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Home My WebLink About2613 poiity or policies said MORTGAGEE shall have the optior: to rouivs and sppry tne sams on atta+nt of ths indebtedness socu~ed hercbv or m pemnit said MORTCJIGORS to reteive and use it or sny psrt thereof for otfier pu~poses without thereby waiving or impairir~ aoy equity. lien or right under or by virtue of this Mortgage; and i~ ths event ssid MORTGAGORS shsll for a~y reasor? fail to keeP the said prem~ses ; su inwred. or fail to deliver promptly any of said policies of inwrance to sald MORTG/~GEE, or fafl prort+ptly to psy tully any premium therefa?. ~ or in any respett fsil to perform, dixharge. execute, effect. complete, comply with and abide bY this ooverwnt. w any part herecf. ssid MORT GAGEE may piate and pay for wch inwro~ce or a~y part tF.eteof without waiving or affetting aoy option, lie~. equity. o? right under or by ~ virtue of this Mo~tgage. and the full amount of esch and ewwy s~xh payme~t shall be immediately due and payabb and shall besr interest fran the date thereof untfl paid at the rate of six snd six-te~•ths per cent per annum and togethe~ with such interest shall be secu~ed by tM lien of this mortgage. 4. To pemnit. tommit or wffe? no waste, impairment or deterioration of said property w any part thereof. 5. It is hereby specificaliy agreed that any wm or wms which may be loaned or advarced by the Morfgagee M the Mo?tgagor at any time after the retording of this indenture, together with interest thenwn at the rote agreed upon at the time of wth loan or advante, chall be equally secured with and have the same prioriy as the originat indebtedness. and be wbject to a:l the temns and provisions of this nwrtgage: Provided. that the agg~egate amamt of principal outstanding at sny time shall not exceed an smount equal to one hundred and fifty pe~ cent :15096) of the principal amount originslly secured hereby. , 6. To pay all and singular the costs, charges and expenses. including a ~easonable attomey's fee and costs of abstract of title in- ; cur~ed or Wid at any time by said MORTGAGEE beause or in the eve~t of the failure on the part of the said MORTGAWR to duly, promptly a~d fully perfurm. dixha~ge, execute, effect, complete. comply with snd abide by exh and every the stipubtiau. agreements, conditfons ~ and covenants of said promissory note and this mortgage ar?y o~ either. ar~ said casts, tf?argas and expenses, each snd every. shall be , immediately due and payable; whether or not there be r.otite, demand. attempt to collett or suit pending; a~d the tull amount of each and every such payment shall bear interest from the date thereof until paid at the rate of six and six-teoths pe~ centum per annum; and all said costs, charges and expenses so ~ncurred or paid. together with wch interest, shall be secured by the lien of this mortgage. 7. That (a) in the event of any breach of thfs Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of said wms of money herei~ referred to be not promptly and fully psW within thirty (30) days oext after the same severaly become dus and C`yable. ~ without demand of notice. w(c) in the event each and every the stipulations, argeeme~ts, conditions snd covonsnts of said promissory nott ~ and this mortgage a~y or eitF?er are not duly. promptly and iully performed. discharged, exetuted. effetted, tompleted complied with ~od ~ abided by, then in either or any such event, the said aggrogate wm mentioned in saW promissory note then rematning unpatd. with interest sccnxd. and all rnoneys secured hereby. shall became due and psysble forthwith, or thereaher. at tM option of said MORTG/?GEE. as fully ~ and cnrnpletely as if all of the said wms of rtanay were originally sHpulated to be paid ao such dsy. anything Fn sald promissory note o? in this Mortgage to the contrary not withstanding; and thereupon or thereafter at tha option of said MORTGAGEE, witFaut notite or demand. wit at law or in equity. may be prosecuted as if all monies setured hereby hsd mah+red Prie? to its insNtution. 8. That in the event that at the begiming of or at any time pending any suit upon this Mo?tgage, or ta fontfose it, or to reform it, or to enforce payment of any claims hereunder. said MORTGAGEE shall apply to the Court having jurisdiction thereof for tha appointment of a Receiver, such Court sFr~ll forthwith appoint a Receiver, of said mortgaged property all snd singular. including all and singular ttie inc~ne~ profits, iswes and revenues from whatever source de~ived, each a~d every of whith, it being expressly undersfood. is heneby mort- gaged as if specifically set forth and described in the g~anting and habendum clauses hereof. and such Receiver shall have all the broad and effective functions and powers in anyw+se entnnted by a Court to a Receiver. and wch appointment shall be made by wd~ Court as an admitted equity and a matter of abaolute right m said MORTGAGEE. and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants. and that wch rents. profits. i~. iswea and revenues shall be applied by wch Receive~ according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly. promptly and iully perform, discFwrge. execute, effect, complete comply with and abide by each and every the stipu- lations, agreements. corditions and covenants in said promiswry note and in this mortgage set fwth. ~ 10. That in the event the owne~ship of the mortgaged p?emises. or any part thereof, becomes vested in a person other than the f MORTGAGOR, the MORTGAGEE, its wccessors and assigns. may, witFaut notice b the MORTGAGOR, deal with wch wccessor or wccessors ~ in interest with referente to this mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiattng or discharging the Mortgagor's Iisbiliry hereunder or upon the debt hereby secured No sale of the premises hereby mortBaged ar+d rw fore- ~ beararxe on the part of the MORTGAGEE or its sutcessors w sssigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successoa or assigns, sF+all operate to release. discharge, modify. chaoge or effect the original (iabiliN of the MORTGAGOR herein. either in whole or in part. 11. It is speciHcally agreed that time is of the essence of this contract and that no waiver or any obligation here~u+der or of the obligation secured hereby shall at any time thereafter be F+eld to be s waiver of the terms hereof or of the instrument seaired hereby. IN WITNESS WHEREOF. the said MORTGJIGOR has hereunto set his hand and seal the day u+d year first aforessid Si~ned. Sealed and delivered in presence of: ~ ~ j~U.. . _ _ e. ~ ~ . ` { i , . E/~U ~ ' v -----t'°'~''~-~~~ - - - -a- - • ; - - ~ ~ - - - - - - '~GL~.~_(SEAU : l~---- lZr~~ ST/1TE OF FLORIDA ~_St. Lucie ....:~.,v~~o~,.ih FRED V. BALLOU ~F;,, BALLOU_^__ hi: to me well krwwn. snd krwwn to me to be the individwls desc?ibed in ~ a~ exKUhd A~e=tOr~oin~ instrwnent. and acknowled~~ before me thst they exetuted the same for the purpoaes theroin expres»d. € , • .ti =`~1~•`'~,j•~~`~~J::, r _ ~ . ..WCl.r1ESS -my hr~ ilnd officisl seal this--. - dsy of------------ - tO~t - p. ~ 9_66 _ ; _ . - - G ' ~ U,,~l . : ~ • ; f;. : ~ . Notary Publk in a~d far the Stste of 'da at Lsrge. ve:' . My ooexr~iuion e~ir~s: "~•,,-f . ;:,ti~..~~Totary Public~ NOTARY PUBLIC.STATE ot FLORIDA at LARGE . y~ MISS~ I~'EJ~et~~ir.DE~ ~ i A ~ w t/~ Z ~ fN.EO AND iiEt~RDE~. W Z a i 8T. lUC1E COUNTY, flA.' A A ~ o v Z RECOP.O VERIF ~ ~ M o = Q » ~ O Q',~`r" m ~ W : ` ~ ~ + ~ ~ o _ a Z~ ~ 66 OCT ~ 1~ 324 8 H _ ~oa a 49 ~ ~ W-~ z V ^ P, t~017RAS ~ ~ # A Z o W ~LERK CIRCUIT COUR7 E~~ ~ ~ ~¦1 < A ~q m ~ ~ ~ ~ s OOK 5~ PACE 212 . ~ ~ . - ~ ~y~