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Home My WebLink About0996 potiq or policies ssid MORTGAGEE shaU hsve the optio~ to ~eceivs and spply tns sams on account of tt?s ir?debtedneu secund herebv o? m permit said MORTG/1GORS to reuiva and use it or sny put theroof for other purposes without the~r vwiving or impai~~~g any equlty, Iien or right unde? or by virtus of this Mortgage; ar~d In the event ssld MORTGAGORS shall iw any reison hil to keep the said promises so inwred, or fail to deliver prompty any of said policies of inw~ance to said MORTGAGEE. or fail promptly to pay fully ainy premium tF~srefo?, o? in any respect fail to perfortr?, dixM~ge, exacute, efftlct. oomplete, canpty with and abide by this ooven~nt. w sny pirt hereof. said MORT GAGEE nwy place and pay for wch lnwrance or an~r part thereof without waiving or affecting any option, lien, equity, or right unde~ o~ by virtue of this Mortgage, and the full amount of ~ch and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the nte of six an~-tenths per c~nt per annum snd mgether with suth interest shall be setured by 1he ~ I~en of this mortgage. niiie 4. To pertnit, commit o~ wffer no waste, impairrt?ent or deterioration of wid property or any part thereof. _ 5. It is he~eby specificaly ag~eed that any wm ~r sums which may be loaned or advanced by the Mortgagee to the Mortga~ at anr time after the recording of this indentu~e, together with interest thanwn at the ratt agreed upon at the time ot such laan w advance, shall be equally secured with and have the same priority ss the original indebtedness, and be wbject ro all the terms aod provisio~s of this mortgaQe: Provided, that ihe aggregate amount of principal outstanding at any time shall nof exceed an amamt eqwi to one Mu?dred and fihy per cant 1150%) of the principal amaunt originalty secured hereby. 6. To pay all and singutar the coats, charges and expenses, includ'eng a reasonable attorney's fee and coats of abstract of Ntk in- curred or paid at any time by said MORTCJIGEE because or in the avont of the failure on tha pa~t of the said MORTGAGJR to duly, p~n+ptly an~ fully perform, discharge. e~cecute. effect. complete. car~pty with and abide by each and every the stipulaNons, sg~oernenfs, oo~ditions and covenants of said promissory note and this mortgage any or aither, and said costs, cF+a?ges and expensas. each and overy. shall be immediately due and payable; whether o~ not there be notice, demand. attempt to rnllect or wit~g; and the full amow~t of ~ad~ and ' every u~ch payrne~?t shall bear interest fran the date thereof until p~id at the rate of six and ~ per centum pe~ anrwm; and all said ; costs, charges and expenses so incurred or psid, together with such interest. shall be secured by the tien of this mortQaga 7. That (a) in the event of sny brrach of this Matgage or default on the pairt of tM MORTCAG4R~ or (b) in the event any of saiQ sums of money herein referred to be not pro~npNy and fully pald within thirty (30) days next after the ssme sevr~ally becoms due and payabk. without de~naed or notice. w(~J in the event esch and every the stipulaHau. a?geernents. conditioru and covenants of ssld promissory nott and this mortgage any or eithe~ are not duly. prompty and fully perfom~ed. discharged, executed, effected. compkted cvmplied with and abided by. then in either or any such event, the saW sggregate wm rr~entioned 1~ sald pranissory note tt~ ranatning ~mpsW. with interest ' accnxd, and all mor?qrs secured hereby, shall becane due and psyable forthwith. or thereafter. at the option of sald MORTGAGEE. as fuly and completely as if all of the said wrr~s of money were originally stiputated to be paid on uxh day. anything in said promissory note or in rhis Mortgage to the cantrary not withstanding; and thereupon or thereafter at the option of said MORTCJ~GEE, wlthout notite or de~nand. suit at law or in equiry. may be proaecuted as if all mo~ies secured hereby hsd matured prior to its institution. 8. That in tF+e event that at the beginning of or at u~y tirne pending any wit upon this Mortgage. or to forettoas it. or to refarm it, or to e~force payment of any claims he~u~der. said MORTGAGEE s!w!I apply to the Court having jurisdiction thereof for ths aMwinirnM+t of a Receiver~ such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular. including all and singular the income, profits, issues and revenues from whatever sou~ce derived, ea4h and every of whith. it being e~ressly understood. is hereby mort- gaged as if specifically set forth and described in the granting and haberxium clauses hereof, aod such Receiver shall have all the broad and effective f~ctions and powers in anywise entrusted by a Court to a Reoei~er. and such sppointment sF+alt be ~nade by such Court as an ° admitted equiy and a matter of absolute right to said MORTGAGEE, and without referente to the adequaty or inadequacy of the value of the ~ property mortgaged or to the solvcncy or insolvency of said MORTGAGOR or the defendants, and that wd~ rents. profits. ieoanes. issuea and revenues shall be applied by uxh Receiver aocording to the lien or equiry of said MORTGAGEE and the p~actite of wch Court. 9. To duy. promptly and fully perform~ discharge. execute, effect, oomplete comply with and abide by each and every the stipu- fatioru, agreements. conditions ard tovenants in said prorNssory note snd in this rtwrtQa~e set forfh. ~ 10. That in the event the ownership of the mortgaged premises, or any part thereof, betornes vested in a person other thsn the MORTGAGOR, the MORTGAGEE, its suocessors and assigns, may, without notite to the MORTGAGOR, deal with wth syoteuor or suoc~ssso(= in interest with reference to this mortgage and the debt hereby secured in the same rrwnner as with Mortgagor without ir1 a~y:way vittstin~' or discharging the Mortgagors (iability hereunder or upon the debt hereby secured. No sale of the premises Mreby niortg~ ~.~1t1'ttu~ ' bearance on the part of the MORTCAGEE or its successas or sui~ns and no extension of the time for the payment of the ~ her~ i _a given by the MORTG/1GEE or its successors or assigns, shall opente to release, discharge, modify. change or sffect t11e~'~.liab~~~:•.,'.. . the MORTGI1GOR herein, either in whole or in part. . ~ r . • 11. It is spetifiplly agreed that time is of the esSenoe of this oontnct and that no wsiver or any obli~tiorr'-MreW~ler-K Ol tFit :'3 r_'~ obli atian setured I e , g ~ ~i~~~f~''~~f~f'fP~ b~~ ~i~e'~'~~fl~'~f~Yi~$e~ ~~~1~""°".r~~ r~v,~~ : - _ IN WITNESS WHER . ths ssid MORTGJI sesl the day and year first ylatesaid.-+~~ - i.~;; : O=~ i J - . : Signed, Seakd and delivend in preserrce of: . . ; ' ~M - v' . -.o`,.~= ~ TRA ~NTERPRIS ~ ~'~~~G~'t' L~ ~ ~ ' / ..f ~ ~i:ip 1{1\I~til~ i -jc- ._~t~ By. ` ~t'~yv"~-'~- ~ .--r ~ •V a - ~_~r~e-iden ~ ;~,~L~'-~.ti-_~^_~~~~-- Attesr• `.L~=~~ '_'cs~?u ; ' sT~~ oF ~io~ /~ecretar ~ i~ . . counmr oF ~~an River f ~ e~~ „~~„iy ,~„~„d , Edward B.L Traub and Ethel M~Traub _President and Secr~ry ~ res ctivel of Traub Ente rises I a Florida corporation ~ Y ? P ~ ~ ~ ~u ~,a w,~ w ~ ~ ~ ~ ~a ~ and who ezecuted the fore~oin~ instnurKnt. snd acknowled~ed before me th~t they executed the same for the purpases the~ein e~ress~d. as the act and deed of said corporation thereunto duly authorized. ~ wm~ESS m,? r,~,a ~~i ~i ~+,~~__c~__~ 7 ! _d.v uar~~_- D. 19__6Z. , • •;~t~::::: . ~ 1!aL~~ ~ Notary Pub~ for th~ State of Florida at La~e. ~ My oonwdtaion wcpira: ~ _ ~ ? c': ~ ~ ',~Qt~y_ Seal) ~ ~ ~1 r, , ~ , J~ W ~ _ ~ ~1 . . • - - ~'n O - _ s ~ ~ • r ~ . V ~ ~ ~ ~ Z a z fILE~ aND RECOR0~0 ~ ~ A ~ - ~ $T. LUCIE COUNTY, RLA. ~ A E ~ o v z RECOaO VERIF1Eb c~ ~ _V aNW o ~ mo = ~ ~ "a~~ ~ t - • ~ ~ ~ ~ ~ - Q 6 JAN 25 AM 9. 99 a. ~ - ~ ~ o ~ ~ 152i60 pq ~ , ~ ~Q ~ ' ~ ROGER POITRAS H ~ ~ ~ r.~ Z o A ~ c~RK ciReuiT covaT H ~ m ~ ~ - ~ > ~ 0 . ~ So 164 ~E 995 _ ~ ~ _ . _ y° ~r ~Y _ .t~y S . _ ~^S 'P -°;~i