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Home My WebLink About2241So K 4 2'701 ,wUCy a policies said MORTGAGEE shell haw t!r option to receive and appy tru same un sccxw+t of the indebtedness secured hereby or to . permit said MORTGAGORS to receive and use It « any part thereof t« other purppoosseess without thereby waiving « In+pairing any equity. lien « right under « by virtue of this Mortgage; and M tM event sNd MORTGAGORS shall for any reason fail to keep the said premises so insured, « fail to deliver promptly arry of sold Polities of inwronoe to saW MORTGAGEE, « fail promptly to pay fully any premium tharof«, « in any rtspect fell fo perforrw„ dier~arge, eroegrte, effect. wmple», comDlY with and abide by this covenant, « any part Mreof, said MORT- GAC,EE may Place and Pay /ar such lnstrranoe or arty part tl+e-eof without waiving « of ing my option. lien. ~i end shall bear ni ter et virtw of this ti4ortgap. and the full anrotrtf of each and every such payment shall bet »ly dw and payab free tt+e de» 1 until paW at tM ra» of six and six-tenths per cent par arxwm and together with such interest shall be secured by the lien of this mortgage 4. To permit, corrxnif « wffer no was», Impairment « dtteri«atbn of said property « any part tFaroof. S. It is hereby specifiuliy agreed that any sum « sums which may be loaned or advanced by the Mortgagee to the Mortgagor at any •ime aher Cho recording of this indenture, together with Interest tlrrcon at tM rate agreed upon at the time of such loan « advance, shall be egrglFy secured with and haw the same priority as the original indebtedness, and be subject to ail the »rms and provisions of this mortgage: provided, that the aggregate amount of principal outstanding at arty time shell not exceed an arnarnt egwl to one hundred and fifty per cent (1500 of the principal amount originaiFy secured heroby. 6. To pay all and singular the costs, charges and expenses. including a reasonable att«~ s fee end costs of abstract of title in- cwred « paid at any time by said MORTGAGEE because « in tFse evont of tM failure on t paA of •the said MORTGAGOR to duly, P-omPtM and fully perform, dscFurge, execute, effect. complete. corr~PlY with and abide by each and awry the stipuletioro, agreements, conditions and covenants of said promissory rwte and fhb mortgage arsy or either. and said costs, charges and expenses, each and every, shall be imrradiateFy due and payable; whether « not there be notiq. demand, attempt to collect « wit pending; and the full amax+t of each and awry such payment shall bear Interest from the da» tMreof until paid at the ra» of six and six-tenths per gr-tum per amum; aril all said Costs. charges and expenses so incurred « p,id togetlNr with such m»rost, shall be secured by the lien of this mortgage. 7. That la) In the event of any breach o! this Mortgage a default on the part of the MORTG/1GOR, « (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand « notice. « (d in tFr event each and every the stipuletions, aggeemsnts. conditions and covenants of said promissory rw» and this mortgage asnnyy « either ero not duly. promptly end fully performed, discharged, executed. effected, completed complied with end abided by, then in eitMr « any such event, tFw said a roga» sum mentioned In :.Id promissory rwN then remaining unpaid, with interest accrued, and all rrwlf~ay~s segued hereby, shall become dw and payable f«thwith, « thereafter, at them ~ Mt ~ ~T~ ~ « ir~i and oomple»lyto the contrary rw ~wit~hstanding~and t~heret~ o~ Mrwlefte~r a the mop bnof s~ai MORTGAGEE, without notice « demand. this Mortgap tad as If all monies sewrod F+ereby had matured pri« to its institution. wit at law « in equity, may be prosetu 8. That in the event that at tM bsgiming of « at any time pending any wit upon this Mortgap~ « to forocFose it, « to roforrn it « to enforce payrrunt of a~ claims hereunder, said MORTGAGEE :Full apply to the Court having jurisdiction thereof for the appointment o># a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged Property all and singular, including all and singular the income, profits, issues and reverxres from whatever souru derived, each and every of wl-icl+. it being expressly understood. b hereby mat' gaged as if spectiflalFy set forthtsnd dsscrib~it ~ s~Courgt to a Retei~, end wd+ aPPointment sFull ibs made by wch Court ua~ effective functions anndd Powers ~ nywi by admitted equity and a rrut»r of sbsoFu» right to said MORTGAGEE. and wltFaut reference to tM adequacy « inadequacy of the vaFw of tM property nartgsged « to the solvency « insolvency of said MORTGAGOR « tM defendants, and that such rents, profits, incomes, Iswea a reverwes shell be applied by gush ReoNver aoo«ding to fFte lien or equity of said MORTGAGEE and the proctiu of such Court. and fully perform. disclurge, exewte, effect, tornplete aornplY with and abide by each and awry the stipu- 9. To duFy, promptly letions, agreerrrarMs, conditions end coveratnts in said promissory rwte and In this m«tgap set forth. 10. That in tl+e event the ownership of the nwrtgaged Demises. « any Part thereof, becomes vested in a person other tFun tF+e MORTGAGOR. the MORTGAGEE, its woaswrs and assigns. may. without notice to tM MORTGAGOR. deal with such wccess« « wccessors in Interest with rofererxe to this mortgage and the debt hereby second in the same rrunner as with Mortgag« witFwut in any way vitiating a discharging the Mortgagors liability Mrwrrder a upon the debt hereby sewrod. No sale of the premises hereby mortgaged and no fore- bearanoe on the part of the MORTGAGEE o,r its fuDteseors « assigns and rw extension of the time f« the payment of the debt hereby severed given by tF+e MORTGAGEE « its suttessors « assigns, :Full opera» to rolease, diacFurge, modify. cl+anp « effect tM original liability of tM MORTGAGOR F+erein, either in whole « In part. 11. It is specifially agreed that time b of the essence of fhb contract and that ra waiver « any obligation hereunder « of Hw obligation second Fureby shall at any time tFtsroafter be held to be a waiver of the terms hereof « of tF+e kutnrrnent severed hereby. iF1 W(Tiw `A'F;~~. tFsa ~ d !-!ORT~C~ F+:: F~.r,wrnto set Ns lord and :eel tM day and year first aforesaid. Slgnsd, Sealed and delivered fn pressrtoe of: STATE OF FLORIDA ~ COUWTIf oF~~YBt~---------- ''LL'~~'~/'~I ~- ~. hG~b~~i~~ (BEAU i~~~sa/"ef'o - ~Sr01'$~ Eddi6 -'Thr811-- -- - - -- - - - -_- -- -- - - and .. Qefore rrttl.jpatsonaib apPeer~ed -- -- -- --- --- - ~' 1,~,. 811 his wih, to nw wall F:rtown, and Fuawn to ms to be tM individwls descri in !!~~~ _----------- rrre that tF+sy executed tM same f« the purposes therein exPrs=ad. ;,~, ; inatnrnwrtt, .nor atknowleefged befae+ ,. .,. - t'~ ~. ., D . ~ : ~L~1TN -.~~~ ttttd offldal seal thFa._-_ ~~ ~ ---.day of__-- ___-- 1~ -- - -- --~ - - -- _ --- r `. r%' '• `-' ~ ~ ' ` ' of f'lorida at 1-god PubNe In and i« the of Florida L~r{s. ---- ~.; ~bI~ ~` ~ P Ex~ S~iretY ~ of N. Y• My oarrnission aatDins: c„• ~~ .: , ,.. - •. 1 ~ I W A W ~ V .:~ ~~' ~o ~ I.<<~~~ -~ x ~» ~ li »~ .-~ ` G E t ~ ~hr - ii..l~a''~ ~3 0 t . ~ . ~~ ANORECOROED ~__~ BOOK .8 20 AID 8:37 -. s. ~ ,. ~ POITRA "~ _'= ~ o ~ A ~' ~ _~ ~~. :.~~~ ~s ~ ,; _ ~ • r ~~u •• /` • tJrVZ~7~