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~ha8 haw tlr optjoa to nceiw aad ap~plp ebs same on ~ooount oi t6s indsbted~ ~scund A~nb~ or to premk
..w Yact;.~ co r.odve .na n« it ar .W? P.rc cM.+sof to~ ecw.r p~npo... .~it.~ouc ce.nby ~..lvms oc imp.irtos . . Y
W puitr. Uas~ oe tisht nndK o~ by v4tus ot thi~ mo:tas~ ~ad !a tlr awnt aaid liturtsag~ ~6aU ta W r~~? ~
hil to k~p t~ wid pewaisM ~o in~uzed. or tvl to deUvar pe~aeoptV aay ot Mid poueiN d 6~~unao~ to Mid
Martaa~. or hil peomptly to Pq fullp wY Prea~ium tlbcefor. or in any ewpKt tail to P~fono. di~r~
excnt~. eM~et. oomPkts. oon~l~r with and abids by tLis ooveaant~ a aay p~et hered. wid ~loetsa~ my? Pl~a ud
P~7 tar such inwvano~ or ~ny part thereot witbout wdvina ur ati~ctin8 arp? option. lisn. ~qutt~ or ri~Lt undar ar b~?
virtw ot tl~ mort~. and t6~ inlt ameaM ot e~ch and ~wry wci~ p~rmsot s6~11 bs imaiediatteb dw aod py?abie
~ ~ bMf {D~!!'M~ ~1 ~1! dtfA Lj!lAOt WiL{~ ~ ~N O~ ~fl p!i[ OlDWm p!! tNllim it1~ ~(~l . i
snc6 int~enrt sMD b~ud br tbs liea of thi~ mortaa~.
To pKmi~ oo~noait nr mft~r no wa~t~. i~npaireosnt ar dete~iocation ot said prep~rty a any part t~eerul.
6. To pq ali ud dogulu ths oosts. cl~argw and azpea~, ineh~dins roasona6le law~er's t~ ad eoet ot
abstraetr ot titb. inenrr~d a~ paid at• aay tims by said Mort~ages bec~uss end/or in tbe ewnt of ths tail~rs on ths ~ ~
part ot th~ nid Mat~a~or to du1Y. Pr'oa~t~? aod w1b? P~rlarm, dixharg~. e:eeute. edfeet. oanFMf~. eam~{~r *[th
and abid~ by e~eh and awq? tbs sttpu4tio~~. ~reaa~ata. oo~ditloor u+d omreoants oi ~id peomiMOry noce. and
this mortpgs. aay or aither. at~d said oost~. chat~e~ and azpense~s, e~cL u~d every. ~11 bs i~nm~diatdy ~s aed S
P~ribM. whether or not thae~s bs notioa ds~nd. attempt to oo~leet or suit pe~die~: ~ad t6~ tall anwunt d e~e6
and every sneh pqrmeuR shaU be~r interert irom tM data t6ereot until paid ~t the nte of ten per oeawm pec
annum: ~nd all sdd oo~ta. els~r~ and t:peeua so incumd or• Paid. to~ther wit6 such intere~t, s6all bs ~~rsd by
tbs lirn of th» morta~.
s. ~ac w tn ce. a,?eoc or anr e~a.~b ot ce~ morca.ss or ~et.u~c oa ce. p~c ot ces ~eac~.~o~. or t~ t~ ces
• evenc any ot wid sum~ ot money hereiu rs6ered to bs rwt promptly ~nd tulh? p~id wit6in fen d~ps osrt aitt tbs ;
nm~ ~sva~py beoao~ due aad p~yabM. witbont dsmand or ootlcs. ar (cl in t6s evsnt each aad ~ ev~ry tbs ~tion~. '
aarsemsnt~. oo~ditloo~ and oow~nts ot nid ptomis~oq? note aod tl~ mortras, ~ny or dthK. ~n not dub?. ~
p~Y ~~Y P~ormed. d~seh~rg~d. eaawted. eifeetd. oompMfed. oamp~lied with aud abWd by. tbeo. in aith~c
cr aay sueA sveat. tl~s nid ag~regate wm m~tlooed in aid proiniNOq e~ote tha~ remainina nnp~id, wit6 intere~t
aoaned. ~nd all moosy~ ~ecured her~by. sLall beeoms d~ and papabis Lortl+with. or thereafter. ~t tM optfon d said
Matgagee. as tull~? aod oompletdy as If alt of ehe said sums of aomsy wve oeigin~Uy atipnlated to bs p~id on
sneb dsy. anything in ~d prowis~o~? not~. ~nd ar in tJ~i~ mataage w ths eontraqr notwith~taad~n~ and ~
tharaupoo a~ thereafter at the optioo of said Morts~ges, witbout notiee ar damand. suit at law oe in equity. ~
cl,encofore. or che~wtcer begun, may be pra.scuced u if .11 mw~.ys seciued 6ersby 6.d maa~red pior co ics
inttltntion. . -
z Tl,.c ;n chs sveac ch.c ac cbe beaim,ing ot or .c wy cims pendins aoy ~uic upon ehi. morcgage, o~ to taeclo.e '
It. or W»form i~ and/or to enforoe p~ymeat of any cWms he~nder. eaid Matgages shall ~pply to t6s oourt '
bavb~g jurLdiction t6ereof fo~ tbe ~ppointmsnt ot a Recelver. sucb court slull forthwitb ~ppoint • Reo~iver ot nid ;
' mott~aed pro~pe~ty all and singnlat. iuctod'u~g all ~nd siagulu the reats incomr profiLs. iiaues and rsvenues trom #
w6atever wnroe d~ived. e~e6 and every ot whieh. it bsing ~pe+e~dy nnd~retood is hereby mortp~d a~ it ~
I'4 ~edt~U~ ast fo~th ~nd de~eribed in t6e grantIng and lubendnm clauses hPaeof. and such Iieesiver ah~ll h~ve '
, all tbe M~wd u~d eHective functioo~ and powers in anyw~se entiusted by a eourt to e Receiver. and weh appoiatment ~ E
i s6a11 bs m~de by snch eourt u an admitted equity ~nd a matter of ab~olute riq6t to soid Mortgagee, aad witbont }
reference W tlis adeqwcp or ioadequacy of the vdus ot the property mortgaged or to the solvency or in~olveoey `
~ ot aid Matg~g~o~ wdlor of t6s defendants. and tAat anc6 rents. Pw6ts. inoome. iesue~. and revenues ~11 bs ~pplisd ;
i b~? wc6 Receiver acoading w t6s kin aadlor equ[ty ot sdd Moctg~ges and the pr~ctice 'of w~c6 aairt.
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¢ 8. It is nndee~tood and age~ssd th~t Ww moet~~g~s is ~wn W ss~vrs. in ~dditbn to tbs not,e e~ obii~ation -
abow described ~nr additiond ioans or fnturs ~dvanas uo~ds wrjtliin twsntr Ye~rs trom date hereof by td mort~ges
to njd mo~taaaoe~a or any ~oooe~~ in titi~ of njd mo~tgagocs of tbe ProP~~ ~7 ~~aY~: P~ tl~t tbs
.monnc~ot~ TWO THOf SAND, E~IG HUNDRED
1~ND SE~IENTY
WO
LLARS~2,~7~~ n~ou,~rs
li 1. plns laterest theeeoo ~nd anq disbariemsnts made by l1~e mortgaaee tor tbe paymeat of tues. isvtes or insura~e
on the property entombered bereby. wit6 iwtee+est on sncli disDarsemsnts. .
IN WITNE3S WNEALOF, the etid Mortgagor !us e:scuted t6is aaortgags under ssd on the day and yeu 6ae+ein
tvst, abovs writta~. _
3ignsd. se~led and in ths o[:
tSEALI
~ ~ ISEALI
' 3TATE OF FLORIDA ' RUTH J. RAY •
se.
~ OOUNTY OF 3T. LUCIE
a
~ ~~,.~a Joseph J. Ray and Ruth J. Rav - hi s wi fe of
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: 2402 Sarno Road, Melborne, Florida 32935
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t0 IDA wrll b10~a YM t0 ~ L~ ID~YbOlI... dMQ~ ~O a~ w50 ~ZiNf~ f.M IO!l~OIDa ~iUmlOC.
~ l~0~ 1~.~:.«~.... ~ilGY~ Lb! ~lIDe ~Of L~! plspO~M ~D
~ ~ 16th ~r December ls 78
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