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Home My WebLink About2005 policy or p~'ic;es sa;ci !~4;7R7GAJFt +~~a3II h~VL the ~.ption !o receive and apply the s~me un acc~unt ot the indebtedness secured herebv o: p~:rmit said ~10R1~GAGORS to recaive and usc~ it or any part thcreof for uther pu:poses with~ut thereby waiving or ~mpairing any equity, hen or rignt urzder or by viriue of tnis tvlvrigagc; and in the event saicf A~10RTGAGCRS shail for any reason fail to ke~p the said premises s~ insur~d or fail to deliver prempily ,~ny of said policies of insurance to said MORTGAGE~, or faii promptly to pay fully any premium therefor, or In ~ny respect fai? to perfurm, dischar~;~, execute, effact, compiete, compiy with and abide by this covenant, or any part hereof, said MORT- GA~EE m; y p!ar,e and aay for suth insurance or any part !hereof without w~iving or ~ffa:cting :r.y cption, licn, cquity, ur ri~;ht under ~~r by vir~uc e:~ th~s ?.;e~tgagc, and the full amount of each and every such payment shall be immediately ~ue an~i p~yable .nd sh311 bear interest from the c+.ite th~r;;~t until p~id at ihe rate of six and]f]ic-tenths per ceni per annum and tcgcti;er with such interest ~h311 be secured by tne li~:n ot ;i~is mortgage. [~']I'~e 4. 1o permic, ccmmit ~r suffer no w~st~, impairment or deterior:,;i,n of s::id property or any part tiiereof. It i~ hereby specii~c~!iti• agrred th~t any sum or sums wt~ic~ m~y t~e !.~>r.c r; civar;ced by th^ h1ortgagee to ttie Mortgagor at any time ~fter the n_COrding of this indc nture, to~ether with interest thereon a; th~ rate agreed upon at the time of such loan or advance, shall be equa~ly secured with and h:~~e thc sam^ priority as the criglna( indebte.lr,ess, and be su`~ject to ali the terms and p!ovisions of this mortgage: Pre~:idecl, that the an,regate amount of princip3l outstanding at any tirne sha!I n~t exceed an amount equa) to one hundred and fifty per cent (1~0~i~1 of the principal amount originally secured hereby. b. To pay ali and sin~~l~r the costs, charGes and expcnses, inc!ud~ng a reasonable attorney's fee and c~sts of abstr~ct of title in- currcd or paid at any time by said MORTGAGEE because or in the event of the i~iiu~e c~ the pa~t of the s<.i:l Iv;CRl~I:,AGOR to duly, promptly ,::::i f,~lly p::rf, rm, discharge, execu;e, cifect, complete, compiy with and ~~iJe by each ard every the stipulations, agreements, condit~ons and Coven~nts of said promis.ory note and this mortgag~ any or either, and said costs, charges and expenses, each and every, shall be in~;r_:h::tciy due and payc:Ule; w~~e~har ur not tl~ere be n~tice, dem~nd, attempt to co;!ect or sui~ppp~i~f;; and the full amount of each and e~e;y =_uch payment shali beor interast from the date thereof ~ntii paid ~t th~~ rate of si>: and 7iQ~ c~~h~'h`~~~'ier centum per annum; and a!1 said ces~s, ch~rges and ex~ens~s s~ incurred cr paid, together with suCh ~nteres~, shall be secu-ed by the lien of this mortgage. i. That (a) in the event of any breach of this Mortgage or dcfa~it on the part of the MORTGAvOR, or (b) in the event any of said sums of money harein referred ta be not prompt!y and fully paid within thirty f30) days next after the same severally become due and payabie, without den~and or notice, or (c) in the event each and every the stipulations, argeements, conditions and tevenants of said promissory note and this mortgage any or either are not duly, promptly and fuliy performed, discharged, e~:ecuted, effected, completed complied with and abided by, then i~ either or any such event, the said aggregate sum mentiuned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall hecome due and payabie forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originaily stiRulated to be paid on such day, anything in said promissory note or in tnis Mortgagn to the ccntrary not r+ithstanding; and thereupon or thereafter at tf,e option cf said MORTGAGEE, without notice or demand, suii at law or in equity, may b~ prosecuted as if a!! monies secured hereby had matured prior to its institutien. 8. 7hat in the event that at the beginning of or at any time pending any suit upon this Mcrtgage, or to foreclose it, or to refurrn it, or to enforce payment of any claims hereunder, said i~IORTGAGEE shall app!y to the Court having jurisdiction thereof for the appointment af a Receiver, such Court shall farthwith appoint a Receiver, ef said mortgaged property all and singular, including all and singular the inc:me, profits, issues and revenues ir~m whatever source derived, each and every of which, it being expressly understood, is hereby mort• gaged as if specifically set ferih anJ described in the granting and habendum c~auses hereof, and such Receiver shall have al) the broad and effective functions and powers in anywise entrusted by a Ccurt to a Receiver, and such appointmeni shall be made by suth Court as an admitted equity and a matter of absolute riyht to said MORTGAG"tE, and wi;hout reference to the adequaCy or inadequacy of the value of the property mortoaged or to the sulvnncy or in~olvency of said ~~ORTGAGOR or the defendants, and that such rents, profits, incomes, iss~e~ and revenues shali be applied by such Receiver according to the lien ~r equity of said MORTGAGEE and the prectice of such Court. 9. To d~ly, promptly and fully perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- lat~cns, agreemerts, conditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the ownership of the mortgaged premises, or any part thereof, becomzs ve:ted in a person other than the ti10RTGAGOR, the MORTGAGEc, its successors znd assigns, may, without notice ro the MORTGAGOR, deal with such su~cessor or successors in interest ~n•ith reference to this mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor's liabili4y hereunder or upon the debt hereby- secured. No sale of the prer,iises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE or its successors or assigns and no extersion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shai~ operate to release, discharge, modify, change or effect the original liability of ~ ihe h1URTGAGOR herein, either in whole or in part. ~ i i. It is specifically agreed that time is of the essence af this contract and that na waiver or any obligation hereunder or of ¢he obligation secured hereby shall at any time thereafter be held to be a waiver of the t<rms hereof or of the instrument sewred hereby. IN WiTNESS WHERECF, the said MORTGAGOR has hereunto set h~s hand and seal the day and year first aforesaid. Signed, Sealed and delivered i~ presence of: r , i ~ _ i • ~ , , ~ . ri il / .U : ~ . . ~ ~ ~ ' C ii ~ - ~ .~,1~~~"-~~~~~~~ - . ; , ~ ~ ~ f 1, - _ - - - - - - - - - - - - (SEAL) r~. L-~ -~yE"-t`_-~ ~~.>f 7 Z'°t~f/s'+ ~~-r.-~-~~ - - - - -Y-~-- ~ ~ - (SEAU STATE OF FLORIDA St Li~1C1~ tr SS. COUNTY OF--• l Before me personal!y appeared ____.._____~~r~~Z~i~D D. Cl~s~ and .___.____~I7~,I,,,X_~ E~._~1~SE___ _ his wife, ta me well known, and known to me to be tne individuais described in and who executed the fore~i~ing instrument, and acknowledged before me that they executed the same for the purposez therein expressed. T~- ••,'1`t:• ; , i ~ WITNE$S.'iny•~~d official seal this''----~-i3------ day of _._~CEIT'1liE:T---. - , A. D. 196~.. . . . . , . ; , . ~ ' ,.s..e..,_ - ~ ~ I .a e ~ ~ ,~~G~_~~--s-~=G~.~~--~_ - - • ~j ; • Notary Public in and for the Stste of{,~forida at Lar~ My comm' sion axpires: , • ! ` ~y + ~N~itary ~~ea1) .,a~:~r.-~!:; 4. _ ~ - 9 ti~., :o~:~~~.n:~~ E:~ r _ r_ I ~ ~ r - : - ~ ~ ~ . . . . _ ~ . ~ . - __.e.~. ~1 ~ ~ ~ ~ W ' ;Zo~ ~ ~ ~ ~ a z I A i~ y o ~ i j ~ FIL. 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