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HomeMy WebLinkAbout2586 , . . rruucv w pofic~es s.ud MORIGAGEE shall h.~vc the opNOn ro reteive and apply tne s.~~ne un account ot the ~ndebtc~7ciess secured ncrcbv or tn perm~t sa~d Ai~?RTGAfAF:'~ to ~~•cc~.e and usc it o~ any part fhereof fw othe~ purposes without 1he~eby wawmg or impauing any equity, i~en o? riRh1 undcr or by virtue ul this Mortgage; and in fhe event said MORTG/~GORS shalt fo. any reaso+? fail to keep the said premises so inwred, a fail to delive~ promptly any of said policiet of inwr~nt~ to said MORTGAGEE, or fail promptty to pay fu11y any premium therefor, or in any reipett fail to perfurm, d~scha~ge, execute, effect, tomplete, comply with arxl abide by this covenant, o~ anv part hereof, said MORT- G/1GEE may place and pay for such insurance w any part the~eof without waiving w a}fecting any option, I~e~, equity, or right under or by ~ virtue of this Mwtgage, anA the full amount of each and every suth psyme~t shall bs immecliately due and payable ar+d shall bear interest from the date thereuf until p~id at the rate of ~and a~t~y~ r cent per snnum and together with such interest shall be setured by ths I~rn of this mortgage. S@Vell 011E.'_=Tialf 4. To permit, commit or suffe? no waste, irt?pairment or deterioration of said p~operty or any part thereoi. S. It is hereby s{x~cii~cally agreed that any sum or sums which may be loa~ed w advanced by tha Mortgagee to ihe Mortgago~ at any t,me after the retording of this i~denture, together with interest thereo~ at the rate agreed upon at the time of wch loan o~ advance, shall be equa~ly sea~reci w~th and have the same prio~ity as the original indeGtedness, and be subject to all the terms and provisions of this mortgage: ProviJ~d, that 1he aggregate amount of pnntipal outstanding st any time shall not cxceed an amount equal to one hundred and fifty per cent (150~1 of the pr~n;lpal amount orig~nally secured he~eby. 6. To pay all arxi singulir tho c~~sts. chardes and expenses, in~luding a reasonable attorney's fee and costs of abst.act of titte In- curr~d or pa~d at anv time by ~a<<i M~RTGAGEE bccause or in the event of the failure on the part of the said MORTGAGOR to duly, promptly a.~d fully peif~s», d~scharse, e~.ecute, etfec~, complete, comply with and sbide by each and every tfie stipulations, agreements, tonditions ana c~ve~ants of said prum) ssory note and fhis mortgage any or either, and said costs, charges and expenses, each and every, shall be ~rtrmed~atc~y due and payable; whether or not tltcrc be notice, demand, attempt to c~~pq~p~~ u~t the full amounf of each and e.ery ssxh payment slull bear interest from the date thcreof until paid at the rate of ~QCand"s~per tentum per annum; and all said costs, charges and expenses so ~ncurred or paid, together with such t~terest, shall be Secured by fhe lien of this mortgage. 7. That (a1 in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein reierred to be not premptty and fully paid within thirty (30) days next after the same severally become due and payable. w•~thout ~mand er no~ice, or rcf ~n the e~e~t each and ever~ the st+oulatio~s, argeements, conditions a~d covenants of said promissory note and this mortgage any or either are not dul?~, promptly and fuHy performed, distharged, executed, effetted. ComD~eted complied with and abided by, then in either or an~• suc?~ event, the said ~ggregate sum mentior~ed i~ said promissory note then rerr?aining unpaid, with interesf accrued, ar+d a!I maneys secured fiereby, shall become due and payable forthwith, or thereafter, at the option of said MORTC.~'~GEE, as fully and complerely as if all of the said sums of money were originally stipulsted to be paid on suth day, anything in said promiuory note w in this Mortgage to the contrary not withstanding; and thereup~n or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, may bc pr::sccuted as if all monies secured hereby had matured prior to its institufion. 8. That in the eve~t ttwt at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to refomt it, or to enforce payment of any claims hereunder, said MORTG/1GEE shall apply ro the Court having jur~sdictit~ thereof fw the appolntment of s Receiver, such Court sha~l iorthwith appoint a Receiver, of said mortgsQed property all and singular, including all and singular the incotne, profits, iuues and revenues frem whatevr.r source derived, eath and every of whith, it being ezpressly understood, is hereby mort- gaged as if spetifically set forth and describt•d in the granting and habendurtt clauses hereof, and suCh ReCeiver shall have all the broed and effective funttions and powers in anywise e~trustcd by a Courf to a Rete+ver, and wch appointment shall be rrude by uxh Court as an admitted equ~ty and a matte~ of absotute r;ght to said MORTGAGEE, and without reference to the adequaq or inadequaq of the value of the prope~rty rrtortgaged or to the solvenq or insolvenq of said MORTG/~GOR or the defendants, and that suth rents, profits, inCOrnes, issuea and revenues shall be applied by wch Receiver according to the lien or equity of said MORTGAGEE and the prxtice of such Court. 9. To duly, promptly and futly perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory note snd in this mortQaQe tet torth. )0. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the A10RTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or successors in interest with reference to th~s mortgage and the debt hereby setured in the Same manner as with Mortgagor without in any way vitiatin; ~r discharging the Mortgagor's liability hereunder or upon the ~ebt hereby secured. No sate of the premises hereby mortgaged and rw fwa bearance on the part of the MORTGAGEE M its successors or assig~s and no extension of the time for the payment of the debt hereby secured g,~en b~ the A40RTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effect tF+e wiQinal liabiliry of the (410RTGAGOR herein, either in whole or in pa~t, 11. 1t is specifically agreed that time is of the essente of this Contract and that no waiver or any obligation hereunder ot of tFN ~bl~gaticn setu.ed hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument setured hereby. ~ ned. Sealed and delivered in presente of: j Frst Fede~al Savinss and LoMi E Ass'n, ot Indian Rivet County ~ 20:~ -14tl~ Ate. P.4. Box 1209 t - - YEro ~ each. F'o~ida 32~ - _ cs~u ~ - - ts~?u STATE OF FLORID/1 ~ v COl1NTY OF _ S5. ~ ~ Before me ~ persor?a~ly appeared - - - - - - - _ and H ~ _ _ his wife. ro me well kno.rn, an wn to me to be the individuals described in ~ and who executed tF+e foregoing inst ent, a~d acknowledged before me that they executed t me for the purposes therein expressed. ~ WITNESS snd official seal this . day of . _ _ _ _ . _ _ , A 19 3 _ - - 9 " " ' ' . . _ ' _ _ _ ' _ _ ~ Notary Public in and for the State of Flwida st Large. ; _ ; ~ ~ ~ ~ , , ; a , ~ A ; 4 I d ~ W c/~ z , „ , V p ; w r. ~ ; , ~ ;ZQz I ~ ~ ~ ~ ~ ~ j ~ o ~ ~ r-~ a°~ ? j x~g ~ `5 w ~'-~ao~-c ~ ~ ~ ~ ~ ~ ' .^r a z z ,.r ~ I ~ a . R7 Y' ~ ~ - x ~°e _ ` ~ ~ Z ~ ~ ~ ~ m ~ ~ . : ( E¦ : ~ ~ c~ i o a ` ~ .?S~/ d ~ ~ ~ R 191 ~ - ~ > = c~ ~ goa» . ~ . ~ ! w i f ~ = ~ : i I x ~ ~ . n. ~ - - . _ . . _ . _ .