Loading...
HomeMy WebLinkAbout1437 ~ . poUq or policies said MORTG/1GEE shall hsve ths optian b reoNw ~nd spply tne sams an account of the indebtedness sacund t~xebv or ro pe?mit said MORTGIIGORS ro reoetv~e and use tt or any pa~t thereof fa o~t~x purposes without iheroby waivin~ or impatrin~ amr equity. lien or riQht under or by virtw of thk Mortgsge; and in tM eve~t said MORTC^CrORS aMll fa any ro~son fail N keop ths said premises so inwred, or fail to deliver pro~r+pty any of said polkies of tnsura~oe to said MORTCAGEE. or hil pr~omptly to pay tuily any premium therefo?. or in any nspect falt w perform, dischi?ge, exocute, effoct, complete. tomply with s~d abide by this oovenant. or any put hereof, said MORT GAGEE may place and pay for such inw~ance or sny put thereof without waiving or affecting amr optian. lieo, oquity. or ~ight under or by virtue of this Mortgage. and ths full amount of each and every such payment sh~ll be irtmediately dus and paysbk and shall bear intercst from the date thereof until paid at the rate of six and yi~tenths pe~ cent per annum and bQethe~ with wch interest shall bs socurcd by the lien of this mortgage. nine 4. 7o pe~mit. commit or wffer no waste, impairment or deteriwation of said property or any part thereof. S. It is he~eby specifiwliy agreed tMt a~y sum or iums which may be loaned or advanced by the Mo?tgage~eee to the Mortga~o? at a~y rime after tha recording of this indenture, together with interest thereon at the rate agreed upon at the time of such loan or advante. shall be equally secured with and have the same priority u the original i~debtedness, and be wbject to all the temns and provislons of this mortqage: Provided, that the aggregate amamt of principal outstardi~g at u~y tlme shall not exceed an smount equal to one hund~ed and flfty per cent (15096) of the prlncipal amount originally setured hereby. 6. To pay all and sir?gular the costs, charges and expe~ses, including s reasorwbk attorney's fee and coats of abstract of Ntk in- curred or paid at any time by said MORTGAGEE because or in the evatt of the tailure on tF+e part of the said MORTGACOR to duty, ptomptly ar~d fully pe.fo~m, distharge. execute, effect, comptete, car~ply with and abide by exh and every the stipulations. agroements. co~ditio~s and covenants of said promiuory note and this mortgage any or either. and said coats, cha~ges and expenses~ each and avery. shall be ~mmed:'s;ey due and payable; whether or not ther+e be notioe. demand, sttempt to collect or wit,p4c~'i~g; and the full amow~t of exh and ( every such payment shall bear interest from the date thereof until psid at the rate of six and~ 14ss4Mlf per centum per snnum; snd all said ~ costs, charges snd expe~ses so incurred or paid. togethe~ with wch interes~, shall be secured by- the lien of thls mortgs~e. ~ 7. That (a) in the event of any breach of th(s Mortgage o~ default on the part of the MORTGAGOR. or (b) ln ths avent any of satd ~ sums ot awney herein referred to be not promptly snd fully paW within thirty (30) days next after the ssme severaliy becon~e due ar~d payabk, without demand or ~otice. or (d in the event each and every the stipulatiau. srgcements. conditioos and oo~venants of ssid pranissory note and this mortgage any or either are not duly. promptly snd fully performed. discharged, executed. eNected. compktod complled with and abided by. tF~en in either or any wch event, tfie said aggmgate sum mentioned in sald promissory note tF~ remalning w~p~aid~ with interost • accrued, and allmo~eys secured hereby, sF~all Ixcoma due and payable forthwith. or thereafter. at the optio~ of ssld MORTGAGEE, as tuly i and completeiy as if all of the said sums of money were originaly sNpulatad b be paid on suth day. soythi~g in said praNssory note a in ~ this Mortgage to the cantrary not withstanding; and thereupo~ or tF~eafter at the option of said MORTC/1GEE. wtthout notice or demand. suit at law w in equity. may be prasecuted as if all monies secured here~y hsd matured prior to its irntitution. 8. That in the evant that at the beginning of or at any time pending any wit upon tfiis P.~ortgage. or to forecloss it, or to roform it, or to enforoe payment of any clalms hereunder. said MORTGAGEE shall apply to tF?e Court having jwisdicNon thereof for the appoinm~mt of a Receiver. wch Court shatl forthwith appoint a Reoeiver. of said mortgaged prop~erty all and singulsr, including al! and singular the ~ntxne, protits. iswes and revenues fran whatever source derived. wch and every of which. it being exprossly understood, Is hareby mort- gaged as if specifitaly set forth and destribed in the granting and habendum clauses h8reof, and wch Reoeiver shalt have all the broad and effective functioos and powers in anywise entnnted by a Court to s Recriver. and such appointmee~t shall be made by wd~ Court as an admitted equiry and a matter of absolute right to said MORTG/1CEE. and without refe~ence to the adequacy or inadequacy of the value of the p~~~Y ~686ed or to the solvenc~r or insolvenc7r of said MORTCAGOR or the defendants. a~d thai such rents. proHts. incomes, lssuea and revenues shall be applied by wch Receiver according to the lien or epuity of said MORTG/1GEE and the prsctice of wth Court. 9. To ~duly. Pron'~PNY and fulb Pg~~+. ~scharge. e~cecute. effect. comPkte comply with and abide by each and every the stipu- lations, agreements, conditions and tovenants in said praNssory note and in tfiis mortQa~e set fath. 10. That in the event the awneahip of the mortgsged premises, or aMr part thercof, beoomes vested in a person other than the MORTC/IGOR, the MORTGJIGEE, its wcceuors and auigru. may~ witFaut notice to tha MOR7GAGOR, deal with such suooessor or wccessoa in interest with reference to this mortgage and the debt hereby setured in the same manner u with Mortgagcx without in sny way vitiating or distFwrging the Mortgsgor's liabllity he~eunder or uipon the debt F~ereby secured. No sate of the premises hereby mortgaged and no fore- bearance on tl~e part of the MORTGAGEE or its s~xcessas or assigns and no extension of the time for the payment of the debt hereb~r secured given by the MORTGAGEE or its successors or assignx, shall operate to release. dixharge. modi(y. cFunge or effect the originai liabiltry of the MORTGAGOR herein. either in whole or in part. I 1. It is specifiaUy agreed that time is of the essenoe of this oontnct and lhat no walver or sm obligation F~ere~u~der or of tM obligation secu??ed he~eby shsll st sny time theresfter be held to be s waive~ of the terms he~cof or of the instrument sewrod hereby. IN WITNESS WHEREOF. the satd MORTC/1GOR hu he~to set his Fw~d and se~al ths dsy and yesr flnt sforesaid Signcd. Sealed and detivered in presenoe of: ~j -`C.t...._Zr: . ~ , „ N i ; _ ~ ? GfO. - - V i - y - - ~ - - -s,~~u--~s~?u ~ sT~ E oF ~ww ~ ~ courvrir oF St.~Lucie ~ CLYDE LE ~ ',~~.n,? ,~.ee _ ____~KiL-B ~ ,.~a ~ -=~Ja~a~P~i~f~€. KILL..ER his wife. to me weu lu,o~w~,, snd k„own to me to be t+,e individu.ls daaibed in ~ t aad v~+b , r,~th~: .fote~ir~ irutnmient, and xknowled~ed before me that tt~ey e~cecutsd the ssn~e for the purpos~s theroin e~res~sd. , ~ - = : . . ~ . _ . ; UI/~t~ hjnd and offkisl sesl tMs!~'"~ ~h _a~? ~_.~_~pte r--- . A. D. 19_~~, ':f ,~~-I~t~rvt 1~}~G;:~Statt of Floridr :t Urye , I' Mf? Co~tsioi~ ~~es ?~lay 13. 1970 ry P~bl in ana fo. tfi~ sate of F sc La.~.. a c.r.w„ ca MY .xpires: '~'~~otary Publ~~".~ ~ . - . ~ A ~ ~ w __~o " ~ W - ~ILED AND Cp e _ Z a~ ST. LbCtE C0~ F- ~1 Q Q ~ o ~ x R E C O RD VER~ I F j A~'' m = a ~o ~ ~ w - ~ > ' ~ a~o ~ ~ ° a Q ~ ~ 66 SEP 20 P~! Z : 00 ~ ~ ~ ~ ` v ~ d, ~ ~ Z ~ Ro 148~8$ H ~ ~ ~ ` ; _ A R POITRA9 ~ ~ ~ ~ ~ ~ ~c t~..l < o Q ~~RK CIRCUIT COURT f~ m ; E"'~ - , ~ ~ ~ ; ; . ~ ~ ~ ~ o015 235 ~ ; t ;4.~ ~ =~'n~ y:~ _ ~