HomeMy WebLinkAbout0096 ~~~i~C+E ~OUNTY f~~
• ROQER POITRAS
C! ERK CI~tCU~i Cp T
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M~ l 9 s~ AM'78
395846
shall have the option to nceive ~nd ~pply the aame on aa~ount oi tbe indsbtednrs ~scurod hsroby or to permit
said Mo~tsago~ w receive ~nd use it w~ny put thereof tor othar purpow~ without thenby waivina ar imp~iring
any equity, tien o~ right under or by virtue oi this mortsags: and in t!k event said Mortg~aor ~hall tor ~ny reuon
fail to keep the said premises so insured, or t~i) w detiver proenpttr any oi aid poiicie~ ot inwnnos to sajd
Mortaagea o~ tail promptly to p~y fuUy a~y preiniun? tl~eceto~. or iA ~ay re~peet faD to partarm, diiclyrge,
~cute, effect, complete, eomply with and ~bide by this covenant, or sny part hereof, said Mort~ages taay plaos acd
p~y tor auch insurance or ~ny p~rt thereot wilhaut waiviug or aHecting any option, lisn, equity or rii~bt uader or by
virtue of this mortgage, and tbe tuU aioount ot s~ch and evsry sucA p~yment ~h~U be ima~dlately due and p~yable
and shaU bear interoet (rom the dats tbateot until paid ~t tlis nte o! ten per ceatum p~ innum and to~stl~er ~vith
auch interesc shaU be sscared by tLe 4en oi this mortgags.
1. To permit, cominit or sufter no wa+te, impairment or deteriontioa ot said propsrty or aay part thereot.
S. To pay aU and singulu the costs, charges ~nd e:peass~, ineh~ding reasonabk lawyar's fess and oost ot
ab~tracts ot title, incurred or paid •a anr cime by sud Mortgagee because andlor in the eveot of the tailure on the
part of the said Mortg~gor to duly. promptly ~nd (ully periocm, di~chuge. e:ecute. eHect. oomplst~, comply with
and abide by e~ch and every ths stipul~tion~, ~greemeot~, eonditioas ud rnvenanta ot uid promi~sory rwte, and
this mortgage. ~ny or either. ~nd eaid coate. charge~ ~ad s:pense~. e~ch u~d every, shall be immsdi~tely due and
psy~bk, whether or not there be notice, demand. ~ttempt to rnUect or suit pendinR; ~nd the tuU amount of ~ch
end every such. p~yment aAsO bear interest trom ths date thereot uniil peiA at the rate ot ten per eentum per •
annum: and all seid coats. cherge~ and e:penxs so incurred or paid. together with auch intsrest, ah~U be secured by
the 6tn of this mortgage.
6. Th~t 1~1 in tAe event ot any bre~ch ot tAis mortg~gs or def~ult on the p~rt oi the Mortaagor, or Ibl in thi
- event any of s~id sums ot moaey herein referred to be not promptly and tuUy p~id aithin ten d~ys nert ~her tAe
ssme severaUy become due and payabb, witlwnt demand or notice, or Ic1 in the event eac6 and svery ths stipul~tior4+.
agreements, eonditione ~nd covenaats ot said promissory note a~ this matgage, any or eithe~, are not duly,
promptly and fuUy pertormed. dieeharged. e:ecuud. ettected. compkted. conipiied with and ~bid~d by. tMm, in eitber
or any such event, tbe said aggregate sum mentioned in ~aid promis~ory note then remainin~ unpaid, with inteee~t
sccrued, and aU moneye eecured hereby. +hall becoree due and payabk fo~thw~ith, or there~fter, at the option ot eaid
Mortgagee. ~a fuUy end compktely if all ot the eaid sume ot aomey were on~indly stipulated to bs p~id on
such dey, anything in said promissory note, aad or in tlu~ mort~~ to the eoatnry notRithetanding and
thereupon or thereafter at the option ot said Mortg~gee, without eotice or damand, suit ~t la~r oc in equity,
theretotore, or there~her begun, may be prosecuted as if all moneye ~cured 6e~eby had m~turod prior w its
institution. -
7. That in tAe event that at the bq~inning of or at any time p~ndina ~ny ~uit upon this mortg~ge. or to foredox
'i it. or to ro[orm it. aod/or to enforce p~ytnent of any claims hereundrr. ~id MortRagw shdl ~ppiy to ti~s coun
i havins jurisdiction th~reof tor the appointment of • Receiver. such court ~hall Iathwits appoint • R~ceiwr ot said
mortR'a~ed P~c~rtY ~U and singulu. including dl ~nd ~ingular the renb income profita. isruti and revenues hom
i what~ver eouroe d~rived, e~ch and every of whicA, it bsins e:presdy underawod is hersby mortpaed as it
' specificaliy set torth and described it~ the granting ~nd lubendum cLueea h.~reof, and such Reoeive~ shall l~ave
~ ~11 the brwd ~nd eftective tunctions ae~d po«ers in anywix eatrueted by a court to • Receiver, and euch appointment
' ahall be made by such eourt as an ~dmitted equity ~nd • matter of ab~otute right to said Mortgagee, and without
i refueece to the adequaey or inadeqwcy of the value ot the proprrty mortgaged or to the wlvency or insolvency
: ot ~aid Mortgagor andlor ot the defendan~+, and that such rents, profits, income, issues and revenuee ~hall be applied
! by such Receiver ~ceording to the lein u~dJor equity ot _ said Mo~tgagee and the pnctice of suc6 oaut.
f .
~ 8. It ie undentood ~nd ~greed th~t this mortgage is given to ~sciu~e, in addition to t6s note or obligation
~ above deecribed any ~dditiond loans or tuwre ~dvances asade within twenty ye~rs trom date hereof by tbe moctgagee
to eaid mortgasors or any successor in title ot said mortgaaor~ ot t6e pra~perty 1~ersby conveyed: pmvided th~t the
~ total unp~id bdance ot the indebtednea~ secured fieroby ~L ~ny one time shall not e:ceed the mazimum principal
~
~ 1= 1. plus iaterssFtberEeonNa~ed :AN a~~~H~UN~DaE byE~GHT~~WO f~ cn~ P.~
~ o'~3tu~~k, or 'insunnoe
~ on the property eneumbered hersby. with intee~est on such disburiements.
~ IN WITNE3S WHEREOF, the said Mortgagor h~s e:ecuted this mortgage under ssa! on the day and year h~ein
4 .
~ fir~t above written.
x
~ Signsd, ie~led and delivered in the presence ot:
~ ~ ~,iw~ ~i~
~ ISEALI
~ Ggsne ~tuart S~qdders~
la 1~ _ +S (3EAL1
sr~~ oF FwRtn~ Sandra Dawn Sanders
' COUNTY OF 3T. LUCIE
~
e~rbn ~~on,~„~a Gene Stuart Sanders and Sandra Dawn Sanders, his wife of
} 6321 4th St., S.W., Margate, FL. 33068
~ w ms w~U known and lmo~wn to m~ to bs tbs indivfdualS ds~cribad in aod who e:KUted t6e toeegoina ' .
~nd acknowbd~d bsfore ms tbat ~.bs,)!. esecnted t6~ ~ams tot the pwporw`thaein s:pre~~sd. ~
` , ~
: wrrrr~s~ my b.na .oa orr~d.~ .e.i cbi. 30th ~r ot Januar ~ y,Y,
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Not~ry Pnblie in ao . .
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{y ~ ~ R PAGE ~ ct~.e co~cy sc.c.. _~w~d: ~ ~ ~ .
BOOK . Catheri ne M. Ca~tara -
- My oummi~ ~ -
~ ~ Sept. 26, 1980
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