HomeMy WebLinkAbout0265 ~~E COY~T~ F~ A
O+ER P01TR11S
r,c.a :CUIT CC~R
c~rn
StF I Z 8 39 AN'7R •
416~3~
shaU hsve the opteon to receive and spply the same on eccaunt of the indebtrdi?ees securod fiereby or to permit
atid MoKgagor to receive sn~ ux it or •ny p~rt thereof tor otAer purpo~ without thereby ~vaiving or impsiring
any equity, lien or right under or by vutue ot t~i+ mortqsqe: and in the event +aid Mortgngor ahall tor sny ~aon .
fai! to Iceep t,he aaid premiae+ ~o in~ured, or fail to deUver promptly sny ot eaid policiea of ineur~noe to ~aid
Mort~gee. or tsil promptly to pey tully any premium therefor, or in eny re~pect fsil to pertorm, dixhar~e,
etcute, effect, compkte, comply w~ith and ahide by this covenent, or an~• Fu?rt her~f. said Mo~tqaRee msy piece ond
psy for ~uc~ inaurante or sny part thrreof without weivinR a~ affectinK ao~ option, lien, equity or right under or by
virtue of this mortgage, and the fuU nmount ot each and eeery auch payment shall.be immedia~ely due and psyab(e
and ~hall beer interest from the date thereot until paid at the rete o( ten per centum per annum and toRrther w~ith
such intere~t +haU be xcured by the lien of t!?i~ mortReAe. ~
4. To permit, commIt or ~ufter no ~ve+te, impeirment or deterioratioa of said property or sny part thereot.
5. To pny eU and SinRular the co~ta, charqes and e:penaea, includinR reawnable leayer'e leee and co+t oi
aAstrecte of title, incurred or peid et sny time by said Nor:gagee because and'or in the event of the failure on the
part of the ~aid Mortgagor to duly, promptiy end fully ~ItOR11, dlDCIIAfRC. (;F'fllCf', effect, complete, comply with
and ebide 6y each and every the atipulation~, agreemente, conditions and coveoent~ ot said protnieeory note, and
thie tnortgsqe, eny or either, and saed co~t~, chsrgee and e:~emes, eacA and eeery, ehall be immediatelv due and
payeAle, whether or not there be ootice, demand, ettempt to collect ot suit pending: and the fuU nmount of each
and every ~uch payment shall bear interc~t from the Qate thereof nrtti! peid et the rate of ten per centum per
ennum; aed all ~aid co~ts, charge9 end e:pen•.a so incurred or paid. toRether with s~ch intere~t. shaq be ~ecured bv
the lien of this mortRage. ~
6. Tf~et (s1 in the event of aey bro~ch ot tAis mottgage or deisult on the part of the Mortgagor, or Ibl in the
• event any of said ~uma ot money hertin reterred to be noi promptly and fully peid .ritl~in ten d~ye nezt after the
same severally become due and payable, without dea?and or notice, or Icl in the event each and avery the stipulations,
agreemente, conditione and covenRnta of eaid promiaaory oote and this mortga~e, any or eith~, are not du1y,
promptly snd futly performed. diecharged, e:ecuted, effected, completed, complied with and sbided by. ihan, in either
or eny such event, the seid e~egate sum mentioned in ~aid promi~~ory note then remaininq unpaid, w+ith interest
eccrued, and all moneys seeured hereb~•, shall become due and peyable fosthwith. o~ chpreafter, at the opLion of said
Mortgagee, se fully end completely •s if all of the aaid ~ums of nome~• were orig~nal~y etipuieted to be paid on
such day. anything in ~aid prorrii~sory note, ~nd~ or in this mort~~e to tha contrary not~vith~tanding: and
thereupon or thereafter at tAe optan of ~aid Mottgagee. xithout notice ~r damend. ~uit at taw~ or in equity,
theretofare. or thereafter begun, mey be prosecuted •e if all moneya xcured hereby had matured prior to it~
inetitution. •
7. Thet in the evenE that st the beqinning of or at any t~me pending nny suit upen thie morcKaRe, or to foreck,~e
it, or to retorm it, and~or to enforce paymertt of any claims hereunder, said !~tortgages ehaU apply to the court
having jurisdiction thereaf far the eppointmeni of e Receever, auch court ~haU forthwith appoint s Receiver of said
mortgsged property all snd sinRular, includinR ail snd einguler - the rent~ income pmfits. issuea nnd revenues from
whatever source derived. -each and e~~erv of whicA. it being e:preasty unders<<r,d i+ hereby mortgaged aa ii
speci6cally set forth and dexribecf in the r,TrnntinR and hebendum clnu~es +~~rcof, and such Receiver shall heve
all the broed and effectiti•e functiona and powvr~ ~n env.vi~e entrusted by a court to a RecPiver, end such sppointment
ehall be mede by such court a~ en adtru:te.i s~quit~ end a mstter of eb~olut•-• riR!„ u, said NortQa~ee, nnd w~thout
rnference to the adequscr or inedequac>• ~f the valuP of the propetty mortqay~r~d or co the eolvency or inso{venc~•
of said Mortgagor andlor ot the dPfendents, and that auch rents, profits, income, isaae~ and re~~enues ahap be applied
by such Receiver ~ccording to the lein and,or equity of said MortgaRee and the practice uf sucA oowrt.
8. It is underetood and egreed that thie mortgage is given to secure, in addition to the note or obtigation
abave deecribed tny additional loena or fvtnre advances made within tw+enty years fram date hereof by the mortgsgee
to ~tid mortgagoro ot eny aucceaeor in title of eaid mortgagore ot the property hereby conveyed: provided thet the
total unpeid belance of the indebtedness aecured hereby at any one ticne shall not eueed the mazimum principal
amouncot SIX THQUSANO SIX HUNDRED F~RTY (6,640.0~~ ~~~s
1= 1, plue intereat thereon and an~• disbuisemtmts msde v the mortgagee for the payment o a:e~, levies or insurance
on the p~operty encumbered hereby, with intere~t on ruch diabureements
I:V WIT~iESS WNf.REOF. -the said MortgaRor hee executed ihis mortRege ander eeal on Lhe dav and vear hereia
fust above written. ~ -
Signed, eealed and delivered in the presence of:
~ ' ISEALI
1 01" ~
lSEAL1
STATE OF FLORIDA Gloria J. - andiford
ss.
COUN7'Y OF ST. LUCIE '
Before me personaUy ~ppeared Horace J. Sandi ford ~nd Gl ori a J Sandi forc~,~.ij s wi fe of
38~1 Edinboro NW_ Grand Rapids MI _49504
to me weD Icnown aad imown to me to be the individwl.S deeaibed in ~nd ~vho e:ecuted Lhe lore~ing i~ap~~~
and icknowledged before me that .~.heJf. e:ecuted the eame for Ne p~Qpoaes therein e:preesed.
WITNES3 my h~nd ~nd official sed thie ~ day ot ~ -
~
Notary Publ;c ac: fd~-. -
ths County end St,sEe./uo[~id-
. L ~GS ~ V'Z F;(;: z~5 My oommiesion e: ires:. •,r .
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