The URL can be used to link to this page

Home My WebLink About0388 . ~.fpK CIRCUiT COu ' ~ ' v:_p~r~EO F~e 10 8 z~ ~N'78 ~ ~ 39410'7 shall havs tAe option to receive ~nd apply the same on account o( tbe indebcedr~s secured heroby or W pentut said Moctgagor to receive and uss it or any part thereot !or otMr purpoae~ witAout thereby wafving or impairing any equity, lien or right under or by vutue oi thie mort~ge: and in the rvent said Mortgagor ahdl tor ~ny rea~oa (a~l to kesp the said proatises so insured, or tail to deliver promptly •ny ot eaid policies ot in~urance w~aid MpKgiges, or tatl p~omptty to paY fully any premium theretor. or in eny respect tail to periornf, disclurge. e:cute, efteet, compkte, comply with and aAide by thia covenant, or an~ part hereot, ~aid Mort~tegee m~y plaoe and p~y for such ineur~nce or any part thereof ~vithout waiviag ot affect~nK any option, tsen, equity o~ rigAt under o~ by virtne of thie mortgage, ~nd tLe tull amount o[ each and evsry ~uch payment 9Aa1! be immediatel,y due and p~y~bk and d~aU bear interest irom tha date thereot until paid ~t the rste of ten per centum per aanum snd tugetAer with such interest sRall be setuted by tAe lien oi tltie mortg~~ce. To permit. commit or sufter ~+o wasta, impsir~nent or detenorata4 ot ~A pmperty or any p~rt ~nereoi. 5. To pay aU aad singular tAe costa. ehar~ee and e:penee~, including reasonable lawyer's tees and co~t ot 'ab~tracts ot titk, iacurred or pa~d ~t• anY time by said Mortg~gee becawe andtor in the event ot the failure on the part of the said Mortgagor to duly. prompcly ~nd fuUy periorm. discAuee. e:ecute, effeet. complate, comply with and abide by eath ~nd every the etipul~tions. agreements. conditions ~nd covenenta of said promiiwry note, and thi+ mortgage, any or either. and s~id co~t~, chuge~ and e:penees, e~eh and every, ahall be immedi~tety due and p~y~bk, whether or not there be notice. de+nand. attempt to coUsct or iuit pending: and the full amount ot esch and every such p~yment sAaU be~r intereet from the d~te thereof until paid ~t the rate of ten per oentum per annum: and aU said costs, charges ~nd e:penses ~ incurred or paid, together with auch interest. slull be sacured by the liea of this mortgags. - 6. 'fhat (al ia the event oi any bre~ch of thia mortgags or detauh on the part ot tAe Mort~igor, or Ibl m t6e • event any of eaid aum~ ot money herein reterr+ed w be not promptly and tully p~id writhin tea days ne:t atter the saine ssvarally beeoms due u~d p~yabis, witl~out demand or notiee. or !el in the eveat each aed evary tbe stipulations. agreeinenta. rnnditans and coveoants of said promissorY oote and this mortgage. ~ny or either. are not ddy. promptly ~nd fulty pertormed. di~clurged. e~cuted. eHected. rnmplet~ed. complied with and abided by. thea. in either or ~ny such event, the said aggregate aum mentioned in ~id promissory note then remaining unpaid with intetest accrued, and dl moneye secured hereby. shall become due and payabk Eathwith, or tRere~tter, at the optioo of aaid Mortgagea ~e tully and oompktety u it all of the said sums of nomey w~ere originally stipuLted to be paid oa such day. anything ia said promissory nota aad or in t~is mortg~ge w the contrary notwithetanding and thereupon or thereatte~ at the option ot e~id Mortgagee. w~thout ~wtice or damand, suit ~t law or in equity. theretofore. or the~fter beg~n. may be pco~seut~d ~s if all moneys xcured be~eby hsd matured prior ta its institution. 7. 'lbat in tbe event that ~t the beginninq o! or at sny time pe++ding ~ny su!?_ upoa this riwrtq~ge, or to torec~o~e it, or W cetorm it, and~or to enforu p~yma+t ot sny claim~ hereunder, eaid Mortgagee eAall appty to the court having j~risdictian thereof for the eppointment of • Receiver. such coart eMll forthwith ~ppoiwt a Receiver ot said aartg~ged propertY all and aingular. including all md ~ingalu the ronte income profiis. isau~s a~ rsvennee from whatever souroe derived. e~eh and every ot which. it being e=pressly underacood is heroby morigaged as it specifically set torth aad de~cribed in the granting and hebendum clsuses horeof, and auch Receiver ahall have ~ dl the broad •nd effective tunctione and powers in snywise enwst.~d by a court to a Receiver. •nd such appointment E shall be made by eucA court as an admittrd equity snd a mattrr of sMotvtc : igLt to said Mortgagee, and ~vithout reference w the sdequaey or inadequac~- of the v~l~e of the property mortgaRed or to the solvency or ineolvency ' of said Mortg~gor andlor of the defendants. and that ~uc6 renta, profits, u~c~me. iaaue~ and revanuee shall be ~pplied by such Receivu ~coording to the lein and:or equity of aaid ;~[atgagee and the practice oi euch oourt. ! ~ 8. It is unde~stood and agreed thal this mortgage is givea to secure, in ~dditioa to the note o~ obligation above described any ~dditioaa! lo~n~ or tuture ~dv~nces made within tw~ty yeare trom date hereof by ths mo:igagee ~ to s~id mortq~gor~ or any suctrossor in title oi said mortgagars of the property hereby rnnveyed: provided tbat the total unpaid balaace ot the indebtedness secured hereby ~c any one time ehall not e:ceed the ma:imum principal ~ amountoi SEYE~OUSAND SEVEN HUNDRED E~GHTY NINE (~7789.00)--------------~~s ~ li 1, pius interest t and any diaM~rsemente made by the mortgagee for the payment of ta:ee. levies or insurance on the PropertY encumbered her+eby. with interest on euch disbursementa. ~ !N WITNESS WHEREOF, the said .L~ortgaqor 6aa e:ecuted thia mortgage under eeal on the day and year herein ~ fv~t above written. ~ Signed. ~ealed and delivered in t~e preeence ot: ~ ~ ,1~''!c 4-~~ f- ~ ISEALI ~ i f 011d • ` ~ _ ' ~ISEAL? ~ - ~ Juanita J. Ma tt STATE OF FLORIDA ~ COUN7'Y OF 3T. LUCIE ` ~i~ ~~~~~y,~ Donald M. Malott and Juanita J. Malott, his wife of ~ ° 3665 Alan D"r., Titusville, F1. 32780 ~ ` to ms well known and Imo~wn to ms to bs tbs individnal__ described in and who szeeuted tbs toregoing insttua~aat;- ~ and aclcnow{sdged Mfore me tlut ....6s.... e:eeuted tbe same tor tbe puposss therein e:prsessd• - - ~ . - wtTNESS my b.na .na offic;.~ se~l ceis 28th a.y or Jan - ~ ~ ` U A Notary Pnblic in u~d ~ ' 7M ~ Pa~K282 ~A~ 3~ ~ ~t°~ Cat er~ne an ara ~ ' ~ ~ My oommi.aion a:pirer ~ ~ ~ Sept. 26, 1980 _ - - . _ . _ ~ ~ ~ ~ ` ,-i _