HomeMy WebLinkAbout0602 t
Y '
paiq or polkies ssid MORTG/?GEE shsll h~w th~ aPNon to noMw indapp~y ttN s~m~ an aooa~nt ot tM ind~b»dnsss s~a~nd Mnbv or ~
pemnit said MORTG/1CAR5 to roaiw snd uss it or any put tF+«~of for otMr without tMroby vwivin~ or impsiM~ +nY ~+~b.
lien or ?i t und~~ or by virtu~ oF this Mort~s~: and in th~ ~+t ssid MORT~~~ sh+ll fo? sny ro~soo hll to kMp th~ ssid pn~r?tsa
so i . or hil w d.l~ promptly any of ~~d polkia of in~uana to ~~d MORTW~, a hu ~a~ch w wy tu~Nsn~? ~«nk,~n tF+e~.fa.
o~ in any nsp~ct fiil to perfomn, disd+uN~ tx~cufs, eHect~ oompNt~. complY with snd abid~ by this oove~snt~ or a~Y MK ~+of ssid MORT
GAGEE msy pl~a and psy for wch insunna or sny pirt th~nof without wsivin~ or a ~Iop
tion. Ile~. p~dtY. a ~i~l+t und~r or by
virtus of thk Mort~sp
. ~rd the tull snaunf of e~ch and w~ry wd~ Payment shall bs ~rNY dw ud W1rab~° snd shall ba~ intsrest
from tF+~ d~te theroof until patd st ths att of lII~i[ and tenths psr cent p~r anrwm and to~etF+K with wd+ inte~t shsll be s~wrod by tt»
of ~ seven t~ve
4. To pKmit~ oawr?it or wffar ~o waste, impaimn~t a d~terioration of said p~operty or any Part theraot•
S. it is hercby sPecificslly a~reed that sny swn or wms wNch may be loaned or sdvsnced b~r the Mortas~ee to tFw Mortp~or ~t ar~
time aftK ths rooordin~ of thk inde~tum. taQether with interost theroon at the nte aQreed upon at ths tims of wch loan or sdvsnce. shall bs
eqwlly sewrcd with ud have ths ssme priority as the oN`irv) i~~dsbtedn~s. and be wbjett to sll the temns snd provisia~s of Mis mort6a~e:
P~idod. th~t ths sg~ragate amamt of principal outstandina at ae~r time shall not exoeed an srt~ount eqwt to one hcx?dred snd fifty per cent
(150%) of the printipal amount wi~inslly securod he~eby.
6. To pay ali snd singular the oosts. charges snd expa~ses, includtry~ a ~e~soosbk att~~ey's fee and oosts of abstnct of Ntk in-
curred o? paid at sn Nms by said MORTGAGEE because o? in tM evont of the hiluro on thepart of the ssW MORTWGOR to duly. p~ariptly
and fuib perfomn~ ~?~e. exacute. eHrct. ~o~'+Pkte. oomply wtth snd sWde by each a~d every ths sttpulations. s~crosmer+n. oor,~tiau
and oovenants of said pranissory note snd this mort~ sny or either~ snd said costs. d+arges and exans~s. each and ~wry. shsll bs
immadiat~ly due and piyable; whsther or not there b~ notios. dNna~d. sttempt ~ . snd th~ full smax?t of eath snd
every wch psyrna?t shsll bear interest fran the dste tF~eof unHl psid st the nte~iF~1g~ tenths per oenturn,per srrwr+n; snd all said
costs, charges and expenses so inaured or paid, together with such interost. shsll be saurod by the Iten of this ~s~s.
7. That in the event of any breach of this Mo~a~e or dafault on the part of the MORTG/?COR~ or (b) in ths avent amr of said
sums of mor~ey herein roferred to be not pranptly and fully psW within thi?ty (30) days next sfter the same sever~lly beoane dus and payab~e. ~
without demand or notice. or (cJ in the eve~t eacF+ and every the stipulaNoru. a?geements, ta~ditioru and oovensnts of ssW promtssory note
and this mortAage any ur eitF~ src not duly. prampNy and fully performed. discha~gcd. exewted. effected. compbted complied with and
abided by. the~ in either or any wd~ event. the sakl sggregats sum mentia~ed in said promissory note tFien rematning unpaid. with interest
accrued. and allmoneys secured F~eby. shal) beoome due and WYsb~e forthwith. or thereaher, at the option of said MORTG/1GEE. as fuliy
and cornpbtely 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
this Mortgage to the tantnry not withstanding; and thercupon or theresker at the opHon of said MORTGAGEE, without nottce or danand.
suit at law or in equity. nwy be prosecuted as if all ~i~onies setured hereby had rnatured prior to its irtstitution.
8. That in tfie event tMi at the beginning ot or at sny tlme pending any suit upon this Mortgage. or to foreclose it, or to reform
it, or to enforoe payment of any clairm hereunder. said MORTG/1GEE shall spply to the Court having juris~iction thereof for the sppointrncr?t
ot a Receiver. such Court shall fo?thwith appoint a Receiver. of said mortgaged property all and singular. including all and singular the
income. proHts. iswes and nevenues from whatever source derived. each and every of which. it being expressly uederstood. Is herebY nwrt'
gaged as if specifically set forth and described in the granting and haberxfum clauses hereof, and suth Receiver shall have all the broad and
effective functions and powers in anywise entrusted by a Court to a Receive~, and wch appointment shall be rr~ade by wch Court as an
admitted equity and a matte? of absolute ~ight to said MORTGAGEE. and without reference to the adeqwcy or inadecnwcy of the value of the
property mortgaged or to the wlver~r or iruolvency of saW MORTGAGOR or the defendants. and that wd~ ronts. profits. inoomes, iswea
and revenues shall be applied by wch Receiver aocording to the lie~ or equity of said MORTGAGEE and the practice of wch Court.
9. To duly. Pranptly and fully perform. discharge, execute. effect. wmplete camply with and abide by each and every the stipu-
lations. agreeme~ts. conditions and tovenanh in said pranissory note and in this mortgaQe set forth.
10. TFwt in the event the ownership ot the mortgaged premises, or any part thereof. becomes vested in a person otlfer than the
MORTGAGOR. the MORTC/~GEE, its wooessors and assigru, may. without notice to the MORTG/~GOR, deal with such succeuor or waessors !
in interest with reference to this mortgage and tke debt he?eby setured in the same manner as with Mwtgagor withou~ in any way vitiating
or discF~arging ths Mortgsgor's liabillty hernu~der or upon the dabt hereby sewred. No sab of the premises hereby mort6a6ed and no fore-
bearanoe on the part of the MORTGAGEE or its suocessors or sssi~ns and no extension of the time for the payment of the debt hereby.sccured
given by the MORTGJIGEE or ih suooessors or assigns, shall operate to release. ~scharge. modify. chsnge or effe~t the original lisbility of
the MORTG/1GOR herein. either in whob or in p0rt.
1 l. It is specifiplly sgroed that Nms is of the essenoe of this contract and that ra waiver or am+ abligaHon hsreunder or of the
obligatian secured hereby shall st any time thereafter be held to be s waiver of the terms F~ereof or of the instrument secured hereby.
IN WITNESS WHEREOF, the saW MORTGAGOR has here~mto set his hand and ssal tF+e dsy and yesr fint atoresaid.
Signed. Sealed snd deliverod (n prosence of: .
-
I
.
I
.
.
E ~
f - / - - - ~~i~~l'""""_~1___ ~ ----G~,~:u!~?'r`iSEI?U
~ - - - - - - i
ST/1TE OF FLORIDA l
J ~ i
courrr~r oF~~n River
in EPH O. M~~A~[~M ~~,a ~
Before me oe~~b ~PP~rod -,1~~--
ANN M~cn~ .1.~-----~ w,~,. snd krawn to me to be the individusls described in
and who ezsa~ted the fore~oin~ instrtx+~t, and adcnovvled~ed before me thst they exewted the same for the purposes therein expressed.
wm~~s .~,v ~d ~~a off~a~i ~-_Au st a o. ~9 68_ .
~
J.~ _ Notsry Publit in a fo? the Stat~ of Florids at La~e.+-•---- -
Q .3EAL) M,? a°"""~«+
' ~ : ~A`i T~~i.Y ~ ?ts
.
~ . W
~ ~ - `i- . . . . . l . . . . ~ ~
~ ~ t/~ z ItNlio~~~l;~ FILEO ANO RECORDED R~
~ - C7 ° ~ ST. LUCIE COUNTY. FLA. ~
W ~ ~ : . ~ ~ , ~ o
~ - Q Z ~.a ~ ~~~:C~i?f! b'~RirIF(~ ~
r~
A F' _ ~ a
> o ~ ; a t ~ ~ .16~1`724 ~ p~
'Q M,~ ~~;,.~,,~T ~f, ~ 68 AUG I 9 PM 3: 4 I ~
W N W ~ ,
e> L t,~~v ~ M~ pq
V - a z ~ ~ t ) ~ ~ z ~ ~
~ o~ Jz~~.~~,~'I~ ~U;~~~? ~?oi7R:.S V~ ai V
r~~ A-~ z ~ o' CLERK CIRCUIT COURT p~p
V ~ ° ~ ~ ~ ~ ~ O
* Z - U 'a' a = a
r' ` ~)°ibniuiiwa ~q ~
~ ~Y 0 R • ~
Q J11N~0~ QOOK~~ P~CE ~/~7't E
3~~m •ls ~ ~
~ ~ ~
- ~ v~