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Home My WebLink About0614 d. To p~y all and sin~ulu We costs. char~es. and expen~es. lncl~~ reasot~abl~ att~rnep?s' fees aad costa of abstracts of tit1R iacurred or paid at uq? ti:ne by tDe Morts+~eea because oi and/or in the event o! (a) the iailure on the part oi the Mort~a~ors to du17. PromP~r and fu11Y PeKona and abide by each and every the atipulations. agreements~ conditions. and covenants oi sai~ promiasory note and this mort~ate, or (b) the filing oi eminent d~main ProceedinW a~airut the mortga~ed properL9 or any put thereot. or rc) the bank- ruptcy or inaolvency oi the Mort~agora, or (d) the Mort~~ees shall be made~ puties t~ or slia:l intemae in aqy actlon or proceedings aitectfng We properU? or the tle thereto; urd said costs„ charaes, and expenaes, each and every. shaU be unmediately due snd p~? able, whether or not there be notice. demand. attempt to collect, or suitpen ding; and the full amount ot ~ch s~+chp~ym ent by the Mor~a~ e~es shall beu intereri irom the date thereol until paid at the nte oi eight per cent (A9G) per u~num; aad all such p~1?ments and such interest ahall be secured by We llen ai this mortgage. 7. In the event that a~y sum of money becoma pa7?able to the ~a~on as a t~esult e~ or in lieu o! aq~ taking oi the premisea or aQy part theriwi under the power of eminent domata. or because ot anydama~e ~o the premixa. the Mortgagees ~haU have the optioa to receive U~e full aum, and. after Uu payment o! ~heir espe~sea, including cos~s and at~~s' iees. to apply the same on account ot the iadebtedness sccured hereby; or the Mortga~ees may t the M~a~ora to receive such sum or u~r part thereoi. 8. That (a) in tde event oi any breach of in~a~ e or detault on tl~e part ot the Mort~~tera. or (b) in the event any ot said sums of moaey hereln rderred to~e not D~p~1Y a~ ~+11Y P~d withia ten ds~ys next atter the same aeverally become due and p~yable. without demand or notice, or (c) in the eveat each and ever~? the stipulationR agreements. rnndltions and covenants oi said promi~y note and this ~r~a~e, anY or e~ther. ue not duly. Pron?PtV and fu1~Y Peri~ru?ed. disch ed. ~acecuted. etiectcd. comple complied eru with and abided by; the0. in athu or any such event, the d aggregate sum mentioned in pro3nis- aory note then ~maininB unpaid, with interest accrued. and aU moneys s~u~d hereby, shall be~~e due and pa~yable iorthwith. or thereatter at the option of the Mort~agees, aa tully and completely as it ~11 oi the aaid sums oi money were ari~nallY stipulated to be ~aid on such day. a~6 in aaid promiswi'Y note and/or in this mortgage to the rnn notwithatanding; and thereupan or the~iter at the option oi the Mortgagees. without notice or dema~ suit at law or in equity, theretofore. or thereatter be~un, may be prosecuted as ii all moneys secured hereby had matured prior ~o its institution. 9. Withont affecting the liabiliq? of aTMy peraon n~i released pursuant hereto. and without afiecting the lien hereoi uponany p~ not released purauant hereto. ffie Mortgagees ~y at any timq without notice. releaae aqyperaon liable or the pqyment oi an,y oi the indebtedness securcd her~by. e~ctend the time or agree to alter the terma ot an,y of the indebtedness. or release any part oi the property securing ttre indebtedneas. 10. Ii requested by the Mortgageea. in addition to the montt~y inatallments to be paid by the terms ot the note secured hereby. the Mortgagors will pay to •'~P Mortgagees a monttily sameq ual to 1/ls oi annual taxes. aaa~nents. and insurance premiums. as estimated by the Mortgagees. which laat said monthly pay ments ahall be credited by the Mortgageea to app~jr in psyment ot safd taxes„ a~ents~ and insurance preaniums. Ii the total oi the paymenta made by the Mortgagora under tbis paragrap shall eacceed the amount oi payments actual~+ made by the Mortgageea for tazes. as~ents. a dn i~~surance premi~mns. auch e~cceas s:iall be credited by the Mortg ees on subaequent ta of the aame nature to be made by the Morts ora. Ii, however. the month~y paymenb made the Mortgagon umder tbis parasraph ahall not be ~icient to p$y ta~ce~ a~enta, and inaurance premiuma when the same shall become due and payabl~ ttien the Mortgagora ahall pay to the Mortgagees any amount nece~arrY to make up the de- ficiency on ar before the date when auch payment shall be due. Failure oi the Mortgagon to mal~e ffie payments pmvided in this ph shall conatitute a deisult hereunder. Bscb raonth all pa~nenb men- tioned in thia para8raph and~pa~ enb to be made under the note aecured hereby ahall be added together and the aggregate amount thereoi shall be paid by the Mortgagors in a single papment il. In the event that at the beginning of or at aqy time pending aqy aut upoa tbia au~~tBagq or to foreclose ik or to reforna ik ena/or to eniorce payment oi a~y claima hereunder. the Mortgagees sba11 apply to the court ha~ng ~urisdiction thereoi for the appointmeat oi a Receiver. such court shall forthwith appoint . a Aeceiver of aaid mortgaged propertq all and singular. including all and~g~ ar the rents. income, pmiita. issuea and revenuea irom whatever source deriy~, each and every M which~ ~t ~y undentood. l is herebyrmortgaged as if speciiical~y aet iorth and described in the granting andb~imn c~auaes hereoi. ~ and such Receiver ahall have all the broad and efiective i~uutions and powers in auy ~rise entrusted by a ~ court to a Receiver. and such appointment shall be made by such oourt as an admitted eqnity snd a matter ; of absolute right tfl the Mortgagees, snd without reference to the adequary or inadequacy oi the value o! the property mortgaged or to the solvency or insolvency of the Mortg ors and/or ot the defendanb. and such rents. income. Proiits. issues and revenues shall be applied by such ver acrording to the lien and/or equiq~ of the Mortgagees and the practice oi such court. 1Z. The loan represented b the mortgage note secured hereby will be advanced in accordance wi~h a construction loan agreement executed by the mort agee and mortgagors. Any default by the mortgagors there- under shall~e a default under this mortgage. IT IS MLITUAI.I.Y C0~IENANTED AND AGREED by and between the Mortgagors and the Mort~a~ees tbat this mortgage and the note secured herebp constitute a Florida oontract and shall be oonstrued accord- ing to the laws oi that Statc. WITNFSS tbe hands and seals oi said Mortgagors the da~y and year grst above wrlttea. ! Signed. sealed. and delivered in the presence ot { ~ ~ csa~w~ C arles W. Croo s ~ ~~.1~ ~ ~ - csa~i.) Leah J. oo s ~ "'i~.o-a-i~..~ ( SEAL) ~ M le E. Crooks ' STATE OF ~0~~ coux~ oF ST_ LUCIE ~ I HEREBY CERTIFY that on this day, before me. an officer duly authorized in the State and County afore- ~ said to take acknowledgments, penonally appeared _ Charles W_ Crnnks and Leah J_ . f Crooks, his wife, and Myrtle E. Crooks, a widow, . peraon(s) described in and who ezecuted the foregoing inatrument~ and acknoWle~~ ~G~Q~'•., to me known to be the before me executing the same. ~ . J ~ 1 ~ c~ " WITNLSS my hand and seal and County aforesaid this day of _ A. D. 1~_ FILED A~JD R~~ = . ~ LLC;c rOUt:TY. FL%• w~ ~ ~ . ~ 1'7`786U ~ ~ " ~ ~ ~ Notary Pub ic , '69 ~Y 5 ~ • 2 ~ My Commiasion expires ~ O - ~',Z ~ ' , ~ (~j~ ~ woaas. ~eo~:ws • a~iMS~s~r 0 R "J''f •I!" ~ JACKWNVILLL FIORIDA SO4K ~ 1 I PAGE ~ ~ , 614 . • i: . ' C ~U R7 : : _ _ _ 5 .