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.h.u have the i~pllo v6R1i1E0
option to receive and apply the cams on account of the indebtedneaa securod hereby a to permit
said Mortgagor to e~eoetve and use it or any part thereof for other purposes without thereby waiving or impairing
any equity. Uen or right under o< by virtue of this mortgage; sad is the event said Mortgagor shall tot any reason
fail to keep the said premises so insured. or tail to deliver promptly any of said policies of iasurana to said
Mortgages. or fai! promptly to p.y fully any premium therefor, or is any respect fait to perform, discharge,,
e:cute. effect, complete, comply with end abide by this covenant. or any part hereof, said Mortgagee may place and
pay for such insurance or any part thereof without waiving or affecting any option. Uea, equity or right under or by
virtue of this mortgage, and the full amount of each and every such payment shall be immediately dw and payable
and shall bear interest from the date thereof uatU paid at the rate of ten per centum per annum and together with
such interest shall be secured by the lien of this aartgage. "
4. To permit, commit or nutter no waste, impairment or deterioration of said property or any part thereof.
S. To pay all and singular the costs, charges and ezpenses, iaduding reasonabb b?wyer's tees and cost of
abstracts of title, incurred or paid at• any time by said Mortgagee because and/or in the event of tbs faUurs ~ the
part of the said Mortgagor to duly, promptly and fully perform, discharge. execute. effect, complete, comply with
and abide by each and every the stipulations. agresrnents. conditions and covenants of said promissory note, and
this mortgage, any or either. and said costa. charges and expenses. each and every. shall bs immediately due and
payable, whether or tat there be notice, demand. attempt to collect or suit pending; and the full amonnt of each
and every such payment shall bear interest from the date thereof unh7 paid at the rate of ten per ceatum per
annum: and all said costs, charges and aspertses so incurred or paid, together with ouch interest, ahaU bs secured by
the lien of this mortgage.
6. That lal is the event of any breech of this mortgage or dehult on the part of the Mortgagor; or (bl in the
• event any of said same of money herein referred to bs not promptly and fully paid within ten days nest attar the
same severally become due sad payable. without demand a notice, a lel is the event each. and every the stipWations,
agreemsuta, conditions and eovanants of said promissory note and this mortgage, any or either. ors not duly. s
promptly and fully performed. disclurged, executed, effected, completed, oornplied with and abided by. then, in either
or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest
accrued, and all moneys secured hereby, shall bernme due and payable forthwith, or thereafter, at the option of said }
Mortgagee, as fully and completely as if all of the said snms of nomsy were originally stipulated to be paid on `
such day, anything iA .aid promissory rau, and or in this mortgage to the contrary notwithstanding: and
thereupon or thereafter at the option of said Mortgagee, without notice or demand, suit at law or in equity.
theretofore, a thereafter begun. may be proascuted as if all moneys secured hereby had matured prior to its
institution.
7. That in the event that at the beginning of or at nay tiros pending any suit upon this mortgage, or to forecbee
it, or to reform it, and/or to eatorce payment of any claims hereunder, said Mortgagee shall apply to the court
having jurisdietioa thereof for the appointment of a Receiver, weh court sheD forthwith appoint a Receiver of said
mortgaged property all and singular, 'including all and singular the rents income profits. issues and revenues from
whatever source derived. each and every of which, it being 'expressly understood in hereby mortgaged as it
specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have
all the broad and effective functions and powers in anywise entrusted by a court to a Receiver, and each appointment ~
shall be made by such court as an admitted equity and a matter of sbsolute right to said Mortgagee, and without
reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency
of said Mortgagor and/or of the defendants, and that such reefs, profits, income, issues and revenues shall be applied
by such Receiver according to the kin and/or equity of said Mortgagee and the practice of each court.
8. It is understood and agreed that thin mortgage is gives to secure, in addition to the note a obligation
above described any additional k+aaa a tnturo advances made within twenty yearo from date hereof by tM mortgagee
to said mortgagors or any sucoesaor is title of said mortgagors o[ the property hereby waveyed: provided that the
total unpaid balance of the indebtedness secured hereby at any one time shall not exceed the maximum principal -
amount of Six thousand seven hundred and eight saved~ dollars Dollars
li 1. plus interest thereon and any disbursements made by the mort~agee tar the payment of tares, levies or insurance "
on the property encumbered hereby, with interest on such disbursements.
IN WITNESS WHEREOF, the said Me+rt r has executed this mortgage under sad on the day and year herein
first above written.
Si~ed.~tsaled end ~r-the o
e y owe ~ IsEALI
ISEAL?
sera .Lowe
STATE OF FLORIDA
as.
COUNTY OF 3T. LUCIE
scions me personally .ppeared Wesley E. Lowe, and Kathleen H. Lowe his wife of .
1207 Alamanda Lane Cocoa Florida 32922
to ms welt and known to ms to bt the individual.. described io and who executed the tor+sgoing inetrvmeat,
sad ' ~ • ~ro me that ....ha.... eseatted the same for tLs purposes therein s:presssd.
i. ~7~~'my±`.;.l~;ea° end ot8eial sad this dq of August le 79
a ~ f ~ i. ~ Notary Pn in. and for
~ _ ~ r~ n to Aforesaid.
~ S~~KJ~6 PdGE~~;,Vl M oornmi.aioa
~ • June 28, 198