The URL can be used to link to this page

Home My WebLink About0680 57 fA&E0l7 " ....- - ;)0hCY or p0licies uid MORTGAGEE shall have the option to NKAW arfd ~y ItrIW ..",., u,( ..<<aunt ot the indebtedne!s se-cured hereby J' to permit Si'lid MORTGAGORS to receive and use It or any part the..-of ,fN other pu'poses without thareby waiving or impairing any "<luily, lien or right under or by \irt\Je of this Mort,a,.; and In the ...-.m uld MORTGK.oRS shall for any reason fall to keep the said premises so insured. ()( fall to deE,,,, promptly any of Mid policies of Insur.nce to said MORTGAGEE. or fail p..omptly to pay fully any premium therefo', or in .nv respect hIli to perform. dlschar.e. ."Kut.. .HKt. complete, COll'lply with and .bid-e by this co.enant. or ..ny part h.!reo>f, said MORT. GAGEE may place lond pay for SlXh In,,,,ane. or any part thereof without waiving or affectinl any option, lien, r.quity, or right under or bt virtu. of this Mortg.... .nd the full .mount of uch .nd .v.ry such payment shall be immMi..tely dl!e and payr.ble and shall bear interest from the date thereof until paid ,t the r.te of six and six.tenths per cent per .nnum and together with wr;, interest shall be secured by tn~ lilm of this mortg.ge, ~. To permit. commit or suffer no ",..st.. Impairment ()( deterioration of said prC1X'rty or any part therNf, 5, It is hereby 5pN:ifically allreed that .ny sum or sums which may be loaned or advanced by the Mortgagee to the Mortgagor at ani time after the recording of this i~nture. together with Interest t'.ereon .t the r.te agreed upon at the time of such loan or advance, SNII be e<juaily secured with and have the tame prfofity as the orlilNI indebtedness, and be su;'je<:t to all the terms and provisions of this mortgage; Provided, tNt The "U'.a.te amount of prineipal outstandln, .t ,ny time shall not excm an amount equ,l to one hundred and fifty per cent (J 50 %) of the principal .,-nount orilllNllly secured her~y. 6. To pay .iI and sinlulu the costs. cNrlles .nd .xpenses. lne:udinl . reasoncble allorney's fee and costs of abstract of title in. curred 01 paid at any time by said MORTGAGEE beuuse ()( In the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform. discNrll.. exec:utt'. effect. complet.. comply with .nd abide by each .nd every the stipulations, agre.ments, conditions and covenants of S41id promissory not. and this mortlage any or either. ind said costs. charles .nd expenses, e.ch and every. shall be immediately due and payible; whether or not there be notice. demand. all~,npt to collect or suit pending; and the full amount of each and every such p<lyment shall bear Interest from the date thereof until paid at the rate of six .nd six-tenths per centum per innum; and all said costs. charges and expenses so incurred or paid, tOllethef with such mterest, shall be secured by the lien of this mortllale. 7, That (a) in the event of .ny breich of this Mortglge or default on the part of the MORTGAGOR, or (b) In th~ event any of said sums of IT.oney herein r"terred to be not promptly and fully paid within thirty <30> days next after the same severilly become due and payable. without demand or notice. or (c) in the event each and every the stipul,tions. argeemenls, condition$ and covenants of said promissory note and this mortgage any or either lire noT duly. promptly .nd fully performed. discbarge<.l. exe<:uted. ."fected. completed complied with and abided by. then in either or any such event. the said aggreg.te sum mentioned in said promissory note then relNlining unpaid, with interest accrued. and .11 moneys secured hereby. sNII become due and pay.ble forthwith. Or thereafter. at the option of said MORTGAGEE. as fully and completely as If .11 of the said sums of I'nOIWy were originally stipulated to be paid on such day, anythinl in S41id promissory not. or in this Mortpg. to the cont"ry not w\thstanding; and thereupon or thereafter at the option of said MORTGAGEE, v.ithout 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 .t .ny time pending any suit upon this Mortgage. or to torec;ose it. or to reform it: or to enforce payment of any claims hereunder. said MORTGACEE shall apply to the Court having jurisdiction thereof for the appointment Of a Receiver. such Court shall forthwith .ppoint . Rec.lver, of said mortgaged property all and singular, including all and singular the income. profit~. issues and revenues from whiltever source de~lved. ea("h and every of which. It being expressly understood. is hereby mort. gaged as If spectifically set forth and described In the grantln. .nd habendum clauses hereof. and such Receiver shall have all the broad and effective functions and powers in .nywise entrusted by a Court to . Receiv.r. and such appointment shall be made by such Court as an admitted 8<luity and . matter of absolur. rlllht to said MORl("'AGEE. and without reference to the adequacy or inade<luacy of the value of the property mortlaged or to the solvency or insolvency of said MORTGAGOR or the defendants. and that such rents. profits. incomes, Issue-. and revenues shall be .pplit:d by such Receiver acc()(ding to tll;, lien or 8<luity of said MORTGAGEE and the practice of such Court, 9. To dulY. promptly .nd fully perfoml. discharge, execute, effect, complete comply with and abidE by each and every the stlpu- I.tions, .Ireements. conditions and covenants In said promissory note and in this mortll~ie set forth, 10. TNt in the event the ownership of the mortgaged premises. )r any part thereof, becomes vested in a person other than the MORTGAGOR. the MORTGAGEE, Its successors and assigns, may. without notice tt' the MORTGAGOR, deal with such successor or su<:cesscrs in interest with reference to this mortgale and the debt hereby s<<ured in the same manner as with Mortgagor without in any way vitiating (){ di;.;;},.riini IOc Mortg;.g.;,;'" liability herwnd6. or upon the debt hereby secured, No S41le of the premises hereby m'lrtgagcd and no fore- bear.nee on the part of the MORTGAGEE c>< Its successors or uslans .nd no extension of the time for the payment of the debt hereby secured liven by the MORTGAGEE or its successors or uslgns, ~~II oper.te to release, discharge. modify. chAnge or eHect the origi".1 liability of the MORTGAGOR herein. either in whole or In part. 11. It Is speclflc.lly a,reed that time la of the essence of this contr.ct .nd that no waiver or allY obliptlon hereunder or <>f the oblig.tlon $eCUred. hereby sha!l at .ny time thereafter be heold to be a w.iver of the terms hereof ()( of the instrument secured hereby. IN WITNESS WHEReof. the SlIIld MORTGAGOR has he....""'to set his hand and seal the day ~nd year first aforesaid, Slsned. Sealed .nd delivered In presence of: v _r,/ . (Seal) (Seal) e;; ~rvice , / } -1 - j (s8(l.'->./ -/ . 0 (>,' ,2 >n./{('1SEAU U .' it;;i#J.. .... STATE OF FLORIDA \ S L' ss. COUNTY OF t.. UC le . u J Before me personally appearedL.. L.. Gh~rnblet and ~. Chambley, d/bJ a.ln~ian R iver Spread~ ~r.~i.c~_~.._~_n~h~:t~r_.l~~.~. ~_h_a_~~l~r___a~~_ iJ~ to ~ ~~~~~~,rd'k~~i!~ ~i~~\h.ri~J?;fu~I~i~~~ in and who executed the fo,j!going instrument. .nd a~knowled1ed'l:rore me that they executed the same for the purposes ,ttlWdrn:'i!,(t1'~. -r/ "" ,\.-, 1.\ \: C/" .... WITNESS my hand.OO official S4:llII this _:;2.$-_C.~ __ . d.y Of~_ . _ _ .Februa._ _.._ ~~<jj~~~'i.~.~. ~':>. I. . ~+ J-., ' ~ ~ p~(!a~-f~r;he' tat.1(~~~7'&-;I;':~' /---~;: ';-.~- My commission .xplres: '-17 4~ ". '. ~I I :' : - "",. .... r, l' . Not.,y PuNIc, State Of f.en..--..r:iS" - ,-, , . .' ' My Comm:cs:on ExpirK June 11( ,........,.-', (~ Sonded by American iuMtr Ca 0.--.., .' t' _" ; .: "- " ,. --Tv f'.' e I ~'b ~,':' ::: J.1355'7 ~ ~ FILED AIm REC01iOED ;..I ~ 11' . Official Keeoa _ cOOK :" ~ rSJ e 1953 FEa 27 PH 2: 27 ~ ~ ~ ~ ~ R 0 G i: R POi'( i\ AS. ClU K ~ ~ ~ ~ ~ Sf. LUCIE cout;n, fLORIOA~ g :s ~ : ~ ~ c -IJ ~dt~ ~ .... ~ \,~ '- , r Q ~ ~ ~ ~ ~ < c.o ~ ~ o ~ V'.) z t;)~> Zl--~ ._< Z >;:; ;:) 00 , <t...v ~ ~... -J<cx <z~ c:.::::~ o LoW .J Z QQ~ ~zo < z o .... ~ ~ = ~, t) r., ,,,. . ~ ~ ' \ ~'Ul[ ..., ' r~ . ... ",.......... -.:" ~:,..,.-' 7~'~ ;--:~)); ':: - ::"') . -: ,. ..-. . .., .? . ...~ ~.\ ',. . .. :.~;;.:...~ ~..'. '<;' . ~"'::~. ~ \ . I,' I,... o ~ '" 1 1 : J. ". ,