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Ct'tCU1T CCUA? . . .-'1 Map T 14 2g3t~'~~30 sluiD luve tAe option to receive •nd ~pply the ~~mo on account of the indebtedness eecured hereby or to permit sdd Mortgago~ W roceive and use it or any part thereot to: other purposes witl~oul thereby waivina o~ impairirig aay eqaity, liea or right under or by virtue ot this mortgsRs: aad in the event aaid Moetgagor slull tor ~ny reawn tall W ks~p ths eaid pcemisee eo insured, or [ail to deliver promptly any of eaid policiss ot insutanos W s~id Mortgrsss. or teil promptly to pey tully eny premium theretor, or in any respsct taA W perform, discAargs. e:cute, etfect, compkte, comply ~rith end abide by thi. covenant, or an~• part Aereo[, said Mortgagee may pl~ce and p~y tor such in~urance or any part thermt writhout MS1VlI1g OC sftectinR any` option, lien. equity or rigAt uader or by virtne of tRi~ mortg~ge, ~ad t~e tuil amount ot e~ch ~ad every aucA psyment shal! be immediately due aad p~y~b{e aad ahaU be~r interest trom tAe date thereo[ until paid ~t the nte ot ten per centum per annum and together ~rith auch interest ahall be secured by the lien ot thia ~urtgage. 4. To permit, rnmmit or sufter ao ~raste, impairnfent or deteriorataa of aaid property or any part thereot. S. To p~y sll and singuisr the co~ta, charRee end e=pcnsee, includinq rea~onebk Is~ryer's tees ~nd owt of ~batncts of title, iacurred or paid at• any time by said Mortg~gee becaux and'or in the event ot the tailuro oa the part of the said Mortg~gor to duly, prom~ly ~ad fully perform, diecAarge. e:ecute, eHect, oompleta, comply witl~ ~nd abide by each ¦nd every tha stiputations, agreements, conditions and oovenants af eaid promi~eoYy not~e, and thi~ mortgage, any or aither, and eaid coste, cherges ~od a:peneea, eech end every, e6all be immediately due end p~yabk, whether or not there be notice, demand, attempt to coUect or auit pending; and the tuU amount of eacA and eve~y wch payment eAell bear intereat from the date thereot until peiA at the nte of ten per centu~ per - ~nnum; and aU eaid costs. ch~rges ~nd ezpeases so ineurred or paid, to~eth~ with such interest, ahaU be secured by the liea ot this mortg~ga. 6. That 1~? in ~ t6e event of any bre~ch ot ttis mortg~ge or detault ~ the part oi the Mortgigor, or Ib1 in the • event aay ot ~aid sums of money be:ein reterr~ed to be not Pro~P~Y P~ writhin tea daye nert atte~ tbe same sqvsnlly beoome due and p~yabk, without demand or ootioe, oc Icl in the event each and every tha ~ipulacioas. ~ agreement~. eonditions and oovenant~ ot said promis~ory aote and this mortgage. any or either. ars not dnly. promptly and fully pertormed. diselurged. ~ecuted. effeeted. oompkted, compiied wit~ and abided by. thea, in dtber or any such event, the saed aggregate aum mentioned in said promiseory note then remaining unpsid, with interest ~ecrued, and aU monsye secured h~eby, ehall becorn~ due and p~yabk fortbwrith. or thereafter. ~t the option ot said Mortgagee, as tulty and compktely as if all of the uid sums of tamay were originally etipulated to be paid on such day. anythiag in said promissory noce. and or in this mortgage to the contrary aotwithstanding; and tbereupon or thereatter at the option ot said Mortgagee. without notice or dasaand, ~uit at law or in equity, theretofore, or th~fter begun, may be prosscuted as if all moneya sscured ~ereby had matured prior W ita institutan. ~ , T. That in the event that at the beginning ot or ~t any time pending any suit upon ihis mortgage, or to toreclose it. or to reform it. ~ndior to enforce p~yment, of any claims hers~nder. ~nid Mortgagee shall apply w tl~e court having jurisdiction t6ereof tor ~ti~e sppointment of a Receiver. ~uch eourt eha11 forthwith appoint • Reeeiver o[ s~id li ~Ba6~ P~~t7 all and aingulu. inclnding all and singular the rente income profits. ieauee end revenues from ; whatever sonree derived, each and every of whicA, it being ~presaly underatood ie hereby mortg~g~ed as if i specifically eet forth ~nd deacribed in the grsnting end habendum cleuees hereof, and each Receiver atull hsve ~ all the broed ~nd eNective fuectione and pow~rrs in eny~rix entru~ted by a court to a Receiver, and such sppointment ! shaU be made by such court aa an admitted equity and a matter ot ab~otute right to said Mortgagee, and without ~ re[ereryce to the adeqwcy or inedequac~ of the value oi the property mortgaRed or to the soivency or ineoivency ~ of said Mortgagor and/or ot the defendanty, and that ~uch renta, profita, inoome, iaauee and rovenuee sh~ll be applied by wch Raceiver scoording W the lein end'or equity of said Mortg~gee and the prsctice of sue6 ooart. ~ ~ 8. It is understood ~nd agreQd cbat this mortgage is given to secvre. ia addition w the note or obligation ? ~bove described any additiooa! {wni o: futuro edvanees msde within twenty years from dete hereof by the mortg~gee ~ to said mortg~gors or any euco~eor titls ot said mortgagors ot tbe property hereby oonveyed: pmvided tl~t the total unpaid balance of the indebtednee~ xcured hereby ~t any one time ehall not e:ceed the ms:imum priacipsl ~ amount ot ~ENTY ONE THOUSAt~D NINE HUNDRED TWENTY (~21,920.00}-------------- Dollue li 1, plus intersst thereon and any d'es easbnte made by the mortgagee for tM payment of tuee, leviee ar ineuranoe ~ on the PropertY encumbered hereby. wiW intereet on eueh disbu~aements. ~ ~ IN WITNES3 WHEREOF, the said Mortgagor has e:ecuted thie mortgage under e~l on the day end year herein ~ fir~t above written. ~ Signed, eesled and delivered in the presence of: ~ ~ ? ~ ~ ~ ISEAL! ~ U1S . 0 ~ . ~ ISEALI ` Margare A. Schorsch ; STATE OF FLORIDA ~ OOUNTY OF 3T. LUCIE 'a ~ Before me personi~Uy appeared Louis J. Schorsch and Margaret A. Schorsch, his wife ~ . ~ of 6326 N. Knox Ave. , Chicaqo, Il l. 60646 ; c. r ~ ~-e-r . ~ ~ ~ ^v 1 i w me wroll known and Imo~wn to ms to bs tM individual.._ desaibed 'm and w6o ~ecuted the t ,l~~• esf` ~ a~ t t V ~ and aclmowbdged betore me ttut ._..he.... e:eeuted the same tot the ptupoeee theroin s ,k ~ " " ~l ~ t~ s WITNE33 my hand and otficial eeal this ~th day of F bru y 1~ ~ _ ~ ~ blic in and tor S°,;T ~ 6`~,,.`r i O~ a CiOQL ~d x~OfM~I~.'' . 5 BOOK ~8e~ PACf ~ Z~ ° Josephine M. Wicai y Mr oommiNioo e:pires: ~ March 18, 1979 = ~ - : : . _ - _ - - - - ~