HomeMy WebLinkAbout0964 f lED ANO NECU!+UEU
i~ IUCIE COUNtr F~~
ROGLp ~QI~R~S ~
CIE~~ ~~~~:t~TCOURT
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419014
sha11 h~ve the option to receive ~nd epply the same on account ot tAe indebtedaess secured hereby or to permit
said Mortge~ to ~ereive ~nd use it or sny p~K thereo( tor otAer purpcaes without tbereby waiving or imp~iring
any eqnity. lien or right under or by virtue ot tAi+ mortgege; end in tl~e event said MortgyRor ~Mll tor any ieason
fail to keep ~he said premises eo inaured, or fail to deliver promptly any of eaid policies of insuranoe w eaid
Moctg~gee, or tail promptiy to pay fuUy any premium therefo~, or in ~ny respect fait to per[orm, discharge,
e:cute, et(ect. compbte, comply w~ith and ehiae by thia covenant. ~r any part her~of, ssid Mortgsgre mty place and
pay for ~uch inaursnce or any part thereof ~without wraiving o~ ettertmK any option, lien, equity or rigAt under a by
virtue ot tAis mortg~ge, snd tbe tull smount of each end every auch payment sheU be immediately due and payabk
aad shall beer iaterest from the date thereot until paid at tAe rete ot ten per centum per annum ertd togetAer with
suct~ intereat ~haU be ~a~cured by the lien ot thie mortgage.
4. To permit, commit or euffer no waste, impairment or deterioratioa of ~aid property or any pert thereof.
5. To pay all and aingular tAe coste, cMrqes end e:pen~es, includinq reasonable la~rye~'s feee end rnat of
ab~tracts of title, incurred or peid at• eny time by ~aid Mortgager becaux nnd~'or in the event of tAe tailure on the
p~rt of the said Mortgegor to duiy, promQtly and fully peKtorm, dixhuge, ezecute, eNect, compkte, oomply wich
and ebide by each an~ every the etipttlationa, agreemeata, conditione and oovenent~ ot eaid promiseory note, and ~
thi~ mortgaRe, eny or either, and said co~ts, chargee and e:penses, each end every, ahall be immediatdy due and •
psyabk. ~vhether or not tbete be aotice, demand, ettempt to rnUect ar suit pendinR; and the full smount of each
snd every such payment ahsll bear inte:eet from the dste thereof until peid et the rate o( ten per centum pet
annum: and all aaid costa, char~ and e:penx~ so incurred o~ paid, togrther +aith auch intereat, shall be eecured bv
the lien of thie mortgage. '
6. That Ia1 in the event of any bre~ch of this mortg~ge or dehult on the part of tAe Mottgsgor, or (b! in tAe
- event aay of said sum~ of money Aerein reterred to be not promptly and fully pRid wi~hin ten daye ne:t att~ tAe
ume severally become due snd payabk, without demand or ~tice, or Ic1 in the event each and every the stipulationa.
agreemente, condition~ and rnvenanta of xid promissory aote and thie mortgage, any or either, ue not duly.
promptty ~nd fuUy performed. dischar~ed, e:e~cuted, effecied, compkted, complicd w~th and abided by, then, in eitber
or any euc~ event. the said ~g~egete sum mentioned in said promissory note then remaining unpaid, with intereat
eccrued, and sll moneya ~ecured heteby, ahall become due and payable forchw*ith, or thereafter, et the option ot said
Nortgagee, as fully and compktely s~ it sll of the said suma of nomey were originaUy stipulaGed to be paid on
sucA day, anything in eaid promiaeory note, and or in this mortg~e w the contnry noi~rithatanding, and
thereupoe or thereafter at the option ot said Mortgagee, w~ithont notice or damsnd. ~uit at law~ or in equity,
theretofore, or thereafter begun, may be prosecuted as if ap money~ xcured hereby had matured prior to ita
institution. ,
7. That in the event th~t at the beginninq of or •t any time pending any 9uit upon tAia mortgage, or to forecbse .
it, w to reform it, andlor to enforce payment of eny claime hereunder, said MortRagee ahaU appty to the court
heving jurisdiction t6ereof tor the appointment of a Receiver, euch court nhall forih~eith appoidt a Recaiver of eaid
mostgaged property all and singuler, induding aU snd singutar the rents uuome protite, iseuee and revenues from
whatever source derived, each and every of ~rhich, it being ezpreeely underscood i~ hereby mortgaged as if
apecifically xt forth and described in the Rrenting and hsbendum clau~es h~reot, and such' Receiver sha11 Aeve ~
eH the broed and effective turtcteona and pow~ers in anywi~e entrusted by • court to a Receiver, snd such appointment
shaU be made by ~uch court es nn admitted equity snd e matter of abaoluts~ : iRt,t to said ~lortgagee, and ~rithout
reterence to the adequacy or inedequacy of the veluP of the propetty mortgeRed or co the solvency or ir.solvency
of said Mortgeqor and!or of the defendants. and thet ~uch rents. profita. income, issuea and tevenuee ehall be applied
by eucA Receiver according to the lein and'or equity of said Mortgagee and the practice ot euch oourt.
8. It ia underotood ~nd agreed that thie mortgage is given to secure, in addition to the note or obiigation
above de~cribed any additionel bens or fature adv~nce~ made wit6in twenty year~ from date hereof by the r~rtgsgee
W said mortgagore or any succes~or iA titk of said martgagore ot the psoperty hereby conveyed: provided thet tha
total unpaid balance ot the indebtedness secured hereby s: any one time sAall not e:ceed the mazimum principal
amounc ot $EV~N THOU~SAND S~VEN HUNDRED TWNETY TI~?O (7,722,00) oouars
fi 1, plue intereet t ereon an any d!s xments made by the rnortgagee for the psyment of tazee, levie~ or insurance
on the property encumbered hereby, with intereat on aueh disburoements.
tN WtTNESS WHEREOF, the said Mortgagor hae ezecuted this rtwrtga,g~e u~er eeel oa the dey and year herein
fv~t ebove written. i
+~n G he ce of:
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J ISEAL)
!`L! ~ ' ~ ~ fSEAL1
/ ' , _ G- ~c.~. l. ( << ~ _ a ren C . eyno
STATE OF FLOR~DA ~ J
COUNTY OF ST. LUCIE
aer~ ~~,~,,.vy .p~.~a Mi chael J. Reynol ds , Jr. and Karen C. Reynol ds , hi s wi fe of
2505 S. Plantation Dr., Melbourne, FL. 32901
to me wali known and knowe to ms to be t6a individu~t. S deeaibed 'w aad who ezecuted the fa+egoing instrumeat,
and adcnowlsdged betore tne tlut t..l~L.. ~ecnted the same for the p~uposee therein e:pressed.
wT'CNESS my t?.oa ~oa oftu;.~ xal chia 20th d,y oc - p~. g` -
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, , • y, ~rt ~s•: •
Notary Pub6c in and t-~ s
~ the Connty snd State Af ~ ti• ~
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My mmissioa expire~~- , . _
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