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Home My WebLink About0798_..~. eo~'f ,x>hcy or policies said h10RTGAGEC s<,all have the option to retelve and apply the saint, ~n a.count ef.the indebteJness secured hereby or ro permit safci MORTGAGORS to recrive and use It or any pert tfrereof for other purposes without thereby waiving or impairing any equity. lien or right under or by virtue of this A?or`gt','r: and in tlw avant se id MORTGAGORS shall fo• any reason fall to keep the said premises so insured, or fail to deliver promptly any of said policies of Inwrance to said fv!ORTGAGEE, or fail promptly to pay fully any pren:iurn therefor, or in any respect fall to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any partohereo~, said MORT- GAGEE may place snd pay for such insurance or any part ttseroof wlthwt waiving or attesting any option, lien, equity, q t under or by virtue of this tvlortgage, and the full anaunt of each and cnrery sutih pa/mast shall be immediately due and payable and shad bear interest from the date thereof until paid at the rate of six andYilitenths par cent per annum and together with such interest shall be secured by t~z lien of this mortgage. pigg 4. To permit, commit or suffer no waifs, Impalrme,~t or deterioration of said property or any paFt thereof. 5. It is hereby sped}ically agreed tlwt any sum or sums which may be loaned or tdvanced by the Mortgagee to the Mortgagor at any +ime after the record'ing of this indenture, together with Interest thereon at the rate agreed upon at tho time of such loan or advan:e, shall be equal{y secured with and have the same priority as the original lnclebtcdness, snd be sabjoct to all the terms and provisions of this mortgage: Pro•:ided, that the a6gregare amount of principal outstanding at :ry time shall not exceed an amount equal to one hu:,dred and fifty per cent (ISO%) of the principal amount originally secured hereby. 6. To pay all and singular the costs, chargos and expenses, including a reasonable attorney's fee and costs of abst•act of title in- curred or paid at any time by said MORTGAGEE because or in the aeons of the failure on the part of th8 said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and Avery the stipulations, agreements, conditions mmed ately tduef and payable~whetheraordnotsthere be notlce~rdelmand, attemptdto collect to rinsj,~~end ng; a~sthe full amount of eaehland every such payment strall bear interest from the date thereof until paid at the rate of six and enths per centum p„r annum; and all said coats, charges and expenses so incurred or paid, together with such interest, shall be secured by the lien of this mortgage. 7. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) '.n the event any of said suns 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 or notice, or (c) in the event each snd every the stioulations, argeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed compl;ed with and abided by, then in either or any such ovens, 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 fnrthwith, or thereafter, at the option of said -AORTGAGEE, as fully and completely as If all of the said sums of money were originally stipulated to be paid on such day, anything in Bald promissory note or in this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or cemand, suit at law or in equity, r,ay be prosecuted as if all monies secured hereby had matured prior to its institution. S. That In the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereundef a 1R elOveTG fGEaEdslmlolrfpply~to the Couall andgsinriuarr,tl ncludingfallrand sl~ularmthe of a Receiver, such Court shall forthwith epee g g P oPo N g income, profits, iss,res and revenues from whatever source derived, each and every of which, it being expressly understood, Is hereby moi~- gaged as if spectificalfy set forth and described In the granting and habendum clauses hereof, and such Recel:er shall have all the broad and effective furr_tions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to card MORTGAGEE, and without refererxe to the adequacy er inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGP" `p or the defendants, and that such rents, profits, incomes, issues and revenues shall be applied by such Receiver according to the Iles or eve. , `said MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, discharge, execute. effect, complete comply with and abide b; each and every the st'~u- lations, agreements, conditions and covenants in sold promissory note and in this mortgage set forth. 10. That In the event the ownership cf the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or successors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore beararxe on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effect the original liability of the MORTGAGOR herein, either in whole or in part. i1. It Is specifically agreed that tine is of the essence of this contract and that no waiver er any obligation hereunder or of the obligation secured hereby shall at any time tfereafter M held to bs a waiver of the terms hereof ur of the instrument saluted hereby. IN \NITNESS WHEREOF, the sold MORTGAGOR has hereunto set his hand end seal the day and year first aforesaid. Signed, Sealed and delivered fn presersu of: ~ r ~~ A OF FLQRI ~ e r } SS. ~L~~ ~~ r, %/l%i 1L Cf' ~': l :PLC` ; l~[!7 JL (SEAL) COUNTY OF. ~ -.-- Before me personally appeared - -- --- )3IL11Y I~lORMAN _ - . -- - - and V-~- [\]QRMA~ ..- - __ his wife, to rr+e well known, and known to me to be the individuals described in a~; " p~lt>p foregoing instrument, snd acknowledged before me that they executed the same for the purposes therein expressed. . ~....,,e, ~.. ,, . ~t . . .. ,: •~tiZi~S Aaq`harrd and official seal this __ .,~ G~ - _ -day of .. NOVEm~r 1. f.. D. 19 62 ,• : _~ - -~ ~ \`v - of ry Public in and for the State of Florida at Large. - ~~ ~. ~ My commission expires: ~ .'• ~•~'• _.. '" ~'~ NoUry Public, Stets of Florida at Letgf •, ~ ,r ~^;~~~ ,,~' My Comnrss~on Expires June 17, 1966 ' ' Bonded tty Amerian Swett' Co. of N. Y. ..,... • l I I i ~~ W C~ ~o ~ ~a~ a°° b w ,~ ~- A ~ ~`:; a ~~~ ' ' - %. . . : ;.' 1 E1LED AND RECORDED ~ N ~!-~gcord ~aOK ~ ~ a _ 1962 NOV 16 AM 8: 48 `n ~ a ~ a~ RQC LR ppITRAS, CLERK LUCIE COUI~YY. FLORIDA ~ ~~ ~ ~ a St. ,vD Ltd ~ ~ ~ D .~