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Iii~CORO Y~RIFIr~
shall luve the optioa to receive and appty the same on account of the indebtednese secured heceby or to p~mit
said Moetga~ to receive and use it o~ any p~rt thereot tor other purpo~es without thereby w~iving or impalring
any equity, lien or right under or by virtue ot thi~ mortg~ge; and in the event said Mortgegor aha11 for u~y re~eon
tail to Iceep the ~sed premisee so insured. or tail to de6ver pro~nptly ~ny of said pdicie~ of insnrance W s~id
Mortgages. or isil pe~omptly to pay tuUy any premium therefor. or in any reapeet fail to pe~tarm, dischargs,
e:cute, eftect, complets, comply writh snd abide by thi~ co~enant, or nny psrt hereof, eaid Mortgagee inay pl~oe and
pay for such in~ura~ee or any part thereof aitAoat waiving or affecting any option, liea. equity or rigAt unda ar bv
virtue of this mortgage, aad the fuU amount of e~ch and every euch psymene shaU be immediately due and p~yeble
and shaU b~r interest trom the date thereot until paid ~t the nta of ten per eentum per annum and togetl~ with
~ca interest ~hall be necured by the lien of tlsis mortg~~e. -
To permit. commit or aufter no waste. impairment or deteriontion o! said property or any pert thereof.
5. To pay all ana singular the coste, chugea and e:pense~, including reaaonable lawyer'a fees and coat of
abstncts ot titie, incurred or paid st• ~ny time by said Mortgsqee because endtor in tM- event ot the taihin on the
put of the uid Mo~tgegor to duly, promp[ly and fuUy pertorm, discharqa. e:ecute, eHeet, compkte, comply writh
and abide by e~ch ~nd every the stipulatione, agree~nts, conditans end oovenant~ of eaid pmmlasory note, and
thi~ mortg~ge, any or either, and s~M cwte. chugee end e:penxs, each end every, shaU be immedi~tdy due snd
psysbk, whether or not there be not~oe, demand, ettempt w collect or suit pending: snd the fuU emount ot ~ch
and every ~uch psyment sAall benr intereet from tAe date thereot until paid at the nte di ten per centum per
~naum: and all said rnsts, chargea ~nd e:pense~ so incurred or p~id, together with such intereet, slull be 9acured by
t6e tien ot thie mortg~ge.
6. That le) in tl~e eveat ot any bre~ch of tAia mortgaga or default on the part of the Mortgagor, or Ib? in the
- event ~ny of said sum~ oE money herein referred to be not pmmptly aad fuUy paid wiWin ten days nezt aher the
aame sevenlly become due and payabk, witlwut demand or notice. or Ic1 in the event each and every the stipulations,
agreecoents, conditions aad rnvenant~ of s~id promissory aote ~nd thie mortg~ge, any or eith~. are not duty.
promptly and fully performed, diecherged, e:ecuted, effected, compkted, oomp6ed with and abided by; thea, in eithet
ar any ~uch event, the ~aid aggte(nte aum mentioned in said promiesory note then remaininq unpaid, with intere~t
accrued, aad all moneya secured hereby, shall become due snd peyabk torthw~ith. or thereafter, at Lhe optan ot said
Mortgagee, aa fully end completely a~ if ali of the said sume of nomey were origiaally atipulated to be peid on
~uch day. anything in eaid promissory note, and or in this roortgage w tl~e contnry notwithstanding; and
there~pon or thereatter at the optan of said Mortgagee, withoat notioe or de~mnd, suit st law or in equity.
thentofore, or thereafter began, may be pmsecuted as if sll moneya xcured hereby hed matured prior to ita
inetiintion.
7. TAat in the event that at the beginning of or at eny time pending any suit upon thi~ mortgage, or to forecbx
it, or W rotorm it, andlor to enforce peyment of any claims hueuader, ssid Marigagee ehall apply to the coart
Mving jurisdiction tt~ereof tor the appointment ot a Receiver. ~ch court shalt forth.rich sppoint a Receiver of aaid
mortgaged property all and singular. including aU end ainqular the rente income proGte, isaue~ snd revenues from
wrhatever source derived, e~ch and everr of which, it being e=preeely qnderstood is hereby mortgaged es i[
' ~pecifically xt fo~th and described in the Rranting and habendum clnuses hPreof, and such Receiver shall heve
all the brosd end effective functionn and powers in enywix entrusted by a court to a Receiver, and such appointment
j shall be mede by euch court ae en edmitted equ~ty snd a mauer of ab~olut. :iRf,t to said MortgaRee, and without
{ reference to the adequacy or inadequac~ o! the value of the property mortqaRed or to the solvency or insolvency
I ot said Mortgagor andlor of the defendants, and that such rents, profits, income, iasues and revenuee shall be applied
'i by euch Receiver according to the lein andlor eqnity of aaid Mortgagee and the prectice of such oourt.
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~ 8. It ia uaderstood and agreed that thia mortgageais given to sec~ue. in sddition to the oote ~ obligation
above described any additional loans or tuture edvancea made within twenty yeers firom date hereot by the mortgag~ee
to a~id mortgagore or eny suoceseor iw tit{e of eaid mortgagore of tha property hereby conveyed: provided t1~et the
toW unp~id balance of the indebtedness aecured hereby ai sny one time shall not e:ceed the ma:imum principel -
amount ot SEYEN THOUSAND SEYEN HUNDRED ~(7~,700.00)
1= i. plue intereet thereon and any di~bursement~ made by the rrwrtgagre [or payment of tazes, leviea or insurance
on the proprtty encumbered hereby, with intereat on snch diebursement~.
IN WITNESS WHEREOF, the ~aid Mortgspror hae e:ecuted thi~ tnortgage under ~.al on the dsy end year herein
f'vst sbove written.
c
Sigaed, sealed and delivered in the pre~ence of:
. ~
ISEAL)
~ ~n a . i s .
' ISEALI
~
~ STATE OF FLORIDA
~ ss.
= COUNTY OF ST. LUCIE
3
~ Linda J. Nilliams of 225 7iki Dr., Merritt Island, FL. 32952
Before me personally spp~red
,
~
.
~ W me weU knowa and Imown W me to be the individual... described in ~nd w6o e:ecuted the foregoing
inst*tuoent~~ ~ ~ ~ : ~ , i~ .
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WITNESS ~y h.na .na o~w ~ cn;s 25th _ a.r of Jul ,~'~'7 c~~.-~
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Notary Publie ,is ,ad: y /`i • ~ : -
the County ara~ ~ts~ ~ • ~ '
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