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Home My WebLink About0851 -p ~TATE ~-,F ~ SG~?i:~ni ~ ctf ~c1~ou~COURT ~ " t~~~)iUMEN1AR~ s Tnmt~ t _ i ~Ea~r~EG ~s u' ~(P~ Uf NtYChU~- ~ ~ Ayr ~ C. ~ Ailii~~l~ ~i~~.~~ O i~ V ' APP. ~l 'F ~V ~ ~~7 '~`.2 w Pt. ° ~ =~t~+~ - ° ~ . . :364381 aluU havs the optioa to roceive and ~pply ihe same on atciwnt of the indebtedoess sscured hersby or to pwmit said Mort~~ to ?eceive and ux it or •ny pert thereo( for oth~ purpoaeA without tt~eteby waiving ot impairinR aay equity, lkn or rtght under or bv virtue o( this mortqsge: md in tl~ event said Mortgag~ shall tor ~ny rr~on t~il to kesp the said promises so iesund. or fail to deliver p?omptly ~~y of s~id policies ot insur~nos to add Mortgages, or [ail promptly to pay fully any p~emium tAerefor, or in any respeet tail to perlorno, disch~rgr, excuts, eftect. rnmplete, comply writA and abide by, this coveoant, w an~ part hereot, said Mort~gw may pt~o~ and p~Y tor such iesur~nee or any part thereot rrthout waiving or at/uctinR sny option, lien. equity or riaht nnder or by virtue ot this mort~age, aad t~e tuU ~mouat oi esch and every auch ~vment ahaU be immediately due and p~y~b{s and sh~U bear intereit from tl~e date thenwt untU paid ~t lhe rate oI ten per centum per annum ~nd wgetiKr witb such interest ~haU be secured by the lien of this mortgage. 1. To permit, commit or autte~ no ~raste, impairment or delerioration of aaid property or any paK thereoL . S. To p~y all ~nd eingulu the costa, chsrRee end e:pen~e.+. including re~~onabk I~wyer's fees aud oost ot abstracts o( titie, incurred or paid ~t any time by said Mortgagee because a~'or in the eveat.of the failun on the pirt of the aaid MortgaRor w duly. Exwnptly aad fuUy pe~torm, dixharge, execute, eitect, oomplete, oomply wr?th ~nd abide by each aad every tl~e stipulatiwu, agreemeate, eondit'ans and coven~nts of said ptomi~sory note. and lhis mortgage, any or ~ther. aad said costs. charges and e:penx~. esch. end every. shall be immediately due and - payabk, whetAer or nat there be nofice. ~nd, attempt to coUect or suit pending; and t6e tull amonnt of e~ch aed every sncA paymeat shall bear interest-from the dete thereof until psid at the nte ot ten per c~tum per annum; ~nd ~ll raid coets, charges and e:pensea ao incurred or paid, toQetFier w~ith such intereat, ehail bs ~eeured by the lien ot thin mortgage. 6. 17ut 1~1 in the event ot any bre~ch of this mortgage or detault on tt?e part ot the Matgagor, o: tb1 in t6~ - event aay of said sums of aaoney herein reterred to be not promptly and fuUy paid within teu days a~ezt aft~ tLe aame sever~lly become due ~nd p~yabk, without demand or notice, or (cl in the evant e~ch wd evety the stipul~tious. agreemente. conditaae and covenanta ot said promiaaory note aad thie mortqage. any or either. are not duly. Pro~PUY and tully pertorn~ed. discharged, e:eruted. ettected. completed. aomplied with and abided by. tAen. in either or eny such event, tbe said ~ggregate sum mentioned in said promi~ory note then remaining unpaid, with int~est actrued, and aU moneya secured hereby, she11 become due and paysbk forth+rth or thereafter. at the option ot s~d Mortgagee, aa tuUy and tomplrtely aa i( a!) oi the eaid suma of nomey were eriginally etipulated W be paid on snch d~y. anything in said promiasory ~wte, and or ia thia mortgaKe to the rnntrary ~wt~rithstandin~ aod thereupon ar tbere~fter at t!u optioe ot ssid Mortgagee, without nocice or damand. suit at law or w equity, theretofore, or therwhar 5egun, may be proaecuted as if all money~ ~ecured hereby had matured prior to ib instiWtion. ; 7. That in the event that at tbe beginning of or at any time pending any suit upon this mortgage, a to torecbee it, or to reform it, and/or w enforce payment ot any claim~ hereund~. said Mortga~ee alull apply to the caut j having juriadictia~ thereot tor the appointment ot a Receiver, such court shaU fort!?with appoint • Receiver ot s~id ''I mortgaged pmperty aU .aad singular, including aU and singular the rent~ income pmfits, issues and r+eveouss trom whatav~ soucce derived, each and every of whicA. it being e:preasly under9tood is henby mortgaged ai if ; epecifically set forth and described in the granting and habendum eLu~e, '.~r. ~f, snd snch Reteiver shaU havs j ~11 the broad and eftective tunctions aad powmre in nnyw~e entrusted by e co::tt !n a Receiver, aad sucd appoiatmeat l , slull be made by sncb court u~n admitted equity a~d e matter of aM~olut :qLi to said Mortgagee. ud witwont referenoe W the adequacy or inadequacy ot the value ot tfie property mwtRaRed or to thr sulvency or insolvency I of said Mortgagor ertdlor of the detendanta. and that +uch rent~. Qrofita, income, issues and revenues shaU be applied I by sueh Receiver aeoording to the kin and!or equity of said lllortqsqee and the practice of sueh eourt. 8. it ia understood ~ad agreed tbat this mortgage is gieen to ~ectiue, in eddition to the note or obligation ~ above deseribed any additional {oans or tuture advancea made writhin twrenty yeer~ trom date hereof by the mortg~gee i to aaid tnortgagors or •ny ~ucceasor in titk ot eaid mortgegors of the property hereby caeveyed: pravided tF~t the ~ total u~p~id belance ot the indebtednes.~ xcnred hereby a! am one time shaU ~x~t e:ceed the ma:imum priocipal ` amount of ! ~ ~ Three thousa~d f~v~hundred ~ ~3 ~ Q - Is 1. plus interest tF~«reon a any ~e xmenta ma e y~ e~mo~ ~agee for the psyment ot ta:ea, leviee o~ ins~usnce ~ os? t!k property encambered hereby, with interest on ~uch disFwr~emenfa. { ' ~ IN WITNESS WHERFOF. the seid ~fortgagor ha+ executed this ~nort~age under sesl on tt?e day and yeu herein ; first above written. I t ~ ' Signed, se~led and deli~•ered in the prese~ce ot: ! ISEALI ~ Huc~+ . WILLEY ; ~sE~L? ! S!'ATE OF FLORIDA COUA[TY OF ST. 1.UCIF, Before tae peraonally appeartd Hugh A._ Ni1le~of _501_ W. 11th, Traverse C1tY, MI 49684 - _ , . . . . s ~ to me well icnowm sad known to me to be the i~?dividuaL.. dexribed in and ~vho e:ecuted the faegoing instrument, ' ~ =j ~nd ~cltnowbdged beforc me that ....6e.... e:ecuted the same !or the p~upoe~s therein espreased. <<, • : ' , ~ , WITNESS my hand and ofticial ~I ch~~ __12th ~r o~ --~'~d1"Ch J~d:='~~ , ( , i,a'w~+~L ( ~ oc.ry ~bu~ ~.~a ra "Sa ra ~ N a~'i~y~ - the County ~nd State Atoroea eoo~~ ~ ~9 My 8/i/» ~ . , ~ - . ~ ~ ~~:,~r~~ ~