HomeMy WebLinkAbout0148 ~~i~~
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CLERK CIRCWT COUI1T ~ • '
pFCOPO Y~It~FIEO.......~..
OcT t I 9~6 ~M'tl 4
382239 ~
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~hall 6ave the optioa to rece~vs and appty ths aams oa ~ooount ot t6a iadsbtednew aecured t~sby or to pe~mit ~
said Moctgagor to reaivs ~nd use it or aqy p~rt thereot to~ otl~ pur~wses witAout tbs»by waiving or imp~ir[na
anp s4uity. lieo or ~'isbt nnde~ or by virtue of this mortg~g~ and in tl~s rveat s~id Mort~go~ ~hall for aar rea~ou
f~il to keep the sud premises so iaswed. or hil W deliver proa~ptly aay of Nld policis~ ot int~t~na to aid
Mortg~ges, or tail proa~ptlY ~ WY ~Y a~ P~um therefor. ue in acqr ~ ree~p~ct lail to peefo~m. di~harger :
~cuca sfteec. compkca oomply wich and .Mde by chis coven.nc, or aqy p~rt bee~eot. seid ldortaages m~~ pl~os ud
P~Y tor such insurance or any p~rt thereof w[t.~oat waiving or ~H~ctin6 anY option. 1ku. equit~? or risht nnder or bp .
virtw ot thie mortgage. and tLs tull anwunt ot e~ch and every wcb p~ymeat sball bs imtnediatel~r dus ~nd p~yabN
aad sbalt bsar intemst irom the date thereoi unt31 paid ~t tM nte of ten per oestnm per annum urd togstl~er with
" sue6 tatecest shaU be secvred by tbs lien of tLis moetgags.
4. 'l~o permit. oommit cr sutier no waata imp~ira~ent oe deteeioratioa of nid propertY or any part t6e~eoL ~
t
b. To p~y all and singular t6e oostb. chargee and ~Psnses. ~ch~din8 reuonabis I~wyer's tee. ~ and ooa~t ot ~
abstracts of title. incurred or paid at any time by eaid Martgages beuose andlot in tbe sveat of tbs fallura oa ths '
p~rt ot ths said Mortg~8'a to dWY Pro~Y ~~nY P~~ ~6's• ~ecvte. effed. oomPMte? oom~j? wN~h .
~nd ~bide by e~cA and svery We atipulatio~s. age+eements. oonditiooe and oo~vm~nts of ttid poosniaoq? not+0. ~nd ~
tRis mortgage, aAy or eithar. aud s~id ooste. eharges and e~penses, aash and every. shall bs immsdlate~? dns and S
P~3'+~~ whether or not thee~e be notioe. d~nand. attempt to oolieet or auit peading; ~nd tbs full amo~m~ at e~cb
~nd every suc6 psYmeot ah~II bear interest trom the data t6ereof untll p~id at the r~te of t~ per oeotum Per
annum: and all aaid caets. charges and espemee so in~v~red ur paid. toget!?e~ wit6 encli iattxest. sl~ll be secnied by
the tien oi this ~oortgage. . , ~
6. Tbat (e) in the eveot oi any beeaeh d this mortgagr or dehult un t~e part o!=2hs Mptgs~go~. or (b) in th~
eveni any of said sums ot money heid~ retarced to bs not p~omptb? and fu~? p~id witMn ten d~a nezt atta~ tIM '
sams ieveeally become dne and p~yable, withaut demaal or eotics. or (d in tbs weat each and every t6e ~tipulatioo~.
agreements. conditions and oovea~nts o! s~id promissory note and t6is ma~ags, a~? or eitbee. ~n aot dnb?.
p~'~PW~ ~~Y P~~a~ ~6~ esecated. efteeted. oompleted. ooanPlied with ~nd ~bided by. thm. in eit6er -
o~ a~y weh evm~ t}~e said aggregate snm meationed in said promiasocy note t6en reanaining nnp~d. with iata~eat
aoaned. and aII moneys secnred bereby. shall become due aad pay~b{s tarthwit6. ar thare~ftar. at t6e optjon ot aaid
I~atgagee, as in11y ~nd oompktely as ii dl of che aaid s~ms of nomay were ori~nallr stipulated to bs p~id oa ~
suc~ day, anything in said protaiasory aots. and oc in tbis mortgage to the c~trary notwithetandin~ ud e
therwpon o~ t6ereafter at ths option of eaid ~ Mortgagee. Nithoat notioe a~ daanand. snit at law or in equity. s
~
thacetofore. or the~fter begua may be prosecuted ae if dl moneYa seeured 6eceby 6ad matwed prior to its
mstitution. _ _ ;
7. That in the eveat t6at at tbs be~nnmg of ar at any tims pending any suit upon this mortgage. or to farecbse ;
it, ae to rsform it, andlor w eaforoe p~ymeat ot any claims he~ennder. s~d Mortg~ e6aD appty to the oo+~rt i
6aviung jnriedietion thereof fa~ tbe appointment ot a Receiver. ene6 oourt s1W1 forthwitl~ appant a Reaiver a[ said ~ ~
~~6+~8'~ ~3~ ~8~*. ~n8 ~~~6~~ tLs reuts inooms protrts. iss~s and reveuue~ fe+um
wlutevar souroe derived. e~ch and every of whicb. it beins e~y andentood is heceby mo:tga~ed ~s if
i speci8u11y eet farth and desrn'bed 'm the gtanting md habe~ndum clauees hefeof. and snch Reoeiver s6a11 bave
dl the bro~d and effective tanetions aad powezs in anywise eatrueted by a oourt to a Reoefver. and such ~po~t `
~ shell be made by sueh oourt as an admitted equity and a matter of abealuta rigbt W said Martgages. .and witbout '
refermoe to the adeqw~y or in~dequacy ot t6e vahie gf the property moetga8ed or W t6e adveotp ar insoiv~ene~
~ of said Moctgagor andMr oi the detendanta. and t6~t auch reats. Pmfits. inooms. iss~s ~nd reveauss sbaII bs applisd
bg? ench Reeeiver acoarding to the lem andlor equity ot said Ma~tgagee and tbe praetioe ot snch oo~ut.
8. It is nnderstood ~nd agreed thet this nnortgage is given to seeurs. in addition to the note ur obli~tion
abovs desaibed any additional Iwns at fntnre advances mads within tweaty ye~rs from date hereof by ths moctgagee .
to s~id matg~ors or any sncoeseor in title ot s.id morcgagors of the propecty heraby oonveyed: prm?ided th~c t6s
am~ount~ot~ FO~l1RTEENTH0U5~~~UKElT E~I~Y~'°0~° 'b'n °Ot ll'?~1~°.~°ID ~
DoWrs
li 1. plus interest tb!reon and any disb~rsemente made by t6e mortgagee for t6e p~yment of tuea. Isvke or ins~u~anos
on the property ~cumbered 6ereby. wit,h iaterest on snch disbnrsea~eats.
IN WITNE33 WHEREOF. tbe ~aid Mortgagor has e:ecuted thia mortgage under se~l on t~ daq and year I~erein ~
first above writ.ta?. -
~
Sigaed, se~led and ddivered in the presenoe of:
- (3EAI,1 '
r r . ran , r. ~
~sE,u.? . -
orna ran ~
3PATE OF FLORIDA ~
COUNTY OF ST. LUCIE
~ ~~y,~.~,,a Herbert A. Frank, Jr. and Lorna Frank, Nis wife of ~~,.~~`f`
. ~
14223 Sw 80th Ave. , Mi ami , FL. 33158 `+'r
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t0 ID! ~~LOw~ iDd kO0'11/~ LO ~~t0~/ be tbQ lAdlV~lills ~D alld S?b0 !ZlClit~ L~1! fOf+~~` • v/~ ~ •r
iOd '~0~~$!d bAtO~'! m! ~ ~OC..~ !=eCO~ siIIlO fOr ~E ~ ~O . ' ~ : Y' ~ i ~ r - '
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wrrriESS m~ ~a .na or~w ~ c~ 17th ~ er _ _
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Pubife in and t~ t • ~ ~J ~ ~ 1 ,~;t~~ ~
flQ~ t6e Co~mtr and Stat,~ Aip~e~bte~~~ . .
4 _ ~ather~i
e M~.
nt~t*a. ~
' ~pt. 25,.1980 :
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