HomeMy WebLinkAbout0161 ~~CO
NT~Y ~A.
1lOCE1t ?ORIt~S ~
CIERK CIRCUIT COUR;
^"~•~Ary YERIf1~0
JAN 11 IZ ~o PH'lg
3.92ppx
ehall have the option w+ece+ve and aPP~Y ~~nt uf tbe iadebtednsss eecured hereby or to permit
uid Mortga~ to receive and we it ot any part tbereot tar otMr purpoees witlkwt thereby waiving or imP~~B
u~y equity. lien or right undK or by virtue d tti' mort~e: ~ad in the eveat aaid Martgagor shaU tot any reason
tail to Iceep tbe said premisds so in~und or t~7 to de~ver prompcly any of s~id policies of innu~aos to said
I?lortg~ges. or f~il promptly to P~y lully anr Pesoium tl~erefor. or ia any roepeet (~il to pertorm. diacharge,
e:cute, ettect. complete. oomply wit6 aed a6ide by th~+ coveaant, or any psrt he~eof, said Mat8~6!'s ~Y Plaoe and
WY 1~ ~ch in~urance or ~ny parc tl~er~eof witlrout waivie~ or ~ftectiog any optan. lien. equity or rigAt under or by
virtue ot thi~ mortg~~ aad tLe tu~ ~mouat d eicA and every aoel~ p~yment ehall be immediately due and p~yabk
~nd ehaU be~~ intere~t trom the date thereof unt7 paid ~t the nte ot ten per centum per aanum snd Wgether with
such iaterest ~Aall be secvred bp tbe tien of this mort~aa-
To permit. commit or suffer ea ~raste ienpairment or deteriontaA ot said PropertY or my part thereot.
S. To pay all and sinaular cl~e coets. cl~rRe~ and s:pees~s. includin8 re~~onsble Iswyer'e tees and ca+t ot
abstracts of title, incurred ar p~id ac• aay iime b~ ~a;d Morcaagee becawe sndfor in the event ot the failure on the
part ot the uid Mortgaaor w dutp. proao~tly and tugr pKfortn. discharge. e:ecute. eHect. oomplete. complY with
and abide by e~cb and evers tAe stipulacioos, aareameota. oonditions ~nd rnvenant~ ot eaid pmmissory ~wte. and
thi~ mort~ge. any or atber. ~and ~aid co~ts. chsr~es and eiPe*?xs• eKh and every, ahaU be immediately due and
psyabk, wheeher or not chere be aot~ce• dea~nd• ~~tempt to col~~ a ruit pending: and the tull amount ot each
and every ~uch paymeet ahall bear intKeet from the date thereof until pairl at the rate ot ten per centum per
annum: ~nd all said costs. charge~ and ezpea.xs ao incumed or Wid• to~etAe~ with +uch intereat. +haU be xcured by
the lien ot thu mortg~ge.
6. That 1~1 in the event oi any 6re~ch ot thie mortgage or default on the part of tAe Mortsigor, or Ibl in the
• event any of aaid ~ume of mooey he~ein rele~red to be not promptly and tully paid .ritAin ten daye nert ~ft~r tl~e
ssme xverally become due and paYabla without deasaed or ootice• o~ tcl in the event each and every the stipolatione.
agreements. conditions ~nd eoveo~nte oi ~id Promis~ory not.e and this mortg~ge. any or either. ~re not duly.
promptly and tulty perfonoed. dixl~r~ed. e:ecuted, eftected, rnmpkted. complied w~th ~nd abided by. tha~, ia either
or any auch event, the said ~g~re6au aum mencioocd in eaid promisaory ~te t3~en remainin8 unpaid. witb int~erest
~ccrued. ~nd sU tn~neya xcured l~erebv. ~hall become due aad p~y~bk fo~thwith. or there~fter, et the option of eaid
Mortgegee. a~ tuUy and compkcd~ ii st! of the ~aid eums ot nomey wrere originally ~tipulated to be paid on
~ch dey. aeything in iaid pran4ssory riot~ ~nd ar in tbis mort~aqe to ~he contrary notwithetanding. and
thereupun or tl~ere~fter at the opciae ot ~id Mo~tga~e. ~ithout notice or damand, suit at 4w or in equity,
theretotore. or there~fter be~~n. may be prwecutad as if all mon~~ s~ecured hereby had rtutured prior to it~
inatitution.
7. That ia the eveat that at [he be{cu~nu~g of or •t any time peadina any suit upon thia mort6age, or W foreciox
it. or W retorm it, and~or w eaforce pa_rmeet of anp elaim~ hereundei. said MortRagcs shall apply to the court
having jurisdictioa t6ereof tor tbe ~ppantment ot a Recciver. such court shall forthwith appoint a Reosiver of eaid
~rt8~8~ P~Y a0 and singular. includ~n~ a11 ~nd ~in8?ilu tlre rents income profit~. issue~ and reveaues from
wAatever soum derived. e~cli aed e~-e~ of ~.lnch. it beie; e:pressiy underscood, ie Aereby mort~aed ae if
!i specifieaUy set fath and descn~bed in tbc grancing and lubendum clsuses hPreof, and such Receiver shall have -
~ ell the broad and effecti.-e tuoctions eod po.ers in any~ix entrusted by a court to s Receiver, ~nd such appointmeni
ahall be mede by such oourt as an admatted equity aad ~ m~tter of ab~olute : igt~t to eaid Mortgagee. and without
reference to the ~dequtcr or insdequacy ot the value of the p:eperty mortp~sged or to the solveacy or ineolvency
ot ~id Mortgagor andtor of the defeedanb. and that euc~ reata. profits. income. iesuee ~nd revenuee shal! be applied
by such Receiver ~coording w tbe kin and'or eqaity oi ~aid Mortgagee and the pr~ctice of eucA oourt.
i
E 8. (t ia undentood and ~reed tmt t!~ morta~e is giwn to sscvre. in ~ddition to the nota or oblig~tion
3 above described ~ny additiooal iwas or futurr ~drancas m~de wit6ie twenty ye~rs from date hereof by the mortgagee
to said mortgaaors or any successor io title of ~aid mortaa~ors ot tM pr+operty hereby conveyed: pmvided tlut the
total unpaid belaace of the ~ndebtednes~ xcured 6erebY any one time ahall not etceed the muimum principd
amount ot SIX THOUSAND fOUR HINIDRED (6,400.00) DoUars
~li 1. plus interest therew~ and anr di~hur~emmte made by the mortgagee for the p~yment ot ta:es. kvies or insur~nce
on the PropertY eatttmbered Meby. ~~itb interest oe suth di~bursements.
IN WITNESS WHEREOF. t6e s~id Mortaa~ haa e:ecuted tAis moctgage under seal on the day and year herein
fv~t above written.
Signed. se~led and de6vered in t~e pre~enor of:
/ / ~
v ~ 13EAL1
L 1 7 @
r ISEAL?
~
~ STATE OF FLORIDA ~ "
~ COUNTY OF ST. LUCIE . , .
~ucy Mi 11 iams Abel of 2314 Trace Ave. , Orl~ando, ~1, 32809
~ Before me persooally appe~red . t .
Y
~ . . : .
~
~ w me wel) knawn and kno~wn to m~ to be td iadiridwl.. d~srn'bed in ~nd who a:ecvted the fore6oin~ipeq~fooea~ ~,i-.~
~ wd ~d~nowlscfasd befoce me c6~ ._~a:._ ~~cvted tbe ams tar ths p~uposes thvein ezpres~ed. :
~ . .
~ wITlvESS mr 6.sa .na ue6a.1 ssl chi. 2f~ h a.y or N v er
~
~
~ Not~ry Publie in t
~ the Connty and 9tate Aforesaid.
Catherine M. Cantara
0 R Fl~f My oommi~sion s:pires:
Sept. 26, 1980