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Home My WebLink About2263 0,. ~. BJ:K 8 us ,>,'l,cy (" ~):icies said MO~TGA~E sf-~II hav~ the ovtim to recei~e .nd .W'y In<' >-tInt: "n acc .>unt ot l~ i~bredne\i secured her~b,' Or ILl ~rr,;'! ;ald MORTGAGORS to le<~i,e aM 'h~ it cr .ny p.rt thereof f.:>r otne' pU'p"l\L'S witheu: the'eby wal~mg Cr impairing any eQul:v, lien <,)l' rla"t under or by ~irtue of this Mortg.ge; and in the event SA ,d MORTGACORS shall h, .n'l' rt'ason fail to \...eep the ,aid prt'(J'lI,b SO insured, or fail to deli~er promp~ly llny of s.lIid pJliciM of insur..nc.. I.) :_'Hj MORl CACtE, or 1.1" prc-mptly to ~y fully any premIum therelGI. cr in any re~t f.1I to perform, discn.'ge, execute, effect, complete, comply WIth and a~.de by Ih.s c.:>,,~nant, or any part hereof, s.lIid MORT- GAGEE may place .nd pay fO( such insurance ~ .ny part the'l'Of withe'llt walVm~ or aHect,ng any oplioc" lien, equity. or rig!.t unde, or by ~i,tve of this Mortg~,., and t>'e full amcunt ,,( ~ch .nd e"ery such payment shall ~ .mmi:d,alely due and ~yable and shall bear ml ~'est I,om the date thereof until paid at the rat6 "f six and six-tenths per c~nt per annum .!Od t"gethe' wllh such Int~'e'it sh.)11 be H,<:ured by t...,., lien of this mottg.ie. 4, To permit, a>mmit or suffer no waste, impairment or detcrieration d Slid F'operty or any part thereof, 5, It is hereby sp..>cific.,:iv agreed that lony ~"m or Sums whic!-l m.1, be ICo.lInt'd Or advanced by t'lC "'ortgagee to the M.:>rtS.Jg,,,r Jt ani .ime after tnc recording of this indentu',,", together with interest the,eon at the rate "greed upon .,t the time of such loan or advance, sha'l 9~ equally so,cured ....if;' .nd have I~ same priority AS t~ Orili",,1 indebtedn.e~, and b~ subj~ct to all the te,ms and provisions of tnis morlgage: Provided, that the a~gregate .mcunt of prinei,"1 outstanding .t llny time shell "vt exceed an amOUnl equal to one hundred and fifry per ce"t (150%) of the prin.;;ipal amount orilinally secured hereby. 6. To par .11 and singular the costs, charges and expenses, Including a reasonable attorney's fef' and c('sts of abstract of title in. curred or !)aid .t ar,)' time by said MORT~GEE because 0' In the event of the failure on tne part of the said MORTGAGOR to duly, p,omptly and fully perform, discharge. execute, effect, complete, comply with and abide by each and every Ihe stipulations, agreements, condition, and covenants of said p,omiuory note ,.,d this mortgage any or ejth~r, and said costs, charges and e)(p..nses, each and every, shall be immedialely dw .nd payable; whether or not there be notice, demand, allempt to collecl Or suil pending; and the full amount of each and every such payment shall bear interest from the date thereof until pa id at the rate 0; six and six-tenths per cenlum per annum; and all said costs, charles and e>epenses so incurred 01' paid, together with such Interest, shall be secu,ed by the lien of this mortiage. 7. That (a) in the event of any breach of this MOI'tg... Of default on the part of the MORTGAGOR, or (bl in the e~ei'lt any of sad sums of money herein referred te be not promptly and fully paid within tl.irty (30) days next after the same severally become due and payable. without demand or nolice, or (eI in the evenl each and everv the stipulations, argeements, conditions and covenants of said pr.xnissory 'lOte and Ihls mortgage any or either are not duly, prvmptly .nd 'fully performed, discharged, executed, effected, completed camplied with and abided by, then in either or any s.xh event, the said aggreg.te sum mentioned in s.lIid promissory note then remaining unpa;d, with inlere,t llCcrued, and all ~ secured he'eby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely II' If all of t~ said sums of money we>8 origin.lly stipulated to be paid on such day, anything in said ,>romissary note or in this Mortl~~ to the contrary not wilhstandlrs; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit .t ~w or in equity, may be prosecuted as if all moni~ secured hereby had matured prior to its instilution, 8. That in the event that at the beginninl of or at .ny time pending any suit upon this Mortgage, or to foreclose it, or to reform itJ 01' to enforce paymMIt of arw claims hereunder, said MORT~GEE shall apply to the Court having jurisdiction thereof for the appoinlment Of . Rec~iver, such Court s~1I forthwith appoint a Recei..er, of said mortgaged property all and singular, including all and singular tLe lneome, profits, I~ues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mort. g.ged as if spectifically set forth llnd described in the grantinl and habendum clauses hereof, and sue,", Receiver shall have all the broad and effoctive functions and po'..-ers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an .mnlited equity .nd a INtter of absolute right to said MORT~CEE, .nd without reference to the adequacy or iniJdeqUKy of the value of the property mortgaged or tu the solvency or in~lvency of said MORTGAGOR or the defendants, and lhat such 'ents, profits, Incomes, ISSUe> .nd revenues shall be applied by such Recei....r accordini to the lien or equity of said MORTGAGEE and the practice of such Court, 9. To duly, p',)mptly and fully perform, discharge, execute, effect, complete comply With and abide by Neh .nd every the stipu- lations, .greements, conditions .nd covenants In said promissory note and in this IT\C',rtgaie set forth, 10. That In the event the ownership of the mortiaged premises. or llny part thereof, beccmes vested in a person other than the MORT~GOR, the MORT~GEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or succ~sors in interest with refererlCe to this mortgage and the debt hereby sec1Jred in the same manner as with Mortgagor without in any way vitiating or discn-r,ing the MOrlplOr's liability hereunder or upon the debt hereby secured. No s.lIle of the premises hereby mortgaged and no fore- belly.nee on the pllrt of the MORTGAGEE Of' its successors or assiam and no extension of the time for the payment Of the debt hereby secured given by the MORT~GEE or its successors or assigns, sNII oper.te to release. discharge, modify, change or effect the original Ii.blllty of the MORTGAGOR herein, either in whole or in part. 11. It Is spec.ifically .ireed that time is of the essence of this contraet .nd that no w.lver or any obligation hereunder or of the obliption secured hereby sn-II .t llny time therNlter be held to be a w.iver of the terms hereof or of the instrument secured hereby. IN WITNESS WHEREOF, the ~Id MORTGAGOR n.s hereunto set his Nnd .nd se.1 the day .nd year first .foresaid. Slpled, Sa.led .nd delivered in presenee of: ~ l.../~' _.. .:... J STATE OF FLORIDA COUNTY OF Indj~J! Ri V~:r____ . . ;It k-l' .c,~L./ ~, /- ~~~~J (SEAU (SU..U Before me ~rscnally appeared .. __ _____ C;, h_~rl~8.J.)~~P:': Y BaJl e~ .~ and .._-_' .-B_~r..?TO'~~_J~~M~.y._~____ ._..___ .____.....:__. hl~ wife, to me well knDwl'1, .nd knoWl'l to rile to be the individuals described In and ,~.\~~~,....the ,~ointl instrument, and aeknowtedpd before me that they executed the same for the purposes therein expressed, ,.' ,'~' ,....... -/'. '. L ."ft. ," " '. .., JJ.~..:-. ' U' ~ ~ .~., "W'~ ,;.,y, 'e-~ Mtd offici.' seal this_. . ---. - _..-. l~./,~\ Oo:'~1 : ;..':;~:~:~,,~ '-' . \. ~u (i' '-' . ;. -::. ~, . ::J k \,~ .: ,"" :;- \t~~,., ;-i~~ ,.>\-.", .--.....~ln' _ , A. D, 196J . -doy ~ "" ~~"""""" ..___'__.. .:_ L.t>_._~_~ J.y_~~n ____ n_____. ,. Notary Public In and for the St.te of ~Iorid. .t Lar.e. ',./My commission expI~tary Pof?llc. 'Stale tf Florida at Lu 9 y ~ommlsslon Expires Oct, 27 l<Jl~ cmeed ~ Amer~an SUrAtV"'~ Q"" " . .1 ...,~- rt.)" 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