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Home My WebLink About0193 i~ i~ci~'~~i~~i~r"~i~ ~ocrR PaTa~s r! fRR CIRCtIIT CO . .tn~c1F9 ~ MAR l 10 i 1 AH'~~ 3ss~so shsll have tAe option to receive and •pply the ume on ~ccount of the indebtsdness secured hereby or to permit said Mortgagor to ~ve aad use it or any p~rt tAereo( tor o~her purp~~ea witMut tl~ereby waivins or impairing any equity, liea or right undsr or by virtue o! thi~ mortgage; and in the evmt eaid Mortgagor sliall tor any re~soa tail to Iceep tl~e ~aid premisee so insured. or fail to de6ver promptly any of aaid policies ot inturanoe to Mid Mort~ge~, or tail promptly to pey fuUy ¦ny premium therefor, or in ~ny respa:t fail to pseiorm, diechargs, e:cute. etfect, compkte, comply ~rith and sbide by thi~ cavenant, or eny part Aermf, aaid Mortfirgee may plaoe and , p~y tor auch ineurance or ~ny part thereof without wsi~•ing or sifeceinR sny option, lies?, equity ot rigAt undN ar by virtue ot thi~ rnortg~ge, aad the tull amount of esch •nd every auch payment ehaU be immediately due and payable ond shaU be~r interest from the date thereof until paid ~t the r~Le af tan per centnm per annum snd together with ~th interest ~hall be secured by cAe lien of tAia mortgags. 4. To permit, cotamtt or eufter no waste, impsirmeat or deteriorataa af aaid property or any part thereof. 5. To psy aq ~nd ainguler the co~te, ehergea and e:penrea, inciuding rea~onabk Iswyer's tees and cost ot ~batrects oi titk, incurred or paid at• ~ny time ~by ~aid Morig~gee because end~or in the event ot the failure on the part of the uid Mortgagor so duly, promptly ~nd fuUy pertorm. d»charge e:ecute, aHect, complete, wmply with and abide by erch ~nd every the stipul~tions. egreemeets, conditions snd rnvenante oi said promissory note, ud thia mortgage. any or either, and eaid coata. cAarges and e:penses, esch end every, shall be immediately due and p~y~bk, whether or not there be notice, demand, attempt to collect or euit peodinp~; •nd the tull ama~nt of esch and every ~uch paymeat shall Dear interest from the dste thernof until paid at the nte ot ten p~ centum per ~nnum: and ~U said coate, ch~rgss and e:penxs ~o incurred or paid, together with such interost, ahaII be secured Dy the lien of thie mortgage. • 6_ Th~t la) in the event of any bro~ch of tAie mortgags or det~ult on the p~rt of tDe Mortgagtx, o~ (b? in tAe • event any of said eums of mo~uy b~+ein nferred to bs not promptly ud fully paid within ten d~y~ ne:t ~ite~ the ~ame severally becoms due snd p~yable, without demand or notice, ot Icl in the event each and every tbe stipulations. agreements, conditioae ~nd covenants of s~k! promiesory note ~ed this mortgage, my or eitAer, ars oot dnly, promptly and tuqy per(ormed. disclurged, e:eeuted, effected, eompkted, complied with and abided by, thea, ia atDer or atry auch event. the said aggregate. aum mentioned in aaid pramiseory notr then remaining unp~id. with interest ~ccrued. and atl moneye ~ecured hersby. ~Aall become due aad payabk forchwith. or thecbafter, at the option ot said Matgagee. ~s fuUy and eompletely as if aU of the said suins of nomey were originally atipulated to be paid on such day. anything in eaid promiseory cwte, ~e~d or in• t~ mortgag~e to the contrary notwithsw~ding and there~pon or thereafter ~t the option of said Mortgagee, without notice or damand, auit at taw oc in equity, theretofore. or thereafter begun, may be prosecuted ae if ell moneye securnd hereby had matured prior to its instiW tion. 7. That in tAe ~vent that et the beginning of or at any time pending any suit upon tAie mortgage, or to foreebse it, or to rotorm it, andlor to entorce p~yment of ~ny claims lssre~under, aaid Mortg~gcs eh~ll apply to the court having jurisdiction thereof fw t6e ~ppointmeat ot a Receiver. sueh court shal! forthwith ~ppoint s Reeeivar of seid mortgaged property aD and singular, inctuding all aed aingular the rente income profits, issuee u~d revenues from ' whatever source derived, e~ch end every oi which, it being e~reasly underatood ia hereby mortgaged as if apecifically set torth aad dracribed in the ~[rsnting ~nd habendum clausee h~reof, and euch Receiver ah~ll heve all the broed end eHective functiona and poarerv in enywiee entru~ted by • court to s fteceiver, snd sucA sppointment shall be made by euch court ae nn aMutted equity snd a matter a[ ab~oluu~ :~Qt.t to. said Mortqegee, and without reference to the edequaty or inadequ~c}• of the v~lue of the property mortgaRed or to the solvency ot inaolvency of ~aid Mortgagor sndior of the defendants. and that such rent~, profits, income, iaauee and re~enuee nhaU be applied by ~uch lieceiver ~ccording to the lein andror equity ot said Mortgagee and the practice of euth oourt. e. It ie understood and agreed that this mortgage is given to eecure, in addition to the note or obligition ~bove described any additional losne ar future advances made within twenty years trom date hereof by the mort~gee to aaid mortgagon or any succeneor in titb of wd mortgagurs af the pr~operty Aersby coaveyed: provided th~t the tocal unpaid balance of the indebcedness ~ecured he~eb a: an one time ehall no~ : t um principel amount ot FIVE THOUSAND NINE HUNORED ~WENTI~ 1~~~•$~~ Dollare (i 1, plua intereet thereon and any diaM~rsea~er?ts made by the morigagee for the p~yment of ta:ee, kviss or iaaurancs on the property encumbered Aereby, with iutereat on such disbursementa. IN WITNESS WHEREOF, the eaid Mortg~gor hae e=ecuted this mortgage under eeal on the d~y and yesr herein fvat above written. . Signed, se~led and delivered in the presenu of: ' o ~O ISEAL) - j ISEAL? Betty W ls STATE OF FLORIDA as. COUN1'Y OF ST. LUCIE Before au per~onaUy appesred W~ 1 ford C. Wel 1 s and Betty J. Wel l s hi s wi fe of 116 - N.E. 3rd St., Sarellite Beach, FL. 32937 to me weU kaown and knawn to me to be t6e indivfduaL~ de~a~'bed iu and who ss~cuted ths toregoing u~d acknowledged betoro me that ~e...ye:ecuted the same for tbe p~upwss thetein WITNE33 my h.Da .oa or~w ~ cn;~ ~n~ - ~ ~ Febr ~s ~ . ~ ;ts~,- D R Notarf P~blic in and.lc ~ G~, . _ cha Councy md scau'Aft~.yd. ' ~ ~O~X~~ F'A~E ~ Catherine M. C~~t~ra.'-';'~~- - - • My oommfaion ~pire~ _ s n ~ Sept. 26, 1980 ~ - - - - ~ . _ , . . _ _ _