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S RC~ER PO
TRASH.
• l;IERK CIRCUIT CgOUR~~
shall have the option to receive snd apply the same on account of the indebtedness secured hereby or to permit
said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving or impairing
arty equity, Uen or right under or by virtue of this mortgage; and in the event +aid Mo3*.attgor shall for any reason
fall to keep the said premises so insured, or fail to deliver promptly any of said policies of insunttce to said
Mortgages, or fail promptly to pay fulll• any premium therefor, or in nny reayect fail to perform, discharge,
e:cute, effect, complete, comply with area al,ide by this covenant, or any part hereof. sai•~ Mortgagee may place and
pay for such insurance or any part thereof without waiving or affecting any optton, lien, equity or right under or by
virtue of this mortgage, and the toll amount of each and every such pavtrrnt shall immediately due and payable
and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with
such interest shall be secured by the lien of this mortgage.
To permit, commit or softer no waste, impairment or deterioration of esid property or any pert thereof.
5. To pay all and singular the costa, charges and ezpenses. including reewnsble lawyer's fees and coot of
abstrecte of title, incurred or paid at• any time by said Mortgagee because and;'or in the event of the failure on the
part of the said Mortgagor to duly, promptly ahd fully perform, discharge. ezecute, effect, complete, comply with
sod abide by each and every the stipulations, agreethenta, conditions and covenenta of said promissory note, and
this mortgage, any or either, snd said costs, charges and expenses, each and every, shall be immediately due and
payable, whether or not then be notice, demand, attempt to collect or suit pending: and the full amount of each
end every suth payment shell bear interest from the date thereof until paid et the rate of ten per centum per
annum: snd all said coats, charges and ezpenaes so incurred or paid, together with such interest, shall be secured by
the lien of this mortgage.
6. That lal in the avant of any breach of this mortgage or default on the part of the Mortgagor, or Ibl in the
• event any of said sums of money herein referred to be not promptly and fully paid within ten days nezt after the
same severally bernme due and payable, without demand or notice, or Icl in the event each and every the stipulations,
agreements, conditions and covenants of said promissory note and this mortgage. any or either, are not duly,
promptly and fully performed. dixharged, executed, effected, completed, complied with and abided by, then, in either
or any such event, the said aggregate sum mentioned in said promiseon• note then remaining unpaid, with interest
accrued, and all moneys secured hereby, shall become due snd payable forthwith. ur thereafter, at the option of said
Mortgagee. as fully and completely as if all of the said soma o[ Homey were originally stipulated to be paid on
such day, anything in acid promissory note, and or in this mortgage to the contrary notwithstanding: and
thereupon or thereafter at the option of said Mortgagee, without notice or demand, suit et law or in equity,
theretofore, or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its
institution.
7. That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to foreclose
it, or to reform it, andlor to enforce payment of any chime hereunder, said Mortgages shall apply to the court
having jurisdiction thereof for the appointment of a Receiver, ouch court shall forthwith appoint a Receiver of said
mortgaged property all and singular, including all and singular the rents income profits, issues end revenues from
whatever source derived, each and every of which. it being expressly understood is hereby mortgaged as if
! specifically set forth and described in the granting and habendum clause9 F~reof, and such Receiver shall have
all the broad and Affective functions end powers in anywise entrusted by s court to a Receiver. and such appointment
! shell be made by ouch court es en admitted equity end a matter of absolut~• : iRl.: to said Mortgagee, and without
j reference to the adequacy or inedequan n( the value of the propert_• mortgaged or to the solvency or insolvency
I of said Mortgagor and;'or of the defendants, end that such Hots, profits. income, issues and revenues shall be applied
by such Receiver according to the lain and!or equity of said Mortgagee and the practice o[ such court.
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8. It is understood end agreed that thin mortgage is given W secure. in addition to the note or obligation
above described any additional loans or future advances trade within twenty years Erom date hereof by the mortgagee
to said tttortgagoro or any autteasor in title of said mortgagors of the property hereby conveyed: provided flat the
total unpaid balance of the indebtedness secured hereb at any one t' shall not a teed the mazimum principal
~ amount of SIX THOUSAND SEVEN HUNDRED E~GHTY EIGHT~~6788.00~-------------- Douaro
~ 1! 1, plus interest thereon and any disbursements made by the mortgagee for the payment of fazes. levies or insurance
on the property encumbered hereby, with interest on such disbursements.
~ IN WITNESS WHEREOF. the said Mortgagor firs ezecuted this mortgage under seal on the day and year herein
first above written.
Sighed, sealed and delivered in the presence oL•
r ~-c t
:vim"
• ISEALI
Ron Russell~J
Sharon Russell
i STATE OF FLORIDA
ss.
COUNTY OF ST. LUCIE
Before- me personally appeared Ron Russel 1 and Sharon Russell , his wife of ;
-
_
85 Grand River Blvd. , Kitchener , Ontario , Canada ~ ~
to tree well known and known to me to be the individwls. described in and who ezecuted t-#t~~b~o6tB
and acknowledged before tae that ~.heJ(. ezacttted the same for the purposes therein ezperaaed..,;r~' ~u~R
CY, G.-
- r_
WITNESS my hand .red official opal chin 10th day of -Sept., `
e_
Notat~'• .
` pK c~ ~ ~aro~e . •Sk~ es
3~.8 PAGE~.2~3 .t..
3t7~K My commission ettp~ax
March 8, 1982