HomeMy WebLinkAbout0768 E ~s~N~~~~
~06ER ~01TI1~t ~
~ CIERK CIRCUIT Cp~II~J~
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Auc 19 8 s~ AM'T6
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aiuui iuve ina up~iu~ w recwva anu •ppiy ~nr eaux un acc:uuu~ ui iix+ inueuwanese xtuteo nereoy or to pecmtt
uid Mortgagor to receive and use it or any part tAereo( tor other purposee without tl~ereby w~iving or impsiring
any squity, liea or rig~t under or by virtue o( t!?i~ mortg~ge; and in the rvent uid Mertgagor ~hall tor any te~son ~
tail to keep t,he ~aid premises ao insured, or faii to deGver promptly ~ny of eaid potieies of insunace w said
Mortgages, or feil promptly to psy tully any premium therefor, or in any respect fail to pertorm, disehatge,
e:cute, effect. compkte, comply writh end sbide by thi~ covenent, or eny psrt hereot, aaid Mortg~ges may placa and
psy tor ~uch insursnee or any pert thereof without wsiving or sffectinR any option, Gea, equity or rig6t undet or by ~
virtne oi thi~ mortgage, sad the full amount ot escA end every ~uci~ peyment 9haU be immediately due and p~yabk
and shaU be~r interest from the date tAereof unt~7 paid at tAe rate of ten per ce~tum per •anum and together writh
such inte~eat shall be secured by the li~ ot this mortgage.
4. To perntit, commit or eutter no waate, impairment or deterioratio4 of eaid property or any part thereot.
5. To pay all and aingular the rnata, cAar~s and ezpen~, including rea~onabk lawyer'a teee and co~t of
abatncts of title, utcurred or paid at• any t,ime by ~sid !~lortgagee becaux endlor in t~e event o! t!k feih~re on the
psrt o! the said Mortgager W dufy, promptly uid fuUy perfor~n, diecharge. c:pcute, eHect, oomplete, oompty with
aad abide by each and every the atipuLtana, agrecments, conditians and oovenenta- oi said promissory note, and
this mortgage, any or either, and eaid costs, chargee snd e:penxe, each nnd every, shaU be immedittely due and
payabk, whether or not there ~ be notice, demand, ettempt w collect or svit pending; and the full amount ot each
and every such payment shall bear intereet hom the d~te thereof unW paid ~t the rste ot ten per centum per
annum: end all ~aid coats, charge~ and e:penxa ~o incurred or paid, together with sucA interest, aAaU be ~ecured bv
the lien of thia mortgage. -
6. TAet Is) in the event ot aey bre~ch ot tAis mortgage or default oa the part of the Matgagor, ar (b) in the
• event ~ny ot ~aid sums of money Aerein referred to be noc prompcly end tully paid - wichin cen days nert after the
same severally become due and payabls, witbout demand or ootice, or Icl in the event each and every the stipulatione, ~
a8reements. eonditions and coveoants of said promie~ory aote and tl~is mortgage. any or either. ars not duly,
promptly and faUy perforn?ed, diecharged, ezecuted, eftected, compkted, complied ~rith and abided by, tben, in either
or any ~uch event, the aeid eggregate su~n mentioned in said promiseory note then remaining unpaid. ~rith intere~t
accrued, and aU moneya secured hereby, ahall beeome due and payabk forthwith. or thereafter, at tAe option ot eaid
Mortgagee, ss fuUy and completely ae if ell of the - said aums of nomep were originally etipulated to be paid on
such day. anything in said promi~aory note, and or in this mortg~ge to the contrary notwith~tanding; and
thereupon or thereaher at the option ot ~aid Mortgagee, without notice or dsmand, auit at law or in equity,
theretofore, or thereafur begun, may be p~osecuted a~ if all money~ aecvred hereby had matured prior to its
inatitution.
7. That in the event that at the beginning of or at any time pending any suit upon thi~ mortgsge, or to forecbse
it, or to reform it, and/or to en[orce pay~nent o[ any ctaims bereunder. said Mortgages ehsll ~pply to the conrt
having jurisdiction thereof for the appointment of e Receiver, auch court shal! forthwith appoint a Reoeivar of asid
' mortgaged prnperty aU and singular, including aU end ~ingular the rcnt~ income profita, iesuea and i~evenuas trom
! whauver source derived, e~ch and everv ot w~ich, it being ezpceesty understood is hereby mortgaged ae if
~ specifitally set fortb and dexribed in the Rranting and habendum clau+es h~rc•of, and iuch Receivar ~ha11 have
r all the broad and etfective functiona and powrers in am w~ix entru~ted by • court to s Receiver, and such appaintment
~ ahall be made by auch court as an admitud equity and a matter of ab~olute : iQl.t to said Mortgngee, and without ~
reference to the ~dequacy or inedequscti ot the value of the property mortRaRed or to the solvency or ineoivency
~ of said Mortga~or andlor of the detendants, and that such rents, profita. income, iaaues and revenue~ ehall be applied
by auch Receiver scrnrding to the lein and/or equity of said Mortgagee and the prectice of such aourt.
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~ 8. It is underatood and agreed that this mortgage is given to secun, in addition to the note or obligation
~ above described any additional bana or future advancea uiade within twenty yeara trom date hereof by the matgagee
~ w s~id mortg~gore or any eucceaeor in t':tk of enid mortgagora of the
propatY heraby convayrd: praveded tlsaL the
~ total unpaid balance of the indebtedne~~ secured hereby a: eny one time shall not e:ceed the meximum princip~l
~ amountot TEN THOUSAND FOUR HUNDRED TWENTY (~10,420.00)--------------------~~
~ (t 1. plus interest thereon ~nd any di~bursemente made by the mortgagee for the peyment ot tues, levies or insurance
~ on the property encumbered hereby, with intere~t on euch disbnrsemenb.
~ IN WITNESS WHERF.OF, the said Mortqtgor has ezecuted thia coortgage under eed on the day and yesr herein
~ first sbove written.
~ Signed, sealed and delivend ' the presence ot:
~ _ .
~ ~ ISEALI
~ ar ~n,
~ 13EAL1
a . au n
~ STATE OF FLORIDA
= ss.
w COUNTY OF ST_ LUCIE -
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~ Betore me per~onally appeered _ Edward Wm. Paul i n and Jane Y Paul i n, hi s wi fe of
~
756 Waterwav~~ Nnrth Palm 6Qar_h~ F1 ~~40R
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z~ to ms wsll known and fmown to ms to be tbs individuaLS desa~bed 'm ~nd wbo szecuced the •
~tltment,
~ and aeknowleclged bsfore ms th~t .t6s.3/. ezecuted ths same for tbe purposee therein e:praas~ r:,• ~
~Y - y;;~_4-: . / `
~ wi~ss ~y e.sa .na or~ ~ cn~ 15th a.y or August ~ ~ • - .ie ~ =78
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~ ' 0 A N°t~' inad; ~ t,
~~~~~293 FACE 767 `h° _ • ~ .
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