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Home My WebLink About0154 ~ c~u ~ C~.ER,R Clfl~W~{,`~QUAT ~ ;,~^.r vEp?~;Ep..~._~. . Jay 11 !2 ~ o PM'18 s~all Mve the optioa to receive and spply the +ame on account ot the indebtednass eecured Aereby or to pernut said Murtgagot to receive and use it or ~ny p~rt thereot tor othe~ purposee .rithout thereby ~raivit~g or impairie8 a~y equity, lien or right under or by vircue oi thia mortgags: and in tAe event uid Mortg~gor ahall tor ~ny roason (W to lceep the eaid p~emises so insured, or fail to defiver promptly ¦ny oi s+iid policies ot inshranoe to said Mortg~gee. or t~il promptly to pay fully any premium theretor, or in any respect fail to pertorm, diechar~e, e:cute, etfect, compkte, comply ~rith aod ahide by thi~ covenant, or en}• pert herrof, said Mort~gee may place and p~y for such in~ur~nce or sny part themof without .vtiving r,~ affec~ir~~ ar~~ c~iri,r. ::zr;. ~uity tat r.glti u.~d~ ar by virtue ot thi~ mortgage, and tbe tuU unount of eaeh and every such payment shall be immediatety due and p~yabk •nd shall bear interest from the date tAereof until paid at the rate oi ten per centum per ennum end together ~rith such interest ~1?aU be secund by the lien of this mortgaRe. To permit, commit or auifer no ~raete, impairment or detenoratiow ot said property or any part thereoi. S. To pay aU and ~inguler the co~ta, chsrqee and ezpensen. includinR reasonable lawyet'e teee aad co~t of ebstracts of titk, incurred or psid at• any time by ~aid Mortgagee becaux and:`or in the event ot tl~ tailure on the p~rt ot the uid Mortgag~or to duty. promptly ~nd fully pertorm, diecharge. e:ecute, eHect, eomplets. comply with and abide by each and every the etipuletione. ~greetneats, conditione and covenanta oi eaid promieeory rwte. snd this mortgage. any or either. ~nd uid cost~, charqes end e:pen~ea, each and every, ehatl be immediatdy due end p~yebk, whether or not there be notice, demand. ~ttempt to collect or suit pending: and tUe lull amount ot each ~nd every such payment ahaU besr interent from the d~te thereof unti! paid at the rate ot ten per ceatum per ~nnum: and ~U said coets. ch~rges ~nd e:penses ~o incurred or p~id, togetAer ~vith such inlerest, shall be secured by ~ the liea ot this mortgage• 6. That t~l in the event oi any bre~ch ot thi~ mortgage or defautt on the part of the Mortgigor. ~ Ibl in the • event any of aaid auma ot moaey herein reisrred to be not promptly and tully paid ~rithin ten days ae:t ~tter t6e ~ame sevsr~lly become due and p~yabk, wichout demand or aotice, or IN ia the event each and every the etipul~tions. agreements, conditions and covenants ot e~id promissory note and thie mortgage. any oT either, are not duly, promptly and fully pertormed. discharged. ezecuted, effected, eompkted. oomplied with and abided by, then, in eit6er or aay euch event, the said aggre~te sum mentioned in aaid promi~eory note then rema~ninq unpaid, with intere~t accrued, and ell moneys secured tsenby, shsll become due snd p~y~bk for~h.vith. or thereatter, et tAe option ot said Mortgagee. s~ tully and comptetely ~s if aU of the said sums of nomcy wern originally ~tipulated to be paid on ~uch day. anything in eaid promiasory nae. and or in this mortg~e to the rnntrary aotwithstanding and thereupon or thereafter at the option of eaid Mortg~gee. without notioe or damaad. +uit ~t la~v or in equity. theretofore, or there~fter begun. may be prosecuted ae it aU money~ ~ecured hereby Aad matured prior to its institutan. T. lhat in the event tMt at the beginning oi or at any time pendit+g an) ~uit upon thi~ mortgege. or to forecbse ; it, or to retorm it, and/or to entorce p~yment ot any claims hereunder. eaid Mortgages ahall apply to the court having jwisdiction thereof tor the appointment ot a Receiver, suth court ~hsll forthwith ~ppoint a Reesiver of said j mortgaged property ~U and ~ingular, including dl end ~ingular the ronts income profite, ieaues and reveau~ from ! whatever source derived, each and ev~y of which. it being ezpreealy understood is Aereby mortgaged ae if 3 apecificaUy aet forth and de~cribed in ihe ~ranting and habendum ciawe9 hr•reof, and ~ucfi Receiver ~hdl have t ell the broad and eftective tunetione and pow~ers in anywrix entru~ted by • court to a Rereiver, end euch appointment ~ ~hall be mede by such court ae an admitted equity and a mstter of eb~olut, :iAt.t to ea~d ~lortgagee. and without 3 reference to the adeqwcy or inadeqwcy of the va{ue of the propertp mortgeRed or to the wlveney or ineoivency ~ ot ~aid Mortgsgor andlor of the defendants. and that euch rente. profta, income. i~suea snd re~enuep ehall be applied ~ by euch Recriver acoording to the lein and~or equity of eaid ylortgagee and the prectice of euch oourt. ~ 8. It ie understood ~nd sgreed that thie mortgage is given to sacure, in eddition to the note o~ obligation ~ ebove described ~ny ~dditional loana or tuture advance~ ma~ within twenty yeere from datr hereof by tbe mo:tgagee to a~id mortgagore or any eua~eesor in title of said caortgagors of the property hereby conveyed: provided tt~t the ~ total uap~id b~laace of the indebted~s eecured hereby •i any one tima ehall not e:ceed the ma:imum principal ~ amount otjy,~ENTY THOUSAND ONE NUNDRED TWENTY (~20,120.00)-------------- 1= 1. plue intereet thereon and wy dieburxmente made by the cnortgagee for the payment of ta:ee. levies or ineuranoe ~ on the property encumbered hereby, with interest on euch diaburxments. ~ IN WITNESS WHEREOF, the said Mortgagor hae e:ecuted thia reort~ge uader eeal on the day ~nd yeer herein ~ fv~t above written. ~ Signed, sa~led and delivered in the presence oi~ ~ ~ 1 ~ errar .3 Irene B. Sherrard ' ~ STATE OF FLORIDA r3 ~s- ~ COUNTY OF ST. LUCIE ;w ~io~ ~~~~uy .P~~ Lloyd L. Sherrard and Irene B: Sherrard, his wife of ~ ` 285 Sunrise Dr., Key Biscayne, F1. 33149 ~ ~ , - to ms wsU known and imown to ms to be tbs individuaL.. de~aibed in and who e:ecuted ths faragoin8 ~v~ ~ and atknowledg+ed betoro me that ....hs.... e:ecqted the ~ame tor t6e purposes therein e:p~es~ed. - ~ WITNE3S ~q ti,na .~a or~~w ~ c~. 30th d,y ot Dec ~ ~ . ~ ~ - • ~ ~d .c -~d~;~-~ ~ weu~ ~ .na ta - : ~ • - . ~ _ the County and 3tate Aforesaid. '.~z. ~ 6o0K 201 PaGE Catheri ne M. Cantara My commusion ~ ires: Sept. 26, 1~80 ~