HomeMy WebLinkAbout0861 J.
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sh~l{ l~~e tM option w receivs and ~ppty the sarw on account oi tbs indebtednes~ ~seurod Aersby or W permlt
said Mort~gor to n+ceiw and use it o~ ~ay p~rt thereot tot otber purposa witl~out tl~eby wdvina ar impdrin~
any equity, lien or right u~der or by v~rtus of tAi~ mortRags: and fe tM west ~tid Ma~tg~~ sAalt tor any rs~wa
tatl to kesp tAe aaid prsmises so iasured, or ldl to detivK promptly aay ot Mfd pdki~s ot inaunaos to aW
M~tgagee. or tail promptly to pay tuUy any preraium theretor. or in ~nny rerpset tail to partorm, disch~r~,
e:cute, ettect, complete. comply with and abide by this covenant, or any part bereot, said MortRage~ nuy plros u~d
p~y (or sueh inaur~nts or anr part thereot w~itbout wrdv~g or aHeetinR any option, liea, equity o~ tigDt und~r ar by
virtue ~f thi~ mortRage. and the tull srnouM ot eaeh and every sucb payment shall be immedLtely dw and p~yabie
and shaU bea~ intateat hom the date thereoi until paid at tl~e rate ot ten per centum per annum and together with
such ineerest ~h~ll be secured by ths lien ot this n?ortgaRe.
To }~ermit, commit or suiter oo waste. impMirment or deterioratioa o! s~id pt~opsrty or any p~rt thereot.
S. To pay ~q and aingul~r the cost~. charges and ezpeuses, inchding reasonabk t~wyer's fees and ewt of
ab~tnrte of title, incurred or paid at any ticae by said Moctg~gre because aadlor in the event of the ta~re oa the
put ot the eaid Mortgagor W duly. p~omptiy aud tuUy pe~torm, disch~rge. ~ecute. effect. oomplete. oornp~y witA
and abide by eaeh and every the atipulutons, ag~eemeat~, conditions wd coveaants of ~afd promipory not~, aad
this mortgage. eay or either. end eaid coscs. clurgsa and e:penses. e~cl~ and every. shall be imeaediatd~r dus ~r?d
p~yabk, wr6etfier or eot thera be notice, dem~nd, attempt to coUeet or wit pending, aud ths tuU amount ot each
and every such payment ~haU be~r inte~est from the date thereof unW paid at the nte ot ten per oentwn per
annum: and ali said coeta, chargss and e:penses eo incu~red or paid, togethac witA snch intarest. ahaU bs secured by
the l~ ot thi~ mortgage.
6. 77~at 1~1 in the event of any bre~ch ot this mortgage or default on the part oi tbe Mortgagor, or Ib? in tbs ~
• event any of said sua~.s ot money 6erein refe~red to be aot promptlp aad tuQy paid witl~In teA d~ys nezt ~tter tbe
same eeveraUy beoome due and p~Yabie, witla~t demaad or notioe. or Ic) ~n the event e~ch ~ad every the ~tipul~tbns,
agreementa. conditions and covenants ot aaid promiasory note ~nd tAis mortg~ge. aay or elther. ars oot ddy.
Pro~PUy and fully performed. discharged, e:eeuted. etfected. compkted. complied with and abided by. tben. in eitber
or any such event, the ~a~ aggregate sum mentioned in a~id promissosY note thea reauiuiag unp~id, w?th iaterest
~cerued. ~nd aU money~ eecured her~eby. shall become due and payable torth.ritA. or t6ereatter. ~t the optior o! said
Mortgagee, aa fuqy and compktsly as if a1i ot tl~e said sums of aomey were originaUy stipulated to be p~id on
~uch day. snything in ssid promiaeory iwte, and or in this mortg~ge to i6e oontr~ry uotwith~tandia~ and
tAereupon or chere~fter at the option ot e~id Mortgsgse. ~.ithout ~e or daraaad suit xt law or ia equity.
therstofare. or thereafter begun. may Se proxtuted as it ~ll moaey~ secured lkreby had taat4red prior to its
instiwtion.
7. 77ut in tAe event that at the beginning ot or at any time peoding any suit upon tAis mortgage, or W tacecloee
it, or to relorm it, and/or to enforce payment ot any claims hereundK, said Morigage~ shall apply to the oourt
j having jurisdictan tbtreot tor the appointment ot • Receiver, sutb oonrt a6all iorthwnth appoint • Reoeiver ot nid
I ~8~ ProP~*~Y all ~nd ~ ingulu. including all and singW~r tAe renta income pro6ta. issuea aad reveauea from
whatever soune derived. e~ch and every of which. it being ezpre~sty ~nderstood is hereby mortg~gsd as if
epecificallY set torth wd described in tbe ~antinR at~d lubendum clawes hercoi. and suc6 Reoeiver shall luve .
all the broad •nd ~ftective tuncteons aad powe~ra in at?ysrise enuusted by ~ wurt to a Receiver. and such ~ppointment
shaU be made by auch court ~s en ~dmitted equity and a matter of ebsdutr right to said ~tortgagee. snd witl~ont
reterencs to the adeqwty or inadequacy of the value of the propertY mortgaged or to tbe wlvency or inrolveoey
o( a~id Mo~tgag~ and.~ar o[ ihe detendrnts. ~nd that euch rente. profits..inoame, issues and revenues swa~ be app(ied
by such Reeeicer according to t6e kin aadlor equity of said Mortgagee ~nd ihe practice of wch oourt.
! S. It is uaderatood ~nd agreed that this mortgage is given to secure. ie addition to the note ar obligation
~ ebove deecribed any additional loens or future advances made within twenty yeer~ from d~te hereof by the mortgrgee
j to aaid mortgagors or any aucceseor tn titk ot said mortgagoro of the praperty hereby eonveyed; provided t}~t the
i total unpaid balance ot the indebtedneas eecured hereby sny one tune shall e:caed the cna:imum principd
aaaunt o!
~ Ten thousand fift
-t~,hrene----- (s10,053.00 . nou,~
! ti plu~ intereat tb.reon and any dis ts made by the mortqagee for the
payment of tues. ievies ar insurance
i on tbe PropertY encumbered hereby. with intereat on such disbursemente_ .
~ IN WITNF.3S WHEREOF, the said Mortgagor haa e:ecuted this mortgage under sesl on the day and year lxrein
i
~ firat above written.
E
~ S' d deliv m the reaence ot:
k `~~/`~~~~L ~ ~l~ ~'IfGy-2. i-~/~.
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' ' ~~t-1~.._ c'~__,f~1~ 13EAL1
Nelen M. Oelrich
STATE OF FLOR[DA
COUN7'Y OF ST. LUCIE •
Betore me personaily sppeared ~rti n W. Oel ri ch and Hel en M. Oel ri ch, hi s wi fe
of 12 22 N.W. 3Ath Street, Gainesville, FL 32605
to me weU knowe and knowm to me to be the individusL.Sdeeaibed 'w and wbo e:eented th foregrring iastroo~ta -
~nd aeknowkdged before me tl~at ~..hey~. e:ecuted the same for the purpos~e theoein e
WITNE33 my hand snd official seal this 27 d~y ot C j -
, . ~
~au~ ~ .4a erin~ .M.='~-.
the Conaty and St~te Af~;,...,;=~~tara
!~l.V i P~E ~ My oocnmissian ~pires: . 9f261$0
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