HomeMy WebLinkAbout2656 _ . . . - ss,.t _r
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poMer o? polkNa sMd ~AORTGNGEE ahdl h~w 1M aplion 1o Modw ~ed apply tn~ ~ an aboou~K ot 1!M M~d~bqdna~ ~.wrd h~hbv a tw
p~~ tNd MOttTCl1A0RS to noMw an~l uM It or a~? put th~rof fo? a1~ without !lwrb~?. ~or 4nP+iri~ a~+Y ~4~db.
iNn or ued~ or by vlrtw of Mis Mortfp: and In tM w~nt s~id MORT J ORS th~N fo. aeqr rw~or4' bif to k«p tM iaid p+wnisa
' a t~or btl !o ddiw? pron~pty a~ry of ald polkia of i~rurano~ to ssid MOR w tail pronipty w phr fidh ~un~ tMnfa.
or M ary ewpect fall to PKIa~ d~elrrN. ~oaa~. ~fhct. oompNt~. eamplY wlth in~ b~l thls aow~nk~ a an1? PKt~f. ssid MORT
C/1GEE mhr plao~ ard ps~r tor such Ma~rano~ aa~+~? prt tMrwf withaut v~tvi~y ar a ~p1ion, INri. ~quib. or ~I~ht unda a by
virtw of•tlas ~t~ and th~ iull amoia~t of MCh Q wd+ ~alnew~+t sh~ll b~ in~t~? dw and PiY~N and sFwll bea? interost
. fran th~ d~t~~tfki~nof until pild at th~ rat~ of qx andi~~i t~~ +s PK c~t pa an+unn and toathK with such, jr?fa~st shan b~ s~a+nd b~r tM
li~n of tNs mortsap. • . ~1IP~ • - _ ~
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4. To pamit, conMNt o?'ufhr no wrtt~. Imp~i~nNnt a dttKioation of satd propKly or ~r~r p~t tFMnoi.
S. It is henby~d fiully a~d Nrt any wm or wn~s whkh m~Y b~ lorewd o? adv~~ad by tlr Mo~a~ to !ht MoKpta +t +~71
Hn» a(tu tM ~oordl~ of tl+b i~+d~tun.loatha with {ntsnst Nw~on at th~ nb ap~ed upon at th~ timt of wch bsn or advsnoe. sFrll bt
iqwlly s~.w~d with and hw~ tM wn~ priorily as th~ ai~fe»I i~KlWt~ss. and b~ subMet to sll th~ tums and provi:ions of thi: mo~t6~i~
Pnovid.d. th.t tt,. ~ an+o~.+t oi pinNp.i outsta~ ac .ny t~m. sha~~ ~ot noo..d an annount .qu.1 to on. hund.ed a~,d ehy per oent
(15096) o~f th~ princi' pal ~smamt o~i~Mwly s~ax.d h~.b~?.
6. To pry ali and ~~I~? th~ oo~es. d~rps snd ~es. tneh+di~ s ro~sonabb ~tlorn~r's h~ and oosts of sbstnet of Ntb ie-
cunrd a? piW stany tin~w b~r ssM MORTC~AGEE b~uua or in th~ wont of ths failun oo t!rp~t of tM ssid MORTGAOOR to duly. P~P~N
and fulb PKiorn+. ~dwp. ~~o~atq tfht~. oompNt~. com~ly with and ~bids b1? ~d+ and ~Y tM sHpu~tions. s=n~rnents. oonditions .
ard oov~n~nts of ~aid promissay ~ot~ and tNs mort~ap any o? Nth~r and sNd oosts. ~hup~ and ~s. ~sd+ an~l ~wq?. sh~ll bs
tme~diately dus and p~yabb; wMthw or rwt th~n b~ ~otio~. d~+rn~, stt+mP~ to oolbet ; and tM full anwunt of esd~ and
every such payrrMnt sh~ll bw k~t~st kan tM data tMnof until psW at ths nb of :ix pK anhsn pa anK~n: snd all said
oosts. d~~s and expensss so Marnd or p~W. ta~ethu with sud~ int~nst. shsll ~ aarrd b~r p~n of tNt mort~ap. _
~7. That lv in th~ ~v~nt of any bnach of tNs Mortpp or d~fauh on th~p~ of tM MORTGl1it'~OR. or (W in th~ w«+t sny of said
wn+s of rta~iey MnM~ rohrnd to b~ not proenpty and tully paid within thi~t~r (30) days ~wct after tM s~ sewaly b~oom~ due and payabi~. `j
without damsnd o? notic~. o? W in tM rwnt Wch snd w«Y th~ ttbulations. a~s. aord'itions and aowr~nts of s~W D~dssory nots
and tNs nwrt~sp +nY o? Nttrr sn not dul~?. p~wnotty snd iu~yr p~orn~ed. ~aa+t~d. ~fiected. oon~l~ted ~w++p~+ed with and
~ sb+ded b~?. ehe~ in NtMr or any such w.nt. tl,.:std a~att sum mentton.d in ssi 'vromis~ory not~ N+.n ~en+dntn~ unpaW. wiN, t~rerost ' i
~ aacrued, and all y s~a+nd Mnby. ~Sil beoome dw and psyabl~ forthwid+. or th~n~ft~?. ~t th~ optbn of sald MORTCIICEE. ss fully
~d aompNtey ~s
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slt of th~ said sums of maMy w.n ort~inaly stipul.ed !o b~ paid on wch dh?. tn ssW promissory noa or tn ;
tF~is Mort~p to tM aontnry not witMtandlr~: ~rd tF~~;wn or tMrerft~r at th~ option of sdd MOR~C/1~GEE. without notioe o~ derr+~rxi.
wit at Isw or in equity. rna~? be prosewted as if ali nwnlas s~axrd F~~bf? had m~iurod pria fo its f~tih~tlo~.
8. That M th~ ~vw+t ti+st st th~ be~in~ of o? at any ti~ne aMr ~uit upon t!~ or to fohcio~ k, or to rafomn
It .a to anforoe p~rrr~t ofany cW~r~s M~aunde?, ssid MORTGA~CEE shsll to the Court h~vM~~~ tl~eof tor tM aPPelntment
o~ a Receiver. wch Court shsll torthwiMsppoi~t a R~oeiwr. of tsid nwrtppd pr~opKty all and sie~ulu. inclu~n~ sll and sin~ular the ,
i~oorne. Profits. luues and rewrwss fram wl+stewr sw~~os daivd. peh and ~wey of v~hiclti ft betr~ ~xDrosslf? ~+ndKSlood. is herebY Rw?t- I
t~S~ as if specifically set fo~th and daMbed in the ~sntir~ and t+~bend~xn claus~s h~r~wf. and wd~ R~oetvK sF~ll hsw sll tF+e broad snd ;
~ eHectiw fi~nctions and po~wea M an~ris~ ~ntrusted by a C.art to a Reoeiver. and wd~ appointnNnt sh~ll b~ made by wch Court as an ~
admitted equity snd a matter of ab~olut~ ri~ht b ssid MORTG/1CEE. snd without nf~rnoi to t1r adrqus~Y a insdS4~Y of the value of the 1
ProP~Y ~s~d or to the sdv~aicy o? tnsolvw~cy of ssid MORTC/1~OOR oi ih~ d~s. and tFrt such ronts. Profits. inoomes. iswaa ,
and rsvenuss shdl be appited by sud~ R~oeiMa aooordi~ to th~ Uen o~ equit~r of sdd MORTG~GEE and th~ pactioe of such CouK.
9. To duly. DromPth? snd ~uOY Pxfam. disd+s~t. aaa~M. ~fhct. ao~nplat~ oaedY with and abid~ b~r each aod evsry ths stlpu-
lations. +troan~nts. oa~ditions and aov~~anb tn sald pro~Nssory not~ and in tNs mo~tap s~t forti~ ~
10. That in tAs ev~a+t th~ ow~sNP of ths Kwrt~d P?~nises. o? anY Psrt thetiof. beoonMS wstd M a person otF~er tl~an the
MORTGAOOR. th.. MpRTG11iC•EE. ns suooasso~s aed assi~ns. m.y. wi dwuc rwtio. ro eh. MORTGJtiOOR dsd with wch s~,ooes:or or s~,ooeuors
in interest with refer~~oe to tNs ewrtph and !h~ debt hereby s~p~r~d in ths ss~r~ mnxwr as with Mort~a~or wiMiout in sny way vitistin`
or disd~s~ie~ th~ Mort~or's tiabiiity F~~v~d~r or ~ipon th~ d~bt h~rebf? sean~d- No salt of tM P~wnises F~e'~bf~ na~tppd and no fore-
be~raeKe on tM part of ths MORTGA~GEE o. its suoosssors or assiW snd no ~xta~sion of tM tim~ fo? tfi~ p~nne~+t of the debt hereby sewred
~MO~RT~GI~OR ~
eit~l~a~in wlwl~ or~in
p~ styli opust~ to rele~se. dlsdw~. nwdi(~?. dw~p o? efiett ths oritinsi liabiliry of
t t. it is spscifinlly atrwd thst tim~ is of th~ ~na of ehb oontrset ~nd th~t no v~1wr or any abuption M.ax+der or of tM
oblitstior? tectxrd F~enby sh~ll at aey tinN th~wftK b~ held to b~ • vra(wr of 1M trrms Frnof or Qf th~ i~stnamnt ~ewt~ed Mreby.
Sesled and d~liwhd in q~s~r~a of: '
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--------__.r (SEAU
,
-----(SEAU
STATE OF FLORID/? )
COUNTY OF } ~
--1
; s.wn m. p.r.on~ly app..we _ ~ a+d
; Ns wih. b nr w~ll known. and to nN b b~ tNt ind(vfdwk dssc~ibed tn
= md who ~osaited th~ fo~oin~ . and acknowbd~~d b~bn me that 1M~r ~~orwt~d tM ta tht purpos~s thu~ln u~essed.
~ WITNESS my and offkLl s~l M~k- - ---d+Y of.__.__ - . O. 19__... _ .
i Nobry Publk in and for th~ Sbh of Florida at Lar~e.
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