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Home My WebLink About1715 paicy a policies s~id MORTC/1GEE shall have the option to reoeive ~nd appry tne sams on aoc~unt of the i~xkbtedra.~ss srtwed herebv a ni ~ permit said !?lORT.r,AGORS ro rete~ve and use it or sr~y p~rt thtreof far other purpcses without the~eby waiv+~ or impai~ing any equiy. ; f~en c,r r~~ht unde~ w by virtue of this Mortgage• arsd in the ev+ent said MORTGJICORS shill !ar any ~easrn faii ta keep ths said ~xemises : so insv~ed. or fsii to drliver p~omptly any of ssid policia of inswance to said MORTC/1GEE, o~ fail prwnpty tc paY fullv any pren+ium therefw, or ;n any raspect fail w pe.form, discharg@~ e~cecute. effect, c«nplcte, con~ply with a~vi abide by this cover?ant. or any part hereaf, said MORT GAGEE rtuy ptace ar~c ~y for wth inwa~to ot ~y put theroof without wa~vir?d or affecting any optioe~, ~een, equity, o+ right under or by ~ vi~rue of this Mortga~e, a~d the full a~now~t of each a~d every such payment shaU be immediatxly c~ue and payable and shap bear interest 6 irom the date the~eof until paid at the nte of six and]~tenths per cent per annum and together with such inte~est sh~ll be secu~! by thp f I~en of tAis mortg~ge. Illlle - To permit~ :p~xnit or wffer no waste, empairment or deterioration of said property or a~y part thereof. ; 5, tt is hereby specifically agreed that any s~vn or wms wl+ich may be loa~ed or a~vanced by the Mortgagee to the Mortgagcx at any ~ e;me after the ~ecording of this indenturc, togelher with interest the?eun at the rate agreed upo~ at the time of wch ban or advance, sFwll be equally secured with and have tha same prieriry ss the original indebteclness, and ba subjett ro alt the terms.ard prov:sio~s of this mortgage; ~ Provided. thst the aggregate amau~t of pri~cipal outsta~ding at s~y t'me shatl not exceed a~ amax+t e~Gu~l tu on~ Ixx~dred and iitty per tent 115096) ~f the principal amount originally retured hereby. - 6. To pay all and singular the costs, cFwrges and expenses~ i~cluding a reasa+able attorney's fee and costs of abstratt of Htfe in. cur.cd or paid at any time ~y said MORTC/1GEE because or in tha evont of the failure on the part of the said MOkYGACAR to ~ly, p~omptly and fuliy perform, diuharge~ execute. effect, compkte, con+ply with and abide by exh and every the stipulations. agreements~ coc~ditfont ` and covenants of said promissory note a~d this mortgage any o? eithe~, and said cvsts. charges a~! expenses, each and every, shall be . lmmediately due and payabte; whether or not there be ~otice. drnwnd, attempt to .:ollect or wi~.,p~ ng; and the fuil amount of each and every wch payment shall bear interest fran the date thereof until paid at the rate of six and ~(t~ pa~ ;.~ntum per arvwm; and all said costs, charges and expenses so incurred or paid. together with wcF~ interest, shall be secu~ed by the lie~ of this mort~age. 7. That in the event of any breach of this Mortgage a default o~ the part of the MORTGAGOR, or (b) in the rvent any of sald sums of ma~ey herein referred to be rat promptly and tully paid withi~ thirry (30) days next sher the same severelly bewme due and payable, • wi~hout demand o? notice, or (c) in the event ead~ and every the stipulations. argeernents, conditi~ns and covenants of said promissory note and this mortgage any or either are nat duly prompty and tully performed. ~scnarged. executed, effected. compkted complied with and abided by. then in either or any such event, the said aggregata wtn mentioned in said pramissory note then remaining unpald~ with intercst accrued, and all moneys secured hereby~ sF,al~ beca,oe due and p,ayab~e forthwith, or thereafter, at the option of said MORTGAGEE, as fufy and eompktely u if all of the said wms of ma~ey were origi~ally stipulated to ba paid w? wch day. anything in said promissory note w in shis Mwtgage to the tontnry ~ot witF~standing; and the~eupon or tF~eafter at the option of said MORTGAGEE, without notite or clenwnd, ~uit at law or in equiy. may be prosecuted as if all monies secured he~eby had matured pr'wr to its irutitution. S. That in the event that at the beginning of or at amr time pending any wit upw~ this Mortgage. o~ b forxbse it. or to reionn ~t, or to enforce payment of any claims hereunder~ said MORTGAGEE shall apply b the Court having juri~ictiat thereof for tF?e appointment of a Reteive~, wch Court shal! forthwith appoent a Receirer, of said mortgaged property al) and singular~ includin$ all a~d singuiar the ~ncame, profits. iswes and revenues from whatever source derived, each aod every of vrhich. i! being expreuly understood. is hereby morP gaged as if spetifically set forth and described in the gre~ting and habe~dum clauses hereof. and such Receiver shall have all the broad-ard effective functions and povvers in anywise entrusted by a Court to a Receiver. and wth appointrt~ent shall be made by such Court as an > admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequ~y o~ inadequacy of the value of the P~~rtY +~'~tBa6ed or to the solventy or insolvency of said MORTGAGOR or the deferdants, and that wth rents, profits. incornes. iuues and revenues shall be applied by wch Receiver according to the lien or equity of said MORTGAGEE and the practice of wch Court. ~ 9... To duly promptly and fully perform, disciwrge, execute, effect, complete comply with and abide by each and every the stipu- lations, agRtements. ca~ditior~ and caverwnts in said promisxory note and in this rrartgage set (orth 10. - That in the event tne owners{up of the mortgaged P~emises, or a~y part thereof, becoe~es vested in a person other than ti+e ti10RTGAGOR, the MORTGAGEE, its wccesson and ass;gr~s, may, v,,;thout notice to tF+e MORTGAGOR, deal with wd~ wccessor or successors in interest with reference to ihis mortgage and the debt hereby secured in the same manner as with Mortgagot without in any way vitiating or discharging the Mortgag~or's tiability hereunder or upo~n ihe dobi hereby setured. No sale of the premises hereby mortgaged and ra fore- bearance on the part of the MORTGAGEE or its successors or assigrn and no exteosion of the time for the payment of ihe debt hereb~r secured Biven by the MORTGIIGEE or its successors or assigns~ sha~~ operate to release. dixharge, madify. change or effect the origina! leability of the MORTGAGOR herein, either i~ wFwle or in part. 11. It is specifically agreed that time is of the essence of this controct and that no waiver or any obligation herw~nder or of the obligation secured hereby shall ~t any time therearer be f~eld M be a waiver of the terms hereof or of the instrwnent sewrod hereby. IN WITNESS WHEREOF. the said MORTGAGOR hu F+ereunto set his hand and seal the day and year first aforesaid Signed, Sealed and detivered in presence of: n . ` ; - C; { '~(.~_~_t~ _ ~S~AU _~(t,~1t..~~,!- _l!LO - -S~'ti- ~~~-s~.r_ - ~ ~-~-~(s~r?u STATE OF FWRIDA cou~vnr o~~ Indian River ~ - _ sefo?~e me ~e~so~a~y a~sred RICHARD iA. STRINGER a~ PATRICIA A. STRINGER ~ w: k~~. ~ krwwn w me m be the ;nd~vidwls described in and who exewted the'foregoing instn~nweot. and adlurraw~ before me that tixy executed the same for the quposes therein expres~d. ? . December , o. 1966_. W{Tt~ESS~- .Isa~~~sr~d'.officisl sesi this d~Y - - • _ • _ _ . • y^ ' ' ~11j~~L~11~,(~,~ f = '.ti; ~ i~~ r' ~ • Nohry Publit in and for the State of Fbrids Lar~e. / MY ooem~ission ~piros:~OTARY PUBLIC STATE oi ftORtDA at UR6E r'~' MY COM111SSIOM fJ(PIRES MAR. 30, 1968 ~ s l „ ` ~ ~OMOS~ TMEOYiM fete w. oiesrcwoiest . ~ W ' : , _ ~ o W ! Z Q i FILED H~~ID RtCORDEO ~ A - ~ Si. LUCtc CQUP~TY. FLA. Q a p v : ~ ~:.r+: - ti~,-~~~t~p Ey ~ ~ Q ~ ~ ~a~:,~ ~ a ~ ~ ~ ~ ~ ~ ~ ~c ~.yT". 8 ~ ~ : ~4 ~ ~ o~ ~ d ~ Z ~ 1~0z'71 ~ ~ ~ . d~~ ~ o~ ~ - . ~ ~ - ~ ~ ~ A GL~R~: ~~;~::Ul I` COURT ~ ~ ~ ~ ~ ~ ~ ~ ~ BO 1 PAGE ~1e~ ~ rrt - _ ~ ~ _ ~ : ~ _ ~ ~ ~ - _ ~ _ ~ _