HomeMy WebLinkAbout0349 ..S .
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450455
~ l9~9 JUl. -9 AM $ 53
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~6a8 haw tbs optian to »~eiw aad sppl~? ths ~am~ oa aooouat ot tbs tod~bted~wN a to {Nemit
Mid Yoets~ to noeiw and os~ ~t ar aay put thw~wt fc~ otDK puepoMS witbont th~abr w~1v~o~ oe ho~aMni
W~qdt~?. ti~o ar eijbt nader ar by virtw at t~hb awstaa~ and ia tb~ ev~t sdd Yacts~ot ~6~11 far aq~ ~
taD to in~p ths ajd pneni~e~ so inw~~ed. or hfl to ~ pt~oaoptlp aepr of raid po8ciw ot fmor~ao~ eo s~id
Maet~a~ oc hll P~P~Y ~ P~7 ~7 ~Y P~m oe in uq rNpeet h!! to pr/orai, dis~ar~
escut~. ~thet, cca~t~, caaplY witR and abids br thi~ o~veata~ or anY Put bereof, said Mataaae~ mU? ~ ~d
py? toe sncb ins~rmos or an~ p~rt tbereof wltbant wdvins or attectin8 ae~y aptjon, tko. eqnih oe ri~1?t nnder ar by
wctw ot thi~ moctg~. aod t6~ full ~noow~t ot Meh aud ~y ~ncb p~yn~ent ~aD bs immedi~tteip dw and pq?abb
and ~ll be~r inte~wt from tlw d~b tliaeof uatil p~id at tM r~te ot t~a per amtnm pee anatun aud topt~r with
e~6 inr~..c ,h.u b. ,.eur.a ey t6. tiea oa c~i. mozcp~e.
To permit, oommit or wHer no wast~. imPai*m~nt or dstarion~t3ou oi s~id Pe~oPe~ty a aq~? P~*t tl~(-
6. To p~y aD and siaaulu tl~e oo~t~, char~ and t~Pe~sM. ~md reasoaabk I~wyer's t~e~ and oat of
abstnct~ ot title. in~urred or paid a4 aay tims br sdd l[ortp~ becsws ae~d/ar in tbe event oi t,bs t~ilur~ m t6s
p.rt oi ths said Moctg.sor to du~?. promptlp am1 ful~? p~tcrm. ~ch~*~gR, e~ernta stteet. eampMb. ao~o~j~? vtth
and ~bids by e~eh aad evaq? t~s stipdatioa~. aseremsnta. oouditioeu and ooveo~nts ~~aid proeoiaoq nots. and
this mort;sas, anr or ~tber. and taid costa cAar~e~ and up~ese~. e~ch and everp. ~haU bs immsd'nWp dne ~nd
P~ribM._ w6ethe~ or not t6ere bs notio~ dea~ad. attempt to eo~liect ar auit pendina; ud ths inp ~aooaat ot e~
ae~d swrr snch paytnent ab~ll Ee~r intereet U^om tbe dab tla~eot until pair! ~t the rate ot teA per oenqim per
amum: and all sald owt~. ehae~ ~nd e:peose~ so itxutred ar pdd. toaet6K witb snch int~e~t. sl~ll b~ ~seured by
ths lien ot t5L awets~a. .
d. Tbat lal in ths awnt of any be~e~eh of this mort~a~ or debult oa th~ pat of tLs Mort~or. cr ~b? in ths
• event any of s~id sams of mooy 6erein eete~red to bs not prowptty aad tulhr p~id wlthin t~n d~ n~zt att~ t6~
Nm~ ~svanl~Y beeam~ dw and payaW~. witbout demand o~ notios. a tcl In t6~ ~veat e~ch and swef tbs ~pd~tioo~.
a~eem~nta. ooaditloa~ aad oowoants oi ~aW protdtsory note and thit m~ortaa~s, ~nr ar ~it6ee. not dnb.
P~7 P~~'~. ~*8ed. e:ec,vted, ettected. oompkted. oomptied wit~ and abid~d by. tbeo. ia eit6er
or any a~h event~ t6s s~id a~ng~te wm a~ntioosd in wid proiniaory nots t6ea remdniag nnpaid. with ~
aoerued. and aR moe~?~ iecured hwsby. shdl Moo~ns dw and payabie tarthwith. or tha+safte~. at tbs optba of sdd
Mortga~'ss. as in1~Y aad oompMtely u if all ot tl~e said sam~ of nomeY were ori~inall7 sup~lated to bs p~id on
a~c6 day. anythiog ta ~aid promissory nots. ~nd or in thL mo~tsags w t6s ¢ontnq notwith~tandin~ and
thee~enpo~ ot tbere~itec at ths option ot s~id Mat~aaes. wr~t6ont aotioe or du~ad. tnit at law ot lu equitY.
tberetofoc~s. ar t~e~Rer begnn, may be pr~s~cnt~d u if ~11 y
institution. ~Ys ~scnrsd hueby had matnred prior to its
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7. 'ibat in ehs evwt that at the bsginnins of or ~t anr tims pwd'n~g any suit upon this mortg~gs, or to tae~acbse s
it, or to rstorm it, andlor to enf~os paymeat of any eLiau bereunder. aaid Mcrtgagss shall apply to ths oourt
h~vuig Jnridiction thsieof ta t6s appointmant of • Aecaiv~. snch court shall tart6witb appoint • R~oeivar ot s~W t
mo~taag~sd prcperty a~ ~nd singular. Iacludins alt and singul~r the re~ta inoome pro6t~. iisues and revanuss tmm
wlut~ver aourre derived. akh and evesy of whie~. it b~ina ~Pres~lY underetood is Aereby moet~ag~ed ai if s
i speei8ea11~ set forth and ds~erlbed in the graating and lubeodum dauses hereof. and sm6 - Receivar ~6aD 6~ve
; all tbs bro~d atd eHectiw fnnetion~ snd powe~s in anywi~e entrusted by ~ oaut to a Reeeivar. and web appointmn~t
w
' shall bs msde bp weh oourt u an ~dmitted equity aad a matcer ot ~badnte right to said Mortgages, and witl~out t
~ refeemos W the ~deqwcy cr inadeqwcy of tAe value o! tl~s pmopecty mortgaged or W tbe solveocy cr insolv~eaey
~ oi dd Mortaagor and/or of t5e defe~dants. aad tbat such renta. RroBts. inooms. iwuer and rsvennas ~hdi bs applisd
by w~e6 Reoeive~ eco~dins W the kia ~nd/or eq~ty oi said Mortgagse and the practice of w~ courk -
~ 8. 1t is und~ntood and aaresd that thi~ noort~a~ i~ given W s~etus. in ~ddition to t6e note at ob~atbn ''s
abow de~c~ib~d ~ny additional lwn~ or fntore advanosr m~ds withia tweoty ye~r~ irom date hersoi bp tb~ moetaagss :
to wid mocts~~ or anr suoos~so: In tiW oi nid mo~taaaon ot the p~operty 6eeeby eouveyed: Pr'ovjded tL~ ths `
tot~1 nap~id balance of the indebtedners ~eeured hersby ~i any ons tims shvl not e:oeed ths ma~mum p'dndp~l
.mo~ncot FIYE THOUSAND (~5000.00)-- -----------------------------~ouar.
(i 1. plus interest tl~sreon and any disbw~~emants mads by the moctgagee for tlis p~yment of tuea Mvie~ o~ ias~ranoe
on we proparcy eacumbered Leesby..rich incererc on .ncL a;sbnr.e~aenc..
IN WITNE33 WHEAEOF, the said Matg~gor 6u e:ecnted this mort~ags ander se~l on the day a4d year l~ea~a
first above written.
3~nsd. ~led and delivered in t6e presenos oL• ~
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w (3EAL) F
~ t9EA1.)
k 1 i ce Pa ernp
~ 3TATE OF FLORIDA ~ . ,
~ OOUNTY OF 3T. LUCIE - .
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~ ~a„ ~~,v~, a~.~a Anthony Palerna and Alice Palernio, his N~~er,Qf;
~ 900 Ri ver Ave. , Lakewood, N . J . 08701 ' ~ ~s ~ ~ .
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~ . ;y~~ - i.. ~ y'. . .
~ to m~ wall known and lmown to~° to b~ tb~ ~vidual.S d~raribed in ~fd wbo weo0d ;t1~ r-~. . :
aad aeJmowl~l~ed Mton me tL~t »itw..3/ ~ecuNd ths ams for tbs thae~ein .
~ P`~°~°~ ~'°~b`z ' "
WITNE3S my h~nd and otficL! ~e~1 thi~ 1~~'1 dar ~ ~r.~~~ ~_t~ ~~T~~•. %
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' March 8, 1982 ~ ~
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