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Home My WebLink About2385 potiq or policies said MORTGAGEE shall have the option to receive a~d apply tne same on account ot the indebtedness securcd herebv o~ m permit said MORTGAGORS to receive and use it or any put thereof for other purposes without thereby waivinq or impairing any equify. lien or right under o~ by virtue of this Mortgage; and in the event said MORTGAGORS shall fo? any reason fail to keep the said premises i so inwred. or fail ro delive~ promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fuily any premium therefo?. or in any respett fail to perform, diuharge, execvte. effett. complete, comply with and abide by this tovenant, or any part he~eof, said MORT- GAGEE rr~y place and pay for such i~wrance or any part the~eof without waiving or affetti~g any option, lien, equity. or right undar w by virtue of this Mortgage, and the full amount of eath and every such payment sF?all be immediately due and payable and shall bear interest ~ from tF?a date the~eof tu?til paid at the rote of six and~( tenths per cent per annum and together with wch inte~est shall be secured by the lien of this mortgage. nine 4. To permit, commit or wffer no waste, impairment w deterioration of s3id property or any part thereof, 5. It is hereby specifically agreed tF+at any sum or wms which may be loaned or advanced by the Mortgagee to the Mortgago? at any time after the reco~ding of this indenture, together with interest thereon at the rate agreed upo~ at the time of wth loan or advance, shall be equalty secured with arxl have the same priority as the original indebtedness, and be subject to all the temu and provisions of this mortgage: Provided, that the aggregate amount of printipal outstanding at any time shall not exceed an amount equal to one hundred a~d fifty per tent (1509b) of the principal amount originally secured hereby. 6. To pay all and singutar the costs, charges and expenses, including a reasonable atton?ey's fee and costs of abstract of title in- curred or paid at any time by said MORTG/1GEE because ot in the evcnt of the failure on the part of the said MORTGAGOR to duly, promptly ar.d fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations. agreements, conditiau and covenants of said promiuory note and this mortgage any or either, and said costs, charges and expe~ses, each and every, shal! ba immediately due ar?d payable; whetik:r o~ ~ot there be notice, demand, attempt to collect or su?~~p(~ing; and the full amount of each and every wch payment shall bear interest from the date thereof unfil paid at the rate of six andlf~f'~+iffTs per certtum per annum~ and alt said costs, charges and expenses so incurred or paid, together with such interest, shall be secured by the lien of this mortgage. ' ~ 7. That (a) in the event of any breach of this Mwtgaga or default on the part of the MORTGAGOR, or (b) in the eve~t any of said sums of mo~ey he~ein referred to be not promptly and fully paid within thirty (30) days next aher the same severally become due and payable. without dernand or notice. or (c) in the event eath and every the stipulations, argeements, canditions and tovenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged. exetuted, effected, completed tomplied with and abided by. then in either or any such event, the said aggregate wm mentioned in said promissory note then rerrwining unpaid, with interest accrued, and all rrwneys secured hereby, shall become due and payable forthwith. or t~ereafter. at the option of said MORTGAGEE. as fulty and tompletely as if all of the said wms of mo~ey were originally stipulated to be paid on suth day. anything in said {xomissory note or in this Mortgage to the contrary not withstand'eng• and thereupon or thereaker at the option of said MORTGAGEE, without notice or demand, suit at law or in equity. may be prosecuted as if all rtwnies secu~ed hereby had matured prior to its institution. 8. That in the event that at the begiming of or at any time pending any wit upon this Mortgage, or to foreclose it, or to ~eform it, or to enforce paymeot of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdictian thereof for the appointment of a Receiver, such Court shall forthwith appoint a Receiver. of said mortgaged property all and singular, iocluding all and singular the incorne, profits, issues and revenues from whatever source derived, each and every of whith. it being expressly understood, is hereby rnort- gaged as if specifically set forth and described in the granting and habe~dum tlauses hereof. a~d such Receiver shall have all the broad and effective functioru and }~owers in anywise entnnted by a Court to a Receiver. and wch appointment shall be rtwde by such Court as an admitted equiry and a matter of absolute right to said MORTGAGEE~ and without reference to the adequacy or inadequacy of the value of the property mortgaged or b the solvency ~r insolventy of said MORTGAGOR or the defenclants, and that wth rents, profits, intanes, issuea and revem~es shall be applied by such Reteiver atcording to the lien or equiy of said MORTGAGEE and the prattice of suth Court. ~ 9. To duly, promptly and fully perform, discharge, exewte. effect. canplete comply with and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory rate and in this mortgage set forth. 10. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR. the MORTGAGEE, its wccessors and assigns, may. without notice to the MORTGACAR, deal with wch succeuor or wccessors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor's liabifiyl~ereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE or its wccessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or ifs wccessors or assigns. shall operate to release. discharge, modify, change or effect the original liabiliry of the MORTGAWR herein. either in whole or in part. ~ 11. It is spetiHcally agreed that time is of the essente of this contratt and that no waiver or any obligation Ix~eunder or of the obligation secured hereby slwll at aoy time thereaher be held to be a waiver of the tem~s hereof or of the instrument secured hereby. ~ ! IN WITNESS WHEREOF. the said MORTG/?CAR has herounto set his hand and seal the day and year first aforesaid Signed, Sealed and delivered in presence of: ~ _LG~-'t, _ ~ . ~ . ~ - ~ s i ` - - - i v.+~'~---5~ • - ~-1,. STATE OF FLORIDA ~ S5. St. Lucie _ B.fae, ms~ ~e.sona~W a~esrod ERNES~E~_.~BRI~N_ ~~a LA ALBRI'I"TON~______ ~„e ,,,,en k?~o~,. and known to me to be the individwls described in ae~d~'wda executed~~~ instnxnent. and xknowled~d before me that thay executed the same for the purposas thercin expres~ed. = 0~'aRr':'..~~ -re~ ~ ' ! Q=------d~ of---~~bruar_ A. D. 19__~7. ; , ITNESS aqr (~snd.ind official seal thts_~--- . s. .ras.r-_- ru . _n~, t _ . A~~I.~G.~`~. v . Notsry lic in snd for ths State of Fbrids st Large. , • ` My oomrnissloo e~cpires: - ~ ~y ~4G . t.~~`~~t`~S~) v ~butr , j ~u~::' A~ ~ W ~o ~ W . Z Q Z FILEO AND RECORDED ~ p A - ST. LUCIE COUNTY. FLA:. ^ a N ~ O RECORD ~RIF ~ rE ~ O w ~ > ~ ~ • V~1 o~iq p`'' ~ o. Q Z°~ ~ 6~ FEB 2 7 PM 3: ~ a ~ ~ ~ ; Z ~ 153~44 N ~ ~ A ~ itOGCR FOiTRAS ~ ~ ~p ~ ~c ti.l ` c~ Q CLERK CIRCUIT COURT E-+ - ~a m 3 ~ ~ , ~ } O - ~ ~ ~ 600K 164 PAGE2381 _ . . . . t~ ~ ~3 ~