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HomeMy WebLinkAbout0256 i~ iuciE covM~Y ~u°? ~ AOGER POITIl~S C1 FRK CtRGUIT COURT ~ ~ - ~ rl -~f~E'J MAR t io ~9 aM ~18 ~ ~ :3~5949 ahall have t!?e option W receive •nd apply the ~ame on ~ccounl ot thr indebta~inesa secured henby or to permit said Mortgagor to receive and uss it ar any part thereot lor other purposss without tAeteby w~iving or impairing aay puity, lien or right under or by ~vtue ot thie r.rortgags: and i~ the event ~aid Mortg~gor sluU tor any re~son tail W ke~p tl~e said premis~s so insured. or f~il to delivsr promptly any ot eaid policie~ ot innuaaca to wid Mortaases. or tail pwmptly to p~y tuUy eny premium theretor, or in sny re+pect f~il w perfornt. diechugs. e=eute, efteet, compkte, comply with and ebide by thi~ covenant, or eny part he~enf, said Mortg~qee may place and pay tor such in~u~ance or sny pait thereof ~rithout wa~ving ur aftectinK eny option, lien, equity or right under or by virtos ot tAis mortg~gs, and the tul! ~mount ot each aad every ~uch payment aheU be immediataly due and psyabk and sh~U De~r inter~est from tbe date thereot until paid ~t the nte o! ten per ccntum per annum ~nd together with such interest ~luU be secured by the lien ot thi~ ~nortg~ge To permit, commit or eut(er no ~raste. impairment or deterioral'wn ot ~aid property or ~ny p~rt thereot. S. To pay all and singular the coate. char}ree end e:penses. includinq reawnsbk laayer'a teee and cost ot abatracta ot title, incucred or paid at• ~riy time by xid Nortgagee because andiw in tbe event ot the tailure on the p~rt ot the said Mortgagor to duly, promptly aod iuUy pertorm. discharge. e:ecute, ettect, oompktA. compty wit6 and ~bide by eacA and every tM atipuletione, agreeanents, rnnditione and covenants of said promissory aote, snd ' this nwrtg~ge, any or either. •nd eaid eoata, char~ ~nd e:panees. eacA and every. ~hall be immediately due end p~yabk, whether or not there be notioe. demand. ~ttempt w coUect or suit pending; and tAe tuU amount of each ~nd every sueh payment shaU bear intereet from the date t1~en~ot until paid et the nte ot ten per centum per - ane?um: ~nd a0 uid costs, chargss ~nd e:penses ao incvrred or paid, toRether with auch intereet. ~Aali be eecured by the lien ot this mortgags_ 6. That lal in the evQet of ~ny breach oi this mortgage or detault on the part of tAe Mortgigor, or Ibl iu the • eveat any of said eums of money heKin rsterred to be not promptty and fully paid ~rithin ten days aezt att~ tbe s~we ~everdly beoome doe and p~yabts. without demand or aotice. o~ Ic1 in the eveat eacb and every Ne etip~ilations. ~~greemsnts. tonditions and covenants ot said promissory note and tbis mortgage. any or eitAer. ~rs not duly. promptly ~nd fully pertormsd. discharged. e:ecuted. eftected. compkted. complied with ¦nd abided by. tben. in either or any aucA event, tAe asid aggre(nte eum mentioned in eaid promiseory ~wte then remaining unpaid, witA iat~etest accrued, and all moneye secured hereby. adll become due and p~yabk forth.vith, or tfiereafter, at the option of ~aid Mortgagee, ~s fully and oompletely as it sll of the uid sums of nomey were ~xiginslly stipulated to be paid on ~ch day, aaything in wid promissory note. and or in this mortg~ge w ihe contrary notwithstanding u?d thereupon or thereaEter at the option ot eaid Mottgagee. withoat notice or damand, ~uit ~t law or in equity. t6eretotore. or there~her begun, may be pro~ecuted as if ~11 moneye ~ecured hereby Aad matured prior to ita inetitution. - T. Tlut in t~e event that ~t the beginning ot or at any time pending any suit upon thia mortgage, or to forecb~e it. or to nform it. ar~d/or w entorce p~ymeat ot any cLims hereunder. said ~lortg~ges s6all aPPly to the court haviag jurisdictan the~ot for tbe appointment ot a Receiver, sucA court shpll forthwith ~ppoint a Reoeiver of said mortgaged property all and eingulu. including all and singulu the rents income proCts, issuee and revenuss from whatever eource derived, e~th and every ot which, it being azpressty underecood ia hercby enortg~ged as if apecificaily set torth and described in the grantinq and habendum clauses F.Preof. and ~ueh Receivrr ahall have l all the brosd and effective functions and poxers in anywise entrueted by a court to e Receiver, and ~uch appointment ehall be made by nnch court ss an sdmitted equity and a mstter ot eb+oluu~ riRl,t tn said Mortqagee, and arithout ~ refuence to the adequacy or inadeqwcy of the ti•alue of the property mortgaRed or to the eolvency or ineolvency of ~aid Mortgagor andior of the detendants, and thac euch rents. profit~, inrome, iesuee and revenuee ehall be applied by such Receiver aceording W the lein and•or equity of said Mortgagee and tAe practice ot auch oourt. e~ It ie understood aad agreed that this mortgags is givea to eecure. in addition w the note a: obligation ~bove descriDed ~ny additional bans o~ future ~dvances made .?itAin tw~ty ye~re from date hereof by ths mortgagee to said aw~t~agors or any suocessor ia tit{s ot said mortgagore of the property hereby conveyed: provided tlvt the total unp~id balance ot the indebted~ ~ecured hereby eny one time shall not e:ceed the mazimum priacipal ainoaoc ot TEN THOUSA(~D SIX HUNDRED 7W0 (~10,602.00)----------------------- ~~s IS 1. plus interest tl+ereoe a any diebursernente made by the mortgagee for the payment ot tuee, levies or inwrance on the propeity encumbered henby, with inurest on such disbursementa. 1N WITNESS WHEREOF. the said Mortgagor h~e e:ecuted thie mortgage ueder aeal on the day and year herein fvst above written. Signed, ss~led and liv in che presence of: • ~ ISEALI _ Ggdnl~. imon : ~ j~ lSEAL? ~ STA OF FLORIDA Thelma N. $1IT10~ ~ COUNTY OF 3T. LUCIE u Q ~t~~ ~p~ Gordon W. Simon and~T~ielma N. Simon, his wife of ~ 5200 S. Tuckaway Blvd., Greenfield, Wisc. 53321 ~ to ms wd) known and kno~we W ms to be tbs individualS. deearibed 'm and wM es~euted the toregoing ' t~ ~ ~nd aeknowi~dg+sd bsEore me that ~,.h~.~. uecuted the same tar t~ p~po~es t~e+ein e:presasd. ¢ wTTrrESS mr b.oa .,,~a orfiaal sea! chis 2nd ~y of F ry : ~ _ I~~'~ ~ Notary Public ta and f . p . , " - the CounEy and Sace larea~d,. ~ tar~. . ` Catherine M. Can a'' , ,.r ~ ~ ~~RK~~e7 2JV My Sepm t~ 26,~1980 . ~ ~ ~~~r. ~ . _ _ . . . " - - ' - _ ~ .