HomeMy WebLinkAbout0482 F LEO ANO RECpKUEO
=~.lUC1E COUMTY ft~
ROCER POITAI?S
ClfRK CIRCUIT CCUR1
^ ~ • v: r.~~iED
FEB 2~ 8 33 ~'Z~
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sl~all have the optbo w receive ~nd epply the +ame on ~coount of tbe indebtrdness secured he~y a~ to permit
said Mortg~gcrr to receive and use it or any part thereot tor otl~er purposes witAout tDere~y waivioa ar i~npaicing
aay equity. lieo ot right under or by virtue of thia r?wrt~~ts: ~nd ia the eveec said Mcutgagor slull to~ aay rea~oa
tal! to keep lhe said premisee eo in~ured. or t~il to deliver pcornptly ~ny ot ~aid policiss o( ianu~nee to ~tid
1Mortaage~, or tail promptly to pay tully ~ny premium theret~, or in eny re~psct t~il to psrforaa. discl~rgs.
e=cute. eitect, compkte, comply with snd ab~de by this covenant, or sn~• p~K h~reof, e~id MoK~e m~y plaoe wd
p~y tor sucA in~urance or any pa~t the~t w~itlwut w~i~•ing or ettect~nR eny option, lien, equity or rigAt under or by
virtue ot t!?is mortgage, and tbe tuU amount ot e~ch aad every auch payment ehe4 be immediatsly due ~nd p~y~ble
and ehall be~r intersst from tAe d~ta thereot unW paid •t ~Ae nte ot t~ per ce~ntum per annum and tog~etAer witA
sueh interest ~hall be secured by the lien o[ this moRgage.
4. To perrait. eommit or autter no we~te, impairment or deceriontioa ot said property or ~ny part thereot.
S. To pay ~ll tod siogul~r the costa, charges end e:pen~ea, includiryS rc~ason~ble~ l~wyer's tees and coat of
~betncts ot titk, incurred or paid at• any time by said Mortgagee because and~or in tlx~ event ot the t~ilure a~ tM
part ot ths said Mortg~gor to duly, promptly and fuUy perform, dixharge~. eiecute. eNeet, eomplste. comply with
and ~bide by e~ch and every the atipulations. agieements, oondit'ane ~cd covenant~ ot said~ pmml~sorr note. snd
thi~ mortg~ge, ~ny or either, and said coste, chugea ~ed ezpen~es. wch and every, ehaU be immsdiately due u?d
p~yable, whethet or not there be notioe, demand, sttempt to collect or suit pending: and the tull amoant oi e~ch
and rvery aueh payment s~aU be~r int.ereet from the d~te thereoi until pai~1 at the nte ot ten per centum per
annum: and aU said costs, charges and e:pensss ~o incue'red o~ paid. togKher .ritl~ such intereet. a~all Ds secured by
the lien oi thia mortgage•
6. That lal in the event ot any breaeh ot this mortgage or def~ult on the part ot the Mortgigor. or Ib1 in the
• event any of eaid sums oi moaey herein reterred to be noe promptly ~nd tulty paid witAin ten days nsrt ~ftar the
sams severaUy become due ~nd p~y~ble, witboat demaad or aotice. or icl in tbe event each and every tbe ~tipulatioas.
~gr~eemeati. eonditions ~ad coveaaats ot e~id promiasory aote and t!w moetg~ge. sny or esthar. ~rs not duly.
promptly and fully per[ormed. discharged. e:ecuted. effected. completed. complied with and abided bq. then. in either
or ~ny suc6 event, the aaid aggregate sum mentioned in said promiasory not,e tAen remaining unpaid, witl~ interest
accrued, and all monsys secured hereby, shell become due u?d p~yabk fortl+with, or tAereafter, ~t the option d said
Mortgagee, ae tully ~nd completely as it aU of tha said sums of oomey were criginally atipulated to be paid on
such day. anything in said promissorY note. ~nd or m thie awKgage to th.e contrary notwithstanding. and
thereupoo or ther~fter ~t the option of said Matgagee. without eotice cx dam~nd, auit at law or in eqaity.
theretofore. or th~e~her begun. may be prosecuted as i! e]1 monsya escured Mreby ~ad mat~ued prior w its
iastiWYan.
7. That in the event that at the beginaing of or ~t any time pending any suic upon this mortgage, or to forecbse
it. or to reform it. and/or to eatorce payment ot sey claim~ 6~eunder. ~aid !Nartg~ges ehall ~pplq to the court
haviog juriedictioa thereof for tAe appointment ot • Receiver. 6uch court ahall torthwith appoint • Receiwr o~ nid
moTtgaged property all and aingular, iacluding all and eingulu ttu r~te incomc pro6ts, iasuea and revenaea irom
whatever source derived, e~ch and every ot wAich, it baing ezpressly u~derscood i~ Aereby mottgaged as if
spetifically eet forth and described in the grsnting and h~bendum claux~ hereof, and ~uch Receivet s6a11 Aave
~ all the broad and effective fvnctione snd powers in any~vise entrusted by a court to e Receiver. and ~uch appoiutment
~ ~hall be made by such court as an admitted equity and e matter ot ~Molute ziRt.t w~aid Mottgsgee, and without
~ refetence to the adequ~cy or inadequacy ef the value ot the pmperty mortgaRed or to the solver?cy or insolvrncy
; of aaid Mortgegw andlor of t6e detendants, and that such renta. profits. iRCOme, iseuee and revenues shaD be applied
~ by wch Receiver according to the lein and~or equity of said Mortgagee+ and the practice of such court.
s
~ 8. It ie undsrstood aad agreed that thie mortgage is givso to ~ecuro, in addition to the note or bbligation
; ~bove described any additioaal ioans or tuture edv~nces mads within tweaty ye~rs from date hereof by tbs mortgagee
~ to said mortgago~s or any euccessor ia titk of ~aid mortgaRors of t6e property hereby eonveyed: pmvided th~t tbe
total unpaid b~lance of the indeblednese secured hereby any one time ehall not e:ceed the ma:imum principal
~ .mount of SEVEN THOUSAND ONE HU~tqRED ~I6HTY TWO (7,182.00) °o°°i°
~ If 1. ptas interest thereon and ~ny diabureements made y t6e mortgeqee for tbe p~ymeat ot tuee. levise or ins~uance
P~~Y ~~m~~ b~y. ~~st on euch diebaroementa.
~ IN WITNESS WHEREOF, the aaed Mortgagor has e:ecuted this mortg~ge under ee~l on the day and year herein
~ fu~t above written.
~ Sig ~sale d deliv in p
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S ISEAL?
~ ~ • er u
~ ,~,t- •
~ ~ " ^ ISEAL?
, Lula Jane Puleo
_ 1'E OF FLORIDA ~
COUNTY OF 3T. LUCIE ~
~t~ ~ ar~.vr ~p~a A1 bert~! Pul eo and Lul a Jane Pul eo, hi s wi fe of 495
;
x Kingston Rd., Satellite Beach, FL. 32937
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to ms wsll k~nown aad Imown to ms to bs the indjviduaLS deseibed in and wbo ueeuted tbs to~oina iaetrumen
~ ard acknowlsdgs! bsforo me tLat ~.6e)l. e=ecuted the same [or the p~posea thereia s ~
w~TNESS my n.na .na orrxi.~ ,e.~ cb;, 12th ot Ja y ~
~ ~C. '
Notarp Poblic in and tor 'v
~ 5`~ Rr ~v~ PACE ths Co~mty .nd sc.ce a.
~ ~ 1 ~ Catheri ne M. Canta~;b, ~ :
~y~ . ~
M aommiuion ~ ~~r3 w`
Y ~P~' >.'••.....•~i'Y
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Sept. 26, I980 - '
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