HomeMy WebLinkAbout2543 po~~cy or poUct~s ssW MORTGJIGEE ~+all haw tM option to naiw ~nd apply ms s~m~ o~ aaar~t ot tM ind~btsdness s~au~d h~nbv a ro ;
permit ssid MORTG/1GOR5 to haive ud uss it or any put thsroof for otF~ purpo~ withouf thenby walvin` or imp~tirin~ any equity, ~
lien or ri t und~r or by virtu~ of thh Mortp~: snd i~ tM went s~id MORTGJ~ A?C RS shall for sny nison hil w ksep th~ sald promises ;
so inw . or hil to d~liver prwnptly amr of ~W polki~s of inwr~na to ~id MORTCJIGEE. or htl prompty to psy iullyany ~wn tf,e~efa,
or in any ~~spect fsil to perfonn. disdy~~e. executs, effect~ oompleb. comply with snd abids by tMs oovenant. or u~y put Mroof, sald MORT ~
G/1GEE mnr ptace and pay for wch ir?wnnos a sny put theroof without waivin` or sffetting s yop
tton. lien. eQuiry. a ri~ht und~~ or by ~
vi~tus of this Mort~s. and dhe full smount of ~ch snd evtry wd~ psyrne~t shali bs imn»d'~ateljr due and psyabb and sF+all bsar interost
from ths daM then~f until paid at the rab of i[1CCsnd ~ii~ta~ths pe? cent ps? annum and to~etMr with wd~ interest sh~il be secured by tne
of ~a: . seven five
4. To permit. oommit a wffer no waste, impatrment or d~terionHon of said property or any paK the?eof.
5. It is heraby specifially ssned that s~y wm o. wms which msy be loaned or advsncedby tM MarQa~ee ro N,. Mw~pror at any
time after ths reoordins of this indenture. together with i~terest fhereon ~t ths nte sgreed upon st tl+e tirns of wch ban or advsnce. shall be
eqwlly securod with snd iyv~e the ssme priority as tha ori~insl ind~btedness. snd be wbject to all the tem4t and provlsio~s of this mortgaae:
Provided. that the ag~rogats ama~nt of prl~cipal autstandlns st u~y time sFwll not excaed an an+amt eqwl to one hw+drad ~nd Hfty pe? oent
(150~) of the p~intlpal smount originally setured hereby.
6. To psy all and singuiar the costs. charges snd expenses. including a reasonabte stto~ney's fee and coats of sbstact of title in-
curred or paid at any time by said MORTGIIGEE because o? in the event of the hiluro on the~s rt of the said MORTGAGOR to duly. pron+ptly
and fully perform. discharge, execute, effcct. comPb~. ~~Db with ond abide by each and every ths stipulations. sgroeme~ts. conditions
and cavensnts of said promisxorv note and this mort6age any or eithe~. snd said costs. cMrges snd expe~as. esd+ and ewry. shall be
immediately due snd payable; whether or not there be notice. darnsnd. attempt q~~t 1 pending; u~d the full amount of each and
~p. u
every suth payment shall bear lnterest from the date thereof unHl psid at the rafb of~c an~~tenths per oe~tum per smum; snd all said
costs, charges and expenses so incurred w paid, together with wch ~nteres~. shall be secured t lien of thls mort~sQe.
7. That in the event of a~y bre~ch of this Mo~tgage or default on the part of the MORTC/1GOR. or Ib) in ths avent any of said
sums of mamy herein referra.i to be not prornptly and fully paid within thi?ty l30> days next sfter the same severally becane due and payable.
without demand or notice, w(c) in the event each and evary the stipulstia~s, argeements. conditiau and cove~wnts of said promissory note
and this mortgage any or either sre not duy. promptly and fully per(ormed. fiixharged, executed. effected, compkied oompliod with and
abided by. then in either or any such event. the said aggregate wm mentianed in said pramissory note then remaieing unpsid~ with interost
accrued, and all moneys secured hereby, shall become due and psyable forthwith, w thereahe~. at the option of satd MORTG/1GEE. as fully
and compktely as if all of the said wms of money were originally stipulsted to be paid on s~xh day, anything in said pranissory note or in
this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of satd MORTWGEE. without notice or demand,
suit at law or in equity. may be prosecuted as if all monies secured hereby had matured prior to its institution.
8. That in the event that at the beginning of w at amr time pending any suit upon this Mortgage. or to forccloae it. or to reform
it, or to enforce payment of a~y claims hereunder, said MORTG/1GEE shatl apply to the Court having ju~isdittion thereof for the sppointment
of a Receiver, wch Court shall forthwith appoint a Receiver, of said mortgaged property all and singular. including all and singular the
income. profits, iswes and revenues from whatever source derived, each and every of which. it being expressly understood. is hereby mwP
gaged as if specifically set forth and described in the granting and habendum clauses hereof, and wch Receiver shall have all the broad and
effective functions and powers in anywise entrusted by a Court ro a Receiver. and wd~ appointment shall be made by wch Court as an
admitted equity and a matter of absolute right to said MORTCAGEE, and without reference to the adequacy or inadequaq of the value of the
p?operty mortgaged or to the solvency or insolvency of said MORTGAGOR or the defeodants. and that such rents. profits, incanes. iswea
and reve~ues shall be applied by such Receiver aotording to the lien or equity of said MORTGAGEE and the practioe of wch Court.
9. To duly Pranptly and fully pe?form. discharge, execute. effect, complete camply with and abide by eath and every the stipu-
lations, agreements, conditions and tovenants in said promissory note a~d in this mortgage set forth. ~
10. That in the event the ownership of the mortgaged premises. or any part thereot. becomes vested in a person other than the ;
MORTGAGOR. the MORTC/1GEE. its sucoessors and assigns. may, without notice to the MORTGAGOR, deal with such wocessor or wccessors +
in interest with referente b this mortgage and the debt he~eby secured in the same manner as with Mortgagor without in any way vitiating
or discharging the Mortgagor's lisbility hereiuider or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore-
bearance on the part of the MORTG/1GEE or its wooessors or auigru and no extensio~ of the time for the payment of the debt hereby secured
given by the MORTC/1GEE or its wcoessors or assigns, shall operate to release, discharge. rtadify. change or effect the originaf liability of
the MORTGAGOR herein. either in whole or in part.
11. It (s spec.iHtally agreed that time is of the essenca of this tontratt and that no waiver or any obligation hereunder or of the
obligation secured hereby shall at amr time thereafter be held to be a wsiver of the tenm hereof or of the inst~ument secured hereby.
, Sealed and delivered in pros~nte of:
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i~?i t~f r~.uk~uA
i - - - y ~ DOCUMENTAp~ STAM~ AX cSEI?u
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~ - - a = _ ~C-S68 ~~!'c = - - _ (SEI1U
STATE OF FLORIDA = ~ - 3 9 0 U=
o CCN.?TAOtLER
courvnr oF--------_-----------_____ Z P.B.:ee~2o =
eetore me pers«,s~y oppes.ed .
~ . - - and
his wife. to me well known, to rne to be the individwls dacribed in
and who e~cewted the foreQoing instnxr~er~t, snd stknovvledaed bsfore me that they executed me for the purposes therotn expresstd.
WITNE55 my hsnd snd official sesl this---•-------_ __.dsy of_~_--------------------- -/1. D. 19_----. i
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Notary Public in and for the State of Fbrids at Large. J J ~
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