HomeMy WebLinkAbout0474 / LEO AMO RECUi~utu
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ehall have tAe optaa to receive and apply tAe ume on accouat ot the iwdebtedness eecured hereby or W permit
s~id Mortgagot to ~eceive and ues it or any p~rt the~eof for othe~ purpoeea witAout thereby waiving or impairing
aay equity. Gen o~ right uoder or by virtue oi this mortgage: ~nd in the e~•en~ ~aid Martgagw ehaU !or any ro~soa
fa~ W tssp ~he said premiaea ao in~ured, or [ail W deGvsr promptly ~ny ot e~id policies ot inwranoe W said
Mortsags~, or teil promptly to p~y ~tlUy •f1y premium theretor, or in any ro~pect fail to psr[ora~, dIscAarg~e,
e:cute. effect, compkte, comQly ~vith end abide by thi~ covenant, or nny part h~n+ol, eaid Matgagee may plaae and ,
pay for euch iaauraete or sny part thereof witl~out waiving or dtectinK sny opuon, lien, equity or rigl~t under or by
virtue of thi~ mortgage, and the tull amount of esch and every ~uch payment shall be imakdiately due u~d p~yabk
~nd shaU bear interest irom the date theroof until paid •t the rate of ten per centum per anaum and together writl~
such intereat ~heU be eecured by the liea of ihia mortg~ge- -
4. To permit, comtnit or sufter ~+o ~va~te, impairment or deteriontww ot uid property or aay part thereof.
S. To p~y aU and singular the costs, clur~ snd ezpeaaen, inchidina reaaonabk lawyer's teea aatf cwt of -
ebatr~cts of title, incurred or paid at• any time by eaid Mortgagee becauae end~or in tl:e event ot the ta~ure on the
patt o[ the aaid Mortgagor to duly, promptly .nd fuUy psrtorm, discharge. e:e~cute. eHect. oompkts, oompty with
and abide by e~ch ~nd every the etipul~tions, agreemeots, rnaditions snd covcnants of eaid promi~sory note, and
tAis nwrtgage, any or either, and eaid coata, chRrges aad e:pen~es, esch and rvery. ~haU be immediately due ~?d
p~yebk, whether or not there be notice, demand, attempt to collect or euit pending; and the fuU amount of each
and every euch p~yment ~hall bear intereet from tAe data thereof until pai~! et che ntc of ten per oeatiun per
~nnum; snd sU aaid coata, charges and e:penses ~o incutred or paid, wgether with auch intereat, aha11 be ~scured by
the lien oi t~ie mortgRge.
6. 71ut lal ia the eveat ot any breach of thie mortg~ge or default on the part of tAe Mortgago~, or (b) in tbs
• event any of said aums of money henin referred to bs not promptly and tuUy paid wiihin ten days nezt ~fter t1~e
same ssveraUy becoa~e due ~nd payaWa without demand or not~e, a~ lc? in the event each aad every the stipul~tioas, '
agreemsnts, eonditions and covenanu of said promissory aote u?d this mortg~ge, any or eitha~. ~rs not duly.
promptly and fully psr[ormed. discharqed. e~cuted. effected. oompleted, wmplied with ~nd ~bided by. thea, in either
or any aucb event, t1~e raid aggreg~te sum mentioned in ~aid promissory note then remaining unpsid. with intereet
~ccrued. and all moneya secured Aereby, ahali become due and p~yabk forthwith, or tl?eere~fter, ~t tl~e option of aaed
Mortgagee, ~s tuUy •nd rnmpletely ~s if all of the said euau ot aomey ~vere originally etipul~ted to be p~id on
such day. ~nything in said procnissory note. aod or L~ ibis mortg~ge to the eoatrary• not~rithew~ding, and
tl~ereupon or thereafter ~t t~ ~.y,;.::..~ ai ssit! ~i~*_gage!?. ~itheut notice or dam~nd. suit ~t tawr or in equity.
theretofore, or there~her begun, may be proiscut~d as if all moneya secured hereby !ud nutured prior co its
instiWtion. ~
T. That in t6e event t}ut at the beginning of or at any ~une pending any suit upon this mortgage, or to torecbse
it, or to retorm it, aad/os to enfores payment of any claims here~nder. naid Mortgagee edaU appty to tAe eo~rt
having jnrisdiction thereo[ for the ~ppointment ot a Iteoeiver. nuh conrt sluU fortl~with agpaiat a Reosivar of said
~ ProP~Y aD and ~ingular. fnciuding all and aingu{~r the rente income Profits. iaauea and revenues irom
wfiatever source detived. eaci~ aad every ~••+•~•••rr~r+~i is herabv mott~xed as if
'O ~ r ~
specificaUy eet torth and described in tbe ganting ~nd habendum cLuse~ hPreof, aod euch Reoeiver ahall ha:~e
a11 the bro~d and etfective functane and poxrrs in anywix entruated by • court to s Receiver, and auc6 eppointment
~hall be made by ~uch court ae an sdmitted equity and a matter of aM~o~utc• : i~t~: W said Mortgagee, wd writhout
reference to the adequacy or inadequacy of the value of the propeRy mortga~xl or tb the eol~ency or iasoiveng
of eaid Mortgagor andlor of t6e defendants, and that aucA cents, pmfit~. income. ia~ae and revenuee shd! be applied
by snch Receiver according to the lein snd~or equity of said Mortgegee and the pnctice of wch oourt.
8. it is understood and agreed that thia mortgage is givsn to secure, iw eddition to tbe aote ar obligation
above desaibed ~ny additional bans or future advance~ msde w'sthin tweaty years trom date hereof by ths moctgagee
w said mortgagor~ or any succeasor in title ot ~aid mortgagors of the pro~erty hereby conveyed: provided that the
total unpaid balance of the indebtednesa ~ecured hereby eny one time ehall not e:ceed the mazimum principa! .
amonnc of SEVEN THOUSAND (7,000 00) Do~
(t 1. plue interest thereon •nd •ny di~bureements made by tl~e rnortgegee for the pa}rment of tuee. leviea or insur~noe
on the property eotumbered hereby, with int~est on svch disbursements.
IN WiTNESS WNEREOF, the said Mortgagor hae ezecuted this mortg~ge under eeal on the day and year Aerein
first ebove written
3igned. seakd tnd deliver~ed ir, ~~,.e~.-.~ oi~ ~~~~J! _
ia~~
ISEAL?
~ ISEALI
Ma a. o n n
STATE OF FLORIDA
ss.
COUNTY OF 3T. LUCIE
~i~ ~~,~n~~,.p~ Richard H. Johnosn and Martha J. Johnson, his wife of
Box 227, Miamitown, Ohio 45041 ~
to me weU known and known to ms to be th~ individual5. da~aribed in tnd wbo e:ecuted tbs foregoioa-iastrument„~
and acJcnowMdged bsfore me that t..heyy.. enecuted the wme fa~ tbs ptupc~ tbarein ezpreiasd. _ i,
WITNE33 ~y t,.Aa .oa orr~.~ ~ cw. lOth ~r Qt Jan ary
0 "
BJCK~~~ PAG~ .
~ Notary Public in and t
c~ Countx ~nd 3ta •/~hresiid' ; : -
Guther~ ne M. Cantat~~ . .
My oommi~aion expirss:
~ Sept. 26, I980
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