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Home My WebLink About0314 policy or p~;;c,es ,a,d MC)RTGA~_t shail have the uption to recei~e and appty tne same un account ot the indehtednass secured herebv ~r perrnlt said tv10RTi:,AG9i2~ ro rcceive and use it ur any part thareof for other purpescs without thereby waiving or impairing any equity. lien or right under or by ~i~iue of this Mortgage; and in the event said MORTGAGt~RS shall for any reasan fail to keep the said premises so in;ure~, or fail to uzliver premptly any of said poiicies of insurance to said MOR7(:AGEE, or fail promptly to pay fully any premium theretor, or in r.ny respect fai~ to perfurm, discharge, e~:etute, effect, comp'ete, ;omply with and abide by this cov2nant, or any part hereof, said MOR7- • .r,AC;EE rn~y place and pay for such insurance or any part thereuf without wa:ving or affeCting any option, lien, equity, or right unde~ or by viriue of thi; Mortg:~ge, and the full amount of eath and every suth paym~nt sha~l be immediately due and payab~e and sha11 bear interest irom the date thcre~f until paid at the rate of six and ~GXtenths per cent per annum and togeti~er with such interest shall be secured by tne lien o~ t~~s ~„~~,~aae. nine 4. To permi:, commit or suffer no waste, irnpairment or derer+oraticn of s~ici property or any part thereof. I' It is hareo s ecitica!i a reed that any sum or sums whieh may be !oaned or advar,ced by the Mortgagee to the h1ortgagor at any f Y P Y S time after the record~ng of this indenture, together with in;eresi thereon at the rate agreed u{wn at the time of such loan or advance, shall be ~ equ~lly setured with and have the same piiority as the original indebtedness, and be subject to all the terms and provisions of this mortgage: Provided; that the aggregate amount of principal outstanding at any time shall not exceed an amount equal ta one hundrd and fifty per cen! f 1150°~) of the princip~l amount originally secured hereby. ! 6. To pay all and singular the costs, charges and expenses, inciuding a reasonable atterney's fee and costs of abstract of title in- f turred er paid at a~y time by said MORTGAGEE be~ause or in the event of the failure on the p~rt of the said MORTGAGOR to du!y, prornotly E and fully parf~rm, discharge, execute, effect, tomplete, 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 tosts, charges and expenses, each and every, shall be immediatefy due and payable; wh~ther or not there be notice, demand, attempt to cullect or sui~ ~l,ing; and the full amount of each and every such payment shall bear interest from the datz thereof until paid at the rate of six and ~t-enihs per centum per annum; and all said costs, charges and expenses s~ incurred or paid, together with such interest, shall be secured by the lien of this mortgage. 7. Thr.t (a? in the event of any breach ot this Mortgage or default un the part of the MORTGAGOR, ar (b) in the event any of said ~ sums of ineney herein referred to be not promptly and fully paid wilhin thirty (30) days next after the same severaily become due and payable, without ~emand or no!ice, or (c) in the event each and every the stipulations, argeements, ~onditions and covenants of said promissery note and this mortgage any or either are not duly, prorr.atly and fully performed, discfiarged, exetuted, effetted, completed complied with and abided b~•, then in either or any suc?~ event, the said aggregate sum mentioned in said promissory note *.hen remaining unpaid, with interest accrued, and ali moneys secured hereby, sfuli become due and payable ferthwith, or thereafter, at the option of said MORTGAGEE, as fulfy and completely as if all of the uid sums of money were originally stipu~ated to be paid on such day, anything in said promissory note or in this P~tortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at la~n~ or in equity, rnay be,prosecuted as if all monies secured hereby had matured prior to its institution. f 8. That in the event thai at the beginning of or at any time pend~ng any suit upon this Mortgage, or to foreclose it, or to reform E it, or to enforce payment of any claims hereunder, said MOR7GAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Reteiver, such Court shall forthwith appoint a Receiver, of said mortga~ed property all and singutar, including all and singular the income, protits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mort- gaged as if specifically set forth and described in the granting and habendum clauses hereof, and suth Receiver shall have all the broad anA effeciive funttions and powers in anywise entrusted by a Court to a Recei~er, and such appointment shall be made by such Court as an admitted equity and a matter of absolute righ; to said MOR7~AGEE, and without reference to the adequacy or inadequaty of the value of the property mortgaged or to the solvency or insolvency of said MOR7GAGOR or the defendants, and that such rents, profits, incomes, iss~e~ 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, promptty and fully perform, dischacye, execute, effect, complete camply with and abid~ by each and every the stipu- I~tions, agreements, cenditions and covenants in said promissory note and in this mortgage set forth. 10. 7hat in the event the ownership of the mortgaged premises, or any part tnereof, becemes vested in a pcrson other than tF,e MIGZTGAGOR, the MORI"GRGEE, its successors znd assigns, may, w~thout no;ice to the M~RTGAGOR, deal with such successor or successors in interest with referente to this mortgage and the debt hereby seCUred in tne same manner as with Mortgagor without in any way vitiating or u~ischarging the Mortgagor's liabiliry hereunder or upon the debY hereby secured. Ne sale of the premises hereby mortgagad and no fore- bearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment ot the debt hereby secured gie~en by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify, Change or effect the origina) liability of the Iv10RTGAGOR herein, either in whe!e or in part. 1 t. It is specifitally agreed that time is of the essence of this contract and that no waiver or any obligation hereunder or oE the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof ar ~f the instrument secured hereby. !N VJITNE55 WHEREOF, the said NlORTGAGOR has hereunro set his hand and seal the day and year first aforesaid. Signed, Sealed and delivered in presence of: f ~ ~ - - / ! ~ ` J r (SEAIJ - - - . ' - / ~ ! _ En~ < + r - _ . ~-f'/..1 .yt,.._ L L~-~ '~.ss 1 - - + - - J- ~ <.i- f--- STATE OF FLORlDA ' ~ St Lucie ss. couN-n~ o~- - ~ - - - J Before me Pe~sonally appeared ---------~-'-~T.-~,~--~L~E_ an,i QDE_~J___~J__t~__D~LC~-- his wife. to me well known, and knawn to me to be the inc~6vidy,sl~ dtSGi't~d ~irt~ and who exeCUted the toregoing instrument, and acknowledged betore me that they executed tha same for the p~uposeS' t~+areill~.expresfe~ . r, + ~ : ~ ~'~.7 W17NE55 my nand and offitial seal this~~~~------- day of .~a~.-- ~ A; D.,19~~,. r f lf . ~ ' ' ~ • 1..~ ~J\ l~E:. ~i~ ` ' ~ra-:• ~ ,,;~„t~~,;; / Notary Pub~in and or th f Ftorida at ~ e.~ ~NOtaxy,S~al} My cvmmiuion e~irrs: ~ s"'~~_ ~ - ~ ~ ~ > .C~~~/`. I ~ ~ - ~ ; ~ . ~ . ~ ~ ~ W . , f~°- ~ ~ FfLEQ AND RECORDED ~ ~1 ` z a z ~ ~ j 0 0 t~ A A ~ I ~ 'i, ^ ~ ~ p Z i ~ i ~~~t~t~-`~~ ~ , - ;-fa~~ fc~~~~, o ; ~ '65 i' 2 0 PM 2: Z I ~ ~CL~ ~ a ~ ~ I ~ ~ r- , ,t r- ~ ~ ~ ~ z i I a.~ J i. a.3 ~ V ~ F, ~ o d ` ` I ROST.rLU J~ CLCf~K x~~ ~ W., ~ i C E C~UNTY. E+ ~ x ~a , Ca I I FLORtpA ~ ~ ~ ~ ~ ~ ~ , w z p ~ ; ~ ~ ~ ~ ~ i I + ~ ~ ~ ~ I ~ na ~ _ ; ; g~~~ 118 312