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~haU Iuvs the optan to teceive ~nd ~pply the same on sccount ot the indebtedneas secured Aereby or to permit
pid Mortgagor w receive and we it or any part thereot tor other purposee without tl~eby a~lvin.g or imp~iring
~ny equity, lien or right unde~ or by virtue of thia mortg~gs: and in the event said Mortgagor shall tor any ee~son
tail W keep the s~id premises so ~naured, or /ail to deliver promptly any ot said policie~ oi insuranos to ~aid
Moct~ge0. ot tail promptiy to psy tuUy any premium theretor, o~ in any reapect t~il to psiorm, dfechargs.
e:cute, effect, complete, comply w*ilh and el,ide by thie coven~nt, or sny pert twrer~f, s~id Mort~gee may plaoe and
p~y tw ~uch insurance or any part thereof rvithout ~niving or attectinR any option. Gen, equity or right under o~ by
virtue of this mortg~ge, and t6e tull ama~nt ot each and every ~uch peyment ~hall be immediately due and pay~ble
aad shall be~r interest from the date thereoi until paid ~t t!?e nte of ten per centum per annum aad together with
~ch iaterest sAell be eecured by the lien of this mortgage.
1. To permit, commit or sutter no ~raste, impairment ot deteriontaa of ~aid property or any part tAereof.
5. To pay sU and singular the coste, cherges ~nd e:pen~es, ineluding re~seonabk lawyer'a tees and oost u:
ebstrscts of titk, iacurred w paid st• any time by ~aid Mortgagee becau~e endlor in the eveat of the talture on the
part of the said Mortg~gor to duly, promptly and tuUy psrtorm, diecharge. e:ecute, efteet, oomplete, oompty wit6
and sbide by e~ch ~ end every the stipulations, agreements, eonditions rnvenanta ot said promissory note, and
thi~ mortgege, any or either. and esid co~te, charRes ~ad e:penxs, e~eh and every. ehall be immediateiy due and
p~yabk, whether or not there be notice, demand, sttempt to rnllect or eruit pending; ~nd the tull ~mount ot e~ch
and ev~y such p~ynnent ~Mll bear interest from the d~te thereof until paid ac the nte of ten p~ centiun per
annum: and aU said rnets, charges ~nd e:pen~ee so incurred or paid, togeche~ with such intereet, ahaU be secured by
the lien ot thie a,ongage.
6. That lal in tMe event of any bre~ch of thie moetgage ~ detault on the part of tbe Mortgigor, or !b1 in tM
- event ~ny ot said aums ot money herein referred to bs aot promptly ae?d fiilly paid within ten days ne:t att~ the
same sev~aUy beeoms due and pay~bk, without demaad or ootics, or Ic? in the event each and every t~Ae stipul~tione.
agreea~enta. eonditioae and coveaante of aaid promissory note ~ad tAis mortgags. any or either. ars not d~ly.
promptly and tulty performed. diechugsd. ~etutsd. effected. eompleted. comptied with and ~bided by. thea, in either
or any such event, the asid •ggregate aum mentionsd in said prorniasory note then remrining unpaid, with interest
sccrued, end all moaeys 3dcured hereby, ~haU become due ~nd p~yabte forthwith, or thareatter, at tAe optioa ot said
Mortg~gee. •s fuUy and completely aa if ~11 ot the s~id sams ot nomey w~ere originaqy stipulated to be p~id on
such day. ~nything in aaid promiasory note. aad or in ttia mortgage w the contnry ootwithstanding: and
thereupon or thereafter st the option of e~id Moctgagee. without notiee ar dunend, suit at la~v or in equity.
theretoforo. or theresher begun. may be prosscuted as if all moneye aecured hereby had mat~u~ed p~ior W ita
inatitution_
7. That in tRe event that at the beginning of or at nny time pending any suit upon this mortg~ge, or to forxbse
it, o~ to rofotm it: andror to enforce payment of sny claims h~reunder, ea~ Mortgagee ehall apply W the court
having jurisdiction thereot for the ~ppointment of • Receiver, such co~rt shell forthwith appaint a Reosiver ot ~a~d
' mortg~ged pmperty all aed singular, includiag aU ~nd aingulu the renta income profits, isaues and e~svenues [rom
whatevet eouere derived. e~ch and every of whicl~, it being e~ly undcrstood is hereby mortgaged ae if
apecificaUy set forth and described in ihe Rrsnting and habeadum clauees hPreof, and ~uch Receiv~ shall 6ave
all the broad and effective functions end powrers in anywrix entrueted by • court to a Receiver, and such appoiatment
shell be raade by euch court as sn edmitted equ~ty and e matur oE ab~olute -iQF~t to said '.ltortgagee. and without
reference to the ~dequ~cy or inedeqwcy of thr value of the property mortgaged or w the solvency or ineolvency
of said Mortgagor andior of the defendant~, and that such rents, profita, income, isauee and revenuea ehall be apQlied
by auch Receiver eccording to the lein snd/or eqnity ot said Mortgagee and the prsctice ot such ~bourt.
8. It ia understood and ~greed t~at tAis mortgage is given w securo. in addition to the nots or obligation
~bove described ~ny additacW {oan~ or (uture ~dvancee made withia twenty yeus trom d~te hereof by tbe mortg~gee
to said mortg~gors or any sucoeseor ia titls of said mortgagors ot the poperty bereby conveyed: provided th~t the
total unpaid balance ot the indebtedne~s ~acured hereby at any one time shall not e:ceed the mazimum principal
~mountot SIX THOUSAND EIGHT HUNDRED TWENTY (6,820.00)
If 1. plus interest thereon aud any diebureements made by the mortgagee for the p~yment oi tazea, tevies or ins~rance
on the property encumbered her+eby, w~ith intereat oe sue6 disbursemente.
IN WITNE3S WHESEOF, the ~aid Mortg~gor hae ezecuted thie mortgsge under eeal on the day and yesr herein
firat ~bove written.
Signed, ssaled and delivered in the presence of:
ISEAL!
avi rown
~ Q/Lt~~ /7' ~ ISEALI
rgie rown
STATE OF FLORIDA •
as.
COUNTY OF 3T. LUCIE
Qavid Brown and Margie H. Brov~n, his wife of 968
~t~ ~ ~~~uy .p~ea
Golder? Beach Blvd., Indian Harbour Beach, FL. 32937
t
to me w~U known and Imown W ms to be tLs individual5 desaibed 'm and wbo ssecuted the faregoiag iastrumsnt, .
and ~cknow{sdged betore me tbat t.6sJL ~ecut~d tUa.ame for ths ptapoes~ th~ein e~pres~sd. .
WITNE33 ~ay hand and official sed tlds • 21St day o{ Jana T~ .
. : ~~~..1'!f-~
Notary P~blic in and tor ,
- - - ths Couaty and 3tate A~~~ ~
Catherine M. C~nYara- ~
My oommi~sion ezpirsk
~ ~ Sept. 26,1980
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