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HomeMy WebLinkAbout0555 FIlEO AND RECORDEO f lE0 AND REGOKUEU ST. WCIE COUNTY flA. E~.LUCiE COUNTr f:~ qpCEp p01TR~S ROCfR PO?1R~S ~ G!.CRR C!~CUtT COURT Ri'. , ~t' 71 ~ ~C'. £ ' _ ~ ~ ' - . . : iF ~ - , . ' I' ~tiN 3 v~ PM'1~ 19 I! 22 !IN'~7 3::~~~s2 ;~yaz~b ahaU have the option to receive and appiy the same on eccount of the indebtednees secured hereby or to permit said MortQagor to receive and use it o~ any part thereof for other purposes xithout thereby waiving or impairing sny equity, lien or right under or by virtue of this mortgaqe: snd in the event said Mortgagor shall tor any reason fail to keep the said premises so insured, or tail to deliver promptly any o[ said poticien of insuranoe to eaid Mortgagee. or taii promptty to pay fully any premium therefor, or in any reapect tail to perform, dixharge, e:cute, ettect, complete, comply with and abide by this covenant, or any part hereof, said Mortgagee may plaoe and psy for such insurance or any part thereof without waiving or affecting any option. Gen, equity ot right under or by virtue ot this mortgage. and t6e tuU amount oi each and every such payment shall be immediately due and payable and shall bear interest from the date thernaf until paid at the rate of ten per centum per annum and WRether with such interest ~hall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waete, impairment or deteriorataa of said property or any part thereof. 5. To pay all and singular the costs, cMrge~ and eapensea, including reasonabk lawyer'a feee snd coet of abstracts of title, incurred or paid at any time by .aid Mortgagee because andior in the event ot the failure on the part of the said Mortgsgor to duly, promptly and fully perform, discharge, e:ecute, eftect, compiete, comply with and abide by each snd every the stipulations. agreemente, conditiona and covenants of said promisaory note, and this mortgage, any or either, snd said oosts, chsrge~ and e:pen~, each anci every, ahell be immediately due and payable, ~rhether or not there be notice, demand, attempt to collect or suit pending: and the full a~unt of each and every such payment shaq bear interest from the date thereof until paid at the rate of ten per centum per annum: and aU said costs, charges and ezpenses so incurred or paid, together with such interest, a6aU be secured by the lien of this mortgage. . . , 6_ That la) in the event of any b%ach of this mortgage or default on the part of the Mortga'gor, or Ib1 in the • event any of said sums of money herein refer~ed to be not promptly and fully paid ~rithin tea daya ne~t afte~ the same severally become due and psyable, ~vithout demand or notice, or Ic1 in the event eath and every the stipulatane. aAreements, conditions and covenants of aaid promissory note and this mortgage, sny or either, are not duly, promptly and fully performed, discharged, ezecuted, effected, rnmpleted, oomplied arith and abided by, the~e, in eith~ or sny such event, the said aggregate sum mentioned in said ptomissory cwte then temaining unpaid, with interest accrued, and all moneys secured hereby, shell become due and psyable forthwith, or thereafter, at the option of said Mortgagee, as tully and campletely as if aq of the said sums of nomey were originelly stipulated to be paid on such dey, anything in said promisaory note, and or in this mortgage to the contrary notwithstanding: and thereupon or thereafter at the option of said Mortgagee, without notice or damand, suit at larv or in equity, theretofore, or thereafter begun, may be prosecuted aa if all moneys xcured hereby had metured prior to its institution_ ~ ' i 7. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to forecbse ~ it, or Lo reform it, nnd/or to enforce payment of any claims hereunder, said Mortgages ehall apply to the court ~ having jiuisdiction thereof for the appointment of a Receiver, such court shall forthwith appoint a Receivet of said mortgaged property all and singular, inctuding all and singular the rents income profita, issues and reveaues from whatever source derived, each and every of w~hich, it being ezpressly understood is hereby mortgaged as if specifically set forth and deacribed in tl~e granting and habendum clauses hereof, and such Iieceivet ahall have nll the broad and etfective functions and powers in anywise entrusted by a court to a Receiver, and such appointment ~ shall be made by such court as an admitted equity and a matter of absolute right to said Mortgagee, and without ~ reference to the adequacy or inadequacy of the value of the prop~ty mortgeged or to the solvency or in~otvency ~ ~ of said Mottgagor and+or of the defendants, and that such rents, profits, income, iasues and revenue~ shall be applied by such Receiver acrnrding to the lein and/or equity of aaid Mortgagee and the practice of auh oourt. 8. It is underotood and agreed that this mortgage is given to secure, in addition to the note or obligation above described any additional loans or futare advances made within twenty year~. from date hereof by the mortgagee ~ to said mortgagors or any successor iu title of said mortgagors of the property hereby conveyed: provided that the ~ total unpaid balance of the indebtedness secured hereby ai any one tur~e shall not ezceed t6e mau~num principal ~ amountofEIGHT THOUSAND EIGHTY TWO ($8082.00)----------------------------- ~ollars lE plu9 interest thereon and any disbursements made by the mortgagee for the payment of ta:es, levies or insurance on the property encumbered hereby, with interest on such disburaements_ ~ ~ ~ IN WITNESS WHEREOF, the said Mortgagor has ezecuted this mortgege under seal on the day and year herein first above written. ~ - ~ Signed, nd deGvered in resence of: % i ~ (SEALI ' .K -•Rruce Tv. ar - ~ ~ L '"~x_J C~ ~ p 'v~. Y~ i 1>> ISEAL~ - ~ / Susan i~. Ti~:~~~er STATE OF FLORIDA ` ss. ~ COUNTY OF ST. LUCIE `'s Before me personally appeared Bruce Ti~-3:ter F~ CUS~71 P. Ti~v~~erS1~i5 tilfC~ . ~ ~ 1418 4-Aiile ::d. , Grand Rapicis ~'~tichi~~n 49505 to me well kno~an end known to me to be che individuaL.. deacsibed in and ~rho e:ecuted the foregoing insirument. before me that ....he.... e:ecuted the same f~ the • '~PPw1~e~ purposes thetein ezpreased. . ~ ".,~`""'''~~.LTNb.SS my hend and official seal this 12th ~y af December 19 ` ,Y~ • . : - / i }a : ! •Y ~C GGC . . ~ ~ ` ~ U R PubU in and for ~ . ~ the County and State Aforesaid. ~ . , ~ ~ r, ~ . _ Boac ~ ' :°~Y~ Kath~r.~r~nHil~ery ,,f p R My oo e~res: - . ~.b.~.~ :r~~ .t~ o~flK280 ~~~E 55 K~.T~,t,-~ ~i„ " ~ - . o ~:g: Notary Put~IC. M~'."•• ~Q~ 8 - Ca/itIT115510R E:~;. - v. . . - - . . .