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Home My WebLink About08009. R.' ~n '~ ,wlrcy or policies said MORTGAGEE shall have the option to receive and apply the sarrw ~h account ct the indebtedness secured '+,areby or to permit said A10RTGAC.ORS to receive and use (t or any pert ti'oreof far other pur RS sFialhfor anyerbeascnrfailgtorkrepatrha said )p"emises lien or "fight undr• cr by virtue of this Mortgage; and In the event said MOP.T so insured, or fail to deliver pc~+ptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium thecufor, or In any respect fail to perform, discharge, oxecute, effect, complete, Cornpiy with' and abide by this :ovenant, or any part hereof, said MORT• GAGEE r,wsy place sad pay for surf, insurance or any part thereof without waiving or affecting any option, lien, equity, or right under or by _ virtue of this Mortgage, and the fuel amount of e++ch and every such paynunt shall be immediately due and.paysble and shall bear interest from the date thereof until paid at the rato of six andn~Ae the pat cent per annum and together with s!rch interest' shall ae secured by tn2 lien of this mortgage. ;. 4. To permit, commit or suffer no waste, Impairment or deterioration of said property or any part thereof. 5. It is hereby specifically agred that any sum or sums wt,ich may be loaned or advanced by the Mortgagee to the tvtortgagor at any rime after the recording of this indenture, together with Interest thereon at the rate agreed upon at the time of such loan or advance, shall be equally secured with and have the same priority as the original Indebtedness, and be subject to all the terms aruJ provisions of this mortgage: provided, that the aggregate amount of principal outstanding at any time shall not exceed an amount equal to one hundred and fifty per cent (15096) of the prindpal amount originally secured hereby. 6. To pay all and singular the costs, charges and expenses, including a reasonable attorney's lee and costs of abstract of title in- curred or paid at anX time by said MORTGAGEE because or in t,~e evmt of the failure on the part of the said MOiTGAGOR to duly, promptly anc' fully perform, discharge, execute, effect, como!ete, comply w'.th and abbe by each and every the stipulatims, agreements, corrJitions and covenants of said promissory note and this mortga-;e any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice, demand, attempt to collect or sul ng; and the full amount of each and per centum per annum; and all said every such payment shall bear interest from the date thereof until paid at the rate of six ands costs, charges and expenses so incurred or paid,vo~gether with such interest, shall be secured by the Hen of this mortgage. 7. That (a) '.~ the event of any breach- of `Ia Mortgage or default on the part of the MORTGAGOR, or (b) In the event any of said wins of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) )n the event each and every the stipulations, aggeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully Performed, discharged, executed, effected, completed complied with and abided by, then in either or any such event, the said aggregate sum mentioned In said promissory rote then remaining unpaid, with interest accrued, and all moneys secured hereby, shall becorn~: due and payable forthwith, or thereafter, at the option cf said MORTG.^GEE, as fully and completely ss if all of the said wins of money were originally stipblateci to be paid on such day, anything in said promissory note or in ,this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, may be prosecuted as if all monies secured hereby had matured prior to it: institution. 8. That in the event that at the beginning of or at any time pending any wit upm 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 ;he appointment of a Receiver, such Court shall forthwith sFy~olnt 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 mort- gaged as if spectifically set forth and described In the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or )nadeauacy of the value of the property mortgaged or to the solvency or insolvengr of said MORTGAGOR or the defendants, and that such rents, profits, incomes, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and f<rlly perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the oamership of the mortgaged premises, or any part thereof, becones vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or successors in interest with reference to this mortgage and the debr hereby secured in the same manner as with Mortgagor without In any way vitlating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. Nu sale of the premises hereby mortgaged and no fore- beararxe on the part of the MORTGAGEE nr its successors or assigns and no extensio,~ of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effect the original liability of the MORTGAGOR herein, either in whole or in part. 11. It Is speciflully agreed that time is of the essen:e of this contract and that no waiver or any obligation hereunder or of the obligation secured hereby sfull at any time thereafter bs held to be • waiver of the tarnu hereof or of the instrument secured hereby. IN WITNESS WHEREOF, the said MORTGAGOR has iserwntc set his hand and seal the day and year first aforesaid. Slgned~ Sealed and delivered In presence of: [..C.~C c~~ U~' ! t' ` y'" i <:t / ,. l ~ i. 1 (SEALI l~,,,.- ~ _• ~ - - --- ljl ~ (SEALI STATE OF FLORIDA Indian River_ } ss. couNT,r of - EIvLINIA FULLER, a widow Before me personally appeared - ---- _ _ ~X -_ -. __ _.-_ ..._ .fK?~ to me well known, and known *.o me to be the individuals destrib~d in ar+.d yvhb" t atsdr)heforegoing instrument, and acknawted;ed before me that they executed the same for the purposes therein express (~ 0 2 ,• :~~.~fa.--~,,, f-. -- November - A- v . _ D 1 ~: ., , ". yy{?'f'rJ~g$•adt4rJwid and official seal this -- - /.- - -- - -. day of _ - _ - . ,. ' •, " ' -'."a';:, . ~ ~~ - Notary Public to and for the State of Florida at Large. r• ~ _,~ ``~`' :.1 = My commission expires: _ .- , " ~' ' V,.c~'~ett".f•i_: / Fbr,da at LarB --i' ' " ` Public, elate o ~ :," ~ °+v„."~'~: ~` ~ ~ ~mtntstlett ptpires Juna 24. 19 6 r - "'~ '' ~ goaded by q~tet1un Surety Co. of N- Y• .. (~ ~ ~-1 w ~' ~ ~ ~ ~ , AKD RECt~RDBflOK ~ 1N ~ ' . i `~ z Q I ~ -~ a H ~_ 'fr{ ' • / /~ o v ~ r J N ~ .,. ~ a .~.~~ Q z <4-'.- ~ ,, f .._ ~r~t~~~ 962 NaV 1 F AM 8: 48 ~ r ~ a ~~ ;pGER PpIYRASr CLERK ~ z ~ ~ V ;, IUCIE COUNTYr FLORID ~ ~ ~ ~~ ~ c ~ O I a S