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Home My WebLink About0257 0" R~ 8O:K I 57 fAGt255 I ,>.}IIC'( Or polici6s ~id MORTGAGEE .i>411 h..ve lhe option ,0 r..ceive and apply :nll . HOC c'n ace.unt ot the ,mkbtedness secured nNellY or IJ pern,,' ',lid MORTGAGORS to rec!ivl" and usa it or a~y part thereof f _'r other purposes wilnvut 'hereb" waivi....g or .mPolirin!;: a,..~' (-{lUI;\, Ioen or ,ight under or by virtue of this Mortli.ge; and in the event ~id ~:ORTG}t.GORS shall for any reaSOn fail to keep th~ said prem;s!', so Insured, or fail to &10\'8' prcmplly any of Sllid policies of Insullnce to s3id MORTGAGEE, or b.! prom?lly to p,ly fully any premium :herefor, 01 In any resneet fail to perform, di5Charge. execute, effect, complete, comply Nith and abide by thiS covenant, or ani part hereof, said MORT, GAGEE m.lY pla\:e and p.Jy for such insuranee or any ~rt thereof wlth0Ut ~aiving or affecting any opti)n, lien, equily, or right under or tlY virlue 0f ;his Mortgage, ,and tne full amoont of each anJ l"very such payment snail be immeo,ltely due and payable ;'lnd shall b~ar inte'es! from the date the'eof until paid at the rate of six and six-tenths par ced per a"m..m and together \vilh such intere~t shall be ,c<ured by h.' lien of this "",rtgage, " 'To permit, commit or suffer no wute, impairment or deteri::>ration of said propert) or any parI thereof, 5, It is hereby s~ifically agreed that any sum or sums which mayo.t.e k.'o1ned or advanced by tnc lI.'orlgage:'- to the ~.1ort,pg,)[ at ~nl 'ime Jfter the recording of Ihis i!'ldenture, together wit~, interest thereon al the rate ~greed upeon "t the time of su<:h loan or ddvance, shall be equally secur~-d with and have the sam~ priority as the or:ginal indebtedness, and be sunJecl to all the terms and provisions of this ,mor.gage: Orovided, (hat the aggregate <mount of principal outstanding .t any time shall nol exceed Gn amount equal to one hundrt-d and fifty per cent ( I 50 %) of the principal amoont originally secured hereby. 6, To pay all and singu'ar the costs, charges and expensH. includIng a reHor,able attorney's lel' and costs of ab,lract of litle in- curred or paid at any time by said MORTGAGEE because or in the evenl of the failure on lhe part "I tlw s.lld MORTGAGOR to duly, pr.:>mptly and fully perform, discharge, execute. effect, complele, comply wilh and abide by each and evel, the s"pulations, agr~emenls, cenditie"" and covenants of said promissory nole and this mortgage any or either, and said co,ts, charges ,lnd ("~)Cn'e" each and every, Sh.11! be, immediately due and payable; whether or not th~re be nOlice, demand, attempl 10 collect or suit pendln~; ,lnd the full amount of each and ever': such payment shall bear interest from the date there'l until paid at the rate cf six and si~-lcnth, p.'r centum per annum; anel all said costs, charge, and expenses so inc'Jrred or paid, together with such Interest, srr..11 bi' s<'Cwed by the' I,"n "f this m')Ttgage, 7, That (a) in lhe even I of llny breach of this Mortg.ge or defaull on Ihe parI of the 1I.10l'j r,,\C,()i<, or (b) in the event any d sa.a sums of money herein referred to be not promptly and fully paid within tf,irly (J0l days next after the' ',I..,' '..., ",,,II, becc.me due and payab!e, withoul demand or notice, or (c) in the event each llnd every the stiDulations, arge,::ments, cond,ti,,'n, and co"",,,nl, of said promissory note and this mortgage any or either are not duly, promptly and fully psrformed, discharged, execuled, efkc.ed, completed complied with an<1 abided by, then in either or any such event, Ihe Sllid aggregate sum menlio'led in said pr0missory note rhen remainin.1 unpaid, with inlerl's! acc.ued, and all moneys secured hereby, shall become due and payable forl~ith, or thereafter, at the option of said MORTGAGEE, .lS fully and completely as if 311 of the S<lid sums of money were originally stipulated to be paid on such day, anything in sai.~ promissorY note or in this Mortgage to Ihe contrary not withstanding; r'ld thereupon or thereafter at the ontion of said MOR.TGAGEE, without notice or demand, suit at 13w or in equity, nuy be proseculed as if all monies secured hereby had matured prior to it, institution, 8. That in the evenl that at the beginning of or .t any lime pendln>: any suit upon Ihis M8,tgage, or to foreclo,e it, or to reform it, or to enforce payment of any claims hereunder, said MORTCAGEE shall .1pply to the Court h,lVing Jurisdiction Ihereof for the appointment of ..a Receiver. such Court shall forthwith appoint a Receiver, of said mortp:,H;ed po.pert) all and singular, including all and singular the income, profits, issues and r~venues from whatever source derived, each and every of wf,ich, it being expoes>ly Ilnderstood, is hereby marl, gaged as If spectifically set iorth and described in the granting and habendum cL1U,es hereof, and ,ucn Receiver shall h~ve all the broad and eff<'<:tive hlnctions and powers in anywise entrusled by a Court to a Receiver, tnd "JCh appointm"nt sh,111 be mc,de by ,ucn Court as an admitted equity and; matler of absolule right to said MORTGAGEE, and without reference to the o'Iie'1uacy Or inadequacy of the vall.e of Ihe property morlgaged or 10 the solvency or insolvency of said MORTGAGOR ur Ihe dO'fendants, ,lnd that such rents, profIts, incomes, issue> and re"enues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court, 9, To duly, prompl,_ and fully perform, discharge, execute, effecI, ('J<nfl'",e comply With lnd ahide I,y each and every the stipu- lalions, agreements, conditio;'ls and covenants in said promissory nolI' and il\ thIS me.rtgage ~,.t f,orth 10, That in tht: event the ownership at the mortgaged premises, or .1ny P,Ht the1(.of, ""cm.'S ,,-'sted in a pelSon other Ihan Ine ~ORTGAcnR, the MORTGAGEE, ils successors and assigns, may, wil~out n,'Ioce to the MORTCAGOR, d...,'1 with ,uch ~"cce"or or succeSSOrs in interest with reference 10 this mortgage and the debt hereby secured in Ih,. <,olI1W mann"r ,'5 wolh M')lIp:agor without in any way vitialing or di5Charging the Mortgagor's liability hereunder or upon the debt hereby spcw,..1 ih slle (,f the pr"mlSes hereby mortgaged and no fore- bearance on Ihe part of the MORTGAGEE 0< ils successors or usiens and no ,,,It'''',,,, of the tIme for the payment of the debt here~y secured gi',en by the MORTGAGEE or its successors or assigns, shall operate to relea,e. Jrsch,Hf,e, moolfy, change or effect the original liability of the MORTGAGOR herein, eilher in whole or In part. 11. It is specific.ally agreed that time is of the !tSsence of this conlract ar.d that no waIver or any obligation hereunder or of the obligalion secured he;eby snail at any time lhereafter be held to be . Naiver of the lerms hereof or of the instrument secured hereby_. IN WITNESS v-.'HEREOF, lhe said MORTGAGOR h.J n.r.unto sel his hand and seal the day and year first aforesaid, Signed, Sealed ,nd delivered in presence of: 6~ ,,7 ~_ Xfl-L??j ;/, .6~ l<A cQ STATE OF FLDRIDA } Ss. COUNTY OF INDIAN RIVI;:R y ~ 'pY-~/2-<)-~ E C /' 7Zct i 6J~ t': , cl-t::.-<~LJ (5EALJ Befole me personally appearad GBQR.GE_ B, CR.EEL, anJ a~d::~<'~-~~~1;t;l;g~-~~nst~r;l~nt,' and acknowled~~ ~7~r;0 n,:e 1::1 t~~,,;;:'e:~~~~~;"s3t~em:o;Ot;: ;t~~isVi~~earl:;~e:~~;e~~~'l ",~~/:.r'........'."......;.:.,.;, __A '~ ':j " , ' ',~ -;. /0 0-- ": :' ,WJ~ tnY'~lnd official sell Ihis __ / J ,:-:- :{ : \'~;...:. ~ - , ' 1;c: ~ ,;' . . ~l.'. , C :....,:.: j:) , [\" ~ .e .,-..' .~.. /"/' ~'.,~.... ~ ...(>.\.::' -" ", day of _ .February , A 0, 19 63, lfl~' Y7 /7 /) ../Cu ,-/"1, ~,~~/ Notary Pu~ I~ In nd for tnI' Stale of FI;><id.1 at LA~~e, My commiSSion expires: //! 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