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Home My WebLink About0857 _ _ . ~ ~ ~ ~ S i AT~ F~ ; c~cRK ciRCU~t ou~T . D(:~t-i1MENiAFt~ ~ l:h - 1 • ~ YER+~IEp,~,~~ ~ ~~i. ~ it_v~'i;~: • ; - ~ = ~~N-.•~, ~ ~ _ 0 5. 2 51 ,luH l il S9 aM'11 _ F~ = , . :n: i ,~i,:- - - 3f 8480 shall have the option W receive and ~pply the eame on ~aount of the indebtednsss secured hereby or to permit aid Mortgagor to receive ~nd ues it or any part theceof tor other purposee witbout thereby waiving or impairing - apy equity, lie~ or right under or by virtue ot this mortgags; and in tM eveat sajd Mortgagor ahall for aqy ro~son t~il to keep the said premisee so inaured, or tail W deGver promptly at~y ot said polkie~ ot insurance W said Mortgagee, or fail promptly to pey tully any pcemium therefor, or In ~ny respect tail to per[orm, dixl~rg~s, e:cute. ettect, compkte. comply wit6 and abide by thia covenaat, or at?y part bereof. said Mortg~gee may plaas and p~y tor anch insurance or any part thereof aithout waiviag or atfecting any optioo, li~, equit~ or right under or by virtue ot this mortgaRe, and t6e tuU amount ot each and ev~y eaeh p~yment shall bs imanediately due aud p~yabls and shaU be~r intereat trom the dete thereot until paid at the rate of t~ per ceatum per aaaum and togsther w~th wch iaterest ahaU be xcured by the lien ot thie aartg~ge. 4. To permit, commit or suffer no waate, impaira~ent or deteriorali~ ot aaid propecty or any p~rt tbereof. S. To pay aU aad ~ingulu the costa, chargee and e:pensee, including re~eoaabb la~ryer's tee~ and oost ot sbstracts of title, incurred or paid et sny time by eaid Mortg~gee because and~~ in the event of the tallure on the part of the said Mortgagor to duly. PromptlY tad tully perform. dischuge, euecute. eHeet. compkte. oomplp with and abide by each and every the stipulations, agreements, oonditions ~nd oovenants of said pmmissory aote. aad thia mortgage. any or either. and ~aid w~ts, charges and e:penees, eael~ and every. shall be immedi~tel}? due and peyable, whether or not there be notioe, de~naad, attempt W collect or auit pending and t6e tuU amount ot esch and every auch payment ahsll bear iz?terest from the date t6ereof ont~ paid at tha rate of ten per aenttun per annum; and aU ~aid coste, charges and e:penses so iacurred or paid, together writh such intereat, ehaU be secured by the lien of this mortgage. - 6. 11ut lal in the event of any arese6 of this mortgage or default on the part of the Mortgager, or Ib1 in tbs • event any of aaid sum~ of money herein referred to be not prowptly and {ulty paid within t~ days o~t after the ~ame severally become due and p~y~ble. without demand or notice, or !el in t~ eveat each aad every t2u atipu4tioaa, agreements. conditione and oovenanta of s~id pmmissory note and this mortgage. any or e~the~. are not duly. promptly and fully p~formed. dischuged. ezecuted. effected. oompkt~ed, oompGed with and abided by. then. in either or any such event. the ~aid aggregate aum meationed in said promissory note thea rem~ining nnpaid. with int~erest aocrued, and all moneya secared 6ereby, shaU beoome due and p~yable focthwith, or there~ft~, at t6e option of said Mortgagee, es fully and completely as if all of the ~id eums of aomey were originally atipulated to be psid oa euch day. anything in said Promissori' note. and or in this mortgage to the oontrary notwithatanding: and flu~swnrv_?n nr tl~a?a~hr .f ?I~.s ~4:.i ll....? ~:•t~..~ J ~ • - r' ' = a ~t"'_ _ - vaaa~a8w. ss:.::::i:~ itisiN.~ W uiiWiiv~ S~ili 3i rw aii Ll tl1~111t~. theretofore, or thereafter begun, may be prosecuted as if all moneye eecnred hereby had matured prior W ita inatitution. 7. That in the event that at the beginning of or at any tia~e pending ~ny suit upon this mortgage. or to forecbee it, or to rsform it, and/or to enforoe peyment of any claims herannder. said Matgagee ehall apply W the oourt having jurisdictae t6ereof for the ~ppointment of a Receiver, snc6 ooart ahall farthwith appoint a Reoeiver of said Qf01'~gllgrr~ Sf?e1~wtY sll Aeul .ie~o ,Iw~ :eu~hvl~vo .Il a1ngU~ii ~1! iE~La 1T1~0IDC pTOfi~. i3SUB8 iOd ~'@Vl~IlllS tl~Om whatever eource derived, eech and every of which, it being e:p~saty ~nderstood ie 6ereby martgaged as if apecificaUY set forth and descn'bed in the grsnting and 6abendum clauses hereof. and auch Receiver ehall have I aU the broad and effective f~nctions and powers in anywise eatruated by a oourt w e Receiver, and euch appointmeat ~ ahaU be made by auch court as an admitted equity aed a matter of abeolute right to said Mortgagee, and witho~t ~ refereoce to the adequacy or inadeqnacy of the value of the property mortgaged or to t6e solveacy or inso~vency of aaid Mortgagor and/or of the defendants, and that suc6 rente, profita, income, iaaues and revennee ahall be applied ~ by such Receiver acoording to the lein aad/or equity of said Mortgegee ead the practioe oi euch aw~rt. ~ 8. It is underotood and agreed that this mortgage is given to aecure, in eddition to the oote or obligation ebove dexribed any additionel bans ~ fnture advaaces made wit6in t~venty yeers from date hereot by the a~ortgagee ~ to ~aid mor~Baeoro or any ~cceeeor in title of seid mortgagors ot the p~operty hereby conveyed: provided th~t tbe ~~c ot d THREE THOUSA~ND~ ~~~y at aay on~~i~halLQot ezoeed the mazimum priocipal ~ ~ UU~ li 1. plus interest tbPreon and any disbnrsemente made by the mortgagee for the payment ot tues, levies or insuranoe on the property encumbered herebp, with interest on auch diabarsementa. IN WITNESS WHEREOF, the said Mortgagor hea ezecated this mortgage under e~1 on the day and year ?~erein firat above written. Sigeed, ~ealed and delivered in the prexnoe of: I/I~~~ ~ ' . ~ ~ ~ 13EAL1 ~ ~ 13EAL1 . Ka en J. orwoo - STATE OF FLORIDA ' 4 OOUNTY OF S'f. LUCIE 7 ~ Ber~e ~~r~~uY eppeared Wi 11 i am 0. Norwood, Jr. and Karen J. Norwood, hi s wi fe of ~ 1295 Leslie Dr., Merritt Island, FL. 32952 ~ ~ ~ . ~y~ ~ • s , v •.f . to me well known and Imo~+?n to~qe to be the individua6.. desaibed in and who e:ecuted the foregoing ' ~ ~nd acknow before me that + `t c ~ ~ _ nd kdged ~be..X ezectitod the same for the ptvpoeee thvein e . ;.;~`rr'~` ~ ~ ZiSt 1~ - ' ~".<i'`~ ~ WITNESS my hand and official seal thie day of ~ f- ~ . ' . otary Public in and f , ' che County .nd 3cace Afare~, ~ . .`~i , . - ~ My mmission e:pires: - aooK~,u~ q~ 8~ oZ~, /~~D .