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Home My WebLink About0385 vaitl? ur pslid~s s~id MORTCJ1iGEE shdl hsw th~ option to ticslve a~d ~ppfy te~ ssn~ on aooo~mt ot tM b~t~dnas ~a+nd MrrOv a~n pemnit said MORTGA~iORS to ncNvw snd us~ it or an~r Pxt tMnwf fa otMr pos~ wiMout t1Nnb~? w~vi~ a~m0+j~ a~+~f? w~b. lia~ or ~i~t ur+d~~ a by Wrtw ot thts~Ao~ . and in tM ~v~?t s~W MORT~J~?GORS sMrfl for an~? n~~on bil to i~p th~ s~~d pra+?:sos ~ ~ so i~ued, a hil to d~livK promptyr sn~r of s~~d poUci~s ot inwonos to s~id MORTG/?GEE. or fail pramptyr to p~y fullysrry ~nniun th~.~fo.. a i~ anY hcp~ct bll to pKfonn„ disd?up. t~o~cut~. iff~ct. aompht~. tanP~Y with snd sbidt bY Mis aovensnt. or anY W~t hKwf, s~W MORT- GI?GEE n?~y aac. snd p.y for sud+ ~snc. orarry p.~ Nw.of vaehour w~s~ns a s~~~ WY+~~~and ~Iltb~sr ~ma ` virtw oE this Mort . sn~ tM futl ana~~+t af ~sch ~nd wsry wch P~nn«+t sh~ll be from th~ d~t~ r~x~unNl psW at tlk nt~ of stx and stx•t~nths OK cent pa smure and totethtr wiM wch inta«st sh~l1 b~ secured by the ~ lien of Mis nwrt~sp. 4. To pe~nwt, oomnut or wffa no wsste~ impairm~nt a d~teriontion of ssid p~opaty w sny put thK~of. 5. It is heroby specifically ssned tl+~t sny surn orsiwms wl+ich may be Ioar~eL or sdvsnced by the Mortgsfae to th~ Mort~a~ st sr~ time after the nco~din~ of this ir?dentust. to~ethsr with i~?te~est theroon at the rab ~reod upa? at the tims of wch ban or sdvsnce. shall be eqwlly secured with snd F+iw tha sart~s priaity u th~ aitin~l urdebtedness. snd be wbjett to ail ths tenns snd provlsions of this rturtta~s: Provided. that ths s~~e~ah smaint of printipal outstand'in~ st any time shall not exteed an sma~nt equal to one Mr~d~ed ud Hfty par oent (150~) of the printipil a~nount ai~irylly secured hereby. 6. To pay all snd sin`ula? the costs, ch~ms and e~ses. ie~cludine s reaso~abk attwney s fee and oosts of sbstnct of titie in- u cu~rcd or paid at any time by said MORTGAGEE because or in tM evont of tF~e f~ilure on the part ot the s~id MORTG/?GOR to duh?. P~~Pthl snd fulb Perform. disthuge. .ucecute. effect. comPkte. oomPh with snd abide by exh and every the stipulations. atreements. caditia~s aod covenants of said promiss~y note and this matpg~ any or cither. and ssid costs. cha~ges and e~nses. each s~d ewry. shall be ~ irwrw,diately duo and payabk; whether or not there be notice. dannnd, attempt ro oollect or wit pendin~: and the full amax+t of exh and every such payrnent shali bear interest from the daro thereof uniil paid at the nte of six and sjx-tersths pe? cu+h~m Per sm~xn: and atl said costs~ cha~s and expenses so ~ncur~ed or paid. toeether with wch interost. sh~ll b~ securod by th~ lien of this mo~t~ap. 7. Thst in the event of any brosch of th[s Mortga~e or default on the part of ths MORTGACAR. or (b) io tt+e rvent any of saW wms of money herein refe?red to be not promptly and fully psid withtn thirty t30) days next sfter the same seve?aly become due and payable, without demand or notice, or (d in the event exh and every the stipulatiaos, argeements. tonditions and oovenants of said p~omissay nate and this mortgage any « either sre not duy. PramPtly snd fuiy performed. dtscha?ged. executed. effected, car~~leted oornplied with and abided by. then in e:ther ar any uxh event, the said sggregate wm me~tioaed i~ said promissory note thm rcrnaining unpald~ with Interest accnxd, a~d all moneys secured hereby. shail become due and payable fo?thwith, o? thereafter. at the option of said MORTGAGEE, as fully and comp[etely as if all of the said wms of money were originaly stipubted to be paid on such day. anything in said promissory note u? in this Mortgage w ihe contnry rat withstand~; and ~hereupcx~ or therzafter st the option of said MORTGAGEE. without notice or de+nar+d. wit at law or i~ equity. rtwy be prosetuted as if all mOnies setured hereby had matun.d P?ior to ifs insfitufion. 8. That in the event that at the beginning of or ~t any time pending any wit u~wn this Mortgage. or to foreclose it, w w reform it, or to enforce payment of any claims hereunder. said MORTGIIGEE shall appiy to the Court hsving jurisdction thereof for the sppointrnent of a Recriver, such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular. includng ali and singular the income, profits. iswes and revenues fram whatever sou~ce derived, each and every of which. it being expressly understood. is hereby mort- gaged as if spetifitally set forth and described in the g~a~+ting and habmdum c4uses hereof, and suth Reteiver shall have all the broad and effective functions and pov?ers in anywise e~trusted by a Court to a Receiver, and such aPPointrrKnt sF~a~~ be mad~ bY wd+ Cou't as an admitted equity and a matter of absolute right to said MORTGAC',EE, and without reference to the adeqwcy w inadequacy of tF+e value of the ~ property mortgaged w w the solvency or insolvency of said MORl~Gl1i(iOR w the deferdants, and that wd? rents, profits. +nc«nes. issue~ and reverw~es shall be applied by s~xh Receiver aocwding w the lien or equity of said MORTGAGEE and the practice of suc~ Court. - 9. To duiy. promptly and fully perfam, dscharge. execute. effect. oorr~plete camply with and abide by each and every the stip~u- IaNons, agreements. conditio~s and covenants in said promissory note ~d in this mortgage se~ forth. , 10. That in the eve~t the ownership of the mortgaged premises. or any part thereof, betomes vested in a person other th~n the MORTGAGOR, the MORTG/1GEE, its suttessors and auigru. may, without notice to the MORTGAGOR, deat with such successor or wctesso~s ~ in i~terest with reference to this mortgage and the debt hereby secured in the same manner as w~th Mortgagw witFaut in arry way vitiating i or discFtarBu?B the MoriB,aBor's liabiliy hereunder or upon the dtbt hetebY sec~red. No sale of the prert?ises hereby mortgaged and M foro- bearance an the part of the MORTCJIGEE or its wocessors or aui~ns and oo extensio~ of the time for the paymeot of the debt fiereby~~eSured given by the MORTG/1GEE or its wccessors or assig~. sfiall opente to release. d~scharge, modify. change or effect the original'(ia~ilfyrhf- - the MORTG/~CAR herein. either in wMle o? in part. 11. It is specifically agreed that time is of the essenoe of this oontract and tfiat no waiver or any obligation,i~q~Pjrider~'a of the/ abligatian secured hereby sgha~ ~1tt any tim~eg~y h1etr bep to be s wai lhe hereof or of the instrtirnent sea~ad _ ~ IN WITNESS WHER~fiF.StF~asaid~llAORTCJ~?GOR ~C rs anc~`a~ixe~ i'~s co~~ ~~r first afoi' ~cV~,,'~'`'~: Sigr?ed. Sealed snd delivered in presenos of: -~:l~±Y• Edenlawn Plantation, iric ~ , • . - - - - - - - - By= - . csEwu , ~ s' ~ - a-''.-~ Attest. - . _.~v~ - - - - ~ ~q~ip^ , Secreta ~ _ ss, courmr oF ~e R,. iti A. D. MERWIN and AR'I~IUR_H. PHILLIPS~_President ~ Secretary of ~nlawn Plantation, Inc. , a Florida co~ratioii to me well . u~d krawn to ~+ne to be the ir~viduaB desc~ibed in a~d who e~ceouted the toreQar~ instrument. and adcnorvled~ed befae me that they e~m~cuted the same for the purpoaes therein express~d. As the act and deed of said corporation ereunto duly authorized. wm~ESS h.~a .~d o~i ~i e~as~._~.1 T~ __d.~? o~_- ovember - - - . A D. 19 ~Z . Nohry Public in and for the Stste of Fbrid~ at Ls~e. - - ` "_~O[,'~Xj/-.,~5~~ - MY oommission expi~es ol ' / d _ _ ~ - ~ . ~ ` ' ~ - - . , H ~~1G ~ - V~Z ~ 1 • - ~ • . • i,~ ~.~r ~ ~ O ~ . A• ~'r ' ' • _ - a ~ °1~ Q ' ~"o Z aa a » o ~ „ o W - a " : , < ~ ~ ~ ~ . ~ ~ F°, = ~ m o ~ ~ ~ wn~i ~ _ ~ e ~ j ; t E"~ ~ w ~ ~ A ~ g : pq ; ~ ~ • ~ 0- BC~ ~ PACE 3~~, E" ~ ~ . ~ i f. - _ - -