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Home My WebLink About1804 l~ ~ ' ! ^ t ~aoticy or po:icies said MORTG/~GEE shall hsve tM option to reoeivs and appiy tne sune o~ accncr~t of ths i~debtedn~.•ss secured he~ebv a n. permit said MORTGJIGORS ro reccire end use it o~ ~rry part therooi fo? other pu~poses rrithout thereby waiving or impairing arty equity. t~er? or right under w by vi~tue of this Mort;gage; and in tM evt~nt said MOR~iGAGpRS shsll f~. sny r~son fatl to keep the said premises sc+ insuied, or isil to dttivet pr~tr?ptty any of taid policies of i~uurance to said MG~RTGAGEE. or (ail p~amptFy to pay fully any pcemium therefor. or i~ any ~espeCt fail to perform~ discharge, execute, effect, ~romplete, tanp:y with .:nd ab:de by this covenant. or any pan hereof, said MORT ~ GAGEE may plate and pay fw suth ins~trance or any psrt thsteof witl:out waivi~g w affecting ary opt~, lien, equity, ot right under or by v~.iue of this hlatgage. anct the full amount ot aach and every such pavment shad be inuriec!;ately due ard payable a~d shall besr interest trom the date thcnwf u~,til paid st the nte of six a~d ter~ths par cent pcr annum a~d together with s~xh interest shail be secured by the I~en of this mortgage. ~e To permit, canrni? a wtfer no waste, impairment or deterio?ation of s,~id property w a~y part theroof. 5. it is fie~eby specificalty agreed that any wm or wrm whFch may L?~ loaned or ddvanced by the Mortgagee to the Matgagor at an 3 r~me after the recording of this inde~turc. together with inte?est the~eon at the rate agreed upo~~ at the time of suth loa~ or advante, sha71 be 0 equally secured with and have the same priority as the originat indebted~ess, anrl be wbjecf ro all the te~ms arwi provisions of this matgaga ~ Provided, that the aggregate amount of printipal outstanding at any t:me shall not exceed a~ ao~wx~t equal M one Mmd~ed and fifty per tent ~ (15096) of the p~incipal amou~t originslly secured h~veby. ; 6. To pay all and singular the c~sts~ charges and expenses. i~ctuding a reasonable aqorney's fee and toats of abstnct of title in- curred or paid at any time by said MORTGAGEE becausc or tn the evcnt of the tailure on the part of the said MORTGAGOR to duty, pnxnptly ~ ;.nd fully perfo~m, diuharge. execute, eftcct. complete, comphr with and abide by each aod every the stipulations, agreeme~ts, conditio~s ' and covenants of aaid prat~issory rate a~d this matgage any or either. and said costs, cha~ges ar?d expenses~ each and every, shall be immecf;ately ciue and payabte; whetns:r or not there be notice, d.~nd. atternpt to coUect or sui , and the full amount of ead~ and ~ e~ery wch payment shall bear interest from the date thereof w~til paid at the rate of six anc~qc-tw~t per oentum per annum; and alt said ~ costs, tharges and expcnses s~ iocurred o? paid. logethrr with wch interest. shall be ~ecured by the lien of this rnortQage. 7. That t~ t~ the event of a+ty brrach of this Mo?tgaga or default on the part of the MORTGAGOR. or lb) in Me event aMr of said sums of money herein refe~red M be not promptly and fully paid within thirty (30) daqs next aker tha same s~wenlly become due and payable. without demand or notice, or (c1 in the event each and every the stipulations. argeemcnts, conditions and tovenants of ~aid ~xomissory note and this mortgage any or either are not duly, prompty and fuiy performed, discharged, executed, effected, oornptetod complied with and abided by~ then in eitt~ or any such avent, the said aggregate swn mentiamd in said promiswry note then rematning unpaid~ with inienest accnxd. and all mooeys secured hereby~ sha~~ becar~e due and pavab~e forthwith. or thereaiter. at the option of said MORTG/1GEE. as fully and campktely as if all of the said sums of nwney were originally stipulated to be paid on such day~ anythi~g in said promissory noce or in this Mortgage to the tantrary not withstanding; and thereup~n ar thereafter at the option ot said MORTGAGEE, witt?aut notice or dertwnd~ suit at law or in equiy. may be prosecuted as if all monies sewred hereby had matured _ prior to its i~.titution. 8. That in the event that at the beginning of or at any time pe~ding any wit upen this Mortgage. or to forectose it. or to reform it, or to. er~force p~ayment of any claims F~u~der. said MORT[',AGEE shall apply to the Court having jurisdiction thereof for the appantment of a Reteiver, wch Court shall forthw~ith appoint a Receiver. of said mortgaged property all and singular~ includiog all and singular the income, profits, iswes and revenues from wl,atever source derived, each and every of which. it being expreuy undc~stood~ is F~eby mort- gaged as if specifiwlly set forth and described in the granting and habe~dirn clauses hereot. ard such Receiver shall•have all the broad and effective functio~s arx! powe~s in enywise entrusted by a Court to a Reteiver, and suth appoint~r~ent sF?all be made by such Court as an admitted equity and a matter of absolute right to said MORTGNGEE, and withaut reference to tF~e adequaqr or inadequacy of the vatue of the P«'Pa+'~Y ~tBaBed or to the solvency or i~solvency of said M4RTGAGOR or the defendants, and that wth rents, profits, incoines, iswp ~ and revenues shaU be app~;ed by sucF, Receiver aocording to the licn or equity of said MORTGAGEE and the practice of such Cou~t. • 9, To duly. p~omptly and fully perform, discF~arge~ execute, effect. canplete compy with and abide by each and erery the stipu- lations. agreements. ~tions arxi covena~ts in said proa~issory note and in this mortgage set forth. 10. That in the event the ownership of the mortgaged premises, or amr part thereof, bceomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its wocessors and assig~, may, without notice to the MORTGACAR, deal with wch successor or wocessors in interest with referente to this mortgage and the debt hereby setured in the same manner as with Mortgagcx without in any way vitiating or discharging the Mortgagor's liability herew~der or upw~ the debt hereby secured. No sale of the premises F?ereby mortgaged and no fore- bearance on the part of the MORTGAGEE w its wcceu~as or assigns and no extension of the time for the payment of the debt hereby secured g;ven by the MORTGIIGEE or its successors or assigr?s. shatl operate to release. discharge. modify. thange or effect the original Ilabllity of rhe MORTGAGOR herein, either in wFwle ar in part. 11. It is specifisalfy agreed that time is of the essente of this oontnct and that no waive? or any obligation hereunder or of the obligation secured hereby sha11 st any tir~e tF~ereafter be {~eld to (k a waiver ot the terms hereof or of the instrument-sea~red hereby. • IN WITNESS WHEREOF. the said MORTGAGOR has hereunto set his hand and seal the day and year fint afwesaid ' Signed. Seakd and detivered in prese~ce of: A+,~) ~ N , _ / / - - - r'"~aC`=-- s-`-~-~t II~C'V1,1A07Y (SEAU . - - L ; ~ - - r . _ (SEI?U - - ST/1TE OF FLpRIDA - couNrir ~ I~dian River ~ ss` aefwe rne personaly apvearoe _ DAVID G. E~ M9RRIi,~QN_ and MARY B. MORRISON_^__ w;h. ~ R„ ,i,d k~wvn, w me ro be the ind~vid~,.ls aescribea in and who exetuted the fore`oing instrurnent. and atkn~aN~~ beforc me that they exewted the same for the purposes tl~ein expressad. - wiTn+Ess ~ar. ~ 4d o~i xai e~~-- ' - ---a~? of__~Getxll~t------ ~t o. -is__ b6. . _ , ~ . ~ ~T f . ~ JI~ ~ ~ ~ ~ ~ . . ~ Notsry Publit in ud io? the $tate of Florida Lar~e. ' ; " MY NOiARY PUBLiC STATE of fLORIDA ~t ~qR~~ r, • t~ ilY C0J11MISSfOf1 `.Xp~RES { ' , , (I~IOIilI'~' ~7~G~.I, ~ OONDED TMR ~ pa ' . . t~ J~ . E„ Y ~M RRtp RWOA!! A . _ , , o ; w _ . ~ ~Z ~ W = ~ . A Z a i o FII~D AP1G R~CORDED -!:~!~itt';;a~;t~=~: ^ ~ Z~i ~ ~CUi~3TY. FLA• ~ 'y _ a o v z J~ ~ ST. 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