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Home My WebLink About1618 ~ i paky or policies s~id 'MORTCAGEE ihall F?av~e t1+s option to ~ecsiv~e and apply tne same or, acrount of tht ;ndebtedness securod M~sb~, e~ ~ perrt?it said MORTG/iGORS to receive uxl use it or u+y put t~eof for other purposes wethout thr~sby waivin~ or impairi~ aey ec~uit~r. ~ lien or ri~ht un,ier or br vi~tue of this MortQagt; ~u~d in the evaet ssid MORTG/1GORS sh~il for any roison fail to keeQ the said przm:ses so inwred~ or fail to deliYSY promptty any of said policies of i~ua~os to said M4RTGAGfE. or fail pranpNyr to paY ~~N anY R'~~ ~~e~. ~ cr i~ any respttt fsi! to perfam, disd~rge, execute, effeet, complete. Coe+p1Y with and abide by thi; oavenant, or any part hereof~ said MORT GAGEC may plsoe and pay for such inwranc@ pr any part fhereof withotst wairiog or affeCti~g any option, lien. equity. ot right ~xdu or by ~ virtue of this Mvriga~. and the full aa?ount of wch and ev~e~y wch payr~x;nt ~hsll be imrnediately due snd payable and sha{I bsar interest fron~ the date thor~f until paid at the nte of six an~ic-tenths pe~ ce~t per annum and toeethcr with suct~ interat shall be secu~ed by ths j Iien of this rtwrtgage. Rg - ~ 4. To permit~ commit w wffe~ ~o waste, impairment Q? deterioration o( said p~operty or any part thereof. ~ S. It is hereby specifically ag~eed that any sum ~ wms wh;ch may pe loaned or advanced by the Mortgagee ro the Mortga~o? at arhr r~me after the recording of this indenturo, together with interest thereo~ at the rate agreed upon at the time of such loan or advance, shatl be equally sccu~ed with and have the sar.~e priority ss the original indebte~ess, and be wbject to a11 the Mrms and provisions of this mortga~ Provided, th~t the asg?egate amotx+t of principal outsta~xiin6 at sny time shal! nat exteed an a.nar~t equal to one hund~ed and fihy per oent ~ (150%) of the p~incipal amount wiginally sccured hereby 6. To pay all and singula~ the cos!s, charges and exp~nses, ir~cluding s reasonable atto~~ey s fec and costs of abstract of Htk in- + curred or paid at any time by said MORTC,AGEE because cr in the event of the failu~e on the part of the said MORTGAGOR tc+ duly, promptly and fully perform. discharge, r+xetute, efiect, compkte. camply with snd sbide by eath and every tfiG stipul:tions. agreen~nts~ cord'itions and cove.~nts of said promissory note and this mortgage any or either~ and said costs. charges and e~enses, eacF~ and every. slvll be ~mmediatey due and payable; wi~et~er or not there be notice, demand, atternpt to collett w wit ~~y~g • and the full amount of each and every wch payment shall bear interest f~an the date thereot until paid at the ratc of six and ~~1~!l~ff?~'pe~ centwe per amum; and atl said costs, tharges and expenses so i~curred or paid. together with wth interest. shatl be setured by the (ier~ of thls mottQag~ ! 7. That ta1 in the event of aM? bn+ach of this Mortgage or defautt on the part of the MORTG/1GOR. or (b) irt the event ariy of saW sums of rna~ey herein refarod w be not promptly and iully paid within thiry (30) days next sfter tha same sev~enlly become due and pa~abfe, ~ without dema~d w notice. or (c) in the event each and every the stiputatio~s, arge.emeots, cooditions and cov~ants of said {uomissory notQ ? and this mortgage any or either are not duly prorriptly and tu!!y perforrt~ed, discha~8ed, executed. effectecf, compkted complied with snd abidcd by. then in either or any such event. the said aggregate wm mentia+ed i~ said promissory note then remaining unpaid. with interest accrued. and all moneys secured henby. shatl beoane ~due and paysble fathwith. or thereafter. at the option of said MORTGAGEE, as fully ~ and canpktely as It all of the said wms of money were originally stipulsted w be paid on wch dsy. anylhing in said prc:n:sso.y note or in this Mortgage to the contrary oot withstarxliog; and thereupon or tl~eaher at the option of saicf MORTGAGEE, without notice or demand~ ~ wit ai law or in equity. may be prosecuted as if all monies securcd heteby had matured prior to its institution. 8. That in the event titiat at the begimiog of or ai sny time pending any wit upa~ thjs Mortgage. ar to forecloss it. or to reform ; it, or to enforce payment of ar~y claims hercunder, said MORTGACEE shail apply to the Court hsving jurisdiction thereof fw the sppointmmt ~ of a Receiver, such Court shall forthwith appoint a Receiver. of said mortgaged property atl and singular. inclufing al) and stngular ti~e ~ 1nc~ne. protits, is.wes and revenues from whatever source derived, each ard every of which. it being expressly understood, is hereby mort- ~ gaged as if specifically set fwth and described in the granting and habe~dum clauses hereof. and such Receiver shall have all the broad and ! effective iw:ctioru and pow~ea in anywise entnnted by a Court to a Receiver, and wch appointment shall be made by wrh Court as an admitted equiy and a matter of absol~te right to said MORTGAGEE, and without referenoe to the ade~wcy or i?~adequa~y af the vatue of the P~aPe~tY mo~t8a6~ a~~ so~venty or insolvency of said MORTGAGOR or the deferxlants, and that wth rents, profits, ir~corr~es, issuea and revenues shs9 be appl;ed by wch Receiver acc,ording to the lien or eQuiy of said MORTGAGEE and the practice of wch Court. 9. To duly prorr~ptly and fully perfor~n, d"ischarge, execute, effect. c«nplete c«nply with a~d abide by each a~d every the stipu- lations, agreerrie~nts, conditians and covena~ts in said promissory note and i~ this mo.tgage set forth. 10. That in the event the ownership of the rtwrtgaged premises. or a~y part thereof, becomes vested in a person otner than the MORTGAGOR. the MORTG/IGEE, its succeswrs ard auigns. may, w;thout ratice to the MORTGAGOR. deal with such suocessor or woceuors ` in interest with reference to this mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating f or distharging the Mortgagor's liability he~der or upor~ the debt hereby secured_ No sale of the premises hereby mortgaged aod ~o fore. bea?ante on the part of the MORTGAGEE or its wcceuors or assigM and no extensio~ of the time for the payrt~ent of the debt hereby secured g~ven by the MORTGAt;EE or its successors or ass;gns, sF~all operate to release, dxharge, modify, cF?ange or effect the original liabitiry of the iNORTG/1CAR herein. tithe~ in whole or in part. 1 1. It is specifiptly agreed that time is of the essenoe of this .~ntract ar~d that rw waiver or any obligation her~euntkr or of the ebligation secured hereby shall at any time thereafter be held to be s waiver of the tem~s hereof or of the instrume~t sccured he.eby. ? IN WITNESS WHEREOF. the said MORTCJIGOR has F+ereunto set his hand and seal the day and year fint aforesaid. Signed. Sealed and delivered in p?ese~oe of: ~ . ; - - Ci~ ~ - - --L~ - - - - V - - tsEwu A OF FLORIDA - Indian River ~ courv~nr oF_^___~~____` ' e~~ ~ an«?.u,? ~na 10SEPH H. MAR'I'IN A~D~E. MARTIN his v~rik, to me we~~ kn~,, and w,awn m me to be the ina-~vidwh de~«~-bea in and who exeeuQid. tbe_ foregoin8 ir~strwnent, and xkrwNrledged befwe me that they exetuted the same for the purposes therein exprossed, . - i wnsr~ss~+~,? h.~a ~,a a~i ~i n~----d~,? of---Dece,~ber_-- 66 i - ~ /l D. 19---- • ; . = : f+ ~ ~ ~ - t~. ' ~ ry lit in and for State of Florids at rse. ; _ . ,(Not~r~r= S~af j . M„ ~ ~ ~o ~ - ~ 1• hOTARY PL'2UC, STAT~ of FLOZIDA a? IARGE - ` - p V"~ :r , !1Y COA'J'tS510`~ Eic~t~ZES J.:~E 17, 1970 W - • bU'~J°O Tifii::4~H F~::D Y1. .:~~S~LIY.CnST ' C/~ Z `.j~ ~ - ~ FILED APdD RECORDED Z a i ST. ~UCIE C e A _ ~UNTY. FLA. a o v Z ~,`.-.n,-~ ~,.-~l~I~D ~ oG N ~ - ~ W ~ ~.~-l a~z~,.~r~ ~ ~ °a ^ v~ m w w ~ ~ :.5 ~ 6 p~.s 3 ; ~ ~ ~ E =~oQ ~ m ~ ~ 150525 ~o" . r- , r ^ rM V ~,_~M ~ o ~ W CLCRK C~f2CJ1 i COURT ~ - < A ~ ~ ~ ~ ~ ~ O ~ , oR. i aaorc ~ ~t~ ; ~ ~s , ~ ' V_ ~ r . T ~ ~ r s^" _ ~ ~Z.~;:~,~~ - ~ . ~ 't~~ _ v:"~z'.-;{'3