HomeMy WebLinkAbout0797 ~50'714
t9T9 JU1. 10 AM $ b 2
s R~~CPOIT°(~`A~~.
' ~ CLERK CIRCUtT CO
RECORO VERIitEO~~.~~
sh~H luve the optba to receive and apply the sams on ~ceount ot t6e u~debtednsss secured henbr or !o permit
aW Mortgagor W nceive and ues it or ~ny put thereof for other purpoes~ wicha,c ~ebr waiving or impWing
~ny eqnity. Itsn ot right under or ~y virtue oi this mortg~gs: apd in ths event eajd Morigagor shall tor ~ny rea~on
[ai1 W keep the said premisee so insured, or taU to deliver promptty any ot eaid polieie~ of in~urmos to s~id
Mortaage~, or tail promptly to psy tully •ny pcemium theretor, or in sny re~pect f~i! to pertonn, dlsclurgs.
e:cute, stfect. eomplete. comply ~rith and abide bp this covenant, or any psrt hereof, srid Mottgagee may plaas and
p~y tor such in~ursnee ot any put thereoi writhout waiving or aHecting any option, liea equity or rigAt undet or ~y
virtue ot thts mortga~s. ~ad tbs tuU amount of e~ch ~nd evsry euch p~yment shall be immed'utety due ~nd p~yabk
_~ad shdl be~r interest hom the date tAereof until paid at the nte of ten per centum pes annum and togethar wnth
eueh interest shall be sscured by the lien ot thie mortgags.
1. To permit, commit ot eutter no waete, impairment or deterioratioa ot said property or any patt tl~ereot.
5. To pay sU ~od singular the coets, cherRee and e:pensse, includinR reasonabk lawyer's tees ~nd ooet ot
abatracts of titk, incurred or paid at• ~ny time by uid Mortgagee because end~or in the eveat of the tailure on the .
part ot tl~s said Mortgagor to duly, pnomptly ~nd fuUy perlorm, dischasge. e:ecute, efEect, oomplete, oomply with
and ~bide by e~eh and every tbe etipul~t'ana, agreements, conditans and oovensnt~ of wid promiswry ~Ms, end
ttia mortg~ge, any or either. ~nd said c~te, chuge~ and e:penees, e~ch end evary, shall be immedi~tety doe and
p~yabk, whether or not there be notice, demand. ~ttempt to rnllect or suit pending; ~nd the fuU amount oi e~ch
u~d every auch p~ymeat shal! bcar intereet from the date thereot unW p~id et the rate ot ten per oentum per
annum: and all said coets, clurgss and ~peeses so incurred or p~id, together with auch interest, ehaU be secured by
the lien ot this mongage.
6. '[Uat lal in tbe event ot any bre~ch oi thie mortgags or det~ult on the part of the Mort;i~or, or (bl in the
• eveat any ot s~id wme ot money h~ein referred to bs not promptlY and fultr paid withia tsn days oszt att~ the
suns severally beooms due ~nd p~yabls. wit6out demand or aotice, or Icl in tl~e svent each and evsry tl~e st3pul~tions.
agreementr. conditions and coveeants ot nid pmmissory nots and this mortgage. any or eitl~e~. us not duly.
promptly ~nd fully pertormed. discharged. ezecuted. eftected. eompkted. complied with and .bided by. t6ea, in either
or aay such event, the said aggreg~te sum mentioned in said promiseory note then remaining unp~id, with mcece+t
acctved, and all moneys eecured hereby, shall become due and pay~bk forthwith, or trero~fter, at the option ot etid
Mortgagee, as fuUy ~nd completaly ~s if all ot the wid eums ot aomey were origiiuUy atipulated to be paid on
auch day, aaything in s~id promissory note, and or in thie mortg~g~e to the contrary notwith~t~nding and
thereupoa or the~eatt~ ~t the option of stid Mottgagee. withoat noticr or damand, suit ~t law or in equity,
theretofore. or there~fter begun, may be pro~scuced ae if dl moneye securod heseby h~d autured prior to ite
institution.
T. Th~t in t6e event that at the beginning ot or at any time pending any +uit upon this mortgaqe, or to torecbse .
it, ar to roform it, andlor to enforee p~ym~t of eny claims hereunder. ~aid Mortgages ehall apply to the court
hsviag jurisdictioa tl+ereof for the appointment ot a Receiver, such court ehsU tortl?witb ~ppoiat a R,eosiver of said
mortg~ged property dl and eingulu, induding all •nd •ingular t!k rente income pmfits, issues ~nd revenuee from
wl~atever source derived, e~ch and every ot which, it being e:pressly underatood ia hereby mortg~ged ~e if
~i apecifxally set torth and desctibed in the Rranting aad habeadum claysea h~reof, and euch Receivet ehall have
i all the broed •nd effective fnnctione snd pow+rrs ir. anywrix entrusted by a court to a Receiver, and ~ack appointment
~ ~hat) be mede by euch court aa sn edm~tted equity and s matter oi sb~olute :iRht to seid Mortgep~ee, ~nd w+ithout
~ rcferenee to the adequacy or in~dequscy of the v~lue of the property mortgaRed or to the eolvency or ineolvency
' ot said Mortgagor and/or ot the detendsnts, and that aucb renis, pmfits, income, iasuee ~nd r~wenuee shaU be ~pplied
~ by snch Receiver ~coording to the lein snd~or equity of ~aid Matg~gee and tAe practice ot euch oourt. ~
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! 8. It is undarstood and ~gr+eed that this mortgage is given w eecure, in ~dditaa to the note ~ obligation
above described ~ny addittunal lo~n~ or Poture adv~nces m~de wichin twenty years from date hereot by tbe mort;agee
to said mortsagors or any successor in title ot said mortaaaors of the ptt~pe~ty hereby rnnveyed: provided that the
toW unp~id balance ot the indebtedneee secured herob ~L an one time ehall not e:ceed the mazim
~mo~nt ot FIVE THOUSAND SIX HUNDRED F~RTY ~HREE (5~643.00~ ~uue
. li 1, plue intereet thereon ~nd ~ny diebureemeete made by the mortgagee (or the p~yment of ta:ee. kvies or ineurance
~ on thc property encumbe-ed hereby, witfi int~reat on euch diaburseroenta.
IN WiTNE33 WHEREOF. the aaid Mortgagor h~e e:ecuted thie mortgsge under eeal on the dsy end yasr herein
fvst above written.
~ Signed, and de6v in the of:
~ ~ ..l t~c~ c~~~,~
(SEAL)
~ - ~9 as a er J~ ~
~ • ISEALI
' e lt ;cc.- Vi nia M. Wal ker
~ 3TATE OF FLORiDA ~ f 0 ~ .
~ COUN7'Y OF 3T. LUCiE
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~ Douglas N. Walker and Vir inia M. Walker, his wife,pf.:
~ Before me personeUy ~pp~red 9 ~ -
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; St. George Ct. , Satel l i te Beach , FL 32937 . ~ ~ ' ~ ' , ~
~ =c~..` ..,r~~~ r,_; ~ ~
to me wdl known •nd Imowe to ms to bs ths individual.S dsscribed in ~nd wbo ~ecuced the t ~ ~ g~~-E•_
~ ~nS:~~tlMeR ~ • . , ~
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~ and ackn~wlsdged before ms that ezeeuted the same for t!?e putposee therein e . ' ,'i'~ : J~ t=
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~ W iTNE33 my hand •od oiticid seal tl~is day ot , b~ p jL, T~;*'? ~ '
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, Notary Pubtic in or- . ',,1l.•:,~+
~ the County and 3t~ie Afores~id.~
~ BOJK312 P~GE 795 ~y ~i - ~
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