The URL can be used to link to this page

Home My WebLink About0773 f LEp AND pEC ApEO LUQIE Opy ~ f ~ CL RK~C RC~IT ~s lA. -^n~~ ~ COUAT ~ ~ERIi~Ep I1 g 3S ~ ~78 . 3y0413 •6a11 I?ave the optioa to receive and ~ppty the ums oa acoouat ot tbe indebtednsss sscurod hete~r or W pKmit said Mortg~gtK to receive and uss it or any part tdereof tor otl~ pnrposs~ witlwut tbe:sby waivins ar impairina aay equity. liea or riaht under or by virwe ot tAis a~tgage: and in tM ev~t said Martgagor ~A~11 tur ~ny nuon fail to keep th~ said premisae eo insared. o~ f~il to detivee peomptly any ot ~d policie~ o[ iaauana to aid Mo~t~ge~, or tail promptly to pay tuUy any premium tAsrefor, or ie+ any resp~ct isll to perlorm, di~cAar~s. e~eute. eHect. comp{sts. comply with and ~bide by this covenant. or anq put hereof. said MoRSage~ m~y pl~a ~nd p~y tor sueh ineunnee or eny part thereot aithout waiving or aftecting any optioe, lien, equity or ri~ht ander or by ` virtue ot tAis Qwrtg~g~s. and tM fuU amount ot eacl~ ~ad ewry sucb payment shsU be immediacdy dw and pay~bls and sluU be~r interNt hom tla d~te theeeof untt~ paid at the nte of tea per centum psr anauen and to~il~ wits auch intere~t ehaU be sscured 6y the lieu oi this io~o:taa~. 4. To permit. commit or sufter ea waste, impaira~ent or det~eriontioa ot etid property or any p~rt thereot. 6. To p~y ~11 and sin6ula* the coeta, eharges and e~snsss, inch~ding reasonabk lawyer's tees ~ed oost of abatraets ot title, iacurred or paid at• any tims by said Mortg~gss because endlor in the event of t6s Ea~re oa tl~s part oi tAe uid blortgsaor to duly. promptly ~nd tuUy prt~a. diachargs. e:ecute. eHeec. oompMt~. compb? with and ~bids by e~ch ~nd evary tl~s stipul~t,ion~. asre~msnta. oonditiona aed coven~nts of said proml~aorr not~s. aed thia mortg~ge. aay or ~tha. aad eaid eosts. chu~ ~nd espenses. each and every. slull be immsdi~tely due and WYable, whether or not there be notice. demand. attempt W eoUsct or ~uit pending: and ths tull amount of e~ch and ev~y such payment sh~p bear interest trom the date tbereot unW paid at the rate ot ten per oeat~un per annum: ~nd all said co~ts. c.harges ~nd ~penss~ eo incurrsd or paid, together with such interest. sball be secured by the lien of thiu mortgag~. 6. 7Lat lal in the event oi any bre~oh ot this matgage o~ d~Eault on tl+s part ot the Mortgigor. or (bl in tbs - event aay of said wms of money herein rsferred to bs aot promptly and tu~y paid within t~ da~ nezt ahar tbs aams sevenlly beooms dus and p~yab{s, witlwut demand or notios. or Icl in tM evaat each and svq tl~s Kipal~tion~. ~greemsnts. condltioeu aad o~veoaota ot iaid promisw~y nots and Nis mortsags, any or either. sr~ aot dnt~?. pmmptly ~nd fiil1Y P~rformsd. discha*ssd, e:eeuted. eNeeted. eompieted. eotnplied with and ~bided by. t6eo~. ia aitLar or any suc6 event. t6e s~id agare6ate sum msationed in said promiswry aots t1~sn remaiaina unpaid. with interest accrued. and all monsys secured bereby. sl~aU become due aad payabk torthwith. or thareatter. ~t the option a[ said Mortgag~e. as tully wd oompletely as if ~11 ot tha said mms of nomey ware originally stipnlated to bs p~id aa suc6 day. anythins in ~aid promi~sory nou. ~ad ar in t~s mort~pge to ths eontrary notwiths~ndima: and there~poa or thereatter at t6e optioo of s~id Moctg~ges, wlthout ootios or dun~nd. suit ~t ~law or m eqnity. ; theretofore, or thereattar begun. may be pro~scut~d as it all monaya sscured heroby ~d matured prior w it~ ~ institution. ~ i F 7. '!!ut in the event tlut at tbe beginnmg ot or at any time pendins any euit ~pon thie mottg~ge, or to foe+srlwe it, or to retorm it, andlor to enforce p~yment of any cl~iia~ hereondrr, eaid Mortgages shall apply w tl~e court ` having juri~diction tMreof tor the appoint~ent ot a Receiver. aicA oourt stuD fortAwith appoint • R~oeiwr d aid ~ ~6~6'~ P*oP~tY all and singulu. iaclading all and siagulu the renb income profits. iss~es and rav~nuss trom ~ wlutaver souroe d~rived. eacb and evsry of which. it bein~ espeeNly understood is henby mart~sd as if ' speafically ist focth and de~rn'bed ia t,he granting and habsndum danses hrreot. and eneh iteesivar s6a1! have ~ all the bro~d and eHactivs tunctions ~nd pow~e m anywiss eutrusted by a ooart io • Recriver. and such appomcment ~ shall be made by wcA eourt as an admitted equity and • matter of absoh~te right to eaid Mortgagse, aad witMut refennce to t6e adequacy or inadeqwcy of the value of the property mortqaged or to the wlvency or msdvescy ~ oi uid Mortg~gor and/or of the defendanta. and tiut ~ucli rents, pro5ts, income, ieaues ~nd roveaues sbaU be ~pplied ; G by soch Receiver ~coording to i6~ lein and/or equity of aaid Mortgagee aed the pr~ctice of snc~ oourt. s F 8. tt is understood and agreed t~at t!?i~ mortgage is giv~ to secure. in additioa w ths note ar oWi~ation ~ ebove de~cribd any a~itional Iwn~ ar tutius advaacst mads withi4 twanty years frnm date hsreot by ths mortsaass ~ w said matsaaor~ or any sncce.sor ia qtJs of ..id mo:t~s ot c6e propecty bersby oonveyed: Providsd cbac c6e J~ toW unpaid balance of the indebtednesa secured 6ereb at any one time shaU not zceed the um principal amounc ot EIGHT THOUSAND TWO HUNDRED SI~(TY TWO ~8,262.00~ Do~lars ~ 1= 1, plus interest thsreon and any disbursements made by the rmrtgagee for the p~yment ot t~es. {evies or insuranos ~ on the PropartY eacvmbered hereby. wit6 intecast on sucb disburssments. ~ f IN WITNE33 WHEREOF, the eaid Mortgagor h~s e:ecuted this mortgage under seal oe the day and ye~r herein fir~t ~bOVe writteA. ~ °`3 gigned, and deli p of: ~Ls 'z ISEAI.! - Nea ano yX t3EAL1 , Li i Balano f ~ SfATE OF FLORIDA as. ~ COUNTY OF Sl'. LUCIE Before ms persooally appeared Neal Bal anoff and Li 11 i an Bal anoff , hi s wi fe of 2285 ~y N.W. 17th Ave., Gainesville,-Fl. 32605 ~Fh - to ms wrU known Rnd imown to ms to bs tb~ individnaLS. desm'bed 'm and wbo u~eut~d th~ foe+~oia~ mswm~ak - and edc~wbdged b~fore m~ th~t ~.6s,Y.. e:Kttted t~ wme ier tbe ptvpo~es t6ereia e~ces~sd. WITNE39 m~ e.aa .na o~w ~ c~. lOth a.y or De ber ~ - ~ ~ Notary PubBe io an/ t' , v, ~ . cbs Coancy and stace ADa~,s..id.^ . 0 ~ Q Z~ ~ythe~ r~in~M~ritar~a. ~ ~ _ 6GOK ~vO PAGE 7 ~ ~ = ~ ' Sept. 26, 1980 • . ..~t. `