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o1ky or polkNs ~Id MORTC/1~EE s1+d1 Iww Ilr cptla+ to noMw and~pp1y tn~ wm on a~ooouw of th~ N~d~M~~ ~ow~d hK~bv ar ta
p~n~t ~sid MORT'G/1i00itS w noNw and ur it a~n!? pwt 1Fw~of fa otf+Kpwpo~ wtthout d+~? w+ivM+~ a In~pN~in~ +n~l ~Wib.
R~n~ o. ~i~ht undn a by virtu~ of tN~ Mat~: and In th~ w~K aid MORTGNOORS ~11 fa any ~~on fiii to kwp th~ ~Id pwNs~s
io I~+na, or hll !o d~ilwr P~'+Otb of tild Polkia of M~ano~ to ~ald MORTGIIGEE. w fsll p~onipty? to p~y fulb prwnlum th~?~fa.
w t~ aey rap~ct htl w PK~+~. ~~t~. ~a+«. CO^~y wtth ~nd abtd~ b~? tNs ao~k. a a~? P~~f. said MORT•
GA~EE msY P~+p ~ V+I? for ~h leqwano~ orany p~rt tlMnof wiMaut waivM+f or affatir~ +~Wopt1on.(Ne+. ~q~+ih. a ~itht ur+d~? a by
virtw of tF~ts ti~xtssh, aed tM tull sma~nt of Mch and~w~r wd~ P~Y~+t shdl b~ Imrneo~at~y du~ and Wribl~ and sh~ll bwr int~rat
frorn fh~ dst~ wnof unHl psid at tM atr of ~c and ~trnths ~ es~t p.. s~a eor~r+~ w~~, w~, ~ee~r ~,.u b. ~wnd .
~r«, ~ ~ ~.e•. three .
4. To permit~ co~nrnit or wffK ~o wastr. impaimia~t or d~teriontfon of said prop~Ay o? arry p~~t thK~of. .
5. It is lwnb~? ~pecificd~y a~ned th~t any wm or wms which msY be Iwned a sdv~nced b~? ths MatN~ to th~ Mort`a!a ~t u?~ .
tien~ aftu th~ noo~dint of thls k+dM+turo, totetl~u w~!h interost thsnon at ths ?at~ a~re~d upa~ ~t th~ timt of wch loan or ~dvanct. =h+ll fbi
~qw11y :eaued with and h~w th~ sanw pr~oriti
a the o~~inal ind~btedrMSS. and b~ wbl~ct w atl tM tam~s and pro~visions of thk mort~ :
11~~of~tFtis~prin~cipa~l
~ anw~mt ~n~l~se~cw~d~ at any time shsll not ~zceed an amount pwl to one Mmdnd and Hf1y per a~t i
6. To piy all and si~ula? ths eosts. d~a?~s and exper?ses. InclaNn~ a ro~sor~blt atton~'s fet and oosts of abcnact of Htb In.
curnd or paid at ~n Nms by sNd MOR7GACEE b~caus~ or In tM ~va+t of ths failuro on th~psrt of th~ s+Id NIORTGAGCR to duy. promptl~
and fully perfum~ ~~p. ~xewte. ~ffott. oompNt~. ooniplY with s~d abW~ bY wch and rw~N th~ sNDulaNo~. +tn~nMnts. oorditlons
snd covens~ts of s~W pra~niuory nott and this mort~t snY or Nther, and s~W ocsts. chs~s and ~ns~s. eath and ~wry?. sh~ll b~ •
immadiately dw and payabk: wMther o? not then bs notia. d~rt~snd. attar~t to oollect or wit . ~nd tM iull amax?t of ~ad~ and
oo~~ cl+a?t~s and tixpenses so .i~ a psi~d ~M~etMr with wch pnt~rest. sharll b~ fseaued b'f?
tM~~~~ ^r~: and all s~W
7. TMt W In ths went of any brwch of tNs Morttap ~ defsuk on~ thspaK of th~ MORTGNO~R. or tW In tM went any of s~id
wrns of monsy Mnin nfK»d to b~ not promptly and iully p~{d wlthin thirty l30) dsys nsxt att~r ths s~nr ~t~wnly becarn dus and WY+bI~.
without ckrnand or notke, or (v in N+e-event .sch and ev.rr the s~tpulaei«n. •R.e~nenes. ooedt~tons ar?d oovenann of ssid ;ron~ssory noh :
and tNs mortt,s~e anY or NtMr aro not duly. P~omPth and fully paiormsd. ~schu~d. ~xea~ted. affected. oomPktedaon~
Ii~d wiM and ;
~ abidsd b~r. then in eiMer or any wd~ ewnt, tM said •~n~a h wm mer?tionsd in ssid promissory nob tF~ ~emalnint unW~d. with intsrest ?
aocrued, ~nd allnw~ys sacuhd hsnby. sh~ll beoomt dw and psyabl~ iorthwith. or tMroafter. at ths option of ssid MORTC,AGEE. ss iully
' snd campleteh? ss If sll of the saM s~rns of maNy wen ori~Mally stipulated to b~ pald on wth d~y. snythins In sald prornissory not~ or in
this Mort~s~e to th~ aontary not withsts~dins; snd ther~~pa+ or tFwreaker at the aption of sald MORTGAGEE. without noNa or dsnnand.
wit at Isw o? in equih. m~Y be proaecutcd u if sll ma+tes saarod hertiby hd maturod Pria to its ir~stitution. .
8. That in ths went thst at tM bs~iMin~ of or at ~ny tims per~dir~ arqr sutt upor+ this . or to foroclos~ ~t. o? to nknn
it. or to enfo?ce psymee?t ofany clsims heraundsr. ssid MORTCAC,EE shall spply to ths Court fwvt~i~
Ua~tlon M»reof for tM appotoM~mt
of a Receiver. wch Court shall torthwith appolnt s RecNv~r, of sald mort6it~ W~Defi+ all and sEr?~ular~ includin~ all and sin`ular ths
incane. P?eflts. iswes and roverx~es from whstever sourc~ derived. eath and every of whkh. it bsint expras~Y undtrstood. Is hereby na~t
~sBed u if spociHnliy set forth snd desc~ibed in the grantM~ and hsbeodurn ciws~s heroof, and wch Reoelver shall haw all th~ brosd ard .
effective f~w~ctiaes snd powen in snywise entrusted by ~ Court to • Reoeiver. and suth sDPolntment sF+~ll bs n~ M? wd+ Court as an
sdn~itted equtty snd a matte~ of abmlute riaht to ssid MORTG/1GEE. ~nd without ro(sranos to ths ~dsqu~c~? or Inad~4uatY of ths value of tM
proPerh? mat~aQed or to ths solvency or insolwncy of said MORTGAGOR or ths defendsMS. and thst wd~ ronts, proHts„ inoomes. iswa
sed revenues shsll be spplied by wd? Receiver aocordin~ to the Iten or equity of saW MORTCAGEE snd the practios of wch Court.
9. To duly. PranPtly ~nd tulb Perform. disd+sr`e. azsoute. effect. oanPl~M aomplY with and sbtds bY each ind awry the stipu-
Iatia~s. agreeyr~ents. taditions and tovenanis In said p~omissory note and i~ this motf~s~e sst forth
10. That In the event ths ownership of ths n~ortpged pr~mises. or +n1? D~~ ~~f. in a psnon othsr Nw+ N~s .
MORTC/1GOR. ths MORTGtiGEE. its suoossso~s and sssitns. maY. witFaut notioe to ths MORTC.IICAR. dsal with wth wooessor or wooesso~s
in interost with refere~ce to this mortgage and the debt hereby seaued in tM ssms n~w~er as with Mort~a~o? without in anY ~Y W~~~ .
or dizchsr~in~ ths Mort`s~or's IlabtUty trrardx or upon ths debt hsrebY securod No sak of the pranises h~reb~? mo~tt~ted a~d no fora
bearance an the put of ths MORTG/?GEE or its wccessors or ss:i~ns and no axeension of ths Hme for ths payn~ent of ths debt Mreby sewrod
~tven by the MORTG/1GEE or its wooessas or assiYns. shall opente to mless~. ~xhs~e. modih. ~wr~ or effect ths ori`iml Iisbility of ,
the MORTGAGOR hercin. either in whole or tn psrt.
11. It ts sper.ifially a~reed thst Hms is of the esseeos of thk oontntt ~rd th~t no waiver w any oblipNon F~sundsr a' of th~
obitption setured hereby sh~ll at any Nme thereafte? bs hsld to b~ • wsiver of th~ t~rmt hsrwf or of ths instr~rnent seeund hs~eby. -
• IN WITNESS WHEREOF. tM sald MORTGAGOR has hsnu+to set his I+~nd and ssd th~ day and y~ar ftrtt afores~id
~ Sip+ed. Sealad snd d~liwrod in pns~ntt of:
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STATE OF Fl~ORIDA
~ Indian River - ,
e.~. ~..,a,.~ti ,o~..?.e . GEOR~"r~ S. ,I,:EI!INABD ' ~
LYDA T. LENNARD p~,,. vw1~ kno~,,,nd known,o m. w a. indwwwk dMU~b~d in
and who ~c~a~t~d th~ ion~oin~ ln~tnr++~nt, and +akrwwbd~~d b~ia~ m~ th~t 1My oaraitd th~ ~anr for tM p}~xpa~a tMnM ~o~r+~d.
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~ WITN~~'11?i~ ~nd offklal aal tFas,_ ~d ,.e.,? ~ Fe_ ,arY . D. l9_~..
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~ Nots Publk in ~nd 1ot tFM oi Fbrid~ ~f L~rp.
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i F~. G:' ~ J A_;•' ~ . . • Not~1? Prb~ic. Shte ol Hoid~ ~t 1~0~
A~ N; p 6Cpres Da.18.1966
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W ~ •rF '~P _ o . . ~3359
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. <t M ~ ~ , . ~OOK ~ . ~
(i~ ~ ,~,~'o ~o ' ~ ~ 19bS FEB 25 AM' 9: 51 ~ ~ -
~ - ' . M'~ . ~ ~ V
~ ~ _ v ROGER POITRAS. CIERK ~
; ~i \ T,. w S. IUCiE COUNT., FLORIDA E+ ~ m
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