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Home My WebLink About0901 u~ ~ ~ fILEO ANO RECORUEU ~ ST. LUCIE COUNTII F~~ aocEa Po~tA~s G c,~cu~t ccuRt ~ .`~°f~"D~~~f_ Cd ~ M ~d I ~l3PM'~1 ~ ~ o a w ~ 3 t~t~ 4 4~3 ~ z~ 0 c ~ ahall have the option to receive snd apply the a~me on ecoount ot ths indebtedness secured hereby or to psrmit cd 'r' said Mortgsgor to receive snd use tc or any part chenof for ocher purpoees wichonc chereby wdviag or iznpairing eny equity, lien or right u~der or by virtue ot this morigag~ and in ths ewnt said Mortgagor slull for aaY reasoa p~7 tail to keep the aeid preaAi~ea ao iusured. or fail to deliver promptly any of sdd policies ot insunnce to said ~ U Mortgagae. or fail pmmptlY ~ PaY ~llY ~?Y P~~um therefor. or in ~ny reepect t~[I to parfonn. dischargs. «i ~cnte, eitect. rnmplete. compty with and abide by this coveaant, or any part hereol. esid Moctg~ges m~y plaoe and M' pey for auch insurance or aay part thereof witho~t waiving or affecting any aQtion, lien. equity or right under or by ~ virtue of this mortgage, and the fall e~wunt of esch and every auch psyment ehall be immediately due and payabb C and shaU bear intcreet from the date thereot until paid at the rate of ten per centum per aaaum and Rog~ether with ~ such interest shall be secured by the lie~ of tliie mortgage. W 4. To pern~it, rnmmit or suffer no ~vsate, impairroent or deterioratioa of aald property or aay part thereof. ~ S. To pay aU and singular the coste, chargee and ~penee~, including reaeonabb lewyar's teee and oost ot ~ abstracta of titk, incurred or paid at any time by said Mortgagee because andlor in tse eveat of the failure on the ~ part of the aaid Mortgagor to duly, promptly and fully pertorm, diaclwge, e:ecute, eNect, oompieta. complY with v and abide by each aad every the atipul~tion0. ~~?ts. cond~tioaa end covensnta ot eaid protnjseory note. and this mortgage. any or either. and eaid owt~s. char6ee and e:Penses. esch snd every. ahsll be immediately doe and -Q payabk, whether or not there be notice, demand, ettempt to collect or auit pending; and the fuU amount of eech ~ and every auch psyment ahall bear int~rest irom tbe date thereof until psid at tha rete of ten per eentum par ~ annum: and all said coeta, chargee and e:peasea eo incurred or paid. togeti~ with such interest, s6a11 be eeeured by the lien of thia mortgage. _ ~ O 6. T6at (sl in the event of aay breach of thia mortgage or default on t6e part of t6e Mortgigor, or (b) in tl~e O • eveut any of said sums of money' hereit~ referred to be not promptly and fully paid within ten days nezt atter tbe ~ same severally berome due and payabk, wit6out demand or notice, or (ct in the event e~c6 and every tAe stipulations, T3 agreemeate, condition~ aod covenants of said promiaaory note end this mortB~Be. aay or eit6er. ~re not duly. I prompily and fully pe~'formed. diecharged, ezecoted. effectsd. oompkted. oomplied wit6 and abided by. then. in eitMr or any such event. the eaid aggregate aum mentioaed in said promiasory note then recnainit~g anpaid, witb intereet accrued, and aU moneys ~ec.vred henby. ~haU become due and payabk forthwith, ot thereafter, at the option of said ~ Mortgagee, as fully and oompletely s~ if all of the aaid euma of nomey were originally stipulated to be peid on ~ anch day. anything in aaid promis~ory note. and or in this mortgage to the coatrary notwithataading and ; t6ere~pon or thereaft~ at t6e option of said Mortgagee. without notice or damand. suit at law or in equity, ~ theretofore. or thereafter begun, may be prosecated as if all moneys secured 6ereby had matured p:ioc to ite ~ inetitution. _ N s. • 7. That in the event that at the beginnii?g of or at any time pending any suit upon thie mortgage, or to farecbse w~ it, or to reform it, and/or to enforce p~yu~t of aey claims hereunder, aaid Mortgeges ahaU appty to the oourt having jurisdiction thereof for the appointment of a Receiver, snch cotirt shall forthwith appoint a Reoeiver of eaid ~ ~8'~ P*~P~~Y aII and singular, including ell and ainguler the rente inoome pro5ta. i~suea and reveaues from ~ t!~ whatev~ source derived, each and every of which, it being ezpresaly underatood ia hereby mortgaged aa it specificallY set forth and dexribed in the granting and _ habendum clauaes hereof. and such Reoeiver a6a11 have ~ t. f all t6e broad and effective functions and po~era in anywiee eatrusted by a oourt to a Receiver, and snch appointment ahall be made by such oourt as an ~dmitted equity and a mattu of abeolute right to s~id Mortgagee, and withoat ~ z ~ reference to the adeqwcy or inadequacy of the value of the property mortgaged or to the solveocy ~ inso~vency _ of said Mortgagor and/or of the defendanta, and that such rents. profits, income, ieauea and revenues a6aD be apptied ~ f-I by aueh Receiver acrnrding to t6e lein and/or equity of said Matgagee and the practioe of sach aonrt. ~ - ~ cti ~ 8. It ia underatood and agreed tlut thia mortgage ie given to eecure, in addition to the note or obligation O ~ above dexr~'bed any edditional loans or future advances made w~ithin tweaty yesra from dete hereof by t6e mortgagee . to said mortgagora or any auccPa9or in title of said ~rtgagoro of tha property herebY conveyed: provided titet t6e z~,, ~ total unpsid balance of the indebtedne.a~ eecured hereby a: an one t' a not e:ceed the ma=imum principal O w ~ amount ot ---$13 ~ 284 .00-thirteen tHousdnd ~ rnii~ and eighty-four---~~, i 3 3 ! (s 1, plua intcreat thereon snd any disbursementa mede by the mortgagee tor the peyment of ta:es, leviee or inaarance ; ~ on the property encumbered hereby. ~rith interest on such diabursements. ~ ~ ~ i IN WITNES3 WHEREOF, the said Mortgagor has e:ecated t6is mortgage under sesl on the day and yeer h~ein first above written. ; i ~ ~ Signed and deliv resence . % ` . . L%LG ' , i ISEALI ' - ~ ~ ~ ^ ISEAI.1 . ~ STATE OF~X~~I~iX MICHIGAN ~ ~ ~ ;\J urrrsr oF s~?~~~ ~ne Angelo Giarn~atti and Lina Giannotti, his wi.fe of Before me pereonally appeared ~ ~ 1~510 Georgia St., Rivexview, P'Iichigan 48192. ~ to me well kno~vn and kno~m to me to be tbe individuaLS described in and wbo e:ecuted the foregoing instrum~k - and ack~wkdged before me that =1~s.;( ezecuted ths same for tbe p~apo~ee tl~ere' , ~ ~ WITNES3 my..hand" snd of~tl ~e~l this day ot , . ~ ~ ~ ~ L%(/L~%~ ` Notary Public in and or , ~ DUWiiES C. IIVRIG. the Conaty and 3tate Af s : . 30/9130 ~,~I~IM~IIo~ E~pint NsrMl~r t 19lO ~ty °°n~'~°'° J`~ ~ . . ' BOOK ~VD PAGE •r, ~ . . . , ~ _ _ _