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poNcy or policies sald tv1UR7CAGEE shal) have the optlan lu rc~eive and eFply tno aams vn account ot Itie indebtecinou setur~d herebv or t~i ~
~orrr~it sald MdRTGACORS to rcccive and use it or any part the~eof for other purposes without theraby walving or impal?Ing any aqulty, t
, fle~ o~ ~ight under or by vl~tuo of thls Mortgaga; and In the avent s~?id MORTGACARS shall for any ~oaspt fa(i to ksep the said pre~rtlses }
- ao Insured, or fail to deliver promptly any of satd poHNes of Msuranta ;o said MOR7GAGEE, or fail promptly to pay fully any p~emium therefor, ,
or in any respest tall to por(orm, dischn~ga, exetute, etfect, tanplete, Comply with and abido by this tovenant, or any part hereof, sald MORT• {
CJ\GEE may place and p3y for such insuranca or any part tharaof wlthout walving or affeeting any option, lien, e~uity, or right u~tdvr or by 4
virtus of this Martgaga, and tFw (u!! amount ot each and every suth payment shall bo Immecitately due and payabla and shalt baar inte~es4
from the date thereof until paid at tlw rate of six~iL~Q1Q7{p$ pe~ cent per annum and togQtlier with such Interest sF?~II l~e setured by tho
Uen of this mortgage. ' •
4, fio permit, tornmit o~ suf(et no wasta, impalrment ar deterioration oI said property ar any part theraof,
5. It is hereby specifically agr• ..1 that any sum or sums which may ba loaned or advancad by the Mortgagee to the Mortgagor at eny
ttme after tha reco~ding of this Indentura, together wilh lnterest thereon at the rate agreed upon at iha time of such foan or advanca, shall be
eqyally secured with and have the same ptlo~ity as iho original lndobtedness, and be subject to all the terms and provition.r, of this mottgage;
Pro~ided, that tha aggregate amount of pNncipal outstanding at any tlme shall ~ot oxceed an amount equa) to ona hundred and fifty per tenf •
(150%) oF the prlncipal amount originally secured hereby.
6. To pay all and ~Ingular the cost~, charges and expenses, lncluding a reasonable attorney's fee and costs of abstract of tltle in-
rrr~ed or paid at any time by said MOR7GAGEE bewusa or in the event of the failu~e on tf~e pa~t of the said MORTGAGOR to duly, promptly
and fully perform, discharQb, execute, effect~ complete~ compty w(th and abide by each and every tha stlpulatlons, agreaments, eondition~
• and covenants of sald promissory note and this mortgage any o~ elther, and sald costs, chargas and expenses, eath and every~ sfiall bs
- immediately due and payable; whether or not thore be notice, demand, attempt to collect or suit pending; and the full amarnt of eath and ~
every s.ich payment shait bear i~terest from tha date thereof until pald at tl~e rote of six ~a(~~~(per centum per annum; and ali sald
' costs, charges and expenses so incu~red or paid, together with such i~ter@st, shall be secu~ed by tha lien of this mortg~Qe. •
a
7. 1'hat la) in the svent of any b~each of this Mo~tgage or default on thepa n of tha MORT~/1~OR, or (b) in the event any of sald
sums of rtwney herein ~efe~red to ba not promptly and fully pald within thirty (30) days nexi after tha sama severaily become dwe and payable,
_ without demand or notlce, or (c) in the event eath and every the stlpulations~ argeements, condlNons and cove~ants of sald promissory note
and this mortgage an or either are not duly, promptly and fully pErformed, discharged, executed, effected, campleted somplled with and
- abided by~ then in eit~jer or any such event, the sald aggregate sum menttoned fn satd promissory note then remalning unpald~ with Interest
accrued, and all moneys secured hsreby, shall become due and payable forthwith, or thereafter~ at the option of said MORTGAGEE, as fully
and comp~etefy as if all of the said sums of ineney were or(ginally sttpulated to be paid or~ such day anything In sald promluory ~ota or In
• thls Mortgage to the cont~ary not withstanding; and the~eupan o~ thereaftar at the optlon of sald A~ORTGAGEE, wttFwut notlce or demand,
sult at law or In equity~ may be prosecuted as,if all monies secured hereby had matu~ed prior to its institutlon.
, 8. That !n tha evcnt that at tho beginning of or at any tlme pending any sult upon this Mongage~ or to foretlose It. or io reform
~ It or to enforte payment of any claims hereunder~ satd MORTGAGEE shall apply to the Court having Jurisdidlon thereof for the ~ppotntment
o~ a Receiver, suth Court shall forthwith appoint a Receiver, of sald mortgaged property al) anc! singul~r~ Includin~t all art,d singular the _
Incomo, proflts, issues and ~evenues from wfiatever source derivad, each !nd overy of which, it beln~ lxpressiy u~dentood, is hereby mort•
~ . gaged as If spacifically set forth and described In the granting and habendum clauses fiereof, and such Recetver shslt have all the broad ond
~ eftective function: snd powers In anywise entn~sted by a Court to a Recaiver, and sLCh appointment shall be made by such Court as an
~ admitted equtty and a matter of absoluts right to satd MORTGAGEE, and without reference to the adequacy or tnsdequary of the value of the
p~o~perty mortgaged or to the sb~vency or insolventy of said MORTCACOR or the defendants, arxi that such rents, proflts, incomes, lssuao
and revenues shall be applted by such Reeeiver according to the lien or equity of said MORTGAGEE and the prattice of suth Court,
~ 9. To duly, promptly and fully parform. discharge~ execute, effect. completa comply wlth snd sbide by oach and every the sNpu.
• lations, agreements, conditions and covenants in sald promiswry note and in this mortQa~e set fwth. . _
~ ` ` 10. That in the event the ownershi of tho mori a ed ~ ' ~
} P B B premises~ or any part thereof, becomes vested in a person other than the
MORTGACOR, tha MORTGAGEE, its successors and asslgns~ may, without nottce to the MORTGAGOR, deat with such suoassor or succeuort
in (nterest with reference !o thts mortgage and the debt hereby secured in the same manna~ as with Mortgsgor wlthout In sny way vitlaNn~
. er diuha?ging tha Mortgagor's Itabiilty hereunder or upon the c+xbt hereby secured. No sate of the premisa heraby mortg~god snd no fore-
bearance on tha part of the MORTGAGEE w Its successors or autgns and no extenston of the tlme for the payment ot the debt hereby secured
given by the MORTGAGEE or its sutcessors or assigns, shall operate to release, discharge, modify, ehanga or effect tha orlgina) llablliry of
g the MORTGAGOR herein~ either (n whola or In part.
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~ i l. It i~ specificaliy agreed that tlme Is of the essente of this contrset and tF?~t no waiver or •ny obligatlon herew~der ar of tFa -
obHgatlon secu~ed hereby shall at any time theroafter be hetd to be a watver of the terms hereof or of ths lnsirument s~tured h~reby.
IN WITNESS WHEREOF, the said MORTGACAR Fws hereunto sat his hand and seal the day snd year flrst afaresald.
Signad, 5eated ~nd del(vared in presence of: •
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t - , i~~jJ~ ~;tl:•.;. ~~,1 f.`l~ii~ ~.~~j ;~~C j.':~G'1~_~~ ; !1~ 1 (~~:lii
~ • "•i~ ,,•.L:~?. ~ G;~:~ ;tr[jr:r,.:~f. irest, ~~,r_ ~ ~r :~:.ctr;;s; ~
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~ ~ nATE'OF FlORIDA ~ -
~ c;~~ Sr ; t J~~:S4: i ~,t::~f.' ~ > ? [~jt, ~r~[~~ ~~(){i I.GC~; ~J1c;l.G,~~['
couNnr oF ~d.~..u.~,.~. ~ .
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~ p~rt~aulFy app~~red ._._._._B4~'lY~Q ~,~'~c..:._ ;_,E
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~ ,~.~'~L;~~ .._CABG' _._.~~____...Y.._._.__._..~.~_ hls wih, to ms waU known, a+~d knorm ro trn ~to b~ tM {ndivldwts d~crtbd k1
~ . Y~~._ : y: execttt~ct t~ foreQotn~ instrurne~t, and xknowledged befr~rs ma that they executed th~ ;~rrse for the ~Rurpos~s tt?tnir~axpresisd;
3~= ~a~ a R Y~••: ~~~u r,rs .
~ ~ . ~ ~~{iMf~S 1r~'1~nd ~nd offlclal s+a~ this-__--•--.:.~~ .Y..__day ot_..~.~ : _ D. b4
f ~ ~ ~ ~ . A. 19_ .
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~ . F I1 c c r;l~ µy Commis:i~n f Rp:rts ;~t.r:F~ ~5, i9~5
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c\ ~ t.' ~ r S. M~d~d Ir Aarica~ Fr~ i GwoL7 So~ .
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W . ? z < Z. FIIEp ANQ RE ~
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t _ . „ ~ ~ - ~ a p~~`~t,, ; ~ . ROGER POITRAS, CLkRK ~
i f'~ ~ ~ t~:i a ~ u :ST. IUCIE COUNTY, FI.ORIDA ~ ~ ~ ~
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