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~hdl luve the option to receivs a~d ~pply the aame on ~ctoual ot tl~s indebtednsw ~eewed Aereby o: to permit
said Matgasor w reeaive and use it or ~ny p~rt tl~areot ta~ othsr purposss without tbsreby waivin` o~ [mpai:ing
any equity, liea or right undet or by virtue ot this mort~ge: u~d in ths event s~id Mortg~gor elwll tor u~y reawa
fail io ke~p ~he s~M premises eo insured. or (~il W deliver promptty ~ny of s~id policie~ ot iu~unaos to s~id .
Mortg~gea or tail promptly to pay lully any pernuum therefor. or ia any re~pect tai! to pertona, disd~args,
e:eute, eftect, compkte, comply ~rith and ~bide by thia rnvenaat, or any p~tt !lereot, said Mort+ta(~es may pl~oe u~d
p~y for such inaun~ce or any pert thereof witlwut waiving or attecting ~ny option, lian, equity or right under ar by
virtue ot this mort~gs, ~nd tbe fuU amount ot e~ch aad every auch payment ahall be immedi~tely due ~nd payabk
and ahail bear intereat trom the date thereof until p~id ~t tAe nta ot tan per centum psr anaum and toRether writh
such interest ~haU be secaced by the lien of thie mortga~ce•
1. To permit, commit or sutfer no ws~te, impairment or deteriontion ot uid property or any part thereof.
5. To pay aU aod ainqulu the coate. chargee end e:peaees, including reasonabk ?swyer's feee and coat of
abatracts ot title, incurred or paid at• any time by said Mortgagee becauee andlor in the event ot the t~Uure on tlu
p~rt of the said Mortgagor to duly. promptty ~nd fuUy psriorm, discliarge. e:ecute. eftect. oompiate, oanpty with
~nd abide Dy eaeh and every the stipulatioe~. ~greea~ents. tonditions and oovcnants of said promissory note, and
this mortgaqe. aay or either, ~nd eaid co~ts, charges and e:pen~es, eaeh end every, sha11 be immediuely dtk and
payable, whether or not t6ere be notice, demand. attempt w collect or auit pending: and the fuU amount of each -
and every such payment shall bear intereat from the dnte thereot until pai~l at the rata ot ten per oentum per
aanum: and all said coets. charges and ezpenees so incutred os paid, together with wcA intereet. shall bs eecured by
the lieu of this mortgage.
6. That 1~1 in tl~e event ot any bre~ch ot thi~ mortgags or detault on ths part of the Mo~tgagor, or Ib1 in t6e
• evest any of said sums of money herein reterred to be not P~M~Y P~ within ten days ne:t aft~ t6e
s~me severdly beeome due and payaWs, witbout demand or aotice, or !cl ia the event each and every t,Ls stipnlations,
agreemsnts. conditions and ooveoaats of ~aid promissory note and this mortgage. any ar eftber. ars not duly.
PromPttY aad tuUy pertormed. diseharged. e:ecuted. eftected. eompleted. oomplied ~rith ~nd ~b~ed by. thea. in eitl~
or any such event, the aaid aggreg~te sum mentioned in said promiesory ~ou then remaining unpaid, with interest
teerued. and a11 moneye secured hereby. shall become dne aud payabk forthwrith. or ti~ereafter, at the option of said
Martgagee. aa fultq and completely as if all ot tAe ssid saais of nomey were origindly atipulated to be paid on
such day. ~nythin~ in said promiasocy nota. aad ot in this mortgage w the contrary aotwithstanding and
thereupon or there~ft~ ~t the option ot a~id Mortgagee. witbont notice or damand sait ~t !aw or in equity.
theretotore, or tbe~iter be~n, may be prosscuted as if all moneys ascured becsby had matnred prior co its
instiwtioo. ~
7. That in the~ event tlut at the beginning of or ~t sny time pending any suit upon tsia tnortgage, or to foreclose
it, or to »torrs it, and/or to entoroe p~ymeat of aay cLims here~nder, said Martgagee ehall apply to the court
6aving jutisdietion thareoi tor tbe appantmant ot s Receiver. such oourt shall forthwith ~ppoint a Reoe~ver of seid
~6~8~ P~Y all and aingular. including all ind eiognlu the rents inrnme profits. iseua and roven~ee from
wlutever source daived, e~ch and eve+~y ot which, it being e~y understoed is henby mortgaged ae if
speeiScaUy xt ~torth and described in the Rranting and lubendum clauees F.ereof, aad anch Receiver shall have
all the brwd aad effective tuncians and powers in anywrise entruaud by a court to a Receiver, and ~uch sppointment
f shail be made by such court as en admitted equity and e matter of eb~olutc riRt~t to ~aid Mortgagee. ~nd writhout
: reference to tAe ~dequacy or inadeqwcy of the velue of tl~e property m~ortgap~ed or w the eolveacy or insolvency
' of said Mortgagor and~or ot the defendants, and that auch rents, profita, inoome, issue~ and revenuea sAaU be ~pplied
by such Receiver ~owrding to the lein andfor equity of said Mortgagee end the practice of euch ooaet.
_ .
i 8. lt is understood and egreed that this mortgage ia given W secure, in addition to tha note or oblig~tion
[ ~bove deseribed any ~dditiooai baa~ or tuture advances made wit1~ tw~ty ye~rs [rom date hereof by t6e mortgagee
< to said mo~tgagors or any weoesaor tn title of iaid mortgagon of the peoperty hereby conveyed: pmvided that the
~ total unp~id b~lance of the indebtednes~ secured h~reby a: any one tirne e6all not e:eeed the mazimum priecipal
` emo~n~ °t ELE ~E~N~~T~H/~~~jj~~
J~SAN4~~NL
I~~NE ~H NDRjFD 1 9 00 u'r"
9 Li~Rllf W WOVWOSWWl~ VV ~ ~_____________________`__W
~ f= 1. plus inte~eet • any ma b gee or the payment of tues. {evies ar ina~vance
~ on the property encumbered hereby. ~ith int~rest on sue6 disbursements.
~ IN WITNESS WHEREOF, the said Mortg~gor hae e:ecut~d thie matgage uadar eeal on the day and year t~e~ein
fir~t ~bove written.
~
~ Sigosd. ~led and delivued in the pr~aence of: ~/~~N~ ~
~
~ fSEALI
An ony e
~ (SEALI
~ Alice Pal
~ SfATE OF FLORIDA
sa. ,
- COUN7'Y OF 3T. LUCIE
~ a~ion ~e ~A,ny .p~.rea Anthonv., Pal erm~ and A1 i ce Pal ermo. hi s wi fe ~f
= 227 Carl Pl aCe, Paramus , N_ ~7652 ~
_ ~;~Y+~
= to me w~ll known and imown w ms to be ths individud.. descn'bed 'm ~ad who ~ecvted tb4 t~
aad acknowlsdged befon ms that .$,ba.y ~ecuted tAe wme for tbe p~uposes thersin
6 '-'t'~e~ ~ •Y
v wtTNESS my b.oa .na orrxLl seai ch;s 16th d,y ot MIaY ~t~`
. , • , , : _
Gg ` ~ ~v~~
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€ ths Ca " said.
~ Ca ~
. My oommiidon ~pfe+s~
~
~ b00lc~7~ FACf 984 March 8, 1982
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