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Home My WebLink About1813 po~icy or Fo~icics sa,d MORTt~J1GfE st?sll havc tha option to roosfw and spp~y cne same on sccarst of tFxr indaDtedncss secured herebv or to permit sa~d MORTGAGORS to reteiva dnd use it or s~y part M+ereof fw other purpc;es without thereby waivir?~ or impai~int anY equity. Iien or ~ight undn or by virtue of this Mortgage; ard lo ths event said MORTG/1GORS sh~ll for any reason fail to keep the ssid prcmises so inw~ad, ar fsil to deiiver pmmptly a~y of said poUcies of lnw~anoe to said MURIGI~GEE. or fail prnmptly to pay fuily anY p~emium c.xrefor. ur in aoy ~esp~°tt fail to perform, discF~rge, exetute. effect. complete. comply with and abide by this tovena~t. ot any put hereof, said MORT• GAGEE rsuy place and pay for suGh inwrance or tn~r part thereof witha+t waiving or affecting any option. lien. equity. or right unde~ o~ bq v~:wc of this Mortgage. and the full amax~t of aach and wery such Payrr~t shall be imniediately due and payabk and shall bw? i~te~est fran the date thereof until paid at the rate c~f six and ~tenth: per cent per annum ar?J togetiier with suth interest shall be secured by tt+e lien of this ewrtgage. niI1C 4. To permit, commit or wffer ~o waste. impai~ment or deterioration ot said p~operty or any part thereaf. S. It is hereby specifically agreed that any wm w sums which may be lo~ned or advar.ced by the Mortgagee to the Matgagor at any time after the retordi~g of this indenturc, to~etAe~ with inteoest thereo~ at tfie rate agreed upon at the time of wth loan or advance, shill be equally secured with and have the same prioriy as the original trdebtedness. and be wbJect ro all the ternu and pro~isions of this nw?tgage: Provided, that the aggregata ama~.it of printipal outstanding at any time shall ~ot exceed an smount eqwl to oree h-,x~d~ed and Rfty per tenf (150%) of the principal smount originalty secured herebv. 6. To pay all and si~gular the costs, charges and expenses. including a reasonable attwr~ey's fee and costs of abst~act af Htk in- curred or aaid at any time b~r wiJ MORTGAGEE betause or in the event of the failure on the part of the sa+d MORTGAGOR to duly, promptly an~ fully perform, dixharge. execute. effect. camplete. tamply with snd abide by each and every ths stipulatians. agreemeets~ taxlitions and covenants of said promiuory note and this mortgage any or either, and said costs, charges a~d expenses, each and every. shall be immediately due and payable; whethe~ or not there be notice. demand. attert~pt to coltect or su~.t, }~Q~ i~g; and the full ama~nt of each and every such payment sF~all bear interest from the date thereof until paid at the rate of six anc~](~?tbh'tlis per centum per arv~um; and all said , costs. tharges and expenses so incurred or paid, together with such inte~est, shall be setured by the lien of this mortQage. 7. That in the eve~t of any bresch of Mis Mortgage or JC(ault on tfie pa?t of the MORTG/~CAR, or (b) M the even: a~y of said + sums of naney herein referred w be not pranpNy and fully paid within thirty (30) days next aRer the same severally become due and Payable, ~ without demand or notice, or (ca in the event each and every the stipulations, a?geeme~ts, co~ditions and covenants of said p~omissory note and this mortgage any w either are not duly. promptly and tully parformed. discharged. executed. effected. oompkted complied witfi snd ~ abided by. then in eithe? or any wch event. the said aggregate siun me~tior?eci in said promiss:xy note then remalning unpaid, with interest accrued. and all moneys secured hereby, shall beeane due and payable fcrthwith, or thereafter. at the option of said MORTGAGEE. as fully t and completely as if all of the said wms of ma~ey were originally stipulated to be paid on such day. anything in said promissory note or in ~ th~s Mortgage to the contrary not withstanding• and thereupon or thereaRer at the option of said MURTGAGEE, witFwut notice or dertwnd. ~ suit at law or in equity, may be proaetuted as if all rtanies setured hereby had matured prior to its institutio~. ; 8. That in the cvent that at 'tite beginning of or at aMr time pending any wit upon t'~is Mortgage. or to foreclose it, o? to reform ~ it, or to enforce payment of amr cWims hereunder, said MORTGAGEE shall appljr to the Court having jurisdictian thereof fo? the appointrr~ent , of a Receiver, wch Court shall forthwith appoint a Receiver. of said mortgaged property all and singular, including all and singula~ the income, profits, issues and revenues from whatever source derived. each and e-yery of which. it being ex~essly understood. is hereby mort- gaged as if specifically set forth and described in tFie g~anting and habendum clauses hereof, and such Receiver shall have all the broad a~d effective functions and powers in anywise entrusted by a Court to a Receiver, and wth appointrnent shall be made by such Court as an admitted equiy and a matter of absolute right to said MORTGAGEE, a~d without reference to the adequacy or inadequacy of the value of the property mortgaged or b the solvency or insolvency of said MORTGAGOR or the defendants. and that such rents. profits. intomes. iswes and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly. prwnptly and fully pe~form. distharge. execute, effect, complete corriply with and abide by each and every the stipu- latians, agrYements. tonditions and covenants in said pranissory note and in this mortgage set forth. 10. That in the event the ownership of the matgaged premises, or any part thereof, becomes vested in a person other than the ti10RTGACAR, the MORTGAGEE, its wtcessors and assigrts, may. without notic~ to the MORTGACAR, deal with wch wocessor or wtcessors in interest with refere~ce to this rrwrtgage and the debt hereby secured in the same manner as with Mortgagor without in'any way vitiating or d~scharg'u~g the Mortgagor`s liability here~uder or upa~ the debt hereby secured. No sale of the premises hereby rnortgaged and no fore- bearance an the part of the MORTGAGEE or its wccessors or assigns and no extension of the time for the payment of the debt hereby secu~ed given by the MORTGAGEE or its successexs or assigns. shall operate to release. ~scharge, modify. change or effect the original liability of the MORTGACAR he~ein. either in whole or in part. 11. It is specifitally agreed that time is of the esse~ce of this contratt and that no waiver o~ any obligation Fwraxde~ o? of ths obGgation secured hereby shall at amr time thereafter be held to be a waive~ of the terms hereof or of the instrument secured hereby. - IN WITNESS WHEREOF. the said MORTWGOR has hereunto set his hsnd and seal the day and year first aforesaid Signed. Sealed and delivered i~ p?esence of: 'I _ c ~ _ _ i. . ~ ` - _ ~ - y ~ ~ . ~ ~::~'_~<~.l~s~,-~_~_ - - - - - - - ---cs~,u ST/1TE OF Fl.ORIDA j ~ St. Lucie j ~ ee~«e ~r~e a~ona~y ~~earoa IRIS R_ SMITH ~^d MARIE SMITH r,~ „„k. ~,~?~u a~d known to me to be the individwh described in and who exeaifed the foregoing inatniment. and ackrwvvled~ed before me that tF~ey excCVted the same for the purposes thetein expressetl ---d~,? of---- Dece ___r 23 . a u. i 9_66 . ~ win~ESS m,? ~a ~+a ~i ~i - ~`''•~f.'!, ~ r No ry Public in and for the Shte of Florids rge. . ~ ~ ~ _ - ~;~ot~ry Seal) ~ ~ ' f~ ~96 . _ . ~ - ~ A= ~ ~ ~ . - = r` ~ - ~ o - FILED AND R~CORDED w~,.-,,,, _ Z~. ~ ST. LUCI~' ~nJNTY. FLA. ~ ! ~ ~ _ ;i a ~ _ _ ~IFt~p A ~ ---'~a/~M~ o ~ ~ ~J~ VI y W - ~ T'~ 1~ 1 • ~ ~ ~ ~ w ~ a ~ ;:S f :_.C 9 p;, , , ~ ~ v~ ~ ~ ` ~ H : ~oo a ..:,,1~~~~ ~ '~j W z ~ CLERK ~ . , H ~ ~ ~ Q CtZCUsT COURT dW ~ 0 ~ ~ ` ~Z° A °C ;4 ~ - < ~ m i ~ ~ ~ ~ Q ~ ° R 6 i PAGE 11 BOOK ~ , - -,ns < ~ cz-~ ~.~_o-. r~. 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