HomeMy WebLinkAbout0221 poucy o? po~icies said MORTCAGEE shall have the option to reteive and apply ine sarne un account ot the indebtedness secured herobv or h?
permit sa~d MORTGACARS to receivo and use it or any part theraof fot other purposes without thereby waivin~ o~ impairing any eQuity,
lien w righ~ under w by virtue of this Matgage; snd tn the event said MORTG/1GORS shsll fo. a~y reason fail to keep tM said premises
so irtwred, or fail to deliver promptty any of said pollcies of inwrante to said MORTGAGEE, or fail promptly to pay fully sny premium therefo~~
or in any ~espett fail to perfo~m, discharge, exetute, effatt. tomplete, comply with and ablde by this tovenant, or snv W?t hereof, said MORT
G/1GEE may ptace and pay for wth inw.ante w sny part thereof without waiving or sffetting any option, tien, equify. or right w+der or by
virtue of this Mortgage, and the full amount of eath a~d every wth psyment shall be immediately due and payable a~d shall bear interest
from the date tF+ereof until paid at the nte ofY~Ii and if~is per cent per annum and togethe~ with such interest shall be secured by the
lien of this mortgage. seven three-quarters
t. To permit, commit or wffer no waste, impairment a deterioration of said property or sny paR the~eof.
S. It is hereby specifically agreed that any wm a wms which n~sy bs loa~ed or adva~ced by the Mortgagee to the Mortgago? at any
time after the retording of this indenture~ together with interest thereon at the rate agreed upon st the Nme of suth ban o~ advance, shall be
equaUy secured with and have the same prio~ity as the original indebtedness. and be wbjett to aQ the temu and provisions of this rtwrtgage:
Provided, that the aggregate amount Qf principal outstanding st sny time shall not exceed an amount eqwl to one hundred and fifty per cent
(15096) of the principal amount originally secured hereby.
6. To pay all and singular the tosts, charges and expenses, intluding a ressonabk atMmey's fee a~d tosts of absiratt of title in-
turred or paid at any time by said MORTGAGEE because or in the evcnt of the failure on the part of the said MORTGAGOR to duly. promptly
and fully perform, diuharge, execute. effect, complete, comply with and ~bids by eath and every the stipulations, agreemenis, conditions
and covenants of said promissory note and this mortgage any a either. snd ssid tosts, charges snd expenses, each and every, shall be
immediately due and payable; whether or not there be no~ice, demand, attempt ~~o~j{pq~ or~~r~t~~ll amount of each and
every wch payment shall bear interest from the date thereof until paid at the rate o7 ~Csnd par tm um r amum; and al! said
tosts, charges and ezper?ses so inturred or paid, together with such mterest, shall be setured by the lie~ of this rtwrtgage.
7. That (a) in the event of any breach of this Morigage or default on the part of the MORTGAGOR, or (b) in the event any of satd
wrru of ewnpy herein referred to be not promptly and fully paid within thirty (30) d~ys next after the same severally become due and payable,
without demand or notice, w tc) in the event each ar+d every the stioulations. argeements, conditions and cove~ants of said promissory note
and this mortgage a~y or either are not duly, promptly and fully perfamc~cl, diuharged, executed, effected, completed complied with sr?d
abided by, then in eitF+er w any such event, the said aggregate wm mentioned in said promissory note then remaining unpaid, with interest
sccn~ed, and all moneys secured he~eby, ;hall bec«ne due and payable forthwith~ or thereaher, at the option of said MORTG/1GEE. as fully
and completely as if all of the said wms of money were originally stipulated to be paid on such day, anything in said promiuory note w in
this Mo.tgage to the cantrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand,
wit at law or in equity, may be prosecuted as if all monies setured hercby had matured prior to its institution.
8. That in the event that at the beginning of or at any Nme pending any wit upon this Mwtgage. or to foreclose it. or to refonm
it, or to enforce payment of any claims hereunder. said MORTGAGEE shatl apply to the Court having jurisd~ction thereof for the appointmct?t
of a Receiver, such Court shall forthwith appoint a Receiver, of said mortgsged property all a~d singular. intluding all and singular the
intome. profits. issues and revenues from whatever source derived, each and every of which. it being exp~essly understood. is hereby mort-
gaged as if specifically set forth and described in the grenting and habendum tlauses hereof, a~d wch Receiver shall have all tF+e broad snd
effective functions and powe?s in anywise entnnted by a Court to a Receiver. and suth appointment shall be made by wch Court u an
admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of the
property r?wrtgaged or to the solvenq or insolvency of said MORTGAGOR or the defendants, a~d that wch rents, profin. intomes, iswea
and revenues shall be applied by wch Receiver accwding to the lien or equity of said MORTCAGEE and the practice of such Court. .
9. To duly, promptly and fully perform, discharge, execute. effect, complete oomply with and abide by each and every the stipu- •
lations. agreements, conditions and coverwnts in said promissory note and in this mwtgage set torth.
10. That in the event the ownership of the mortgaged premises. o. any part rhereof, becomes vested in s person other than the
MORTGAGOR, the MORTGAGEE, its wccessors a~d assigrn, may, without notice to the MORTGAGOR, deal with such successor or successoa
in interest with referente to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any wsy vitiati~
w discFLirging the Mortgsgor's ~iabiliy hereix~der or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore-
bearance on the part of the MORTCAGEE ~ its wccessors or assigns and no extension of the time for the payment of the debt hereby secured
given by the MORTGACEE or its successors or assigns. shall operate to release. discha?ge. modify. cFwnge or eHett the origina) lisbility of
the MORTGAGOR herein, either in whole or in part.
1 l, h is specifically agreed that time is of the essente of this contnct and that no waiver or any obligation hereunder w of ths
obligation secured hereby shall at any time thereafter be held M be a waiver of the temu hereof or of the instrument secured hereby.
Signed; Sealed and delivered in presence of:
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j ST/1TE OF FLORIDA ~
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COUN7Y OF------------------ - - j
Before me persorwlly appeared - a^d `
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his wife. to me well krawn. a to me to be the individuals destribed in ~
and who executed the foregang inst t, and ackrwwledged before me that they execut same for the purposes therein expressed. ~
WITNESS my snd official seal this ---.day of-------------------------------.--- --------~1. ~ D. 19----- '
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Notsry Public in and for tt+e $tate of Fbrida at large.
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