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HomeMy WebLinkAbout1128 i ' . , . . . ~ , , paQty a~ po!!cles said MORTCt1GEE shall hava ths oplion to recelva and apAly the samo on account of tha Indebtedness secured herebv o~ tn • psrmit sald MORTGAGORS to recetva and use It o~ any patt tharcof for o1F~or purposes without thereby waiving o~ impalring any equiry, Ilen or ~ight under or by virtud of thls Mortgaga; and tn the event said MORTGAGORS slwll (or any reason fail to k2ep tho satd premises . so lnsured, or fail io deliver promptly any of satd polttles of inst~rance to said M4~.Y'GAGEE, or faH promptly to pay fulty any premium th3rafor, or in any ~espect fal) to parform, discharge, execute, affett, complete, comply with and abido by this covenant, or any part hereof, said MORT• GAGEE may place and pay for such lnsuranco or any pa?t theraof withoUt waivin~ or affecting any option, lien, equity, or right under or by virtue of this Mortgago, and the tull amount of each and every such payment shall be immediatsty duo and payabfe and shall bear interest • from the date thereoF until pa(d at the rato of six and2GKtenths per cent per annum and togeti~er with such interest shaii bo secured by the Ilen of this mortgage. three 4. To per~it, commit or suffer no wasto, impat~ment or deterioretion of said property or any part tharcof. 5. It is hereby specifically agreed that any sum or sums which may be loaned or advnnced by the Mortgagee to tha Mortgagor at any ~ time after the recording of this indenture, together with interest thereon at the ~ate agreed upon at the time of such ioan or advance, shall be i; equally secured with and have the sama p~tority as the original indebtedness, and be subject to all the terms and provislons of this mortgage; ~ Provided, that the aggregate amount of prlncipal outstanding at any time shall not exceed an amount equal to ona hundred and flfty per cent (15096) of the printipai amount originally secu~ed hereby. ~ 6. 7o pay all and singular the costs, cha~ges and oxpenses, includi~g a reasonable attorney's fee and costs of abstract of tltle ln• ~ curred or paid at any time by satd MOR7GAGEE because or In the event of the failure on the part of th@ said MORTGAGOR to duly, pramptly and /ully perform, discharge, execute, effect, compiete, comply with and abide by each and every the stipulations~ agreements, condittons ~ and covenants of said promtssory note and this mortgage any or elther, a~d sa(d costs, tharges end expenses, each and every, shail be i immediately due and payable; whether or noi there bu notice, demand, attempt to collett or suu g; and thu full amount of each and • 1 svery such payment shali bea~ interest from the data ihereof untii paid at tl~e rate of six and}¢~4~~per centum Qer onnum; and all safd ~ costs, charges and expenses so incurred or paid, together with such interes~, shal! be secured by the lien ot this mortgage. 7. 7hat (a) 1~ the event of any b~each of this Mortgage or default on the part of the MORTCAGQR, or 1b) in the event any of sald i~ sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally becoma due and payable, without demand or notice, or (c) in the event each and every the stipulations, argeements, eonditions and covenants of said promissory note and this mortgage any or either are not duty, promptly and fully performed, d(stharged, oxetuted. effected, completed tompUed with and abided by, then IR either or any such event, the said aggregate sum mentioned in said Rromissory note then rematning unpaid, with int4rest i- accn~ed, aad ail moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option ot safc~ MORTGAGEE, as fully ' and completely as ff alt of the said sums of money wera orlglnally stipulated to ba paid on such day, anything in sald promissory notcs or In ~ this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of sa{d MORTGAGEE, without not(ce or demand, ~ suit at law or in equity, may be prosecuted as if all monies secured hereby had matured prior to its institution, . i 8. That tn the event that at the beginning of or at any time pending any suit upon this Mortgage, or to forecloso 1~, or to reforrn ~ 4' . It or to enforce payment of any clalms hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment o~ a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged properry all a~d singular, (nclud(ng all and stngufar the tncome, profits, issues and revenues from wFiatever source derived, each and every of which, it being expressly undorstood, is fiereby mort• i~ gaged as if specilically set forth and described ln the granting and habendum ciauses hereof, and suth Recelver shall have all the broad and ! r. effettive functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shafi be made by such Court as an ~ admitted equity~and a matter of abs:rlute right to satd MORTGAGEE, and without reference to the adequaty or inadequacy of the value of the • ~ ~ property mortgaged or to tius solvency o~ insolventy of said MORTGAGOR o~ the defendants, and that such rents, profits, intomes, Issues i: and r~venues shall be applied by such Reteiver according to the lien or equity of said MORTGACs~E and the practice of suth Court. i ~ 9. To duly, ~ promptty and fully perform, discharge~ execute, effect, comptete compty with and abide by each and every tha stipu. ~ { lations, agreements, conditions and covenants in sald promissory note and in this mortgage set forth. . ~ 10. Tt~t(n the event the ownership of the mortgaged premises, or any part lhereoi, betomes vested in a penan other than the ~ MORTGAGOR, fhe MORTGAGEE, Its suctessors and assigns, may, without notice to the MORTGAGOIt, deal with such successor or successon j tn (nterest-vriihseferenee to this mortgage and the debt hereby setured in the same manner as wlth Mortgagor without In any way vltlattng ~ or dtxharging the Mortgagor's Nability hereunder or upon the debt hereby secured. No sale of the premises hrreby mortgaged and no fore- ~ bearance on the part of the MORTGACEE or its successors or assigns and no extension of the tlme for the payment of the debt hereby secured ; given by the MORTGAGEE or lts successors or asstgns, shall operate to reteasc, dixharge, modify, change or effect the orlginal llablllty of ~ ~ the MORTGACOR hereln~ either in whole or In part, h ~ I 1. It ts specifically agread that ttme is of the euence of thls controct and that no waive~ or any obUgatton hereunder or of the obltgaHon sacured hereby shall at any tima thereafter be held to be a waiver of the terms hereof or of the Inatrument secured hereby, i !N WITNESS WHEREOF, the ssid MORTGAGOR has he~eunto set his hand and seal the day and year first aforesald. ~ , Signed, Sealed and delivared in presence of: ~ ~ ; a _ - •-•---~e. r ( ~ - . ~ . - . ~ . . L..'~ . , ~ ? • . - { , ~ ' . - - - FJ1U i te - . Bo n = - - ~i„`_„~._ . , J ~ f : , , -~~.c1. .as ° . ` U t STA?E OF FLORID/1 ~ • Eileeri .~O lA St. Lucie ~ ~ t4UNTY OFw.--------- CHESTER R.~ BOLIN Before m* Persor~ly ~ppeand ----------..W__~:_..._.-------~._:..~_._~.~~ snd __________El~~_--~~.,.~.---_..~....~. hls wife, to me welt known. and known to rtx to ba tM tndividwls describ~d In snd who executad the foregoing instrument, and acknowlcdgrd bafore me that they executed the ssms for the pu~poses tf,erotn axpres~ WITNESS my hand srd offlttsl seal th(s.". S.__day of----..__.___~Q.Ye„~- ~/R. D. 19.64_. ~~~~~4~~hi. ~~_-t''~r~~t '.LL f '''~t._~ ~p~~~' G' j ' ~ y`~ { Notary Publk in snd ior the State of Florida at I.srN. , ! ~.4~~.~~, , ~1~'r~ My comm(sston expl ' ~MF~ 3hb . Q'~ A tC Yi.Y ~ ~ . of iloriQ~ ~t l~ . ~ „ . Mv Com~nisslon fxoira M+~ust 30. 196A =,~i • V~ p A~~o ~ . . { ~L GrsW . . • , . ~ . ` . ~ . _ ' 1'U8 t~ . . : ; <<:. , . . , , ~ . s~ 13~ • P~`~ . - cr~ a . . : . ~ ' , ~ `i . 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