HomeMy WebLinkAbout1994 , 2 ~ ki,, ~ 4~
owic~? or poUd~s ~a r~AORTCJ1~GEe sh.~~ raw el+. apttan eo naiw a~aa~p1y n,. s~m. an .oooi.+t of tn. tn~f.ehdn~n ~cw.a n~? or ti+
p~m?it said MORT'GJ1i00RS to tioNw and u~ it a any Put tMn~of for ot1+M wiMaut tMr'~b'f? ~ or ~nV+~++~ +~'f? ~+ib.
li~n or ri~h unda or by vtnu. of Mb . snd ~n eM .wnt ~atd MORTi~~GV~S d+d~ fa +ny r.aon eo kMp et» ~d prwr~sw ~
w trow~d. tor fail to ddiv~ vr'o~nptb arh?~~P~~ of inwxana to ~aid MOR or hii pi~o~npty to p~f? tu~h?an~ M~~nN~
or In u~r ~ct hli ro pKionn. ~M?N~ ~ffset. eompNt~. eon+plY wlth i~~ b~? Mk oo~r~~tnt. a an1? Pwt l~~of~ »id MORT~ -
GAGEE enaY Plaa ard p~y tor w~ch inxua~a~ a~y pat thK~of without v+NvN~ a af1~~~ o~tion. N~n. ~h?. w ~I~ht ~id~? or b~l
vi.tw of tNs ti~. and th~ lull amour~f of e~ch and ~v+ry sud~ P+Y~+~+t ~11 M 1. dw and p~bl~ and s1+~11 b~ar intKSSt
fran th~ dat~ unHl paid at th~ rat~ of ~and sp(,~PK PK anwxn snd to~etM? with woh int~st shill b~ s~owrd b~? N+~
~ ~ mo.e~.p. seven oae-quarter .
4. To p~mit~ oom~Qt a wfhr no w~t~. in+P~tmwnt or dM~rioratioo of saW propKt~r or any put thK~of.
S. It is h~nby specifkal1y ape~d th~t sny win w stxns whici~ may b~ Iwrwd c? sdvar~ad~y ths Mort~s~ee to th~ Mort~+~a` ~t any
tir~ aftw th~ ~oordi~ of tl~s indM+rtun. to~thK with inttrat 1Mnon at tFM rab a~ned upon ~t th~ tlnw of wch loan or advanct. sh~ll b~
P~rwidyid, that the aure~stt~smo~r+~of PrinciW~~a+~tstandint atkse~~y
t~ Il~eot ~~oc~an~ainount ~4w~ to ane~ and
fltty~
o~K+t
(150~) of tM prindpd amount ori~inilly seaHd her~by.
6. To pay sll snd si~ulsr tM costs. d+~~s snd ~?ta. inchdtn~ s nssoMbb stMrt~
s h~ and oosts of abstrsct of Htl~ i~r
currod or paid st NrrN by saW MORTGACEE bscsuse or in tM ~vant of tM fsik~?~ on tMp~ of the s~id MORTG/100R to duly. Won+Ptly
ar+d fully PKfortn.~?te. e~aw». efhct~ oompNt~. oanplY with snd sbid~ b~? esth a~d wwY ~~ytions. ap~ma~fs. oo~x~Hons
:nd oownanri of said p~o~rdsson? not. snd Mas mo~a`. urf? or .tth.r. sncl saW oeats. e1+.~s and ~cp~en~s. .sd~ and shall b~
irwr~diately dus snd WYsbk: wh~ther or not t1~e b~ notia. dNOand. sttempt 1o fufl amwint of ~sch and
every suth payn~tt shall bsar Mteoest tran th~ d~te thenof unHl p~id at the at~ o antum p~? ~rrM~en: s~d ~II said
costs, char~as and sxpenses sb incur~d or paW. togethsr with wd~ ~nterat. sh~ll be sapurd by th~ li~n of tNs mortp~.__
7. Thst W in the eva+t of any bnsch of this Mort~sN or defauh on tM W~ of th~ MORTGI~GOR. or tW In th~ event any of saiQ
wms of monay herein nferrod to bs not promp~ty snd fuly paW within thirty (30) days next after th~ ssm~ sevenly b~oomt du~ and payabl~.
without demand or noNOe. Or (t) in ths event NCh snd ewry ths stlPulstfons, a~esrt~ents. 001fditio~s and COVenants Of ssld promissory nott
and c?~is mort~sss snr or etthe~ sre not duh. P~Pt~Y and tuty p~forn+sd. dischar~ed: exea~ted. eH~ected. oompl~t+d aomplied wteh and
abided bf?. tF~ i~ etther or u~y wch ev~t. ths said s hgate wm mentia~sd ie ssW P+'~ssor~? rat~ ttwn romslnMt a+P~id. with Interost
u~
accnied. and allma~eys xwred heroby. shsll beooaM and psysWe forthwith, or thet~saft~. st ths option of s~id MORTGIICEE. as ~ully
and oo~npktely as if sil of the said wrris of ma~ay were originally stipulated to be paid on wch day. aMrthir~ in ssid p~nrnissory note w in
this Mort~ags to the oontary not wiM~standin~; srd ti+eraupon or tMteafter at the optioo of ssid MORTGAGEE, wltFwut notios or damsnd.
wit at law or in equiy. n~ay be prosecuted as if all erwnia sewred hereby hd m~turod prlor to Hs Mstitutbn.
8. Th~t in the e+rent that at th~ b~innirq~ of or at arry Nme psnding any wit upan this Mo~t~,a~e. or to faxlos~ it. or to refwm
it, or to enforoe payment of any clalms hee+eunder. ssW MORTGACEE shall spply to the Court Fyviry~ Iuris~etian ths~tof fo? the appdntmi.'nt
of a Reoeiver. wch Court shall forM~with sppoint a Roceiver. of ssid mort~a~ed property a!i snd sin~ulu. inclu~n~ all and singular the
income, pmfits. issues and revernies from wa+atever source de~ived. aach a~d evsry of wNtb. it beint expressly understood. is h0~'Y
gaBed as if specifialiy set iorth and described in the grrnting and habee+dwn ttsusas hereof. snd suct+ Reoeive? sh~ll hsv~e sll ths brwd and
effective fw~ctions and pow~ers in anywise entnnted by a Court to a Reoaiver. -and sud~ appointment shall be mads by wd+ Court as an
admitted equity and a maeter of abmolute right to said MORTG/1GEE. ~nd without rcfee~e~oe to the sdequacy or inadeqwcy of ths value of tF?e
P~~~Y ~~B~~ O? t0 the So1vOnCy w insolvency of saW MORTG/1GOR or the defendants. and that such ronis. Pr'o6its. inownes. issusa
and revenues shall be spplied by wd~ Receivrr aooo~ding to the Uen or equity of sald MORTC~A~GEE snd the prxYioe of wch Court.
9. To dul~r. Prar+Ptly and tul~Y Pe+fonn. discF+arge. ex~u+te. efi~set. oanpkte to~+P~Y with and abide by each snd every the stipu-
lations, agraements. conditions and oovena~ts in said pranlssory nots and in this mort~s~e set forth {
10. Thst in the event the awnersNp of the mortgsged p+emises. or any part thereof~ beoornes vested in a Person other thsn the !
MORTGAGOR. the MORTGIIGEE. its waessors and assigns. may. without notite to the MORTWGOR, deai with wd~ wocessor or wccessoa ~
in interest with reference to this mortgage and the debt hereby securcd in the ssme manner ss wtth MortgaBe? without in any way vitiating ~
or discharsir~ the Mort~s lisbility ~ida or uport ths debt lrreby sewred. No sak of the W'm?ises herobY~o~tga~sd and no foro- `
bearano~ on the part of the MORTGI1f,EE or its wocessors or auip~s and no extensiae of the tims for the payment of the debt hareby sewred
given by the MORTGAiGEE o? its wtoessors or assig~ns, shail openb to relesse. ~F~SBe. nadifY. change or effect tfie originsl liability of
the MORTG/1iGOR Mrein. efMrer in whok or in psrt. ' .
11. It is spedfiqUy a~?eed tF+~t tims is of tM essenoe ~if this oontnct and thst no v~iver or sny abli~stia~n F~sreunder or of th~
obligation secund hsrq~r shall at w~y tirn~ thsresfter be held to be a waiver of the tem~s hereof or of ths ir~stnrnent seaued hereby.
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Saled snd ddivewd in pr~seno~ of: _
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F _ . . ~SEAV
_ _ ~~^V
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ST/1TE OF FLORIDA ) ;
} $S. ±
COUIV'TY OF------------------ 1
e.fore n+. pe.so~aih app~and - _ ~d :
his wii~. to ms well krawrti to me to be ths iedividwis d~sc~ib~d in
and wFw tu~0uted tht fon~oir~ instrurnant. snd aCicnowkd~ed b~~ort tns t1~at they exea~ted for the purpos~s th~nein ~xprrsstd.
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WITNESS mY hand and ofRcisl tal thi~r.----.--- -da1? of---- D. 19~---
Nohry Publk M a~d for the Shb of Fb?id~ at Larp. -
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