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Home My WebLink About0271o. k. 4~ F°~cf~~~ ao~x a~t,c~ or policies said MORTGAGEE shall have the option to receive ar 1 apply the s~rna : n roc -un: t,t the mc7ebredness socured hereby r r~ txrmR said MORTGAGORS to ret.ive ano use it cr any prrt thereof for other pu~{:~ses without thereby waiving or nnpairing an; egwh. hen ~~ right under or by virtue of this Mortgage; and in the event said MORTGAGORS sfwil for my reason fail to keep the said pr'mis_•: so insured, or fail to deliver promptly any of sold policies of insurance t: s.:;d MORTGAGEE, or fail promptly to pay fully any premium therefor. ur in any res~ecl fail to perform, discharge, execute, effect, Complete, comply with and abide by this covenant, or any part hereof, said MORT- GAGEE may place and pay for such insurance or any part `.`,ereof without waivinc,• or affecting any option, lien, syuity, or right under or by virtue of this Mortgage, and the full amount of each and every such payreent shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of six 7HtJSltlftiNHC per cent p.~r groom and together with such interest shall be s~a,~rd by tc Gen of this rho:tgage. 4. To permit, commit or suffer no waste, impairment or dete~i:,ration cf said preporty or any part ther~f. 5. It is he,eby specifically agreed that any sum or sums which may be !paned or advanc-~d tr+ the Mortgagee ro thz ~lortgag,r at .an/ •ime after th-• recording of this indenture: together with interact thereon at thr rate agreed upon -t the time of such Iran or ,dvance, shall ha equa'•ly secured with and have the same priority as the original indettednass, and be subjxt to all the terms and provisions of this mortgage: Provided, that the aggro@ate amount of principal outstanding at any time steal! not exceed an ,:moon: equal to one hundred end fifty p•tr cert 1150%' of the principal amount originally seoued hereby. 6. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstract of title in- curred or paid at any time by said MORTGAGEE be~:au;e e: in the event of the railure on the part of the said MORTGAGOR to duly, promptly and fully periurm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses, euh and every, shall bz immediately due and payable; whether or not there be notice, demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of six '~,~1~Yptr centum per annum; and all said costs, charges and expenses so incurred or paid, together with such rnterest, shall be secured by the lien of this mortgage. 7. That (a) in the event of any breach of Phis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) drys n^xt after the same severally become due trod payable, without demand or notice, or (c1 in the event each and every the stioul~tions, argeements, cunditi:,ns and covenants of ;aid p:omiss,ry note and this mortgage any or either are not duly, promptly sod fully performed, discharged, executed, rffaeted, complzted com-lied with and abided by, then in either or any such event, the said aggregate sure ment?oned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as ful!v and completely as if alt of the said sums of money ~re originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary rot withstanding; and t ereup~n or thereafter at the option of said MORTGAGEE, without notice or demand, suit of law or in equity, may be prosecuted as if all monies secured hereby had matured-prior to its institution. 8. That in the event that at the beginning of or at any time jiending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall ferth•vith appoint a Receiver, of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood is hereby mori• gaged as if spr•ctifically sat forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad arcl effective functions and powers in anywise entrusted by a Court to a keceiver, and such,_app~intment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequa:.y cr inadequacy of the value of the prcp~rty mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, inc Ames, issue, and revenues shall b° applied by such Receiver atcordin~ to the lien or equity of said h10RTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, Discharge, execute, effect, complete comply with and abide by each and every the stip.r- lations, agreements, conditions and covenants in said promissory note and in this mortgage sr_t :~rth. 10. That in the event the owrarship of the mortgaged premises, or any part thereof, becomes vested in a person other than tie MORTGAGOR, the MORTGAGEE, its successors and assigns, may, with2u: notice ?o toe h10RTGAGOR, deal with such suceess'r or ;uccev:ors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt he,eby secured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MGRTGAGEE nr its successors or aszigns and no extension of the time for the payment of the dzb; hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to re'ease, discharge, modify, change or effect the original liability of the MORTGAGOR herein, either in w`7ole or in part. 11. It is specifically agrees that time is of the essence of this contract and that no waiver or any obligation herennder or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secu,ed hereby. IN WITNESS WHEREOF, the slid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and delivered in presence of: ~.- y//1'~/~~~/~',~/i I V' I ~. 'i rr.~., rs•vt~. ~.~~.: rr.lt-^~ - --- - -- - - ~ ~ I ~~Z~ ,,~ ••••° ~ ' .(SEALa _ Sl-ATE OF FIOKIDA ~ , G = - COUNTY OF .-_ St. T-+UC~~ - • - -- - ~ S - - Before me personally appeared - -----_--- - --- M. R. MELTON- - - - -- - - ._'s _ ~ ~ . - •~;d KAT~$ ~ MELTON .his wife. to me well known, and known to me to be the indiJ'dll:Sls;r~esC~red in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the FLrposes thzrein expressed. ~ --~ 62 WITNESS m hand end official seal this --. :- - ds of ._ __~~"- ~~_:bG-- - -. - A D. 19 Y '~`' - -- Y W H _ ~ y ~' ,/ ' - - ^ , _ • .. .. - . Notary Fubfic in and for the State of Florida at large. ba ,,``, .:, w~ `_„ .,~ _,~ ,. ,,. ,,: ai. t: My commiuion expires: ~~ 0 ~a= a°° N ~• Fi Q az~ .d Z z O z Fl A~lQ RECORDEQ z '~~! ' ' B00~C ~ 1962 NOV -5 P~f i : 36 s - ROGER POITRAS• CIERI~, ~ ~ , . : • `~ ,,ww _ ~ ~~ ' ~ ~ ST. IUCIE COUNTY, FLORIDA _ ' ~~ 2 r. •: S Q ~ G ~, a z~ a~ o ~ d ~ O x t~