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Home My WebLink About2670 . , , ~~•~,}r i poiicy or policl~s said MORTGNGEE shall F+~w th~ option to ra~oNvr snd ~ppyr tM su~ on aooo~a~t ot tM led~btrdrwss s~p~nd Me~r ar M permit said MORTGAGORS to noNw and us~ it or any put tFw+qf for otltK up~ without the~~by vwivity w impalrin~ any puily. lien or ?1~ht und~r a by virtw of this Mort~; snd i~ th~ ~wmt atd MORTCJ~ 01~ RS sh~ll fa sny rosso~ fall to lup tl» ~sid pnmisa so inw?sd. or btl to d~liwr pompth «+y of ~Id poiicia of ins~u~no~ to said MORTGl1GEE~ hti pcmpty to p~y fulhan~ ~~ium tMnto.. or in snY ~spKt fsll to perfonn, ditth~~. tx~u+t+. ~ff~tt. oompNl'~. canply with snd abid~ b~r M~b ww~+u+t. or a~Y P~ Mrwf. said MORT Gl~GEE may Plau arxl psy fa wd+ i~wrano~ wa~r p~rt th~nof without v~rNvtn~ a afhtt o~ tia+. li~?. puib. or ~t~ht u~d~r o? by virtw of this xt~ and th~ fuil sn~ount of Nch a~d w~ry sut~ paynwnf shal! bt i~t~jr dw snd paysbl~ snd shall ba~ int~rost f.om th~ d~M~1~~rsof ~unHl piid st tF~ nh of 7liLand ~ilCiiilli~ip~~ cent pK anrwm snd to`etMr with wch int~t sh~ll bt s~cured by th~ ~~M of seven one- quarter 4. To p~mnit, oonrnit or wfftr no vwst~. impaimNnt or d~teriastio~ of saW property or sey put thK~of. 5. It is he?eby specifically a~resd that sny sum w wrns wNch m~y b~ {oaned a advsnced by N,s Morc~a~se to th. Mornasor st s~t time after tM ratordir~ of this &~d~ntum. M~etfitr with interost thsrwn at the rat~ asrosd upon st th~ time of wch loan or sdvana. shall be eqwly sxurod with and F~w Nw same priority as ths aisi~.i ind.b~edn.~s. ~r,d b. wbject to ~u en. ~erms ar~d p.o~~a,s of ~t~: mo~wee: Provided~ thit the sure~att amounf of pri~tipal outstandin~ at any time shali not lxtted an amo~r~t equi) to one hundr~d and flffy ps? Cent (1 SO ~Xi) of !he printtpal snwunt aitin~liy secured he~a~y. 6. To p~sy all snd sin~ub. ths coats, cha?ga and expeeu~s, inciudin~ a reasonsbis •tb~ney s fee snd ooats of sbstract of Htle in. curred or p,~id atar~y tim~e by said MORTGI\GEE because or in ths evant of the failuro a: !heps~t of the said MORTG/IGOR to duly. promptty and fulhi Perfo+n?. discharge~ execute, e(fect. con+P~M. ~Ph? with a~d sbide by •adti and every the stipubtions. s~re~n+er?ts. conditions and ooven~nts of said p+omiuay r?ote and this mortgsge any or either. snd said costs, ch~rges snd exp~nses. eid~ and awry. sh~ll be immediately du~ a~d p~yable: wMther a not there be ~otite. do~nand. attempt ~e{~o~ ~r~y~s iull amount of each and every wch payrrNr?t shall bear iotemst from ths dste thereof unHl p~id at the ?ate~if~'ar d~~ aen` `~favn pK am~xn; and all said costs, tharges snd expenses so incur~ed or paid. to~ethe? with wch intemst, shall be securcd bv the Uen of tWs mortpQs. 7. Thst W in the event of any broach of this Mort~ or defauk on the paK of the MORTG/1COR, or (b) in ths event ~ny of ~aid sums of monay Fw.vein rofe~red to bs not prornptly snd fuify psid within thirty (30> days next after the same sevenlly bsoorn~ dus snd payabk. without den+and or ~otice. or (c) in the event each and every ths stipuistions~ srgeements. co~ditions snd covensnts of said promissay note and this mortgage sny or either sro not duly. prompty and tully perfomned. dixharged. exea,ted, effetted. compfel~sd com~?lied with a~d abided byr. N+en in either or ar~y such event. the ssid aggregate wm mentiorxd in said promiuory note then remsining ur~aid, with interost acc?ued. snd atl secured hercby. shall beoorne due and payable forthwith. or thereahe~. at the option of said MORTGAGEE. ss fuly and compktely as if a 1 of the said wms of money wero originally stipulated b be paid on sexh day. anything !n ssid promissory note or in th~s Mortgagee to the ca~trary not withstanding; a~d theroupo~ or thereafter at the optio~ of said MORTC/1GEE, without ootke or denwnd. suit at law or in equity. nwy be prosecuted as if all monies secured hereby had matured prior to its instituNon. 8. That in the event that at the beginning of or at arry time pending any wit upor~ this Mortgage~ or to iorockse it. or to re(~m it, or to enforoe payment of ar~y claimx hereix~der, said MORTCJ?GEE shall apply ro the Court having jurisdictio~ thereof fo? the sppointment of a Receiver, such Court shall forthwith appoint a Receiver. of ssid mortgaged prc+pery all and singulsr, including sll and singular the income. profits, issues and reve~wes from whatever source de~ived, wch snd every of which. it being e~essly ax~derstood. Is hanby mort- 8aged as if specifically set forth and described in the granting and habe~dum clauses hereof. and wch Receiver shsll have all the b?oaei and effective functiau and powers in ar~yvvise entrusted by a Court to s Receiver. and such sppointment shatl be macle by such Caurt ss an admitted epuiry and a matter of absolute righi to said MORTC,/1GEE, and without reference to the adeqwey or inadequacy of the vatue of the - P~~rtY ~~6aBCd o? to the solv~ency or insoh?MCy of said MORTGAGOR or the defendants. and that wd~ rents. profits„ inoomes. Issuea and revenues shall be applied by such Receiver aooording to the lien or cquiry of said MORTGAGEE and the practice of wd~ Court. 9. To duly, promptly and fully perform, distfiarge, exetute, effect. oompkte comply with and abide by eath and every the stipu- tar~ons, agreements. cw~ditions and ca,enants in ssid praniswry note and in tfiis mortQa~e set iorth. )0. That in the event the owr~ership of the mortgaged premises, or any part thereof. becanes vested in a person other than the MORTCAGOR, the MORTG/1GEE, its u~sors and assigns, may, without notice to the MORTG/1GOR, deal with such wocessor or successors in i~terest with reference to this mortgage arsd the debt hereby secured in the same rtwnner as weth Mortgagor without in any way vitiating er discharging the Morf~s~w's IisbiUry Mrc~r~dar or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- ` bearance en the part of the MORTGAGEE or its wocessors or usigns and eo exte~sion of the time for the payment of the deb~ hereby sewred given by the WlpRTG/?GEE or its wooessots o? assigns. shall operate to release, discharge, modify. thange or effect the original liability of the MORTG/?COR herein. either in whole or in parL 11. It is spetiflqlly ag?eed that tims is of the essenoe of this oontract and that no wsiver or any obligation hene~mder or of the obiigatian seared hereby shall st any tima thereaffe~ be held to be s waiver of the terms hereof or of the instrurr~snt secured hereby. IN WITNESS WHEREOF. the ssid MORTGAGOR hss hereunto set his hsnd snd ssal tFie day snd year fi?st a~oressid. ~ Sl~ned. Se~sled and deliverod ie proserxa of; ~ . ; ~ ~ - ,l-~.~~ ~ - ISEAU n - - - - ~~'%~:~s ~ _ sT~~ oF FwRiu~? ~ c~urir~r oF___Indian River ~ F e.~?. R» a.~.~h .v~.~.a LEONARD H. SCHI_L_',KE ~~,a ETHEL SCHILKE ~~~p k~wwr~. snd k~wwn to me to be th~ i~dividwb described in and wFa e~ceait~d tht fo?e~oiry~ instrument. and acknowld~ed beiore ms that they exewted the same for the purposes therein expransd. ~ i ~iA7~~+~++~+~.~a a~.~ ~i ~__.__.__L~O-_ ~ A ril- ~ ~9.69, f : • f~' S~,' - C! _ - G Nobry Publk in and for the ShM of F ~t L.u~e- _-y~ ~~~~r~c~y-~l> . ~~,a, - ' ~ ~ ~^"'r" ~ ' ; ~ = 110iARY PUBUC STATE oi fIORlDA at LARGE ~ ~ • . J~~ 1~.;~ : Yl' COMWISSION EXPIRES IAAR. 19. 1973 ~ ~ :1 . . ( d . r FI~ED AND RECOROED~ ~ . . . ::r t + ~ : : ST. IUCIE COUNTY. FLa:' ~ ! A GuCUN~EP~_H=.-:,~~~ i~i; :P 1~::C ^n~CORn VEnlr'I~D ~ C a - a~2~'69 j~~?1 ~ o~ w ~,`~~.~.,A~,- ~ 8 q ~u 1° S ~ CD~tATRO!l.F~~, ~ 0_ t69 APn G' W7 3 3 ~~y~1 f ~?~}.t99tb9 ~M ~'y - A~'+~ rr l~ ~,s;, Q „n ~ c, i/~ ~ t~ w ~ ~ V ri~~Er~, f OIT~S ~ ~ ; ~ A o ~ CLERK C~RCUIT COURT F+ : ~ ~ . ~z~ Q ` o . - < ~ ~ ~ ~ ~ ~ ~ . ~i~ ~2~? ~ . ~ ~ s ~ ~ - - - ~ ~ ,.~r~ ~ ~Y = ~ ~ x~