HomeMy WebLinkAbout0450 s °uc~`co~w~i~'r`~i,~i
ROCER'OITR~S
C1E~R CIRCUITCOURT
. . RIf1E~
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~hal! have the option to receive and ~pply the ysme on rccount of the indct,t~ednees eecured hsroby or to permit
sajd Mortgagor to rsceive and use it or any p~rt thereot tor other purpoaes without~ thereby waiving or impairing
any equity, liea or rigAt undsr or by virtue ot this mortg~gs; and in the event said M~rtgagor shatl for any re~~on
tail to kesp lhe ~aid premises so insured. or tail to detiver promptly any ot aaid polieiss of in~unnos W said
1Nort8a8es. or I~i! promptly w pay tuUy ~ny premium the~efw, or in any rospect fail to pertam, disc6arge,
e~cute, elfeet, compkte, comply with snd abide by thia covenant, or •nv part hereof. ~aid Mottgag~ee tnay plaee and
p~y tor auch in~ur~nce or ~ny put thereof ~rithoul wsiviag or a(tectinK nny option, lien, equity ar right under ar by ~
virtue ot thia mortgage, and tbe fuU emount of eacA and every euch psyment ~heU be innmediately dus and p~yabk
and ehall besr interest from tAe date thereof until paid at ~1?e rste of ten per ceatum per aanum and together ~rith
autA interest ~hRll be eecnred by the lien ot this reortgage.
4. To permit. commit or su~fer no wasts. impairment or deterioratioa ot ~aid property or any part tl~ereot.
S. To p~y all and sinqalar the co~ta, charqre and e:pensee, including r~~on~ble Iswyer'~ fees and oost ot
~batnct~ of titte, iacurred or paid ~t• any time by said Mottgagee because and'ar ia the e~ ~e:~t of tAs tailure on the
p~rt of the aald Mortgagor to duly. promptly and fully pertorm, discharg~p. e=e~cute. effect. compkt~, compty with
and ~bide by each and every the etipulations, agreernenta, rnnditio~e end ooveneeta of eaid proenissory note, end
thi~ mortgage, any o~ either, ~ad eaid costa. chery~es ~nd e:pen~ee, each ~ed evtry, sAaU bs immediatety due and
payabb, whet?rer or aot there be notice, demaad, ettempt to coUect or sait pending: and the tull aeaount ot e~ch
and every auch paymeat shaU bc~ar intereet trom the d~te thereot until paid at the rate oi ten per centum p~
annum: and all said costs, c6argss and ezpenees ~o incurred or p~id, together with such interest, shaU be secured by
the liea ot this mortgage.
6. 7Lat lal in the ev~t ot aay bre~cA of tAie mortgage or detault oa the part of the Mort~~gvr, or (b) in the
• ev~t any ot said aurae oi moaey Aerein roferrsd to bs aot promptly ~td tully paid ~rithin tea days ns:t after tM
ume severally becoms dus and payable, witlaut d~aad or notice, ar (ci in the event each and every tAe stipuLtions,
agreament~s. toudilions ~nd covsn~nts. of said proa?issory nate aad this mortgage. any or eithx. ars not dWy.
pmmptly and tnlly pertormed. diseAarged. ezeeuted. etfected. oompleted. complied with and ~bided by. ch~?. in either
or any sucl~ event, tAe eaid aggregate wm mentioned in aaid promiesory notc thea remaining uapaid, with iat~est
~ecrued. and aU moaeys secured heneby, sh~ll baeome dae and payabb forthwith, or thereafter, st the optioa ot said
Mortg~gee. ~e tully and rnmpletely •s if all of the eaid sums ot eamey .vere originally etipulated to be p~id oa
such day. aaything in said promissory note. and or iew this mortgage co the contrary notwithstanding, and
thercupon or thereafter ~t the option of ~a~d Mortgages. ~rithout notice or damsad, suit ~t law or in equity,
tberetofo% or thereefter begun. uuy be prosscuted as if eU rtaney~ secured hereby h~d maturet! prior to its
u?stitution.
7. That ia t6e event ttut at tlu beginning of or ~t anY time pendin8 anY sult uPoe this mortgage, or to forocbse
it, or to rofora~ it, andlor to entorce psyment of eny claiins herennder. ~aid Mortgagee ahall apply to the eourt
h~viag jariedictan thereof tor the appoint~t of a Receiver. sue6 court et?~L` fortAvriW appoint a Racaivar of said
mortg~ged property all and aingulsr, iacludiog all and singular the rente income profits, issuee and reveaues from -
wAatever eource derived, eac6 aad eveey of which, et being e~ressly underatood i~ bereby mortgaged as if
epecifically set forth tad described in the aranting and habendum clauee~ hereo[, and euch Receiver ahaU have
ell the brosd snd effective functione and powers in anywix entru~ted by s court to a Receiver, and auch appointment
ehall be made by auch court ae en sdmitted equity snd a matter ot eDaotute :igh.t W aaid Mortgag~ee, and wit}wut
rcference to the adeqwcy ot inadequecy of the velue of the property mortga~ or to the ~1~•ency or insolvency
ot said Mortgagor andlor of the defendsnts. ~d thet ~uch rents, profita, ineome, iseuee and revenues ahall be applied
by snch Heceiv~ accotding to the te+n ~nd/or equity of ~aid Mortgagee and the practice of such ~oiut.
8. It ie understaod •nd agreed that this mortgage is pven to secw~e, in ~ddit'aa to tAe note or obtig~tion
above deseribed ~nq additiowl bens or futun ~dvances made within twenty rears from date hereof t~y tM mortaagee
to eaid mortg~gors or any succeseor ia titls of uid mortgagors ot the propertY hereby conveyed: provided th~t the
total unptid b~Lnoe ot- the indebted~s e~ecnred hrreby at any one time eAal1 not e:ceed the mezimum principal
~maint ot ~~~THO~ISAN~ ONE HUNORE~ FORTY TWO (~11 142.00)------------- D~11ars
li 1, pins in ~ any ebureements ma e by the mortgagee for ~e payment of tazee, leviee or ine~vanoe
on the property eacumbered hereby, with intere~t on such diebursement~.
IN WITNESS WHEREOF, the said Mortgagor hae e:ecuted thia cnortg~ge under seal on the day and year herein
firet above written,
Signed. ee~led livered ' the p of: J~ ~ v, .
?
/l/ ~~:IG/~ •
fSEAI.i
~ `~Jo L. rankli
ISE AL)
ATE OF FLORIDA Evelyn . Frankl i n
COUNTY OF 3T. LUCIE
~to~ ~o,~, John L. Franki in and Eveiyn S. Frankl in, hi s wi fe of
471 Temple, Satellite Beach, F1. 32937
to ms weil knawn and Imowa to ms W be tt~s individuaL.. desaribed 'm and w6o uecuted the fa+egol~; s~ttvno3nt,
,
u~d acl~nowlsdged be(ore me that .._.hs.... e:ecvted the wme for tbe pwposss t6arein ezpr~s~sd.
wJTNESS ~y b.oa .na o~u ~ c~, lOth ~ ot Ja r - 19 78 .p
~1. G~i~Ge~~-C_
Pnblic io ~nd for
U R~V~ ~ ths Ca~aty and $t~~a Ata~eaaid.•
g00~ Pt,GE ~2 Josephine M. W1`~ai
• Not~i~ t. ~ E ef a~ia ~r uacE
~tl C0~lM?SSI4ti ExP!RiS NRR lc;?,
BOB~ED 111Rt! MAINRRD 6Gt,,,°~; ;~;~y~t
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