~'~: '.fp'~..
. .
da~/ o~ Se~t~mbgr i~~ I~. 19 82 :ti•, ~;1~.• ~c~
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1 5 1 1 U G 2 7~ I~y
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\ .11fy ~ o~n . • n irei
dOrtDED iHRU C;[v~ R/. l 1 1~,~ u~:
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