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HomeMy WebLinkAbout0888 . ~ r~~r ~ ~ L ~ ; ~ ~ i 5n`751 UC~C;tMENil' ft" ~ <o - ` ..STt~M% ~ c - :~cPt °;:\"i*t,li ' ~~•1- ~ s~ ~ - - •t'~ ~ . Q = ve. - ~u,~~rrs f4:`~~~~~ ~ 9. ~ ~ i ~'g ,1?''. 1~ ~M ~ _ ; ~ _ t ~1 ~~~YRI? ~ CLERK I~Itt~lfT a~ ;;~CGaQ VERIf~EO_._.-.~ s6aD bave the option to teceive ~nd apply the ~ame on ~ccouat ot the indebtednees eecured hereby or to permit said Mortgagor to rec~ive and use it or ~ny part tQareoi tor othe~ purpoaes without tlNreby waiving ot impairing any equity, tien or right undec or by virtue ot this mortqags: aad in the evant etid Martgagor ahall for any reason fail to keeQ tLs said p~emieae so in~ured. or [ail W deliver pcomptly aay ot eaid policies ot iasuranos to eaid Mort~aaes. o~ tail promptly to paY tuUy eny premium Llx~retor. or in sny reapeet f~ll to pe~rtorm, disch~rge. e:cute, eftect, complete, rnmply ~rith and abide by thia covenant, or nn~• pert Aereof, said Mort~gee may plaoe and p~y tor sucb in~rance or any part thereof without waiving or affectinK a~y option. Gen, equity or right under or by virtue ~ of this mortgage. and tbe tull arnount of e~ch and evsry auch payment shaU be immediately due aad p~y~ble and slull bear interest from tbe date thereot until paid at the nte ot ten per centum per annum and together w+ith suc6 interest slull be secured by t6e tien of thia mortgage_ 4. To permit, commit or ~uffer no ~va+te, impairment or deteriontioa ot said property or any part thereot. 5. To pey all and singular the co~te, charRea snd e~en~. includinR rea~on~bk lawye' ~ fees and cost of absttacts ot title, incurred or paid at• sny time by aaid Mortg~gee becauae andlor in the event of the failure on the pert ot the ~aid Mortgagor to duly, promptly and tuUy psr(oz~n, discharge. execute, effect. complete, comply with and sbide by bch ~nd every the stipulations, egreemente, oondition~ ~nd coveaants of eaid promissory note, and this moKgsge, sny or either, snd aaid co~ts. charges end e:pen~es, each and every, ahaU be immediatdy due and p~yable, whether or not there be notice, demand, attempt W collect o~ auit pending: and the full amount ot each and every ~uch payment shaU bear int,ere!+t from the date thereot until paid at the rate of ten per centum per aanum; and aU said co~ts. eharges ~ad e:pensea ~o incutred or paid, together with such intereat, ahall be eecured by the lien of thi~ mortgage. 6. That lal ia the event of any bre~ch of thi~ mortgage or detault on tAe part of the Mortgigor, or Ibl in the • event any of said aums of money heroin reterred to be not promptly and fuUy paid within tam days aert ~iter the eame sev~r~lly become due and pay~ble, witlwat demand or notice, or Ic1 in tAe event each aad every the ~ipulations. agreements. conditioas and tovenants ot said promiasory aote and thie mortgage. any or either. ars aot duly. promptly and tully performed. disclwBed. e:ecuted, effect~ed, oompkted. eomplied writh and abided by, then, in ather - or any such event, t#~e eaid aggre~te sum mentioned in said promiseory note then remaining unpaid, with interest aecrued, aod dl moaeys secured hereby, ~hall become due and payabk forth~vith, or thereafter, ot the optioa ot eaid Mortgagee, aa fuliy and oompktely ~a if all of the said sume of e?omey avere originally atipulated to be paid on suc6 day. anything in e~id promiseory reote. and or in tttia mortgage to the contnry notwith~tanding and thenupon or thereafter at the optan of said MoKgagee. without notice or damand, suit at la~v or in equity. theretofore, or thereafter begun. may be prosecuted as if all money~ aecured hereby had metured prior to ita inetitutaa. ~ 7. Th~t in the event that at the beginning of or at sny time pending any suit upon thie mortgage, or to forecbee it, or to reform it, andlor to enforce payment of any claime hereunder, said biortRsges ehall spply to the rn~ut h~ving jurisdiction tsereof tor the appointment of e Receiver. aoch court shaU forthwith appoint a Reo~ver o! ssid awrtgaged pmperty aU and aingulu, including all end singular the rent~ income profita, i~auea snd r+~venues trom wlutever source derived, each aed every of w hich, it being e:pressly under~cood i~ hereby rtartg~ged es if ~ specifically eet forth and described in the Rrnnting and h~bendum clauxs ForFOf, and such Receiver shall have. ~ all the brosd and pffective functione and powers in anyv?ix entru~ted by e couri to e Receiver, and such appointment ~ shall be made by auch court se sn edmitted r•quity snd a matter of eb~olut~ : iRl.t to said MortRaRee. snd without j reference to the ~dequacy or inadequac~ of the vafue of the property mortgaRed or to the aoivency or ineolvency k of ~aid Mortgagor andlor of the defendents, and thet such rents, proftta, income, i~aues and revenuee ehall be spplied ' by euch Receiver acoording to the lein andtor equity of said Mortgegee and the practice ot auch oourt. i 8. It is understood and a,greed that thie mortgage is given to eecure, in additiori to the noce or obligation ~ above deecribed ~ny additional bans ar future advance~ made within twenty yeare from dste hereof by the mortgagee to said mortgagors or any eucceseor ia titb of said mortgagore oE the property heroby conveyed; provided Lhat the . total unp~id belence of the indebtedness sacwed hereby a: any one- time ahell not e:ceed the ma:imum principal "°'°u"t °f Si~ housan~ tw~ ~iundred ~~~,~0~ OOa-- - °o~' It 1, plua interes t ~n any s ursement~ e y e m rtgagee tor the payment ot ta:es. leviee or inaurance on the property encumbered hereby, with intere~t on such disbureementa. iN WITNESS WHF,EIEOF, the said Mortgagor hse e:ecuted thie mortgage under eeai on the day and yesr herein fvst above written. ~ Signed, se~led and delivered in t6e presence of: _ _ ISEALI ~ David L. MacCuish ~ ISEALI ~ STATE OF FLORIDA ~ COUNTY OF ST. LUCIE ~ Before tne pezsonally appeared David L. MacCuish of 1608 SW 13th Street, ~ ~ ~ 1 a~~rlor~iala GI 4~~1'~ a ~ ~ to me well Ic~wn and Imown to ms to be the individuaL.. deeQibed m~nd who ~eeuted the foregoing iastrument. ~ and ~wledged betore me that ....bs.... e:ecuted the same for tbe purposee therein e~ree~ed. ? ~ WIT:~IESS my i~and end official sesl thie 21St day at ~ ' ~ , 3 ~ ~~R 1? ceGE 006 ~~t,ra~w~l+~ine R. Hattor € t3s,:~~~ ~ J L~ ` _ : ( ~c ' ~ M'' ~ v-.~,°'~"~ •';;~~Y/20/so /,'11~~lfs;tii~` ~ . ~"'~.>.~~..:t . . - - - - _ - . :r..~.~„^,.~