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,Xol1C\ or pJlicies ~~id MCRTSAGEE ~hall have the opHon to receive .,[1 appl\ Tr1~ " ,11ll' . CC I.ltlf :.t th- :n L-:)~f'J'1 ")'> ....e..:urc....l :'1-:'I-:Y ',-II :)
pernllt sa,d MORTGAGORS to receive and use it or allY part thereof L" ,'tIler PWP"\C\ ""1< ut 'h'_'ld.)" ""\lng ~, Imp3"lng "'. , 1.11 .
Iren or ,ig"l under or by virlue 01 this Mortgage; and in the event sa,d MORTGAGORS ,h311 1J' .ny rl'a\0n f:1I1 I:> ~""P :he.." I pr, .n"...
so insureJ, or fail tCl deliver promptly any of said polrcie, of insurance '0 s:.i,J MORTCAG~E, or t.,i1 pro.nptly to pay fu:ly any prem'um the"eL,-
or in any lespeel fail to perform, dIscharge, execute, effect, complele, con'p\ wllh and "bide by Ih,s cov"runt, 01 ,'ny 'pa/l here0f, \,1Id ~,10RT
GAGEE may place and pay for such insurance or any part thereof without walvin~ or affecting .'ny opl1on, Iren. e<:u,ly, ('1 li~t,t unde' ;" :'.
virtue of Ihi, Mortgage, and the full amount of each and every such pa~ment >~lall b<:> InHnediately due and payable Clnd '''.,11 t..l'ar Intl'll >t
110m t!-le date th~reof until p,:lid al the rate of six and ,ix-t"nlhs per cent per annvm and togC'ther w,th such Inler",t ,h.,I' :..' ,I'CU' :. i :', 1'-,
I,l'n 'Jf this mortgage,
... To permit, commit or suffer no \vaste, impairrnent or dett..'II'.Jr.HI\Jn flf ~Jid pic-p,'rty rH i'lny part thercef.
J. :t jo; Lclcb')' 5p"'cd,c;..lly ag~eed that any sum or sumS w}lIch mOlY b::.- !: :\nf.d 0" ,'dv....lnC"j :.)' :~;..' ~I,,~:,rt., .1gef:' t,) t'''"'-~. ',~ .; i~ ',=: ," ..,r .If'l,.
time dfter ,. ;) r~c(IJding of this .ndt.'n~lJr(\, together with interest thereon at th(' r,'h_~ ,t:'('L"i up:~ ,l~ t~l0 tin,' r.t SUe'l !:IJn -\r "J,. .~'ll', ~l.lq:.-,
equally secured with and have the. !,.,..lme prifJrity as the original in,1et.t~dn('ss, .lnd Le ~lJl'lect fl-) ,,'I thp tcrn1S and pry....is'.;ns (,t !'-'I~ n1'Ht... ~
Pro\dde<J. t~iit the .': b.tC'~'ate amount of principal outstanding at any time shall nut cxeec-d "n drllJunt eqL.:1 to one hun,k.,'d :In..i fdtl,' 0,'f (d"t
\ : SO ""', tot Ihe P'I"c,pJI amount .C)llgin,ll~ s~cur('d hell by.
6. TJ pay all iJnd singular the costs, charges and expenses, irxludlng a fe.1s()nable att'-Jln._~'i'') f((" and co~ts of ,.b .t',l::' (,f fltl,-. 1:1,
CUlled ')' paid at any tirn~ by said MORTGAGEE because or in the event of the brlull' en the part ,)1 Ihe' '>aid MORTGAGOC;: t.,) dlJl~. p' 'Cl".~i i
and fully pe,L'm, discharge. execule, ellect, complete. c')mply wilh and .",.de bv e.,ch and (';,"'y Ihe ,tlpul.,lie,ns, afll'ern,.nt,. c, ".Lt, n;
,n.1 C'''l'n.lI\ts ()~ ,aia prc'nlls>.)ry nole and this morlgage any or eith,'r, ,oneJ s.,,,j c ,Is, ch)rg..s and expenses, each .:nd every. ,h.t:1 ~,.
"nrn,.J,alL'ly due dnd pJyJble; "hether or not there b~ n0tice, demand, attC'mpt to collect (Jr SUIt pending. and the full ."n."",t ::1 ,'"ch .1" J
e"c'y such payment shall bear interest from the date there:>f until pJid ,-\ tbe rote of six and six-t"nt~1S per centum per an"um; ",,:1 .,11 ,,, 1
co,t>, ch.H~e' .,,,d (',pcn,,', ,c' inc'-'/led or paid. lo,;ether wilh such ,nter"sr. shJII be ".cured by the lien of this mCHtg.lge.
1. ThaI (al in Ihe e"ent of any breach 01 this Mortgage or defau't )n Ihe palt of Ihe MORTGAGOR. 01 (bl In Ih... evenl .,n.,. ,f >" J
\-um"i ot mClney h!..'rein rcfer~("d to be not promptly an~ fully paid within tl .rfy (::0 ~y~ nc.,t .-.I~~, thf.' C.,lfllC ~(',"l.~.tll..... bee rn~ du " ..r~ i r'I"~)\"
withc,ut dt'rnJn1 'Jf n'Jtic(", (Jf 'e) in the event e;.,ch and e\-'cry the 'itioui~ltl0ns, .'tTbl'l'n1l!nfc;, CI,r".lltl H')' ,--'r~! CJ'ol'''''ur-.t.., 'It .....d 1 p "r11,",' . r1 l'l'
ond this nh,rtga&" any or eilher are not duly, promptly and fully perforn,ed, d,scharl:ed, eXl'cukd. (.,f,'crod, curnplc,e j c..,np:"',; ,.,;', a', j
abiJed by, then in either 01 any .)t1ch event, the said aggregate ~um .nt.ntioned in s"i~f pr('nli\<;:.Jr",' notc thpn rem.lining unpaid, '....nth Intc....~
accrued, an,1 all m"n'.'y' secured "~Ieby, ,hall become due and payable forthwith. or Ihcrcaftc. al the "pll'm "f said MORTGAGfE. .-,s fu",
,.nd compll'le!y .H ,f all of Ihe ,aid sum' of money were originally stipulated to be paid on such day, anything in >ald promlS<ory n0t" ,-" I"
this MOllgagf' to th(' centrary not withstanding; and thereupon Or thcrl'i'ft", a: the optian '" said MORTGAGEE. without n.,ticl' or 0,' Tun 1.
C;Ult at law or In equity, m~1)' be.pr'\\l.cuted as i. all monies Sl~cured hc-feby had m3tured prior to its Ins.titliti0n
8. That in Ihe event Ihat at the beginning of or at any time pending any suit upon thiS M:>lt,;age, or to foreclose it. or t:> ,,:f, '"
iI, Or to enlvrce paym('nl of any cl.,ims hereund.:!r, said MORTGAGEE ,h.,1I .:ppl)' to the (OUlt h,wing jurisdiction thell'of for the app-,inlm 'I
of a Rec('lVer, such (ourt sh~lI forthwith app)int a Rl'ceiver, of said m'>ltgaged properl)' all and singulal, IIlcludlng all and sinsul'l .h,.
IIlC:>me, p,ofits, ISSUeS and re,enues hom whJlever sculce derived, each anJ eVl'lY of which, it ~)eing e'pressly undersDod, is he,...by en" .
g"&ed as if spectiflcelly s('t forth and described in the granting and h"bendum clausl's ~erenf, and such Rpceiver sh,,1I have all Ihe b,.,.o.1 ,'11 \
1'f1l'cli,,, function, ,md powers in anywise entrusted by a (ourt to" Rl'cc,ver, ano such api-,intmenl ,"a1l be Ill,.de by such ("urt ,1\ .11l
admitted equily and a matter of absolule right to said MORTGAGEE:. and without ~ell'r>ce to the .,dl'quacy 0' lnadequJc)' of th.' v.,Iue of Ih,.'
propelty mc'rtgai:l'd or to th~ solvency or ,nsolvency of said MORTGAGOR or Ihe defendants. and that '.uch renls, prnf,ts. IIlC n,,'s, ,....Ut.,
and ",'enues sha!1 b., applied by such Receiver ,'ccordlng to the lien or equity of said MORTGAGEE ant tf'e Dr"c"~" 01 such ('.uel
9 To dUlY, promptly and fu1l)' perll)lm, d,scharge, cxecule. effect. complete comply with dnj "bide b... 1','C', and l'vcr~ t"e '.t,p'."
lations, ilgrcements. c-::.!nditions and coven..1nts in said promissory n.-lte and in thl!!. rnortL,l~'(' ~,I-'t f.:rth
10 Th.Jt in the event the owners.hip of the mortgaged premIses. or any part thef")f. hl'C rn(~'s Vt"tt'd ;n a pef\"Jr"1 ct'l(>r th,lfl t>(,
t....10RTGAGOR, the MOr-TGAGEE. its .:'JCcessors ~nd "ssigns, may, ....,tk,,: nollce to the ~:ORTGAC;OR. 01 :..1 With '.Ilcn ',',ICC'" - r', 'ucc", .:"',
in intere~t with r~ferencc to t~is mOftr.,lgC' clnd the (L-tJt hereby secured :n the S..1mc nl()nrlef as With ~"LlrL.~,1~:'~)r \..-Ith:lut In ~'1,' 1,'.',1-.,' vlti,lfin::~
:)r d,schar","g the Mortgagor's liability hereunder or upon th(' debl hereby "'Cllle:.i. N" sale "f the prem"'" hell'hy mc"I~:.'~:eJ ,,,>1 n') f ".0
bearance C'n the palt of the MORTGAGEE (>r ils successors or assillns and n0 c,denSlon of the tIme hr the paym"n' 01 Ih.' 01,,1,: :""I.hy ".clI..-:1
g",en by the MORTGAGEE or its successors or ,,;signs. shall operate to [(':e3s". dlSchME;e, m:oddy, change- or efL'ct thl' :' lC:,"O! 1,.lf"I,t, f
the ~'ORTG.A,GOR herein, either in whole or in pall.
1 ~, It is. s.peclfically agreed that time is of the essence of this c'::\ntract and theit nO W(1i....Cf or any ob'igation h~rl'lHl kr Gf cd t~\f'
ob1ig,1tinn Sffured hereby shall At any time thereafter be held to be a ........)I'o'('r ot the t('rn1S h~r(,0f or of tht' in'iotrum,;nt ':'(,Cur hf ~)I~rr.by
IN \YITNESS V/HEREOF, the ,aid MORTGAGOR has hereunto ",t f"S hand <lnO scal the (by a"o year fils! afdll';,lId
Signed, Sealed and delivered in presence 01:
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STATE OF Ft.ORIDA
COUNTY OF Indian!~ ivc-r
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K I:: ~NI:'TII N. i\lCII ^ I' IY'
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Before me personally appeared
\1/\CIL \1. l\lCIL^iZDS his wife, to rr.e well known, and "-nown to me to be the Ic,d,vic!u.ll, d";Cflh',d In
and who executed the foregoing instrument, and ac"-nowledged belore me Ihat they c~ecuted the Slme for the pu'p::r;,'s Ih"ein (,p','>,ed
WITNESS my hand and official seal this
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Nolary PubliC in and for the Slate of Floflda at Large.
My commlSiton exp,r.....:
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