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Home My WebLink About2226 459x75 1919 SEP 17 PM ~ 38 N RECOY EU 5~~~~cP01TR~ SA: CLERK CUICUft C RECORO VEPtF1ED._ - shall haw tM optba to receive and apply tM cams oa tooouat of tM iodsbtednw secured hereby a to permit said Mortgagor to eeeeiw and use it a aay part thereof tae other purposes without thereby waiving or aay equity. Ika err right ender or by virtue of chic mortgagee and i4 the event said Mortgagor shall tae aay reason tall to keep the said premises so insured. a tail to deUvsr promptly aay of acid polkies o[ iesorana to eaW Mortgagse,• or itU promptly to p.y tally aay Premium thseetor, or is any reepset fall to peetocm. d4eharga~ acute. effect, complete, comply with and abide by this covenant. or aay part hereof. said Mortgagor may play and pay toe such iasuraaee or aay part thereof without waiving a afteaing any option, lien. equity a rfght Hader ore by virtue of this mortgage, and the lull amount of each tad every such payment ehaU be immediately dw tad paysbla and scull bear interest from tM date thereof until paid tt the me of tea per osacum per annum and together with each interest ebaU bs secured by tM lien of chic mortgage. 4. To permit. commit a coffer ra waste. impairment or deterioration of acid property a any part thereof. b. To pay all end singular the costa. clurges and e:pansss, tncioding ressaubts tawyer'e tees and cost of abstracts of tide, incurred or paid et. any time by said Mortgagee because andlor in tbs event of the taihue an tM part of tbs esid Mortgagor to duty. promptly tad tally grtorm, dieeharge, uecute, efface, complete, aompb? with ' end chide by each sad every the stipulatiooe. agreemsnte. oonditioas and eoveaante of said prordssoey note, and this mortgage. any or either. and said costs. ehtrgss sad upensea. each and every. shall bs immsdiatdy due sad payabk, whether or not there be notice. demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest Iran tM date thereo! until paid et the rate of tea per aatum per annum: sad all said costa. charges and upeasss so incurred a paid, wgetMr with each ir?tereet. shall be secured by the lien of this matgags. 6. That lal in tM event of aay breteh of this mortgage or default on tM• part o! tM Mortga~goe, or Ibl io the • event aay of said come of money herein rdecrsd w bs not promptly sad fogy paid within tee drys neat agar the same swerally become dw and ptyabls. witlwut demand a notice. a Icl in the event etch and sveey the atipnlatioas. agresm.nts. earditbas sad oovsoana of said promiuory note tad this mortgage. aay or either. w not dnb?. promptly and (ally pertormsd. disclurgsd. eaecuted. effected. completed. complied with and abided by. ttrao. in either . or any each swat, the said mate cum mentioned is etW pmrniesory ants then rem.ining unpaid. with iatreeat ; aeuusd, and all moneys secured hereby. shall bscoane dos and payable forthwith. or thereafter. at the option oI said Mortgages. as tatty end oompktely as if all of the said sums of oomsy were oeigitulty stipulated to bs paid oa such day. anything ip said promissory aote~ end or is thin mortpgs to the contrary notwithNandinge end thereupon or thereafter at the option of said Mortgages, without notice or demand, snit at law or in equity. theretofore. or thar..tter began. may bs pwsscutsd u U all moneys secured hereby had matnnd prior w its iaetitution. That in the event that at the beginning of a at any time pending aay suit upon this mortgage. a to teaches it, or to reform it, andlor to encores payment of any eWms hsnunder. said Matgagss shall apply to the court having jurbdietioo thereof for tbs appointmwt of a Rsoetwr, web court shag tathwith appoint a Aaaivar d acid mortgaged property all and singular. incioding all and eiogular the rata income profits, issues sad revsaws from ~ whatever source dscivad, each sad every of which, k being upresaty understood is hereby mortgaged v it ~ speeiRaUy set forth sad dssrnbsd in the granting and habsodum etawes hereof. and sash Receiver ehtd haw all tlrs broad and etfeetiw tunettoas sad powers in anywies eottusted by • court to a Receiver, sad such spp0intment shall bs made by such court u as admitted equity and a matter of absolute right to acid Mortgagor, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or iosotveoey of said Mortgagor andlor of the dsfeadants. and that such rents. profits. income, issues sad revenues ahan be applied by such Receiver according to the '.:in aadlor equity of said Mortgagee sad the practice of each court. 8. It is understood sad ag~~ed that this awrtgags is given to secure, in addition to the note or ob8gttion above described any additbnal bans or ratan advances made within twenty years [rom date herso! by the mortgages . to slid mortgagors a any weoessar is tills of said mortgagors of tlcs property bsnby conveyed: provided thtt the total unpaid btLnce of the indebtedness ..ee~curr~+~aa y tan one time ehaU not ueeed the m.:imum piioeipal amount of Seven thousand five hundreol~ arse Dopan . Is 1. plw interest thereon and any duMuesmeata made by the mortgages for td payment of toes. Levies err iawsranoe , oa the pw~perty encumbered hereby. with interest oa such disburesmsats. IN WITNESS WHEREOF. the said Mortgagor hu a:ecuted this .mortgage ender Beal on the day sad year l~srein first above written. . waled and delivered in ttrs presence of: n ISEALI ~'d~1~/.A IsEAL) Odell S. Slaton STATE OF FLORIDA es. COUNTY OF 3T. LUCIE m. appe.r.d Andrew L. Slaton and Odell S. Slaton. his wife of _ RQpp 486 N.E. Shenandoah Gltwt~ ~Im Ba Florida 32905 to ms well known and Imanrn W me to bs tbs indfvidwl.S daser[bsd io and who easentsd tM.~i~o~ty~ ~r. sad aeknowlsdgsd before ms that .#,hy... esecnta!d the gams far the parpoaM thanin upeesMd.~ : % . WITNE88 my head and ottkLl sstl thL 20 day al< A ~ " ~ w' _ . 2. ~ _ ~ . Notary ~ _ flea. - ttK c~+ Carol . • B~~K~~U PAGE~U March 8, 198~'~