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si~all luve the optioa to receive and ~pply tRe same on account ot ths indebtedness ~ecured hereby or to permit
said l~[ortga~ W reeeive aad uss it or any part thereot tor other purpose~ without thereby ~ralvins o~ impairing
~nr equity. Ikn or rigAt unde? or by virtue ot this mortgags; aad in the evsnt eaid Matgagor shall tor any roason
tail to kesp the ~id premises eo inaured. or tail w de6ver promptly any of aRid poticies ot inwranos to s~id
MortRages, or tail pwmptly to pay tully any premium theretor, or in eny respect fail to pertacm, discharyts,
e=cute, eftect, compkta compiv writh and ebide by thia coeenant, or any part hereof, eaid Mort~gee may plaoe and
p~y tor such insurance oT a~y put thereof without waiving o~ attectinR any option, lien, equity or rigltt under ~ by
virtne of this mwtga~s. and the fuU amount ot each ~nd every such peyment ~haU be iaimediately due u~d p~yabk
and shati beu iatereat from the d~te thereof until paid at the rsts of ten par centum per annum and together with
wch incerest ah~ll be sscured by the lien ot ttw mortga~e.
4. To permit. comruit or sutter no wraate, impairmeat or deteriontioa ot aaid property or ~ny p~rt thereof.
5. To pny sU and eingular the ca.ta, charges snd e:pen~ea, inciuding ressonabk lawyer'~ tees and cost of
abatracte ot title, incurred or paid •c- any e;me by ssid Mottgagee bccauee and~or in the event oi the failure on the
part of the said Mortgagor to duly, promptly and fuUy perform. diecharge. e:ecute, eHect, comp{sts, cornpiy aith
and abide by e~cb and every the stipulations, aRresments, conditions ~nd rnveeant~ of uid promiseory nota ~nd
ehis mortg~ge, any or either. ~nd said ca~ts, charges ~ad e:penxa, e~ch and every, ehaU be immediately d~e and
p~yabk, whether or not there be notice. demind, ~ttempt to collect or ~uit pending: and the fuU ~nwunt of each
and every ~uch payment ahaU beu intereat (rom Ehe date thereot unt~ paid at the rate ot ten per ceatum per
annum: and all said coats. char~es and ~pe~ies ~o incurred or paid. together witA such interest. ~hall be eecured by
tbe tieu of t!?is mortgage. -
6. That lal in the event ot eny bre~ch oi thia mortgags or detault on t!~ part oi tAe Mortsigor, or Ibi in tbe
- • evsnt ~ny ot etid sums of money hecein retarred to be not P~PUY u~d fully paid within tea days neit sfter tbs
eams sever~Uy beeome dus and p~yabk. witbont demand or ~wtice. ar Icl in t1~e event each and every the atipulations.
aare~ents. wnditioas and rnven~nts ot aid pmmissory note aad this mortgags, any or _either. are not duty.
P~P~' ~nd fully perforn~ed. diechargsd. e:ecutad. etiected. oompleted. oomplied arith and abidod by. then. in eithrr
a any such event, the said aggr~gate sum mentioned in eaid promissory note then remaining unpaid, writh interest
acuued. and all moneys eecured hereby. sAall become due and payabk [oscb.vith. or thereafter. ~t the aption of said
Mortgages, aa IuUy and compktely u if a11 of the said sums of nomey were originatly stipul~ted to be paid on
~uch day. anything !n ~aid promissorY note. and or in t6is mortgage to the contrary notwithstanding and
tAereupon or thereaitar at the option of e~id Mortgagee. witl~oat ratice or damand. s~it at i~w or in equity.
tberetoforo, or thereafter begun, may be pmsscnted ~s if dl r~wneya sscured hereby had matured prior W ite
inatiwtion.
7. 'lbat in the event tlut at the beginning of ~ at sny tims pending any suit upon this mortgage, or to foreclose
it, or to ro(orm i~ and/or W enforc~ p~ymeot of ~ny cWms hereunder. said Mortgages shaU apply to the court
having jurisdiction thereof for the appointment of ~ Receiver, such court shell iorthwith appoint a Receiver of eaid
moct~aged PropertY ~U and aingu4r. iacluding all and eiagul~r the reots income profets. issues aad revenues irom
whatev~ sonrte derived, e~ch and every of w~hich, it being ezpreasly w~der~cood ia hereby mortgaged ~e if
; apecifieally xt forth and desctibed in the Rrentiry~- and habendum clsuees FPreof, and auch Rectiver shall have
~ all the broed and eHective tunctione and powrers in anywrise entrusted by • tourt to s Reeeiver, and euch ~ppointment
` shsU be made by such court ~e an admitted equity and a matter of ab~oiutc : iRt~t w~aid MortgeRee, and ~ritlsout
; rcference to the adequ~cy or inadequscy ot the value of the property mortgaged or to tbe solvenry or ineoivency
of said Mortgagar aad/or of the defendanta. and that sucb ronts, profite, u?oome, iaau~ and revenuee ehaU be spplied
by euch Receiver koording to the kin ~nd~or equity of ~aid Matgagee snd the pnctice of such oourt_
~
~ 8. It is understood aad sgreed th~t this mortgage is given to sscvre. in addition to the not~ or obligation
( above descn'bed any additiooal bans or futnre edva~es mads witQia twenty years trom date hereof by t6e mortgagee
~ to said matgaaors or any wocessor in tide of said mortgagon ot t6e property bereby conveyed: provided that the
i tota! uap~id b~lance ot the indebtedaess secured hereby ~L any ons time shall not ezceed the ma:imum principel
~ amo~ncoc TMrO THOUSAND SIX HUNDRED NINETY ONE (=2691.00)-------------------~~
~ tf 1. plue interest thereon aad any diaburseanents made by the rnortgagee for the payment of tazes. kviea o~ inaunnce
~ ~ che Pro~rcy ~ocu~~ea t~y. with interest on such diabureemeats.
f TN WITNE4S~ WHEREOF, the said Mortg~ r h~s e:ecuted this mortg~ge under eea) on the day and year herein
~ first ebove n.
t
~ ~nd deli in ot:
ISEAL?
~ yP. Ber
~ - iSEALI
~ Pau ette J. Beard i
STATE OF FLORlD ~ s
COUNTY OF 3T. LUC1E ~
- ~f~ ~~~~.uq.p~a =Jeffrey P. Beard and Paulette J. Beard, his wife of
~
; 15389 S. Dixie Hwy., Miami, F1. 33157 _
" to ms wsi! known and Imown to me to bs ths individual$ desrn'bed in and wbo ~ecuted t!a fi~es~o(o~ ~°t'
~ and ~c]rno~wledged before me th~t ~.bs...~/ezseuted the same tot the p~uposes therein e:pres~¢._ .
a ~ <
~ wi,i.rress mr b.na .na o~ ~ c~ lOth ~y of June . -'1~ 78
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rroc.~? ~n,~e m ~ - ta . - ~
Q R ~ cl,e cot~~? 'aod 8t~te l~fceaajd.
~ 6Gv~c ~ ~ PACE 9~ ~r r«~:~~~
~ • March ~98~
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