HomeMy WebLinkAbout1606pw~q a policies said MORTGAGEE shall haw the option to reglve and apply the same txt account of the indebtedness secured tterebv a to
permit said MORTGAGORS to receive and use it or any part thereof for other purposes without thereby waiving or impairing arty equity,
lien a right under a by virtut of this Mortgage; and In the event said MORTGAGORS shall for any reason fail ro keep the said premises
so inwred, or fail to deliver promptly any of said polkies of insurartee to said MORTGAGEE. a fail promptly to pay fully any premium therefor,
or in any respect fall to perform, discharge, execute. effect. oornplete, comply with and abide by this covenant, a env pare hereof, said MORT
GAGEE rnaY Place and WY for such insurance or snY part thereof without waiving a affecting any option, lien, equity, a right under or by
virtue of this Mortga e, and the full amount of each and every such payment shall be intrrtediately duo and payable and shall boar interest
from the date thereo~ until paid at ttte rate of Rf(1~O1t1( per cent per annum and together with such interest shall be ser,~rred by the
lien of this mortgage. eight
4. To permit, corrtrnit or suffer no waste, impairrnertt or deterioration of said property a any part thereof.
5. It is hereby specifically agreed that arty sum or sums whkh may be loaned a advanced by the Mortgagee to the Mortgagor at any
time after the recording of this irtdenturo, together with interest Mteroon at the rate agreed upon at the time of such ban or advance. shall be
egwtly secured with and have the same priority ss the original indebtedness. and be subject to all the terms and provisiarts of this mortgage:
Provided, that the aggregate amount of principal outstanding at arty time shall not exceed sn amount egwl to one Mutdrod and fifty per cent
(15096) of the principal amount originally secured hereby.
6. To pay all and singular the costs, charges and expenses„ including a reasonable attomay's fee and costs of abstract of title In-
tarred or paid at any time by said MORTGAGEE beause or in the evont of the failure on tht part of the said- MORTGAGOR to duly, promptly -
and fully perform, discl`.arge, execute, effect. complete. comply with and abide by each and every the stipulations, agreements, conditions
and covenants of said promissory note and this mortgage any or either, and said costs, clta es and expenses, each and every. shall be
immediately due and payable; whether or not there be notice. demand. attempt to toll t pending; and the full amount of each and
every such payment shall bear interest from the date thereof until paid at the rate of ~} per catttxn per amum; and all said
costs, charges and expenses so incurred or paid, together with such interest, shall be secured by the lien of this mortgage.
7. That V) In the event of any breach of thts Mortgage or default on the part of the MORTGAGOR. or (b) in the event any of said
:urns of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable,
without demand or notice, or (~ in the event each and every the StipuleNorts, argeemertts, conditions and covenants of said promtssory mote
and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed complied with and
abided by, then in either or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaW. with interest
accrued, and all moneys secured hereby, shall beoorrte duo and payable forthwith, or thereafter, at the option of said MORTGAGEE. ss fully
and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory rtoM a M
this Mortgage to the contrary not withstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand,
suit at law or in equity, may be prosecuted as if all monies severed hereby had matured prior to its institution.
8. That in the event that at the begirrting of a at any Nme pending arty suit upon this Mortgage, a to forecbse it. or to reform
it, a to enforce payment of arty claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment
of a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged property alt and singular, including all and singular the
inoonte, profits, issues and revenues from whatever source derived, each and every of which, it being expressly txtderstood, is hereby more
gaged as if specifically set forth and described in the granting and habertdtrm clauses hereof, and such Receiver shall have all the broad and
effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court ss an
admitted equity and s matter of absolute right to said MORTGAGEE, and without roferenu to the adequacy or inadequacy of the value of the
property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rants, profits, lrtoorrtas, issues
and revenues shall be applied by such Receiver according to the Iles or equity of said MORTGAGEE and the practice of such Court.
9. To duly. Promptly and fully Perform. discharge. execute. effect. oorttplete comply with and abide by each and every the sNpu-
lotions. agreements, conditions and covenants in saW prartissory noM and in this mortgage set forth.
10. That in the event the ownership of the mortgaged promises, or any part lhereof, becomes vested in a person other than the
MORTGAGOR, the MORTGAGEE, its strocessors and assigns, may, without notice to the MORTG/1CAR, deal with such wooessor or stxxessors
in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitistlrtg
or discharging the Mortgagor's liability Fterotrrtder or upon the debt hereby secured No sale of the premises hereby mortgaged and no foro-
bearartce on the part of the MORTGAGEE cr its successors or assigns and no extension of the time for the payment of the debt hereby secured
given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge. modify. change or effect the origins) liability of
the MORTGAGOR herein, either in whole or in part. -
11. It is specifically agreed that time is of the essence of this contract and that no waiver or arty obligation Fteretxtder or of the
obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument severed hereby.
Sealed and delivered in presence of: ~i
i /
~D ; ~ IN PA1~ffEiyT OF TAXES
~ ON MASS 'C' INTANG16t_E ~ E^SC ~~ R
- -- -- -- ---- --------- ---- ---- ------- (SEAU
- ---- ---- -- ---- Er .. ~,.' .-_ - 72 Ccttrt 1941- -- ---- ---- ----- ---- - -
. C-:, r • • r ire
.. ,.:, -k Circuit - .-
as Ag~~-; (;~r ; :;;~ii~l ti. KtlQW}Eg - -- (SEAU
STATE OF FLORIDA 1 ~ t Lucie Cou:.ty Tax Co;lector
COUNTY oF_..----------------- - ---------- )} By
Before. trte personally appeared --- ------- -------- - ---- -- ----- ---~-------------- -------- ----- and
---------------------- ---
:_:;,. _
-----___-__ his wife. to me well known. a ~to~rrte~to be the individwh described in
and wlio executed the foregoing instrument, and acknowled
gad before me that they exewted t me for the purposes therein expressed.
,~ WITNESS my' hand. and official seal this.--- _-- ---- --_-__- ___dsy of----------------____-- ____-- --_-- ____-- - -____-- . A. D. 19_--- -- .
• ~ Notary Public in and for the State of Flonda st Large.
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