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Home My WebLink About0146 i~`E~c i cov~ r ~i,°~. ROQER'OITRAs CLE~k CIACYIT COUAT ` r: -~.p 11~qfF1Ep ~ ~AN ZI I2 09 PM'~~ 39i893 shall have the option to receive ~nd spply the same on account of the indebtednsss secured h~r~by or to permit ~id Mortg~go~ to receive ~nd use it or any p~rt thereof tor other purpose~ without thereby waiviag or impairing ~~y equity. I:en or right under or by virtue ot thi~ morcq~Re: and in the event ~aid Mortgagor shall tor any re~son tail to Icesp the ~aid premi~es ao insured, or t~il to deliv~ poomptty any ot said polici~ ot inaunaoe to said Mortgages. or tsil promptly to pay tuUy any premium theroto~, or in any respect tail to periorm, discharge. e:cute, ettect, compkte, comply w~ith and sbide by thia covenant, or any part Aereot, said Mortgagee may plaoe and •psy tor auch insurance or any put thereot without ~raiving or •tfecting any option, lien, equity or rigfit ut~der or by virtue of this mortgage, and the tull emount ot each aad every auch payment ahall be immediately dus ~td pay~bk end ahaU bear interoat from the date theteof unti) paid at t4~e rate ot ten per ceatum per ~nnum and toqether ~rith such inte~t ~haq be secured by the lien ot thi~ mo~tg~ge. 4. To permit, commit or eutfer no waate, impairment or deteriontiop ot eaid property or any part thereot. S_ To p~y all and eingular the coete, c~arges snd e:penae~, includinR ressonsbk 4wyer'a feee snd cost of ebstracts of title, incurred or paid at• sny time by eaid Mortgagee becaux end/or in the event ot the faiture on the pert ef the aaid Mort~[aRor to duty, promptly and tuUy pertorm. diecharge. e:ecute, effect, compkte, oomply ~rith and ~bide by eacA and every the atipulat'ane, agreemeats. rnnditione end covenente ot said proau~sory aote, and tAis mortgage. any or either, end aaid coats. cherges end e:pen~es, each snd every, ehall be imrnediat.eiy due ~nd payabk, whether or not there be notice, demend. ~ttempt to coUect or ~uit pending: and the tull amount of esch and every ~uch peyment shaU bear interest from the d~te thereot until paid et the rate oi ten per centum per annum: and al! aaid cost~, chargea and e:penxa ~o incurred or p~id, together with ~uch interest, ahal! be secured by the lien of thi~ mortgage. 6. That Ia1 in thc event ot any bre~ch ot this mortg~ge or default on the part of the Mort~igor, or Ibl in the • event ~ny of uid ~ums of money herein referred to be not promptly and fully paid writhin ten days ne:t ~ft~ the ssme xveraUy become due and paysbk. without demand or notice, or Icl in the event each and every the stipulatans, ~greementa, conditiona and covenaats o! ~aid pro~niseory note and this mo~tgage. any or either, ue not daly, promptly and futly performed. dischsrged, e:ecuted. etfected, compkted. rnmplied with and ~bided by, then, in either or any such event, the said aggreg~te ~um mentioned in eaid promiaeory note then remaining unp~id, with interG+t accrued. and ell money~ xcured hereby. ~hsll become due and pay~ble fo~thw~ith, cx tfiereafter, et the option of said Mortgagee. es tully completely es i( all ot the said sums of nomey were originally etipulated to be p~id on such day. •nything in eaid promiaeory note, and o~ iu thia mortgaRe to the contr~ry aotwrithstanding and thereupon or thereafter st the option oi ~aid Mortgagee. without notice or damand, auit ~t ta~r or in equity. theretofore, or thereahe~ begun, may be proeecuted a~ if ~U money~ secured bsroby had matured prior to ics inetitution. 7. That in the event that st the be~Linninq of or ~t any time pending any suit upon thia mortRage, or to foreclox it. or to nform it, and!or to enforce pa.vment of any claim~ hereundar. ~aid Martgagee ehall •pply to the court having jurisdiction thereot for the appointment ot a Receiver. ~uch court ehall forthwith ~ppoint a Receiv~ of said mortgaged property dl ~nd ainqular, including sll end sinqular the renta income profit~, iswes and reveaue~ trom j whatever source daived. e~ch •nd every of which, it being e:pressly underetood ie hereby nwrtgaged as ii ; apecitxally set forth and described in the Rrsnting and hebendum clauaes hPreof, end auch Receiver shdl 6eve all the broad •nd effective tonrtione and powrers in enywrix entruated by ~ court to s Receiver, and such eppointment ; ahal! be msdr by euch court as sn admitted equity and a matter o( absolute : iQt~t w said Mortg~ee. and without ~ reference W t6e adequacy or inadequacy of ihe v~lue o[ the property mortRaRed or to the solvency or iasdvency ; of said Mortgagor andlor of the defendants. ~nd that auch rents, profit~. income, iasues ~nd revenuee shtll be ~pplied ~ by e~ch Receiver scrnrding to the lein ~nd~or equet_r• of ~aid Moctgagee and the practice of wch oourt. 4 ~ 8. It is understood and agreed that thie mortgsge ie given to eecure, in addition to the not~ or ob}igation + above dexribed aay ~dditional bans or tuturo advaecee made within twenty yeare from date hereot by the a?o~tgagee ~ W said mortgagore or ~ny aucceasor in title of said mortgagors oi the prope~ty hereby rnnveyed: provided that the ~ total unpaid belance ot the indebtednes~ ~ecured hereby an one time ~Mll not e:ceed the ma:imum principal ` amountot $EYEN THOUSAND FIVE HUNDRED FORTY (~7540.00)---------------- Douare ~ li 1, plue intereet thereon snd any di~bursementa made by the mortgegce tor the psyment of ta=e~, levies or ins~uance on the propeity encumbered hereby, with interest on euch diabursements. ~ ~ IN WITNE3S WHEREOF, the aaid y[ortg~gor hae e:ecuted this mortg~ge under eeat on the day and yesr Aerein ~ fir~t above written. ~ ~ Signed, seded and delivered in the presence ot: ~ • / ~ • S • tSEAL1 ~ ' ~ ISEALI ~ Kathleen B. agno STATE OF FLORIDA se. COUNTY OF 3T. LUCIE {s s~c~ ~~~n.uy.p~a William T. Wagnon, Jr. and Kathleen B. Wagnon, his wife of ~ ~ 1210 Daniel.Court, Merritt Island, F1. 32952 ~ to me wsll known •nd Irnowm W me to bs the individuab.. deeQibed in and wbo szeeuted tbe foregoing inst~?t, ~ and acknowledged betoro me tbat ..the.,Y e:ecvted t6e same tor the pnrpoeee therein ezprossed. ~ ~ - ~ 30th Novem er " 77 > ~ wt~rrrESS my n.na .nd otficisl eeal cws _ a.y ot ~ 19 ~ . ~ O R ot~rr Pnblic in and fpc • ' . ~ s~ tbs Couaty and 3tate ~ ~ : .~'+ti 8~70KG8~ F~GE ~45 Catherine M. Cantb~M~• ~ ~ - My oommission ezpires: _ . • ~ Sept. 26, 1980 ~