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~hsil have the option to teceive and apply tAe sams on aaount of the indebtednsa sscured hsreby ar W permit
aid Mortgagor W receivs u~d uss it or any p~rt thereot far othsr purpose~ witho~t tlbreby waiving or imp~iring
u~y equity. Ifen or right und~ ~ by virtue ot this mortgage: and in tbs evsnt said Morcgagor sh~ll tor ~ny rs~wn
hil W keop the s~id premises so iasured. or tall to deliver P~anP~~Y any oE said policiN o! tasuranos W wid
Moctaa~es. or tail P*o~P~~Y ~ WY wuY ~AY P~mium tMretor. or in anY ~ P~'~~ ~
e:ct~te, etfect, tompiste, eomply with and ~bide by tAia covenant. or eny part hereof. said Mortga~ss may pt~as aad .
p~y for such insurance or any p~rt thereot .iritl~out waIvwg o~ aHectiag ~ny option, liea equtty or right undec ar by
virtw ot tAis moctgage. and ths tu11 amount oi e~ch and svery such payment aluU be immedi~tely due and pay~bb
aad ~hall be~r interost from tM date theeeot untll paid at the nce of ten per eeatum par annum and tcgether w~ith
e~ch iat.erest aMll be sseurod by tAe lien o! t6is mortgags.
4. To permit, commit or snfter ca waste, uep~irment or deterioration ot uid pe»psrty or any part thereot.
b. To pay aU and aingular the coets, clurges and e:peness, including reaeoiubb lawrye~'e tess ~nd ooet of
abstncts of titk, ineurred ot paid at• any time by eaid Mortg~gee becawe andlor in the event ot ths fa~lure on the
p~rt ot the eaid Mortgagor w duly. promptly and [ully perform, dischargs. e:ecute, eNaet. oompists. oomply wItl~
aad abide by e~ch and every the etipulatioae, agreements, eonditlons and cove~ants of e~id promissory note, and
this mortgage. aay or either. and said cost~e. charges ~nd azpenses, e~d~ and every, ahall be immedi~Wy due ~nd
payabk, whether or not theoe be notice, demand. attempt to collect or suit peading aad the full amount of each
and every such paymsnt ehall bear is~tereet from the date th~eot unti! pai.f at tAe nte of tea pac oentum per
wnum: and all a~id costs. ehargss and ezpenses so incurred or p~id..together with sueh interest. shdl ~ serured by
the lien of this mortgag~s.
6. That 1~) ia the evsat ot any bre~eh of this mortgaga or default on tl~e part ot the Mortsigor. or Ib) in the
• event any of eaid sums of rnoney herein referred to bs not promptly ud tuUy pdd within ten d~y~ nazt aicar the
sams sevenlly beeoa~s due and p~yabls, witlw~t dsmand or notica or !cl in the sveat each and every ths sRipul~tiooi.
~8*eemsnts. eondItio~u and oov~ants of nid pmmissory aots and tl~is ma~tg~ge, any or either. ~rs not duly.
Pro~Y ~d ~Y P~ormed. disch~rged, ezecnted. efteeted. completed. wmplied with and abided by. than. in bither
or any such evsnt. the said aggregate sum meatioaed in said promissory noce then nauining unp~id, with iutenxt
~ccrued, and all moaeys secured hereby, ehall bscome due and p~yabM tortbwith, or thereetter. ~t the option ot e~id
Mortgag~ee, ae fulty and eompletely as if all of the said mms of nomey wrere originally et~pultted to be paid on
" soch d~y. anything in aaid promissory note. and or in thie mortg~ge to the contrary notw~ithsw~ding, ~nd
therenpon or t6ere~fter ~t tlu optaa ot e~id Mortgages, without notioe or damand, suit at law or in equity,
theretofore, or there~tter Degua. may be prosscuted ~s it ~Il money~ sscured hereby h~d matured pior to ite
institution.
9. T!?at in tha event that at t6e beginning ot a at any tims pending any ~uit upon this mortgtge, or to foeeelose
it, or to reform it, and/or to enforce paymant of any cWmt hsreunder, eaid Mortgages ehall appty to ths aourt
having jurisdiction t6eroof tor the appointment ot ~ Recsiver. ~ue6 court shall fathwith appoint a R~soeiver of said
~6~8~ P*~P~Y ~U and aingulu. inctading all ~nd singuLr the rente inoome profita. iseues aad csvsnnee from
whatever so~rce derived, eae6 and every of which, it being e~re~sly underatood ia hereby mortgaged ~e if
; apecifietUy set forth wd described in the granting and tubendum claueea horeof, and auch Receiver ahell heve
; all the brosd ~nd eHective functione and powe~s in anywise entruated by s court to e Receiver, end auch ~ppointment
f ahaU be tnade by auch rnurt as an admitted equity and a roatter of abaolute riRht to snid Mortg~gee. ~nd without
, reference to the adequacy or inadequscy of the value of the pmparty mortgaged or to the solvency or insotvency
j of said Mortgagor and/or ot the defendants, and thet auch rents, profita, income, iesues and revenuee shdl be ~pplied
~ by such Iteceiver aeaording to the kin andlor eqaity of said Martgsgee and the practioe of wc6 ooart.
~
€ 8. It is underotood and
agreed that t6is mortgage i~ givsn W secure. in additan W the note or ob}igatinu
above deeaibed ~ny addition~l ioans or fnture advancas au~ds wittin twenty years tm~a date hereof by the mortg~gee
to s~id mortgag~ors or ~ny woosssor ia titis o[ ~aid mortgagors of t6e property bersby conveyed: provided t6~t t6e
toW unpaid balaace of the indebtednea~ eecurod hereby •t any one time shall not e:ceed the mazunum principd
amounc of NINE THOUSAND SEVEN HUNDRED (9 700.00) ~s
(i plus incerest thereon and aay diaM~rsements made by the mortgegee for t~e p~ymeat ot tuae, levies or ineura~us
on the PropertY encumbered 6erebq. with interest on snch disbureemente.
~ IN WITNE3S WHEREOF, the said Mortgagor hae e:ecuted tlus mortgage unde~ eeal on the day aed yenr !?~rein
~ first above written. •
~ Signed, seded and deGvered in the presence ot: ~ .
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~ ~sE~L?
, : ar /~n A
~ . C,lCU`'t-'4 l~---- ISEALI .
~ Ju G. Alward
~ STATE OF FLORIDA ~
~ COUNTY OF 3T. LUCIE
~ Allen J. Alward and June G. Alward, his wife of 4037 Redwing,
~ Before me personallY ~P~~
~
~ -Grandvi 11 e, MI . 49418 ~~«~K«<,
~
to me wdl known and Icnawn to~s to be ths indlvidud.$ desrn'bed ia ~nd wbo e:seuted ~ O,~t,
~ ~nd ael~nowLdged beforo ms th~t L.hs,Y. e:ecvted the same for t6e p~upoess therein e~rs~sd'.+. , .
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wt~ss my ti.na .na ot~ ~ c~ llth d,y of I~tarch =.n i~
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