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c~ ~aR c~acu~t C A
. 1rn c~ED .
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~1.52'73
shall have tM optan to receive and apply the same on account of the indebtedness secured hereby or w permit
said Mortgagor to receive and uee it o~ any p+~rt thereof tor other purpoees wi~Mwt thereby ~vsiving or impsiring
aay equity, lien o~ right under or by virtue ot this mortgage: and in the cvent eaid Mortgngor ahaU (or aay re~son
(ail W keep the eaid prnmi~e.+ eo inaund, or tail to deliver poomptly any ot iwd policies ot insun~ce W said
Mortgages, o~ tai) pmmptly to pay tuUy any Exrmium theretor. or in any re~peet fail to pe~torm. diecharge.
e:cute, eftect, complete, comply ~vith end ebide by thi~ covenant, ar em• part hereot, ~id MortRagee maq plaoe ~nd
pay tor ~uch insurance or any part thermf ~vithout ~vaiving or aft~+ctinQ eny option. tien, equity ot r{ght uoder or by
virtue ot thi~ mortgage. end the full amount oi each aad every auch psyment shaU be ima?ediatelv due and p~yabk
and ahsll be~r interest from the date thereof until paid ~t the reu ot ten per centum per annum end togetAe~ aith
such interest ~hall be xcured by the licn of this mortgaqe.
To permit, commit or suffer no wsate, imp~irment or deteriorstioA of aaid property or any part thereof.
S. To pay sll snd singuler the coat~. char~ and e:pensea, includinR re~~oneble lewryer'~ feee and coet ot
abat~acts ot title, incurred or paid et• any time by said Mortgaqee becaux nnd/or in the event of the failure on the
p~rt ot the said MortRagor to duly, promptly and tuUy pertorm, dischvge. e:ecute, effect, compkte, comply with
and ~bide by each •nd _ every the etipulatans. agroements, cottditione ~nd covenant~ of eaid promiesory note, and
a.~ r=ss ~h~.~: ++A n:~~~ ~rA er~r! :vsrr ~ti.~!! h~ eewie•_~ie!~v eh~w e:et~
`a`nu utvitKaKe. 8i~j °v: °o,...o.. .s....
p~yebk, whether or not therc~be notite, demand, attempt to collect o~ auit pendinR; snd the fuq ainount of each
and every such p~yment ~AaU bear intereet from the dste thereof until psid at lhe rate of ten per centum per
annum; and all said costa, charge~ and ezpenae~ so incurred or paid, toRrther with auch intereet, shali be eecured by
the lien ot thia mortgege.
6. That 1~) in che eveat of any bre~ch ot thi~ mortg~go or deisult on the part of the Mortg~g~or, or (b1 in tbe
• ev~t any of said sums of money herein rsferred to be not promptly and fully paid writhin ten d~ys ne:t atter the
~ame severally become due end p~yable, witlwut damand or notice, or Icl in tt~e event each and every the stipul~tions.
agreements, coaditions and covenants of said promissory note and this mortgage, any or either, are not duly.
promptly and tutiy performed. dixhu6ed. e:ecuted, effected, complet~d, rnmplied with ~nd abided by, then, in either
or any such event, the said aggreq~te aum mentioned in uid promiaeory note then remsining unpaid, with intereet
~ccrued, and all moneys eecured hereby, ~hall become due and paysbk foschwrith. .~r thermafter, at the option of said
Mortgegee, as tully snd compktely as if all of tt~e said sume of nomey were originally atipulated to be pRid on
soch day, anything in said promissory ~ note. ~nd or in this mortgage to che contrary notwithatanding: end
thereupon or there~fter at the optan of said Mortgagee. without notice or damand, suit at la~v or in equity.
theretotore, or thereaftsr begun, may be proaec~ted as if all moneya xcured hereby had matured prior to its
inatitution.
7. That ia the event that at the beginning of or ~t eny tune pending any 9uit upon thia mortgage, or to forecbse
it, or to reform it, end/or to enforce payment of any claims hereunda. said Mortgagea ehall apply to the court
6aving juriediction thereot for the appointment of a Receiver, such courc ahaU forthwith appoint s Receiver of said
II mortgaged property aU and aingutar, includiag all ~nd sin~lar the renta income profita, iasues end revenuea from
whatevet ~rce derived, asch end every of ahich, it being e:preasly unders[ood ia hereby mortg~ged ae if
! specifically set forth and described in the Rrsntinq and habendum clauses h~reof. and euch Tteceiver ~hell have
~ all tlie brosd snd effective functiona and powrer~ in anywise entrusted by a court to a RecPiver, and such appointment
~ ~hall be msde by such court a~ sn admicted eq~ity end s matter of ab~olau : iAt,t to said MortRsgee, snd ~vithout
~ reference to the edequ~cy or inadeqvacy of the value o( the property mort~taRed or to the eolvency or in~olvency
of said Mortgagor andlor of the defeadants, end thst auch renta, profita, income, issuee and reveauee shall be applied
j by auch Receiver according to the lein andior equity ot ~aid Matg~gee and the practice ot ~ch oourt.
8. It ie understood and agreed that thie mortgage is giv~ w secure, in additan to the note or obligation
sbove desuibed any ~dditanal loans or [uture advances aude within twenty yesre from date hereot by tAe mortgegee
to aaid mortg~gore or any eucceeeoT in titk of said mortgagors oi the property Aereby rnnveyed; provided thd the
~ total unpaid balance ot the indebtedneas secured hereby aL sny one time shall not ezceed Ne ma:imum principal
amount ot FIVE THOUSAND SEVEN HUNDRED FORTY TWO (5~742.00) ~~s
(i 1. plu~ ieterest thereon and any di~baraement~ made by the mottgagee for the payment ot ta:es. {evies or inaursnce
on the property encumbered t~ereby, with intereat on euch di~bursemente.
IN WITNESS WHEREOF, the said Mortgagor hse e:ecuted thia mortgage under seal on the day en~ yeer herein
fvst above written.
~ S' ~nd he presence ot: G.'~~
~
ISEALI
o urpie -
~ ISEALI
ar ara nn urpie
~ STATE OF FLOR(DA
sa.
COUNTY OF 3T. LUCIE ~
~ Betoreme ~n,uy.p~.rea _~ohn M. Turpie and Barbara Ann Turpie, his wife of
~
~ 320 Riverside Dr. , Palm Beach Gardens, FI,.,, 414
~ _
~ W me weU known and Imawn to~e W be the individuals. des~zibed 'm and wbo s:ecvted CIM; ~.14stevm~t~
~ and ~eknowledged bstare me that. F.bey. e:scuted the same for tbe p~uposss tha~ein e=pres~ed. : .
~ . =
~ wITNESS cny h.oa .na offi~~l se~! cw, 9th ~y oi July j~':. •_.i`-78~
~
~ ~ ~y.
~ x°c.~ ~st~,~p •tq,,-`,,.
~ che coancyt sdd 9tjfa rJ?toe~eaid. ~ .
~ ~ .
BOGI!l..~7~ FAr,~ My ooa~mission espires:
~.p.s. t~-- a _ 1'-'14
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