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HomeMy WebLinkAbout1989 ~ ~,t' c . oa1c~? or paid~s ssic~ MORtcA~GEE shi~~ Mw d+. optio~ w n.ahi..na appy? m. s~m. w, aooount ot er~. Ir~d~br.ar»~ ~.au.e Iwhb,? or M p~mdt said MORTCNOORS ro naiw and w. It a an~? wrt th«+wf fo. arw p ~pos~t wtM~out tFwrb~? wNvl~ ar MnpN~+t +~1? ~q~+ib. It~ or rl~ht undK or by viAw of this Mortpp: and h!Fw w~nt s~W MORl'GJ~ICARS shtll to? an~? ~sa+ fMl to kMP !M s~id P~'~~ so insw~d. a fail to d~11w? promptly an~r af tsid poUciK of i~ana to said MOR o? fstl prompty w phr fulh?an~r M~~~ or i~ aey nspect fail to pKfonn, duclrrp. ~ac~+t+. ~ff~ct. aomPlN~. ea+~ly wiM i~ b~r tNs oova~ant. or +nf? Pat hKwf. s~W MORT C/1GEE ma~r plaes and psy fa sueh ie?~uana oran~? p~rt tMnof without vnaivin~ or a any . ~i~n. puib. a ~i~ht ~a+dK or b7l virtu~ of Mas p~~ . and th~ ~ull amamt of Neh and such Psym~nt ~il b~ ~~atN1r °w and MY+bN and sh+ll btst intKesi ftom tM dtb~it~lwreof unNi ptid at t1t~ nh of ~(Md ~ PM tu~t p~r arrx~e ud f~o~etM? wifh auCh int~nst shttl b~ s~tund b~l th~ r~^ ~ ~ ^10~'~. seven one-quarter _ To p~rrNt, oonrdt ar wffN no wasb. tmpiirm~nt or d~tKionHon of s~id papKty w any put thK~of. 5. It b 1~sroby specifksl1y a~n.d N,.t any sum or sums wFwch nay bs lo~n~d or advar?o.dby f1+s Mo~t~ssee to tM Mort~s~ st u+y time sft~ tM woordin~ of tFds ind~ntun. to~tlwr with intMat tMnoo at the ~at~e K~ ~+P~ at th~ ti~r» of such ban or advana. ~11 bs eqwlly s~axed with and h~w tFa ssn+e DHority as th~ ort~inal ind~bt~dnas. snd b~ wbj~ct to all th~ tKna and provkians of thb enortWS~c Provid~d. th~t ths s~rt~ab srnount of pri~cipal outstandins at any time shall not exeoed an amount eqwl to one hundnd ~nd fif1~r psr o~+t (150~r) of tht P~P~1 amount orip~ally secund hereby. 6. To pay all ~nd sin~ubr ths oosts, char~as snd snp~ua. inchdir?~ a rossonabh a 's iw snd oosis of ~Mact of Htl~ in~ r cur~ed or psid at any tims by seid MORTGAGEE becaus~ or in th~ ~va~t of tha bilws on th~ps ~t the saW MORTGAOOR to duh. p?on+Pthl and fully pe[form. disd~~e. ~ecute. effsct. aomplat~. oon+P~Y with and aMd~ b~r ~xh and ~y tht stipubtion=. +t?Nn~ts. oor~tions and ooverynts of said promissory noM snd this e?ort~~ snY or dthtr. snd s~W oosls, d~aRes and e~cp~ns~s„ ~sch and NwY. shtll b~ irrxee~ately dus and W1?abk: whsthsr w not thero be notio~. d~rand. attempt~~p~ tull ama~nt of each and every wch psyn~snt shail bea~ ioter~st from th~ dste tMreof until psid at ths ra a pK anrMan: s~d all s~W costs. char~es and expcY+ses so inax?ed or pald. to~ethe? with wd~ int~rost. shall be secur~d by ien of thls mat~aK 7. Thst W in ths e+ront of any brorch of this Mortp~e or default on the pa~t of the MORTG/1001i. or (b) in th~ fvent sny of ssW wms of n~oney herein tehrrsd to be not promptly and iull~? p~W within thirty (30) days next sfter th~ same sewraly b~ooe» due and paysbl~. without dernand or notice, or in the event each snd evary the stipubtioru„ s~eements. conditio~s snd trovanants of said p~anissory note and this nartssseae~ or eitl~ aro not duly. PromPtiy snd fully per(o~msd. disd+arged, euecutsd. effstted. oon'iPlet+d tomplled with and abided by. tF~an i~ eitt~er a any wch event, ths said aggregate wm mentioned in ssid p~amissory rate t1+e~ romslnin~ u+psid. with interest actrued. a~d sllma~eys securod he~eby. shall beoam dw and payable forthwith, or tl~ereafte?. at the optio~ of said MORTGNC;EE. ss fully and eompktel~r as if ail ot the ssid wms of money waro originslly stipubted to be psid on wch daY. a~ythin~ in said ~anissay note or in this Morfgage to th~ oontnry not withshn~nt; and theraupon a thereafter at the optio~? of said MORTGAGEE. wEfhout rwtke or denw~d. suit at law or in equiy. may be praaecuted as if all monies secured hersby h~d maturod prior to its institution. 8. Thst in the ewnt thst st tfie bsginnin~ of or at any time pending sny wit upon this Mort~sg~. or to foroclose it, or ro reform it, or to enforce psyment of any ctairr~s he~eunder, said MORTGACEE shall spply to the Court haviog ju~isdictian tt?ereof for the appointmcnt of a Receiver. such Court shall forthwith appdnt a Rcceiver. of sald mortgsged property all and singular. inclu~ng all and singular the income, profits, inues and reverxies from whatever source derived. ach srd every of which. it beio6 ~~Y ~~d is F~erebY r~t- gsged ss if spxifiwlly se~ forth and described in tF+e granting and habend~un clsusa hereof, and such Reoeiver sh~ll have sll the M~oad and effective functiau and powca in anywise e~trusted by s Court b a Reosiver, and wd~ sppointment shsll be msds by wd~ Court as an- admitted eQuity and s matter of absolute right to said MORTG/~GEE. and without refererKe to the adec~wcy or insdeq~w~.y of the vafue of the P?opertY mort~a8ed or to the soivency or insolvency of said MORTG/1GOR or the defendants, snd that suth ronts. profits, inoo~nes, issues and revenues shail be appiied by such Receive? aocording to the lien or equiy of said MORTG/?GEE and the pnctioe of wd~ Court. 9. To dulY P~Ptiy and fully perionn. distharge. execute. effect. oomplete con+P~Y with arx! abide by esch and every the stipu- latio~. agrcements. oondifians and oovenants i~ said pranissory note and in this mortQa~e set forth. 10. That in the ava~t the ownership of the mortgsged premises, or sny part thereof. becornes vested in a person other tFwn the MORTGAGOR. the MORTGJIGEE, its sutoessors ind assigns, msy. without notite to the MORTGAGOR. deal with wch wocasor o? suooessors in interest with referenoe to this mort~age and the debt hereby secured in the same rr~aru~er as with Mortgagor witfiout i~ srry way vitiating or disd~rgir~ the Mort~ors 1lability hera~dsr or upon tha dabt hercby secured. No sab of the premises hereby mortgaged and no fore- bearanoe on the part of the MORTGAGEE or its wocessws o? sssipa snd no extension of the time fo? the payment of the debt hercby secured given by the MORTGACEE or tts wooessors or sssigns, shall opente to rele~se. discharge. ~nodify. change or effect ths origlnal liability of the MORTGAGOR herein. either in wholt or 1n pa?t. 11. It is specifiallr~agrosd tliat time is of ths essanoe of this oontnct snd that no waiver or sny obli~ation Mraunder o? of the obligatian secured heraby shall st stry tiene thereahe? be held to be a waivar of the terms hereof or of the inshunent stourod hereby. IN WITNESS WHEREOF. the sstd MORTGACAR hss~ hereunw s~t Ns hand and sea! the day and yesr flrst aioressld. Si~pnsd. Ssaled and ddiwrsd in praeno~ of: The john M. McCatty and Louise F. McCarty Trust ~ ~ ~ ' ~ . . s ~ . ~ B cs~?u ~ - - : ' Ind'viduaIly a d--- --~e--- - ~ ~ • . ~ -~-1~~--- - cs~?u $ sT~~ oF ~eio~ vi~ dua~y and as Trustee ~ ~ ss. . ~ ~ counnv .o~_,: . . ohn M. McCar and Louise F. McCa his wife, individu e~fOr..~~»;P~s~!?a~h? •i~a~ - --a~--~ es~ ohn M. NicCa - F I~V ~r~' T~Steh. ~5.a u~ ,~,o fa!~O+~s ir~t~a++. «,a m. eh.t t+~ej? .xewt~d ths sams tor the p~xposs th.r.in ~xpren.d. ; , .~~}~~,~++v tM!~r~ ~~I sal thls__L~ .~day of ~ te ~I ------~____T_~. A D. 19_68_ l, " F _ ~ Notsry Publk ~n snd for th~ Stat~ of Fbrid~ at l~rp. - ~,tT • /-~.2.- 7/ (I~~,~~'jr'~ _ vt~? ooennidon ~~xptns: - (11 ~ ~ " ' ' ~ ~"i' u Fi ~ ~ t~ ~ D"JCU~ ~EN~Ar'='~STAidt~ TAX a A -i ~ = SE?20'S8 f~~; - w = ~~3 7 5 0= FILEO ANO RECOROED ~ ` N v co~r~o~tE~~~~-~ ST. LUCIE COUNTY FLA. ~ w PQ.~4013s -~~`rY_ ' ar_~`Q~'r^ • ' ~ ~0 A ' 1 i~l~~~~ ~ a ~ a » ~ o '68 ~ . a~ . ~ i w . » SEP 23 Abi I I. 30 _ -a ` ~ ~ ~ ~ a3 ~ ~i p~ o L R G~.R POtTR".S v ~ = W~ ~ G~ C E K CIRCUIT CQURT ~ ~ ~ ti.~ Z ~ ~ ~ ~ p ~ ~ A ~ ~ ~ ~ aa > , ~ ~ 6001I~~ PACE~~~ ~ , ~ ~ " ~ . ~