The URL can be used to link to this page

Home My WebLink About0706 ,rii~cy or policies said MORTGAGEE shall have the option to receive •nd spply tne same on account ot the indebtedness secured ncrebv or t~ permit aa~d MORTGAGORS fo ~ece~ve and use if or sny part therpf fw other purposes without thereby wa~vin~ or impairinq a~y equity, I~en or righl under or by vir?ue of this Mo~t~aQe; u?d in th~ tver?t said MORTG/1GORS shall fo. any reason fai) to keep fhe said premiscs so ~nsurecl, or fail to deliver p~omptly any of said polieies of insur~nt~ to said MORTGIIGEE, or fail promptly to pay fully any premium theretor, or ~n any ~espect fail to perfurm, diuhar~~ etute, effett, tompl~ts, comply with and ~bide by this coverw~t, or anv Wrt F?ereof, said MORT- GAGEE may place and pay fw wch insur~ er sny put thereof without waivinQ or affetting s~y option, lie~, equity, o~ ~ight under or by .~~tue of lhis Mortgage, and the full amount of each and evfry suth payment shall be immediately due snd payable and shati bear i~terest rrom the date thereol until paid at the rate of~~]~}(~~{Q~e~ tetit per snnum and fogether with wch interest shall be secured by the t,cn of this mo~tgage. elgrht Q. Tn ~..mit, commit or suffe~ no waste, impslrment or deteriwstion of said property or any psrt thereof. S It is hereby speciiically a~reed that any wm or sums whith may be loaned or advanced by the Mortgagce to the Mortgagor at any r~n,e after the recording of th~s indentu~e, togethe? with interest thereon at the nte agreed upon at t!w time of such loan or advance, shatl be eyua~ly secured w~th and have the same priority as the original indebledness, and be subject to all the terms and provisior?s of this mortgage: ~'~~>v~ded, that the aggregate am~wnt of principal outstanding af any time shall not exceed an amount eQwl to one hundred a~d fitty per cent 1150%> of the principal amcunt originally secured hereby. 6. To pay all ar.d singula~ the cests, charges and expenses, intludin` a ressonable attome~i s fee and costs of abstratt of title in- c~rrcd or pa~d at any time by sa~J MORTGAGEE because or in the event of the failure on the pa?t of the said MORTGAGOR to duly, promptly and (ully pe~f~.~+m, disCl~rge, ezecute, effect, complete, comply with and abide by eaCh and every fhe stipulations, agreements, tonditions .,nA covenants of said prcmissory note a~d this mortgage any or efthe~~ ~nd s~id tosts, tharges and ezpenses, each and every, shall be immed~atcly due ar,d payable; whether or not thcre be notice, demand. sttetnpt b coll ~it pending; and the tull amount of exh and e~e~y such payme~t shall bear interest from the date thereof until paid at the rste of ~~I~(~e`J _]~4(Q~[ per tentum per snnum; and all said costs, Charges and expenses so i~turred ot paid, together with suCh ~nte?esf, SFull be setu by tite lien of this mortQage. 7. That (al in the event of any breach of this Mortgage or defiult on the part of the MORTG/?GOR, or (b) in the event any of said zums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, w~thout demand or notice, or (c? in the event each and everv tha stipulations, argeements, conditio~s and tovenants of said promiuory note and this mortgage any or eithcr are not duly, promptly snd fully performed, distharged, exttuted, effected, Completed complied wifh and ah~dcd by, the~ in either or any such event, the said aggregate wm mentiancd in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due a~d psyable fwthwlth, o? thereafter, at the option of said MORTCAGEE, as fully and completely as if all o( ~6~ sums of money were originally stipulated to be paid a~ wch day, arrything in said promissory ~ote w in th~s Mortgage to the contrary n~t withsta~ding; ar~+ !!~~p!~n or the~esfter at the option of said MORTGAGEE, without notice or demand, suit af law o~ in equity, may be prosecuted as if all monies secured hereby hsd mstured priw to its institution. 8. Thst in the evmt tF+at st !he beginning of or at sny time pending any wit upon this Morfpge, or to fo~eclose it, or to refomn ir, or to enforce payment of any claims hereunder, said MORTGAGEE shall spp~y to the Court havina jurisdictioe~ thereof for the sppointment of a Receiver, such Court shall forthwith sppoint a Reteiver~ of said mortgs~ed properfy all snd sin~ular, including all snd singular the incorne, prof6ts, issues and revenues from whatevrr source derived, eath snd every of which, it being ezpiessly u~dentood, is Fxreby mort- gaged as if specifiwlly set forth and described in the granting and habendum clauses he?eof, snd suth Receiver shsll have all the broad and effective functions and pawers in anywise entrusted by a Court to s Receiver, and such appointment shall be msde by such Court as an admitted equiry and a matter of absolute right to said MORTG/1GEE, snd without roferente to the sdeqwq or inadequaty of the value of tF» property mortgaged or ro the solvency o. insolve~cy of said MORTGAGOR or the defendants, and that such rc?~ts, profits, Incorr?es, issuea and revenues sh~ll be spplied by wch Reteive~ atcording to the lien or equity of ssid MORTGAGEE snd the prsttite of wth Court. 9. To duly, promptly and fully perform, discharge, execute, ~ffect, tomplete comply with and abide by each and every the stipu- ~at~ons, agreements, conditio~s and covena~ts i~ said promissory note a~d in this mortea~e set forth. 10. That i~ the event the ownership of the mortgaged premises. or any part tF+ereof, becomes vested in s person other than the ~tORTG/1GOR, the MORTG/1CEE, its wccessors and assig~s, may, without notice to tt+e MORTGAGOR, deal with suth suttessor or wccessors ~n interest with reference to this mortgage and the debt hereby setured in the same msnner as with Mortgagor without in sny way vitistinQ d~schargi~g the Mortgsgor's liabiliy F+ereunder w upon the debt hereby secured. No sste of the premises he~eby mortgaged and no fore- bea~ance rn the part of the MORTGAGEE M its wcceuoa or aui~s and no exten:io~ of the time for tlx payment of the debt hereby secured g:.en bv the MORTGAGEE or its wccessors or sssigns, shall opente to rolease, discharYe, modify, change or effect the originsl liability of tne h10RTGAGOR txrein, eithe? in whole or in part. g 11. 1t is specifiqlSy agreed that time ii of the essente of fhls Oontratt and thst no wsiver or any obli~ation hereunde? or of tFN 3 ~b,~gation secured t,ereby shall at any time thareaker be held ro b~ a waiver of the terms hereof or of the instrument secu?ed hereby. _ Signed, $ealed and delivered in presenCe of: . - ~ _ - , _ (SE/1:J - - - i ; - - _ - - - - - (SE/1Li ~ ST/~TE OF FLORID/1 ~ . ~ SS. ; couNnr oF - - - - .1 ~ ~ eefo.e me personan s - - - - - - - - Y _ ~ared - - - - - - and ~ . - his wife, to me well known. known to me to be tF+e individuats described in ard wla executed the foregoing ~ rument, snd acknowledged before me that they execut same for the purposes therein ezpressed. t WITNESS nd and offic;al seat this - - - - - d~y of.--- - _ _ , D. 19 . . ~ - - - - - - - Nobry Publit in and for the State of Florida at LsrQ . ~ ~ f ' a _ ~ a ` 1 ~ ~ ; F ~ o + w ~ Z Q z ~ E G s ~ ~ p ~ Z ~ ~ ~ aN,~ ~ x~,o ~ i ~ ~ ~ ~ ~ ~ N W ~ ?~y m QI ~ Q az°~ ~ a ~ ~ ~ Fr ~ V%~ V ~ ~ i - , ~ ~ Z ~ '~i ~ p~p ~ Q ~ ~ ~c ~''~Zo A d `a~c I < ~ ~ ~ x ~ ~ I p R . ~S ~¦I ! BOOK 1S~ PAGE ~ ~ I~ ; ~ . ~ _ _ ~ _ . - .s xsr` _ ~ . . ~