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Home My WebLink About0851 ,a, ~~.~=ATE F=L jF~~~ ' ~ ~ . IN~•~')MENTAk`'. ST1.M~'-- 1 ~ i- it. l)i ..;F N.1~'e'i~. . ~ - ,;~~-~~;.:~l;- 0 4. 8 ~ ~ _ ~ .j~H•i~~~ - ~ j ve. -•.a:~, _I - t . - 11~~-,e -_y. - ahaU have the option to receive and apply tl~e aarae on account of the indebtedness eseured herebY a~ P~~ said Mortgsgor W roceive ~nd use it or any put thereoi tor other purp~sse without thereAY waiviag or imp~iring say equity. Gen or right under or by virtue oE this moctg~ge: ead in the event said Mortgagor eha11 tor any reawn tail W keep the said premi~es eo insured. or taii to deliver pcomptly aay ot said poticies ot inauranoe to said Mortgagee, or teil promptly to pey fuUy eny premium thaetor, or w any respeet tail to psr[onn. discl~ar6s. ezcuce. ettect, rnmpkte, comply with and abide by tfiis rnvenan~ or any put hereot. saM Mortgages a~y plaos ud pay tor auch in~urance or any part thereot witboat wdviag or aftectiag any- optbo. lien. equlty oc etg!?t uade~ o~ by virtue ot thi~ mortgage, end the tull amouat ot each ~nd every such payment ahall be immedi~tely dne and p~yable and ahali bear int4rest hom tha date thereof until paid at the nte of ten per ceatum per annum and tog~etl~ with auch interest ehall be eecured by the lbn oE this mortgage. 4. To permit, commit or auffer no waste, uapairment or deteriontioa of said pmperty or any part tf?ereot. S. To psy aU end ~ingular the ooste, chargee and e:peneas. inch~di~?8 re~aon~bk la~rYer's fees and ooet ot • abstracte of title, incurred or psid at any time by eaid Mortg~gee because and/or in tbe event ot the failure on the ~ psrt of the said Mortgago~ to duly. promptty and tully perform, diacharge, e:ecnte, effect, oomplete. oompty ~?ith and abide by each end every the stipuLtions. agreemeats. oonditioae and oovenants of eaid promissory note. aad thia mortgage. any or either. and aaid oust~a. charges and e:pensee. each and eve~Y. a6a11 b° immediatetY paYabb. whethe~ or not th~ be notioe. demand. attempt to colket or suit peading: ~nd tAe ful! anwunt of each and every such peymant sMU be~r intereet frocn the date thereot unW paid at the nte of ten per oeatum per annum: and all said cwts. chugee and e:pen~es so incurred or paid, to6ether witb such intereat, ahall be eecured by the tien of this mortgage. " • 6. That is1 in the event of any breach of this mortgage or default on the part ot the Mortgagor, or (b) ~n ~ • event eny of said ~uan~ ut moaey heran reterred to be nat promptlY ~~Y P~ within teu days ne:t akar tbe ssfne severally becoine due and p~yable, witLoat demand or notice. or Ic1 in tbe event e~ch and every t6e aR,ipul~tions. agreea~ents. conditions and ooven~nts of said promiasory note and tLis matgage. any or either. are not dutY. promptly and tuUy pertorined. diee6arged. ezecuted. effected. oompieted. oomPlied with and abided by. then. in either or any such event. the asid aggregate sum mentio~d in eaid promiesory tate t!~ remaining unpaid. with intetest acccued. and aU moneys secured bereby. shall become due and peyabie forthwith. ot thereafter. at the optioa of aaid Mortgagee, s~ fuUy and rnmpktely sa if dl of the aaid sums of rwmey were origiaaIIy atipulated W be p~id on such day. snything iu said promissaY note. and or in t6is mortgag~e to the oontrary notwrit~standing. and thereupon or there~ft.er et the option of ~aid Mort~aKee. withont notice or damand. auit at la. or in e+cnucv; tt~eretotore. or thern,after begun. may be prosecuted as if all moneya aecured hereby had matured prior tc~ its institutan. • _ 7. T6at in the event t6at st the beginning of or at sny time pending any suit upon this mortgage, or to foreclwe it, or to reform it, and~or W enforae p~yment of any clauns hereund~, eaid Martgagee aba11 apply to tbe ooart luving jurisd'ution Lh ~eof for the ~ppointmeat of a Receiver, auch oourt ahall tathwrith appoint a Reoeiver of said ~8~ P~Y all ~ad aingutar. inetuding all aad singular the r~ts income profits. isauee and rev~ues trom ~vhatever source derived. esch and every of w6ich. it being ezpreesly understood ie h~eby mortg~ged as if I apecifically set forth and dascribed in the granting and htbendum cls~ees hereof. and aach R,eoeiver shaU have ~ all t6e broad and eftective functiona and pow~a in anywise entrneted by a oo~ut to a Receiver. and such appointment shaU be made by sucl~ coart as an ~dmiued equity and a matter of abeolutr right to aaid Moctgagee, and without ~ ref~ to the adequacy or inadequacy of the vatue of the property mortgaged ot to the solvmcy or inaotvency ~ of said Mortgagor andlor of the defendanta, and that auch rente. pronts. income. isauee and revenues shali be aPPlied ~ by such Receiver acoording to the iein andlor equity of aaid Martgagee and the practioe of such oonrt. 8. lt is understood and agreed that this mortgage is giv~ to secvn, in addition to t6e note or obligation ~ ~ above dexribed any additionsl loans ar future advances made within twrenty years from date hereef by the mortgagee ~ to said mortgagora or any aucceasor ia title of said mortgag~e of the pmperty hercby csaveyed: Provided that the total unpiid balance of t~e indebtedoesa seciued hereby aL any one time ahell not e:ceed the mazimum principal ~ amo~nc ot THREE THOUSAND ONE HUNDRED FORTY (3,140.00) Douars ~ !s 1. plue intere~t tbpreon and any disburaem~ate made bq the mortgagee for the payment ot ta:ea. levies or insuranoe on the property encumbered hereby, writh interest on auch diaburxmenta. ~ IN WITNESS WHEAEOF, the said Mortgagor haa e:ecuted this mortgage under seel on t6e day and yeer herein firat above written. ~ Signed. ~ealed and delivered in the presence of: - ~ ~ ~ ~ • ISEALI ' ~ an ~ . 13EAL1 Juanita J. ot ~ STATE OF FLORIDA ' - ss. ~ COUNTY OF 3T. LUCIE ~ Before me per~onally appeared ~nald M. Malott and Juanita J. Malott, his wife of ~ ~ 3665 Alan Dr., Titusville, FL. 32780 ~ W me well known snd known w me to be t6e individuaLS descsibed in and who e:tc~ted the foregoing ' , i '.~~r`. ~ ~ ~ ~ and acktawledged before me tlut .~be.~t ezecuted the eame for the purposes the:ein e . y:T; j.•,~ ~ WITNESS my hand and official seel thia 29th ~y of r' 'r, 7{j ~ ~ I,N ~ ~ ~ ' , 7 r r~E ~ou~~£~ ~ J • ~ A!0 ~ ST•~CE IT Cpuas - ota*Y Public in and fac .r`r d'~- ' ~ ~?ttCN~j the County and 3tate A~~ . j~ ~ti CI~PK a~ t~~ _ • . t, ~ r'.`'. • v~, f • a~~~~, Catherine M Cai~?L'~i?,~•f ,~~,:.,~;-~'Y.~`~ u~~1 6 My commistan sipites: 'r,,,, r,~ ~ ~uK I 11 s9A~~ U k Sept. 26, 1980~~ ; . r ~ aooK 269 oacE 849 - - _ _ r _