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oouq or polkl~s said MORTGAGEE sh~ll F+~w th~ cPtion t~o nalw and apply tns ssm~ on aooo~+nt of tM ie~d~bt~d~n~s s~a~nd Mrrbv or ti+
pennit said MORTCII~GORS to ncsiw ard us~ it or any put tMr~of for ofFwr Ou withoat fhenby vwi~tir~ a fmpal~k+t aMl ~tY. j
Na~ a?i~ t und~r or b~r virtu~ of tNs Mortfapt and In th~ ~v«+t aid MORTGJ~~ ~11 io? any nison fail to k«p tM sNd pnmisa 4
so inwrod. or hil to ddiv~ promptly srry of ~afd policNs of imu~~+o~ to s~W MORT~iA~~
by
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t~ ~~Na~y P~~ ~b? I
or in ~ny rospat htl b P~fonm. ~uans. eHect. wmpNt+. eomply with and . or anf~ M~t hKwf. ~id MORT '
GI~GEE m+Y Plsa and psr fa wch inwrano~ or any p.~t e1+.nof wiihout wsivi~ or a a~yoption, 1~«~. puth. a ~t=ht und~• a b~r i
virtw of this Moripp~ and th~ full snwunt of ~sch a~d every such paymM~t :I+sll b~ ~tNy dw snd payabk ~nd shall be~r iMerest
frwn tM d~tt th~n~f unHl psid at Me nt~ of ~s~d c~nt p~? arr~wn and to~etMr with wd? intu~t sh~ll b~ sewred by th~
~i~+ ~ ~ ~+M: sevea o~ne-~ia°~f
4. To p~rmjt, oann~it or wfh. no wut~. inpairm~nt a d~tKioratioo of said propt~rt~r or ~ny psrt thu~of.
5. It is henby tpecificall~? a~n~d that any swn or s~ms which naI? bs Iwnad or sdvanc~d b~r th~ Mortp~t to th~ Mort~s~or st any
time afhr the rsoordins of tNs ind~nturo. to~tMr with intthst tMrwn at th~ ab a~e~d upa~ at ths Hma of wth Iwn or advanc~. shall be
eqwly ed with ard Mw tM ~me prbrity u tM ori~l ind~bt~drnss. and bt wbject w sll th~ te~n?s sr~d provisions of this mort~ase:
Provid~th~t th~ a~?e~~t~ smax~t of princip~l outstsrd~~ at any time shali not ~xc~ed sn amw~nt pwl to orvs hundred and Hfty psr oa+t
(150~) of tM printipal an?ount ori`in~lly s~wnd Mreby. ' ~
6. To pay sll and sin~utar tM ooats, charges and ~xpenses„ inclu~~ a ~easoniblf attorr~r's fes snd ooats of abstract of Htl~ i~-
curred or paid at srqr time by said MORTC/1GEE becsus~ or in tM went of the hiluro on thepsrt of th~ ssid MORTGAOOR to duFy. WanPth? ~
and fully pKiorm. dischans. exscute. effect. compltts. oomply with snd abids by esd~ arid ewry tM stipulations, spwments. oa+~tior+s
snd oovenants of s~Id promissory note and this nwrtWi~ sn~? or eithK. and said ws1s. tha~s and ~atfi ard w~y. sFrll be
imrnediatey dus and psysbk; whathsr or eat thers b~ notic~. dsnynd, attampt~ ; and th~ iull smamt of esch and
every wch psyment shall bear i~terost fi~om th~ date tMreof until ptid at ths ate o~snd pK oentum p~ snxxn; and sll said
costs, tF~rgas and e~enses so incu~~od or paid. together with wch interest, shall be securod by t li~n of tF~is nart~ap.
7. Thst in ths eva~t of any broach of thk Mort~s~ or dehult on the put of tM MORTGAOOR. os (b) in Hr r~a+t se~r of said
sums of ma~ey F,erein roferrod to bs not prompNy snd fuily pald within thirty (30) days ~ext aRu ths sams sevenlly b~ooew dus and paysbl~.
without demand or notke. or (~J in the event sxh ud 6wry the stipulations„ argoe:nents. ronditians snd covenants of ssid ~wte
and this mortgage sny or eitt~ sro not duly. Dron+Ptly snd ~ully pu(o~msd, ~schsrged, e~tswted. effetted. oon'iPkted ~ and
abided by. then in either w sny wch eveot. ths ssid sggre~ate wm mention~d ln said proraisswy nots then rcmaiNnR unpa~ with tnterast
accrued, and ailmoneys secured hereby. shall beoorns dus and paysbla forthwith. or theroafter. at the optian of saW MORTGIIGEE, as fully
and oompletely ss if all of the said s~xns of ma~ey wero originslly stipubtsd to be psid on wch day. snythir~ in saW promissory note or in
this MortgaQe b ths oontrary not withstandi~g; snd thereupo~ or thereafter at ths option of ssid MORTG/1GEE, without notics or demand,
suit at law or in equity. may be prosecuted as if ail ma~ies setured haraby had mafured prior to its instltution.
8. That in the wenf that at tha bsgin~ing of or st sny Hme pee~di~ any wit upon this Mortgs~e. or to forocloa~ it, or to retorm
it, or to eoforoe payment of any claims herar~der. saW MORTG/1GEE shall spply to the Court havtnQ jurisdkNon thsreof for the appointrncr?t
of a Receiver. such Court shall forthwith appoint a Receive?, of said mortgs~d property all and singular, inclufi~ all snd singular the
income. profifs. issues and reve~ues from whatever sourcs derived. esch ud every of which, it being expressly ~w~de~stood, is hereby mat- ~
gaged as if spectfiwlly set fo.ih ard described in the granting and habnndum clauses heroof, and wch Reaiver shall have sll ths broad ar?d
effective iunttions and powers in anywise entrusted by a Court to s Reoeiver. and suth sppointn~ent shall be trnde b~? suth CouR as an
admitted equity and s matter of absolute ~ight to said MORTC~?GEE, and without reference to the sdeqwcy or inadsquxy of the value of tM
P?~~Y ~~6a6ed or to the sdvanty or insolventy of said MORTG/1GOR or the defendants. and thst suth ron1a. Profils. inoomes. issuea
and ~evenuss shall be applied by s~xh Reoeiver aocord'ng to the lieo or equity of saW MORTGAGEE and the practioe of such Court.
,
9. To d~,y. P~ty a~d h,ty ~n,. ~sctis~e. e~a,ro. effecr. oomv~ere oom~b wir~, and abtde by each snd erery tt~e srivu- ;
lations, agreernents. condittons :nd covenants in said p?o~nissory note and in this mort~,a~e set forth ~
10. That in the event the ownership of ths mort~aged premises. or smr part thereof. beoomes vested in a persa~ other thsn the `
MORTCJIGOR. the MORTGAGEE. its wooessors and assigru. may. witFaut ratice to the MORTGACOR, deal with wd~ wooessor or wocessors ~
in interest with roference to this rrwrtgage and the debt heroby secured in the same manner as with Mortgagor without in any way vitlating '
or d~sthargin~ the Mo~ors Ilability t~de~ or upon ths debt herebY sewred No ssb of the premises herc~r mortB+Bed and no fore-
bearance on the part of the MORTGIIGEE or its suooessors or aui~ns snd no exte~uion of the time for the pryrr~ent of the debt hereby seay~Rl+.
given by the MORTGAGEE or its wooessors or assigns. shsll opente to relerase, discharge, modify. chsnge or effect the originsl liability of
the MORTGACAR herein. dtFier in whok or in part. •
11. It is apeciHcally sgreed that time is of the essenoe of this oontnct and that no waiver or any obUgstion F~eneunder or of th~
ebiigatian secured heKby shall st any time theroafter be held b be a wsivu of the terms hereof or of the instn~msnt securod hereby.
~
SlBned. Sealed and dellwrod in presence of: ~
- (SEAU
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~ .
~ ~ - - (SE/lU
~ ST/1TE OF FLORI~A ~ -
COUNTY OF~~
~ Before me peROnslly appeand - and
~ - - his wif~e. to me well krwwn. to me to be ths individwls described in
and who sxewted the fore~oir~ instrurex~ft. snd adcnowbd~sd bsforo me that they exeWted for the purposes therein e~rested.
WITNESS my hand and official s~sl thi~------ --dsY of D. 19----- -
Notary Pubik in snd for the Stats of F{orida-at 1~~. -
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