HomeMy WebLinkAbout2781 f9UQ NAR 20 F!; 3~ ~ 7
fa<rn AHr• ~i c•,k~?iu
SI.tUC1E CGUNTY.(LA.
• ROCtER POITRAS ~
tt~aii culculT ccv~ r
arcr~s ~~i~IF;fr. - -9- ~ `
4~30332
shall have the optbn to receive and apply the saws on account of the indsbtednw secured hereby a to permit
said Mortgagor to receive and ua it ar any part thereof tar otltat purposes without thereby waiving a impairing
any equity, lien or right under or by virtue of this mortgage: and in the event acid Mortgagor ahaU for any twaon
tail to keep the said promiass so insured. or tail to deliver promptly any of acid polieia of faauradoa to acid
Mortgages. or tail promptly to pay fully any premium therefor, or in any rsapaet tail to perform, diaehargs,
e:cute, effect, rnmplets, comply with and abide by this covenant, or any part hereof, said Mortgages may place gad
p.y for such insurance or any part thereof without waiving or affecting any option. Use. equity a right under ar by
virtue of this mortgage, and tM full amount of ach and awry such payment shall M immediately dw and payable
and shall bear iatersat from the date thereof until paid at the refs of tan per osdtum per annum and toptltar with
such interest shall bs secured by the lien of this mortgage.
To permit, rnmmit or salter no waste, impairment a dstariontios of said property ar any part ibersoL
5. To pay all and singular the costs, charges and sspenaa, inchtding reasonable lawyer's fora red coat of
abstracts of title, incurred or paid at• any time by said Mortgagee because sndlor in the event of tM tailors od the
part of the said Mortgagor to duly. Promptly and tupy perform, diaclurgs, execute, effect, oompMts, oomph with
and abide by each and every t[ts stipulations, agrasmanta. oonditbru and covenants of gab pomlaaory note, and
this mortgage, any or either, and said costa, charges and axpanaea, sash and every, shall bs ienatediatdy due std
payable, whether or not there be notice, demand, attempt to collect a suit pending: aM the full amount of each
and every such payment shall bear interest from tM date thereof until paid et the rate of ten per oeatum per
annum: and all said ewta, charges and sxpeetssa so incurred or paid, together with such iataraat, ahaU ba secured by
the lien of this mortgage.
6. That Ia1 in the event of any breach of this matgap a dahult oa the part of the Mortgagor, a (bl is the
• event any of said sums of mousy herein e+etarnd to ba eat promptly and fully paid within tan days nest aRsr td
same severally become due and payable, without demand or sorties, or Icl is the avant each and awry tM atipulationa,
agreemsnu, conditions and oovaaante of gab promiaaory note and thin mortgage, any or either, an not ddy,
promptly and fully performed, diaehargsd, esecutad, effected, completed, ootaplied with and abbd by. than, is either
a any such event. the sorb aggregate gum mentbnd in acid proeaiaaory note then remaining unpaid, with iataraat
accrued. and all moneys secured hereby. shall become dos aed payable forthwith, or thereafter, at the option of aid
Mortgagee, as fully and completely as if all of the acid sums of Homey were originally stipulated to ba paid od
such day. anything in said Promissory note, and pr is thL mortgage to the ooatrary notwithataading: and
thereupon or therafter at the option of sorb Mortgages, without ratios or demand, suit at law a het equity,
theretofore. or thereafter begun, may bs proaeeutad as if all moneys secured herby had matured prbr to its
inatitutbn.
7. That in the event that at the beginning of or at any tins padding any suit upon thin mortgage, or to torscbaa
it, or to reform it, and/or to enforce payment of any claims Mrsundar, said Mortgages ahaU apply t4 the court
having juriadietiod thereof for the appointmadt of a Raaivsr, ouch court shall lorthwith appoint a Raosiwt of ab
~R~B~ Pity all and singular. iacludiag all and aingulir the rent income profits. iaauaa and esvanuaa Irom
whatever source derived, ach and every of which, it being esgesaaly understood is hereby mortgaged y if
specifically sat tort6 and daarn'bsd in the granting and habandum clauaee hereof. and ouch Raaiwr ahaD Nava
all the brad and effective functions and powers in anywise eatevated by • eoyFt to a Receiver. and each appoiatmeat
shall be made by such court as an admitted equity and • nutter of absolute right to said Mortgages, gad without
reference to the adegwcy or inadequacy of the value of the property mortgaged or to the aolveney a insolvency
of aid Mortgagor and/or of the defendants. and flat such rents, profits, income, iaauea std revenues ahaU'bs aP'P~
by such Receiver according to the Lein and/or equity of said Mortgages and the practice of vetch court.
i 8. It is understood and agreed that thu mortgage ie given to aacura, in addition to the note or obligation
above deaeribad any additbnal bane or future advance made within twenty years from data hereof by the mortgegaa
to said mortgagors or ¦ny euocaeor is titM of aid mortgagors of the property hereby conveyed: provided that the
total unpaid balance of the indebtedness eecurd hereby at any core lima ahaU not a:cad the maximum pei>xipal
amount of FOUR THOUSAi;D EIGHT 13UNDRED FORTY FIVE and-----------------39/10(D~ara(g4845.39)
li 1. plus interest thereon and any disburesmsate made by the mortgages tar the payment of taxes, levies ar inwtranoe
on the property eacumberad hereby. with interest on such dieburasmenta.
1
IN WITNESS WHEREOF, the said Mortgagor bore executed thin mortgage under anal on the day and yaaJ~6eriia
first above written.
Signed, sealed and delivered in the presence ot:
~ Ne~rma n Cam. Ma rg~~-.
~ c. (I ~ k~u..-~ -~~l (SEAL)
--~1 i ve Jean Marett
STATE OF FLORIDA
ss.
5 COUNTY OF ST. LUCIE
Before me personally appand Normdn Mar t _ and nl i vp .]Pan MarPtt his ~iife
s
i ~
' to ma wall known -and known to ma to hs the indh?buat S daaa3bd is gad who at[aeatad the
and ackaowladgsd bafo» rag that ..tba..y executed tba ams for the purpoaa therein sspsaaad. ~ "
` i.: 1
WITNE93 my hand .red o[Rdal gad this 20th day ~ FebrUdry_s ' ~_~~f~
• ~l-.
• Notaq Pnb~! ~ elm .a1 .
' (,k ~ Coq std
! cl~~K~~ P'GE2~ Carold~ Jr ~kiles
lty oommiaaioa a~ka~
• March 8, 192
- ~ .E