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Home My WebLink About1749 :j.ll. ~:..r. 10 PACE2tJU '- . ,)OtIC, or policies ~id MORTCAGEE ....II h.ne the. option to NCIIive and .flPly tne w."" un ,jcc~t of the Indo>btedn~s se.:ure<l ner~y Or 10 permIt said MORTCAGOR$ to rec:efve ...-i use It Of any part ~ for other purposes without thereby waillin. or lI"IWi.in. any CQUlt". lien Of' .iaht under Of' by virtue of thIa ~; end In the ~ aill MORTCAGORS .11 100 any renon fail to keep the said premises so insured, Of' fail to deU,* promptly wrr of aid poIides of lnIurence ta said MCRTGAGfE. Of' fAll prOft"lC)tIy to pay fully wry premium thereto" o. in any ~ fail to ,.,fonn. disch.ree, e>eecute. effect, comp..... comply with and IIbIde Dy this ~t, Of' wry part hereof, saiel MORT. GAGEE may place and pay for such l'*Mance Of' M\)' pert thereof without _iyin. Of' efMcttnc ....y option, lien, equity, Of' richt under Of' by virtue of this MOt't..... ...-i the full amouat of Nc:h and .....ry IUCh peyment shall be immediately due and payabl~ and shall bur interest 110m the date thereof until paid at the r.te of six ____,., cont pet' annum and totether with such interest shall be secured by the hen' of this mortPI.. 4. To permit, commit or suffer no waste, impairment or deterioration of ~id property or any part thereof. 5. It i;- hereoy sp..'Cilically alreed that any sum or sums which ft\a)l be loan<Xf or advanced by the Mortgaaee to the Mortgagor at any .ime alter t....~ r<,cordlng of this indt'nture, to;tether with interest thereon at the rate agreed upon at t~ time of such ~n or advance, shall be ~lly secured with and ha.... the same pflority es the .orilinal Indebtedness. and be subject to all the terms aM provisions of this mortga,.: Provided, that the af;gregate amount of principal outstanding at any time shall not exceed an amount equal to one hundred and fifty per cent 1150% 1 of tho! principal amount orilinally secured hereby. 6. To ~y all and s'"lular the costs, charges and expenses, includl"l a reasonable attorney's fee and costs of abstract of title in- curred or paid at any time by said MORTGAGEE beause or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform. disch.rge, eX<lCUte, effect. ~e. comply with and Abide by each and every the stipuf.tions, elreemenh, conditiQf'ls and covenant~ of said promIssory note and this mort gale any Of' either. and said costs, ch.rges and expenses, eKh and every, shall be immediately due and payable; whether or not there be notice, demand, attempt to collect or suit pendinl; and the full amount of each and every such payment shall bear interest from the dIlte thereof until paiel at the rate of six lIIIltlUtJCX1Xs per centum per annum; and all said costs. charlles and expense. so incurred or paid. together with such Interest, shall be secure<fby the lien of this mort..I., 7. Th.t la) In the event of any breach of this Mortla.. or default on the part of the MORTGAGOR. or (b) in the .........t any of said sums of money herein referred to be not promptly and fully paid within thirty 1301 days next after the same severally become due and payable. without demand or notice. or Ie) in the event each end every the stipulations, arleements, conditions and covenants of said promissory note and this'mo"lilge any or either are not duly, promptly .nd fully performed. discharaed. exeCuted. effected. completed complied with and abided by, then in either or any such event. the said aggregate sum mentioned in said promissory note then remaining unpaid. with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, Of' thereafter, at the option of said MORTGAGEE, as fully and completely as if III of the said sums of money _re Of'iginally stipulated to be paid on such d.-,-, ally1hing. in said promissory note or in th:~ Mortgage to the contrary not withstandinl; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity. mat' be pros~ut'Xl as if all monies secured hereby had matured prior to its institution. 8. That in the event that at the beginning of Or at any time pending any suit upon this Mortgage, or to foreclose it, Of to reform it. or to enforce payment of any claims hereunde~, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointMCr\t of a Recei.~er, such Court shall forthwith appoint a Receiver, of said mortgaged propert)' all and singular, including all and singular the income, profits. issues and revcnuc~ from whatever source derived, each and every of w:-'ich, it being expressly understood, is hereby mort. gaged as if spectilic.ally set forth and described in the grantinl and habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver. and such appointment shall be made by such Court as an admitted equitv and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy Or inadequacy of the yalue of the property mortgaged or to the solyency or insolyency of said MORTGAGOR or the defendants, and that such rents, profits, incomes, l~ and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. - To duly, promptly and fully perform, discharge. execute, .ffect, complete comply with and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the ownership of the mortlaged premises. Or any part &hereof. becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assians, mey, without notice to the MORTGAGOR, deal with such successor or successors in interest witl> reference to this mortgage and the debt hereby secured in the same mariner as with Mortgagor without in any way vitiatinl or discharging the Mortgagor's liability hereunder Of' upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE.... its successors or _Ians end no extension of the time for the payment of ;ne debt hereby secured giyen by the MORTGAGEE or its successors Of' usilns. shall operate to release, discharge, modify. chanle or effect the original liability of the MORTGAGOR herein. either in whole or In part. . 11. It is specifically agreed that time is of the essence of this contract and that no _i....r or any obligation hereunder or of the obli..tion secured hereby shall at any time thereafter be held to be e w.i....r of the terms l}ereof or .of the instrument secured hereby. IN WITNESS WHEREOF, the said MORTCAGOR has hereunto set his hand and seal the day and year first aforesaid Silned, Sealed end deliyered in presence of: ~~ STATE OF FLORIDA l f SS. COUNTY OF Indian River ~,-:. /J _ , .. r:- /J Ie< 1.. if q, P. ("~ ({~.:, (SEAU ISI:AU Before me personally appeared E. C.. ~ollins, Jr. and . Marilla .G.. Collins and who :><ecuted the foreloinl instrument. and his wife, to me well known, .nd known to me to be the indiyiduals described in acknowledled before me that they executed tke s.:ome for t~ purposes tMrein expressed. .2 8 ../. " . WIlNESS ~'hand .nd official seal this . . ~ ' . .., " .' , deyof July , A. D. 1961 . /~~~... ~ery Public in .nd for tke Stete of Florida at Larle. 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