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HomeMy WebLinkAbout1865 S i poiicy or policies said MORTGAGEE shall have the option to receive snd appty tne s3me u~ account ot the indebtedneu secured nerebv o? tn pe~mit said MORTGAGORS to reteive and use it or any part thereof for othe? purposes without thereby waiving or impairing any epuity, lim or right under or by virtue of this Mortgage; and in tFte event said MORTG/1COR5 shall fo. any reason fail to keep the said premiscs so inwred, w fail to deliver promptty any of said policies of inwrance to said MORTG/1GEE, or fail pranptly to pay fully any premium theretor~ or in any respett fail ro perform, dixharge, execute, effect, tomplete, comply with and abide by this tovenant. or anv part hereof, ssid MORT• GAGEE may place and pay for such insuronce or a~y part thereof without waiving or sffetting any opNon, lien, equify. or right under or by virtue of this Mortgage, a?~d the futl amount of each and every such payment shall be immediately due and payable and shall bear interest from the date fhereof until paid at the rata of and~['~~~{per cenf psr snnum and together with uxh interest shall be secured by ths lien of this mortgage, elg~t Lllree-quarters 4. To permit, tommif or suffer no wssfe. impairment or dete?toration of said property o? sny part fhercof. 5. It is he~eby specifically agreed that any sum or wms whith may be loaned or advanced by the Mo?tgagee to the Mo?tgagor at any time after the recording of this indenture, togetFur with interest thereon at the rate agreed upon at the time of wth loan or adva~ce. shall be equa~ly secured with and have the same priority as the original i~dettedness. and be wbject to all the terms and provisions of this mortgage: Provided, that the aggregate amount of principal outstanding at any time shall ~ot exceed an amount equal to one hu~dred and fifty pe? cent (1509(i) of the printipal amounf originally seCUred hereby. ~ 6. To pay all and singular the costs, charges and expenses, irtluding a ressonable attomey's fee and costs of abstract of title In. ~ curred or paid at any time by sa~d MORTGAGEE because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and sbide by each and every the sfipulations. agreements, co~ditions and covenants of said promissory note and this mortgage any or either. and said costs, tharges and expenses, each and every, shall be immediatety due and payable; wheiher or nof thcre be notice, demand. attempt to~h~ ~~'~ed Pe ~~~~1 amount of exh and every such payme~t shall bear interest from the date thereof until paid at the ?ate o ~ m r amum; and all said costs, charges and expenses so incurred or paid, together with wth ~nterest. shall be setured by the lien of this mwtgage. ~ 7. That (a) in the event of any breach of this Mo?tgage or default on the part of the MORTG/1GOR, or (b) in the event any of said wms of money herein re{erred to be r+ot promptly and fully paid within thirry (30) days next afte~ the same severally become due and payable, without demand or notice, or (c) in the event each and even the stioulations, argeements, tonditions and cwenants of said promissory note and this mortgage a~y or eiiher are not duly, promptly and fully performed, diuharged, executed, effected, completed complied with and abided by, then in eithe* cw any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest xcnied, and all moneys secured hereby, shall become due and payable forthwith. or thereafter, at the option of said MORTGAGEE. as fuly and completely as if all of the said sums of money were originally stipulated b be paid on wth day, anything in said promissory note or in this Mortgage to the contrary not withstanding; and thereupon or therwfter at the option of said MORTGAGEE, without notite or demand. wit at law or in equiry, may be prosecuted as if all monies secured hereby hsd matured prior to its institution. 8. That in the event that at the beginning of or af any time pendi~g any wit upon this Mortgage, or to foretlose if, or to reMrm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall appty to the Court having jurisdidion thereof for the appointment of a Reteiver, suth Court shall forthwith appoint a Reteiver, of said mortgaged property sll and singular, intl~ding all and si~gular tM intome, profits, issues and revenues from whatevcr sourr :!erived, each snd every of whith, it being exp?essly undentood, is hese~y mort- gaged as if specifically set forth and described in the granting and habendum tlauses hereof, and such Receiver shall have all the broad snd effective functions and powers in anywise entnnted by a Court M a Reteiver, and such sppoi~tment shall be rt~ade by suth Court u an admitted equity a~d a matter of absolute right to said MORTGAGEE, and without reference to the adequaq or inadequaty of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR o~ the defendants, a~d that wch rents, profits, intanes, iswea i and revenues shall be applied by wch Receiver acrnrding to the lien o~ equity of said MORTGAGEE and the practice of wch Court. ~ 9. To duly, promptly and fully perform, discharge. execute, effect, complete c«nply with and abide by each and every the stipu- ~ lations, agreements, conditions and covenants in said promissory note and in this mortaage set forth 10. That in the event the ownership of the mortgaged premises. or sny part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its sutcessors and assigns, may, wi thout notice to the MORTGAGOR, deal with such wccessor or wttessoa :n interest with reference to this mortgage and the debt hereby secured in the same maoner as with Mortgagor without i+~ any way vitiating or distharging the Morigagor's liabiliry hereunder or upon the debt hereby setured. No sale of the premises hereby mortgaged and no fwo- bearance on the part of the MORTGAGEE its successors or assigns and no extension of tF+e time for the payme~t of the debt hereby setured given by the MORTGAGEE or its successors or assigns, shall operate to release. discharge. modify, change w effect the original liability of : the tr10RTGAGOR herein, either in whole or in part, ; 11. It is specifically agreed that time is of the essenoe of this oontnct and that no waiver or any obligatio~ hereunder o? of ths ~ obligatio~ secured hereby shall at any time thereafter be heW to be s waiver of the terms hereof or of the instrument secured hereby. a i ed, Sealed and delivered in presence of: ~ . _ (SEAU - - - - - - (SEAU STATE OF FLORID/i1 ' ~ SS. # COUNTY OE - - ~ : Before me personally appeared ~^d ! his wife. to me well known. a own to me m be the individuals described in : and wtw executed the foregoing i t, and acknowledged before me that they executed t me for the !wrposes therein eacpressed. WITNESS nd and official seal this - ---day of---- ~ A D. 19---- - - Notary Public in and for the State of Florida at Large. ~ W,. S t'IaiE°= ,~i-~;~c~,~ ~ ~ ~ ~ u~cun+~ENrao ~ _ s~tat•~~ -,-,~x p~ ; A o = FEa-r~~ t2:;:~ - - o _ ~ ~z ~ S - : T c'' w ~ U _ ;i V ~ f.. ~ ~ . 1~:. t• QryJ~ t t~ ~ . 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