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shall havs the option to receive ~nd ~pply the s+~me on sccount of the indebtednssa secured her+eby o~ W pennit
a~d i'.i„tra -.-ur i:, :v::e::s zc::: •~_r..r s.,. ..s?,~. ..;siur.c ~hra6v w~ivint or imoairinY
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any equity, lien or right under or by virtue ot thi~ mongage; and in the event ~id Mortgagor ehaU tor any ~son
tsil W kesp tha said premise~ so insured, or fail to delive~ prompUy sny ai a~id policies of insunnos to s~id
Mortgages, or fail promptly to psy fuUv any premium thentor, or in eny re~pe~ct tail to perlorna, descharge,
e=cute, effect, compkte, comply +vith and abide by this covenant, or am• part hereot, aaid Mort~Ree may plaoe and
psy for aucA in~ur~nce or sny p~rt thereof without wai~•ing or attectinR any option, lien, equity or right under oi by _
virtue ot thia mortgage, snd the fuU amo~nt ot e~ch aad every euch payment shaU be immediatety due and pay~bk
and ahaU bear itrteroet from the date thereot until paid et the rate of ten per centuen per annum ~nd together rrith
s+~eh interest ~hsll be ~ecured by tbe 4en oi this caortgage. ~
4. To permit, commit o~ aufter no wa~te, imp~irmeat or deterioration ot said property or any part thereot.
S. To pey sll a~ ~ingular the costa, charqee and expe~aes, includinq reaaonabk lswyer's fees and coet of
sbst~ecte of titk, iacurred or paid st• any time by ssid Mortgagee becau9e andlor . in the event ot the teilure on the '
part of the ~aid Mortgagor w duly, promptty and fulty perfortn, diseh~r~e, e:ecute, eHeei, eompl~e, oomply witA
end abide by each and every thP stipuLtione, sgreemeate. conditaos and covenents ot said promiseory note, and
thia' mortgage, sny or either, end eaid co~t~, cherges and e:pen~e~, e~ch and every, shall be immediately due and
paysble, ~vhether or not there be notice, demand, ettempt to cotiecc or suii pending: and itw tut~ amoi:nt af earh
and every ~uch p~yment sliaU bear intereat from the date thereof until paui at the rste of ten per centum per
~nnum: and ell said cost~, chargea and e:peaxa ~o incurrrd or paid, together wit~ ~uch intareat, ahall be secured by
the lien of tAi~ mortgage_
6. That Ial in the eveat of any bre~ch of tRis mortgaga or default on the part of the Mottgigor, or 1b? in the
• event ~ny of eaid auma o[ money herein referred to bs not promptlY and fully paid writAin ten daye nezt ~Ete~ the
same severally beoome due and payabk, witho~t demand or notice, or tc1 in tAe event each end every the etipul~tions,
agreements. ooaditions aod rnvenants of said Qromiasory uote and this matgage. eny or either. are not duly.
prompdy and fully perforened. dixharged, e:ecuted. effected: oompkted, rnmplied with ~nd ~bided by. tl~ee. ia eitha
or any auch event, the said aggregate aum mentioned in aaid promiseory note then remaining unpaid, with interest
accrued, and all moneys secured hereby, ~hall brcome due and payabk fortbw~ith. or thereafter, at the option of aaid
Mortgagee, ss fiiliy end comptetety if all of tt~e said auma of nomey were OR~U1~Uy stipuLted to be p~id on
such day, anything in said promiesory Twte, and or iu t6i+ mortg~ge to the contrary notwithstanding, u~d
thereupon or thereatter at the option ot eaid Mortgager. without notice or damaad. auit ~t law or in equity.
theretofore, or there~her begun, may be prosecuted ae if aIl moneya xcurect 6ereby had maturod prior w ita
inaututioa.
7• Tkat in the event that at the beginning ot or ~t any time pending any suit upon thie mottgege, or to foreclwe
it, or to reforn~ it, and/or to eniorce p~yment of any claims hereunder, ~eid Mortgagvs ahsU apply to the court
6aving juriadiM'ao th~eof for the appointment of a Receiver. suc6 court shall forthwith appoin't a tteoeiver of eaid
mortgaged property sll ~nd ainpluler, including all and singuiar the rent~ income P~ofice, iasues and rcvenuee from
whatever source derived, esch an~ every of which, it being ezpresely underscond is hereby mortgaged as if
specificaUy ~set torth and dexribed in the Rranting and habendum cleuses t~rr~of, aod euch Receiver shall have
all iht broad and effective functiona and powers in anywise entrusted by a court to a Receiver, and such eppointment
~hall be made by euch court ae en admittcd equity end a metter of ebeoluG : iQt.t to said MortptaRee, and without
refetence to the adequecy or insdequacy of the value oi the property mortgaRed or to thr eolvency or inaolvency
of aaid Mortgagor andfor ot the defendants, end that ~uch reat~, profita, income, issue~ and revenues shall tx applied
by such Receiver aceording to the lein sndror equity of aaid Mortgegee and the practice of ench oourt.
8. It ia uoderstood and egreed that thie mortgage is given W secure, in additan to the note or obligation
~bove deecrebed any additional,loana or ~ture sdvsnces made within twenty years trom date Aereof by t6e mortgegee
to s~id noortgagore or-any aucceaeor in title ot eaid mortgsgon of the p~operty hEreby wnveyed: pmvided t}~t tbe
total unpaid balance of the indebtedne~ secured hereby s~ sny one time shall not e:ceed the mezimum principai
amount ot SEVEN THOUSAND SfVEN HUNDRED (7,700.00) vo~
It plus intsrest thereon snd any diabursementa made by the mortgagee for the payment of ta=es, leviea or inaurance
on the propPrty encumbered hereby, with interest aa auch disbursement~.
IN WITNESS WHEREOF, the said MortRagor hae e:ecutrd this mortgage.under eeal on the day end year herein
first ~bove written.
Signed, se~led and delivered in the presence of: ~
IS~ALI
ry e en ,
EALI
STATE OF FLORIDA Ethei C. Richeisen
a~.
COUNTY OF 3T. LUCIE
Before ine per~oneUy appeared Nenry Richelsen and Ethel C. Richelsen, his wife of 4040
Eola Ave . Titusvilie, FL. 32780
to me well known .nd Imowe to me to be the individual.. Sda~eaibed in and wbo ~ecnted .the toceaoin8. mst~meat,
and teknuwlsdged before ms tlut ~,be~?., e:ecvted cbe same for tAe priupoeee therein e:pressed. ;
WiTNE3S my hend and ofncW ss~i this 5th day ot ~U/1B 7~
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