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Home My WebLink About2777 a , , , , . 1 ti ?Af.E ti~ ! ,>OhC, (,r pc.:.,ies sa.d MORTGAGEE ~~I' have the oplion to receive and appl)' lne "~I"" , " ,lee 0,,"1 ot lne ,":jeblednM~ secured hereby Or l<l perm. I !>,I.d MORTGAGORS to receive and uw it CN Any p.rt thereof f", olhe, PU'Jnses wi!h.JuI I....eby waivi"l CN ""PAirin, any equity, lien or ,ilhl. under or by virtue of this Monpae; And in the event wid MORTGAGORS shall fvr any rUson fAil 10 keep lhe said premises so Insured, or fail 10 deliver promptly Any of wid policies of insurAnCe D said MORTGAGEE. "H fail promplly 10 p.y fully AnY premium lherefor, or in any respect fail to perform, discharle, execute, effecl, complele, comply with And abIde by Ihis coven.nl, CN any PArt hereof, wid MORT, GAGEE may place MMi PAY for such insufilnce or Any PArt lhereof without waivinl or affecling any oploon. lien, equity, or right under CN by virtue of Ih,s Mongll", IInd the full Amounl of uch MMi every such pllymenl shall be immedialely due IInd p.YAble ..nd shall bur inleresl from lhe date lhereof unlil paid ..I lhe rAle of six ..nd six-Ienlhs per cenl per Annum IInd 100elher wilh such inleresl shall be secured by t~ hen of "'is mortlAle, 4, To permil, commil or suffer no wllSle, impAirment Of delerioralion of "aid property or lInY p.rt lhereof, 5. II is hereby spKifically alreed lhal Any sum or sums which may be lcant'<! o~ adYllnced by lhe Mortgalee to the Morlgagor ..I "1'01 'ime "fter lhe recordinl of this indenture, logether with interest lher.-on III lhe rllte 31recd upon al lhe lime uf such Iootn or advllnce, shilll be equally secured wilh and have lhe same priority AS the oriliNI indebtedness, ..nd be iubjecl to all lhe lerms and provi$iOns of Ihis mortlale: Provided, thil..-lhe IIglregale amounl of princip.1 oulstandinl lit IIny time shall !WI exceed IIn amount &qUill to one hundred and fihy per cerol (I 50~) of lhe princiPAl ..mounl orilinillly secured hereby, 6, To PAY All and singular lhe costs. chilrges IInd expenses. Includinl A reasonable lI11orney's fee And COSIs of ..bslracl of litle in- curred or PlIid III lInY lime by SOlid MORTGAGEE becAuse Of in the evont of lhe failure on the PlIrt of lhe SAid MORTGAGOR to duly, promptly IInd fully perform, discharge. execule, effect, complele, comply wilh IInd abide by each and every the stipulAlions, Alreemenn, condilior>s and covenanls of said promissory note and this mortgage any or either, and said costs, charges ..nd expenses. eKh ..nd every, shall be immedialely due and pay..ble; whelher Or not there be notice, demlInd, lI11empt 10 collecl or suit pending; and lhe full amounl of each and every such paymenl shall bear inleresl from the date thereof unlil PlIid al lhe rale of six and six-Ienlhs per cenlum per annum; ..nd all said eosls. charges and expen~> so Incurred or PlIid, togelher wilh such lnteresl, shall be secured by the lien of this mortlale. ], ThaI (a) in lhe ('venl of ..ny breach of this Morllale or default on the part of lhe MORTGAGOR, or (bl in the event any of said sums of money herein referred 10 be nol promptly MMi fully PlIId within thirty 1301 days next after the SlIme severally become due and payable, wilhoul deman4 or notice, or (e) in the even I each and every lhe stipulalions, arleements, condilions ..nd covenllnts of said promissory nole and Ihis morlgage any or eilher are not duly, promptly IInd fully performed, discharged, execuled, effecled, completed complied wilh And abided by. lhen in eilher or any such event, lhe said ..ggregate sum mentioned in said promissory note then remlllning unpaid, wilh inlerest accrued. and all moneys secured hereby, shall become due and PlIyable forthwilh, or lhereafter, at the option of said MORTGAGEE, as fully and complelely as if all of lhe said sums of money ....ere orilinally slipulaled to be pilid on such <illy, anything in said promissory note or in th,~ Morlgage 10 lhe contrary not withslanding; ..nd thefeupon or thereafter al.the option of said MORTGAGE!>. without notice or deMilnd. SUIt al law or ~n equity, may lx. pre'secuted as if all monies secured hereby had malured pric.r to its inslitution, 8, ThaI in lhe event that al lhe beginning of or lit any time pendi...g any suil upon this Mortgage. or to forecl058 it, or to reform iI, 0< 10 enforce paymenl of any claims hereunder, said MORTGAGEE shall apply 10 lhe Court having jurisdiction lhereof for the appoinlmenl of a Receiver. such Court shall forthwith appoint a Receiver, of said m:>rtgaged properly all and singular, including all and singular the income, profilS, issues and re"enues from whatever source derived, cach and every of which, il being expressly understood, is her('by mort- gaged as if spectifically set forlh and described in the granlinl and habendum c1a~ hereof, and such Receiver shall have all the broad and ('ffeclivc functions and powers in anywise enlrusted by a Court 10 a Receiver. and such appointmenl shall be made by such Court as ..n admitted equily and a matter of absolule right 10 said MORTGAGEE. and wilhout reference to the adequacy or inadequacy of lhe value of the properly morlgaged or 10 lhe solvency or insolvency of said MORTGAGOR Or the de fend.! nts, and that such rents, profilS, incomes, issue:. and revenues shall be applied by such Receiver according 10 the lien or equity of said MORTGAGEE and the praclice of such Court, 9, To duly, promptly and fully perform, discharge, execule, effect. complele comply wilh and abide by each and every the stlpu- lalions, agreemenls, conditions and covenann in said promissory nole and in Ihis morlfiage ~t forlh, 10. That in lhe even I the ownership of the morlpged premises. or any parI lhereof, becomes vested in .. person olher lhan the MORTGAGOR, the MORTGAGEE, its successors and assilns. may, wilhoul nolice to the MORTGAGOR, deal wilh such successor or successors in inleresl with reference to Ihis morlgage and the debt hereby secured in lhe same manner as wilh Morlgagor without in any way viti..tlnl or discharging lhe Mortgagor's liability hereunder or upon the debt hereby secured, No sale of lhe premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE", its succe~ or IIssilns IInd no extension of lhe lime for lhe paymenl of lhe debt hereby secured given by the MORTGAGEE or ils successors or assigns. shall operate to releaw, discharge, modify, change or effect the original liability of lhe MORTGAGOR herein, eilher in whole or in pilrt, II. It is specifically agreed that lime is of the essence of this c.onlract ..nd lhat no waiver or any obliption hereunder or of the oblilalion secured hereby shall al IIny time therufter be held to be a waiver of lhe lerms nereof or of lhe instrument secured hereby, IN WI....NESS WHEREOF, the said MORTGAGOR hils hereunto sel his twand and seal the day and yur first aforesaid. Siane<f, Sealed IInd delivered in presence of: ~ .Air~.-..; JJ1, e;J~ -;;;..;r;; ;~~;Di- t COUNTY OF Indian River (55. :%~ 'N. lc1/d g7' c ' (SEAU ~@/~ /\ (SEAU Before me pel'SOnlllly ;appellled , John W. Black. Sr. and Thelma Black his wife, to me well ~.nown, and known 10 me 10 be lhe individuals described in and who executed the foregoing instru...-,I, IInd acknowledled before me lhat they execuled lhe same for lhe purposes the,ein expressed, WITNESS my hilnd IInd officilll wal this 18tb day of .Q::;': ~'9 61 Notary Public in and for the Stllte of Flori<ill at urle, My commiSSIOn expires: ^ _ ~f( ~ " .:2.. .., '. 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