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HomeMy WebLinkAbout0994 ~ AMD REC~RUE D ~ . ~~yCiE COuMTr Ft~ ~ acc~ ~ . s~.s , c~.c~ , ~ .,c~ wr. ' . Ocj 3 12 i9 PM'7 ~19U28 aAall havs the opt'an to receive and apply the ume on account of the indebtednea~ eecured hereby ar to permit said Mortgegor to receive u~d u~e it or any part thereot tor othM purposee without thereby waia~ing or impeiring any equity, lien or right under or by virtue ot thi~ mortgege; and in the ev,ent said Mortgagor ahall for sny reason fail to keep the said premisea ao ineured, or fail to delivet promptty sny of eaid policies ot insuraooe to aaid Mortgagee. or tsil promptly to pay tully any premium therefcK, or in any respect f~il to pe~iorm, dixl~atgs, e:cyta, eftect, complete, comply ~vith and abide by thi~ covenant, or am• pert hereol, said Mortgagee may plsoe snd psy tor such inaunnce o~ any part thereot without waiving or af[ectinQ any option, lien, equity or rigAt under or by virtue of thia mortgage, ~nd the tull uaount of each and every ~uch payment ehall be immediately due• and payabk snd shaU bear interest trom the d~te tAereof uatil peid at the rete of ten per centum p~ annum and together writh ~ch intereet ahaU be secvred by tAe liea ot thi~ mortgage. ~ 4. To permit, commit or auHer no wreste, impairment or deterioratiow of aaid pmperty or any p~t thereot. 5. To pay sU sad singular the co~ts, ehargee snd ezpen~, including reesonsbk lswyer's fees and cost ot abatracts ot title, incurred or psid st• any lime by uid Mortgagee becaux sndlor in the event ot the f~iluro on the p~rt of the said Mortg~gor w duly, pr+omptly and tulty peeiorin, discharge, e:ecute, eHeet, oomplete, eomply with and abide by eacA end every the etipalatione, agreecnents, conditions and rnvenante of said promissory note, and ' thia moctgage, sny or either, and eaid coats, chargee and ~penaee, ach and every, ahall be immediately due and payable, whether or not there be notice, demand. ~ttempt to collect or suit pending: sad ihe full amount of each snd every ~uch p~yme~t aheU bear intereet from tha date thereot until paid ~t the nte of ten per centum per annum; and sU said coets, chargea ~nd ezpeosea ~o incvrred or paid, tog~ether witA such intereat. ~hatl be ~ecured bv the lien of thie mortgage. 6. 1Uat .1~) in the event ot any bre~ch ot this mortgage ~ default on tM p~rt of the Mortg~gor, or Ibl in the • eve~?t ~ny of eaid sume of money herein roferred to be not promptly and tully paid wit6in ten days aezt dter the eame sevenlly become due and payaDle, witbout demand or aotice, or Icl in the event each and eeary the stipulations. agreesnents. conditaas and oovewnts of ssid promissory note and this mortgage. any or eith~. are ~wt duly. promptly and fnlly performed, dixharged, ezecutsd, eftected, rnmpleted, complied with and abided by, tben, in eitl~er or any aueh event, the said aggregate eum meationed in ~aid promiaeory note then remaining unpaid, with interest accrued, and ell moneya secured hereby, ah~ll become due aad payable forthwrith, or thereafter, at the option of aaid Mortgegee. aa tully ~nd oompletely aa if ~11 ot the said sums of nomey .rve originally stipulated to be p~id _ on . ~uch d~y. anything in said promissory note. and o~ in thie mortg~ge W t6e contrary notwithstanding and thereupon or theresfter at the option of eaid Mortgagee, withont notice or damaad, auit at law or in equity, theretofore, or there~fter begun, may be prosscuted as if ~11 moneys secur~ed hereby had matured prior to its inetiwtion. - - 7. That in the event tbat at the beginning ot or at any time pending any suit upon this mortgage, or to forecbse it, or to reform it, andlor to enforce p~yment of aey cWme hsreunder, seid Matgages shall apply to ths court fuving juriediction theirof for the eppointment o[ ~ Receiver, suc6 court ehall [orthwith ~ppoint a R.ecaivar ot aaid mortgaged property ~ll and singulu, including all and ~ingular the rente ir~come profits, isauea and revenuee from i wlutever source derived, each and every of which, it beiag e:preasly understood is hereby mortg~ged ae if specifically set forth anE described in the qrenting and habendum clauses h~reof, and euch Receiver s6all heve '4 all the broad ~nd eNective functione and powers in any~ix entruated by a court to s Receiver, snd such appointment ; ~haU be mede by auch rnurt ae an admitted equity and a matter of eb~olut. : iqht w said Mortgagee, and writhout f reference W the edequacy or inedequacy of the value of the pmperty mortgapCed or to the solvency or insdvency ~ of said Mortgagor and/or of the detendant~, and that such rents, profit~, income, iaeues and rovenuee shall be applied ` by such Receiva acoording to the kin and~or equity of ~aid Mortga~ee aad the praetice of euch oourt. ~ 8. It is understood and e~ned tlut this mortgage is given to secure, in addition to the nota ot~ obligation above dascribed any additional bans or tuture advanees made within tweuty yearo from date hereof by the mortgage~ ~ to uid mortgagors or any anocee~ot ia titls of said ioortgagors of the propa~ty hereby conveyed• pwvided that the total unpaid balance of the indebtednes~ secured hereby at any one time shall not e:ceed the mazimum principd amountot $IX THOUSAND EIGHT HUNDRED FORTY (~6840.00)------------------- Douare li 1. plue intereet thereon and wy disbursements made by the mortgagee f~ the peyment of t~ee. leviee or ineurance on the propvty encumbered bereby, with interest on eueh disbureements. IN WITNESS WHEREOF, the said Mortgagor hse ezeruted thie mortgage uad~ eeal on the day and year hecein firat ~bove written. S' an de 'v he preecnce of: ~r~ `~.l ~ i ISEAL ~ r a ~ ~ ' ~ ISEALI ~ ~ STATE OF IDA ~ ~ COUNTY OF 3T. LUCIE , ~ K ~ seron ~~~~uy .p~r,a A1 fred S. Kaye and Ruth Kaye, his wi fe of 1705 S. W. 98th z S ~ . ` Ct. . Mi ami . Fl _ ~~1 ~5 ~ ~ to me well known and lmown tog~s to be ths individu~ls described ia and w6o ~ecnted CA~ fohgoing b~trume~t, ~ aad aelcnowisdged before me that ..Tc.hsy ~eented the same for the p~vpoess tb~ein ezpns~sd, , ~ wi~ss my h.oa .oa or~.~_ ~ cws _ 19th ~y ot Sept. .1 78 ~ - . ~ Notary Pob~e in fae~:~ ~ , ~ t~i Lb° couney and scacs Ator+esaid. s., " PACi ~ Mr oommiadon es~p:e~ ~ g ~ ~ Q ~ -v - - - - ~ . ~ Y ~ z : ~ ~ -,°:"s'-- - ~ ~ ~