HomeMy WebLinkAbout1299 It is agreed thut the said mortgagee , may pay any ~u»w o/ money that ahould have been
puid by the mortgagor a, under the crvenanta herein contained, u»d aR such mo»eys so paid
shall bear interest at th4 rute of 6-1/Z per cent per annum from date so p4id, and shaA
be secured by the lien of this mortgage; but no payment by the mortgagee of any sum oJ
mo~:ey as herein provided shall be deemed a waiver of ita right to declare the pri»cipai
sum due by reaso» of the defauit, breach, a, violaticwn of the mortgagor S,«s herein specified.
Should foreclosure proceedings be instituted hereunder on account of any breach or viola-
tion of the covenants here contained, ;t ~s oovenanted thatt the mortgagee , shali have the
right, without notice to the mortgagors , to muke appiicativn for and to have a receiver appointed
to take possessian of and manage and control the mortgaged property pending forectosure pro-
ceedings, fvr the purpose of re~it~ng, preserving, or protecting the same and applying the net in-
come fherefrom to the preservation and protectirn of the mortgaged property and to the payment
of the mortgage indebted~:ess in such manne~ as the court moy direct.
It is dist~inctly understood, covenanted, and agreed that the term.~ "Mortgagor and
"hiortgagee " herei~i emplo~ed shat be constr'ued to include the words "heirs, Iegal rep~-e-
sentatives, successors a~rd/or assigns," of the respective ~art4es hereto, wh.ertever and wherever
the co~itext so admzts or reqliires,
In T~VIT~1lESS W~EREOF, the mortgegor s hase herezcnto set Lhe ir hand a and
seal s the day a~:d year first above written.
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+J Wallace
S' ie seuled and delivered in the presence of : 1~~~ --(Sea1)
Ruby M Wallace
--------(Seal)
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, > ----------~E~Q ---(Sea1)
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I . ` _ FOGE~. : ; ~:;LcRK
` ~ - ST. ~LUC?c, COUN~Y•
~ " . . _ ~ ~ FLORIDA
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STATE OI~' 1~LORIDA, Z
~ ss.
COUNTY OF ST. LUCIE S
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I HEREBY CFRTIFY, That o~t this 23rd day of February ~ , A. D. 19 6b ,
before me, the undersigned authority, personaIly appeared J. T. Wallace
and R uby Mae W allace h~ 6
, ~f ,
~ knacn to me to be the ~ersons described ~sn and who executed the foregoing instrument, a~d
~ severnilJ acknoivledged the execution thereof to be their free act and deed for the usea
~ and purgoses thereen mentioned. And the said Ruby Mae Wallace
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~ the zoite of fhe sairl J. T. Wallace , on an ~
~ axa~:t~nati~a tak~n ar.d rr~ade separatety and apart from her husband, acknaoiedged thctt she
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m~de herseif a party to tl,e said instrument for the p~eir~oses of renouncing a~ed relinguishi»g '
~ hcr dotcer and rights oj ~'o.~~er a~ut canLCying her separate estate an and to the tands, tencments,
~ a~v-~ hercditamenfs therein ~escri3ed and thereby granted and released, and that she executed
E;; sa:~ iiistrument f reely an.~l voluntarily, and seithaut any compulsian, eonstraint, appreh.ension,
~ or jeer of ar fro~i her said husband. ~
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WITNESS nz~.~~hd~i~l'd~nc~ b(~iuZ seai the date aforesaid. ~
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~ ~ ; j~~t Notary ublic, State of Florida at Large.
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