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Home My WebLink About0277 ? t1tt0 ~MO A~cuR Eu - ~T. lUC1E CO~MTr ~u pOCEA P01TR~S GI F~'R C+a~.UlT COVaT_ _ . •r, ; 'if~ Maq l 10 3o pN'78 - 3959t~1 ~!?~Il have the option to receive and apply the same oo ~ooount of tbe indsM~edns~s seeured Aersby or to pRmit s~id Matgasor to reoeive and us~ it or any part thereot ta otAn putpo~e~ witlaut tMtsdY walvioa ar imp~irins anr equity. lien or »ght unde~ or by virws of this mort~as; and in tM evw+t said Mortg~gor sBaU tor any eeawa tai! to keep ths said premiie~ so insured. or tdl to ddiver pomptl~ aay ot ~~id paticiN ot iawrana W wid Moetsaaes, or tu'1 Pro~P~fY ~ Wy ~Y ~Y P~~um thetetor. ot in any re~p~et tail W periornti, di~cl~ar~. ucute. ettect. eompkte, rnmply with and ~bide by thu oovenant, or any part hsreot. ~aid Mortg~aes d~y plta and p~y tor such insuranee or any part thereot writhout waivins or aNecting any option. lisn, equity or rigAt ander or by virtue ot tlus mortgage. aod t6s tull anwunt ot e~ch and ewry rucb p~yn~t sbaU be' lma~edi~taly dw ~nd p~y~bls aad s1uU beu int.ece~t hom tbs date the~eot until p~id ~t tM nte ot teo per centum pr annum and to~stl~er with sucl~ interest shaU be ~scurod by the lien of t6is mottg~. 1. To permit. eommjt or ntHer ea wast~. Impaiimsat or deta~iontion of s~id pt~opsrty or any part thereot. 5. To p~y aU and sinaular the costs. clurge~ and eipens~s. inelnding reasonabk lawyer'~ tes~ ~nd oost ot abstracts of titk, incurred or p~id at• wy time by sdd Mortsagrs bscause endlor in tRe eveat ot t6s taiture on tM part of the said Mortg~sor to dulY. P~P~h' ~ P~~ ~dt8's. ~etute. etfeet. oompi~, oomply witl~ ~nd abide by e~ aad every tbs ~tip~il~tions. aa~e~m~ots. eondItloa~ lu~d om?ewnts ot said pro~nirory nots. ard tlw mortgage. any or either. ~nd aaid costs. ehar~ and ~psnssr. e~eh and every. ahall be ima~ediat+ely dus and WY~bk. whetDer or not there be notice. demand. ~tt~mpt to collset or suit peading; and tse tull amount ot e~ch , u~d every sucA payeeeat shaU be~r int~erest hom the dat~ thereot until p~l ~t the nte ot ten per oentum per annum: and all uid eosts. chargs~ and ~pen~ so ineurr+sd or paid. toaether with auch intere~t. sball be rseured by the liea of this awrtgage. 6. TAat lal iu tl~s event ot an~ bn~eh oi tAi~ mortsap or d~fault on tLs part oi tbe Moetpgvr. ar Ib) m tbs • event any of said aums oi monsp 6anin ntKrod to b~ not peomptty aad fuQp p~id witAin ten daps nat etbe tbs same sevenlly beooms dw ~nd pay~bl~. witl~out d~nd or notiee. or Icl ia tl~s weat eaeh and swry ebs ~ti~ulations, ~6*eemsnta. eonditions and oova~nta ot rid promiaoq? not~ aad t~ mort~a~a, any ~ dt~. an not dub?. P~~P~' ~~Y P~ormsd. di~ebaraed. e:eeuted. eftected. oompkted, oanPlied with and abided by. t6~o. in dtber = or any such ev~t, t6e said ~garegate ~um m~tioned in ~aid promi~wry aote tMn romainins uap~id. witb inte~t aecrued. ~nd d1 moneys ~ecured i~srebr. sh~U become dus and p~yable forthwits. ~ tMre~iter. at tbe option ot ~aid Mortgagee. as tully and oom~y u if ~il of ths ~aid ~um~ of nomey wae ori~nally ttipul~ted W bs paid on such day. anything~ in wid promis~oq+ nou. ~ad ar in this moctpge w- tM oontrar~ ootwitb~t~ndin~ and thereupa~ or tAere~fter ~t ths option ot s~id Mat~es, witlwut aotice or d~mand, n~t at law ar ln equity. theretofore. or thereafter be~n, may be proNCat~d u it a11 moMys ~trsd . b~nby 6~d matured prior to ita instiwtion. . 7. 71ut in the event tlut ~t tAe beginniog oi or at any tims prndina any auit upon this mortg~gs. o~ to foreclo~e it. or to reform i~ and/or to sniotcs p~yme~t oi any cl~im~ 6~nnnd~r. eaid Mortgagw sluD appl~r w th~ aonrt having juriidtetion thKeof for the ~ppointmeat ot ~ R~o~ivar. ~ncb ooart ~l+all fo~6wit6 appoint • R~oeivar ot ~aid ~ ProP~~Y includin~ all and ansulu ths ranta iacame pro6ta. iisnes and rsvenues trom whatevet source ~ived, a~c6 ~nd every ot w6ie~. it b~in~ ~zpn~dp understood is harsby mortpasd u it sped6calty set forth ~nd de~en'bed in t6e granting and b~b~dnm cLu~es hereof. and ~ueh Reeeiver s6~D hav~e j all the broad and eff~ctive tunctions and powers in anywias entrust~d by • oourt to a Receiver, and such ~ppoiatment i ahall be made by wch oourt a~ an admitted equity ~nd a matter ot ~baolute right to eaid Mortgagee, epd wit6out ` reference to the ~dequaty or in~dequacy of the vdue ot the proparty mortgaged or to tbe wlveary ar insdvency ~ of ~aid Mortgagor and/or of the defendants. ~nd t6at such c~eots, pcofits, income, issue~ and revenues awaU be applied bq such Receivsr ~ooording to t6e lein and/or equity of said Moctgagee and the pnctice ot sue6 oo~ut. ~ . 8. lt ie uAdst~tood and ~areed thaC tdi~ mo[ts~s iu givan to NCnrs. in ~tan to tbe note Or ob~iption above describ~d any additbnal loan~ ar fnWre advanoa m~d~ within tweoty yean from date hsreof by tbe moetpgee . co aaid morcg.aon or anr n,cc...or in ctw ot .aid morc~a~or. ot sbs p~ope~ty bereby oonveyed: provided c6.c che ~ total unp~id b~Lnce ot the u?debtedness ~eeured hersby ~t ~ny one time shall not e:ceed the muimum ptincipal ~ ~~Q~o~ TWO THOUSAND EIGHT HUNDRED SEVENTY ONE (2,871.00~ ~+*s ~ li 1. plus Intec~est thsreon aad ~ny disbur~emeots made by the mortgagee for ths p~ymsnt ot t~6s. or inwuanos on t6e property eneumbered 6e~sby. wit6 inteeest oa sueh di~burasmsnts. ~ ~ IN WITNES3 WHEREOF, the said Mortgagor has e:ecuted tlus mortgage under sed on the day and year hsrsin fv~t above written_ ~ Signed. ~ealed md delivered in t6e presence of: ~ :~~ti C ~ Dav~ ~ ar es r e ~ALI ~ (SEALI ~ SCATE OF FLORIDA ~ - COUNTY OF 3T. LUCIE ~ ~iorc ~~~~,.p~ David Charles Martell of 7734 S.W. 55 Ave., Miami, FL. ~ ~ 33143 ~ ~ ~ w ms wdl hnown and ]mown to ms w bs td individwl.. dMa~ib~d in ~ad wbo u~ent~d th~ foeeaoins i~s~o4 ~nd ~elcnowbdasd b~tore ms t~t ....b~.... ~ecnt~d ths wme tor t6e p~apo~ thee+ein eipwMd. ~ wITNESS m~ b.na .na ai~l .e.~ ch~. 2nd ~r o~ Feb ry _ ~ - " " ~~w ~ . ~ a O~i~ Plib~i.' ~II ~ TOty ~ ~ ~~~28~ 27? ~°ti.~ . Catherine M. Cat~tsra g ~r ~ ~ . ~ Sept. 26, 1980 ~ - ~ - -