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. ' 110CER POITR~S
CIfRR C!RCUIT CO I
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shall havs tl?s option to ~eceiw and apply the sams oa ~eoount oI tl~s iadsbtednw ~seured henby or W permit
s~id Mortgagot W nceive u~d ws it or ~ay part thersot tur otAer ptupo~ witbout tMnby waivias or imp~trint
any equity, lien or right under or by virtos ot thii mort~~s; ~nd in tM event sald Maregagor ~haU tor ~ny ee~~
_ fW to kesp cM wd premiiss so insured, or tail W delivK promptnr any of w!d poiicie~ ot ieiwvaaa to ~d
Mortaaee~, or fa~ PromPUY ~ WY ~Y aay preidum tberetar. or iu any re~psct t~il to perlorm, dia6~r~s~
escute, etteet. eomplete. rnmply ~rith ~nd ~bide by thia covenaat. or any part harooi. s~id Mortg~ges may pl~os ~dd
pay for ~cA insun~ce or any part thereot writbout waiving or aHectiag any opt'an, liee, equity or risi?t nnder ar by
virtae of this mortg~gs, ~ad tss (uU amount of e~cA and evsry such p~ymsnt sluU ba immediately du~ ~ad payabls
and sl~aU bear intere~t from tAs date tbe~eot uatD paid ~t tlie nte of ten per ee~tum per anaum and ta~st~ witA
eueb iut.arest alull bs ~scund by tbe liea ot tbis awrt~.
1. To permit. cominit or suHer ao waste, impairmsat or deteriontioa oi eaid propsrty or any part t6ereof.
5. To pay aU and aingnlu tAe oosts, elurges and ~pensM. including reason~bk lawyer's tes~ ~nd oost of
sbstract~ ot title, incarred or p~id at• aay time by said Mortaasee becauee sndlor in the event ot ths taiturs at~ the
p~rt of the said Mortgsaor w duty. pnomptly aad tnUp Pe~torea. di~cl~r~s, esecute. eHeet. oompl~, oompb witA
u~d abide by eaeh and every ths stlpulation~. ~t~. oondition~ and oovenants ot said Protni~T not~e. and
this mortgage. ~ny or athec. ~ad said eo~ts. char~u ~nd espensss, e~ch ~nd every. shall be immedLtely due and
p~Yabk. whether or not tDere be ~otice. demand. attempt to coUsct or ~uit panding; and tl~s tuU ~moan! ot e~eb
and every sueh paymeot sl~aIl beu intere~t trom the date tAereo4 uatil pairl ~t the nte of ten per centum per
annum: ~nd ~U said costs. chargs~ ~ad e=pen~e~ so ir~curted or paid, tosetAer with auch interest. shall bs ~scured by
the lien o[ tAis mortgagr.
6. 'lbat lal in tbs event ot aay bre~ch ot thi~ mortaap or dthult on tl~s p~tt of she Matsigor. or (b) in tAs
• eveat any of etid sums ot monsy h~in rsf~red to b~ not P~'~P~Y P~ ten d~ys ns:t aRer tt~s
sams ssvenlly beooms due ~nd p~yabM. witMat demand or not3ce. ar Icl in th~ ~veat each and svetp tl~s ~tipulations.
aareernsnta. eonditions wd covsnanta of ~aW ~omissory note and thi~ awrt~s, ~ny or dt6ee. ~n not duly.
P~P~~Y P~ormsd. di~c6ar~d. ~e~vted. eftected. ocmplst~d, oomplied with and abided by. theo. in dt6er
or aay such ev~t. t6s sdd aggresate rum mtntioned in said promiNOry note thse ramainit~ uapaid, with mt~ar+srt
accrued. and all moneys seeured bsrsby. sluU beeome dne ~nd payabie fort!?wit6. or tsereafter. ~t the optbn ot said
Mortg~gse. ~s tuUy and camplstdy u if ~D of tbs sald sam~ of nomsy were originaliy stipulated to b~ paid ao
ancl~ day. ~nything ia ~aid promi~~ory ~ot~. ~ad a~ in tti~ mort~a to t6~ oontrary iwtwlth~t~adtn~ ~nd
thereupon or theroafter at tbe option oi nid Mortg~es. witbont notioe or dam~nd, auit ~t law or in equity.
theretotoce. or t6ereatt~ besun, m~y be proMeutd u it all moewys s~cvnd Mrsby dad raat~u~sd prior to ita
insiltutioa.
7. TAat in the event that at tbe bsglnning of or ~t anr tims p~ndina ~ny suit upon this a~ortgrgs, ar to toeeclo~e
it. or to ntorm i~ and/or to eatoros p~yment ,of any cWm~ baeanda. s~id Mcrtg~gw ~hal1 apply to t6a oourt
~~e 3~risdietion th~reot tor tl~s appointm~ot of a R~o~iver. ~h oourt ~hall torthwit6 appdnt ~ R~aiwr at aaid
~6~ P~~Y all and singular. inclndina all a~ siagul~r ths renta inoome pro6ta. i~sne~ and rw~nus~ from
whatever wurce dKivsd. e~cs wd ev~ry ot which. it b~ins upnMly uederstood is hereby mort~sasd u it
specifically sec tortb md de~cribed in the gr~ntina and h~b~dum dauaee hereof. and sneh It~ceiv~ stull liavs
ell tl~e broad and etfective funetions and powers in anywi~s entrusted by • court to a Receiver. and such appoint~nent
shaq be m~de b such
y oourt as an adm~tted equity ~nd a matter o! ~b~olute right to eaid Mortgagse, and witMut
reference to the adeqwcy or icudeqwcy ot the value ot the property mortgaged or to the wlventy or iasuivency
` ot uid Mortqagor andlor of the defrndants. ~nd t6at such ronu. pro6ts. inoome, issues aad rovenues aha11 bs ~pp~ied
I by snch Receiver ~coording w the lein ~nd/or equity of e~id Mortgages and the
n practiee ot wch cotut.
8. It is uadentood ~nd a~reed tbat thi~ mort~~s i~ givea to ~ecyro, in addition W the noce a obliption
above described ~ny additbna! {oan~ or futtue ~dvanos~ mad~ w3thin twentr years hom date hereof by t~ moctaages
to s~id mort~~ or anr suoo~aor in titls of ~aW mortaaeor~ oi tbs P~P~Y heesby oonveyed: provided tl~t t6e
tot~l unpaid balance ot the indebtednese sseured 6ereby ~t any ons time sha11 not e=ceed the muimum peiacip~l
amouncot TWENTY THOUSAND FOUR NUNDRED EIGHTY • (20 480.00)
IS 1. ph~s interaet thareo~ and any disMirsemeats m~ds by t6e mortg~gee tor the p~ymsnt o~ tues. kviss or inwaancs
on tbe PmpertY encumbered l~ereby. with interest on ~uc6 disbunemeatA.
IN WITNESS WNEREOF, t}u said Mortgagor has e:ecuted tdL mortg~ge under ss~l an the day and year 6a~sin
tv~t ~bove written.
Signed, ~led and delivered in tbe pressnca of: r /
V
a (SEAI.)
ISEALI
Carrie VanRegen ter
STATE OF FLORIDA
se. .
COUN7'Y OF 3T. LUCIE
B~tom ~~~~.uy .~..aa Jacob VanReqenmorter and Carri e YanReqenmorter, hi s wi fe of
Box 7, Inwood, Iowa• 51240
co me ..e~l kno..n and tmo,.n co ~ co b. cb. indh?iduatS da.a,'bed ia .ad weo ez~~wc.d c s co~+e~oina io~pvaoen
•nd ~cknowbdgd b~fore ms that ...6sy. ezeeuted t6s ~ama for ths purpo~ tharsin
wTTNESS my e.aa .na of~! .e.~ cAi, 4th d,y ot Feb
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0 R p .
~3CK 20c~ PAGE ~G~~ °ar~ pn~ ~a ,~Ad ta v, .
t6~ Counq and 8t~ti Atp~~~ fr
~r
• Cathe ~n `
~
Mr ~o~.ione - , ~ :
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Sept. 26, 1980 - ~
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