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Home My WebLink About0490 / l 0 AM QNECpA!?Eu i~.l QIE COUNTY ftA IIOCE R POITRAS C~.~RIC C~RLUIT COUR~ , . F~~ io a 34 aN ~z8 ~~~o sl~all have the option to ceceivs and ~pply the ~ame on eccount of the iadebtedness secured heroby or to permit said Mortgag~ to rsuive ar~d uee it or any part thereof for other purp~ossr without tMreby waivit~g or impairing . ~ny puity, liea or right undsr or by vixtue oi thie mort~age: and in the ev~t uid Mnrtg~gor shaU tor ~ny reawn f~il W iceep the said premisee ao insured, or t~il to delive~ P~P~~Y •ny of ~aid policies ot inwranca to said Mortgagea, or tail promptly to p~y tuUy my premium the~efor, or in any reepect tail to pertorm, dlscharge, e:tute, ellett, complete, comply writh and ~bide by thi~ covenant, or eny pert hereo(, aaid Mort~agee m~y place and pay (or auch inaurence or any part thernof xithout weiving or ~ifiectiaR any option, Lien, equity or rigAt under ar by ~ virtue of tRis mortgage, ~nd tbe tuU amount ot each end evsry euch p~yrnent shaU be ima~edi~tety due arKt p~yabk tad sAall bear interest frow the date thereof u~til p~id at the ratt of ten per eentum per annum snd together aith suth intereat ~hall be secured by the lien of this !nortg~gs. 4. To permit, commit or suffer no wraate, impairment or deteriontioa o( eaid property or aay part thereoL 5. To pay sll aad ~ingular the eoste, ch~rges snd e;pen~a, inctuding reaaonsble lawyer'~ tees and coet of abatntts of title, iacurred or paid ~t• any time by uid Mortgagse becaux end/or in the evant ot the taiture on the part o! the aaid Mortgagor to duty, pr+nmptiy and tully pertorm. dixFurga. e:rcute. eHect, eompkte, ooroply witb and abide by e~cb •nd every the stipul~tions, agreements, oonditions snd covenants of said promissory note, and thia enortgage, any or either, and eaid coats, cherges aad e:penses, e~ch and every, shall be immediatdy due and p~ysbk, whetAer or not thare be notic~, demand, ~ttampt to rnllect or suit peading: ~nd tAe tull atoount oi e~ch ~nd every ~uch paymeni sAaU bc~ar entereet trom the date thsreof until pairf ~t the nte of ten per ce~tum per annum: and ~U said costs, c6argrs and e:penses eo incvrrsd or p~id, together with anch interest, ehall be eeeured by the lien of thie mortgaga. 6. 11ut (al in tAe event ot any breaeh of this mortgsgs or dsf~ult a? tbe part o[ tAe Mortg~gor, or Ibl Ia the • event ~ny ot eaid sums of money b~ein referred w be not promptly and ty11y paid ~rithin tas~ days nert att~ tbs same sevenlly beeome due and payabk, without demand or iwtice, or Ic? in the event each and every the itiputatious, agreementa. conditioas ~nd covsaants ot ~aid PromissorY oote aad this moetgage. any or eitAae. arr oot duly. promPUY aad fi~Uy pertormed. diiebarged. ~ecuted. eftected, oompleted, oomplied «ith and ~bided by. tl~ea. in ~ther or any soch event, the said aggreg~te sum mentioaed in said promisaory note thet~ remaining unpaid, witb intereat ~ccrued, and all moneya secured hsreby, slull bscome due aad p~yable for:hwith, or there~fter. ~t the optian of said Mortgagee, as fuliy aad completely aa if dl of tha said suma of noeney were originally scipuLted to be p~id un surh dsy, enything in said promisso~y twte. tnd or in this mortg~ge to tEse wntrary notwichet~nding, and tAereupon or th~re~it.er at the option of e~id Mortgagee. without notice or damand. suit ~t law or in equity. theretofore. or thereafter begun. may be prwecated ~s if all money~ secured hersby had n~tured prior to ite inetitvtion. T. 11ut in the event tlut at the beginning of or at eny time pending eny suit u n this mort a it. or to reform it. •nd/or w enfora P° B 8'e. a~ faeclose p~yanent ot eny c4im~ heteunder, said Martgages aluU apply to the oourt _ having juriediction Lhereot for the appointmemt of a Receiver, auch court shsll torthwitl~ appoint a Receiver ot said ~8~6~ P~Y aU and aingulu. including all and aing~lu the rente income profits. isauea and revenues from whatever souroe derived, e~ch and everr• of whicA, it being ezpre~sty underacood ie hereby mortg~ged as it ~peci~catlY xt ~ortA and describea in t6e graaLing and }ubendum cLusea hpreof, and auch Beceiver shall have all the broad and effective. fuactana and power~ in anywriee entrusted by • court to a Receiver, and auch tppointment ~haU be made by euch court ~s an admitted equity and e tnatter ot ~b~olutc right W eaid Mortgagee, .~nd without reference W the adeqwcy or inadeqwc~ of the value of the property mortgaRed or to the eolvency or ineotvency ot s~id Mortgagor aad/or of the defendant~, and that ~uch renta, profita. income, issues and revenuee ehall be applied by euch Receiver ~ccording to the {ein endlor equity of eaid Matgagee and the prectice ot such oourt_ B. it ie undentood and agreed that this mortgag~s u giv~ Lo secure. in additioa to LAe note or ob~ation above desen'bed aay ~dditiood ioaa~ or future ~dv~nees made wit6in twentY Y~ irom date hereof by tM moctgagee _ to said mortg~gors or any suecessor in titls ot wd awrtgagors ot ths p~operty h~reby coeveyed: provided that the total unp~id balance of the indebtecines~ secured hereby ai any one time shal! not e:ceed the maiimum principel amount ot SEVEN THOUSAND NINE HUNDRED (7,90Q.00) ~rs li 1, ptue intaest tl+ereon and any diebursemente m~de by the mortgagee for the payment of tuee, levies or ineurance on the pmperty encumbered hereby, with interest on euch diabursemente. IN WI7'NESS WHEREOF, the said Mortgagor hae e:ecuted thie rnortgage under ee~l on the day and year hentin fuat above written. 3i6ned. ~eded and delivered in the preeence ot: ai„ ISEALI ISEAL) osep ne H. Morrow STATE OF FLOAIDA sa. COUN1'Y OF 3T. LUC1E Befor+e me per~onally ~ppeared Richard J, Morrow and Josephine H. Morrow, his wife of 200 Deiand Ave., Indialantic, FL. 32903 co ms ~.su ~nown and lmon„ to ms w bs tbs inai.~du,LS. desQibed fi.nd ..bo eiecuced che rore~nma • _ and acknowlsdged betore me t6~t ..~?s..J/e:ecuted t6e sam~ (ar th~ po~posN thw+eia szprs~~sd. ;~c l~. . wt'iRYESS my n.oa .aa orf~J .e,~ cb;a 28th d,y o f De er f9 ~ _ . - i...~•. ° R 282 pac~ ~~z ' ~ `c~''- F BQOK oc.q, Publie tn an ;1~ . Cbs CounL tnd 3tate • Catheri~ne M. Ca~~~~`'• Mr oommiiaion e:picer. Sept. 26, 1980 _ - _ ?r,~ ~ - ~ - ~ _ _ . . x-.