HomeMy WebLinkAbout2521 y „.r t~~, ~ , :
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~ pollty o~ polltles s~id MORTCNGE~ shal! have 1he option to recelva ~nd apply the aame on aaount of tha indebte~ess seturad t?erebv o~ t~~ '
pe?mit sald MORTG/1GORS to receiva and use It or any part thereof for othar pu~posss without thercby waiving or Impairtng any equity, ~
tien or right unda~ or by virtue of thts Mortgage; and in the event said MORTGAGORS shall for Any ~easa~ fall to keep ihe said premtses ~
so insu~ed, or fali to deliver promptty any of sald pollties of insurante to sald MOR7GAGEE, or fall promptly to pay fully sny p~emium therofor, ;
or in any respect fail to perfo~m, discha~go, execute, effect, complete, comply with and abide by this tovenant~ or any part hereof, said MOR7• ;
GAGEE may plate and pay fo~ such insurance ot any part thereof wlthout wair•Ing or affecting any opNon, (len, equity, or right under or by
virtua of this Mortgage~ and the full srnount of eath and overy such payment shall be imitiediately due and payabla and shall bear interest i
from the date thereof unNl paid at the rate of six and six-tenths par tent per annum and together wtth such int~rest shall be setu~ed by tha ~
Uet~ di thts mortgage. ' •
4, To pa~mit~ tommit or suffer no wasto, impairment or deterioratlon of said property or any part tharzof.
S. It is hereby specitically agreed that any wm or sums which mey be loa~ied or advanced by tha Mortgagea to the Mortgagor at eny
time after tha ~ecording of this Indentu~e, together wlth inte~ast thereon at the rate agreed upon at the time of such (oan or advance, shail be
equnHy secured wlth and hava the sams prlority as tfia orlginal Indebtednass, and be subJett to all the te~ms and provislons of thls mortgaga:
P~ovided~ that the aggregate amount of prlnclpal outstanding at any t(me shall ~ot exteed an amount equal to one hund~ed and fifty per cent
(1509~) uf the principal amount originally setured he~eby.
' 6. 7o pay all anc! si~gular tho costs, charges and expenses~ i~cluding a reasonable attorney's fea and costs of abstract of title In- ;
curred or paid at any time by said MOR7GAGEE because or In tha event of the failure on the part of the said MORTGAGOR to duty~ promptly : ~
and fuily perform, distharge, execute, offect, completa, comply with and abide by each and every the stipulaNons~ ag~eements, eonditlons ;
~ , and covenants of aald promissory note and this mortgage any or elther~ and sald costs, charges and expenses, each and every, shall be i
' (mmedlately due and payable; wfiether or ~ot there be notica, demand, attempt to tollett or suit pending; and the fuli amount of each a~d ~
every wch payment shall bear infaresf from the date thereof until paid at th9 rate of six and six•tenths per tentum per annum; and all sald
. costs, tharges and expenses so incurred or pald, together with such interest, shall be securtd by tha (len of this mortgage. _
' 7. That (a) in the even~ of any breach of this Mortgaga or default on tha part of the MORTG/1GOR, or (b) in the event any of sald ~
sums of money heretn refe~red to be not prompity and fully pald within thirty (30) days neact after the same severalty become due and payable.
. without demand or notite. o~ fc) in the event each and evary the stipulations, argeements, conditiau and tovenants of said promluory note
and thls mortgage any or elther are not duty. promptly and fully performed, disct?arg2d. executed, affected, compiated compUed with and .
abicied by, then ln eifher or any such avent~ the said aggregate sum mereNoncd in satd promtssory note then rcmalntng unpald~ with inte~est
actrued. and all moneys secured hereby, shall betome due and paysble forihv~ith, o~ thareaftar~ st the option of sald MORTGAGEE, as fully
and comptetely as if all of the said sums of money were origtnally stipulated to be paid on such day. anything In said prom(ssory note or in
~ this Mortgaga to the contrary not withstanding; and thereupon o~ thereafter at the optlon of sald MORTGAGEE, wlthout nottce or demand,
sui~ at law or in equtty~ may be prosecuted as if ail monies secured hereby had matured prior to its institution. ,
- ~ 8. That in the event that at the begtnntng of or at any ttme pending any suit upor~ this Mongage, or to foreclose it~ or to ~eform
it or to mforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court F?~ving JurisditNon thereof for the appofniment
~ - o~ a Reteiver, such Court shall forthwith appoint a Recetver. of sald mortgaged property sil snd singular, intluding ali and singular the
tncome~ profits, issucs and revenues from whatever sourca derived, each and every of which. it being expressly unde?stood, is hereby mort• ~
gaged as if specificalty set forth and described in the granting and habendum ciauses hereof, and uxh Rete(ver shail have aii tha bra~d and .
~ effective functions and powers in anywisa e~trusted by a Court to a Recelver, and such appolntment shall be made by such Court as an ~
admttted equity and a matter of absotute rlgh~ to said MORT'GAGEE, and without ~aference to the adequaq or inadequacy of tha value of the
property mortgaged or to the solvenry or tnsolventy of said MORTGAGOR or the defendants, and that such rents~ profits, incomes. issue~ ~
and revenues shall ba aRplied by such Receiver actording to the Uer~ or equity of sald MOR7GAGEE and the practice of suth Court. ~
' 9. 7o duly. promptly and fulty perform, discharge~ execute, effect, complete comply with and abide by each and every the sttpu-
- lations, agriements. conditions and covenants in sald promissory note and in this mortgage aet forth. ,
~ 10.~~ That in the event the ownership of the mortgaged premises, o~ any part the~eof, becomes vested in s person other than tho ~
MORTGAGOR, tha M9RTGAGEE, its successors and assigns, may~ without notica to the MORTGAGOR, deal with such successor or successon ~
. in interest with reference to this morigaga and the debt hereby setured in the same mannet as with Mortgagor without in any way vitiaNng {
: or diseharging the Mortgagor's Iiability hereunder or upon tha dabt hereby secured. No sale of the prcmises hrreby moffgaged and no fore-
bear~nce on the pan of the MaRTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured
1 ~ gF?e MORTGAGOR here n~ eithersin~who e o rinasP1saigns, shall operate to release. discharge, modify, change or effect tha origtnal Ilabiltty of {
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; 11. It is specifiuily sgreed that time is of the essence of this contract and thst no waivsr or any obligatlo~ hereurider or of the ~
~ obligation secured hereby shall at any ttme thareaRer be heid to be a wafver of the terms hereof or of tha instrument secured hereby.
~ - IN WITNESS WHEREOF~ the sald M4RTGACOR has hereunto set hts hsnd and sesl the day and year first aforesald.
' Slgned, $ealed and dsitvered in presence of: .
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STATE OF FLORIDA C~ i
ss. (
St Lucie
COUNTY OF~.__._.'~___.w._~ - {
BYRON W ROGERS '
~~~s(vra'~tns.~rwnally ~ppaand ^ ~__.i...._ . a~d ~
~ RaGERS~. _ ni: ~r~, w m. wen knowr,. sna krwwn ro m. ro b.'c~+e t~?ww~s dau~~d in ;
~ sntl ~flp•'exetuted t~b~•r ~eoing (nstrument, ~+d acknowledaed before me thst thty exetuted the ~ma fnr the purposes thercin ~res~d. ~
' . : = o~a?r: = ~
r, . . ~JIj~SS my F~nd ~nd officlal seal this~ ~p~
~ ' y D2CGIYI~Y' ~ 64
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