HomeMy WebLinkAbout0123 ` sT, ~uCiE ~~ENTV fiA.
OCER'O~TRAS
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dull havs the option to receive and ~pply the ~ame on ~ccouet oi the indebtednese secured hereby or to permit
said Mo~tg~g~ W receive ~nd uss it or any part thereo( tar othe~ purposes without thereby waiving or imp~iring -
~ny equity, liea or rigAt under or by virtue of this mortqage: ~ad in the event aaid Mortg~gor shall for any re~~on
fail to kesp ths said premises ao insured, a fail to deliver promptly ~ny ot aaid policiss ot inwn~os to Mid
Mortgage~, or t~il promptly w pey IuUy eny premium there(or, or in any respsct t~il to peclorm, dischargs,
~cute, eftect, compkte, comply ~vith and abide by thu covenant, or s~y psri ~ereot, said Mortgagee m~y plaee and ,
p~y tor ~uch in~unnce or any part thereot without wai~iag or attertinR eny optan. 6en, equity o~ right under or by
virtue of thi~ mortgage, •nd the fuU amount ot e~ch aad every auch psyment ~Mll be immediately due ~nd p~yable
and alull be~r interest from t}~e date tAereof uatU paid at the rate ot ten per centum per annum and together with
sach interest sh~U be eecnred by the lien of this mortg~gs.
To permit, commit or sufter no aaste, impsirment or deterior~tioa of aa~d property or ~ny part tAereot.
S. To pay ~U and ~ingular the coste, charRee ~nd e:pen~es, including rea~anebk lawyer's tees and coet ot
•bstraets ot titk, incurred or paid ~t• any time by e~id Mortgagee becau~e andlor in the eveat of tbe tailure on the ~
part ot the eaid Mortg~gor to duly, prom~tiy ~nd tuUy p~rform, diechuge. e:e~cute, eHeet, oompiate, oo~nply writh
and-~bide by ea~h and every the etipulations, agreements, conditions u~d covenante ot aid pmmissory note, and
this mortqage, any o~ either, at~d eaid coats, charqee aad e:penses, e~ch and rvery, ahatl De immediatety due ~nd
pay~bk, wAether or not there be rtotice, demand. ~ttempt to ooUect or suit pending; and tAe full amount ot each
and every sucA payment ehatl bear interest from the date thereot until paid et the rate of ten per oentum per
anaum: and aU said coeta, chargse and e:penses so incurred or paid, togetRer with ~uch intereat, ehaU be eecured by
the lien ot this mortgags:
~ 6. That Ia1 ia tAe evsnt of aar breacA of tAia mortg~gs or default on the part of the Mortgigor, or Ib~ in the
• eve~t any of said sums ot mo~y Aerein rsterred w bs aot promptly and tulty paid withia ten daya na:t aftat the
same ssve~ally becoms due and p~yabla witlwat demaad or notice, or Icl in t~e eveat eaeh and every the ~Eipul~tions.
agreemencs. canditions and covewnts ot s~id promissory note and this mortgage. any or either. ars not duty.
promptty and talty psrformed. dischsrged. ~ecuted, etfected, compkted, complied with and ebided by, then, ie atber
~ any sucA event, the said ~ggregate sum memtioned in eaid promissory nooe then remaining unp~id. with interest
~cerued. ~nd aU moneya secured hereby, ahall becoree due and peyable forcAwith, or thereatter, ~t tl~e option of said
Mortgagee, sa (nUy and oompktely aa if all ot the said sums ot nomey were origin~lly etipulated W be paid on
sucb day. anythiog in said promissory nots. and or ia t,hia a~ortgage to the contrary not~rithetanding, ~nd
thereupon or there~fter at the option ot eaid Mortgagee, witAout nociee or damand, suit at law or in equity,
theretotore. or thereafter begun. may be pro~ecuted ae it ~Il moneya secured 6ereby h~d matured prior to its
inetitutan.
7_ 71ut in the eveat that at the beginning of or ~t eny time pending any suit upon this mortg~ge, or to torecbse
it, or to roform it, and/or to enforce peyment of aey clai~ns hereunder, eaid Mortgages eAaU apply w the'caurt
tuving jurisdict'an thereot for the appointment ot a Recsiver, sucb court ehall forthwits appoint ~ Reosiver d said
mortgaged propertq all ~nd ~ingular, including aU snd eingular the rente income profiq, ieaues ~nd reven~es from
whatever eource derivad, esch snd every of whicfi. it being ezprersty underetood ie 2?ereby mortgaged as ii
specifiuUy set forth and described in the Rranting and habendum clawe~ hereof, and ~uch Receiver shall have
all the bropd ~nd effettive functiona and powers in anywix entrusted~by • court to a Receiver, end nuch ~ppointment
ahall be msde by auch court as an edmitted equity snd a matter ot eb~olute :igt~t to said Mortgagee, and witAout
rrference to the adeqwcy or inadeqwc~ of the v~lue ot the property mortgaRed or to the eolvency or ineolvency
of ~aid Mortg~gor ~nd/or of the defendants, and thst such rcnta. profite, inoome, ieauea and revenues shall be applied
by such ~teceiver ~coording to the lein and or equity of eaid Mortgagee and the practice of sncA oo~rt.
8. It is unde~sLood aad agreed that thie mortgage i~ givea W securo, in edditan w t6e note ar ob4gation
above described anq additioaal lo~n~ or future advances made within twenty yesrs [rom date hereot by tM mortgageie
to said mortgagors or aey ancceseor in titfe ot ~aid mortgagors of the property Aereby conveyed: provided that the
total unpaid balance of the inde?~tedc~eas xrured hereby ai any one time shall not e:ceed 'the ma:imum principal
amoancot SIX TNOUSAND ONE HUNDRED TWO (6,102.00)
li 1, ph~s inte~est thereon and sny disbureemente made by the mortgage,e for the p~yment of ta:ea. bvies or inaunnce
on the property encumbered hereby, with int,ereet on suc6 diabarsements. ~
IN WITNESS WHEREOF. the said Mortgagor hae e:ecuted this mortgege under ~esl on the day end year herein
fir~t above written.
Sigoed. ~e~led and delivered in the pre~ence ot:
M'' ~ p " ~`~'C~ ISEALI
a ~ [/k~ G - ~~1~ ~~~~~ISEAL?
~ Esther E. DeWald
STATE OF FLORIDA
as.
OOUNTY OF 3T. LUCIE _
Omar E. DeWald and Esther E. DeWald, his wife of
Before me personaUY ~PP~+~d
12845 SW 82nd Place, Mimai, FL. 33156
to me wsU known ~nd known co ms co bs tbs individua6. desaibed ia and wbo ~ecuted ths foreg~oing ~ufrumra
ud atknowledged befors me that ..fbs.:~/ e:ecvted t6e same tor the purposes therein e~sed.
wi~ss ~y ~a .na otr~w ~ ce;, 20th ~y ot F r ary~ ~
.
' tr/
~ otary Pnblic tn" and !gr ,
tM Couaty end 9ta?w A1bi~id -
Q~ Catherine M. .CanLar$~
6~ K~uV pA; E~,~ My oommts.bn eipfr~
Sept. 26, 1980 _
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