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..NIIC' ".r p0licie\ "aid MORTGAGEE shall h~ve the option to receive and apply Ine SJII'C ,n .KC)unl (,I Ihe Inckbte'Jne" se~ured he:cby or I"
pumlt silld MORTGAGCR5 10 ,eceive and use il 0' ~ny p.!rl lhe,eof fo, olher pUlp-Jses w,th:;ut thereby waiving '" ,mpal:ing .1n, !:quilv.
lien 0' right unde' or by vi'tue of Ihis Mortgage; and in the event ~id MORTGAGORS sh.lll /:), ~ny 'easOCl fail to keep the "id p,em,s,",
so insu,ed, 0' fa'~ 10 del,ve, p'omptly any of said po~,~ies of insu,ance to said MOR.TGAGt:E, 0' fail p,omplly 10 pay fully any premium therefe."
0' in ""y 'espe<t fail to per/olm, disclu'ge, execute. e/fect. complete, comply with and abide by this cove.unt, u any p-!,t he,eof, s3id MORT.
GAGEE nuy place and p.!y for such insu,ance or any part the'eof without waivi,g 0' a/fC'Cting any option, 'Len. e'-luity, or ,ight unde' 0' lcy
virtue 01 Ihis Mo,tgage, and the lull amount of each and every sLlCh payment shall be immediately du~ and payable and shal! bear inte,est
from the dale Ihereof unlil p.!id al Ihe ,ate of six and six-tenths per cenl ~, annum ~nd togelhe, with such rnte,esl shall be ,ecured by I"'~
Ioen 'Jf :his roD'tgage.
4. To pe,mil, commit 0' su/fe, nc. waste, impairmenl or detericH"Iicm d s~id p'ope,ly 0' any pa't the,eof.
5. It is hereby sp~c,fici'lliy ag,eed Ih31 any SUM 0' sums wlllc" m,1y be !o,lnrd or advanc~;/ !"y the MO'lgaget' 10 the r,\0Itg.1g0r at .11)'/
'ime "ftc, Ihe ,e'c),ding 01 this ind..n!u,e, togelher with inte,eslthe,eon al the 'ate ~greed upon al the lime of such loan or ",hance. s"all b.~
equa~ly secu,ed wilh and have Ihe same p,i",ity as the o,iginal indebledness, and be SU'>IC'CI 10 all Ihe le'ms ,1nd p,ovlsions of Ihis morlgage:
P,ovide<i, Ih]1 Ihe agg'egale amounl of p,incipal outslandlng al any lime slull nol e"ceed an amounl cc',al 10 one hund,ed and fifty pe' cent
(150%) 01 the p/incipal amounl originally ~ecured he,eby.
6. To pay all and SlOgula' the cosls, cha'ges and e"penses, including a ,e3s"nable attolnt)"'s fee and costs of absl,acl of tille I.),
CUl'ed 0' p-!id at any time by said MORTGAGEE because or in the evenl of the farlu'e on Ihe pa't of the said MORTGAGOR 10 duly. pwmptly
and fully pedo,m, discha'ge, execute. effect, complete, comply with and abide by each and every Ihe stipulalions, agreemenls, cond'lions
and covenants of ><lid p,omissory nOle and this mo'lgage any 0' eilher. and said costs, cha'ges and e"penses, each and every, shall be
immedialely due ..nd palable; whether 0' not the,e be nOlice, demand, attempt to collecl or suil pending, and Ihe lull amounl of each and
eve,y sucr, paymenl shall bear inle,est from the dale thereof until pa id al Ihe 'ate of si" and six-Ienths pc' cenlum per annum; and all ><lid
cosls. cha,ges and expeme<, so incurred 0' paid, rogelhe' wilh such IOte'est, shall be secured by the lien of this mo,tgage.
7. That (al in the event of any breach of this Mortgage 0' default on I"e pa,l of Ihe MORTGAGOR, or (bl in Ihe event any of sajd
sums 01 money he,ein ,e/eHed to be nol promplly and fully paid within I""ly DO) days ne,,1 after the same severally become due and payable,
wilhout demand 0' notice. 0' te) in the event e~ch and every Ihe stioulations, argcements, condilions and covenanls of said promlSso,y nole
and Ihis mortgage any or eilhe, are not duly, promptly and fully perfo,med. disc"a,ged, e"eculed, effecled, complele<1 complied wilh and
abided by, then in eilhe, 0' any <ucr, event, the said agg'egale sum mentioned in ><lid p,omissory nOle then ,emaining unpaid, With inle,est
accrued. and all moneys secured hereby, shall become due and p.!yable fo,lhwilh, Or thereafle', at the option 01 said MORTGAGEE, as fully
and complelely as if all of the said sums of money were o,iginally slipulaled 10 be paid on such day, anything in said p,omissory nole or in
Ihis Mo/lgage to the conlrary not withslanding; and the,eupon or thereafter at Ihe oplion of ><lid MORTGAGEE, wilhoul nolice 0' demand,
suit at law or in equity, may be p,oseculed as if all monies secu,ed hereby had malu,ed p,io, 10 ils inslilution.
8, Tlul in Ihe event that at the beginning of or 1t any time pending any suit upon Ihis Morlgage, or to fo,eclose ii, or 10 refo,m
it..o, to enforce payment of any claims hereunder, said MORTGAGEE slull apply 10 the Court having ju,isdiclion Ihercof for Ihe appointment
of a Receiver. such Cou,t shall fo,thwith appoint a Receive" of said mO'lgaged p,operty all and singula" including all and singular the
income, profits, issues and revenues from whatever source derived, each and every of which, it being exp,essly underSlood, is he,eby mo,l-
gaged as if speclifically set fo-th and described in the granting and habendum clauses hereof, and such Receive, shall have all Ihe broad and
effeclive funclions and powe's in anywise enlrusted by a Court to a Receiver, and such appoinlmenl sr.all pe made by such Cou,t as an
admilled equily and a mailer of absolL'tc right 10 said MORTGAGEE, and withoul refe'ence to the adequacy 0' inadequacy of the value of the
p'operty mo'tgaged or 10 Ihe solvency or insolvency of said MORTGAGOR or Ihe defendants, and that such 'enls, p,ofilS, incomes, issue,
and ,evenues shall be applied by s~ch Receiver according to Ihe lien or equity of said MORTGAGEE and the p,aclice of such Court.
9. To duly, p,omptly and fully perform, discha,ge, execute, effecl, comp'ele comply wilh and abide by each and every Ihe stipu'
lalions, agreemer.h, conditions and covenanls in ><lid p,omissory nole and in this mortgage set fo,lh.
10. Thai in the event the ownership of the mortgaged p,emises, 0' any pa'l Ihe,eof, becomes vesled in a person olhe, Ihan Ihe
MORTGAGOR, Ihe MORTGAGEE, ils successors and assigns, may, wilhout nolice 10 lhe MORTGAGOR, deal with such success"" or successo,s
in inle,esl wilh 'eference 10 this morlgage and the debt hereby secu,ed in the ><lme manner as with Morlgago, wilhout in any way viliatlng
0' disclu'ging the Mortgago,'s liability hereunder or upon Ihe debt he,eby se<:u,ed. No sale of Ihe premises he,eby mo'lgaged and no fore,
bea'ance on the p-!,t of lhe MORTGAGEE", its successors or assigns and no e"lension of Ihe lime fo, lhe p-!yment of the debl ;,e,eby secured
given by the MORTGAGEE or its successors or assigns, shall operale 10 ,elease, discharge, mndify, change 0' effe<:t the original liability of
the MORTGAGOR herein, either in whole or in pari.
1 t:' It Is specifically agreed That time is of the essence of this conlracl and Ihal no waive, 0' ar,y obligalion he,eunde, 0' of the
,*.li!,~: wed hereby shall al fny tinyt thereafter be ~Id t9 be a ,n:4iver ;:f ~he t ,ms D\!'eof or. of the inslrumenl secured he,eby.
,-~"".t-'--- SHmeQ US name bv ItS oIIl~et..S an affIxed Its coroor,ate
:-",'~.~~" '4'!.1~~~ WHEREOF, ffie said MORTGAGOR I1ashereunlo/~X^OC }eXO(seaf Ine day and ye'ar Irst aforesaid.
.' , . . e,e'. . . ~~"Se~ .00 deliver~ in presenc.e of:
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STATE OF FLORIDA t SS,
COUNTY oFlndian River J
Befo,e me pe,sonally appeared Louis J. Sambataro, President, and Joseph J, Sambataro, See re-:<~
tary of), .~. & S,. Inc,. '. a Florida, cor~rM.ignme well known, and known 10 me to belhe ind,vid',Jals desc,ibed in
and who executed the fo'egoing instl'1Jment, and ackr..()wledg~~~re me that Ihey execuled the S3me fo, Ihe purposes the,ein expressed.
as the act and deed of said corporation thereunto duly authorized,
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WITNESS my lund and official seal this ,', / . .J. day of . (', .. March
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'.':J <. ( .,J(.l il~ Leo \ <" f' C {.. . l
NOlary Public in and fo, the Stale of Florida at Lar!(e
My commission expi,eo,: :J. / ~- .:,
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By: i<--~'" /.' ~. .,.J, p;1'''-' (SEAl!
Attes~/ " ,Ij)/ '~S)"'~~~E.-^'l!
// ecretary
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,A.D.1963
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