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Home My WebLink About0677 poiiq or poUd~s sakl MORTC.A~CEE sh~ll i~w tM option to noNw u+d spply ttw sam~ a~ aooo~r~t ot tM ind~btednets s~wnd h«rbv or n+ • pennit said MORTCACARS to noNw and us~ it o? any part tFw~~wf for othtr E rp~~ rvlthout tMnb~r vwivin~ o? ImP+~~ ~Y ~b. lien o? ri~ht tmd~~ or by vi~iw of thts Matss~: a~d in th~ ww~t said MORTC'.„i11~'pRS sh~il for any ewson fall to ka~p tM sNd p~nis~s so insursd~ or fail to d~ItvK promptly of said poUd~s of Ins~uana to siid MORTG/IGEE~ o? bll promptly to psy fully prNniur» M»nfor. iu w in ae~y respect hl! to Psrfo?ro. distl~?~. ~xeat~. efhct. oa+?Pbt~, canplY with at~d aWd~ by tMs covtnant. ot ar?y put ~ ssid MORT WGEE nay M+u and WY ~ wd~ i~suanw orsny p~rt tMnof without waivin~ or ~ a~rop Ho~. U~n. equwb. o? ?i~ht urd~? or by vim~s of M~is , snd tM futl smaint of ~ch s~d wch psy~n~nt shsll b~ In~stely dw snd paysbi~ and sh~ll bWr intt~at from t!~ d~te~l~~unH1 paW at ths ab of a~d pa ::nt pa smum a~d M~etF~ with sucl? i~tKest shall b~ s~wnd by th~ lien of this nwrt~a~e. S@NeCl 4. To parmit~ aonxnit or wffer no wut~. inpaim?ent or d~teriontion of said properry or sny put the~eof. 5. It is hereby specifically ssroed tF~t a~y sum w wrm which may be loaned or sdv~ncedby tM Mort~s~ee to tM Mort~a~ at any ~ rime aft~? ths ~ecoodin~ cf thia indsntura, to~ett~ with Intereu thenon st the rate s~road upon st ths time of such loan or sdvsrxe. shail be ~ eqwly seaued with snd hav~ the ssm~ priority as the ort~ir»I i~debtedness. ar?d be wbject to all tM tenns and provisiona of this mort~sQe: Provid,d. thst the sgtr~c~ anwu~,t of ~incipal ounrandi~~ s~ sny ~ime shall nor.~ccaed sn amount eQwl ro one M,ndr.d snd fify ~x can~ ~ (150~) of the printips atnour?t oritinally secured hereby. 6. To p~y all and sin~ular the costs, chargas and expa~s~ inciudirq~ s reason~bk atto~n~y's fee and ooats of abat~ct ot Htk in- curred or psid st sny time by said MORTGIIGEE becsuse or in the evont of the fsiluro o~ theps~t of the said MORTG/1GOR b duly, p~omptly and fully perfatm, ~sthary~s, exetute. effeci. corr~pkte. ;.-~-ply wfth and sblde by sath ard avery ths stipulations„ s~n~ments„ oonditions and covenants of said promissory rwte snd this mort~sN any or either. sod said com. charges s~d expsnses. sach u~d ~wry. sF~sll be immedistey due and paysble: whether or not there be rwtioe. demand~ att~empt or ing: and ths fuil amount of esch and every such piyme~t shsll bear interost from tM date thereof until psid at the a~o~f~nd i~ par oantum par wxrn; snd ~II said costs, tharges and expenses s,o incurred or paid, together v`i3ih wth interest, shall be seturcd by the lien of tNs mortLap. 7. That (a) in the event of a~y bresch of this MortQa~ or default on the part of the MORTWGOR, or (b) i~ th~ erent any of said sums of rrwney herein referrod to be not pmmptly and iedly p~aid within thirty (30) days next sRer tFie same sev~~ly b~co~rit due and payabk, without demand or notice. or (d in the eve~t each and every the sNpulations. argeernents, ca~ditions sr?d oovensnts of ssid praNssory note and this mortgage any or aither sre not duly pranptly and fully pertormed, dischsrged. exccuted. effected. cornpleted complled with and abided by. then i~ eithe~ w sny such event. the said sggrcgste wm mentioned i~ ssid promiswry note tF~ romaining w~psW. with interost accrued. snd allmoneys secured hereby. shall becurr~e due and paysble forthwith, or thereafter, at ths option of said MORTGAGEE. as fully and compktely as if all of the said wms of money were originally stipulated M be psid cr? such day. snything in ssid promissory note or in this Mortgage to the contnry not withstanding; and thereupon w thereafter at the option of said MORTG/1GEE. without notice o? de~nand. suit at law or in equiry, may be prosecuted as if all moniss setured hercby had matured prior to ifs institution. 8. That in the event th~t at the begiru~ing of or at sny Nme pe~ding any wit upon this Mortgage. or to foretlose It. or to refornt it, or to enforce payment of ariy tlatms hrreurder, said MORTG/1GEE shsll apply to the Court having jurisdictia~ tF?ereof for ths appointnxr?t of a Receiver, wch Cou~t shall forthwith appoint a Receiver. of said mortgaged property all snd singular. including att and stngular the ~ income~ profits. iswes and revenues irom whatever source derived. each ard evary of which~ it being expressly undeestood, is hereby mort• ` gaged ss if specifiplly set forth and destribed in the granting and habendum clauses hereof, and such Reteiver shsll have all the broad and ~ effettive functions and powers in s~ywise entrusted by a Caurt to a Receive~. and such sppointmant shall bo mads by suth Court as an ~ admitt+ed equity and a matter of absolute right to said MORTGAGEE, and without reference to the ackq~wq or inadequacy of the value of ths 1 P~~~Y ~tBaBed or to the soivency or insolvency of said MORTGAGOR or the defendants, and that s~xh rents. Profils. tnoomes. iuuea ' and revenues sF~all be applied by such Receiver according to the lien or equiy of said MORTGAGEE and the pnctice of wch Court. ~ j 9. To dub pron+Ptly and fuily Perfom~. discharge. e~cecute. effect. complete canpty with and abide by each snd every the stipu- ~ ~ laticr~s, agreements~ conditions and covenants in said promiswry note and in this nartQaQe set forth. 10. That in the event the vwnership of the mortgaged prnmises. or any part thereof, beoanes vestetl in a person other than the ~ ; MORTGAGOR. the MORTCAGEE~ its wooesso~s and assigr?s, msy. without rwtioe to tha MORTWGOR. deal with wd~ waeswr ar wooes.wrs in interest with refe~nce to this mortgage and the dcbt he?eby setured in the same manner as with Mortgagor without in any way vitiating ~ ~ or discharginB the MortBa~or's lisbility hereunder or upon ths debt hereby secured. No sale of the premises hereby mortgaged and no fore- bearanoe on the part of the MORTG/1GEE or its suooessors or assigns and no extension of the Hme for the payr»ent of the deb! hereby setured ~ given by the MORTCJ~GEE or Its wocessas or sssigns, shall aperste w release. d~scharge. modify~ changee or sffeet the originsl liability of ~ the MORTGACAR herei~. either in whok or in part. ~ ~ 1 l. It is specifialy sgrced thst time 1s of the essanoe of this contnct and that no waiver or any obligation hersunder or of the obl~gatian securod hercby shall at any time theroaker be held to be a waiver of the tem~s henof or of the instrument secured hereby. IN WITNESS WHEREOF. iha said MORTGIIGOR has here~mto set his hsnd and s~! the dsy snd year Rrst aforessid ~ Si~ned. Sealed snd d~liwred ln prea~nce of: . . '(Seal) f , ~ - cs~?u - - - - - - ' - - - - - ~.v2~~~~i.U csEl?u ST/?TE OF Fl,ORIDA SS. COUN7Y OF. TIlS11~I!__~~~_ e.~.. iy ~_i L~ B~_a_~iley _a_nd Carol A. Bailey his, wife• St~e he~n_A Mis' , Jr. ~ and Frances~M~~spirc, his w e and Richard~. ~ins and Patricia~I,:"~-tebbins, ~ - ife Keniiec to ~n,. w.~~ wnowe+. snd wwwn to me w be th. i~+~vldwB aac~bea and who ~cKUted the ion~oit~ inttiurnant. and arlu~orv{~dpd b~fore m~ fhst they exectitCd the s~rt~e for the purposes tMr~ ~cpre~d. wm~ESS m,? t+.~e .~,a s..i ~,~z_._~.~ __e~v of_`__ une D. 19.,68. , ,1~i~i:~i u tcr: j;r1~.~ . i; n Q - - ~ - • .,v, ry Publk in arrd for th~ Stab of Flaid~ st L~?~e. : j~ . rI r;. I~h oon~~ian ~iros: : . ~ ~ (.~~exy Seal) J'~'~-7G i : . . . ~v, ~ O~G ~ . - ~ ~ ^ . : `n o W ~ ~ d ~ a V FF~'' Z i Z FILED AND ~ ~ RECORDEO ~ o ~ , ~ o ~ z ST.tLUCIE COUNTY, ~~A, ~ a» ~ o , ~ • ~ » _ _ ~ , 16?~"?"~?1 ~ p': y, r ~ u~ t t.; .-a 68 J!1J~ 6 PN : S 7 o~4i~ ~ ~ F OOCUMENrA~,. STAI~~P Tl! X ~r ~ ~ o = JUN 6~6~ , _ ~ _ ~ W N C~ = a~T'r 9 4 5 0~ ~ : h' ; ~1+~'?r~.5 CCt~!PTAGL:ea`,~ _ Q Cl.ERK~C~RCUIT COURT p~ °i f 1 R_ ~ 4~?' 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