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Home My WebLink About0802 . . 450'716 ~ 19T9 JUI. 10 AM ~ 4 2 $~08E~ POtTRASA. CLERK CIRCUIT OOUR~~~L~.T Ri.COf!0 VER1f!FD_ ~6aIl have the optbn to receive and appty the ~ams on aaount of tt~e indebtede~s secured ~eroby or W permit sdd Mortgagor to recaivs ~nd use it or any p~rt tAereof for othe~ purposs~ witlaut tdenby waiviaa ar impairina u~y equity, lien or right und~ or by virtue of this mortgaga; u~d in ths evenl said Mortgagor sAa11 fo~ ~ay t~il to kesp t6e sald premises eo insured. or fail eo deliver P~PUY ~ay of s~d policis~ ot innuanos W aid Mortgages, or tall proinptly to WY ~Y ~~Y PKmium theretor. or in any respeet tai) to partorm, discl~vgs, ~cute, eHect, complete, rnmply ~rith end sbide by thia eoveaant, or sny peci hereof, eaid MortRages may plaoe and pay tor such inauraece or any part thereof without w~iving or ~itecting any option, liea, equity or rig5t under or by virtoe of thia enortgage, and t~e fuU amount of eaeh and every auch paymenl shaU bs immediateiy due atd p~yabie u~d sh~ll bear interest hom tRe date the~eot unW p~id at tAe rate ot ten per centum pe: annum and together ~vith ~ch int~est s1uU be sscured by the I~n of this mortgage. 4. To permut. commit or euffer no waste, imp~irment or deterioration of aaid property or ~ny p~rt tlkreot. ~ 5. To pay aU and singular the costs, ch~~ges end ezpen~es, including res~onabk lawyer's tees and caet of ~bstncte ot title, incurced or paid at• any time by said Mortgagee becawe and/or in the event ot the farlure on the part oi the aaid Mortgagor to duly, promptly aad fully perlorm, diecharge. e:ecote, .eNect, winplste, oomply with and abide by e~ch and every the etipulatioas. ~greements, conditions and eovenants of said promI~sory note, and thi~ mortgage, any or either, and eaid coste, charges ~ad e:penses, each and every, ahall be immediatety due and p~yable, w6ether or not there be notioe, demsnd. ~ttempt to coUect or ~uit pending; and tRe full unount of e~ch and every such payaient aAell bear tnterest from the date thsreof until paid at the r~te of cen pec oentum per - aaaum: and all eaid eoeta. charges and e:peosss so incvrrsd or paid, together with such interest, atull be sscured by the liea of tAis mor;g~ge. ' 6. T6at (al in t6e ev~t of ~ny breach of this mortgags or default on the part of the Matgaaor, or tbl in the - evest any of said sums of money 6erein retarred to be not promptly ~nd tully paid witAin ten days ~c after tbs same ssverally beoome due and p~yable. .?ithout demand or aotice. or Ic! in the event each and every the ~tions. agreementa. conditions and oovsnanta of aaid promissory note and this mortgage. any or eithar. ers not duly. prompUy and tuUy pertormed. diechug~d, ezecuted. efiected. oompleted, oomplicd with and abided by. then, ia eitber or any sucb avent, the 'aaid ~ggregate sum mentioned in aaid promissory note then remaining unpaid, with int~rest «crued, and all moneys secured hereby, ehall become due and p~yabk tarthwith. or theroafter, at the option of said Mortgagee. as fully and oompktely ta if a11 of the eaid snm~ ot nomey were originally stipulated to be paid on snch dsy. anythiug in said pwmissory nota. ~nd or in thie mortg~ge to the contrary aotwithstanding: and thareupon or there~tte~ at the option ot s~id Mortgagee, without notice or damand. auit at 4w or in equity. theretofore. or there~tter begun. may be prosecuted as it all money~ ~scured hereby had mat~ued prior to its inetitutioa. 7. 'Ibat in the eveat t6at at the beginning of or at aay time pending any suit upon thie mortgage, or w torocbse it, or to reform it, ~~/or to enforce p~yme~t of sny claims here~nder, aaid Mortgagee eAall appty to the co~rt ~i having juriadiction thereof for the appointment ot ~ Receiver, sueh court shell forthwith~ appoint a R,ecaivar of a~id mortgaged . property all and aingulu, including ell ~nd sing~lar c6e reate income pro~its, iseuea and revenues trom i whatever source derived, e~ch and everp of which, it being ezpreesiy underacood is hereby ~aortgaged as if C ~pecificdly eet fath aad described in the granting and habendum clewes hereof, and such Receiver sh~ll heve { ali the broed and effective fuactions and powers in sny.vise entruated by a couit to a Receiver, and such appointment E ahall be made by such rnurt ae an admitted equity and a matter of abaolute : iRht to said Mortqagee, and wnthout ~ reference to the adequacy or inadequscy of the value of the property mortgaRed or to the solve~cy or inaolvency of sud Mortgagor aadlor of the defendants, and that such reats, profits, income, ieauas ~nd revenuee ehall be applied ~ by anch Reeeiver acoording to t6e lein and/or equity of s~id Mortgagee and the practice of euch oourt. ~ 8. It ie undarstood and egreed t6at t6is mortgag~e is givsn to securs, in addition to the aote ar obiig~tion above descn'bed any additiona) loana or fnqu~e advances made wit6in twenty ye~re [rom date 6ereof by the mortgagee to said mortgagors or any wooeesor in titie of said roortgagars ot t}n~ p~operty hersby oonveyed: provided tAat t6e amonnt ot~ ~IX TF~USANDbE GI~IiT H~IA~lDRED~y at any or~e time shall not e~6 800e00~~ pDollua li 1, plue inteteet thereon and any diebursem~nte made by the mortgagee for the payment of t~ee, kvies or inaura~e on the property encvmbered hereby, with interest on eueh diebureements. IN WiTNESS WHEREOF, the said Mortgagor hae e:ecuted thie mortgege under aesl on the day and yesr herein fir~t above written. " Signed, se~led and deGvered in the pre~ence of: ~ ISEALI ~ a ~ _ ISEALI ~ is B. Wa ker ~ SfATE OF FLORIDA ~ ss. COUNTY OF ST. LUCIE ~ Reese N. Walker and DOris B. Walker, his wife of 8761 SW ~ Before me personally ~ppeared ~ 21st St., Miami, FL. 33165 ~ to me wroll known ~nd Imown to ms to bs ths individna~.. described 'm and wbo aieeuted t6s fore~q~b~ ' and ~cknowledged betoro me t,l~at . tl~s.~f e:ecuted the same tor the purposes tharoin ezpras~sd. • r . ~c • , ~ % WITNE33 my hand and ofRcial seal this ~th ~y oj V. ~~~l.. . ~ ~ ; , ~J ~ Notary Pnblk ' - ~ ` ~ E ~,~y-~. 'r ~ ~~R ~!1! CiOUOg ~•~~~r•,.,y~~~s•~. ' . g~~K 3~.?. ~~~E 800 M ~ ~ ~ ~ , ~ . ~3~,iy~~~ ~