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Home My WebLink About0818:j'~lr r~ ~~.~ r~~f --1.L~.1 r~hc, ur p, !icres said MOF;TC.~GEE shall have the optic.rt to receive and apply the earn, ~n ace punt of the indebtedness secured nerc•by or ro permit paid MORTC•.AGORS to receive and use it or any cart tha~eof for other ~-u~p~ee> -.~iti,-.ut it.rreb, ..awing or impai,icrg any equiri, lien or .fight under or by vie' re of this Mortgage; and firs the event said MLyRTGAGCiR`.• >ha11 for any rcaxn fail to keep the said pwmises zo insured, or fail to deliver promytiy .ny of said polities of Insurance t~ said MORTGAGEE, or fail prorttprly to pay fully any premium therefor, Or in any respect fait to perform, discharge, execute, effect; complete, comply with and abi:ir by this cwanant, or any part hereof, said t.•iORT• C,i~~,i:"c .~ ~; ;-dace and pay for such irsuranca or any part thereof without warning ar affecting any optrcr. ?fen, equity, or right under or by virtue of this Mortgage, eat the troll amount of each and every s~{h payment shall be immediately due and payable and shall bc+ar interest 'rom the date thereof until paid at the rate of slz and six-tenths per cent per annum and toger!vir with such interest shall be secured by the hen of this mortgage. 4. To permit, commit or suffer no wss!e, impairment or det~rioraticn of said property or any part thereof. 5. It is hereby specifically agreed that any sum or sums which may be loaned or advanced by the Mortgage to the Mortgagor at any rime after the recording of this indenture, together with Interest thereon at the rate agreed upon at the time of such loan or advance, shall be equally secured with and have the same priority as the original Indettedness, and be :abject to all the terms and provisions of this mortgage: Provided, that the aggregate rmount of principal outstanding at any time shaft not exceed an amount equal to one hundred and fifty per tent (1500 of the principal amount originally secured hereby. 6. To pay all and singular the costs, charges and expenses, Including a reasonable attorney's fee ant+ costs of abstract of title in- curred or paid at any time by said MORTGAGEE because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly ar,d fully perfurm, discharge, execute, effr!ct, compSets, comply with anc; abide by each-snd every the stipulations, agreement;, conditions and covenants of said prorrrissory note and this mortgage any or either, and said costs, ctsarges snd expanses, each and every, shall be rrnmediately due and payable; whether or not there be notice, der+and, attempt to collect nr suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at thA rate of s(x and six-tenths per centum per annum; and all said costs, charges and expenses so incurred or paid, together with such reforest, stall be secured by the Ilan of this mortgage. 7. That (a) in the event of ary breach of this Mortgage or default on the part of the MORTGAGOR, or (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 or notice, or (c! in the event each and every tFx stipulations, argeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, ef!ected, completed compiled with and abided by, then in eitlxr or any such event, the said aggrcgete sum mentlcxsed In said promissory note then remaining unpaid, with Interest accrued, and all moneys secured hereby, shall btcoma due arrd payable forthwith, or thereafter, at the option of said h10RTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anythlrg in said promissory note or in this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, may be prosecuted as If all monies secured hereby had matured prior to Its institution. b. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or co foreclose It, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shell apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a Receiver, of Bald mortgaged property all and singular, Including all and singuiar the income, profits, issues and revenues from whatever source uerived, each end every of which, It being expressly understood, Is hereby mort- gaged as if spectifically set forth and described in ttse granting end 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 equity and a matter of absolute right to Bald MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, Incomes, lssr~ ~f and revenues shall be applied by wch Receiver according to the Ilan"or equity of sold MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, dixharge, execute. effect, complete comply with and abide Dy each and every the stipu- lations, agreements, conditions and covenants in said promissory note era in this mortgage set forth. ys~ 10. That in the event the ownership of tF» mortgaged premises, or anti part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, Its successor and assigns, nay, without notice to the MORTGAGOR, deal with such succeswr or successors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any :nay vltiating ~ or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- .~ bearance on the part of the MORTGAGEE or its successors or ssslgns arrd no extension of the time for the payment of the deft hereby secured given by the MORTGAGEE or Its wc=essors or asalgns, shall operate to release, discharge, rhodify, change or effect the original liability of the MORTGAGOR herein, either In whole or In part. 11. It is speclfiully agreed that time Is of the esserxe of this contract and that no waiver or arty abltgttlon hereunder or of the obligation secured hereby shall at any time thereafter bt held to be a waiver of fF,e terms hereof or of the Instrument secured -Hereby. IN WITNESS WHEREJF, the said MORTG/1CAF ties h^nunto set hl: hand and seal the day and year first aforesaid $Igned, Sealed and delivered In preser-ce of: Sl-ATE OF FLORIDA • 55. .~.;,. couNTV of .. Si. _Lu~ie..._.._ _ - ~~-;,,~;;r.:••, - ~_• Before me persorsally appeared -_ - -- -_-- DAVID.O..~, NiOItRISON - _-- _.- ..- . _... __.: ~..; ~=i_'--,...',;'add ,,.,.. -~'~ .,.~• -, *,~c*~ ... , _-_. --LY~ARY. 1.L._-AYlOL1RLs70J.] -_ _ _.._ ..._ -_...-_. -his wife, to me well known, and known to me to be the }r~ctinridz,rals ds¢~ibrit!-vIn and who executed the foregoing Instrument, and acknowledged before me that they executed the same for the prsrpeset •Ht~rtal;Gf~K1 ~ -~- '_-. WITNESS my hand and official seal this .._ _ ...-..__-_. __ _. day of_._-.-_._ __-. - -N4Y~II1~S _ _ q 1.c. ~~a.i .: .-: : Note: y Publirj7n acscJ for the State of F at ' i.~,`` . , , My commission ex~fres: r.,~ t. .~~ 8. Zv' f'p /' ::1„,tip` ~ - - ~ I - I 1~.~4.~~3 x ~ ~ ~'_` !N Fl A D RECO DED ~" ~ G~ ~B~OK ~ ~~ `) ~ ~ ~ ~ 1361 IdOV 1 o A!1 I I : 2 I ~_ o ~;~Q» ~ a .t• ~ ~ ~ , ~ N ~ ~ :~~~ ~-~- --c-- • ROGER PQITRA3. CIERK cn . a - ~ ;~ a''; ,~,,,_J~ ~~ ti,IICIE C~~ T~f,~_ OR{OAS ~ ~ \; l W + •~ • j ~1; ~~~ - d t _ r• ~ ~ ,