The URL can be used to link to this page

Home My WebLink About0683 ,.ohC~ (,: policies said MORTGAGEE wll ~ve the oPtion to Ncii~ and'APPly \ne ....,ot: un ~cc >ur'I ot In., iO<kbt~c~~ sc-cure<:l ht'reby or tll permit said MORTGAGORS to recfOive ~ use 'it cw --, part theNof for other purposes without t~reby w.,winl ;X impilirinl, any t!qUity. lien or rilht under or by virtue of this Mortpie; .and !n the evtnt uid MORTGAGoRS SNtIl for Any re.son f.iI to keep the Wlid premises so Insured, or fail to deliver promptly any of urd Policies of insurllftCe to said MORTGAGEE. Of fail promptly to pay fully any premium therefor, Ilr in any respect .ulllO perfo"". di~har... execute, effect, complete, comply with .and abi~ by this covenllnt, or any p.rt hereof. said MORT, GAGEE mIlY, pIKe and pay fof such ,lnsuranQ or ."., pelt tt.er.of w1thClt't waivinll cw af~in~ .ny option, lien, equity. or riCht under or bv wutue of th,~ Mortlap. !!:'d the full a,mount of each and every such payment )Ntll be lmmecloately due ~ pay.ble lInd shitll bear interest from the dilte thereof until p.id .t the rat. of sjx and slx,tenthl per cent per MV'Ium and tocether with such interest shitll be ~"red by tho> !,en of this mortpp, 4. To permit, commit or suffet no wam, i~irm<<lt cw deteriontlon of Wlid property or any part thereof, 5, It i~ ~Ieby s~ifiGIlly aereed t~t any sum ;)r sums which mIlY be ~ or adv.nced by the Mortg.lee to the Mortlalor at -lny "me ..fter tlx- recording of this Indenture, IOg@ther with Interest thereon .t t"'e r.te .Ireed upon at the time of such kl.n or advance. sha!l be eqUiJlly ~ured will11nd ha...e the same priority lIS the orllioal indebtedness, and be ~ubiect to all the terms .nd provisions of this mortgage: PrO'lided. that the aglregata .mount of principal outstandin. .t any time wll roOt e~(I:eed .n amount equal to one "-'dred .nd fifty per cent ( 150 % I of the princ'pal .unount orilinally secured hereby. " 6, "0 p.y all .nd sin....l.1r the costs, c~rges and axpen$e5. ir.cludina a rH$Cl\llb!e ..ttomey's fee .nd costs of ab~trKt of title in, curred or paid at .ny time by Wlid MORTGAGEE because or in the event of the failure on t~ part-of the said MORTGAGOR to duly, promptly and fully perform. discharp. execute, effect, complete. cornpIy with and abide by each and every the ~tipul.tions, alroements, condition~ and covenants of said promissory note .nd this mortl.ge .ny or either. .nd said costs, CNtrJCS and expenses. uch and every, shall be invnedi.tely due .nd payabl.; whether or not there be notic.. ctem.nd. attempt 10 collect or suit pendinl; .nd the full amount of eilCh .nd every such payment shall bear interest from the date thereof until paid ~t the rate of six .nd six,tenths per centum per .nnum; .nd all said costs, charges and expcn~~ so incurred or paid, tocether with such Interest, shitll be secured by the lien of this mort..... ], T~t II,) In the event of arTy bruchof this MortPI~ or def.ult on the part of the MORT.GAGOR. or (bl in the ....ent .ny of said wms of rnont'y herein ref.f1ed to be not prompt!.. and fully PAid within thirty (30) dilys next amr the same sever.lly become due and payable, without demilnd or notice, or (e) in the event each .nd ....e,.,..the stipul.tions, ."eements, conditions .nd covenants of said promissory note .nd this mortgale .ny or either .re not duly, womPtiv .nd fully perfonned, discharled. executed, effected, completed complied with and abided by. then in .ither or any such event, .the Wlid allrel.te sum mentioned in said promissory note then remainlnl unpaid. with interest ilCcrued. .nd .11 moneys secured hereby, s~1I become due and pay.ble forthwith, or therqft.r, at the option of said MORTGAGEE. ilS fully and completely .s If .11 of the said sums of money were ori.inally stipulated 10 be paid on such day, anythln. in said promissory note or in lrli~ MortPle to the contrary not withstarviinl: .nd thereupon or there.fter Ilt the option of said MORTGAGEE. without notic. or demand, SUit at law or in equity, may be pr'l~uted as if'all monies secured hereby had mIltured prior to its institution, 8. That in the e...ent that .t the beginning of or .t .ny time pending .ny suit upon this MortPla, or 10 foreclose it, or 10 reform It. or 10 enforce payt"lCftt of any claims hereundet, said MORTGAGEE shall .pply to the Court ha...in! jurisdiction thereof for the .ppointmcnt of . Receiver, such Court shall forthwith appoint. Receiver. of said m:>rtgaged property all .nd sln,ul.1r, includinl .11 and slnlular the income. profits. issues and revenues from whatever source derived, eilCh .nd e...ery of which, it belnl expressly understood. is hereby mort, g.ged .s if spectifically set forth and described in the gr.nting .nd habendum c1.uses hereof, llnd such Recei...er !hall have .11 the broad .nd effecti.... functions and powers in anywise entrusted by a Court 10 a Receiver. and such appointment SNtIl be made by such Court ilS an admitted equity and . matter of .bsolute right to said MORTGAGEE. and without reference to the adequacy or Inadequacy of the value of the property mortgaged or to the solv~y or insolvency of said MORTGAGOR or the defendan~. .nd tNtt such rents. profits, incomes. I~ .nd ,evenues shall be applied by such Receiver accordinl to the lien or equity of said MORTGAGEE .nd the practice of such Court. 9, To duly, promptly and fully perfotm, discharge, execute. effect, complete cQmC;ly with .nd abide by uch and .....ry the stipu- lations, ..reements, conditions .00 covenants in. said promissory nete .nd in this mortlf3g~ set forth. 10, That in the'event the ownership of the mortgaged premises. or .ny part thereof. becomes vested in . person other tNtn the MORTGAGOR, the MORTGAGEE, its successors and assigns, may. wHhout rIOt ice to the MORTGAGOR. de.1 with such suc-:essor or successors in interest with reference to this mortgalc an-:l the debt hereby secured in the same manner as with Mortgagor without In any way vltl.linl or di~harling the Mortgagor's liability hereunder or upon the debt hereby ~ured, No Sille of the premi5e$ hereby mortPled and no fore, be.r.nc. on the p.rt of the MORTGAGEE or its successors or assillN and nO extension of the time for the p.yment of the debt hereby secureod given by the MORTGAGEE or its successors or assilns. SNtIl oper.te to release, disc~rge, modify. cNtnle or .Hect the original liability of :~ MORTGAGOR herein, either In whole or In part, II, It is specifially .greed that time is of the essence of this contrilCt and that no wai....r or any obliption hereunder or of the oblilation secured hereby wll at any time thereafter be held to be ., waiver of the terms hereof or of the instrument secured hereby, IN WITNESS WHEREOF. the said MORTGAGOR NtS herwnlO set his hand .nd seal the dily and yurfirst afofesaid, Slaned. Se.1ed and delivered in presendof: ~1n,~~ ,:i i<..<1.il'1V ;jtt1~ )1<---~~, STATE OF flORIDA } ss. COUNTY OF Indian River Before me personally appe....s ' FJo~dG. Young aoJ 01a I. You~g his wife, 10 mt' well known,.nd known to me to be the individuals descrih:ld in and who executed the fofeaDing instNment, .nd acknowlqed befof. me that they executed the same for the purposes therein expr,,~ed, .~r)'~'l';,.... IFlLF A"/D n[r:r. ' p,1 - "" !~-;JapOE!J ~r" ,<~ ~!'f..4~ i/1hO:JK 1._, J l '0 ft!' 1/: 32 ..... ST. I, cd oUNFi'~' .."',,, ~ · FLOI110~) WITNESS III'( Ntnd .and offici. I _I this , ..1~-- .' ,.:."~~':.":.~"".""" ..'.:.:~' .... "-:... . c.. '"). : s..... " . " :' t.' '. L \ G : ~- Q" . : :~:, ~;':, ,;.:.:-." ' ~ I Q V") Z (,.:)0 Izt:i: i-<Z ., :>v:;;)O'. ~ .. 0 0 <t V .. ~:CtI: ~ .....J, <( i. .. <t jE " ". ~ ~ .I:.::;g, ,.... ~~:~. ~ ...... k: '... .::. ! LW ,g. ... ti ,/ .... "," . .. ........' '. .," .. .. . ~ ~ < ~ ~ = o ~ o p.. .: J //':1: .. '. .. ..' . ..) .....1 . :.,. ,(. ~. ~'-"~'':: v~ .' .' r ,- J I ~.- t~~:! ~ ~.,~ '1(tl ~ ~ (. '/ (;It- ,_J'/fJ~'-) tSEAU (SEAU day of '/ jIIIIe Jt7f - : . ^- 0, 1961 , ~'x.ft~jj;iL1.1 Co';' )y-~l ,--0.-// Notary Public in and for the St.te of Floridil .t urle, My ccmmlSlion expires: ::J. _ / J ' (d-. ... ... :- , ..:; ~ = :: ~ ~ ~ -XS>:;Q~~ r: a:; Z - ~~O 7.= ~a:;... lie :J:e~e~ < Po :.:l - .. -< II ~ Q 0 . = = l:I:l E- > .. ~ rIJ ~ l-.. '5: ..fj ,,~ .~ *->~, ~ (./) l'\r.,>.~~ . H).) I :