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Home My WebLink About1949 , palq a poUcies said MORTGAGEE shall have the opNon to reoeiw and ~pp1y tM same on sccount ot tf» indebtedness securod 1+Kebv or n? permit s~id MORTG/1GORS to receive and use it or ~ny part thereof for othsr puq without theroby waivini o~ impiirir~ snY equify. ' lie~ or right under or by virtue of thts Mortga~: and In ths eve~t said MORTCJ~?t'A~RS shall for sny rosson fsil to keep the said w inwrod, or fsll to deliver promptly any of s~id policies of i~suance to saW MORTG/1GEE. or fail prompty to pay fully any premtum tl~ie efo s o~ in any rospect fail to pe?form, ~uF+ugs, exatute. ~ffect, oomplete, comply with ar~d ablde by this oovenant. or sny part heroof, saW MORT ~ GAGEE may plaoe and pay for suth inwnnoe or any pa?t th~oeof without waivi~g or affetHng any option, Usn. equity, or right ~xxier or by ~ virtue of this Mortga e, and the full amount of each and every suth payme~t shall be imrnediately due and payabb and shall bear interosf i trom the date thereo untll paid at the nts of six and ~ths per ce~+t per annum a~d toQether with such interest shall bs secu~ed by th~ lien of this rr?Mtgsge, ~~a, 4. To permit. commit or wffer no waste. impairment or deterioration of said property or any pa?t the~eof. 5. It is hereby specifically agreed that a~y wm or wms which may be loaned w advanced by the Mwtgagee to the Mortga~w at arty time after the recording of this indenture. together wtth interest thereon at the rat~e agreed upon at the tlme of wth loan or advsnts. shall be equally secured with and have the same priority as the origina) indebtedneu, and be wbject ro all the tenns and provisions of this mortgsge: Provided, that the aggregate amount of p~incipal outstanding at a~y t(me shall ~ot exceed an smamt nqwi to one hwdrcd and Hhy per tent (i50~i) of the principal amount origi~aly secu?ed he?eby, 6. To pay all and singular the costs. charges and expenses, including s reasonable attor~r's fee snd casts of a~tract of Htk in- curred or paid at any time by said MORTCtAGEE betause or in the avent of the failu~e on the part of the said MORTGAGOR to duly, pranptiy and fuliy pe?form. discharge, execute, effect. complete, compiy with a~d abide by esch and every the stipulatiau. agreemer?ts. condiNons and covenants of said promissory note snd this mortgage ~ny or either. and said coats, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice, demand, attempt to collect or wi ~p g; and tM fult amount of each and every such payment shall bear interest from the date theroof until p~id at the rate of six andX~~i~i4~i"s per antum per s~num; and all said costs. charges and expcnses so incurred or paid, together with wch interest, shall be secured by tha lien of this mortQs~e. 7. That (a) in the event of aM/ bresch of this Mortgage or default on the part of the MORTG/1GOR. o? (b) in the event any of said j sums of money herein referred to be not promptly and fuily paid within thirty (30) days naxt ake? the same severaly beco~ne due and psyabk, f without demar~d or notice, o? (cJ in the event each and every the stipulations, argeerr~er~ts, ca~ditia~s and oovenants of said promissory note and this mortgage any or eitF~er aro not duly. poanpty and fulh pertormed. discharged, exewted. effated. ~ompteted complied with and . abided by, N~en !n either or any wch event. the said aggregate wm menHoned in ssid promissay note than ~~rt~sining unpatd~ with tnterost acc~uod. and allmoneys secured hereby. shall become due and piyable forthwith. or thereafte~. at the optia~ of said MORTCJIGEE. as fully and completely as (f all of the said sunu of mor?ey wero originaNy stipulaced to be paid on wch dsy. anything ln said qomissory note or in rh;s Mortgage to the contrary not withstanding; and thereupon or tF+ereafter at the option of s:id MORTGAGEE, witfiout rwtiae o? demand, suit at law or in equiy. may be pro5etuted as if ali monies seourod hereby h~d matured prior to ifs institutioe. 8. That in the event that at the baginning of or at any time pending aoy wit upon this Mort~sge, or to foreclose it. or to mform ! it, or M enforoe payment of amr claims hereiu~der. said MORTG/RGEE shall apply ro the Court hsving jurisdiction thereof for the sppointrr~+t ~ of a Receiver. wch Court shall forthwitfi appoi~t_a Receiver, of said mortgaged properry all and singulsr. including all and singutar the ~ inccYne, profits, iswes a~d revenues from whatever source derived, each and ev~ery of whith. it being exprossly wKle~slood. is hereby mort• gaged as if specifically set forth and described in the granting and habendum tlausex hereof. and wch Reoeiver shall have all the broad and i effective functions and powers in anywise entrusted by a Court to a Receiver. and wch sppointment st?all be made by such Court as an admitted equily a~d a matter of absolute right to said MORTGAGEE. and without reference to the sdequaty or insdequscy of the value of ths P~~Y ~6aB~ o? t~ the so~vency or insolvenq of said MORTGAGOR or the defendants. ar~d that wd~ ~ents~ profits. incwnes, issuea and revenues sha~l be applied by such Rxeiver aocording to the lien or equity of ssid MORTt;AGEE and the practice ot wd~ Court. 9. To duly. promptly and fully perform~ dixha?ge. execute, effect, complete compfy with and abide by each and every the stipu- lations. agreee~ents, conditions and tare~~ants in said pranissory ooM and in tfiis mortQa~e set forth. i 10. That in the event the owr~orship of the mortgaged pran;ses, w any part thereof, beoomes vested in a pe?sa+ other than the MORTG11CrOR~ the MOQTGAGEE, its wacessors and auigns~ may, without notite to the MORTGAGOR, deal with wd~ wocessor or wooesson in mterest wnth referenae to this mortgage and the debt hereby sewred 'en the same manner u with Mortgagor without in any way vitiatir~ or dischsr~ing the Mortgagor's Itability herowder or upon the debt hereby sewred. No sale of the premises hereby mortgaged and no fore. beara~oe en the part of the MORTGAGEE or its successors or assigrts and no extension of the time for the psyrr~ent of the debt hereby sxured give,n by the MpRTGAGEE or Its successors or assigns, shall opente to release, discharge. modify. chsnge or effect the origi~al lisbiliry of the MORTC/~GOR herein, eitF~ in wFwle or in part. - 11. It is specifiplly agreed that time is of tfie essence of this contract and that no waiver a any obllgaNon hereunder or of the obligation secured hereby shail at anyr time thereafter be held to be a waiv~er of the terms hereof or of the instrun~ent socured hereby. IN WITNESS WHEREOF. the said MORTG/1GOR hu heneunro set hIs hsnd and saal !hs day snd year first aforesaid. SFgned. Sealod snd delivered in presence of: - , • - - - _ _ - t5E/1U , ~ - - - ~ ` ~ ~ - (SEAU STATE OF FIORIDA ~ ; St. Lucie ~ ~ couq~r o~ . , ;~ti~~a:tilli1ji i ~a~. .~,~,~„a tOHN M_~IcCARTY ~ ~~,a ~ CARTY r~ ~ m. ~u ~,a w,~, w r~ ~ ~ ~,a~~ ~~a ~ ; saa~.~v1~a,.~.Q,~ K•~k~ lnstrument, and adcnovr{s~d bsio?e me th.t the,, exttutcd the same for the py?posas therein ~ros~a. ; _ , . . ' ' t ' - ; . : • - : : ~ . t_ . ; . . . - . i :~~~ttN~,~+v~>and ~.i ~..i ~____--~--3 d•,? ~----~ptember o. ~s__~f~. _ . ~ r U ~ t: ~,ti~' ` ? f n.~~~ Notsry Publie in snd fo? tht Shb of Ftorida at Lar~e. ~~~~''lf~,,.~U~ib~`~`'y Fublic) ~ ti+r oorm,+sston .~?a:~/ - ~ Z - G A . W ~Z w C.7 FILEO AND R~COROED A Z Q Z ST, LUCIE COUNTY. FLA, . ~ Q z R~CORO VERIFIED ~ ~ ~ a » ~ o ~t~ ~ m ~ » ~ w ~ ~ 'Ss [?~T 3 AN ' ' V~ oMo ~ Z ~ x ~ ~ - 'Q ~ ~ ~~22 . ~ 'd °C ° a a ` pq _ W a Z ~ itOG~"R ?•OIiRt,S ~"i ~ ~ -~w- Z ~ CI.ERK ~IRCUl7 COURT ~ ~ ~ Fy - < A ~ m ~ ~ ~ ~ O ' ~ ~ . aoacl~ tl?~ . ~s.~i ~ ~ ' f"k fa S ' . ~ -.~7 ~r~; z ' :t~LL.r: ~'d