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HomeMy WebLinkAbout0104 i~ ~ueiE co~w~Y fii. pOCER POITRAs ~P[ ~'RCWT COU~ :cc,r r~ MA~ l 9 s~ AM'18 395851 shall have ths optbo w~eeeiw and .~pply ths ~ams oo ~ceaunt of the iadsbt~edn~a Mcund MrsDy or to permit s~id Mortgasor to receive and use it o~ any part thsreot for otl~ purposs~ without thersby waivina ar iiapairin~ u~y equity.,lisn or rigfit unde~ a by vircne ot chts mo~cs.e.; .nd in chs evanc .~d Morcg.~ shall tor .nr ~e..oa fail to k~sp tbs eald premi~ eo iasorsd. or fail W deliwr pcompthr aay ot wd pdki~ ot iawuana W raid Mort~6e~, or tail PromPUY ~ Mr any premium tl~e[or. cr ia ~ny re~p~et t~il to Parta~na, di~cAar~. ~euta, aHeet, complste, eomply ~rith e~d ~bide by this ooven~at, or any put hereot. ~aid Mortgags~ mq plaa and paY to~ sucb in~unnce or any p~rt thereof witlwut waivinj a~ ~HectiaR any option. Ikn, equity or ri~At uader ar by virtue ot thia mortg~g~, and t~s tuU smount ot e.ch .nd ev.ry .ueh pa~c ~h.U Ds immedLCely dw .nd parabls u~d sh~U beu intere~t from t6e date tM~eot unt~ paid ~t tbs nb of taa per osotum p~ annum aod tAg~tMr witR such intarert shall bs sscvnd by the liea ot t!~ mo:taa~. To penait. commit or suffer no waste, imp~irn~at or detwioratioR of said property or any part thereot. 5. To p~y all aad singulu the costs. d~arge~ and ~spens». ineloding ro~sonabls lawyer's tes~ and aost ot abstnct~ ot titk, iacurrsd or p~id at~ aay tims by said Mort6a~s becauss a~lor. in tAs event ot tbs taih~rs oa tl~s p~rt of the ~aid Mortgagor to dutp. P~P~ ~~7 P~ ~~6~ ~ecvts. eHeet, oompMf~, oomplp with and ~bide by e~eh ~nd every ths ~tipul~tions. aan~msnta, eonditbn~ u~d omrenaats ot wd promiaory note. and this mortg~ge. any or eitl~er. and said coat~. char~ and ~spsnsss, e~d~ and evefy. shall bs imta~di~tely due aad p~yabk, whether or ewt tAare be ootioe, demaad, att~mpt to collect or suit pending; and tbs iull amount ot e~c6 and every such p~yeasnt ihaU bear int~erast. from tbe dace thereot unt7 pai~i ~t the rate of ten per asnWm per annum: and aU said costa. chargs~ and ~p~o~ so ineurred ot paid, toeether with such intere~t. s6a11 bs sscured by the lien of this taortga~s. 6. That (a) in the evsnt ot anr bn~cb ot tsi~ mort~~ cr d~tault on ths part of t~s .Murt~iaot, cr (b) in t6a • eveat any ot s~id sums of moosy hereia cstirred to b~ not P~'~P~ P~ wit~n un d~~» ns~tt alter tbs ~ sams ssverally beooms dw uid payabb, witboat demaod or notice. or Icl in ths svant e~ca and ~wq? tbs ~tipulatbns, agreeawnta, eonditboa and oowo~aq ot ~aid ~omiaorp oob u~ tN~ a~oetaa~, any or ~itMr. ar~ not d~?. Pro~PUY ~11Y Per[a'msd. di~r6'~d. ~~euc~d. efteeted. oomPMt~d. oomPlied with and ~bidsd by. tbeo. in eitber or any suc6 eveot. ths wid aggregate wm msstioned in wid promi~~ary note tha~n retnainin~ uapaid, wit6 iateeest «crued. u~d all awneys ~eeurod hersby. shall become due and p~pabls torthwitA. or thereafter. ~t tM opcbn d s~id ~ Mortgagee. as tuUy and oompktely u U dl of chs ~aid ~um~ ot uon~sy were ori~inall~ ~tipulated to be p~id on sucl~ day. anytAiog in nid promiMar not~. and or ia t6i~ moet~a~ to t6e ooatrary notw(tlutaodit~ and tl~raupcm ar thera~har at t6s optba ot wid Mat~a~, witbont notioe er damand, snit at law o~ in quitr. cl~ecofore. or cl,en.icer be~un, may be prwauc.d u if .U mo~r• s~eur~d b.nby bad maturd p~ior co ia instiwtion. 4. That in tM eveat th~t ~t tbe bs~nnin~ of or at anr tims p~odinj ~ny suit upon tLis mortgags, or to foreclo~s it, or to ntorm i~ ~ndlor co enforos p~ymeat of any eW~ Mrenndr. e~id Matgage~ ~hall apply to tM ooaet t?aving l~ui~dictio~? thersot for ths appointment ot • Ii~e~iw~. au6 owrt ~AaD tathwith ~ppoint a R~o~iv~r d raid ~6~B~ P~~ty all and singul~r. including ~11 and ~in~ul~r t!r nnt~ income pro6ti. i~~ ~nd rev~auN trom whatever ~ouree d~cived. Me6 and every ot whieh. it b~in~ ~zptwtp understood is hereby mortg~~ed u if i epecit~caUy set forth ~nd de~cn'bed in tbe grantina and ~~ndum dau~ss hereof. aad mch ~i~o~iwr a6a11 h~ve i aU the brwd and eHective tnnetions and power~ in aaywi~s entrusted b~ a caut to a lieeeiver. and wch appointmeat E ~aU be m~de by wch eourt u aa ~dmitted equity and a matter ot abeolute right to s~id Mortg~gse, and witlaut ~ reference to the ~deqwcy or inadequacy of ihe value ot tbs peoperty mortgy~ed or to the wlvency or in~olve~ey ~ ot said Mortg~gur and/or of the d'efendants, and tlut sneh reou, profits, inoome, iasue~ and ebvenee~ ~6all bs ap~ied ~ by such Receiver ~coording to the isin and/or equity of s~id Matgsgiee arid the practiee of such oonrt. f ~ 8. It is undKStood and aar~sed that tbL noort~a~ ia aiw~ to ~.vrs. in ~ddition to t6e oote or oWitation ! above de~crib~d ~nr addjtioa~l {o~a~ or ihWr~s ~dvanas m~d~ witbin twe~ty yean irom date heeeot by th~ mortpges to sdd mataaaon a~ any woos~~x in titls ot qW moet~aon oi t6s P~oPeety be~~SbY eoaveYed: Providsd tlrt the total unpaid b~lance of the indebtednsss seeured hereby ~t any ons tims sha11 not ~eeed the muim~un pa~Intipal amoant ot FIVE THOUSAND NINE NUNDRED TMIENTY TWO (5,922.00) li 1. plus iacere.c chereoo .nd wy disbur.ea,encs m.de br c6e ma~ag~ea tor c6e p.ymsnc ot cuss. lsvies or inwvance on the PropertY encumbered hersby. wit6 interest on ~ncb diibunsmsnts. IN WITNE33 WHEREOF, the said Mortgagor !us e:eeuted thii mortgage uader seal on the day aad ye~r Mroin first ~bove writtea. ~ Signed, se~led and delivered in ths presence of: p v ~ 13EAI.1 ~ ry , r s F . ISEAL? Isabel Edwards ' STATE OF FLORIDA • ~ ~ COUNTY OF 3T. LUCIE ~ ~ ~i~ ~~~~~p~ Henry Edwards and Isabel Edwards, his wife of 235 Andros Dr. ' Merritt Island, FL. 32952 ~ , s ~ to me w~U known ~nd imawn w m~ to bs t6r ~ndfvidwLS dMaribd fn aad wbo ~s~eat~d t!a ta+~oioa i~tm~ett k .nd ackno..kd~ed b.tor~s ms chac .~e..Y e~ced ehs wms tor ciM p~Qpo... ce~dn ~ ~ ~ wt1'NESS my l~.na .aa orti~i.l •..d chi. 30 t h J a n u ~ 1! . / _ ~ ~ ~ NoNry Publie fn ~nd ~ar . ~ ~ R~Q' ~ conncr .aa sc.~. ero~,..~ ' 8~f1~ oJ PAw ~ther n M~tara ~ ~ ~ ~ Sept. 26, 1980 ~ ~ - - - - - . . ~ . . ; ~ s~~