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Home My WebLink About1198a8~~~ • 2 609 ~oirty or poi)cles said MORTGAGEE shall haw fFse option to recNve and apply trre sarrre care accwnt of tM Ntdebledrttss secwea t»reEy a ro permit said MORTGAi;'~ORS ro_r.c.ive and use h a any part tlranof fo- clew owposes without thereby wahrierg a htipairing any equity. lien o. right under a by vlrtufi of thk Mortsaga: and in the event saW MORTGihGOR shall fo. any reasa+ fall to keep the said premises w inwred, a fall to dNlver promptly any of said policies of Mtessrarsoe to aaW MORTGI-GEE. or faN prontptllr to pay tulN ar+y praNum tharafo-, o. in any respect fall to perform. disclserge, e>oectrte, effect, oontplea, comply with and abide by this eovana+t. or aety part hereof. said MORT• GAGEE may place and pay far suCfr Insurance a part thereof without waiving or a k-g any option, lien. egtrlty, a right under or by virtue of this Mwtgap, std the full amount of each and awry such payn+ent shell be M~iunediately dtu and peyabN and sheN beer irttenst from tf+e date thereof untilpald at tM rate of six and six-tenths per cent per arrxan and togetMr with tench Interest shall be sectxsd by the lien of this ^ar1Pp. ~. To permit, corrrnlt or suffer reo wash, irttpalrrrtent a deterioration. of said property or any pert thereof. S. It is hereby specificaly agreed that any sum a surm whkh may be boned or advanced by the Mortgagee ro the Mortgagor at any •ime after the recording of this'fidentun, together with interest thereon at tM rate agreed upon at tM time of such ban a sdvanu, sF+all be egwlly secured with and have the same priority as tlse orlgirtal IrtdabtednesR and be subject ro all the terms and provisions of this mortgage: provided, that the aggregate amount of principal outstsedktg at any tiers shell rat excted an amaent egwl to one htxdnd and fifty per cent (150%) of the p-incipal srrtotx-t originally aecured hereby. 6. To pay alt and singular the costs, charges and experuea, Includirt~ a reasonable attorney's tae and costs of abstract of title in- curred or paid at any time by said MORTGAGEE because or in tM event of tree failure on the pert of the saW MORTGAGOR to duly, promptly and fully perform, dixharge, execute, a##ect, complete, oarep(v with and :tide `.i ::..Is ~•:: ~'; the stipulatlxs, sgrc.-^.xnts, cord!ti~+^t and covenants of said promissory note and this mortgage any a Nthe-, and said costs. rY+erps one expenses. eecn one every. snail oa inunediately due and payable; whether or rat then be notiw, demand, attempt to txrlleet a suit pendksg; and the full rmax-t of each and every were payment snail bee. interest iriwri i`ri veil lra~.~ u:stfl paid at the rate of six and aix-ta+ths per renturn per am:~ti; and all said cots, chargi:s and expenses so incurred wr paid. together with such enterest, obeli bs secured by tf,e lien of this mortpge. 7. That la) in tt-e event of any breech of this Mortgage or default on the part of tM MORTGAGOR, or (b) in the event any of said sums of mor-ey herein roferred ro be rat promptly and fully paid within thirty (30) days next abet the same severally become dine and payable, without demand or notice, or (d )n the event each and every the stiDulatior-s, argeements, conditions and covenants of said promissory note and this mortgage any a either are not duty, promptly and fully performed, discharged exerufed, effected, completed led with and abided by, then in either a any such event, tM said aggregah surm mentioned in said promissory note tfien remaining txepald, with interest accrued, and all ma~eys secured hereby, shall become due and payable forthwith. a thereafter, at tF+e option of said MORTGAGEE, ss fully and completely ss if all of the said sums of money were originally stipulated to be paid on such day.~i rag In said promissory Hole a in this Mortgage to the contrary not withstanding; and thereupon or thereafter at tM option of sold MORTGAGEE, without noHOe or demand, wit at law or in equity, may be prosecuted as if all monies secured hereby had matured prior ro its institution. 8. That in the event that at the beginning of or at any time pending any suit upon this Mortgapp~~ or ro foreclose lt, or t~s xform it, or ro enforce payment of any claims hereunder. said MORTGAGEE shall apply ro the Court having jurisdiction thereof for rise •ppointmmt of a Receiver, such Court shall forthwith appoint a Reoelver, of said mortgaged property all and singular, Including all and sirtgubr the income, profits, issues and rovenues from whatever source derived, each and every of which, it being e~ressly understood, Is hereby n+ort• gaged as if spectiflully set forth and dexribed to the granting and habendxn clauses hereof, and such Receiver shall haw all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and wch sppointnwnt shell be made by sud+ Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference ro the adegwcy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, incomes, Issues and revenws shall be applied by such Receiver according ro the Ilan or equity of said MORTGAGEE and the practke of such Court. 9. To duty. Promptly and fully Perform. diacharge, execute. effect. complete ca++ply with and abide by each and every the stipu- laticx-s, airra:rrsgnts, conditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the ownership of the mwtgageci premises. cx any part ti,erev(, t~.cNi;as vest:: Gi a rc:>w.. ~ `.~. t`.4- MORTWGOR, the MORTGAGEE, its wccetsors and assigns, may, without notice ro the MORTGAGOR, deal with such waessor or wouswrs in interest with reference to this mortgage and the debt Mroby sscurod in the same manner as with Mortgagor without in any way vitiating or dixharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the promises heroby mortgaged and no fore- bearance on the part of the ~AORTGAGEE o. its successors or assigns and no exter-sion of the time for the payment of the debt hereby severed given by the MORTG/GEE or its scxcessors a assigru, shall operate to release, discharge, modify, change or effect the origir-al liability of the MORTGAGOR herein, either in whole a In part. 11. It is specifically agreed that time is of the essence of this contract and that no waiver or any obligation hereunder or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of tM instrument secured hereby. IN WITNESS WHEREOF, the said MORTGAGOR has herecw-ro set his hand and seal tfie day and year first aforesaid. Slg~ed, Sealed and delivered in presence of: v - ~' L1 / W - ~.' - - .- - «- (BEAU STATE OF FLORIDA 1 Indian River 1} ss. couNnr of Oeforo me Pe ~,e Ralph .Caine jr, and a~~a'~o yang ' ~13fSnt~-l..~iln .--- -- -- -- - - - - - - - - ---- -his wife. to me we11 known. and known to me to be the indivi~ i~desc~fe~ssed~ and who executed the foregoing Instrument, a--d acknowledged before me that they executed the same for the purposes WITNESS ray hand and official seal this ~~ _ . v r~ i. .~ ' •, :-~~ i ,ti - ~ 'i -~ ~r~;3L1G ~C.' ,~ ~,~.. W ~° A I ,:~~ Z Q Q >o~ r~~ » ~ - + ~ - r c~.~~, ~ _ ~' ~W Z ~ 02 S -~ " - .day of - _ _ A. D. 19 61 - - ~ - Notary Public fn and for ttw State of Fbrida at Large. My carwnission e~lres: ^ .. l p J 0 A ILED Q RECORDED i1 AN 2Z At11O: 46 <.~ IGE POITRAS~ Cl~ov --zt';~= W . . ;.IJC E COUN1'f, F..l,+ . ~~ ~ R T ,,,, = o .. ,,: G~ . , ,,. ~~~ ~ ,.:,o. J' `C ' y ; • t •., . $ p.' ~ L • F ~ e A A ~' ~ =yW~ O ~ V 0 ~~m A s r~l ~ 918~`~ ~,.