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HomeMy WebLinkAbout0893 ~ 4S(~'753 1919 JUt. 10 AM a 55 ' K EO ~ T~ 1~ a~uc aac~n ~ RErORO R~f~~~--- sball have the option to receive and appty the ~ame on ~coount of the iadebteanet~ iecur~ hereby or to pendt sdd Mo~tgagor to receive and use it a~ any patt thereoi for other purpoee~ witbout tl~sreby waiviaa o~ tmpatring u~y equity. lie~ or rigAt und~ or bY of thi~ mortg~gs: and in ths eveat said Mcutgagor shall ior any re~soa fail to kesp tAe said premi~es so insured. or ta~ to deliver pcomptly any of nid potieie~ of iaauance to s~id Mortg~ges, or hil prompttY ~ MY fuUy ~ny presnium theretor. or iu aay respect fail W pe~iacm. disct~r6s. ezcute, effeet, compbte, rnmply ~rith and abide by this covenant, or sny put hereof, eaid Mort~gss may pl~ae and pay tor such inauruks or any part thereof without waIvins or aHecting any option, lien, equity or right under ~ by virtue of this mortgags. u~d tLe tull ama~nt ot each and svery such p~yment ahaU be immed'utel~? due wd p~y~bb and aMll bear iaterest from the date thereof uatil paid at the nte of ten per centum per annum and tog~ether with e~eh intecest sluU be sseured by the lien ot t6is a4ortgage. 4. To permit, commit or e~tter no waete, impairment w deteriontion of said prope~ty or u?y paK thereof. S. To pay all and aingular the coets, chargee and e~enssa. including reaeonsbk lawyer'a fees ~nd cost of sWtracts of title, incurred or paid st• aay tirne by said Mortgagee becawe endlor in the event of the tailuro on the part of the uid Mortgagor to duly. promptly and fully perfonn. dischargs. e:ecvte. effect, eamplete. oompRy wiW and sbide by e~ch ~nd every the stipuluions, agreemeat~. conditione and rnvenants of said promissory rwte. and ~ thi~ mortgage. any or either. ~nd eaid coata. charges and s:penses. each and every, shall be imiaediataly due and p~yable, whether or not tl~ue be notice, demaad, attempt to collect or suit pending; ~nd the tull emount of e~ch uid every euch paymeat ahall beer iatefest from the d~te thereot unW pai~1 et the nte ot ten p~ centum per annum: and ali said eosts. charges and ~penses so incurred or paid. togethe~ with euch interest, shall be sec~u~ed by tae lien of tAia mortgage. - 6. TAat !a) in the eveat et sny bre~ch ot this mortgage or det~ult oa ti~e part of the Mortgigor. or (bl in the • ev~t aay ot eaid puma of mooey herein rsferred w bs not promptly ~nd tully paid witl~in ceo days as:t att~ tbe same severally beoome due and payabls. witlwut demand or notice. or Ic1 in tha event each md every ths stiptil~tions. agreemena. conditions and covenante ot s~id promissory note and this mortg~~e. any or either. ~r~s not ddy. promptlY and tully pertormed• diechargsd, ~ecuted. eftected. completed, rnmplied with and abided by. thea, in eitl~r or any euch event, the said ~ggregate sum meutioned in said promissory note the~ remaining unpeid, witl? interest aeirued. and all monaye secured hereby, shall become due and payable forthwith, or thereafter, at the option ot said Mortgagee, sa fuUy and compktsly a~ it all of the said sume of aomey were originally etipulated W be paid on . such day, ~nything in said promissory note. md or in this mortgage to the contnry aotwithetanding; ~nd thereupon or thereatt~ at t6e option ot eaid Mortgagee. ~rithout notice or damand ~uit et law or in equity. theretofore, or there~aher begun, may be prosecuted ~a if all moneys secured hereby had ccutured prior to its inetitution. 7. That iu the eveai that at the beginning of or at any tuae pending any suit upon tsia mortgage, or to foreclose i~ or w reform it, and/or to enforce peyment of any clsims hereander, said Mortgagee ahall apply to the court baving jurisdictan thereof for the appointment of a Receiver, such eourt ehs11 _ forthwith appoiat a Reeeiver of etid mortgaged property ~ll and singular, including all end singular the rents ineome profits, issues and revenuee from whatever source derived, e~ch aad every of which, it being ~pressly uaderscood is hereby mortgaged u if i ~pecificaUy set torth and described in tAe qranting and h~benduro clawea hPreot, and such Receiver shall have ; al! the broed snd effective funetions and powers in snywrise entrusted by a court to e Receiver, and such appointment ; ahaU be made by euch court as en admitted equity and a matter ot sbaolutc right to eaid Mortgeqee, and ~vithout ~ reference W the adequ~cy or inadeqwcy of the value of the property mortgaged or to CAe solvency or insolvency of said Mortgago~ andlor ot the detendants. and that such renta, profit~, income, issue~ and revenuee ahall be applied ` Dy auch Receiver aceording to the lein andlor equity of ~aid Mortgagee and the pr~ctice of such ooart. ~ 8. it is und~stood and agreed that thie mortgage ie givan to se~vre, in addition to the note or obligation ~ - above dsscribsd any additioaa! Iwns or future edvaacse made within twenty yesre irom date hereof by tM mortgagee to s~ed mortg~gors or ~ny succeseor m title of said martgagors oE the poopert,y hereby conveped: provided that the tota! unpaid balance of the indebtedaees eecured heraby a: any one time shall not e:ceed the ma:imum principal a~no~nt ot FOUR THOUSANO TH~ HUNDR~~ ~II(~TY ~~4 4~-' D°U"° li l. plue intereet thereon and any dis mente ma e y t e uw ot peymenC o~taies.laviee orineur~noe on tlu prop~ty encumbered hereby, with intereat on such disbureementa. IN WITNE33 WHEREOF, the seid Mortgagor hae e=ecuted thie mortgrge under eeal on the day and yeer herein first above writcen. Signed and eliv~ed in prexnce of: ~ ~ ~ ; ; . ~ I j.:~_, : .C . - . • ISEALI ~ i am mmer ~ ~ L~~" ~ ISEALI ~ Mar' n n Stelle ~ STATE OF FLORIDA . ~ _ ~ COUNTY OF ST. LUCiE Park ~ a~ion ~~~i„lly ,p~a Wi i 1 i am Weimner of 272 Teaneck Rd Ri dgefi el d~ N.,1: 07660 ~ ~ $ and Marilyn Van Stelle of 239 Main St., Ridgefield Park, N,~. ~_:r• _-_~s: _ ~ y s~~~'>~.~__.. ~~,f~ ~ ~ . _ ..+c- .=f • I W tne wsll known ~nd 1mm~n to ms W be t6e individu~lS. deeaibed in ~nd w!w e:scvted,~ l~4 ' ~ ~'~"~K and aelmowledgsd betore me that ...~e.. 3le:ecuted the ame tor the p~uposea tharein s~rei~ _.,,.,r; -#~a': i ~ , ~•h ' ' ~ WtTNES3 my hand and offkial eeal thie 15~h day o{ ~ . , g r'.`.•' -y ~ Not,~rjr ' L~ ~ ` the Coti~~i~+~ti~.~?Y'oreqid. ~ ~ i 312 e~~E 89~ ~,q ~ ~ ~ , , ~ ~ ~ - : . - . • - ~