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Home My WebLink About1369 ~1 C ~ I ~ ~i , I~ 1 paicy or policles s~id MORTGAGEE shill h•~~e the option to nceive ~nd apply tne s~me un xcount ot the indebMdness secured herobv or m ~ permit s~id MOItTGAGOR5 M ntaive md usa !t or ~mr pirt thercof for other purposes without thereby waivinQ or impsiring my equity, lim or ri~ht under o? by virtue of this Mort~~e; and in the evant s~id MORTGAGQRS stnll for any reason hil ro keep the s~id premise~ ~ so inwred, or fail ro deliver pranptly iny of s~id polici~s of inwance to said MOR7WGEE, or f~i' prompNy to p~y iuliy An~/ premium thereFor, f w in my respett fail ro perform, distFwr~e, exetute, effact, wmplero, comply with and abide by this cover.nt, or ~ny put hereof, s~id MORT~ GAGEE m~y plKe ~nd pay (or suth {nsurinte a ~ny plrf Nxroof wifhout waiving w ~ffetting my opfian, lian, equity, or right ur~ler a by ~F virtue o( this Mortgage, ind the full amounf of each ~nd aw wch payment s1Mll be immedi~tely due and p~yable and shall be+r interest ~ from the date thereof until paid at the rate of six ~FY~ per cent per a~num and together with such interest shail be secured by the tizn of this mortgage. I ~ To permit, tommit or suffer rw wute, imp~irment or deteriorotion of said property or ~ny p~rt thereof. 5. It is hereby specifitaily agreed that any sum or sums which may be loaned or adwnced by the Morteagee to the Mortgagor at any rime aher the recarding of this indenture, together with interest thereon at the rate agreed upon at the time of such Iwn or advante, sh~ll be equa!ly setured with and have the same priority is the origirul indebtedness, ~nd be subjett to all the terms and provisions of this rrartgage: Provided, thut the aggreg~te ~mount of pri~ip~l oummding ~t an>> fime sh~ll not exceed an ~maunt eqwl to one hundred and fifty per cenf ~ (150%) of the principal amount originilly securcd hereby, I ~ ~ 6. To pay all md sinQular ihe cosis, chargas and expensas, includiog ~ reasonable ~ttorney's fee and costs of abstract of tltle in. ~ ~ curreci or paid at any time by said MORTGAGEE betause or in the evont of the failure on the p~rt of the s~id MORTGAGOR to duly, prornptly and fully perform, dixMrge, exaute, effett, tomplete, tomply with and abick by each and every the stipulations, agreements, conditions and covenanFs of said promissory nota and this mortg~te ~ny or either, md said costs, charges and expenses, e~ch ~nd every, shall be immediately due and payable; whethar or rwt the~e be notice, dern~nd, attempt to collect or suit pand'+ng; and the full amount of each and every such payment slull be~r interest from the d~to thereof until p~id at the rate of six and six-tenths per centum per annum; and ail s~id costs, tharges and expenses w incurred or paid, together with wth mterest, shall be setured by the lien of this mort~age. ~ 7. That (a) in the event of any breath of this Mortgage or default on the part uf the MORTGAGQR, or (b) In the event my of ufd I sums of rtaney herein referrcd to be not promptly and fully paid within thirty 1301 days next after the ume severally become due and payable, i without demand or notite, or (t) in the event wth and every the stipulations, argeements, tonditions and covenanis of said promissory note ~ and this mortgage any or eith~r are not duly, promptly ~nd fully perfomied, discharged, executed, effetted, tompleted complied with and i abided by, then in either or any suth event, the said aggregate sum mentioned in uid promissory note then rerrNining wpaid, with interest ' accrued, and all moneys secured hereby, shall become due and p~y~ble forthwith, or thereafter, at the option of wid MORTGAGEE, as fully and completely as if all of the said sums of rooney were originally stipulated to be paid on suth day, anything in said promissory note or in this Mortgage to the tnntrary not withstanding; and thereupon or thereaher at the option of said MOR7GAGEE, without rwtice or demand, suit at law or in equity, may be prosecuted as if all monies secured hereby had matured prior to its institution. I 8. That in the event that at the beginning of or at any time pending any suit upon this Morigage, or to foretlose it, or to reform ` it, or to enforce payment of any claims hereunder, said M~R7GAGEE shall apply ro the Court having jurisdiction thereof for the appointment ~ of a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular, intluding 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 specifically set forth and described in tne dranting and habendum clauses hereof, and such Receiver shall have all the broad and i 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 MORTGACEE, and without reference to the adequacy or inadequacy of the value of the I property mortgaged or to the solvency ar insolvency of said MORTGACAR or the defendants, and that such rents, profits, incomes, issues k and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. ' 4. To duly, promptly and fully 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, i i 1Q. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MOR7GAGEE, its successors and assigns, may, without notite to the M~RTGAGOR, deal with such successor or successors I in interest with reference to this mort~age and the debt hereby secured in the same manner as wiih Mortgagor without in any way vitiating or discharging the Mortgagor's liability hereunder ar upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore• ~ ' bearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured i given by the MORTGAGEE or its successoro or assigns, shall nperate to release, discharge, modify, change or effect the original liability of } the MOR7GAGOR hereio, either in whole or in part. ~ 1 l, It is specifiwlly agreed ihat time is of the essence of this contract and that no waiver or any obligation hereunder ar of the obligation setured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured hareby. IN WITNESS WHEREOF, the said M~RTGAGOR has hereunta set his hand and seal the day and year first aforesaid. ~ f i ~ Signed, 5ealed and delivered in presence of; ~ i , ~ °I ; , ~ ~ r ~f,~-,~,~.. ~'i~(. ~a.e,,(~- - A~., f' ~ . . . . . _ _ , _ . E - • ~ ' . i . . ~ - - . _ ~ _ ( ) ~ i , STATE OF FLORIDA ~ ~ 6 _ SS. ~ CQUNTY OF St. Lucie 1 i I ~ Fsefore me personally appeared JOHN.M._McCARTY. . .~1, 1 and ' - _ _ - 7 - LOU~SE F,_ .McC ARTY • ~ 1 _ his wite, to me weii known, and known to me to be.thd,tn~Niduals deqcH~,ed in ~ and who exetuted the fcregoing instrument, and atknowledged before me that they exewted ihe same for the: ~i?pe3es therein e~tpreSted. ~ : . _ ; ~ ~ ~ : _ ~ ~ - ~'~v~ ' WITNESS my hand and official seal this day of _ QU~~t - + ~12~~.' ' ~ : Notary Public, State of Florida at Large - a.'~~ ; ~ My Gommission Expires Sept. 17, 1966 ' . -7 a ~ C Bonded by American 5urery Ca of N.1', ~ - • ~ ~ " ' Notary Public in and for the St' of1~ ,~d}~t.~rY~c~~ (Notary Seal) My ccmmission expires. 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