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HomeMy WebLinkAbout0176 sAsU have the option ~o recci~~e and epply the same on account of the indebtednese secured he~eby or to permit said MortRaRor to receive and use it or aoy part thereof for other purpose9 w+ithout thereby waiving or impairing sny equity. lien or right uncfer or by ~~irtue c?~ this mortKaE[e: and in tRe event said Mortgagor ahall for any re~son fail to keep tAe said premise+ so insured, or tail to detiver promptly any of said policie~ ot 'tnsumnce to ~aid Mortgagee, or tail promptly to pay fuU~• am~ premium therefor, or in any respect (sil to parform, dixhuge, e=cute, eftect, comptete, comply with und ebide by this covenant, or eny pert hereot, said Mortgagee may plsee and pey tor such insurance or anv part thereot withwt waivinR or aftectin~ any option. 6en, equity or right under or by virtue of this mortRage, and the full amount of each and even• such payment shall be immediately due and payable and sAall bear interest from tha d~.r uatil psid at the rate of ten pcr centum per annum and together with such interest shall be secured by the lien ot this mort,Rege. 4. To permit, commit or sutfer no waste, impairment or deterioration of said property or any part thereof. 5. To pay ap and sinRular the costs, charRes and ezpenses. inciudinR ree~onable lewrye~'a fee~ and ooat of abstracts of title, incuned or paid at any timc~ by said MortgaRee beeause andror in the event of the tailure on the part of the said Alortgaqor to duly, prompth• and fuUy perform, discharRe, executp, effect, complete, rnmply with and abide by each and every the stipulations, egreements, condiieons ancl ~rovenanta of said promisaory note, and thia mortgege, any or either, and seid costs, charRes and eapenses, each end every, shall ba immediately due and peyable, whether or not there tu~ notice. demand, attempt to collect or suiL pendi~q: and the full emount of ~ch and every such payment 4ha11 bear interest from the date thereof until paid at the rate of ten per centum per annum; and all said costs, charRes and e:penses So incurred or paid, toqether w~th such interest, shall be secumd by the lien of thi~ mortRaRe. 6. Tttat !e! in the Pvent oE any breach of this mortgaRe or detault on the part of the Mortga'gor, or Ib) in the • event any of said sums of money herein referreci to be not promptlv and fully paid within ten day~ nezt afte: the same severally become due and payable, without demand or notice, or Ic? in the event each and every the stipuletions. eRreemenb, conditions and covenants of said promissory note and Lhis mortQage, sny or either, are not duly, promptly end fully performed, dixharRed, e:ecuted, effected, completed, compGed with and abided by, then, iti either or any such event, the said ap,greRate sum mentioned in said promissory note then remaining unpaid, with intere~t accrued, snd all moneys secured hereb}•. shall become due and payable f~~with, or thereafter, at the option ot said Mortgagee, as fuUy and completely as it all of the said sums of nomey were oriqinally ~tipuleted to be paid on such dey, anything in seid promissory note. and or in this morcE,age to the contrary notwithatanding, end thereupon or thereafter at the option of said MortRaRee, without notice or damand, suit at law or in equity, theretofore, or thereafter begun. may be prosccuted as if all monevq ~ecured herehy had matured orior W its ' institution. ; 7. That in the event that at the beqinninR of or at am~ time pending em• 3uit upon this mortgage, or to forecbse ; it, or W reform it. and!or to enforce payment of ant claim~ hereunder, aaid Mortgages shnll apply W the court 4 having jurisdiction thereof for the eppointment of a Receiver, such court shell forthwith appoint a Receiver of said ~ mortgaged property el! and sinRular, including all and sinqular the rents income profits, issue~ and revenues from ; whatever source derived, each and even~ of ahich. it being eapressly understood is hereby mortgaged a~ if i specifically set forth and described in the Qranting and habendum clauses hereof, and such Receiver shell heve g all the broed and Pffective functions and powers in an~•wise entrusted by a rnurt to a Receiver, and such appointment ; ahall be made, by such court as an admitted equity and a matter of absolute right to said Mortgagee, and withoat reference to the adequacy or inadequacy of the value of the property mortRaged or to the solvency or iaeolvency ~ of said Mortgagor and;or of the defendants, and tAat such rents, profits, income, issues snd reveaues shall be epplied ~ by euch Receiver accordinq to the iein and'or equilf of said biortgagee and the p~actice of st~ch oourt. ~ 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligstion above desrribed any edditional loens or future advance~ made within twenty years from date hereof by the mortgagee ~ to said mortgagor~ or any successor in title of said morEgagors of the property hereby conveved: provided that the ~ total unpaid balance of the indebtedness secured herrb ai any one time shall not zc~ th imum principal amount ot FIFTY THREE HUNDRED EIGHTY TW~ ~5,382.~0~ vollars ~ Ii 1. plus interest thPreon and any disbursements mede by the mortgagee for the payment of tazes, levies or insurance ~ on the property encumbered hereby. with interest on such disbursements. r~ ~ IN WITNESS WHEREOF. the said ~tortgagor has ezecuted this mortgaqe under seal on the day and year hemin fvst above written. ~ ~ . ~ - ~ Signed, sealed and delivered in the preser.ce of: ~ ~ ~ ~ ' 1 AL) ' ~ ruce . ar _ s- a ng c. EAL) ~ _ , ` ~ STA'CE OF FLORIDA Ss INC. COUNTY OF ST. LUCIF. Mari yn P. arte /Y?~ ~.z rc ~ aetore me ~~9onauy aPPea«a _BrUCe R. Sartel and Maril~n P. Bd1~te1 ~ his W~fe ~ _ of 1418 lOth St., Lake Park, FL. 33403 ~ ~ . to me well known and knowm to me to be the individualS. described in snd who e:ecuted the foregoing inst~p~ent, end aclcnowledged betore me that t.he...~/e:ecuted the same for the purpox~ thaein e:preased. . ' 7 ~ WITNESS my hand and official aeal this 31St _ day of ~Ct r , ~ Public in arn~- ~ . ~ - ao~ 7Q~ ~ the Connty aad Stata;Atutesaid. " ~irV PacE ~7 Catheripe M. C~Atara~~ . ~ _ _ My commieawo expires: ~ ~ Sept. 26, 1980 µ:x '