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pONC~ O~'-PP110i~L3~ld IY~~T~~irCE i~t~~ ~INMO;t~fO Opti0~l~tO.~~w ~1d ~OV~Y ~ si1M.4n.a00aA1R Q~ t~1! YI~lia 3/i011N1d h~1f Or.~
p.rmit taid.MOR~~GORS.to.npsiw,sqdcr~e,h;Prsrq?_Pxt theroof fa otM~ ,w3thout thenblt w~ivint~'.imp~irioi.~1+~ ~vu~Ati
Wa a? d und~C.ar. bV ~~of. ~ Mori~c and ie tM eve~t s~W MORT shaN tv? inr-naQnrbil:p kuAr~ ~~N~M
so or f~i4 to:dsli~r P~P~hr ~Y of saW polides of inauano~ to ssid MORT . ir',bK P~++P~h? tP p?Y~fW4hp~r Aroe~~+ ~~1
or in ~nKnq~pict_hi1~0ope~tn+. discw?h. txewt~. ~ff~ct. oomPN~~. to~p1Y with and~b~e ~Y Ihis oc?we~?t,:or ~eq? W~t_br~:sNd~ T~
GI1GEf .ma~? A~s~.and. for ~uch inwnnos o? any Put ti~'sof without vwivir~ Or sifetRint ~trvop~oe~ lia~: ~4aitlh•q~. i~i11t .~M1d~r oc h~t •
virtus oft~ a~
. ard tM full amamt_of a~d~ ard wruY wch PaYment shall b~ i~M1Y dw.~nd P~:~d`~hi~~;6Me~inte~lt -
srom ths da`a tl~
f ~nN) paw at th. ab of six ana wc-ea~ths psr c.nt pK a~rKne s~d toMctw~: wiN* sNdt iee.o.tlt st»It ~a~sawad b~?.,b~
~iEf1 OF t~i f110fttitf. , . • • ~ • 1.:~- y , ,
4. To pe?mit, canmit or suffe? oo waste. impii~ment or dete?ioraHon of s~W properfy or uiy part thereo~.
S. It is heroby spccNically a~?ead ti+at any sum o? wms whieh miy be Iwned or sdra~ud b~r ths MatAa~ tv:~.i~Mortppr ~f ~
tims aker ths roco~ding of this fndenture. together with intenst tfie~eon ~t the nh ag~eed upon at ti~•time~Of sud~do~n a:dwnwr-~iM11•
eqw~y securod vvith and have M,e s~ms prtortty ss the ort~inai ~ndebtedr~ess. and b~ subjea to ai~ N,. te~r~t.~d~w~ocislaa of-tbls~morhs~0
Provided. that the aggregat~ ama~nt of pincipsl autstandin~ at sny tims sFal1 riot uoos~d an a~nax~t pwl to on~ t~nd~d'iad~li~ty~'pM'~e~f
i15096) of tM princiW~ sn~o~mt origtnsly seau~d hsr+bY• ,_._.~:~~::u o:Frc.~;~a ~
b:..,.~tsf t
6. To psy sll and sinNlsr the eea~s. d~~s +nd ~xPa~ss. includi~t ~ roaso~bh attorney's ht and o4sb ~of ~:...~'aaf, af L1M ln•
curred or paid at aoy Nme by said MORTC~AGEE becau~ or in ths ~vont of the ~ailun on the~a~t of the said MOR7GAiGOR .tt~.dyl~r.
and fuliy perform. distMr~s. executs. effect~ oa+~lete. oonPb with snd ~blde b!? eath and ~vtry tM sND~latiAesu ~M+b.upaa~
and covenants of said pranissory note and tNs mort~~ any or ~ither and sald costs~ chu~es and exPen~s. exh sn~ awrri shall bs
immed'wtely due and payable; whether or not then be notioe. demana. attempt to colkct or suit Dendi~+~: and ths,fi~l~ aniou~?t,.of,~ ~
every wch payment shall bssr i~terest from the dste tF~ereof until psW at the nte of six and six-tent~s per oentum p6i';anium; and ail iaid
costs, charges and expenses so incurred or pald. together with wd~ interest. shall be scwrod by the lian of this mort~sR~.- ,...,,.,s
7. That in the event of any brenh of this Morttsae or defauit o~ the p~rt of the MORTG/IGOR. or (b) in tht event u~y of saW
sums of ma~ey hsrNn nfKrod to b~ not prompth? and fully psid witNn thirty (30) days next after ths same sewaflY b~oa*~ du~ M~d p~srabl~+
without derr~and a notics. or (eJ in the evenf ach srd evaY the stiPubtions. a?hements. ca~ditians a~x! covw~a~ts of ssld- ~eomisw~Y•nM~
and tMs mats+6e srh? or Nther sro not duy. warwty snd fulh v~fornKd. disd+used~ ~xewtcd. effected. earK~Mi~d-!~niplted:wiM+ ~nd
abidsd by. t1+en In Nther or any such event, ths ssid s » sum mu~tioned M saW promissay ~ote t1+en ~ unANd.= w~k i~ten~t
~
sccrwd. snd allmo~~eys s~cured hereb'f~. shall beooew snd psyablt torthwiN+. or thero~fter. at ths aption of:asW:MORTG/~C~'as~H~h?
and tompletely u if all of th~ said su~ns of nwrM? w~sre originslty stipultwd to bs paW on s~xh d~y.s~ythin~ iir~Id~p~ppla4~y:~p~!P~~tia
rhis MortQa~e to the aonmry not vrithsta~d'ing; arid theroupo~ or tl~eahe? at the cPtian of said INOR7GAGEE. without ~oNos or den?s~id.
wit at Isw w in equib. ~Y ~ P~ewfed as_ if all rnonies sewnd F~ereby hsd matured prio~ to its ir~titutbn. :~q cc.~zE. a~? pe
8. TF~t M the event that at the beginni~ of or st my time perdi sny suit upon this ~p~~~~ ~S E~` ~z•
it, or to enforoe psy~nent of s~ claims heaurKier. said MORTCACEE shall a~y to the Coutt havin~
j~~~ioe tf~6ieo1'- l-- j~~ 'h~j
of a Receiver. sueh Court shal forthwith appoint a Receiver. of' sald nw~tgs~ed property all and sintuiar. inc~` sli ~ and ~Ke
income. Profits. iswes and reve~es fram whatev~er souroe de~ivsd. each and every of which. it bein~ s~r~? ~+deMood ~
gaged ss if specifially set forth ard described in the ~ranting and habend~xn tiauses heroof, snd such Reaivar shall have sll the brwd and
effective f~tiau srd pov~r~s tn anywise enM~t~d b~ s Co~t to a Reoeive~. snd wfi sppointment shaii be rns~e` (r~ =wd~~CBii~"3s`i~? .
admitted equiry snd s mstter of absolute right to sa' MORTC.AGEE. and without referenoe to the sdeqwcy or inadequacY of ths value of the
Props~tY na~gaged er to the solvency or i of said MORfGI~?GOR or ths def~ants. and that wch ronta. P~bfit~' ~i~1~o~'
s; `is3~r"s
and reverxies sh~ll be spplied by suth Reoeiver ateording to the lie~ or equity of ssid MORTGIIGEE and the practios of wch ~ou~t
y ai uz fc+~~a.
9. To duy. pra++pty and iu~b perform. d'ischarge, exea~te. effect, oompbte compty wtth snd abwe by each and every the sttpu-
lations. agroements. oadiHons and oo~rensMs in ssid promissory nob and in tl~is rnort~sQe set forth. ~:uy Fou~c~us qc-
betonnes vested in a Pe~ ~r ~n t~
~ ~ nit ~fl ~1Q CVEIIt ~1! ONRIlfSkp Of ~~~~~5~ a ifly wK ' V W 6 40~ C Y
MORTGAGOR. the MORTGAGEE. its wooessors a~d assi~ns. maY. without notice to the MORTCAGOR. deal with wch wocessor or waessors
in interest with refe~enoe to this mortgage and the debt hereby setured in the ssme manner as with Mortgagor without in sny way vitf~Nr~
or ~d~s~tn~ the Mort~sgor's Ilabiiity Iweraunder or upor~ the dsbt herebY setured. No ssk of the promises herebY mortHaBed and no foro-
bearanoe on the part of the MORTG/~GEE or its wcoessoss or sssigns and no extension of the time for the psyment of the debt herebY sewrod
Qiven by the MORTC/~GEE or~its woces~ors or sssigns, shdl opente to release,_ ~~?Ite. ~ify. ch~nge or effect the original liability of
the MORTWOOR hercin. either in whok or tn part. -
11. It is spsciftcally a~reed thst time is of th~ esser~ce of this oontract~snd thst ea wsiver or mY aWl`aticn Fwne~rider or of th~
obligation securod Mreby shall st any tims the~after bd Mld to de s vwiva,r,of the terms hsreof or of the ustn~mant saurod herebY.
IN WITNESS WHEREOF. the s~id MORTGAGOR has F~reanto s~t Ns tw~d aNd s~al th~.dsy and year Hrst aforesaid.
Si~ned. Seakd snd dsiiwrod in presenoe of: _ , -
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~ Y__ --~=~-~ct.-- (SEAU
STATE OF FWRIDA )
~ St._ Lucie ~ ~
se~ ~:`~o~.iy ~~roa MARVIN E. MELTON, a sin e~erson
~ xi[iC~lfa?e, to me weu known. snd krwwn to ~ne'ta, ba ehe irdividwis descn-bea a+
and who~,~,,~.~ tJ1s, ~oroioinQ instrtxnent. snd adcrwMrled~ed be~ore me that thay executed the sanne for t~! p~uposes therein exptesta~
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- - - - My oanmi~ion ~ir.s:
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.E~t~'y Seal)'~
NOTARY ~IIdL10. l1ATE eF FL~l~:9A AT LA^^s
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=j.: ; ~ M1f COMAAISS~ON EX?I^~5 ?~nR 23. 19%1
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V _ FILEd AND RECORDEO ~
~ W Z Q i ST. LUCIE COUNTY FI.A. p ;
~ p~ RECORJ v~FtlFi~b E+ m
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N ~ 2 5~ lO4K1~ PAGE1971 •r
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