Loading...
HomeMy WebLinkAbout2018 . ~ ! podcy w policles said MORTGAGEE sh~ll 1+ive tM option b roaiw u?d ~pp1y ttr ~ on ~ctar+t of tM indsbtedness s~cund fwrobv or h+ pe.mit sald MORTC/1GORS w receiw and use It or ~y put tMhof fa ot1~ p~~poses without tF+enby waivin~ or impaiN~ +n1? equib. Hen or ritht under or by~rtw of this Mort~s~: snd in tht event said MORTG~/1CiORS sM+dl i~or ~ny ~sson hft to keop ths ssid p?emisss so inwred. or fafl to dsl p~omptly any of said poltcies of inwnnce to ssid MORTWGEE. o? fsil promptF~r to psy iully sny pranium therefa. or in sny roipect fail to perform. discF?uQe, exewts. effect. campkte. comply with ard abide by thls oova+snt~ w any p~sn Mreof, said MORT GAGEE may P~ ~ WY for wch inwance orany Wrt thereof without waiving or sffecting anyt optjon. Uen. epuib. or ~igPt und~r w b11 virtue of this Mort~a~e, and the full an?our?t of e~ch and every wd+ PsYma+t s1?~II be inxnediately due and payabk a~d shsll bsar interost from ths date theroof until paid at tM rsro of six and six-tenths per cent per snnum a~d together with wch interest shall be seturod by tM lie~ of this mortQa~e. 4. To pemnit. oar~mit or wffer no waste, impairment a deterioratian of said property or any part thereof. 5. It is hereby spccifically agreed thst aMr sum or sums wl~ich may be loaned or advanced by the Mortgsgee to the Mort~a~ st any time after the recording of this indenture, together with interest thenwn at the rate ag?eed upon st the time of wch laan or advance. sF+all be equaily secured with a~d have the sama priority as the original tndebtedness, and be wbject to all the temns and provisions of this ~nortgaae: Provided, that N~e aggregate amamt of printipal outstandiog at ~~y time shall not exceed an smamt eqwl't~o one FNx~dred and fifty per cent (15096) of the printipal amount wiginally setured hereby. 6. To psy ali and singular the coats, charges snd expenses. including a reasonable attwney s fee and coats of abstract of titk in- curred or paid at any time by said MORTGAGEE because o? in ths event of the failure on the part of•the said MORTGAG~R to duly, promptl~t and fuliy perfomn, dixhsrge. execute~ effect. compkte. oo~nply with and abide by each and every the stipulations. sgroerr~ts. ea~~ditions and covenants of said promissory note and this mortga~e any or Mther, and said costs. charges and expenses. each snd every, shall bs immediately due and payable; whether or not them bs notice. de~rwnd, attempt to coliect or wit pe~di~g; and the tull amaint of oxh and every wch paymer~t shall boar interest ftom the date thereof until paid at the rate of six and six•tenths per te~tum per aMUm; and sll said costs, tharges and expenses so incurred ar paid. together with wch interest, shall be secured by the lien of this mort~sge. 7. That in the event of a~y breach af this MortgaQe or default on the part of the MORTGACAR. or (b) in ths eva+t am? of said wms of money heroin referred to be not promptly and fully paid within thirty l30) days next afte~ the same severaly become due and psyabb. without demand or r?otice. w(cJ in the event each snd every the stipuWtions, argeements, ca~ditio~s and oovanants of said promiswry note and this mortgage ar~y or eiM~er are ~ot duly. PromPtly and fully parformed. dscharged. executed, effected. oompbted oomplied with snd abided by, the~ in Ntt~er or sny wch event. the satd aggre~ate wm menNoned in said promiuory note N~en ?ematning unpsid. wlth interost accrued. and allmoneys secured hereby. shall beoome due and psyable forthwith. o? theresfter. at the optio~ of s~id MORTC/1GEE. ss iuli~r and comptetely u if all of the said s~xra of ma~ey wem originally stipulsted b be paid on wd+ day. aeytNng in said qomissory rwts or M this Mortgage to the tontrary not withstanding; and thereupon w thereaher at the option of said MORTGAGEE. without notioe or denwnd, wit at law or in equity. may be prasecuted as if all monies secured hereby had matured prior to its institution- 8. T1+at in the sve~~t that at the begi~ning of or at any time pending any wit upon this Mortqage. or to toroctaae it. or to miorm it. or to enforce payment of any tlatms hereunder. said MORTGAGEE shall apply to the Court hsving iu~isdittion tF~ereof for the sppointment of a Receiver, such Court shall forthwith appoi~t a Receive?. of said mortga~ed property ali and singular, inciudtng all and singular the income, praHts. issues a~d revenues from wFwtever source derived. each and every of whith, it being expreuly understood. 1s herebY mort. gaged as if specifically set forth and described in the granting and habendum clauses hereof. aod wch Reoeiver shsll have all the broad ud effectiv~e functions a~d powers in sr?ywise entnuted by s Caurt to a Reoeiver. snd wch sppoinhnent shall be made by wch Court as an admitted equity and s matter of absolute ~ight to said MORTGAGEE. and without reference to the sdequacy or inadequaty of the value of the property nwrtgsged or to the soivency o? insoivency of said MORTGACOR o? the detendants. and that such ronts, profits. incomes. iuuos and revenues shall be spplied by wch Receiver socording to tha lier~ or equity of said MORTGAGEE and the prattice of wch Court. 9. To duly. promptly and fuliy perform, discharge. execute, effect, camplete comply with snd abide by eath and every the stipu- latiw~s. agreements. oorditions and toverunts in Said promissory note and in tfiis mortgage set forth. 10. That in the event the ownersNp of the mortgsged premises. or any part thereof. beoomes vested in a person other than the , MORTGAGOR, the MORTGAGEE. its wocessors and assigns, may. without notice to the MORTGIIGUR. deal with wd~ wcoessor or suooessors in interest with reference to this mortgage a~d the debt hereby sewrod in the same manner as with Mort6a8or without tn any way vitlaNn~ or discharging the Mortgsgor's Usbilify Mreunder or upon the d~bt hereby secured. No sale of tfie premises hereby mortgaged and no iore- beara~oe on the part of the MORTGIIGEE or its wooessors or sssigns snd no extension of the time for the payment of the debt hereby securod given by the MORTGI~GEE or its wocessors or assigns, shall opente to rclease. discharge. modify. change or effect the original IiabiUty of the MORTGAGOR he?ein. either in wF~ob or in part. 11. It is specifialy agreed that Hma is of the essenoe of this oontnct and tF+at no waiver or sny obllgation Mre~u~der or of th~ obligation secured hereby shall st sny time theroaft~ be Mid to be a wsiver of the temns hereof o? of the (nstrwnent sawrod heroby. . Si~ned. Sealed snd delivered in prese~oe of: ! - - ~V ~ ~ I ~ ~ - tSEAU ' ; ~ STATE OF FLORIDA F COUMY OF_ ~ ~ Before rn~ person~lly sppearod - '^d ~ his wife. to m~ well krwwn. to me to be the individuals drscribed in ~ and who executed ths fom~oin~ i t~ snd sckrawl~d~~d before me that they exewted me for the purposes therein e~res~d. ~ f WITNESS ud official seal this- -~_da1? of----------__________~_--------- /1. D. 19----- ; . ; i Nohry Publk in and fo? the State of Florid~ st La?p. ~ . ~ ~ W :._~o ~ ^ Z < z ~ A A _ ~ ; ; Q ° o m ~ _ ' W ~ ~ ~ _ ~ ~ ~ x H ~ o ~ a ~ ~ ~ A _ ~ H ~ ~ ~ ~==wz~A ~m E" - ` a~ ~ ~ O ~ ~ BOOK165 PACE2014 ~ ; . _ , . ~ . 1 . . , ~~,i~ - - - - - - - - - - - ~ ~ _ ~