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Home My WebLink About0233 ~a ~ce~dEu iT.ILC~f COWITI' f~A. ROCE4 POITRIIS ^~ER~I C ~CWT C01, ~ - - . ~ ~ ;co s~P i t a 38 aH ~1~ 416'716 ahall have the option to receive and epply ihe +eme on nccount o( tAe indehualneas secured hereby or to pernut said MortgeRor to receive snd u~e it or sny part thereot for othe~ purpo+es w~itAout thereby ~reiving or impairing any equity, lien or riRht under or by ~~irtue at thi~ mortKeRe: and in tha event ~eid M~rtQa~r eheU tor any re~eon fail W keep the said premise+ so insurecl, or fail to detiver prompcly en~• ot eaid policiea o( insurance to ~aid MortgaRee. or fail promptly to pay fully env premium therefor, or in any respect feil to perform, di~cAarge. eicute, effect, complete, comply with an~ ahide b}• this covenant, o~ am' part herMf, ~sid Mortga~ee may plsce •nd pey for sucA in.rura~ce or eny pert thereof without .ve?~•ing nr affeccir.K ur.y option, lien, equity or right under or by virtue of thi~ mortgage, and the fuq amaunt oi eech end pvery auch pavrnen! shell be immediately due and p~yeble and s1uU bear intereet from the date thrreot until paid st the rete ot cen per crntam per annum and to~ther writh ~uch interest shall be ~ecured by the 6en ot thia mortgaRe 4. To permit, c~nmmit or ~uffer no w~s~te, impairment or detenuratioa of said p:operty or sny part thereof. 5 To pey sU snd ~inRular thP cost+, chsrRe~ nnd e:pen+es, includinR rea.oneble le~vyer'a tcee end cost ot ebatracte of title, incurred or pstd at• any time b~• ~aid liortgagee becau.4e and or i~ ihe event of the feilure on lhe part ot the said Mortgagor to duty, promptly snd fully pertorm, dixharge e:~cuce, efiect. complete, rnmply ~vith and abide by each and every the ~tipulacio~~, aqrnamente. rondi[ion~ and covenent~ ot said promiaeory note, s~d thi~ mortRaRe, eny or either. and vaid co~t~, cherRee end e:peo+ea, each end Pvery, ~hall be immedietely due end psyable, whether or not there be notice. demand, atterr,pt to collect or suit pendinK: snd the full amount of eacA end every such psyment shaU bear intere+t from the dete thereof until paid at the rste nt ten per centum per snnum: and afl said cost~. chsr~ and e:penee~ vo incurred or paid, together with such mtere~t, shaU be ~ecured by the lien of this mortg~ge. - 6. That fel in che event of any b~ch of thi9 mortgage or detault on che part o! the Mortgagor, or Ibl in the - event any of said ~um~ ot money herein reterred to be not prumptly and fully paid ~vi~hin ten daye rtezt aher the same ~ecerally become due and payeble. xithout demsnd or notice, or Icl in the e~•ent each and e~ery the stipuLtion~. aRreements, eonditiona snd covenanc~ of xid promis~orv note and t2ue R,ortp~n~r, nny or either, are not duly. . promptly end fuUy performed. di~chsrged, e:ecuted, effected. completed. complied writh ~nd abided by, then, in either or any such event, the~ said sgRre~tate aum mentioned in said ptomis~ry note then remeini~R unpaid, w~ith intere~t accrued, snd aU moneys secured hereby, shsll become due snd peyable fortF~R1LT! J! thereafter, et the option ot said NortqaRee, es fully and completely es if aU of the said euma ot nome}• wPrP originnlly atipulated to be peid on ~uch dsy. anything in said promis~ory note. and or in tAi~ mortgaRe to ttee contrary notw+ithatandinR and , thereupon or thereetter at the option ot ssid MortgaRee, xithout r.~~tice or damand, yuit et Isx or in equit~, theretofore, or thereafter begun: msy be proaecuted a~ it all money ,ecured heraby had matured prior w ita inatitution. 7. That in the e~•ent t1~et at the be~tinrunQ nf or et any time pending eny ~uit upon thi~ mortgaQe. or to toreclox ~ it, or to reform it, and~or to enforce payment of am• claim+ hereunder. .aid ~1or:~eRes shatl apply to the court ! h~ving juriadiction thernof for the appointment r,f a Receiver. ~uch court sha11 tnrthwrich appoint e Receiver of said . ! mortRaged property sll end vinaular, incfudinR all snd ~ittqular the rent~ income prafits, i~sue~ and revenue~ from ; wrhatever soume derived. each end evPrv of which, it be~ng e=presely under4~~d is hereby mortqaged se it ; specificaUy ~et forth nnd de~cribed in the Rrsnt~nR end hebendum clau+e~ F~rraf. and such Receiver ehaU heve ; aU the broad end Pftective function~ end poaera in enywise entrusted by a court to a Recei~er, and such eppointment f ~hnll be mede by ~uch court e~ an admitt~ri c~uity end a metter of abx>lut•= : iA6t to 9aid MortRaAee. and without ~ reference to the edequacy or inadequac} ,~f the valuP of ~the property mortRay;eci or to the solvency or in~ol~•ency ~ ot said ylorLgeRor endor o( the defendents and that 9uch rents. profits. income. ~esue~ and revenues ehsll be applied by auch Receiver according to the lein and'or equity of said MortgaRee and the prnctice of ~utA oourt. i y ~ 8. It is understood and eqreed that thia mortgage i~ given to secvre, in additian to the note or obligation sbove deacribed any sdditional loe~s or future advancea made rvithin t~eenty yeare from dete hereof by the mortgagee to ~aid mortgagore or any succeseor in title of eaid mortgagore o( the property hereby convey~ed: provided that the ~ total unpaid balance of the indebtedness secured hereby aL any one time ~hail not ezceed the ma:imum principal ~ amo~nt of THREE THOUSAND FIVE HUNDRED ( 3~ 500 .00) bot~rs It t. plu+ intereat therr•on end am• disbursemente made by the mortRt?Ree for the payment of tazes. levie+ or innuance ~ on the propelty encumbered hereby, with intere~t on such di.bureement~. ~ IN KITNESS WNEREOF, the said tilortRsRor hae e:ecuted this mortgap~e under aeal on the day and year herein ~ fvst sbove written. ~ - i~ Signed. ~ealed and delivered in the preaence ot: i"~ ~ { . - - ~ ISEALI = oy o . - ISF.ALI SfATE OF FLORIDA 99. COUNTY OF ST_ LUCIE ~ Roy A. Malott of 4800 Archer Ct., Titusville, FL. 32780 3 Before me per~onall_v eppeared $ 3 . ~ ,P~, to me well lcnown and Icnown to me to be the individuel... deecribed in snd ~rho w=ecuted the forego~ t, .ii . ' _ ' . and scknowledqed betore me thet ....he.... ezecuted the eame foT the purpoeea th~ein ezpreaaed. ?5 WI'TNESS my haed and officul sesl thi~ 1St dsy ot S , .~A ~ • w~ Jj . ~ _ ; ` J '•l. ~ l T ~~~.s~ ~ ~ . Notary Public i~ ina (4i•;_ 8001( ~~4 ~ thc Conoty end Sta[e ~A[oriiaid: - ~'~f ~rt7 J . My~qommieaion e:pira~: i # r . , , r?: t, . _ , , . - - - - _ i : _ c-- - - r . ~ - , . e _ ~ F ~_~r~ k . -~4,..~.-.~".... _ . - t~s~.H;