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aha9 have the option W receive and apply the p~ma~on account ui tbs indsbtgdnsae secured hereby a to permit
said Mortgagee to noeive and use it ar any part thsrwt for othse purpoaas wkhout thereby waiving ar impairing
any equity. lien or rtght urdar or by virtue of this mortgagee and iA the event said Mortgagor shaD for orgy reason
tail to keep tM said premises so Insured. or fail to deliver promptly aa~y of said policies of inaorarros to said s
Mortgagee, or tail promptly to p.y fully any peemium therefor. or in any respect tail to perform. discharge,
extvta effect, camplste. comply with and abide by this covenant. or any part hereof. said Mortgagee may place and
pay toe such insurance or say part thereof without waiving a affsatlag any option. lien. equity of right under a by
virtue of this mortgages and the full amount of .each and every such payment shall be immediately dos aed payabis
and shall -bear interest from the date thereof until paid at the me of ten per oentum pee annum and togethee witA
such interest shall be secured by the lip of this mortgage.
To permit. oornmit a softer no worsts. impairment oc det~ioratioa of said property a orgy part thereof.
5. To pay all and singular the poets. charges and. acpenses. including reasorubb lawyer's tees and cost of
abstracts of title. incurred or paid at• any time by sold Mortgagee -because andMr in the went of the faihrre on the
part of the said Mortgagor- to duly. promptly and fully perform. discharge. execute, effect; oomplab. oompbr with
and abide by each and wary the- stipulations, agreemeata. oooditlous and ooveruats of said peomiseoey Hots. and
this mortgage. any or either. and said costa charges and a:penses. each and every. shall be immediately due and
payable. whether or not -there be mtioe. demand. attempt to collect or suit pending: and tbs full amount of each
and every such payment shall bear interest from the date thereof until pair! at the me of ten per oentum per
annum: and ell said costs. clurges and s:penaes so incurred or paid, togethee with such interset~. ahau bs gestured by
the lien of this mortgage.
6. That Ia1 ~ the event of any breach of this mortgage or default oa the part of tbs Matgagar, a Ib1 io the r
• event any of said soma of money herein referred to bs not peomptiy and tunY paid within tart Jaye nest after the
same severally become due and payable, without demand or notice. a Ic1 in the event each and every the stipu4tioos.
agreements. caditioaus and coveoanta of said promissory vote and this mortgage. any a either. a» not duly. k
promptly and folly performed. discharged. executed, effected, oompiated. complied with and abided by. thee. in either ,
or any ouch went. the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest
accrued. and all moneys secured hereby. shall become due and payable-fmthwitb, or thereafter, at the option of said
Mortgagees as fulb? and completely as if all of the said anms of aomey were originally stipuLted to bs paid ~
such day. anything in said prornisaory note. and a in this mortgage to the contrary notwithstanding: and !
thereupon or thereafter d the option of said Mortgagee. without notice or demand. suit at law or in equity.
theretofore; or thereafter begun, may be proeecutd as It all moneys secured hereby had matured prior W its
institution.
7. That in the event that at the beginning of ~ at any time pending any suit upon this mortgage. or to forecbse
itti or to reform it. and/or to enforce payment of any claims hereunder. said Mortgagee shall apply to tM court
having juriadktion thereof for the appointment of a Receiver. such court shall forthwith appoint • Receiver of said
mortgaged property all and singular. including all and singular the rents income profits, issues and revenues [rpm
j whatever source deeived, each and every of which. it bring ezpreealy understood is hereby mortgaged as H
~ specifieatly set forth and described in the granting and habendum clsusa hereof. and each Receiver shall have
all the broad and effective functions. end powers in anywise entrusted by • court to a Receiver, and such appointment
j shall be made by such court u an admitted equity and a matter of absolu4e right to said Mortgagee, and without
reference to the adequacy or inadegwcy of the wine of the property mortgaged or to the solvency or insolvency
of said Mortgagor and/or of the defendants, and that such rents, profits, income, issues and revenues sba11 be applied
by such Receiver aeeocding to the kin and/or equity of -said Mortgagee and the practice of such coral.
8. It is understood and agreed that this mortgage le given to aeaue, in addition to the note a obligation
above dsaerIbed any additional bane a future advances made within twenty years Gem date hereof by the mortgagee
W said mortgagors or any successor in title of said mortgagors of the property hereby conveyed: provided that the-
total unpaid batanoe of the indebtedness secured hereby at any one time shall not exceed the ma:inaum principal
ELYE THOUS{~D SjX HUNDR D p~D nn'1 Do°"" ~
(i~nphuMerest thereon and any drsMnasmea~ mi8e by Ale martgagee the payment of taxes. ~evree or insurance
on the property encumbered hereby. with interest on snap disbar
IN WITNE 1tEOF, the said M has a:ecuted mortgage the day and herein }
first above tai.
deb the ~ -
tSEAL)
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- ISEAL? ;
Y lands Allard
STATE OF FLORIDA ~
COUNTY OF 3T. LUCIE
Before me personalty appeared gain BrOSSdI"d~
Quebec ~aftada ~J4X1K8
to ms weU Inwwn to ms to be and who s:eented the feeegoir?g insdnment,
and -WtbMt,~as e:eented _the same for • therein a:peesasd.
~K~~.~g my •ii~l~„~ eee~", Ode : .li~il v . l9 i'
-'~'~9 . AR y .r
• ' ' ~ - Notary t?ub in and for
•4+ = tM County and Slate Aforesaid.
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~ BOOK314 P~~3 My~ANeal
. June 28, 1983