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,r:,hcy ur policies said h10RTGAGEE shall have the option to receive and apply the wine ~n account of •he indebtedness iecured hereby or ro
p^rmit said t.10RTGAGORS to receive and use it or any part thereof for other purp,^ses vvithx-t~ reby waving cr impairng any equity,
hen or right under or by vir!ue of this Mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises
so ins,ued, or fail to daivzr promptly any of said policies of insurance to said h1UR1GAGEE, or fail promptly to pay fully any premium therefor,
or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hertot, said MORT•
GAGES may pta~e and pay for such insr•rance or any part thereof without waiving or affecting any opticn, lien, equity, or right under or by
virtuz of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and sfsall bear interest
from the date thereof until paid at the rate of :ix and six-t°nths per cent per annum and together with such interest shall be secured by the
lien of this mortgage.
To permit, commit or suffer no waste, impairment or deterioration of said property or any (Lett thereof.
5. It is hereby speciFically agreed that any sum or sums which may be loaned or advanct<d by the Mortgagee to the Mortgagor at any
rime ,,ftr the recording of this indenture, together with Interest thereon at the rate agreed upan a- the tims of such loan or advance, shall be
equa~ly secured with and have the same priority as the original indebtedness, and be subject to all the terms and provisions of this mortgage:
Provided, that the aggregate amount of principal outstanding at any time snail not exc~ an amount equal to one hundred and fifty per tent
(150%) of the principal amount originally secured hereby. _
6. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and 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
and fully perform, discharge, execute, effect, complete, comply with and abide by~ each and every the stipulations, agreements, conditions
and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses. each and every, shall be
immediately due and payable; whether or not there be notice, demand, attempt to collect or suit pending; and the full amount of eech and
every such payment shall bear interest from the date thereof until paid at tt~e rate of Six and six-tenths per centum per annum; and all said
costs, charges and expenses so incurred or paid, together with such rnterest, 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) in the event any of said
sums of money herein referred to be not promptly and fully paid within tt,irty (30) days next after the same severally become due and payable,
without demand or notice, or Ic) in the event each and every the stipulations, argeements, conditi~s and covenants of sold promissory note
and this mortgage any or either are not duly, promptly and fully performed, discharged, 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, or thereafter, at the option of said MORTGAGEE, as fully
and completely as if all of the said sums of money were originally stipulated to be paid on sucFr day, anything in said promissory note or in
this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option~of said h10RTvAGEE, 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.
8. 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 hereunder, said MORTGAGEE shall apply to the Cart having jurisdiction thereof for the appointment
of 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 revenues from whatever source derived, each and every of which, it being expressly underotood, is hereby rnort•
gaged as if spectifically set forth and described in the grn•~ting and habendum clauses hereof, and such Receiver shall have all the broad and
effective functions and powers in anywise entrusted by a Lourt to a Receiver, and such appointment shall be made by such Court as an
admitted equity and a matter of absolute right to sa! ~ 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, issues
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, effect, complete comply with and abide by each and every the stipu-
lations, agreements, renditions and covenants in said promissory note and in this mortgage sst forth.
10. That in the event the ownership of the mortgaged premises, or any part thereat, becomes vested in a person other than the
MCR~T'GAGOR, the MORTGAGEE: its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or succes=ors
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 dischar~ang the hlortgsgor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore-
bearan0~ Ors,sh~e~pa rt of the MORTGAGEE pr its stKCesors or assigns and no extension of the time for the payment of the debt hereby secured
given ~`tltj! id1pRTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effect the original Itability of
1fsR {-~ORT+j,.._wn rrsrou,, either in w c or In part.
+ti ~, a It llp~cifiesNy agreed that time is of the essence of this rontract and that no waiver or any obligation hereunder or of t+se
os..eD~stiorr ~egttlfi~-reby stsall at an time t r fter bt held to ba a wa of the ter for of, the instrument secured hereby.
yy , .. - s~i~nec~J~s name b~>lts~cers anr~ a'~~xe~ its corporate
* .-y', ~r ~ WHEREOF, the id MORTGAGOR has rrxtn 7N{7fi[tltDCgOI[ seal the ay and Year trst aforesaid.
7 S~~ 1ltx! delivered in presence of:
e , r~
~cbrp; ~~~ . ° - J L.. ~ S. , 1
'~;--
Attest • >f EAu
Secretary
ATE OF FLORIDA
SS.
COUNTY OF- ._ firoward--_.--_.
Before me personally appeared L,~~als_J. Salxtt~aC~rQ,.President,_an~. JOS-0~~1 J.. SalTl~lS.tarO~it~CrrOSe~d~
of J. L,. ~: S., II~C., a Florida corporation ''' r''
- --_-- -- _-- ---------------- ------- ~ to me wall knovrr., and known to me to be the
and tro executed tr `oreg Ing nstru r, and acknowl g ore met trey ex uted Jhe s me for the pu ~a-~,.`~y K... v ~.
as tvhe act anc~'dee~ o~ sai'~'corporatiQ t ereunto~ut aut~orizec~. -,. • :{~,~ ~r: ~:
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WITNESS my hand and official seal this __4 ~(l .-----..--- --..day of, ~ - t==~~~!~ -- - ~- -_:~tf}~ G,`,_
~,;
°~ . V.: ~-
Notary Public in and for the State of ~ 7t•t
My commission expires: *lotarv Prti?Y~ J
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